According to the research report titled ‘Engineering Services Outsourcing (ESO) Market Size, Share, Trends & Industry Analysis Report By Location Outlook; By Application Outlook; By Regions; Segment Forecast, 2019 – 2026’, available with Market Study Report, global engineering services outsourcing (ESO) market reached a valuation of USD 402.4 billion in the year 2018 and is anticipated to witness a y-o-y growth rate of 21% between 2019 and 2026.
 

Increasing utilization of high skilled and low cost resources for designing, testing, validating, simulating and executing complex tasks is a major factor driving the growth of global engineering services outsourcing market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2963776/
 

Various organizations operating in telecom, aerospace, semiconductors, consumer electronics and automotive sectors are shifting to knowledge process outsourcing, which in turn is adding traction to the overall market size. However, rising concerns associated with data security may act as a restraining factor to the growth of global engineering services outsourcing industry.
 

In terms of location outlook, offshore segment of global engineering services outsourcing industry sphere is predicted to expand considerably during the estimated timeframe. Availability of highly skilled professionals at low costs coupled with rising adoption of offshore outsourcing solutions by enterprises in order to expand their respective regional reach are prime factors fueling the segmental share.
 

Considering the geographical landscape, Asia-Pacific currently dominates global engineering services outsourcing industry. The report states that India and China are predicted to emerge as major revenue generators for the overall market in the ensuing years. Increasing number of engineering professionals in tandem with availability of low cost resources are positively swaying the business dynamics in Asia-Pacific.
 

Infosys Ltd., Kistler Group, Cybage Software Pvt. Ltd., FEV Europe GmbH, ASAP Holdings GmbH, EDAG Production Solutions GmbH & Co. KG., Wipro Ltd., Tata Consulting Services Ltd., P+Z Engineering GmbH, IAV GmbH Ingenieurgesellschaft Auto und Verkehr, and HCL Technologies Ltd. are the major companies operating in global engineering services outsourcing industry vertical.