HCL Technologies, Infosys, Symphony Teleca Profiled in Engineering Services Outsourcing Market

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Engineeringoutsourcing has always seen an upward growth in the past and this trend will continue in the same way in 2019 as well. Engineering services outsourcing refers to the outsourcing of a part or the whole of engineering or development operations, which are non-core functions of companies, to third-party service providers either in the same country or in an offshore location. The changing role of engineering service providers from being a third party vendor to gradually becoming key stakeholders in product development is driving the industry’s growth substantially.

The global engineering services outsourcing market is expected to grow at a compound annual growth rate of +27% during the forecast period 2026.

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Top Key Players of Engineering Services Outsourcing Market:

·         HCL Technologies
·         Infosys
·         Symphony Teleca
·         Aricent
·         TCS
·         Luxoft
·         Wipro
·         Accenture

The engineering services outsourcing market is also segmented on the basis of geography in the United States, Europe, India, Japan, China, and Southeast Asia. The geographical segmentation provides a distinct assessment of the factors supporting these regions, the favorable regulatory policies, and the impact of the political frameworks. Market drivers, restraints, and opportunities have been evaluated to explain the anticipated nature of investments and its impact on the global market in terms of future prospects.

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On the basis of product, this Engineering Services Outsourcing Market report primarily split into- 

Drafting and 3D modeling, Engineering analysis, Product design and testing

On the basis on the end users/Applications, this Engineering Services Outsourcing Market report covers- 

Automotive, Consumer electronics, Construction

The global Engineering Services Outsourcing Market research report is integrated considering the primary and secondary research methodologies that have been collected from reliable sources intended to generate a factual database. The data from market journals, publications, conferences, white papers and interviews of key market leaders are compiled to generate our segmentation and is mapped to a fair trajectory of the market during the forecast period.

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