Global Engineering Services Outsourcing Market In US 2024-2028
The engineering services outsourcing market in us is forecasted to grow by USD 187615.8 mn during 2023-2028, accelerating at a CAGR of 32.14% during the forecast period. The report on the engineering services outsourcing market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost savings from lower labor wages, access to high-quality manpower of engineering services outsourcing services, and growing focus on core competencies/lack of in-house expertise.
Technavio's engineering services outsourcing market in us is segmented as below:
- By Sourcing
- Offshore
- Onshore
- By End-user
- Telecom
- Automotive
- Healthcare
- Aerospace
- Semiconductor and others
- By Geographical Landscape
- North America
This study identifies the innovations in engineering services outsourcing services as one of the prime reasons driving the engineering services outsourcing market in us growth during the next few years. Also, increasing digital transformation in organizations and growing adoption of ai by engineering services outsourcing providers will lead to sizable demand in the market.
The report on the engineering services outsourcing market in us covers the following areas:
- Engineering services outsourcing market in us sizing
- Engineering services outsourcing market in us forecast
- Engineering services outsourcing market in us industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading engineering services outsourcing market in us vendors that include Alten SA, Atos SE, Backoffice Pro, Capgemini Service SAS, Cognizant Technology Solutions Corp., Cyient Ltd., EPAM Systems Inc., FEV Consulting GmbH, Flatworld Solutions Pvt. Ltd., Genpact Ltd., HCL Technologies Ltd., Honeywell International Inc., Infosys Ltd., Quest Global Services Pte. Ltd., Siemens AG, Sonata Software Ltd., SSA Business Solutions India, Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd.. Also, the engineering services outsourcing market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.