The Global Engineering Services Outsourcing Market size is estimated at USD 2.91 trillion in 2024, and is expected to reach USD 5.34 trillion by 2029, growing at a CAGR of 12.89% during the forecast period (2024-2029).
Global Engineering Services Outsourcing Market is fragmented and competitive. A significant trend of mergers and alliances of various global engineering firms has been seen over the past decade to increase foothold in the market. Partnerships with start-up companies including manufacturing start-ups and other industry ecosystem players are expected to provide new opportunities for the growth of the Engineering Services Outsourcing Market. Companies are extensively investing in R&D operations and are focusing on providing customized services to their customers.
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