According to the recent Research by Hexa Research, Engineering Services outsourcing market is likely to cross over USD 400 billion by 2020. In increase in cost pressure for global firms resulting in forced R&D budget is a key driver for the industry development over the forecast period. Also, the shorter product life cycles due to vibrant consumer buying behavior is anticipated to affect the market growth favorably. With improvement in production process, lowered time to market and cost benefit are some of the major factors boosting the market growth globally. Risk of intellectual property theft may pose a challenge to market growth due to significant losses for business. Engineering Services Outsourcing demand in telecom segment contributed for over 19% in 2013 globally.
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Service providers for telecom have been carrying out operations and business supports systems for ensuring smooth function of the business. It requires suitable back- end equipment and expertise, encouraging the use of ESO in systems. The consumer electronics segment is estimated to witness the rapid growth over the forecast period. This could lead to extreme reduction in product life cycles, forcing firms to bring out product innovations at faster rate. In 2013, Asia Pacific was the prime regional market contributing for over 50% of total market demand which is estimated to stay a market leader over the forecast period.
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Table Of Contents:
Chapter 1. Executive Summary
1.1. Engineering Services Outsourcing – Industry Summary and Critical Success Factors (CSFs)
Chapter 2. ESO Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. ESO Value Chain Analysis
2.4. ESO Market Dynamics
2.5. Key Opportunities Prioritized
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Chapter 3. ESO End-Use Outlook
3.1. Aerospace
3.2. Automotive
3.3. Construction
3.4. Consumer Electronics
3.5. Semiconductors
Chapter 4. ESO Regional Outlook
4.1. North America
4.2. Europe
4.3. Asia Pacific
4.4. RoW
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