Engineering services outsourcing market size to increase by USD 206.93 billion: North America will account for 42% of market growth

NEW YORK, Jan. 30, 2023 /PRNewswire/ — The Engineering Services Outsourcing Market by Sourcing, End-user, and Geography – Forecast and Analysis 2022-2026 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 21.8% and register an incremental growth of USD 206.93 billion during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. To know more, buy the report!

Regional analysis

Based on region, the global engineering services outsourcing market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to account for 42% of the growth of the global market over the forecast period. The growth of the market will be driven by factors such as a large number of ESO agreements signed by US-based companies.

Company profiles

The engineering services outsourcing market report includes information on the key products and recent developments of leading vendors, including:

• Accenture Plc: The company offers engineering services outsourcing for core platform engineering, software product engineering, platform enablement, and device engineering.
• Altair Engineering Inc.: The company offers engineering services outsourcing, which helps in predictive simulation, optimizing performance, and saving time.
• ALTEN Group: The company offers engineering services outsourcing for R&D and manufacturing.
• Capgemini Service SAS: The company offers engineering services outsourcing for analytics and visualization and specialization in analytic modernization, customer intelligence, and security intelligence.
• EPAM Systems Inc.: The company offers engineering services outsourcing for product, platform, operational technology, and next gen engineering services.
• FAREVA SA
• Flatworld Solutions Pvt. Ltd.
• HCL Technologies Ltd.
• Infosys Ltd.
• To gain access to more vendor profiles available with Technavio, Download a PDF sample report

Market dynamics

The market is driven by factors such as cost savings from lower labor wages, reduced time to market and improved access to emerging markets, and growing focus on core competencies/lack of in-house expertise. However, the risk of intellectual property theft and misuse is hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample

Market segmentation

• Based on end-user, the market is segmented into automotive, consumer electronics, telecom, semiconductor, and others. The automotive segment accounted for the largest share of the market in 2021.
• Based on geography, the market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. North America held the largest share of the market in 2021.
• Based on sourcing, the market is segmented into offshore and onshore.

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The computer aided engineering (CAE) market size is expected to increase by USD 5.65 billion from 2021 to 2026. The report extensively covers market segmentation by product (FEA and CFD), end-user (automotive, aerospace and defense, electrical and electronics, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

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What are the key data covered in this engineering services outsourcing market report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive engineering services outsourcing market growth during the next five years
• Precise estimation of the engineering services outsourcing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the engineering services outsourcing industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of engineering services outsourcing market vendors

Browse for Technavio’s information technology market reports

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Sourcing
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis – Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 25: Chart on End-user – Market share 2021-2026 (%)
• Exhibit 26: Data Table on End-user – Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 5.3 Automotive – Market size and forecast 2021-2026
• Exhibit 29: Chart on Automotive – Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Data Table on Automotive – Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Chart on Automotive – Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Automotive – Year-over-year growth 2021-2026 (%)

• 5.4 Consumer electronics – Market size and forecast 2021-2026
• Exhibit 33: Chart on Consumer electronics – Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Data Table on Consumer electronics – Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Chart on Consumer electronics – Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Consumer electronics – Year-over-year growth 2021-2026 (%)

• 5.5 Telecom – Market size and forecast 2021-2026 
• Exhibit 37: Chart on Telecom – Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Data Table on Telecom – Market size and forecast 2021-2026 ($ billion)
• Exhibit 39: Chart on Telecom – Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Telecom – Year-over-year growth 2021-2026 (%)

• 5.6 Semiconductor – Market size and forecast 2021-2026
• Exhibit 41: Chart on Semiconductor – Market size and forecast 2021-2026 ($ billion)
• Exhibit 42: Data Table on Semiconductor – Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Chart on Semiconductor – Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Semiconductor – Year-over-year growth 2021-2026 (%)

• 5.7 Others – Market size and forecast 2021-2026 
• Exhibit 45: Chart on Others – Market size and forecast 2021-2026 ($ billion)
• Exhibit 46: Data Table on Others – Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 48: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• Exhibit 49: Market opportunity by End-user ($ billion)

6 Market Segmentation by Sourcing

• 6.1 Market segments 
• Exhibit 50: Chart on Sourcing – Market share 2021-2026 (%)
• Exhibit 51: Data Table on Sourcing – Market share 2021-2026 (%)

• 6.2 Comparison by Sourcing 
• Exhibit 52: Chart on Comparison by Sourcing
• Exhibit 53: Data Table on Comparison by Sourcing

• 6.3 Offshore – Market size and forecast 2021-2026
• Exhibit 54: Chart on Offshore – Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Offshore – Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Offshore – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Offshore – Year-over-year growth 2021-2026 (%)

• 6.4 Onshore – Market size and forecast 2021-2026
• Exhibit 58: Chart on Onshore – Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Onshore – Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Onshore – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Onshore – Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Sourcing 
• Exhibit 62: Market opportunity by Sourcing ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 64: Chart on Market share by geography 2021-2026 (%)
• Exhibit 65: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 66: Chart on Geographic comparison
• Exhibit 67: Data Table on Geographic comparison

• 8.3 North America – Market size and forecast 2021-2026
• Exhibit 68: Chart on North America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 69: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 70: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 8.4 APAC – Market size and forecast 2021-2026
• Exhibit 72: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
• Exhibit 73: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
• Exhibit 74: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 8.5 Europe – Market size and forecast 2021-2026
• Exhibit 76: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
• Exhibit 77: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
• Exhibit 78: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 8.6 South America – Market size and forecast 2021-2026
• Exhibit 80: Chart on South America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 81: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 82: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 84: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
• Exhibit 85: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
• Exhibit 86: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 8.8 US – Market size and forecast 2021-2026
• Exhibit 88: Chart on US – Market size and forecast 2021-2026 ($ billion)
• Exhibit 89: Data Table on US – Market size and forecast 2021-2026 ($ billion)
• Exhibit 90: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on US – Year-over-year growth 2021-2026 (%)

• 8.9 China – Market size and forecast 2021-2026
• Exhibit 92: Chart on China – Market size and forecast 2021-2026 ($ billion)
• Exhibit 93: Data Table on China – Market size and forecast 2021-2026 ($ billion)
• Exhibit 94: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on China – Year-over-year growth 2021-2026 (%)

• 8.10 Germany – Market size and forecast 2021-2026
• Exhibit 96: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
• Exhibit 97: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
• Exhibit 98: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 8.11 India – Market size and forecast 2021-2026
• Exhibit 100: Chart on India – Market size and forecast 2021-2026 ($ billion)
• Exhibit 101: Data Table on India – Market size and forecast 2021-2026 ($ billion)
• Exhibit 102: Chart on India – Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on India – Year-over-year growth 2021-2026 (%)

• 8.12 Poland – Market size and forecast 2021-2026
• Exhibit 104: Chart on Poland – Market size and forecast 2021-2026 ($ billion)
• Exhibit 105: Data Table on Poland – Market size and forecast 2021-2026 ($ billion)
• Exhibit 106: Chart on Poland – Year-over-year growth 2021-2026 (%)
• Exhibit 107: Data Table on Poland – Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 108: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2021 and 2026

10 Vendor Landscape

• 10.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 112: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 113: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 11.3 Accenture Plc 
• Exhibit 115: Accenture Plc – Overview
• Exhibit 116: Accenture Plc – Business segments
• Exhibit 117: Accenture Plc – Key news
• Exhibit 118: Accenture Plc – Key offerings
• Exhibit 119: Accenture Plc – Segment focus

• 11.4 Altair Engineering Inc. 
• Exhibit 120: Altair Engineering Inc. – Overview
• Exhibit 121: Altair Engineering Inc. – Business segments
• Exhibit 122: Altair Engineering Inc. – Key offerings
• Exhibit 123: Altair Engineering Inc. – Segment focus

• 11.5 ALTEN Group 
• Exhibit 124: ALTEN Group – Overview
• Exhibit 125: ALTEN Group – Product / Service
• Exhibit 126: ALTEN Group – Key news
• Exhibit 127: ALTEN Group – Key offerings

• 11.6 Capgemini Service SAS 
• Exhibit 128: Capgemini Service SAS – Overview
• Exhibit 129: Capgemini Service SAS – Business segments
• Exhibit 130: Capgemini Service SAS – Key news
• Exhibit 131: Capgemini Service SAS – Key offerings
• Exhibit 132: Capgemini Service SAS – Segment focus

• 11.7 EPAM Systems Inc. 
• Exhibit 133: EPAM Systems Inc. – Overview
• Exhibit 134: EPAM Systems Inc. – Business segments
• Exhibit 135: EPAM Systems Inc. – Key offerings
• Exhibit 136: EPAM Systems Inc. – Segment focus

• 11.8 HCL Technologies Ltd. 
• Exhibit 137: HCL Technologies Ltd. – Overview
• Exhibit 138: HCL Technologies Ltd. – Business segments
• Exhibit 139: HCL Technologies Ltd. – Key news
• Exhibit 140: HCL Technologies Ltd. – Key offerings
• Exhibit 141: HCL Technologies Ltd. – Segment focus

• 11.9 Infosys Ltd. 
• Exhibit 142: Infosys Ltd. – Overview
• Exhibit 143: Infosys Ltd. – Business segments
• Exhibit 144: Infosys Ltd. – Key news
• Exhibit 145: Infosys Ltd. – Key offerings
• Exhibit 146: Infosys Ltd. – Segment focus

• 11.10 Mahindra and Mahindra Ltd. 
• Exhibit 147: Mahindra and Mahindra Ltd. – Overview
• Exhibit 148: Mahindra and Mahindra Ltd. – Business segments
• Exhibit 149: Mahindra and Mahindra Ltd. – Key news
• Exhibit 150: Mahindra and Mahindra Ltd. – Key offerings
• Exhibit 151: Mahindra and Mahindra Ltd. – Segment focus

• 11.11 Tata Sons Pvt. Ltd. 
• Exhibit 152: Tata Sons Pvt. Ltd. – Overview
• Exhibit 153: Tata Sons Pvt. Ltd. – Business segments
• Exhibit 154: Tata Sons Pvt. Ltd. – Key offerings
• Exhibit 155: Tata Sons Pvt. Ltd. – Segment focus

• 11.12 Wipro Ltd. 
• Exhibit 156: Wipro Ltd. – Overview
• Exhibit 157: Wipro Ltd. – Business segments
• Exhibit 158: Wipro Ltd. – Key news
• Exhibit 159: Wipro Ltd. – Key offerings
• Exhibit 160: Wipro Ltd. – Segment focus

12 Appendix

• 12.2 Inclusions and exclusions checklist 
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 163: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 12.5 List of abbreviations 
• Exhibit 167: List of abbreviations

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