Global Engineering Services Outsourcing Market Size Worth US$ 2,793 Billion by 2027
According to the new market research report by IMARC Group, the global engineering services outsourcing (ESO) market size reached US$ 1,030 Billion in 2021. Looking forward, the market expected to reach US$ 2,793 Billion by 2027, exhibiting a CAGR of 18.8% during 2022-2027. Engineering services outsourcing (ESO) refers to the process of hiring non-physical engineering functions from an external source. It is needed from the initial stages of the product design and development process and utilizes several information-technology (IT)-based databases and tools. It finds extensive application in the network and communications, industrial automation, remote device monitoring, and supply chain and product cycle management worldwide. COVID-19 scenario- We are constantly tracing and assessing the impact of the COVID-19 pandemic on the industry. These influences have been covered in our report as significant market contributors. Download a free sample report to get a detailed overview of the r...