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 report: https://www.imarcgroup.com/engineering-services-outsourcing-market/requestsample

Engineering Services Outsourcing Market Trends/ Drivers, restraints, and opportunities- 

The rising prevalence of industrial automation, coupled with the increasing adoption of integrated solutions for designing and analyzing engineering systems, represents one of the significant factors bolstering the growth of the engineering services outsourcing market. Moreover, various technological advancements are resulting in improved detailing and modeling of the ESO, which is propelling the market further. Besides this, lockdown restrictions imposed by governing agencies of numerous countries due to the outbreak of the coronavirus disease (COVID-19) has resulted in the increasing adoption of the work from home model. This is further anticipated to strengthen the market growth.

Key Market Segmentation/ Report Segmentation/ Key Highlights of the Report/ Key Features of the Report:

Breakup by Service:

  • Designing
  • Prototyping
  • System Integration
  • Testing
  • Others

Breakup by Location:

  • Onshore
  • Offshore

Breakup by Application:

  • Aerospace
  • Automotive
  • Construction
  • Consumer Electronics
  • Semiconductors
  • Pharmaceuticals
  • Telecom
  • Others

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=2682&flag=C

Breakup by Region:

On the basis of region, the industry is divided into/ On the basis of region, the market is divided into/ On the basis of regional analysis, the market includes/ Regional Insights/ Regional Analysis/ Regions Covered

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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