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Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future

Global Engineering Services Outsourcing (ESO) Market Size, Share, Growth, Industry Analysis and Forecast to 2020 - Hexa Research

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 develo pment 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. Browse Details of Report@https://www.hexaresearch.com/research-report/engineeringservices-outsourcing-industry/

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Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future

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 pr oduct 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. Asia Pacific is likely to remain the strong market for ESO due to existence of large talent pool, emerging cost arbitrage and local demand and strong manufacturing base in countries like India and China. From 2016 to 2020, the market in Europe is likely to grow at CAGR for over 24% due to its inclination among various European firms for outsourcing engineering actions within Western European Nations for ensuring Regulatory compliance. Major Industry participants for Engineering Services Outsourcing Market are Infosys Ltd., Wipro, HCL technologies Ltd and Tata Consultancy Services. Other firms operating ESO market are InfoTech Enterprises Ltd., IGATE Corp, Aricent Group, MindTree Ltd., Calsoft Labs, IGATE corp., Tata ELXSI and KPIT Cummins Infosystems Ltd. Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/communication-services-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact: +1-800-489-3075

Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/


Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future

Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

Engineering Services Outsourcing Market Share, Size, Growth and Forecast to 2020 - Hexa Research  

The global Engineering Services Outsourcing market (ESO) is expected to exhibit considerable growth over the forecast period. This can be at...

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