Global Engineering Services Outsourcing Market Forecast 2016: Radiant Insights, Inc

Global Engineering Services Outsourcing Market

Global Engineering Services Outsourcing Market Share, Size, Analysis, Trends, Growth, Segmented Forecasts and Outlook 2015-2019

ESO refers to the outsourcing of specific engineering services. Engineering services are considered as a critical part of different verticals. Technavios market research analysts expect the global engineering services outsourcing (ESO) to grow at a CAGR of close to 27% until 2019.

Due to the lack of expertise and increasing pressure to reduce costs, companies have started outsourcing their engineering services requirements. The inherent benefits of cost advantages offered by engineering services outsourcing is a key criteria for businesses, and India being able to offer both of these due to its people strength with good match of skill sets required for engineering services has a emerged as an attractive destination in this market.

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Key challenges faced by the global engineering services outsourcing market

Protecting IP is one of the major challenges confronting the Global ESO market. Outsourcing engineering tasks to other countries raises IP concerns, given the several risks associated with theft, or misuse of trade secrets, or loss of IP rights.

ESOs just work on the products of their customers and they dont own them. Any innovation that emerges out as a result of the work carried out belongs to the third-party service provider. Therefore, the enterprises that outsource their engineering services to third-party vendors always have concerns for IP loss as the service providers serve multiple customers that can be competitors. In addition, various types of IP assets such as trade secrets, trademarks, industrial design, patents, and copyrights are put into use in an offshore outsourcing agreement.

Table of Content

PART 01: Executive summary

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PART 02: Scope ofthe report
Market overview
Top vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Evolution of ESO solutions
Market size and forecast
Five forces analysis
PART 06: Market segmentation by service
PART 07: Market segmentation by vertical
PART 08: Market segmentation by outsourced destinations

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