European Engineering Services Outsourcing (ESO) Market Is Expected To Grow At A CAGR Of Over 25% From 2014 To 2020: Grand View Research, Inc.

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Global Engineering Services Outsourcing (ESO)
Market Expected to Reach USD 415.74 Billion by
2020

• Grand View Research has announced the addition of
  "Global Engineering Services Outsourcing Market
  Analysis And Segment Forecasts To 2020" Market
  Research report to their Database

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• The global engineering services outsourcing
  (ESO) market (http//www.grandviewresearch.com/ind
  ustry-analysis/engineering-services-outsourcing-ma
  rket) is expected to reach USD 415.74 billion by
  2020, according to a new study by Grand View
  Research, Inc. Increased cost pressures on global
  firms resulting in constrained RD budgets is a
  primary driver for market growth over the
  forecast period. Additionally, shorter product
  life cycles owing to dynamic consumer buying
  behavior are also expected to favorably impact
  market growth.
• Enhancement in production process, cost
  advantage and lowered time-to-market are some of
  the other factors expected to boost market
  growth. Threat of intellectual property (IP)
  theft may pose a challenge to industry growth as
  it results in significant losses for businesses.
  Legal enforcements in a few offshore locations
  make it difficult for prosecuting firms which
  misuse confidential data and patents.
• The report Engineering Services Outsourcing
  Market Analysis By End-Use (Aerospace,
  Automotive, Construction, Consumer Electronics,
  Semiconductors, Pharmaceuticals, Telecom) And
  Segment Forecasts To 2020, is available now to
  Grand View Research customers and can also be
  purchased directly at http//www.grandviewresearch
  .com/industry-analysis/engineering-services-outsou
  rcing-market

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• Further key findings from the study suggest
• ESO demand in telecom accounted for over 20 of
  the overall market in 2013. Telecommunications
  service providers have been implementing
  operations and business support systems for
  ensuring smooth business operations. This
  requires significant back-end expertise and
  equipment, thus propelling the use of ESO in
  systems. The consumer electronics segment is
  expected to witness the fastest growth over the
  forecast period. This can be primarily attributed
  to drastic reduction in product life cycles,
  forcing companies to bring about product
  innovations at a faster rate.
• Asia Pacific was the largest regional market in
  2013, accounting for over 50 of the total
  demand it is further expected to remain the
  market leader over the forecast period. This is
  mainly on account of the presence of a large
  talent pool, strong manufacturing base, emerging
  local demand and cost arbitrage in countries such
  as China and India. The market in Europe is
  expected to grow at a CAGR of over 25 from 2014
  to 2020, owing to an inclination among several
  European firms to outsource engineering
  activities within the same country or within
  Western European nations for ensuring regulatory
  compliance.
• Key industry participants include HCL
  Technologies Ltd, Wipro, Tata Consultancy
  Services and Infosys Ltd. Other companies
  operating in the market include VanceInfo
  Technologies Inc., Tata ELXSI, QuEST Global,
  MindTree Ltd., KPIT Cummins Infosystems Ltd.,
  Infotech Enterprises Ltd., IGATE Corp.,
  GlobalLogic, EPAM Services, Cybage Software Pvt.
  Ltd., Calsoft Labs, Aricent Group, etc.
• For More http//www.grandviewresearch.com/industry
  -analysis/engineering-services-outsourcing-market

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• Request free sample of this Report _at_
  http//www.grandviewresearch.com/industry-analysis
  /engineering-services-outsourcing-market/request
• For the purpose of this study, Grand View
  Research has segmented the global engineering
  services outsourcing market on the basis of
  end-use and region
• ESO End-Use Outlook (Revenue, USD Billion,
  2012 2020)
• Aerospace
• Automotive
• Construction
• Consumer Electronics
• Semiconductors
• Pharmaceuticals
• Telecom
• Others
• ESO Regional Outlook (Revenue, USD Billion,
  2012 2020)
• North America
• Europe
• Asia Pacific
• RoW

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• About Grand View Research
• Grand View Research, Inc. is a market research
  and consulting company that provides
  off-the-shelf, customized research reports and
  consulting services. To help clients make
  informed business decisions, we offer market
  intelligence studies ensuring relevant and
  fact-based research across a range of industries,
  from technology to chemicals, materials and
  energy. With a deep-seated understanding of
  varied business environments, Grand View Research
  provides strategic objective insights. For more
  information, visit http//www.grandviewresearch.co
  m/
• Contact
• Sherry James
• Corporate Sales Specialist, USA
• Grand View Research, Inc
• Phone [phone]
• Email sales_at_grandviewresearch.com