Dallas, Texas (PRWEB) July 16, 2014
Countries such as India and China are experiencing significant growth in captive centers of MNCs. According to research studies, over 300 engineering service captives have been started in India recently. These operations account for 50 percent of the Engineering Services market share there, with the remaining 50 percent share held by Indian service providers. Captive centers are just beginning to gain share and momentum in China. MNCs are outsourcing their work to their offshore captives.
Analysts forecast the Engineering Services Outsourcing (ESO) Market in the APAC region will grow at a CAGR of 28.75 percent over the period 2013-2018. According to the report, the growth of the ESO market in the APAC region is driven by many factors, one of which is the need to reduce the time-to-market. In order to sustain in a competitive market, enterprises needs to be ahead of their competitors in terms of innovation. ESO solutions enable these companies to outsource engineering tasks to emerging countries such as India and China, which provide skilled labor at low cost, to reduce the product development cycle.
The ESO market in the APAC region is categorized by the types of services provided: Drafting and 3D Modeling, Engineering Analysis, Product Design and Testing, Design Automation, Control Engineering, Manufacturing Engineering, Embedded Systems, and Plant Design/Process Engineering.
The ESO Market in the APAC Region 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the ESO market in the APAC region landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key Market Driver
- Need to Shorten Time-to-market
Key Market Challenge
- Issues About IP Ownership
Key Market Trend
- Offshoring to Captive Centers
The report also includes a discussion of the other vendors operating in this market. The report recognizes the following companies as the key players in the Engineering Services Outsourcing (ESO) Market in the APAC Region : HCL Technologies Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Wipro Ltd. , Auriga Inc., Altran , Aricent Group , Atos Origin, Beyondsoft Corp., Capgemini SA., Clasoft Labs IndiaPvt.Ltd., Computer Sciences Corp., Cybage Software Pvt. Ltd., Dell Inc., EPAM Systems, GlobalLogic , Hewlett-Packard Co., IBM Corp., iGate Corp., Infotech Enterprises Ltd., KPITCummins Infosystems Ltd., L&T IES, Luxoft , Mindfire Solutions , MindTree Ltd., QuEST Global Services Pte Ltd., Sonata Software Ltd., Symphony Teleca Corp., Tata ELXSI Ltd.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Landscape
07. Market Segmentation by End-users
08. Key Leading Countries
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
17. Key Vendor Analysis
18. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Evolution of Engineering Service Outsourcing Solutions
Exhibit 3: Engineering Services for Electronics, Software, and Embedded Software Product Development
Exhibit 4: Engineering Services for Mechanical and Hardware Product Development
Exhibit 5: ESO Market in APAC 2013-2018 (US$ billion)
Exhibit 6: Outsourced Domains in Aerospace
Exhibit 7: Major Drivers in Aerospace Vertical
Exhibit 8: ESO Market in APAC by Automotive
Exhibit 9: Major Drivers in Automotive Vertical
Exhibit 10: ESO Market in APAC by Consumer Electronics
Exhibit 11: Major Drivers in Consumer Electronics Vertical
Exhibit 12: Outsourced Services in Telecom
Exhibit 13: Major Drivers in Telecom Vertical
Exhibit 14: Global Engineering Service Outsourcing Market by Vendor Segmentation 2013
Exhibit 15: Business Segmentation of HCL Technologies Ltd.
Exhibit 16: Business Segmentation of Infosys Ltd.
Exhibit 17: Business Segmentation of TCS Ltd.
Exhibit 18: Business Segmentation of Wipro Ltd.
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