The Report Contains Engineering Services Outsourcing (ESO) Market Size, By Application (Aerospace, Automotive, Construction, Consumer Electronics, Semiconductors, Pharmaceuticals, Telecom), Competitive Analysis & Forecast, 2012 - 2020 Industry Overview Global engineering services outsourcing (ESO) market size is anticipated to reach USD 415.74 billion by 2020, growing at a CAGR of over 29% from 2014 to 2020. Escalating focus on performance, convergence, reliability and safety is likely to drive growth over the forecast period. Increasing mergers between OEMs and suppliers is estimated to be the key driver. Innovation along with need of high environmental safety and sustainability standards are prominent factors for demand growth. Dynamic customer behavior is likely to increase new product development thereby shortening product life cycles to match pace with industry participants. For instance, Apple Inc. releases new models of iPhones every year, which possess enhanced features in comparison with their predecessors, thereby pushing them in the decline phase of the product life cycle faster. However, intellectual property confidentiality and security threat are anticipated to serve as key industry restraint for the global engineering services outsourcing market. It may result in significant losses for the business thus; companies have to exert a high degree of vigilance to avoid the theft. End-Use industries such as aerospace, semiconductors and consumer electronics exhibit high growth opportunities owing to low penetration rate in these sectors.North America ESO market, by end-use, 2012-2020 (USD Billion)End-Use Overview Typical end-use industries that outsource their engineering tasks to ESO vendors include aerospace, automotive, construction, consumer electronics, pharmaceuticals, semiconductors, telecom and others. Telecom sector was the largest application segment in the ESO market and was valued over USD 16 billion in 2013. It is expected to grow at a CAGR of over 30% from 2014 to 2020 owing to outsourcing of designing work from India. The need for convergence of technologies, proliferation in the number of broadband subscribers and the requirement of shorter time-to-market are some factors responsible for telecom vendors resorting to ESO providers for carrying out their engineering tasks. Automotive application was valued over USD 12 billion in 2013 and estimated to be valued over USD 70.0 billion by 2020. Rigorous safety and efficiency standards are driving demand over the forecast period. Regional Overview Asia Pacific engineering services outsourcing market lead demand with assessment of over USD 34.00 billion in 2013, and it is anticipated to reach over 220.00 billion by 2020, growing at a CAGR of over 30% from 2014 to 2020. The growth can be attributed to significant number of outsourced service initiatives this region. Europe engineering services outsourcing market was the second largest region and valued over USD 15.00 billion in 2013. It is estimated to grow at a CAGR of over 29% from 2014 to 2020 owing to large scale outsourcing activities. Thus, it assists in maintaining regulatory scenario in the region. Competitive Market Share The global engineering services outsourcing market share is highly consolidated, with respect to the top four companies. In 2013, HCL accounted for more than 30% of the overall industry share. The company has an extensive product portfolio and caters to a wide range of industries including consumer electronics, telecommunication and aerospace & defense. HCL launched Engineering out of the Box (EOOTB) solutions, which focus on value centricity and user experience. This is targeted at providing a cohesive platform to customers, which is beneficial for its ESO offering. Other major companies include Wipro, Infosys Limited and Tata Consultancy Services.
Table of Contents Chapter 1 Executive Summary Chapter 2 ESO Industry Overview 2.1 Market segmentation 2.2 Market Size and Growth Prospects 2.2.1 Outsourcing classification 2.2.2 ESO market trends, Onshore v/s Offshore, 2012 - 2020 2.3 ESO - Value Chain Analysis 2.3.1 ESO services evolution 2.4 ESO – Market dynamics 2.4.1 Market driver analysis 220.127.116.11 Increased tie-ups between automotive OEMs and suppliers 18.104.22.168 Cost reduction pressures 22.214.171.124 Shorter product life cycles 2.4.2 Market restraint analysis 126.96.36.199 Intellectual Property (IP) confidentiality and security threats 2.5 Key opportunities - Prioritized 2.6 Industry Analysis – Porter’s 2.7 ESO – Key company analysis, 2013 2.8 ESO PESTEL Analysis Chapter 3 ESO End-Use Overview 3.1 ESO market share by end-use, 2013 & 2020 3.2 Aerospace 3.3 Automotive 3.4 Construction 3.5 Consumer Electronics 3.6 Semiconductors 3.7 Pharmaceuticals 3.8 Telecom 3.9 Others Chapter 4 ESO Regional Overview 4.1 ESO market share by region, 2013 & 2020 4.2 North America 4.2.1 Market estimates and forecast by end-use, 2012 – 2020 4.3 Europe 4.3.1 Market estimates and forecast by end-use, 2012 – 2020 4.4 Asia Pacific 4.4.1 Market estimates and forecast by end-use, 2012 – 2020 4.5 RoW 4.5.1 Market estimates and forecast by end-use, 2012 – 2020 Chapter 5 Competitive Landscape 5.1 Aricent Group 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Calsoft Labs 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 Cybage Software Pvt. Ltd. 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 EPAM Systems Inc. 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 GlobalLogic Inc. 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 HCL Technologies 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 Infosys Ltd. 5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 Cyient (Infotech Enterprises Ltd.) 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 IGATE Corp 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 KPIT Technologies Limited (KPIT Cummins Infosystems Ltd.) 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Luxoft 5.11.1 Company Overview 5.11.2 Financial Performance 5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives 5.12 Mindfire Solutions 5.12.1 Company Overview 5.12.2 Financial performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives 5.13 MindTree Ltd. 5.13.1 Company Overview 5.13.2 Financial performance 5.13.3 Product Benchmarking 5.13.4 Strategic Initiatives 5.14 QuEST Global Services Pte. Ltd. 5.14.1 Company Overview 5.14.2 Financial Performance 5.14.3 Product Benchmarking 5.14.4 Strategic Initiatives 5.15 Sonata Software 5.15.1 Company Overview 5.15.2 Financial Performance 5.15.3 Product Benchmarking 5.15.4 Strategic Initiatives 5.16 Symphony Teleca 5.16.1 Company Overview 5.16.2 Financial Performance 5.16.3 Product Benchmarking 5.16.4 Strategic Initiatives 5.17 Tata Elxsi 5.17.1 Company Overview 5.17.2 Financial Performance 5.17.3 Product Benchmarking 5.17.4 Strategic Initiatives 5.18 Tata Consultancy Services 5.18.1 Company Overview 5.18.2 Financial Performance 5.18.3 Product Benchmarking 5.18.4 Strategic Initiatives 5.19 Tech Mahindra 5.19.1 Company Overview 5.19.2 Financial Performance 5.19.3 Product Benchmarking 5.19.4 Strategic Initiatives 5.20 Pactera Technology International Ltd. (Vanceinfo Technologies Inc.) 5.20.1 Company Overview 5.20.2 Financial Performance 5.20.3 Product Benchmarking 5.20.4 Strategic Initiatives 5.21 Wipro Ltd. 5.21.1 Company Overview 5.21.2 Financial Performance 5.21.3 Product Benchmarking 5.21.4 Strategic Initiatives Chapter 6 Methodology and Scope 6.1 Research Methodology 6.2 Research Scope & Assumptions 6.3 List of Data Sources
List of Tables TABLE 1 ESO – Industry Summary & Critical Success Factors (CSFs) TABLE 2 Global ESO market revenue, (USD Billion), 2012 - 2020 TABLE 3 Global ESO market revenue by region, (USD Billion), 2012 - 2020 TABLE 4 Offshoring Environment Rankings, 2005 TABLE 5 Global ESO market revenue by end-use, (USD Billion), 2012 - 2020 TABLE 6 ESO – Key market driver impact TABLE 7 ESO – Key market restraint impact TABLE 8 Global ESO market demand in aerospace (USD Billion), 2012 - 2020 TABLE 9 Global ESO market demand in aerospace by region (USD Billion), 2012 - 2020 TABLE 10 Outsourcing maturity in aerospace TABLE 11 Global ESO market demand in automotive (USD Billion), 2012 - 2020 TABLE 12 Global ESO market demand in automotive by region (USD Billion), 2012 - 2020 TABLE 13 Global ESO market demand in construction (USD Billion), 2012 - 2020 TABLE 14 Global ESO market demand in construction by region (USD Billion), 2012 - 2020 TABLE 15 Global ESO market demand in consumer electronics (USD Billion), 2012 - 2020 TABLE 16 Global ESO market demand in consumer electronics by region (USD Billion), 2012 - 2020 TABLE 17 Global ESO market demand in semiconductors (USD Billion), 2012 - 2020 TABLE 18 Global ESO market demand in semiconductors by region (USD Billion), 2012 - 2020 TABLE 19 Global ESO market demand in pharmaceuticals (USD Billion), 2012 - 2020 TABLE 20 Global ESO market demand in pharmaceuticals by region (USD Billion), 2012 - 2020 TABLE 21 Global ESO market demand in telecom (USD Billion), 2012 - 2020 TABLE 22 Global ESO market demand in telecom by region (USD Billion), 2012 - 2020 TABLE 23 Global ESO market demand in other applications (USD Billion), 2012 - 2020 TABLE 24 Global ESO market demand in other applications by region (USD Billion), 2012 - 2020 TABLE 25 North America ESO market by end-use (USD Billion), 2012 – 2020 TABLE 26 Europe ESO market by end-use (USD Billion), 2012 – 2020 TABLE 27 Asia Pacific ESO market by end-use (USD Billion), 2012 – 2020 TABLE 28 RoW ESO market by end-use (USD Billion), 2012 – 2020
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