Emergence of India as a Key Destination Propelling Growth in the ESO Market

• The ESO market in the APAC region is expected to grow at a CAGR of 28.75 percent during the period of 2013-2018.
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Engineering Services
Market Research


London City - London, Greater - UK


LONDON - July 23, 2014 - PRLog -- TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Engineering Services Outsourcing (ESO) Market. The market is expected to post a strong CAGR of 28.75 percent percent over the projected period thanks to demand for accelerated innovation and localized production in this region. To calculate the market size, the report considers revenue generated from the ESO services.

ESO refers to the outsourcing of specific engineering tasks to third-party service providers. It helps organizations access skilled engineering professionals worldwide, and develops innovative and cost-effective products in minimal time. ESO enables organizations to develop an economic cost structure, use resources in the best possible way, and focus on core competencies.

Some of the major trends in the ESO market growth as highlighted in the TechNavio reports are:

·         Offshoring to Captive Centers

·         Emergence of India as a Key ESO Destination

·         Increased Competition among Outsourcing Destinations

·         Focus on Improving Domain Expertise

·         ESO Vendors Strengthening their Global Presence

“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 and stay ahead of the curve,” says Faisal Ghaus, Vice President of TechNavio Research.

To determine the market scenario in the next 3-4 years, TechNavio analysts have collected key data related to the ESO market in the APAC region and analyzed these data using a variety of methods. Also, there has been in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Engineering Services Outsourcing (ESO) Market in the APAC Region (http://www.technavio.com/report/global-engineering-servic...), please send an e-mail to media@TechNavio.com.

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Our large and growing base of happy customers include technology suppliers, end users, consulting companies, investment firms, research institutes and media worldwide.

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Tags:Engineering Services, Outsourcing, India, Eso, Market Research
Industry:Engineering, Technology
Location:London City - London, Greater - United Kingdom
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