Authored By: Sarah
24 Sep 2023

US Engineering Services Outsourcing Market Share to Grow by USD 60.76 Billion During 2021-2025

The engineering services outsourcing market share in the US is expected to grow by USD 60.76 billion, accelerating at a CAGR of almost 23% during the forecast period. The cost efficiencies will offer immense growth opportunities to market vendors. In addition, the demand for the short product lifecycle causing stress on capacity is the major engineering services outsourcing market trend that will positively influence the market growth.

However, the concerns about lack of quality control may hamper the market growth. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Engineering Services Outsourcing Market Analysis in US 2021-2025: View Free Sample Report


US Engineering Services Outsourcing Market Share to Grow by USD 60.76 Billion During 2021-2025

Engineering Services Outsourcing Market In the US: The US to lead market growth during the forecast period

  • The engineering services outsourcing market in the US is segmented by end-user (telecom, automotive, healthcare, aerospace, and others) and sourcing (offshore and onshore).
  • The growth of the market in the telecom segment will be significant during the forecast period. 
  • The US will record a fast growth rate during 2021-2025, and the country will offer several growth opportunities to market vendors.

Engineering Services Outsourcing Market In the US: Key Competitors

The market is fragmented due to the presence of several players. Accenture Plc, ALTEN Group, Capgemini SE, Cognizant Technology Solutions Corp., HCL Technologies Ltd., Infosys Ltd., QuEST Global Services Pte. Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd. are some of the major engineering services outsourcing market vendors in the US. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report

Engineering Services Outsourcing Market In the US: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive the engineering services outsourcing market growth in the US during the next five years
  • Precise estimation of the engineering services outsourcing market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the engineering services outsourcing industry across the US
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the engineering services outsourcing market vendors in the US.
Read News Read Less
Interested in this report?
Get your sample now!
Technavio