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
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