Boston, MA -- (SBWIRE) -- 07/23/2014 -- ESO refers to the outsourcing of specific engineering tasks to third-party service providers. Though engineering services are a critical part of any vertical, the recent economic downturn and the need to survive in extremely competitive market environments has forced organizations to outsource them to ESO vendors. ESO enables organizations to develop innovative and cost-effective engineering products in minimal time. Also, ESO services help organizations access talented and skilled engineering professionals from across the world. Thus, ESO enables organizations to develop an economic cost structure, use resources in the best possible way, and focus on core competencies.

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TechNavio's analysts forecast the Global ESO market will grow at a CAGR of 25.65 percent over the period 2013-2018.

Covered in this Report

The Global ESO market is categorised by types of services: Drafting and 3D Modeling, Engineering Analysis, Product Design and Testing, Design Automation, Control Engineering, Manufacturing Engineering, Embedded Systems, Plant Design/Process Engineering.

TechNavio's report, Global ESO Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers Global ESO market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

- HCL Technologies Ltd
- Infosys Ltd
- Tata Consultancy Services Ltd
- Wipro Ltd

Other Prominent Vendors

- Auriga Inc.
- Altran
- Aricent Group
- Atos Origin
- Beyondsoft Corp.
- Capgemini SA.
- Clasoft Labs India Pvt. Ltd
- Computer Sciences Corp.
- Cybage Software Pvt. Ltd
- Dell Inc.
- EPAM Systems
- GlobalLogic
- Hewlett-Packard Co.
- IBM Corp.
- Infotech Enterprises Ltd
- iGate Corp.
- KPIT Cummins Infosystems Ltd
- Luxoft
- L&T IES
- MindTree Ltd
- Mindfire Solutions
- QuEST Global Services Pte. Ltd
- Sonata Software Ltd
- Symphony Teleca Corp.
- Tata ELXSI Ltd

Key Market Driver

- Need for Cost Reduction.
- For a full, detailed list, view our report.

Key Market Challenge

- Issues Pertaining to IP Ownership.
- For a full, detailed list, view our report.

Key Market Trend

- Offshoring to Captive Centers.
- For a full, detailed list, view our report.

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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: HCL Technologies Ltd, Infosys Ltd, Tata Consultancy Services Ltd, Wipro Ltd, Auriga Inc., Altran, Aricent Group, Atos Origin, Beyondsoft Corp., Capgemini SA., Clasoft Labs India Pvt.Ltd, Computer Sciences Corp., Cybage Software Pvt. Ltd, Dell Inc., EPAM Systems, GlobalLogic, Hewlett-Packard Co., IBM Corp., Infotech Enterprises Ltd, iGate Corp., KPITCummins Infosystems Ltd, Luxoft, L&T IES, MindTree Ltd, Mindfire Solutions, QuEST Global Services Pte. Ltd, Sonata Software Ltd, Symphony Teleca Corp., Tata ELXSI Ltd

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