Lewes, DE -- (SBWIRE) -- 01/22/2016 -- Report forecast the ESO market in the US to grow at a CAGR of 22.7% during the period 2016-2020.

Engineering service providers are aggressively working to enhance their capabilities through expanding their service offerings along with technology consulting services and IP-based solutions to sustain in the competition. The market is evolving with more mature outsourcing/delivery models and strategy formulation for nurturing sector-specific talent and M&A.

Engineering service providers are working to bring the best out of the outsourcing relationship in the value chain. OEMs in the US that outsource their engineering services expect enhanced capabilities, such as understanding both business outcomes and technology. Co-innovation, co-engineering capabilities, and co-investment partnerships are likely to be the most attractive USPs for service providers in the ESO market in the US.

The report covers the present scenario and the growth prospects of the engineering services outsourcing (ESO) market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from engineering services outsourcing. It presents the vendor landscape and a corresponding detailed analysis of the top seven vendors in the ESO market in the US.

According to the report, global firms are increasingly spending on product customization to address local needs. Globalization has allowed firms to foray into new markets that are less mature. These markets demand product localization. Local service providers help clients in ideating new products to suit the local market.

Further, the report states that protecting intellectual property (IP) is a major challenge for vendors in the ESO market.

Engineering Services Outsourcing (ESO) Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Engineering Services Outsourcing (ESO) Market in the US: HCL Technologies, Infosys, KPIT, QuEST Global, Tata Elxsi, TCS and Tech Mahindra

Other Prominent Vendors in the market are: Altran, Aricent Group, Atos Origin, Beyondsoft, Capgemini, Clasoft Labs, Clasoft Labs India, Computer Sciences Corporation, Cybage Software, GlobalLogic, HP, iGate, Infotech Enterprises, L&T, Luxoft, Mindfire Solutions, MindTree, Neilsoft, Sonata Software, Symphony, Vanceinfo Technologies, Xchanging and Wipro

Market driver
- Demand for product localization
- For a full, detailed list, view our report

Market challenge
- Issues pertaining to IP ownership
- For a full, detailed list, view our report

Market trend
- Rise in engineering analytics
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 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?

Spanning over 89 pages and 32 Exhibit "Engineering Services Outsourcing Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Find more information Visit at: http://www.marketresearchreports.com/technavio/engineering-services-outsourcing-market-us-2016-2020

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