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The global engineering services outsourcing market was valued at US$ 1,030 Billion in 2021.
We expect the global engineering services outsourcing market to exhibit a CAGR of 18.8% during 2022-
The increasing level of industrial automation, along with the rising adoption of integrated solutions for
analyzing and designing engineering systems, is primarily driving the global engineering services
The sudden outbreak of the COVID-19 pandemic has led to the growing popularity of remote working
model, thereby increasing the demand for engineering outsourcing services to maintain the workflow
across several organizations and to remotely monitor the devices.
Based on the service, the global engineering services outsourcing market can be segmented into
designing, prototyping, system integration, testing, and others. Among these, testing currently holds the
majority of the total market share.
Based on the location, the global engineering services outsourcing market has been divided into onshore
and offshore. Currently, onshore exhibits a clear dominance in the market.
Based on the application, the global engineering services outsourcing market can be categorized into
aerospace, automotive, construction, consumer electronics, semiconductors, pharmaceuticals, telecom,
and others. Among these, the automotive industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global engineering services outsourcing market include Accenture Plc,
Altair Engineering Inc., ALTEN, Cybage Software Pvt. Ltd., EPAM Systems Inc., HCL Technologies Limited,
Infosys Ltd., QuEST Global Services Pte. Ltd., Sonata Software Limited, Tata Consultancy Services
Limited, Tech Mahindra Limited (Mahindra Group), and Wipro Limited.
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