London, 23 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Engineering Services Outsourcing Market in India 2015-2019, which is expected to grow at a CAGR of 30% during 2014-2019.
“Customers from different sectors are demanding hybrid solutions, which are a combination of engineering as well as IT solutions,” says Faisal Ghaus, Vice President of Technavio.
“ESO service providers are expected to develop intelligent systems that combine the capabilities of networking, mobility, data processing, and data analysis in a cloud-based platform.”
Key Market Drivers
- Short time-to-market
- Cost arbitrage with advanced capabilities
- Policy support
Key Market Trends
- Near shoring
- Boosting captive centers in India
- Emergence of hybrid solutions (IT and engineering)
- Expanding geographical focus
- Product indigenization and localization
Key Market Vendors
- HCL Technologies Ltd.
- Infosys Ltd.
- TCS Ltd.
- Wipro Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
