TechNavio today launched its report Engineering Service Outsourcing Market in India 2011-2014 based on an in-depth study. The report aims to aid decision makers™ understand of the present and the future landscape of Engineering Service Outsourcing market in India.
Commenting on the report, an analyst from TechNavio™s IT Services team said, The Manufacturing sector in the West is facing difficult times and is looking for an economical cost structure as a survival strategy. With the existing crisis in the Manufacturing sector globally, manufacturers are gravitating toward India in a search for inexpensive development and design solutions. India is also a recognized emerging innovation location with a flexible talent pool and cost advantages. Earlier, global firms were reluctant to hand this process over to an outsourcing partner. However, attitudes are changing because India has managed to understand the process severity, has established result-oriented governance models, and has a large proportion of English-speaking working population.
According to the report, most companies in India have invested heavily in technology to develop advanced capabilities and skill sets. India, with its natural competitive advantage, is likely to play a major role in various segments of the ESO market, which is on a course of rapid growth. The major sectors that spend heavily on outsourcing engineering services are Automotive, Telecom, and Construction.
The report also discusses that one of the most crucial challenges for the growth of Engineering Service Outsourcing market in India is developing the requisite talent for ESO.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/engineering-service-outsourcing-market-indi…
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TechNavio Announces the Publication of its Report – Engineering Service Outsourcing Market in India 2011-2014
