The Asia Pacific Engineering Services Outsourcing Market would witness market growth of 23.2% CAGR during the forecast period (2022-2028).
One of the major factors driving the adoption of engineering services outsourcing is the expanding cooperation between Original Equipment Manufacturers (OEM) and Engineering Service Providers (ESP). The market is also estimated to grow as a result of R&D advances, rising demand for integrating the most delinquent technologies into product offerings, and the growing desire to shorten product lifecycles and cut costs. The ESO market has been steadily expanding, reflecting consumers' intense tendency to outsource various services as part of cost-cutting initiatives.
Following that, the ESO model was created to provide smart solutions to clients. The ESO industry has seen a shift away from basic engineering services and toward embedded engineering solutions, which combine analytics, automation, and the internet of things, among other things. In addition, technical improvements have made Platform-as-a-Service (PaaS) plans with integrated IT solutions possible. The leading ESO industry players have incorporated various delivery systems into their business strategies as a result of global R&D operations.
China is the world's largest e-commerce market, accounting for over half of all transactions. China's online retail transactions surpassed more than 710 million digital customers in 2020 and transactions totaled $2.29 trillion in the same year, with projections of $3.56 trillion by 2024. China's e-commerce market is expected to surpass various consumer electronics markets by 2021. Furthermore, e-commerce sales in China are estimated to make up 52% of retail sales in 2021, making it the first nation in the world to have more online sales than conventional retail sales.
China's State Council issued the Antitrust Guidelines for the Platform Economy in February 2021. This measure was made in reaction to the rise of the digital economy, according to the Chinese government, with the goal of ending monopolistic behavior and promoting the long-term and healthy growth of eCommerce. Alibaba was penalized $2.8 billion by the State Administration of Market Regulation (SAMR) in April 2021 after the business was found to have misused its dominating market position. Due to the robust consumer electronics sector of regional countries along with the enhanced government support and regulatory policies, the employment of engineering outsourcing services is estimated to surge in the region.
The China market dominated the Asia Pacific Engineering Services Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $563.4 Billion by 2028. The Japan market is experiencing a CAGR of 22.4% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 24% during (2022 - 2028).
Based on Service, the market is segmented into Testing, Prototyping, Designing, System Integration, and Others. Based on Location, the market is segmented into On-shore and Off-shore. Based on Application, the market is segmented into Industrial, Automotive, Semiconductors, Telecom, Aerospace, Healthcare, Consumer Electronics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Engineering Services Outsourcing Market is Predict to reach $5 Trillion by 2028, at a CAGR of 22.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wipro Limited, HCL Technologies Ltd. (HCL Enterprises), Capgemini SE, Infosys Limited, Tata Consultancy Services Ltd., Tech Mahindra Limited, Tata Elxsi Limited, Entelect Software (Pty) Ltd., AKKA Technologies SE, and ALTEN.
Scope of the Study
Market Segments Covered in the Report:
By Service
- Testing
- Prototyping
- Designing
- System Integration
- Others
By Location
By Application
- Industrial
- Automotive
- Semiconductors
- Telecom
- Aerospace
- Healthcare
- Consumer Electronics
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Wipro Limited
- HCL Technologies Ltd. (HCL Enterprises)
- Capgemini SE
- Infosys Limited
- Tata Consultancy Services Ltd.
- Tech Mahindra Limited
- Tata Elxsi Limited
- Entelect Software (Pty) Ltd.
- AKKA Technologies SE
- ALTEN
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Engineering Services Outsourcing Market, by Service
1.4.2 Asia Pacific Engineering Services Outsourcing Market, by Location
1.4.3 Asia Pacific Engineering Services Outsourcing Market, by Application
1.4.4 Asia Pacific Engineering Services Outsourcing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Asia Pacific Engineering Services Outsourcing Market by Service
4.1 Asia Pacific Testing Market by Country
4.2 Asia Pacific Prototyping Market by Country
4.3 Asia Pacific Designing Market by Country
4.4 Asia Pacific System Integration Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Engineering Services Outsourcing Market by Location
5.1 Asia Pacific On-shore Market by Country
5.2 Asia Pacific Off-shore Market by Country
Chapter 6. Asia Pacific Engineering Services Outsourcing Market by Application
6.1 Asia Pacific Industrial Market by Country
6.2 Asia Pacific Automotive Market by Country
6.3 Asia Pacific Semiconductors Market by Country
6.4 Asia Pacific Telecom Market by Country
6.5 Asia Pacific Aerospace Market by Country
6.6 Asia Pacific Healthcare Market by Country
6.7 Asia Pacific Consumer Electronics Market by Country
6.8 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Engineering Services Outsourcing Market by Country
7.1 China Engineering Services Outsourcing Market
7.1.1 China Engineering Services Outsourcing Market by Service
7.1.2 China Engineering Services Outsourcing Market by Location
7.1.3 China Engineering Services Outsourcing Market by Application
7.2 Japan Engineering Services Outsourcing Market
7.2.1 Japan Engineering Services Outsourcing Market by Service
7.2.2 Japan Engineering Services Outsourcing Market by Location
7.2.3 Japan Engineering Services Outsourcing Market by Application
7.3 India Engineering Services Outsourcing Market
7.3.1 India Engineering Services Outsourcing Market by Service
7.3.2 India Engineering Services Outsourcing Market by Location
7.3.3 India Engineering Services Outsourcing Market by Application
7.4 South Korea Engineering Services Outsourcing Market
7.4.1 South Korea Engineering Services Outsourcing Market by Service
7.4.2 South Korea Engineering Services Outsourcing Market by Location
7.4.3 South Korea Engineering Services Outsourcing Market by Application
7.5 Singapore Engineering Services Outsourcing Market
7.5.1 Singapore Engineering Services Outsourcing Market by Service
7.5.2 Singapore Engineering Services Outsourcing Market by Location
7.5.3 Singapore Engineering Services Outsourcing Market by Application
7.6 Malaysia Engineering Services Outsourcing Market
7.6.1 Malaysia Engineering Services Outsourcing Market by Service
7.6.2 Malaysia Engineering Services Outsourcing Market by Location
7.6.3 Malaysia Engineering Services Outsourcing Market by Application
7.7 Rest of Asia Pacific Engineering Services Outsourcing Market
7.7.1 Rest of Asia Pacific Engineering Services Outsourcing Market by Service
7.7.2 Rest of Asia Pacific Engineering Services Outsourcing Market by Location
7.7.3 Rest of Asia Pacific Engineering Services Outsourcing Market by Application
Chapter 8. Company Profiles
8.1 Wipro Limited
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 HCL Technologies Ltd. (HCL Enterprises)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Geographical Expansions:
8.3 Capgemini SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.4 Infosys Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 Tata Consultancy Services Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Tech Mahindra Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Tata Elxsi Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 Entelect Software (Pty) Ltd.
8.8.1 Company Overview
8.9 AKKA Technologies SE
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Acquisition and Mergers:
8.10. ALTEN
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Recent strategies and developments:
8.10.3.1 Acquisition and Mergers:
TABLE 1 Asia Pacific Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 2 Asia Pacific Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 3 Partnerships, Collaborations and Agreements– Engineering Services Outsourcing Market
TABLE 4 Acquisition and Mergers– Engineering Services Outsourcing Market
TABLE 5 Asia Pacific Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 6 Asia Pacific Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 7 Asia Pacific Testing Market by Country, 2018 - 2021, USD Billion
TABLE 8 Asia Pacific Testing Market by Country, 2022 - 2028, USD Billion
TABLE 9 Asia Pacific Prototyping Market by Country, 2018 - 2021, USD Billion
TABLE 10 Asia Pacific Prototyping Market by Country, 2022 - 2028, USD Billion
TABLE 11 Asia Pacific Designing Market by Country, 2018 - 2021, USD Billion
TABLE 12 Asia Pacific Designing Market by Country, 2022 - 2028, USD Billion
TABLE 13 Asia Pacific System Integration Market by Country, 2018 - 2021, USD Billion
TABLE 14 Asia Pacific System Integration Market by Country, 2022 - 2028, USD Billion
TABLE 15 Asia Pacific Others Market by Country, 2018 - 2021, USD Billion
TABLE 16 Asia Pacific Others Market by Country, 2022 - 2028, USD Billion
TABLE 17 Asia Pacific Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 18 Asia Pacific Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 19 Asia Pacific On-shore Market by Country, 2018 - 2021, USD Billion
TABLE 20 Asia Pacific On-shore Market by Country, 2022 - 2028, USD Billion
TABLE 21 Asia Pacific Off-shore Market by Country, 2018 - 2021, USD Billion
TABLE 22 Asia Pacific Off-shore Market by Country, 2022 - 2028, USD Billion
TABLE 23 Asia Pacific Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 24 Asia Pacific Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 25 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Billion
TABLE 26 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Billion
TABLE 27 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Billion
TABLE 28 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Billion
TABLE 29 Asia Pacific Semiconductors Market by Country, 2018 - 2021, USD Billion
TABLE 30 Asia Pacific Semiconductors Market by Country, 2022 - 2028, USD Billion
TABLE 31 Asia Pacific Telecom Market by Country, 2018 - 2021, USD Billion
TABLE 32 Asia Pacific Telecom Market by Country, 2022 - 2028, USD Billion
TABLE 33 Asia Pacific Aerospace Market by Country, 2018 - 2021, USD Billion
TABLE 34 Asia Pacific Aerospace Market by Country, 2022 - 2028, USD Billion
TABLE 35 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Billion
TABLE 36 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Billion
TABLE 37 Asia Pacific Consumer Electronics Market by Country, 2018 - 2021, USD Billion
TABLE 38 Asia Pacific Consumer Electronics Market by Country, 2022 - 2028, USD Billion
TABLE 39 Asia Pacific Others Market by Country, 2018 - 2021, USD Billion
TABLE 40 Asia Pacific Others Market by Country, 2022 - 2028, USD Billion
TABLE 41 Asia Pacific Engineering Services Outsourcing Market by Country, 2018 - 2021, USD Billion
TABLE 42 Asia Pacific Engineering Services Outsourcing Market by Country, 2022 - 2028, USD Billion
TABLE 43 China Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 44 China Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 45 China Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 46 China Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 47 China Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 48 China Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 49 China Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 50 China Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 51 Japan Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 52 Japan Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 53 Japan Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 54 Japan Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 55 Japan Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 56 Japan Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 57 Japan Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 58 Japan Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 59 India Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 60 India Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 61 India Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 62 India Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 63 India Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 64 India Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 65 India Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 66 India Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 67 South Korea Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 68 South Korea Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 69 South Korea Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 70 South Korea Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 71 South Korea Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 72 South Korea Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 73 South Korea Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 74 South Korea Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 75 Singapore Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 76 Singapore Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 77 Singapore Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 78 Singapore Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 79 Singapore Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 80 Singapore Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 81 Singapore Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 82 Singapore Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 83 Malaysia Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 84 Malaysia Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 85 Malaysia Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 86 Malaysia Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 87 Malaysia Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 88 Malaysia Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 89 Malaysia Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 90 Malaysia Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 91 Rest of Asia Pacific Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 92 Rest of Asia Pacific Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 93 Rest of Asia Pacific Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 94 Rest of Asia Pacific Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 95 Rest of Asia Pacific Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 96 Rest of Asia Pacific Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 97 Rest of Asia Pacific Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 98 Rest of Asia Pacific Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 99 Key Information – Wipro Limited
TABLE 100 Key Information – HCL Technologies Ltd.
TABLE 101 Key Information – Capgemini SE
TABLE 102 Key Information – Infosys Limited
TABLE 103 Key Information – Tata Consultancy Services Ltd.
TABLE 104 Key Information – Tech Mahindra Limited
TABLE 105 Key Information – Tata Elxsi Limited
TABLE 106 Key Information – Entelect Software (Pty) Ltd.
TABLE 107 Key Information – AKKA Technologies SE
TABLE 108 Key Information – ALTEN
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: Wipro Limited
FIG 5 SWOT Analysis: Wipro Limited
FIG 6 Recent strategies and developments: HCL Technologies Ltd.
FIG 7 SWOT Analysis: Infosys Limited
FIG 8 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 9 Recent strategies and developments: Tech Mahindra Limited
FIG 10 SWOT Analysis: Tech Mahindra Limited