The North America Engineering Services Outsourcing Market would witness market growth of 22.0% CAGR during the forecast period (2022-2028).
Engineering services outsourcing is the practice of employing the best technology and services connected to the business core engineering process, such as car design, computer-aided manufacturing, and design to produce new-age engineering products at a cheap cost and with a competitive edge. Planning ahead of time to determine the scope of work for efficient outsourcing can aid firms in achieving significant improvements in engineering and operations. Outsourcing also allows businesses to focus on their core differentiators and maintain their share of the market and competitive edge.
Outsourced engineering encompasses delegating particular engineering procedures and responsibility to a team or individuals located outside of the organization. Many organizations see outsourcing to be a viable way to gain access to a low-cost yet talented offshore market. Because many technical positions are repetitive and task-oriented, organizations can focus their attention on the most essential revenue sources onshore while transactional duties are handled offshore.
The advancement of chronic diseases, as well as an aging population, are driving up the demand in Canada's healthcare industry. The industry's expansion is being fueled by the substitution of newer and more expensive items, higher costs for existing products, and increased per-patient utilization of medical supplies. Technologies including robotic surgery, mobile health, surgical simulation, and wearables are estimated to increase significantly as the government changes its focus to emerging medical gadgets and innovations.
The medical device market in Canada is complex and mature, with a high demand for high-quality medical devices. Imported medical devices account for approximately 75% of the medical device market. The United States is Canada's primary medical device supplier. Because of the two countries' geographic proximity along with similar safety and quality standards, U.S. imports account for nearly 44% of imports. With the rapidly expanding healthcare sector in the region, the healthcare workload is estimated to significantly rise in the coming years. Due to such circumstances, the adoption of engineering services outsourcing would rise. This factor would aid in increasing the growth of the regional engineering services outsourcing market.
The US market dominated the North America Engineering Services Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $989.2 Billion by 2028. The Canada market is anticipated to grow at a CAGR of 24.7% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 23.6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Engineering Services Outsourcing Market, by Service
1.4.2 North America Engineering Services Outsourcing Market, by Location
1.4.3 North America Engineering Services Outsourcing Market, by Application
1.4.4 North America 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. North America Engineering Services Outsourcing Market by Service
4.1 North America Testing Market by Country
4.2 North America Prototyping Market by Country
4.3 North America Designing Market by Country
4.4 North America System Integration Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Engineering Services Outsourcing Market by Location
5.1 North America On-shore Market by Country
5.2 North America Off-shore Market by Country
Chapter 6. North America Engineering Services Outsourcing Market by Application
6.1 North America Industrial Market by Country
6.2 North America Automotive Market by Country
6.3 North America Semiconductors Market by Country
6.4 North America Telecom Market by Country
6.5 North America Aerospace Market by Country
6.6 North America Healthcare Market by Country
6.7 North America Consumer Electronics Market by Country
6.8 North America Others Market by Country
Chapter 7. North America Engineering Services Outsourcing Market by Country
7.1 US Engineering Services Outsourcing Market
7.1.1 US Engineering Services Outsourcing Market by Service
7.1.2 US Engineering Services Outsourcing Market by Location
7.1.3 US Engineering Services Outsourcing Market by Application
7.2 Canada Engineering Services Outsourcing Market
7.2.1 Canada Engineering Services Outsourcing Market by Service
7.2.2 Canada Engineering Services Outsourcing Market by Location
7.2.3 Canada Engineering Services Outsourcing Market by Application
7.3 Mexico Engineering Services Outsourcing Market
7.3.1 Mexico Engineering Services Outsourcing Market by Service
7.3.2 Mexico Engineering Services Outsourcing Market by Location
7.3.3 Mexico Engineering Services Outsourcing Market by Application
7.4 Rest of North America Engineering Services Outsourcing Market
7.4.1 Rest of North America Engineering Services Outsourcing Market by Service
7.4.2 Rest of North America Engineering Services Outsourcing Market by Location
7.4.3 Rest of North America 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 North America Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 2 North America 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 North America Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 6 North America Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 7 North America Testing Market by Country, 2018 - 2021, USD Billion
TABLE 8 North America Testing Market by Country, 2022 - 2028, USD Billion
TABLE 9 North America Prototyping Market by Country, 2018 - 2021, USD Billion
TABLE 10 North America Prototyping Market by Country, 2022 - 2028, USD Billion
TABLE 11 North America Designing Market by Country, 2018 - 2021, USD Billion
TABLE 12 North America Designing Market by Country, 2022 - 2028, USD Billion
TABLE 13 North America System Integration Market by Country, 2018 - 2021, USD Billion
TABLE 14 North America System Integration Market by Country, 2022 - 2028, USD Billion
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Billion
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Billion
TABLE 17 North America Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 18 North America Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 19 North America On-shore Market by Country, 2018 - 2021, USD Billion
TABLE 20 North America On-shore Market by Country, 2022 - 2028, USD Billion
TABLE 21 North America Off-shore Market by Country, 2018 - 2021, USD Billion
TABLE 22 North America Off-shore Market by Country, 2022 - 2028, USD Billion
TABLE 23 North America Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 24 North America Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 25 North America Industrial Market by Country, 2018 - 2021, USD Billion
TABLE 26 North America Industrial Market by Country, 2022 - 2028, USD Billion
TABLE 27 North America Automotive Market by Country, 2018 - 2021, USD Billion
TABLE 28 North America Automotive Market by Country, 2022 - 2028, USD Billion
TABLE 29 North America Semiconductors Market by Country, 2018 - 2021, USD Billion
TABLE 30 North America Semiconductors Market by Country, 2022 - 2028, USD Billion
TABLE 31 North America Telecom Market by Country, 2018 - 2021, USD Billion
TABLE 32 North America Telecom Market by Country, 2022 - 2028, USD Billion
TABLE 33 North America Aerospace Market by Country, 2018 - 2021, USD Billion
TABLE 34 North America Aerospace Market by Country, 2022 - 2028, USD Billion
TABLE 35 North America Healthcare Market by Country, 2018 - 2021, USD Billion
TABLE 36 North America Healthcare Market by Country, 2022 - 2028, USD Billion
TABLE 37 North America Consumer Electronics Market by Country, 2018 - 2021, USD Billion
TABLE 38 North America Consumer Electronics Market by Country, 2022 - 2028, USD Billion
TABLE 39 North America Others Market by Country, 2018 - 2021, USD Billion
TABLE 40 North America Others Market by Country, 2022 - 2028, USD Billion
TABLE 41 North America Engineering Services Outsourcing Market by Country, 2018 - 2021, USD Billion
TABLE 42 North America Engineering Services Outsourcing Market by Country, 2022 - 2028, USD Billion
TABLE 43 US Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 44 US Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 45 US Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 46 US Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 47 US Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 48 US Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 49 US Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 50 US Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 51 Canada Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 52 Canada Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 53 Canada Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 54 Canada Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 55 Canada Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 56 Canada Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 57 Canada Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 58 Canada Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 59 Mexico Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 60 Mexico Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 61 Mexico Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 62 Mexico Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 63 Mexico Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 64 Mexico Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 65 Mexico Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 66 Mexico Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 67 Rest of North America Engineering Services Outsourcing Market, 2018 - 2021, USD Billion
TABLE 68 Rest of North America Engineering Services Outsourcing Market, 2022 - 2028, USD Billion
TABLE 69 Rest of North America Engineering Services Outsourcing Market by Service, 2018 - 2021, USD Billion
TABLE 70 Rest of North America Engineering Services Outsourcing Market by Service, 2022 - 2028, USD Billion
TABLE 71 Rest of North America Engineering Services Outsourcing Market by Location, 2018 - 2021, USD Billion
TABLE 72 Rest of North America Engineering Services Outsourcing Market by Location, 2022 - 2028, USD Billion
TABLE 73 Rest of North America Engineering Services Outsourcing Market by Application, 2018 - 2021, USD Billion
TABLE 74 Rest of North America Engineering Services Outsourcing Market by Application, 2022 - 2028, USD Billion
TABLE 75 Key Information – Wipro Limited
TABLE 76 Key Information – HCL Technologies Ltd.
TABLE 77 Key Information – Capgemini SE
TABLE 78 Key Information – Infosys Limited
TABLE 79 Key Information – Tata Consultancy Services Ltd.
TABLE 80 Key Information – Tech Mahindra Limited
TABLE 81 Key Information – Tata Elxsi Limited
TABLE 82 Key Information – Entelect Software (Pty) Ltd.
TABLE 83 Key Information – AKKA Technologies SE
TABLE 84 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