Engineering Service Outsourcing Market in India 2011-2014

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					            Engineering Service Outsourcing Market in
2011-2014                     India




                                     technavio insights
            Engineering Service Outsourcing Market in
2011-2014                     India




             CONTENTS


             01. Executive Summary ..............................................1

             02. Introduction ...........................................................2

             03. Market Coverage .................................................3

             04. Market Landscape ................................................4

             05. Vendor Landscape ...............................................6

             06. Market Growth Drivers ..........................................8
             07. Market Challenges .............................................10

             08. Market Trends ......................................................12

             09. Key Vendor Analysis ...........................................14
             09.1 Tata Consultancy Services Ltd. ......................................... 14

             09.2 Infosys Ltd. ............................................................................ 16

             09.3 HCL ........................................................................................ 18

             09.4 Tata Technologies Ltd. ....................................................... 19

             10. Other Reports in this Series .................................20




2011-2014                                    Engineering Service Outsourcing Market in India
            Engineering Service Outsourcing Market in
2011-2014                     India




             EXHIBITS

             Exhibit 1: Engineering Service Outsourcing Market in India
                        2010–2014 (US$ billions) ........................................................4

             Exhibit 2: Engineering Service Outsourcing Market in India
                        by Vendor Segmentation 2010 .........................................7




2011-2014                              Engineering Service Outsourcing Market in India
Engineering Service Outsourcing Market in India                                               1

      01. Executive Summary
                        2010: US$1.82 billion
        Market Size
                        2014: US$6.14 billion

        Growth Rate     35.5 percent CAGR

        Key Geography   India

                        Technology/Telecom
        Key Customer    Automotive
        Segments        Pharmaceutical
                        Construction

                        Increasing Investment in Offshoring Activities
                        Upsurge of Aerospace Sector in India
        Trends          Rise in Demand for Green Engineering
                        Increasing Number of Mergers and Acquisitions and Strategic
                        Alliances in the Market

                        India Evolving as a Key Center for ESO
                        Considerable Reduction in Cost and Time
        Drivers
                        Growing Demand and Untapped Potential of ESO
                        Government Initiatives

                        Competition from Other Upcoming Outsourcing Destinations
                        Developing Talent
        Challenges
                        Creating an Environment of Trust
                        Improving Domain Expertise

                        Tata Consultancy Service Ltd.
                        Infosys Ltd.
        Key Vendors
                        HCL
                        Tata Technologies Ltd.




2011-2014                                       Engineering Service Outsourcing Market in India
Engineering Service Outsourcing Market in India                                                                   2

      02. Introduction
      Engineering service outsourcing (ESO) is the process of contracting out the operations and
      responsibilities of specific business functions that are critical to organizations to third-party service
      providers. Organizations around the world need to utilize ESO services to access a flexible pool
      of talent. It helps them to develop an economical cost structure, use resources in the best
      possible way, and focus on their core competencies.

      The ESO market in India continued to grow through the recent economic recession. The
      demand for ESO comes primarily from four key sectors: Technology/Telecom, Automotive,
      Pharmaceutical, and Construction. The ESO market in India grew at an annual rate of 34
      percent in 2010 and is expected to grow at a CAGR of 35.5 percent for the period 2010–2014.

      The progress of the ESO market in India seems to be fairly bullish in the current economic climate
      because India is evolving as a key outsourcing center for engineering services. Most companies
      in India have invested heavily in engineering technology to develop advanced capabilities and
      skill sets. India, with its natural competitive advantage is likely to play a major role in
				
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Description: TechNavio’s analysts forecast the Engineering Service Outsourcing market in India to grow at a CAGR of 35.5 percent over the period 2011–2014. One of the key factors contributing to this market growth is India evolving as a key center for ESO. The ESO market in India has also been witnessing increasing investment in offshoring activities. However, competition from other upcoming outsourcing destinations could pose a challenge to the growth of this market. TechNavio’s report, Engineering Service Outsourcing Market 2011-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses only on India. It also covers the ESO market in the India landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors dominating this market space include TCS Ltd., Infosys Ltd., HCL, and Tata Technologies Ltd. Key questions answered in this report: What will the market size be in 2014 and at what rate will it grow? What key trends is this market subject to? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?
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