Technavio Announces Top Seven Vendors in the Engineering Services Outsourcing Market in the US
By Business Wire News
Technavio announces the top seven leading vendors in their recent research report, engineering services outsourcing (ESO) market in the US. This research report also lists 23 other prominent vendors that are expected to gain a market share over the forecast period.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the vendor share, our research consider revenue obtained from the ESO business division of outsourcing service providers that are active in the US.
Our research report shows, leading IT vendors are increasingly entering into the consulting space for building strategic relationships with their customers in the US. It has therefore become necessary for ESO vendors to engage in a comprehensive understanding of their clients’ business needs to move to higher value consulting for long-term engagements,” said Technavio’s senior market research analyst for IT professional services, Amit Sharma.
The US will continue to be a major market for engineering service providers from all over the world. Currently, only a small portion of the existing engineering service needs in the US have been outsourced. Therefore, the market is enormous, and presents a huge potential for the leading vendors of this market until 2020,” adds Amit.
Seven leading players in the engineering services outsourcing market in the US:
HCL Technologies was established in 1991, and is headquartered in Noida, India. It provides software development, BPO, and IT infrastructure services worldwide. The company has close to 104,184 employees with their presence in the US, Europe, and APAC. In FY2014, the company reported revenue of over USD 5 billion. The company manages IT infrastructure operations for over 250 customers worldwide. Its offerings include workplace services, data center services, cross-functional services, information security services, network services, integrated operations management, mainframe and AS/400, system integration, and service integration and management.
HCL has engineering partnerships with leading technology companies such as Boeing, Microsoft, and Cisco. HCL also offers consulting for engineering services including control systems and network design. It provides process re-engineering to serve its client with end-to-end global engineering solutions.
The company offers its engineering and R&D services across industries such as aerospace and defense, automotive and transportation, medical, ISV, industrial, cloud and storage, semiconductor, consumer hi-tech, and network and telecom.
Infosys was established in 1981, and is headquartered in Bangalore, India. Infosys is a global provider of business IT services, consulting, technology and outsourcing services, and software products.
As of March 2015, the company had around 176,187 employees, and reported net revenue of about USD 8 billion. Globally, the company has 85 sales and marketing offices and 100 development centers. It offers engineering solutions and services to customers throughout their project life cycle, extending from product ideation to insight and provisions. In the ESO domain, it offers solutions to industries such as automotive, retail, financial services, aerospace, medical devices, telecommunications, hi-tech, and energy and utilities. The company is focused on process engineering, product engineering, and plant operations, along with PLM. The company’s engineering service division provides engineering solutions and services to support its global customers. Its aids customers to reduce the time from concept to market, redesign of products based on new demands, and value-engineer for emerging markets.
KPIT was founded in 1990, and is headquartered in Pune, India. It is a global technology company specialized in providing IT consulting and product engineering solutions and services to manufacturing, automotive, energy and utilities, and life sciences enterprises worldwide. In FY2014, the company reported revenue of close to USD 444 million. It has a global presence across 12 countries, and employs more than 10,500 people. The company also has more than 50 patents, and has long-term relationships with more than 250 global customers.
KPIT provides technology services and solutions for its global clients, and has partnerships with more than 200 global business enterprises. Its IT solutions aid customers to run their businesses smartly and efficiently. Its product engineering solutions enable customers to build products that are safer, cleaner, energy efficient, and yield more comfort. Leveraging its domain prowess and technology, the company partners with global clients to co-create transformational values that deliver sustainable competitive advantages to businesses.
QuEST Global was founded in 1997, and is headquartered in Singapore. It is a global engineering consulting firm that offers engineering services to aero engines and aerospace and defense industries. The company offers a broad range of engineering solutions and services to the aerospace and defense, aero engines, medical devices, oil and gas, power, industrial, hi-tech and transportation industries. For FY2015, the company reported revenue of around USD 500 million with more than 9,500 employees worldwide.
QuEST Global provides high-tech solutions across different industry verticals. Its portfolio of solutions and services covers all aspects of the engineering process and product development process, including product development, product design, product support, testing, prototyping, product re-engineering, certification, manufacturing support as well consulting services. Its service offerings cover electrical, electronic, and mechanical engineering as well as embedded system engineering of the product development process. With its diversified geographic spread and portfolio, the company has been able to design and develop, conceptualize, manufacture, test, certify and support different kinds of products.
Tata Elxsi was founded in 1989, and is headquartered in Bangalore, India. It is a design company that blends creativity, technology, and engineering to aid clients into transforming their ideas into effective solutions and products. In FY2015, the company reported revenue of close to USD 142 million. The company has a global presence, and employs more than 3,800 people.
Tata Elxsi is a leading vendor in providing new product design, developments, technology consulting, and testing services for leading product business enterprises (consumer electronics, telecom, healthcare, broadcast, and transportation industries). The company develops and licenses software components and IP, aiding customers in reducing development costs, creating product differentiation, and improving time-to-market. It offers software development, electronics, and system design services for the aerospace and automotive industry.
TCS is an IT services company that was established in 1968. It delivers IT-enabled services, consulting, and business solutions to a broad range of industries worldwide. It is a part of the Tata Group, one of the largest industrial conglomerates in India. As of March 2015, the company had 319,656 employees in more than 190 offices in 55 countries. TCS has established 40 delivery centers operating in 22 countries to ensure efficient service delivery. It also holds 114 patents in its portfolio.
TCS’s engineering and industrial services (EIS) aid clients to adopt the right innovative solutions, improve operational efficiencies, foster product innovation, and accelerate time-to-market speed. It also provides manufacturing and engineering solutions that enable business enterprises to drive business transformations and enhance manufacturing oversight, availability of assets, and realize product strategy. It also encourages its clients to enter emerging markets to stay ahead of competition.
Tech Mahindra was established in 1986, and is headquartered in Pune, India. The company is a market leader in providing IT solutions to its customers globally. The company offers a wide range of services and solutions such as application outsourcing, telecom services, consulting, infrastructure outsourcing, engineering services, BPO, platform solutions, and mobile value added services. It operates as a subsidiary of Mahindra & Mahindra. As of March 2014, the company had 89,441 employees worldwide, and its revenue were a little over USD 3 billion.
Tech Mahindra’s integrated engineering solutions (IES) deliver flexibility for its customers to select the ideal engagement model: offsite, off-shore, onsite, or near-shore with a host of pricing models. It also aligns businesses, technology, and clients through its innovative frameworks. The company provides future-ready digital convergence solutions across industries such as aerospace and defense, transportation, energy and utilities, industrial equipment, consumer products, hi-tech, and healthcare.
Browse related reports:
- Engineering Services Outsourcing (ESO) Market in India 2015-2019
- Engineering Services Outsourcing (ESO) Market in India 2015-2019Global Engineering Analytics Services Market 2015-2019
- Global Military Aerospace Engine and Engine Parts Market 2015-2019
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