Engineering Services Outsourcing Market Growing Sizably

The global engineering services outsourcing (ESO) market is expected to reach USD$8,126.49 billion by 2029 according to a new study by Polaris Market Research. The report “Engineering Services Outsourcing (ESO) Market Size, Share, Trends & Industry Analysis Report, By Application (Automotive, Energy, Network & Communications, Industrial Automation, Medical Technology, Industrial Electronics & Automated Embedded Engineering Services, Consumer Electronics, Semiconductors, Construction, Aerospace); By Location; By Region; Segment Forecast, 2022 – 2029” gives insight into current market dynamics and provides analysis on future market growth.

The development of Industries 4.0, as well as the adoption of factory automation technologies, is driving the need for an integrated approach to analyzing and designing design solutions. The industry for EOS is being driven by an increase in the use of sophisticated devices and resources to obtain competitive advantage through improving graphical, visual, and commercial designs. Additionally, growing use of engineering solutions, including computer-aided designing, production, computer-aided electronic control automation software, is propelling ESO industry expansion, Polaris Market Research reports.

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