20 Most Promising Engineering Solution Providers - 2019

On a quest to transform into a global superpower, India has made huge progress in the engineering sector. Several researches conducted suggest that the global Engineering Services Outsourcing market size was valued at 244.17 billion dollars in 2018 and is forecasted to reach a CAGR of 29.5 percent from 2019 to 2025. This market is experiencing such an upward trajectory owing to the increasing product development and manufacturing technical complexities across a broad spectrum of industries such as healthcare, telecommunication, automotive, aerospace, and consumer electronics. In addition to this, the need for shorter product lifecycles at an economical cost and the rise in the number of tie-ups between Engineering Service Providers (ESPs) and Original Equipment Manufacturers (OEMs) are some of the other major factors propelling this growth. This massive growth of the ESO market is driving customers to seek solutions that are even more innovative, complex and end-to-end.

Noting this to be one of the lucrative sectors, there has been an influx of vendors permeating this market. These vendors find it to be an arduous task to penetrate this market and establish its presence with its lack of project expertise, business network and familiarity with client requirements. The lack of domain expertise, inadequate infrastructure development and unsatisfactory regulatory support are some of the challenges encountered. Customers are in need of vendors that possess the right team of skilled professionals that deliver robust and end-to-end solutions infused with next generation technologies. Coming to the aid, CIOReviewIndia proffers its list of “20 Most Promising Engineering Solution Providers - 2019” that meet and exceed the expectations of its customers. A distinguished panel comprising CEOs, CIOs, Industry analysts and CIOReviewIndia editorial finalized this list.

We present to you CIOTechOutlook 20 Most Promising Engineering Solution Providers - 2019.