Technology & Media Market Research Reporters
The Global engineering services outsourcing (ESO) market is expected to reach USD 1.49 trillion by 2025, according to a new report by Grand View Research, Inc. ESO providers play a crucial role in providing mechanical, technical, and software support to their clients. Due to the growing complexity of product designing, prototyping, visual designing and engineering, and Product Lifecycle Management (PLM), the role of ESO vendors has become crucial to OEMs.
The engineering services outsourcing business was primarily aggregated under the Information Technology (IT) or the Business Process Outsourcing (BPO) industry. However, due to rapid technological advancement and growing demand, the ESO segment has evolved to expand its operation in the telecom, aerospace, automotive, healthcare, and other major verticals by spending heavily on product development and offering engineering expertise across various industries. To access full Engineering Services Outsourcing (ESO) Market Research Report,click here: https://www.radiantinsights.com/research/engineering-services-outsourcing-eso-market Multinationals based in the U.S., UK, Germany, France, and Japan among other developed nations are outsourcing services to countries such as India which provide skillful resources at lower prices. The threat of Intellectual Property (IP) confidentiality breach is a barrier to the growing ESO demand. Companies have to be very vigilant to avoid IP theft, especially in a few offshore locations where prosecuting firms who allegedly misuse patents and confidential data is perceived as a difficult task due to the prevalent legal enforcements. IP theft results in significant losses for the business. As a result, the companies may not wish to share confidential data with engineering service providers. Further key findings from the report suggest: • Growing at a CAGR of around 30% over the forecast period, the offshore ESO segment is expected to account for a greater revenue share of the total market by 2025 • In 2016, the estimated size of the onshore ESO segment was around USD 70 billion • The aerospace, consumer electronics, and telecom ESO segments are expected to witness a robust growth Request free sample copy of this report @ https://www.radiantinsights.com/research/engineering-services-outsourcing-eso-market/request-sample • The aerospace ESO segment is expected to account for over 13% of the total revenue share by 2025 and is projected to be the fastest-growing over the forecast period • Asia Pacific accounted for the largest market share of the global ESO industry in 2016; China, India, Vietnam, and the Philippines were the most sought after global outsourcing destinations • The key industry participants include EPAM Systems, Inc., GlobalLogic, Infosys Limited, HCL Technologies Limited, Luxoft, QuEST Global Services Pte. Ltd., Tech Mahindra Limited, Wipro Limited, and Tata Consultancy Services Limited About Radiant Insights Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience help for delivering excellence in all research projects.
0 Comments
Latin America ERP Software Market is expected to reach USD 2.73 billion by 2025: Radiant Insights8/30/2017 The Latin America ERP software Market is expected to reach USD 2.73 billion by 2025, according to a new report conducted by Radiant Insights. ERP applications have helped many large-scale organizations to bring clarity and visibility in their business. With rapidly growing small and medium enterprises (SMEs) and adoption of evolving technology demand in SMEs is expected to grow over the forecast period. Furthermore, rising awareness among small & medium enterprises (SMEs) and increasing need for business process efficiency and transparency aid the market growth over the forecast period.
SMEs have been facing various barriers to the adoption of this technology because of expensive and less user-friendly nature of the software. Many SMEs in Brazil, Mexico, Chile, and Peru are still using old IT systems to operate their business. There is a growing need for adoption of upcoming IT systems to sustain in the competitive market. enterprise resource planning software helps the operation of core business processes including sales & distribution, supply chain management, accounting, financial control, and HR, which is expected to propel demand from various SMEs. To access full Latin America ERP Software Market Research Report, Click here: https://www.radiantinsights.com/research/latin-america-erp-software-market The cloud deployment segment is expected to witness a significant growth rate, due to its growing adoption, although the on-premise deployment segment is anticipated to dominate the market (in terms of size) by 2025. Cloud-based applications reduce IT infrastructure cost leading to the adoption of cloud-based application among enterprises. The investment on cloud-connected mobile applications has increased as mobile owing to the growing penetration of Bring Your Own Device (BYOD) among the organizations.The vendors are developing cloud-based solutions that can be accessible via mobile platforms such as tablets and smartphones expected to influence the market growth further. Further key findings from the report suggest: • One of the major factors's expediting the market growth are the evolution of enterprise software and workplace automation industry practices in the Latin America marketplace. • Increasing investment in manufacturing coupled with rising demand for industry dedicated software is expected to propel growth over the forecast period. • Brazil region dominated the marketplace, accounting for the largest global market share (in terms of revenue) in 2016 • In Mexico growth is driven by increasing vehicle and parts production particularly in the states of Aguascalientes, Guanajuato, and San Luis Potosi • The key industry participants include IBM (U.S.A.), Oracle (U.S.A.), Microsoft (U.S.A.), SAP SE (Germany), Infor (U.S.A.), and Sage Group Plc (U.K.) Request free sample copy of this report @ https://www.radiantinsights.com/research/latin-america-erp-software-market/request-sample About Radiant Insight Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience help for delivering excellence in all research projects. Artificial Intelligence Market growing at a CAGR of 57.2% from 2017 to 2025: Radiant Insights8/13/2017 The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Radiant Insights, Inc. Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography. For further inquiries, about - Artificial Intelligence Market Analysis, Size, Growth, Trends and Forecast 2014 – 2025, click on this link - http://www.radiantinsights.com/research/artificial-intelligence-market The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions. The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare. AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands. Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/artificial-intelligence-market/request-sample Further key findings from the report suggest: • Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption • The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period. • The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace. • The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon's Alexa. • The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation. For more information or any query mail at [email protected] About Radiant Insights, Inc Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake. |
Archives
July 2022
Categories |