Future of Engineering Services Outsourcing

It is said that the dollar value of outsourced engineering services globally, via captive engineering hubs, conventional outsourcing alliances or joint ventures with enterprises of local prominence, will keep on growing in future. As of now, it is estimated to increase from an overall amount of $40 billion in 2007 to approximately about $80 billion worldwide in 2010. Nasscom and Booz Allen Hamilton conducted this study back in the year 2005. Gradually, as the degree of engineering erudition globally available will increase, the types of services that are being off shored now will also evolve in variety. Simultaneously, industries aiming at off shoring the engineering requirement would also increase.

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