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The global engineering services outsourcing market is expected to reach a revenue of US$ 6,802.92 Bn by 2031, growing at a CAGR of 19.67% during the forecast period. This growth is driven by the implementation of Industry 4.0, increasing complexity of engineering projects, and advancements in technology. Companies are turning to outsourcing to leverage technologies like AI, machine learning, and IoT without significant upfront investment.