The Global Engineering Services Outsourcing Market is expected to record a revenue of US$ 6,802.92 Bn by the end of the year 2031 from US$ 1,439.97 billion in 2022. The market is growing at a compound annual growth rate (CAGR) of 19.67% during the forecast period of 2023-2031, driven by the increasing adoption of technology, especially in the manufacturing sector, and the increasing trend of outsourcing engineering services by companies to reduce costs and enhance efficiency. Globalization has also played a significant role in driving the engineering services outsourcing market. The current shift in the global engineering services outsourcing market is towards digitalization, automation, and innovation.
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