| | DECEMBER 20204 The emerging economies are playing a vital role in infusing new life into various industries. Engineering design services is one of them. The market is forecasted to grow at a CAGR of four-five percent to reach $1,209 billion by 2020. While another report mentions that the global engineering services outsourcing market size is expected to grow by $207.85 billion during 2020-2024 (Technavio). And this growth is primarily being driven by the growing investments in transport, industrial and commercial infrastructure sectors by the emerging economies. On the other hand, the cost savings from lower labor wages will be significant factor driving the growth of this market. Indeed US and countries in EU majorly outsource their services to other developing nations pertaining to higher cost. Their loss means benefits to countries like India, Indonesia, China, Malaysia, Brazil, Bulgaria and others. These countries not just provide highly skilled workforce at an affordable price but also a favorable IP environment too. The need for engineering services have become paramount for nations like India that is undergoing urbanization at a faster pace. It is said that with levels of urbanization to reach 50 percent in APAC and Africa by 2020 and 2035 respectively, there will be increase in the consumption of engineering services as more industries and facilities will be set up in these economies. Hence to enable you to find your perfect engineering services companies is our current edition of CEO Insights Magazine's `Top 10 Engineering Services Companies ­ 2020'. Our team of experts comprising industry experts, veterans, CEOs, CIOs, and CXO executives together with our Editorial Board have shortlisted and finalized the names post detailed due diligence. And now we bring to you the story of their strength, offerings, USP and more.Do let us know what you think! Anamika SahuManaging Editoreditor@ceoinsightsindia.comEditorialUrbanization will Largely Drive Engineering Services MarketVol 03 · Issue 10 - 6 · December 10, 2020 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Editorial Aveek Pal Chaudhuri Avinash Roy Mandvi Singh Shiwani Prakash Tanuja A Akkannavar Group Art DirectorAshok KumarAdvertising Managers Ashu Sethi Shivam AgarwalNoida Rohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of BizprintMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2020 BizprintMedia Technologies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsi-bility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accord-ingly, no liability is assumed by the publisher. Design S.Sivasankar Vetrivel SVP - Sales & Marketing Amrit SinghCirculation Manager Magendran PerumalCorrespondentsSubhadarshani Mohanty
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