India's National Association of Software and Services Companies, in association with Booz Allen Hamilton, found that Indian software companies have been hiring domain experts in all kinds of manufacturing industries. The demand stems from companies such as Ford Motor Company, General Motors, Boeing and Airbus, as well as semiconductor manufacturing companies and electronic goods manufacturers, which have part of their engineering performed by Indian technology companies.
The study released earlier this month predicts the market opportunity for engineering services will be $40 billion by 2020, as reported by K. Shah on redherring.com. Demand has been increasing in the areas of design, engineering parts, virtual testing and embedded software.
"Companies in India have developed capabilities and skill sets, and have invested in technology platforms to leverage this opportunity," Nasscom President Kiran Karnik said at a press conference in New Delhi according to the article. He predicted that the total global offshore engineering spend will grow to between $150 and $225 billion by the year 2020, and India has the capacity to 25% of the business.Interested in information related to this topic? Subscribe to our weekly Value-chain eNewsletter.