With the gradual recovery of economic conditions globally, the engineering services industry saw some large deals being signed in past few months. Such deals indicate the prospect of a strong growth potential in the ESO industry in the coming years. With several deals being signed and umpteen market size estimates being thrown by research firms, as mentioned in our earlier article ‘Engineering services outsourcing - Silver linings ’ on the industry, ValueNotes decided to do a reality check on the situation by conducting an industry-wide survey ESO survey 2010: 'How does the engineering industry feel about outsourcing? ”.
The global market research (MR) industry has seen a decline in the past couple of years with revenues at $32.5 billion for the year 2008, according to a report by ESOMAR. Given the current recessionary crisis, although the MR industry’s overall growth has been slightly sluggish, it has shown better revenue figures when compared to other sectors.
While the IT-ITES industry is gradually recovering from the impact of the global economic slowdown, the opportunity in the domestic market in India has been growing steadily. With economic growth, proliferation of technology in various sectors and increasing number of companies going through a global facelift, India has become an attractive ‘buyer’ market.
A lot has been said and written about how the publishing industry has been undergoing a transition. While publishers across segments are coming to terms with declining revenues and rising costs, the industry as a whole is revisiting the way it operates.
