Today the product engineering services domain is the latest buzzword globally. Popular research highlights that the identifiable market for engineering outsourcing would reach up to USD 200 billon by 2015.

1. Outsourcing Product Engineering Services
Today the product engineering services domain is the latest buzzword globally. Popular research highlights that
the identifiable market for engineering outsourcing would reach up to USD 200 billon by 2015. The market analysts
also predict massive growth in the forthcoming years. This is reflected in the expansion in the product engineering
services segment across multiple industries, with majority of service companies reporting a favorable growth rate
annually along with team expansions.
To be able to establish innovative products needs advanced technology, phased and timely execution, skills, and a
shared responsibility approach. Companies specializing in product R&D services have an integrated approach
towards product engineering services. They do it by using only updated technologies to come up with high-end
embedded, cloud software and mobile applications. Concentrating on aspects such as time-to-marker and
usability, the product engineers establish products that prove helpful for consumers to gain a competitive edge.
The service providers collaborate with the consumers and concentrate on the following focus areas:System architecture design
Software development
QA & testing
Language localization
Project management
Regardless of backing up a discrete phase of product development cycle, taking total product ownership or a mix
of both, the product engineering service providers set up optimum engineering teams that function with complete
transparency. When required, they set up appropriate co-managed product engineering labs that assist the total
product lifecycle, from the ideation, development to support stage across various product lines.
However, today there are alternatives to have the product engineering services outsourced. With work targets and
pressures, it becomes complicated for companies to give quality time on a daily basis to stay updated about new
age technologies and whether the same can be associated with certain products. In addition to that, it is also time
consuming to hire a professional who is apt in a specific technology. The professional needs to be able to define a
well etched out plan for the overall product engineering process. Furthermore, innovation too plays a crucial role
in product engineering projects.
When a company outsources product engineering services, then they have the benefit of assigning the job to an
expert agency and are certain that their dynamic needs and demands will be taken care on successfully. The
product specialists and product engineers keep themselves updated about the new technologies that arrive on
market. They also have an in-depth understanding of the business requirements and take a partnering approach.
Furthermore, they come up with meaningful suggestions and product upgradations that are essential to keep
ahead of other market players.