IT firms compete for larger share of global engineering services contracts

Engineering services have emerged as the next growth segment for Indian IT services players with most firms taking aggressive steps to corner a larger share of the outsourcing deals. For instance, companies such as Infosys, with lesser presence in some segments of engineering services, have now reoriented their strategy to clinch more deals from marquee clients.

Many analysts are of the opinion that Infosys’s wining contract from Rolls-Royce is an outcome of such strategic moves.

According to a HFS Research report released last year, HCL Technologies was at the top spot among domestic IT services players, while it was ranked number four globally in this segment. Tata Consultancy Services (TCS) had been placed at sixth spot, followed by Wipro at seventh in the global list. According to the research firm, French company Altran was the global market leader in the engineering services space.