A study by a leading US consulting firm projects surging growth in the market for the outsourcing of engineering services through the end of the decade.

According to the study by Nasdaq-listed market consultancy Information Services Group (ISG), spending on the outsourcing of engineering services was around $325 billion in 2012, comprising nearly 35 per cent of global engineering expenditures, which were pegged at approximately $930 billion. Offshore expenditures on engineering services were approximately $100 billion…