Europe Electronic Contract Manufacturing And Design Services Market expanding at a CAGR exceeding 7.1% by 2028
Europe Electronic Contract Manufacturing And Design Services Industry Overview The Europe electronic contract manufacturing and design services market size was valued at USD 40.31 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2021 to 2028. The growth of the market can be attributed to the continued adoption of work-from-home and remote working practices, which has gained traction in the wake of the outbreak of the COVID-19 pandemic and has triggered the demand for high-end servers, storage devices, switches, routers, and other computing devices. The growth can also be attributed to the fact that remote working and work-from-home trends are expected to evolve as a new norm over the next few years. The strong emphasis Original Equipment Manufacturers (OEMs) are putting on outsourcing electronics manufacturing to focus more on their core competencies is also expected to emerge as a long-term factor contributing to th...