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Global R&D Outsourcing Services Market 2017-2021

Global R&D Outsourcing Services Market 2017-2021

About R&D Outsourcing Services

R&D outsourcing refers to outsourcing non-physical engineering R&D tasks such as designing, simulation, and consultation to specialized vendors. It involves factors such as improvement in different processes, efficiency enhancement, cost advantage, and lowered time-to-market for products. Firms outsourcing their engineering R&D services consider these factors prior to adopting the service.

Technavio’s analysts forecast the global R&D outsourcing services market to grow at a CAGR of 8.31% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global R&D outsourcing services market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global R&D Outsourcing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • HCL Technologies
  • Infosys
  • TCS
  • Tech Mahindra
  • Wipro
Other prominent vendors
  • Aricent
  • GlobalLogic
  • Cyient
  • Luxoft
  • Mindtree
  • QuEST Global Services
  • Tata Elxsi
Market driver
  • Cost reduction and efficiency
  • For a full, detailed list, view our report
Market challenge
  • Lack of effective communication between client and vendor
  • For a full, detailed list, view our report
Market trend
  • Rise in engineering analytics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global R&D Outsourcing Services Market 2017-2021

Technavio recognizes the following companies as the key players in the global R&D outsourcing services market: HCL Technologies, Infosys, TCS, Tech Mahindra, and Wipro.

Other Prominent Vendors in the market are: Aricent, GlobalLogic, Cyient, Luxoft, Mindtree, QuEST Global Services, and Tata Elxsi.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in engineering analytics. EA derives meaningful insights from data collected by physical machines to design, produce, and deliver new products. The EA value chain covers all components from sensors that generate information and networks that transmit information to software that processes information.”

According to the report, one driver in the market is cost reduction and efficiency. Labor arbitrage is a result of globalization, which shifts business processes to less expensive locations. Labor arbitrage is regarded as one of the prospective benefits of outsourcing processes. Firms that adopt the outsourcing strategy need not invest in resources or worry about handling their limited available resources. Outsourcing of R&D processes helps them gain access to skilled talent and advanced analytics technologies in another country with the maintenance of a lean workforce.

Further, the report states that one challenge in the market is lack of effective communication between client and vendor. Vendors should effectively communicate with their client to deliver the service in a timely manner. Technical communication in outsourcing contract between client and vendor is required to reduce outsourcing risk and build trust. IT outsourcing projects could not be successfully implemented if vendors fail to provide required services. Communication is required at various stages of IT service delivery system to avoid system failures and provide backup and recovery facility.

Companies Mentioned

HCL Technologies, Infosys, TCS, Tech Mahindra, Wipro, Aricent, GlobalLogic, Cyient, Luxoft, Mindtree, QuEST Global Services, and Tata Elxsi.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
    • Factors affecting outsourcing industry
    • Benefits and drawbacks of outsourcing
      • Table Benefits and drawbacks of outsourcing
  • Market landscape
    • Market overview
      • Table Global R&D outsourcing services market
    • Product lifecycle
      • Table Product lifecycle
    • Market size and forecast
      • Table Global R&D outsourcing services market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global R&D outsourcing services market by end-users 2016 (% share)
      • Table Global R&D outsourcing services market by end-users 2016-2021 (% share)
    • Global R&D outsourcing services market in automotive sector
      • Table Global R&D outsourcing services market by automotive 2016-2021 ($ billions)
    • Global R&D outsourcing services market by consumer electronics
      • Table Global R&D outsourcing services market by consumer electronics 2016-2021 ($ billions)
    • Global R&D outsourcing services market by telecommunication
      • Table Global R&D outsourcing services market by telecommunication 2016-2021 ($ billions)
    • Global R&D outsourcing services market by semiconductor
      • Table Global R&D outsourcing services market by semiconductor 2016-2021 ($ billions)
    • Global R&D outsourcing services market by aerospace
      • Table Global R&D outsourcing services market by aerospace 2016-2021 ($ billions)
    • Global R&D outsourcing services market by healthcare
      • Table Global R&D outsourcing services market by healthcare sector 2016-2021 ($ billions)
    • Global R&D outsourcing services market by construction
      • Table Global R&D outsourcing services market by construction 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Global R&D outsourcing services by geography 2016-2021 (% share)
    • Regional comparison
      • Table Regional comparison
    • Americas: Market size and forecast
      • Table Americas: Market size and forecast 2016-2021 ($ billions)
      • Table Americas: Year-over-year growth 2016-2021
    • EMEA: Market size and forecast
      • Table EMEA: Market size and forecast 2016-2021 ($ billions)
      • Table EMEA: Year-over-year growth 2016-2021
    • APAC: Market size and forecast
      • Table APAC: Market size and forecast 2016-2021 ($ billions)
      • Table APAC: Year-over-year growth 2016-2021
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Rise in engineering analytics
      • Table EA value chain
    • Emergence of AI and machine learning
    • Evolution of industrial IoT
  • Vendor landscape
    • Competitive scenario
      • Table Competitive factors among vendors
    • Product offerings
      • Table Product offerings from key vendors
    • Competitive analysis
      • Table Competitive analysis 2016
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor profile
    • HCL Technologies
    • Infosys
    • TCS
    • Tech Mahindra
    • Wipro
  • Appendix
    • List of abbreviations
  • Explore Technavio

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