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.
R&D Outsourcing Services Market to grow at a CAGR of 8.31% during the period 2017-2021. R&D outsourcing refers to outsourcing non-physical engineering R&D tasks such as designing, simulation, and consultation to specialized vendors.
R&D Outsourcing Services Market is divided into the following segments based on geography are Americas, APAC and EMEA.
This 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.
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.
R&D Outsourcing Services Market Report also includes a discussion of the key vendors operating in this market. Key vendors are HCL Technologies, Infosys, TCS, Tech Mahindra and Wipro.
Other prominent vendors Are Aricent, GlobalLogic, Cyient, Luxoft, Mindtree, QuEST Global Servicesa and Tata Elxsi.
Market driver are Cost reduction and efficiency.
Market challenge are Lack of effective communication between client and vendor.
Market trend are Rise in engineering analytics.
List of R&D Outsourcing Services Market Exhibits are:
Exhibit 01: Benefits and drawbacks of outsourcing
Exhibit 02: Global R&D outsourcing services market
Exhibit 03: Product lifecycle
Exhibit 04: Global R&D outsourcing services market 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global R&D outsourcing services market by end-users 2016 (% share)
Exhibit 07: Global R&D outsourcing services market by end-users 2016-2021 (% share)
Exhibit 08: Global R&D outsourcing services market by automotive 2016-2021 ($ billions)
Exhibit 09: Global R&D outsourcing services market by consumer electronics 2016-2021 ($ billions)
Exhibit 10: Global R&D outsourcing services market by telecommunication 2016-2021 ($ billions)
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