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R&D outsourcing services market illuminated by new report

Industrial Market Research

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

R&D outsourcing Make an Inquiry about this news 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.

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.

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

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. 

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Key vendors 
• HCL Technologies
• Infosys
• 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?

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