The market is driven by outsourcing research and development services as a cost-effective solution, increasing the need to focus on core competencies, and increasing access to the global talent pool
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The research and development outsourcing services market is poised to grow by $8.04 billion during 2022-2026, accelerating at a CAGR of 8.04% during the forecast period.Speak directly to the analyst to clarify any post sales queries you may have.
This report on the research and development outsourcing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by outsourcing research and development services as a cost-effective solution, increasing the need to focus on core competencies, and increasing access to the global talent pool.
The research and development outsourcing services market analysis includes the end-user segment and geographic landscape.
The research and development outsourcing services market is segmented as below:
By End-user
- Automotive
- Consumer electronics
- Telecommunications
- Semiconductor
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- The Middle East and Africa
The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. This report covers the following areas:
- Research and development outsourcing services market sizing
- Research and development outsourcing services market forecast
- Research and development outsourcing services market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
List of Exhibits
Executive Summary
The analyst recognizes the following companies as the key players in the global research and development outsourcing services market: Accenture Plc, Altair Engineering Inc., Capgemini Service SAS, Cisco Systems Inc., Cyient Ltd., DXC Technology Co., HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, Infosys Ltd., Kistler Holding AG, KPIT Technologies Ltd., Mindfire Solutions, Mindtree Ltd., QuEST Global Services Pte. Ltd., Sonata Software Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd.Commenting on the report, an analyst said: ''The latest trend gaining momentum in the market is the emergence of industry 4.0.''
According to the report, one of the major drivers for this market is that outsourcing research and development services is a cost-effective solution.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Accenture PLC
- Altair Engineering Inc.
- Capgemini Service SAS
- Cisco Systems Inc.
- Cyient Ltd.
- DXC Technology Co.
- HCL Technologies Ltd.
- Hitachi Ltd.
- IAV GmbH
- Infosys Ltd.
- Kistler Holding AG
- KPIT Technologies Ltd.
- Mindfire Solutions
- Mindtree Ltd.
- QuEST Global Services Pte. Ltd.
- Sonata Software Ltd.
- Tata Consultancy Services Ltd.
- Tech Mahindra Ltd.
- Wipro Ltd.