Global Research and Development (R&D) Outsourcing Services Market 2019-2026
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Automotive - Market size and forecast 2018-2023
Consumer electronics - Market size and forecast 2018-2023
Telecommunications - Market size and forecast 2018-2023
Semiconductor - Market size and forecast 2018-2023
Aerospace - Market size and forecast 2018-2023
Healthcare - Market size and forecast 2018-2023
Construction - Market size and forecast 2018-2023
Other end-users - Market size and forecast 2018-2023
Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Emergence of Industry 4.0
Increase in M&A activities
Advent of IoT
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
HCL Technologies Ltd.
Infosys Ltd.
Tata Consultancy Services Ltd.
Tech Mahindra Ltd.
Wipro Ltd.
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
The global R&D outsourcing services market will grow by USD 6.77 billion during 2019-2026. This report provides a detailed analysis of the market by end-users (automotive, consumer electronics, telecommunications, semiconductor, aerospace, healthcare, construction, and other end-users) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several R&D outsourcing service providers, including HCL Technologies Ltd., Infosys Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd.
Global R&D outsourcing services industry overview
Several SMEs have limited operational reach as their operations are confined to a region. This is inducing them to outsource their R&D services to vendors operating across the globe to gain access to the global talent pool. Several vendors are from the US have expanded their operations to countries such as India for real-time support and low-cost labor. This helps enterprises reduce their R&D costs and increase their profit margins. The increased access to global talent pool by enterprises is one of the critical factors that will contribute to the growth of this market during the forecast period.
The constant digital transformation of industries has increased the adoption of innovative technologies to gain a strategic and operational advantage. This is driving industries to implement industry 4.0 by using emerging digital technologies for automation and smart production processes. Vendors in the market check the feasibility of implementing and enhancing innovative solutions. Enterprises outsource R&D services to these vendors, which will help them focus on their core competencies. The emergence of industry 4.0 is one of the key trends that will drive global R&D services market growth during the forecast period. As a result of these factors, the market will grow at a CAGR of more than 8% during 2019-2023.
Top R&D outsourcing service companies covered in this market research report
The global R&D outsourcing service market is moderately fragmented. This research report provides a detailed analysis of the market’s competitive landscape and provides information on the products offered by various companies. Key insights provided by this global R&D outsourcing service market report will help companies create effective strategies to improve their revenue share.
The report offers a detailed analysis of several leading companies, including:
HCL Technologies Ltd.
Infosys Ltd.
Tata Consultancy Services Ltd.
Tech Mahindra Ltd.
Wipro Ltd.
R&D outsourcing services market segmentation based on end-users
Automotive
Consumer electronics
Telecommunications
Semiconductor
Aerospace
Healthcare
Construction
Other end-users
The automotive industry will be the largest end-user to global R&D outsourcing services market. Market growth in this segment is mainly driven by the growing demand for vehicles across the world. Moreover, the presence of stringent environmental regulations that are inducing automotive manufacturers to outsource R&D services to improve their product offerings will also contribute to the growth of the R&D outsourcing services market size.
R&D outsourcing services market segmentation based on geography
APAC
Europe
MEA
North America
South America
North America will be the largest revenue contributor to the global R&D outsourcing services market. The growth of aerospace, semiconductor, and consumer electronics industries is driving the outsourcing of R&D services in this region. Additionally, the construction of new data centers and the upgradation of the existing data centers that will increase the need for semiconductors will also lead to the outsourcing of R&D services in North America.
Key highlights of the global R&D outsourcing services market report for the forecast years 2019-2023
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the R&D outsourcing services market during the next five years
Precise estimation of the global R&D outsourcing services market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the R&D outsourcing services industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of R&D outsourcing service companies