A new research document with title ‘Global R&D Outsourcing Services Market 2017-2021’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like Americas, APAC, EMEA and important players/vendors such as HCL Technologies, Infosys, TCS, Tech Mahindra The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-21
HTF’s analysts forecast the global R&D outsourcing services market to grow at a CAGR of 8.31% during the period 2017-2021.
HTF recognizes the following companies as the key players in the global R&D outsourcing services market: HCL Technologies, Infosys, TCS, Tech Mahindra, and Wipro.
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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 HTF’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.
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.
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Table of Contents
PART 01: EXECUTIVE
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
• Market outline
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• Factors affecting outsourcing industry
• Benefits and drawbacks of outsourcing
PART 05: MARKET LANDSCAPE
• Market overview
• Product lifecycle
• Market size and forecast
• Five forces analysis
PART 06: MARKET SEGMENTATION BY END-USER
• Market overview
• Global R&D outsourcing services market in automotive sector
• Global R&D outsourcing services market by consumer electroni
….Continued
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