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Research and Development Outsourcing Services Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 156
  • SKU: IRTNTR44675
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Based on Technavio's market sizing methodology, the research and development outsourcing services market size is predicted to surge by USD 8.04 billion from 2021 to 2026 at a CAGR of 8.04%.

This research and development outsourcing services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The research and development outsourcing services market report offers information on several market vendors, including 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. among others.

This report further entails research and development outsourcing services market segmentations, including:

  • End-user - Automotive, consumer electronics, telecommunications, semiconductor, and others
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the Research and Development Outsourcing Services Market Size be During the Forecast Period?

Research and Development Outsourcing Services Market Size

Download the Free Report Sample to Unlock the Research and Development Outsourcing Services Market Size for the Forecast Period and Other Important Statistics

 

Research and Development Outsourcing Services Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The outsourcing research and development services is a cost-effective solution is notably driving the research and development outsourcing services market growth, although factors such as issues caused by inefficient communication may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the research and development outsourcing services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Research and Development Outsourcing Services Market Driver

  • Outsourcing research and development services is a cost-effective solution, which is one of the key drivers supporting the research and development (R&D) outsourcing services market growth.
  • Outsourcing R&D services can enable enterprises to save costs on facilities or equipment used for research projects.
  • Outsourcing of R&D processes also helps enterprises in gaining access to advanced technologies.
  • For instance, HCL Technologies Limited offers R and D services that help enterprises gain access to the latest technologies, such as big data analytics, with minimum investment.
  • In February 2021, HCL Technologies signed a 5-year agreement with Airbus to transform the technology, supply chain, and operating model by establishing a modernized digital workplace. The company ensures tangible benefits to enterprises by lowering the total cost of ownership. Thus, outsourcing R&D services help enterprises in saving the cost of operations, which, in turn, will lead to an increase in demand for R&D outsourcing services during the forecast period.

Key Research and Development Outsourcing Services Market Trend

  • The emergence of Industry 4.0 is one of the key research and development outsourcing services market trends fueling the research and development outsourcing services market growth.
  • Many vendors have successfully introduced innovative solutions with the help of various technologies. This is encouraging enterprises to implement Industry 4.0.
  • Advanced technologies such as 3D printing, additive manufacturing, VR, AR, and big data analytics are being implemented in industries such as automotive and manufacturing.
  • For instance, in March 2022, Intel announced its plans to invest $80.1 billion in the European Union over the next decade. The investments will be made in whole semiconductor value chain operations, such as R&D to manufacturing to packaging technologies.
  • Enterprises outsource engineering R&D tasks so that they can focus on their core competencies, whereas vendors in the market can check the feasibility of implementing Industry 4.0. Thus, with the emergence of Industry 4.0, the demand for R&D outsourcing services is expected to increase during the forecast period.

Key Research and Development Outsourcing Services Market Challenge

  • Issues caused by inefficient communication is one of the factors challenging the research and development (R&D) outsourcing services market growth.
  • If there is inefficient communication between vendors and enterprises, it can become challenging for the vendors to provide the desired output to the enterprises within a limited budget.
  • Vendors may not be able to deliver services to enterprises on time due to inefficient communication. As a result, R&D-based operations of enterprises are also impacted.
  • For instance, an enterprise that is planning to implement a project in India based on the R&D output may have to delay the project due to the late delivery of services.
  • Communication is required at various stages of R&D service delivery systems to avoid system failures and provide backup and recovery facilities. Thus, inefficient communication can impact the trust of enterprises toward vendors. This can impact the growth of the global research and development (R&D) outsourcing services market during the forecast period.

This research and development outsourcing services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global research and development outsourcing services market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the research and development outsourcing services market during the forecast period.

Who are the Major Research and Development Outsourcing Services Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the research and development outsourcing services market encompasses successful business strategies deployed by the key vendors. The research and development outsourcing services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Altair.com - The company offers research and development outsourcing services through its advanced engineering software and high-performance computing technologies.
  • Capgemini.com - The company offers research and development outsourcing services such as Fraud Management and Operational Analytics.
  • Iav.com - The company offers research and development outsourcing services such as Core Expertise, Consulting, and Engineering.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The research and development outsourcing services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Research and Development Outsourcing Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the research and development outsourcing services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Research and Development Outsourcing Services Market?

Research and Development Outsourcing Services Market Market segmentation by region

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46% of the market's growth will originate from North America during the forecast period. The US is the key market for research and development outsourcing services market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand from industries such as aerospace, semiconductor, and consumer electronics will facilitate the research and development outsourcing services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 spread widely in North America, especially in the US, which had a negative impact on the regional market. However, the region witnessed a decline in the number of COVID-19 cases owing to the availability of vaccines, which led to the gradual resumption of manufacturing units by Q4 of 2020. As a result, operations of the automotive, semiconductor, aerospace, and telecommunication industries stabilized during 2021, which, in turn, is expected to drive the growth of the R&D outsourcing services market in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Research and Development Outsourcing Services Market?

Research and Development Outsourcing Services Market Segmentation

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The research and development outsourcing services market share growth by the automotive segment will be significant during the forecast period. Vendors of R&D services can help OEMs identify key areas of improvement and support them in implementing innovative solutions. This, in turn, will help OEMs gain a competitive advantage over their rivals. Thus, the growth of the automotive industry will lead to the growth of the global R&D outsourcing services market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the research and development outsourcing services market size and actionable market insights on post COVID-19 impact on each segment.

 

Research and Development Outsourcing Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.04%

Market growth 2022-2026

$ 8.04 billion

Market structure

Fragmented

YoY growth (%)

7.42

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Research and Development Outsourcing Services Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive research and development outsourcing services market growth during the next five years
  • Precise estimation of the research and development 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 research and development outsourcing services industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of research and development outsourcing services market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Automotive - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
  • 5.4 Consumer electronics - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Consumer electronics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Consumer electronics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Consumer electronics - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Consumer electronics - Year-over-year growth 2021-2026 (%)
  • 5.5 Telecommunications - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Telecommunications - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Telecommunications - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Telecommunications - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Telecommunications - Year-over-year growth 2021-2026 (%)
  • 5.6 Semiconductor - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Semiconductor - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Semiconductor - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Semiconductor - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Semiconductor - Year-over-year growth 2021-2026 (%)
  • 5.7 Others - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by End-user
    • Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 India - Market size and forecast 2021-2026
    • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Altair Engineering Inc.
    • Exhibit 101: Altair Engineering Inc. - Overview
    • Exhibit 102: Altair Engineering Inc. - Business segments
    • Exhibit 103: Altair Engineering Inc. - Key offerings
    • Exhibit 104: Altair Engineering Inc. - Segment focus
  • 10.4 Capgemini Service SAS
    • Exhibit 105: Capgemini Service SAS - Overview
    • Exhibit 106: Capgemini Service SAS - Business segments
    • Exhibit 107: Capgemini Service SAS - Key news
    • Exhibit 108: Capgemini Service SAS - Key offerings
    • Exhibit 109: Capgemini Service SAS - Segment focus
  • 10.5 IAV GmbH
    • Exhibit 110: IAV GmbH - Overview
    • Exhibit 111: IAV GmbH - Product / Service
    • Exhibit 112: IAV GmbH - Key offerings
  • 10.6 Infosys Ltd.
    • Exhibit 113: Infosys Ltd. - Overview
    • Exhibit 114: Infosys Ltd. - Business segments
    • Exhibit 115: Infosys Ltd. - Key news
    • Exhibit 116: Infosys Ltd. - Key offerings
    • Exhibit 117: Infosys Ltd. - Segment focus
  • 10.7 Kistler Holding AG
    • Exhibit 118: Kistler Holding AG - Overview
    • Exhibit 119: Kistler Holding AG - Product / Service
    • Exhibit 120: Kistler Holding AG - Key offerings
  • 10.8 KPIT Technologies Ltd.
    • Exhibit 121: KPIT Technologies Ltd. - Overview
    • Exhibit 122: KPIT Technologies Ltd. - Product / Service
    • Exhibit 123: KPIT Technologies Ltd. - Key offerings
  • 10.9 Mindtree Ltd.
    • Exhibit 124: Mindtree Ltd. - Overview
    • Exhibit 125: Mindtree Ltd. - Business segments
    • Exhibit 126: Mindtree Ltd. - Key offerings
    • Exhibit 127: Mindtree Ltd. - Segment focus
  • 10.10 Tata Consultancy Services Ltd.
    • Exhibit 128: Tata Consultancy Services Ltd. - Overview
    • Exhibit 129: Tata Consultancy Services Ltd. - Business segments
    • Exhibit 130: Tata Consultancy Services Ltd. - Key news
    • Exhibit 131: Tata Consultancy Services Ltd. - Key offerings
    • Exhibit 132: Tata Consultancy Services Ltd. - Segment focus
  • 10.11 Tech Mahindra Ltd.
    • Exhibit 133: Tech Mahindra Ltd. - Overview
    • Exhibit 134: Tech Mahindra Ltd. - Business segments
    • Exhibit 135: Tech Mahindra Ltd. - Key offerings
    • Exhibit 136: Tech Mahindra Ltd. - Segment focus
  • 10.12 Wipro Ltd.
    • Exhibit 137: Wipro Ltd. - Overview
    • Exhibit 138: Wipro Ltd. - Business segments
    • Exhibit 139: Wipro Ltd. - Key news
    • Exhibit 140: Wipro Ltd. - Key offerings
    • Exhibit 141: Wipro Ltd. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 142: Inclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 143: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 144: Research methodology
    • Exhibit 145: Validation techniques employed for market sizing
    • Exhibit 146: Information sources
  • 11.5 List of abbreviations
    • Exhibit 147: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Research and Development Outsourcing Services market growth will increase by $8046.58 million during 2022-2026.
The research and development outsourcing services market is expected to grow at a CAGR of 8.04% during 2022-2026.
Technavio has segmented the research and development outsourcing services market by end-user (Automotive, Consumer electronics, Telecommunications, Semiconductor, and Others) and geographic (North America, Europe, APAC, South America, Middle East and Africa, North America, Europe, APAC, South America, and MEA).
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. are a few of the key vendors in the research and development outsourcing services market.
North America will register the highest growth rate of 46.07% among the other regions. Therefore, the research and development outsourcing services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the research and development outsourcing services market growth are:
  • Outsourcing research and development services is a cost-effective solution
  • Emergence of Industry 4.0
The research and development outsourcing services market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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