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Market Research Report

Global Research and Development (R&D) Outsourcing Services Market 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 865014
Published Content info 136 Pages
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Global Research and Development (R&D) Outsourcing Services Market 2019-2023
Published: May 17, 2019 Content info: 136 Pages
Description

About this market

Enterprises need to focus on the unique aspects of their businesses, which distinguish them from their rivals and attract consumers. Competition among enterprises is increasing continuously due to globalization, which, in turn, is encouraging them to focus on their core competencies. Enterprises outsource tasks such as R&D services, which are not a part of their core competencies. This helps them focus their business resources on critical tasks and strategies. For instance, a company that manufactures vehicles should focus on making the operations of the manufacturing process lean. It should also ensure smooth project management, from the manufacturing of cars to on-time delivery. Hence, such enterprises outsource their non-engineering R&D services such as simulation to R&D outsourcing service vendors. This will lead to the growth of the global R&D outsourcing services market during the forecast period. Technavio's analysts have predicted that the research and development (R&D) outsourcing services market will register a CAGR of over 8% by 2023.

Market Overview

Outsourcing R&D services is a cost-effective solution

Maintaining in-house R&D services can be a costly affair for many enterprises, especially small and mid-sized (SMEs) in industries such as construction and consumer electronics. These enterprises incur significant overhead expenses, including training, equipment, and administrative costs. Such expenses can be eliminated by outsourcing R&D services to vendors. 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. 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.

Threat to data security and privacy

Security is the most critical concern for enterprises that outsource R&D tasks to third parties. While outsourcing R&D tasks, enterprises must permit vendors to access confidential data. They do not have control over the internal processes, policies, and systems of R&D service providers and lack of awareness about the security protocols used. Giving access to confidential data to vendors can be a challenge for enterprises. The threat to data security and privacy might restrict enterprises from outsourcing their R&D tasks to vendors, which can impact the growth of the global R&D outsourcing services market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the research and development (R&D) outsourcing services market during 2019-2023.

Competitive Landscape

The market appears to be highly fragmented. The presence of several companies, including HCL Technologies Ltd. and Infosys Ltd. makes the competitive environment quite intense. Factors such as the increasing need to focus on core competencies and the increased access to global talent pool by enterprises will provide significant growth opportunities to the research and development (R&D) outsourcing services manufacturers. Tata Consultancy Services Ltd., Tech Mahindra Ltd., and Wipro Ltd. are some of the major companies covered in this report.

Table of Contents
Product Code: IRTNTR31335

TABLE OF CONTENTS

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

List of Exhibits

  • Exhibit 01: Global information technology (IT) services market
  • Exhibit 02: Segments of global information technology (IT) services market
  • Exhibit 03: Market characteristics
  • Exhibit 04: Market segments
  • Exhibit 05: Market definition - Inclusions and exclusions checklist
  • Exhibit 06: Market size 2018
  • Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
  • Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 09: Five forces analysis 2018
  • Exhibit 10: Five forces analysis 2023
  • Exhibit 11: Bargaining power of buyers
  • Exhibit 12: Bargaining power of suppliers
  • Exhibit 13: Threat of new entrants
  • Exhibit 14: Threat of substitutes
  • Exhibit 15: Threat of rivalry
  • Exhibit 16: Market condition - Five forces 2018
  • Exhibit 17: End-user - Market share 2018-2023 (%)
  • Exhibit 18: Comparison by end-user
  • Exhibit 19: Automotive - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 20: Cumulative growth rate for vehicle production 2012-2017 (%)
  • Exhibit 21: Automotive - Year-over-year growth 2019-2023 (%)
  • Exhibit 22: Consumer electronics - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 23: Consumer electronics - Year-over-year growth 2019-2023 (%)
  • Exhibit 24: Telecommunications - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 25: Telecommunications - Year-over-year growth 2019-2023 (%)
  • Exhibit 26: Semiconductor - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 27: Semiconductor - Year-over-year growth 2019-2023 (%)
  • Exhibit 28: Aerospace - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 29: Aerospace - Year-over-year growth 2019-2023 (%)
  • Exhibit 30: Healthcare - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 31: Healthcare - Year-over-year growth 2019-2023 (%)
  • Exhibit 32: Construction - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 33: New privately-owned housing units completed (in thousand units)
  • Exhibit 34: Construction - Year-over-year growth 2019-2023 (%)
  • Exhibit 35: Other end-users - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 36: Other end-users - Year-over-year growth 2019-2023 (%)
  • Exhibit 37: Market opportunity by end-user
  • Exhibit 38: Customer landscape
  • Exhibit 39: Market share by geography 2018-2023 (%)
  • Exhibit 40: Geographic comparison
  • Exhibit 41: North America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 42: North America - Year-over-year growth 2019-2023 (%)
  • Exhibit 43: Europe - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 44: Europe - Year-over-year growth 2019-2023 (%)
  • Exhibit 45: APAC - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 46: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 47: South America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 48: South America - Year-over-year growth 2019-2023 (%)
  • Exhibit 49: MEA - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 50: MEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 51: Key leading countries
  • Exhibit 52: Market opportunity
  • Exhibit 53: Impact of drivers and challenges
  • Exhibit 54: Vendor landscape
  • Exhibit 55: Landscape disruption
  • Exhibit 56: Vendors covered
  • Exhibit 57: Vendor classification
  • Exhibit 58: Market positioning of vendors
  • Exhibit 59: HCL Technologies Ltd. - Vendor overview
  • Exhibit 60: HCL Technologies Ltd. - Business segments
  • Exhibit 61: HCL Technologies Ltd. - Organizational developments
  • Exhibit 62: HCL Technologies Ltd. - Geographic focus
  • Exhibit 63: HCL Technologies Ltd. - Segment focus
  • Exhibit 64: HCL Technologies Ltd. - Key offerings
  • Exhibit 65: Infosys Ltd. - Vendor overview
  • Exhibit 66: Infosys Ltd. - Business segments
  • Exhibit 67: Infosys Ltd. - Organizational developments
  • Exhibit 68: Infosys Ltd. - Geographic focus
  • Exhibit 69: Infosys Ltd. - Segment focus
  • Exhibit 70: Infosys Ltd. - Key offerings
  • Exhibit 71: Tata Consultancy Services Ltd. - Vendor overview
  • Exhibit 72: Tata Consultancy Services Ltd. - Business segments
  • Exhibit 73: Tata Consultancy Services Ltd. - Organizational developments
  • Exhibit 74: Tata Consultancy Services Ltd. - Geographic focus
  • Exhibit 75: Tata Consultancy Services Ltd. - Segment focus
  • Exhibit 76: Tata Consultancy Services Ltd. - Key offerings
  • Exhibit 77: Tech Mahindra Ltd. - Vendor overview
  • Exhibit 78: Tech Mahindra Ltd. - Business segments
  • Exhibit 79: Tech Mahindra Ltd. - Organizational developments
  • Exhibit 80: Tech Mahindra Ltd. - Geographic focus
  • Exhibit 81: Tech Mahindra Ltd. - Segment focus
  • Exhibit 82: Tech Mahindra Ltd. - Key offerings
  • Exhibit 83: Wipro Ltd. - Vendor overview
  • Exhibit 84: Wipro Ltd. - Business segments
  • Exhibit 85: Wipro Ltd. - Organizational developments
  • Exhibit 86: Wipro Ltd. - Geographic focus
  • Exhibit 87: Wipro Ltd. - Segment focus
  • Exhibit 88: Wipro Ltd. - Key offerings
  • Exhibit 89: Validation techniques employed for market sizing
  • Exhibit 90: Definition of market positioning of vendors
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