Pune, Maharashtra -- (SBWIRE) -- 01/08/2020 -- Engineering R&D Services Outsourcing Market 2020

Description: -

Global engineering R&D services outsourcing market is anticipated to reach more than USD 650 billion by 2025. The major factors which are driving this market is the access to low cost highly skilled resources which can work towards complex tasks of not only designing and testing but also on validation, simulation and execution. Companies are moving from business process outsourcing to knowledge process outsourcing and major industry verticals such as automotive, consumer electronics, semiconductors, aerospace and telecom are providing huge opportunities to the consulting companies. The traction of offshore outsourcing can be seen owing to the low cost and added capabilities from the service providers. There are dedicated ER&D service providers which are not only providing basic services but also, they are jointly investing with the companies to expand their businesses in growing markets and geographies. Companies are also focusing on expanding their market reach along with faster turnaround times from these providers. These are some of the major advantages for the companies to outsource their services.

The market for ER&D services has evolved from outsourcing of simple low-cost engineering services to capacity augmentation. At present companies are focusing more on reduced timelines, increased productivity and quality of outsourcing services. Countries such as India, China are among the biggest markets for ER&D service providers. Growing number of engineering professionals every year coupled with low cost of service have pushed the market for ER&D Outsourcing in this region.

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Major Key Players

Major players which are profiled in the study include HCL Technologies Limited, IAV GmbH, P+Z Engineering GmbH, Tata Consulting Services Limited, Wipro Limited, EDAG Engineering GmbH, ASAP Holdings GmbH, FEV Group, Cybage software, Kistler Instruments AG, Infosys Ltd, among others.

The research conducted by expert analysts has been combined here under one banner to provide an accurate report on the recent trends prevailing in the Engineering R&D Services Outsourcing market. There is a brief analysis offers the reader with genuine insight into the workings of the market as a whole. There is discussion regarding the numerous processes that make amalgamate to create the product/service. The study provides a look into how the competition prevailing in the market has impacted the growth of the product/service in the Engineering R&D Services Outsourcing market. The forecast period for this report is 2020 to 2026 with 2019 as the base year. Market dynamics have a visible effect on the performance of the product/service. The risks inherent also play a role in how the pricing for a product/service can be decided in the volatile market situation.

Drivers and Risks

The impact of the drivers and risks of the market on the pricing of the product/service in the Engineering R&D Services Outsourcing industry can be seen by analysing the historical data available. The data is studied to map the progress of the industry in the forecast period. Of all the historical information available, sales volume and pricing have been considered with great focus to understand the influence of existing risks and opportunities on the market performance.

Regional Description

The regional study of the Engineering R&D Services Outsourcing market focuses on the global arena of the industry. The production for the product/service by various manufacturers is spread over the entire globe. The main areas included in the report consist of manufacturers established in North America, Europe, Latin America, China, Japan, India, Southeast Asia, Middle East, and Africa. The demographic split of each region shows how the market performs, and its impact on market trends.

Method of Research

The model used in this report is Porter's Five Force Model. The model provides a considerably accurate analysis of the numerous aspects of the Engineering R&D Services Outsourcing industry. Assessment includes both qualitative and quantitative factors influencing the performance of the product/service. SWOT analysis the Strengths, Weaknesses, Opportunities, and Threats of the Engineering R&D Services Outsourcing industry to provide accurate information in the report. Market drivers, challenges, restraints give additional information to the readers.

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Table of Contents – Major Key Points

1. Overview and Scope

2. Executive Summary

3. Engineering R&D Services Outsourcing Market Insights

4. Engineering R&D Services Outsourcing Market Size and Forecast, 2018-2026 by Type

5. Engineering R&D Services Outsourcing Market Size and Forecast, 2018-2026 by Material

6. Engineering R&D Services Outsourcing Market Size and Forecast, 2018-2026 by End-User

7. Engineering R&D Services Outsourcing Market Size and Forecast, 2018-2026 by Region

8. Company Profiles

Continued….

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