R&D Outsourcing Market Will Hit at a CAGR of 8.10% by 2019: HCL Technologies, Infosys, Tata Consultancy Services, Wipro
R&D outsourcing refers to the outsourcing of specific R&D activities to third-party service providers for designing, prototyping, testing, production, and sales. The need to survive in extremely competitive market environments has forced organizations to outsource their R&D operations to third-party service providers. R&D outsourcing enables organizations to develop innovative and cost-effective products in a short time. Also, R&D outsourcing services help organizations access talented and skilled engineering professionals from across the globe. Thus, R&D outsourcing enables organizations to develop an...
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