New York, NY -- (SBWIRE) -- 11/25/2018 -- An Exclusive Market Reports "Global Engineering R&D Services Outsourcing Market Size Status and Forecast 2026", The report classifies the global Engineering R&D Services Outsourcing Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market.

The Engineering R&D Services Outsourcing market is expected to reach USD 650 billion by 2025 from USD 100 billion in 2017, at a CAGR of 26%.

Global engineering R&D services outsourcing market is anticipated to reach more than USD 650 billion by 2025 according to a new report published by Polaris Market Research. 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.

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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.

Global Engineering R&D Services Outsourcing Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer:

HCL Technologies Limited, Wipro Limited, Tata Consultancy Services Limited, Infosys Ltd, IAV Gmbh, P+Z Engineering GmbH, Kristler Instruments AG, Tata Technologies, Harman International, EASi, Capgemini, KPIT Technologies Ltd, Assystem, HTE Engineering, LLC, Vikram Solar Pvt. Ltd, Nordex SE, HORIBA, Ltd, and FEV Group.

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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Companies in North America and Europe are considered to spend more on these services however, Asia Pacific is the largest market for the ER&D service providers. Countries such as India and China have pushed the market for ER&D and are estimated to continue the trend over the forecast period. Applications in the automotive, telecom, consumer electronics and aerospace segments is considered to have large market share in 2017. There has been an increase in adoption in the offshore services as compared to onsite service due to low costs and highly skilled professionals on the offshore locations. The offshore outsourcing type would grow at a higher rate during the forecast period as compared to its counterpart. The major restrains this market is facing is the intellectual property theft specifically during the offshore outsourcing. This is the major problem faced by many companies, which eventually generates a loss for these companies. However due to strict laws and changing regulations, this challenge is expected to overcome during the forecast period.

Snapshot – Table Of Content

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 by Location, 2017-2025
5. Engineering R&D services outsourcing Market Size and Forecast by Application, 2017-2025
6. Engineering R&D Services Outsourcing: Insourcing vs Outsourcing
7. Engineering services outsourcing Market Size and Forecast by Regions, 2017-2025
8. Company Profiles.

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