Albany, NY -- (SBWIRE) -- 03/21/2018 -- 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 economical cost structure, use resources in the best possible way, and focus on core competencies.

Technavio's analysts forecast the global R&D outsourcing market to grow at a CAGR of 8.10 percent over the period 2014-2019.

Covered in this report

Global R&D outsourcing market is segmented on the basis of end-users as well as by geography based on three key regions of the Americas, the EMEA, and the APAC.

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Technavio's report, Global R&D Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape of Global R&D outsourcing market and its growth prospects in the coming years. The report also includes the profile of key vendors operating in this market.

Key vendors
HCL Technologies
Infosys
Tata Consultancy Services
Wipro

Other prominent vendors
Aricent
Aspire Systems
Beyondsoft
Blue Star Infotech
Calsoft Labs
Cyient
EPAM Systems
GlobalLogic
iGATE
KPIT Technologies
Larsen & Toubro
MindTree
Pactera Technology International
QuEST Global Services
Sonata Software
Symphony Teleca
Tata Elxsi
Tata Technologies
Tech Mahindra

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Market driver
Reduced cost and risk
For a full, detailed list, view our report

Market challenge
IP ownership issues
For a full, detailed list, view our report

Market trend
Virtual R&D
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?