Press release
Engineering Research And Development (ER&D) Outsourcing Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Engineering Research And Development (ER&D) Outsourcing
The Business Research Company offers in-depth market insights through Engineering Research And Development (ER&D) Outsourcing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The engineering research and development (ER&D) outsourcing market size has grown exponentially in recent years. It will grow from $433.91 billion in 2023 to $537.67 billion in 2024 at a compound annual growth rate (CAGR) of 23.9%. The growth in the historic period can be attributed to need for niche skills and expertise, increase in globalization, emergence of startups, rise of multi-national corporations, shifts in global economic conditions.
The engineering research and development (ER&D) outsourcing market size is expected to see exponential growth in the next few years. It will grow to $1288.8 billion in 2028 at a compound annual growth rate (CAGR) of 24.4%. The growth in the forecast period can be attributed to global talent shortages, increased regulatory complexity, need for flexibility, growing emphasis on sustainability, increased adoption of 5G. Major trends in the forecast period include artificial intelligence (AI) and machine learning (ML) integration, proliferation of IoT technologies, augmented reality (AR) and virtual reality (VR) implementation, remote collaboration tools.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=7890&type=smp
Market Segmentation:
The engineering research and development (ER&D) outsourcing market covered in this report is segmented -
1) By Type: Mechanic, Embedded IT, Software
2) By Location: Onsite, Offshore
3) By End User: Automotive, Consumer Electronics, Telecom, Heavy Machinery, Semiconductor, Computing System, Aerospace, Energy, Medical Devices, Other End Users
Major Driver - The Surge In Outsourcing Demand Propelling Growth In The Engineering Research And Development (ER&D) Outsourcing Market
Rising outsourcing demand is expected to propel the growth of the engineering research and development (ER&D) outsourcing market going forward. Outsourcing refers to the process of contracting out the research project to a development company that specializes in cutting-edge technology and employs knowledgeable engineers, skilled at creating profitable outsourcing partnerships. Outsourcing engineering services allow businesses to reduce work cost and reduce the costs associated with extra office space, labor, infrastructure, and operations. For instance, according to NASSCOM, an India-based National Association of Software and Service Companies, it is estimated that the global spending on engineering R&D (ER&D) to cross the $1.5 trillion mark by 2025-2026, of which $200 billion will be in the form of outsourced services. Therefore, the increase in rising outsourcing demand is driving the growth of the engineering research and development (ER&D) outsourcing market.
Competitive Landscape:
Major companies operating in the engineering research and development (ER&D) outsourcing market report are International Business Machines Corporation, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, DXC Technology Company, Harman International Industries, Wipro LTD., Tech Mahindra Limited, EPAM Systems lnc., Alten Group, HCL Technologies Limited, Altran Technologies SA, Horiba Ltd., Akka Technologies Group, Mindtree Limited, Bertrandt AG, L&T Technology Services Limited, GlobalLogic Inc., IAV Gmbh, Cyient Limited, Tata Technologies Limited, Assystem, Kistler Group, KPIT Technologies Limited, FEV Europe GmbH, Infosys Limited, Vikram Solar Pvt. Ltd., QuEST Global Services Pte. Ltd., Luxoft lnc., Wabtec Corporation, Siemens AG, Robert Bosch GmbH, ABB Ltd., Honeywell International Inc., NEC Corporation
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/engineering-research-and-development-outsourcing-global-market-report
Top Trend - Facility Expansion Trends In Engineering Research And Development Outsourcing
Major companies in this market are focusing on expanding their facilities to drive the development of the mining sector and meet market demand. A facility expansion refers to the process of increasing the capacity or capabilities of an existing facility. For instance, in May 2023, Applied Materials Inc., a US-based provider of engineering solutions, announced a facility expansion for collaborative research and development (R&D) in semiconductor process technology and manufacturing equipment. The extensive facility, with a multibillion-dollar investment, is strategically crafted to offer a unique combination of capabilities within the industry. It boasts over 180,000 square feet of cutting-edge cleanroom space-equivalent to more than three American football fields-dedicated to collaborative innovation with chipmakers, universities, and ecosystem partners. Purpose-built to expedite the introduction of new manufacturing advancements, the EPIC Center is anticipated to significantly shorten the industry's timeline for transitioning technologies from concept to commercialization, thereby enhancing the success rate of new innovations and maximizing the return on R&D investments across the semiconductor ecosystem.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Engineering Research And Development (ER&D) Outsourcing Market Characteristics
3. Engineering Research And Development (ER&D) Outsourcing Market Trends And Strategies
4. Engineering Research And Development (ER&D) Outsourcing Market - Macro Economic Scenario
5. Engineering Research And Development (ER&D) Outsourcing Market Size And Growth
…..
27. Engineering Research And Development (ER&D) Outsourcing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Engineering Research And Development (ER&D) Outsourcing Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 here
News-ID: 3416013 • Views: …
More Releases from The Business research company
Assessing Liquid Applied Membranes Market Demand and Segments: Insights into Ind …
The liquid applied membranes market size has grown strongly in recent years. It will grow from $18.89 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to infrastructure development, waterproofing requirements, increased construction activities, awareness of building envelope integrity, expansion of commercial and industrial sectors.
The liquid applied membranes market size is…
InsurTech (Insurance Technology) Market Size and Forecast 2033: Analyzing Growth …
The insurtech (insurance technology) market size has grown exponentially in recent years. It will grow from $14.37 billion in 2023 to $19.58 billion in 2024 at a compound annual growth rate (CAGR) of 36.2%. The growth in the historic period can be attributed to digital transformation in insurance, risen consumer expectations, data analytics and risk assessment, regulatory changes and compliance, emergence of insurtech startups.
The insurtech (insurance technology) market…
In Situ Hybridization Market Anticipated to Experience Robust Growth Due to Risi …
The in situ hybridization market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.72 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to early adoption in research, evolution of molecular biology tools, diagnostic applications development, shift in biomedical research focus, increasing investment in biotechnology..
The in situ hybridization…
Global HPV Testing And Pap Test Market Expected to Witness Significant Growth, D …
The hpv testing and pap test market size has grown rapidly in recent years. It will grow from $4.08 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to cervical cancer awareness campaigns, screening program implementations, government initiatives and funding, women's health advocacy, increased disease burden, gynecological examination practices.
The hpv testing…
More Releases for R&D
Siveco doubles China R&D investment
On July 3, 2019, Siveco China held its half-year management meeting at the prestigious Hellas House in Shanghai, a nod to the company's continuing growth on the Belt & Road. With financial results above target, high customer satisfaction (as shown in the latest audited customer satisfaction survey) and a sales pipeline more promising than ever, the company's management board announced that shareholders have approved its request for additional investment in…
R&D Collaborative Projects by GD Rectifiers
GD Rectifiers have extensive experience in collaborative R&D projects and are proud to work with some of the UK’s pioneering power electronic companies to drive design and innovation forward.
This R&D service helps drive GD Rectifiers forward as a cutting edge manufacturer embracing fundamental technologies that support product development that contribute to next generation products throughout: renewable energy, embedded systems, smart metrering and the rail industry.
Power Assemblies, Controllers and…
Transforming Pharmaceutical R&D with Data
ReportsWorldwide has announced the addition of a new report title Transforming Pharmaceutical R&D with Data to its growing collection of premium market research reports.
Transforming Pharmaceutical R&D with Data
In the current drug pricing environment, biopharmaceutical firms cannot afford to continue spending billions of dollars on development programs that are more than 90% likely to fail. Raising prices to compensate for expensive, risky research and development (R&D) is no longer an option…
Noliac is expanding the R&D team
Noliac is looking for two new colleagues for the R&D team in Prague, Czech Republic: A Precision/Fine Mechanics and an Electroengineer.
Precision/Fine Mechanics
For the R&D team in Prague, Czech Republic, Noliac is looking for a Precision/Fine mechanics to work on modifying existing products and work with developing new. Noliac requires a colleague who:
Is mechanically skilled with a focus on very small machinery.
Holds a technical high school degree or an apprenticeship…
Leiber GmbH further invests in R&D
Since February 2016, Leiber GmbH has been reinforced by Dr med vet Claudia Westfahl - a veterinarian specialized in animal nutrition - as part of the company's strategy to invest in new product developments. With the new position ‘Product Development Animal Nutrition’, Dr Westfahl is responsible for new product development in the field of functional feed ingredients for both pet as well as farm animals. After graduating at the University…
Rising R&D Funding for Nanotechnology
Global nanotechnology market has been registering marked increase in funds allocation by the countries across the world, especially with new product development that received huge momentum due to these funding. An increase in global public funding for R&D initiatives supports quick commercialization of nano-based products. Fundings from governments, corporations, and venture capital exhibited a CAGR growth of 1% during 2008-2012. In future, it is expected that nanotechnology funding will grow…
