Global Research and Development Outsourcing Services Market 2024-2028

The research and development outsourcing services market is forecasted to grow by USD 3894.6 mn during 2023-2028, accelerating at a CAGR of 8.11% during the forecast period. The report on the research and development outsourcing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost-effective nature of outsourcing research and development services, increasing need for end-users to focus on core competencies, and increased access to global talent pool.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.59%
CAGR	8.11%
Incremental Value	$3894.6mn

Technavio's research and development outsourcing services market is segmented as below:

By End-user

Automotive
Consumer electronics
Telecommunications
Semiconductor
Others

By Type

Large enterprises
Small and medium enterprises

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emergence of industry 4.0 as one of the prime reasons driving the research and development outsourcing services market growth during the next few years. Also, increase in merger and acquisition activities and advent of IoT will lead to sizable demand in the market.

The report on the research and development outsourcing services market covers the following areas:

Research and development outsourcing services market sizing
Research and development outsourcing services market forecast
Research and development outsourcing services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading research and development outsourcing services market vendors that include Accenture Plc, Altair Engineering Inc., Capgemini Service SAS, Carl Zeiss AG, Cisco Systems Inc., Cyient Ltd., DXC Technology Co., HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, Infosys Ltd., Kistler Holding AG, KPIT Technologies Ltd., Mindfire Solutions, Quest Global Services Pte. Ltd., Sonata Software Ltd., Tata Sons Pvt. Ltd., Tech Mahindra Ltd., Wipro Ltd., and Mindtree Ltd.. Also, the research and development outsourcing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44675

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global research and development outsourcing services market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global research and development outsourcing services market 2018 - 2022 ($ million)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Automotive - Market size and forecast 2023-2028
Exhibit 34: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
6.4 Consumer electronics - Market size and forecast 2023-2028
Exhibit 38: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
6.5 Telecommunications - Market size and forecast 2023-2028
Exhibit 42: Chart on Telecommunications - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Telecommunications - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Telecommunications - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Telecommunications - Year-over-year growth 2023-2028 (%)
6.6 Semiconductor - Market size and forecast 2023-2028
Exhibit 46: Chart on Semiconductor - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Data Table on Semiconductor - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Chart on Semiconductor - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Semiconductor - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ million)
Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 56: Chart on Type - Market share 2023-2028 (%)
Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Large enterprises - Market size and forecast 2023-2028
Exhibit 60: Chart on Large enterprises - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Large enterprises - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Large enterprises - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Large enterprises - Year-over-year growth 2023-2028 (%)
7.4 Small and medium enterprises - Market size and forecast 2023-2028
Exhibit 64: Chart on Small and medium enterprises - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Small and medium enterprises - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Small and medium enterprises - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Small and medium enterprises - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 68: Market opportunity by Type ($ million)
Exhibit 69: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 India - Market size and forecast 2023-2028
Exhibit 107: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on India - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ million)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Accenture Plc
Exhibit 123: Accenture Plc - Overview
Exhibit 124: Accenture Plc - Business segments
Exhibit 125: Accenture Plc - Key news
Exhibit 126: Accenture Plc - Key offerings
Exhibit 127: Accenture Plc - Segment focus
12.4 Altair Engineering Inc.
Exhibit 128: Altair Engineering Inc. - Overview
Exhibit 129: Altair Engineering Inc. - Business segments
Exhibit 130: Altair Engineering Inc. - Key news
Exhibit 131: Altair Engineering Inc. - Key offerings
Exhibit 132: Altair Engineering Inc. - Segment focus
12.5 Capgemini Service SAS
Exhibit 133: Capgemini Service SAS - Overview
Exhibit 134: Capgemini Service SAS - Business segments
Exhibit 135: Capgemini Service SAS - Key news
Exhibit 136: Capgemini Service SAS - Key offerings
Exhibit 137: Capgemini Service SAS - Segment focus
12.6 Carl Zeiss AG
Exhibit 138: Carl Zeiss AG - Overview
Exhibit 139: Carl Zeiss AG - Business segments
Exhibit 140: Carl Zeiss AG - Key offerings
Exhibit 141: Carl Zeiss AG - Segment focus
12.7 Cisco Systems Inc.
Exhibit 142: Cisco Systems Inc. - Overview
Exhibit 143: Cisco Systems Inc. - Business segments
Exhibit 144: Cisco Systems Inc. - Key news
Exhibit 145: Cisco Systems Inc. - Key offerings
Exhibit 146: Cisco Systems Inc. - Segment focus
12.8 Cyient Ltd.
Exhibit 147: Cyient Ltd. - Overview
Exhibit 148: Cyient Ltd. - Business segments
Exhibit 149: Cyient Ltd. - Key offerings
Exhibit 150: Cyient Ltd. - Segment focus
12.9 DXC Technology Co.
Exhibit 151: DXC Technology Co. - Overview
Exhibit 152: DXC Technology Co. - Business segments
Exhibit 153: DXC Technology Co. - Key news
Exhibit 154: DXC Technology Co. - Key offerings
Exhibit 155: DXC Technology Co. - Segment focus
12.10 Hitachi Ltd.
Exhibit 156: Hitachi Ltd. - Overview
Exhibit 157: Hitachi Ltd. - Business segments
Exhibit 158: Hitachi Ltd. - Key news
Exhibit 159: Hitachi Ltd. - Key offerings
Exhibit 160: Hitachi Ltd. - Segment focus
12.11 IAV GmbH
Exhibit 161: IAV GmbH - Overview
Exhibit 162: IAV GmbH - Product / Service
Exhibit 163: IAV GmbH - Key offerings
12.12 Infosys Ltd.
Exhibit 164: Infosys Ltd. - Overview
Exhibit 165: Infosys Ltd. - Business segments
Exhibit 166: Infosys Ltd. - Key news
Exhibit 167: Infosys Ltd. - Key offerings
Exhibit 168: Infosys Ltd. - Segment focus
12.13 Kistler Holding AG
Exhibit 169: Kistler Holding AG - Overview
Exhibit 170: Kistler Holding AG - Product / Service
Exhibit 171: Kistler Holding AG - Key offerings
12.14 KPIT Technologies Ltd.
Exhibit 172: KPIT Technologies Ltd. - Overview
Exhibit 173: KPIT Technologies Ltd. - Product / Service
Exhibit 174: KPIT Technologies Ltd. - Key offerings
12.15 Mindtree Ltd.
Exhibit 175: Mindtree Ltd. - Overview
Exhibit 176: Mindtree Ltd. - Business segments
Exhibit 177: Mindtree Ltd. - Key offerings
Exhibit 178: Mindtree Ltd. - Segment focus
12.16 Tata Sons Pvt. Ltd.
Exhibit 179: Tata Sons Pvt. Ltd. - Overview
Exhibit 180: Tata Sons Pvt. Ltd. - Business segments
Exhibit 181: Tata Sons Pvt. Ltd. - Key offerings
Exhibit 182: Tata Sons Pvt. Ltd. - Segment focus
12.17 Wipro Ltd.
Exhibit 183: Wipro Ltd. - Overview
Exhibit 184: Wipro Ltd. - Business segments
Exhibit 185: Wipro Ltd. - Key news
Exhibit 186: Wipro Ltd. - Key offerings
Exhibit 187: Wipro Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations