Global Engineering Research & Development (ER&D) Outsourcing Market: Trends & Forecasts (2019-2023)

DELHI, India - April 3, 2019 - PRLog -- The report entitled "Global Engineering Research & Development (ER&D) Outsourcing Market: Size, Trends & Forecasts (2019-2023)", provides an analysis of the global ER&D outsourcing market with market sizing and growth. The analysis includes market size in terms of value, market share by segments, and growth outlook of end-users of the market. A brief segment analysis has also been provided in the report with their historical and forecasted value.

The report also assesses the key opportunities available in the engineering research & development (ER&D) outsourcing market and outlines the factors that are and will be driving the growth of the industry. Growth of the market has forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Global engineering research & development (ER&D) outsourcing market is highly fragmented, as the top ten players accounted for one-tenth market share globally. Altran Technologies, Alten Group, Akka Technologies, and Bertrandt AG are major players in the global market whose company profiling has been done in the report. This segment of the report provides business overview, financial overview, and business strategies adopted by the respective companies.

Company Coverage

Altran Technologies
Alten Group
Akka Technologies
Bertrandt AG

Executive Summary

Outsourcing refers to apportionment of specific business processes to an external service provider who is specialist in the same In many situations an organization is not able to control all aspects of business process internally. Moreover, some processes are temporary in nature and organizations do no want to hire professionals to perform such tasks.

Engineering services research and development industry is at the point of revolution which is boosted by rising consumer demand and disturbance in technology. Major industries are progressively concentrating on developing engineering research and development (ER&D) products that can assimilate with digital consumer network and this transformation led the demand for ER&D research and development outsourcing industry. Engineering research & development outsourcing market is categorized into three major segments namely mechanic, embedded IT, and software. Major end users of engineering research & development (ER&D) outsourcing market includes automobile, aeronautics, telecom, rail, software & internet industry etc.

The global research & development outsourcing market has shown rising trends over the past few years and is anticipated to grow at tremendous growth rate over the forecasted period as well. Lack of skilled personnel, and rising demand for cist reduction are some of the major factors driving the growth of the industry. Other growth drivers such as shorter project lifecycle, cost saving from lower labor wages, industry consolidation, and growing offshore outsourcing demand would propel the growth of the market over the next five years. However, the growth of the market is restrained by some factors which include risk associated with intellectual property outsourcing, and lack of domain expertise.

List of Figures:

Figure 1: Reason for Outsourcing Research & Development
Figure 2: Engineering Research & Development (ER&D) Market Evolution
Figure 3: Engineering Research & Development Outsourcing Segments
Figure 4: Global Research & Development Market by Value; 2017-2018 (US$ Trillion)
Figure 5: Global Research & Development Market by Value; 2019-2023E (US$ Trillion)
Figure 6: Global Engineering Research & Development (ER&D) Outsourcing Market by Value; 2015-2018 (US$ Billion)
Figure 7: Global Engineering Research & Development (ER&D) Outsourcing Market by Value; 2019-2023E (US$ Billion)
Figure 8: Global Engineering Research & Development (ER&D) Outsourcing Market by Segments; 2018
Figure 9: Global Mechanic ER&D Outsourcing Market by Value; 2017-2018 (US$ Billion)
Figure 10: Global Mechanic ER&D Outsourcing Market by Value; 2019-2023E (US$ Billion)
Figure 11: Global Software ER&D Outsourcing Market by Value; 2017-2018 (US$ Billion)
Figure 12: Global Software ER&D Outsourcing Market by Value; 2019-2023E (US$ Billion)
Figure 13: Global Embedded IT ER&D Outsourcing Market by Value; 2017-2018 (US$ Billion)
Figure 14: Global Embedded IT ER&D Outsourcing Market by Value; 2019-2023E (US$ Billion)
Figure 15: Global ER&D Outsourcing Market by Players; 2017
Figure 16: Europe ER&D Outsourcing Market Players by Revenue; 2017
Figure 17: Altran Technologies Revenue; 2013-2018 (US$ Billion)
Figure 18: Altran Technologies Revenue by Segments; 2017
Figure 19: Altran Technologies Revenue by Geography; 2017
Figure 20: Alten Group Revenue; 2014-2018 (US$ Billion)
Figure 21: Alten Group Revenue by Segments; 2018
Figure 22: Alten Group Revenue by Geography; 2018
Figure 23: AKKA Technologies Revenue; 2013-2017 (US$ Billion)
Figure 24: AKKA Technologies Revenue by Segments; 2017
Figure 25: Bertrandt AG Revenue; 2014-2018 (US$ Billion)
Table 1: Outsourcing Advantages & Disadvantages
Table 2: Engineering Research & Development Outsourcing End-Users
Table 3: Engineering Research & Development (ER&D) Outsourcing End-Users Growth Outlook
Table 4: Mergers & Acquisition Deals of Top Three Players; 2010-2018
Table 5: Global ER&D Outsourcing Market Players by Revenue; 2015-2017
Table 6: Global ER&D Outsourcing Market Players Competitive Landscape
Table 7: Overview of Altran Digital and Altran Engineering
Table 8: Altran Technologies Industries and Clients
Table 9: Alten Group Business Overview

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