Press release
Research And Development Outsourcing Services Global Market By Service, By Location, By Application, By Region And Segment Forecasts, 2022-2031 | Cyient Limited, GlobalLogic, HCL Technologies Ltd, Tech Mahindra Ltd, Mindtree
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The global research and development outsourcing services market report by the business research company identifies enterprises increased access to the global talent outsourcing service is expected to propel the research and development outsourcing services market. Companies are pooling talent from around the world to meet their demands and requirements. Global talent increases the diversity and breadth of experience in the current staff, increasing organizations' mobility. It helps to interact with workers from diverse cultures using a global talent pool. According to the 2022 Global Software Outsourcing Trends and Rates Guide report published by Accelerance, an outsourcing advisor providing software development resources states that 64 % of companies outsource their application development to other enterprises requiring enhanced expertise from external partners such as an IT outsourcing firm. Furthermore, Mid-sized businesses are driving software outsourcing demand, with average outsourcing increasing to 11.8 % from 9.1% in 2020. Therefore, increasing access to global outsourcing services will drive the research and development outsourcing services market.
The global research and development outsourcing services market is expected to grow from $7.18 billion in 2021 to $7.75 billion in 2022 at a compound annual growth rate (CAGR) of 8.02%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The research and development outsourcing services market is expected to reach $11.10 billion in 2026 at a CAGR of 9.40%.
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North America was the largest region in the research and development outsourcing services market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in research and development outsourcing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the research and development outsourcing services market are Cyient Limited, GlobalLogic, HCL Technologies Ltd, Tech Mahindra Ltd, Mindtree, Tata Consultancy Services Ltd, Wipro Ltd, Aricent Group, Aspire Systems Inc, Beyondsoft Corp, Kistler Instrumente AG, Microsoft Corporation, Samsung Electronics Co Ltd, Altair Engineering Inc, Capgemini Services SAS, and Kistler Instrumente AG.
The global research and development outsourcing services market is segmented -
1) By Type: On Shore, Off Shore
2) By Size: Small and Medium Enterprises, Large Enterprises
3) By End User: Automotive, Consumer Electronics, Telecommunications, Semiconductor, Aerospace, Healthcare, Construction
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The Research And Development Outsourcing Services Market Report Contents Include
1. Executive Summary
2. Research And Development Outsourcing Services Market Characteristics
3. Research And Development Outsourcing Services Market Trends And Strategies
4. Research And Development Outsourcing Services Market - Macro Economic Scenario
5. Research And Development Outsourcing Services Market Size And Growth
.....
26. Africa Research And Development Outsourcing Services Market
27. Research And Development Outsourcing Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Research And Development Outsourcing Services Market
29. Research And Development Outsourcing Services Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the research and development outsourcing services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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