NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The "Engineering Research and Development Services Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 513.86 billion and accelerate at a CAGR of 12.75% during the forecast period. According to the report, the market will observe substantial growth in North America. The high demand for short product lifecycles and technological innovations in industries are creating significant growth opportunities for vendors operating in the region.

Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios. Download Sample PDF Report

The global engineering research and development services market is fragmented due to the presence of several local, regional, and global vendors, which offer a gamut of undifferentiated services. The competition consists of large MNCs, off-shore service providers, captive vendors, regional vendors, and the in-house R&D departments of organizations. Large vendors cater to a diversified portfolio of industries, and small vendors concentrate on niche markets. The low barriers to entry encourage several SMEs and startups to enter the market by offering niche services, which will intensify competition and force the established vendors to focus on product development and innovation.

The need for technological innovation has been instrumental in driving the growth of the market. However, the lack of quality control might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The report identifies ABB Ltd., Accenture Plc, AECOM, ALTEN Group, Cognizant Technology Solutions Corp., Happiest Minds Technologies Ltd., HCL Technologies Ltd., iNCAETEK Solutions Pvt. Ltd., Infosys Ltd., Magnasoft Consulting India Pvt. Ltd., QuEST Global Services Pte. Ltd., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Virtusa Corp., Wipro Ltd., Capgemini Service SAS, and Tata Sons Pvt. Ltd. as major market participants. Request Sample Report Here

The global engineering research and development services market is segmented as below:

• End-user 
• • IT and Telecom
  • Automotive
  • Semiconductor
  • Aerospace
  • Others

The IT and telecom industry is the prime end-user in the market. The growing demand for the deployment of secure software solutions that can accommodate modern heterogeneous IT infrastructure is driving the growth of the segment.  The market growth in the segment will be significant over the forecast period.

• Geography 
• • North America
  • APAC
  • Europe
  • South America
  • The Middle East and Africa

42% of the market growth will come from North America. Favorable macroeconomic conditions and the rising adoption of RPA are expected to drive the growth of the engineering research and development services market in North America during the forecast period. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The engineering research and development services market report covers the following areas:

• Engineering Research and Development Services Market Size
• Engineering Research and Development Services Market Trends
• Engineering Research and Development Services Market Industry Analysis

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist engineering research and development services market growth during the next five years
• Estimation of the engineering research and development services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the engineering research and development services market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of engineering research and development services market vendors

• Engineering Services Outsourcing Market by Sourcing, End-user, and Geography - Forecast and Analysis 2022-2026
• Engineering Services Outsourcing Market in US by End-user - Forecast and Analysis 2021-2025

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 Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
  • Exhibit 06: Executive Summary – Chart on Incremental Growth
  • Exhibit 07: Executive Summary – Data Table on Incremental Growth
  • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• • Exhibit 09: Parent market
  • Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• • Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• • Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
  • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• • Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
  • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• • Exhibit 26: Chart on Comparison by End-user
  • Exhibit 27: Data Table on Comparison by End-user

• 5.3 IT and telecom - Market size and forecast 2021-2026 
• • Exhibit 28: Chart on IT and telecom - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 29: Data Table on IT and telecom - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 30: Chart on IT and telecom - Year-over-year growth 2021-2026 (%)
  • Exhibit 31: Data Table on IT and telecom - Year-over-year growth 2021-2026 (%)

• 5.4 Automotive - Market size and forecast 2021-2026 
• • Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
  • Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

• 5.5 Semiconductor - Market size and forecast 2021-2026 
• • Exhibit 36: Chart on Semiconductor - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 37: Data Table on Semiconductor - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 38: Chart on Semiconductor - Year-over-year growth 2021-2026 (%)
  • Exhibit 39: Data Table on Semiconductor - Year-over-year growth 2021-2026 (%)

• 5.6 Aerospace - Market size and forecast 2021-2026 
• • Exhibit 40: Chart on Aerospace - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 41: Data Table on Aerospace - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 42: Chart on Aerospace - Year-over-year growth 2021-2026 (%)
  • Exhibit 43: Data Table on Aerospace - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
  • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• • Exhibit 48: Market opportunity by End-user ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
  • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• • Exhibit 52: Chart on Geographic comparison
  • Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
  • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026 
• • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
  • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026 
• • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
  • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
  • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
  • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 India - Market size and forecast 2021-2026 
• • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
  • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026 
• • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
  • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026 
• • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
  • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026 
• • Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
  • Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• • Exhibit 94: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• • Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• • Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks
• • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• • Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• • Exhibit 100: Matrix on vendor position and classification

• 10.3 Accenture Plc
• • Exhibit 101: Accenture Plc - Overview
  • Exhibit 102: Accenture Plc - Business segments
  • Exhibit 103: Accenture Plc - Key news
  • Exhibit 104: Accenture Plc - Key offerings
  • Exhibit 105: Accenture Plc - Segment focus

• 10.4 ALTEN Group
• • Exhibit 106: ALTEN Group - Overview
  • Exhibit 107: ALTEN Group - Product / Service
  • Exhibit 108: ALTEN Group - Key news
  • Exhibit 109: ALTEN Group - Key offerings

• 10.5 Capgemini Service SAS 
• • Exhibit 110: Capgemini Service SAS - Overview
  • Exhibit 111: Capgemini Service SAS - Business segments
  • Exhibit 112: Capgemini Service SAS - Key news
  • Exhibit 113: Capgemini Service SAS - Key offerings
  • Exhibit 114: Capgemini Service SAS - Segment focus

• 10.6 Cognizant Technology Solutions Corp. 
• • Exhibit 115: Cognizant Technology Solutions Corp. - Overview
  • Exhibit 116: Cognizant Technology Solutions Corp. - Business segments
  • Exhibit 117: Cognizant Technology Solutions Corp. - Key news
  • Exhibit 118: Cognizant Technology Solutions Corp. - Key offerings
  • Exhibit 119: Cognizant Technology Solutions Corp. - Segment focus

• 10.7 HCL Technologies Ltd. 
• • Exhibit 120: HCL Technologies Ltd. - Overview
  • Exhibit 121: HCL Technologies Ltd. - Business segments
  • Exhibit 122: HCL Technologies Ltd. - Key news
  • Exhibit 123: HCL Technologies Ltd. - Key offerings
  • Exhibit 124: HCL Technologies Ltd. - Segment focus

• 10.8 Infosys Ltd.
• • Exhibit 125: Infosys Ltd. - Overview
  • Exhibit 126: Infosys Ltd. - Business segments
  • Exhibit 127: Infosys Ltd. - Key news
  • Exhibit 128: Infosys Ltd. - Key offerings
  • Exhibit 129: Infosys Ltd. - Segment focus

• 10.9 QuEST Global Services Pte. Ltd. 
• • Exhibit 130: QuEST Global Services Pte. Ltd. - Overview
  • Exhibit 131: QuEST Global Services Pte. Ltd. - Key offerings

• 10.10 Tata Consultancy Services Ltd. 
• • Exhibit 132: Tata Consultancy Services Ltd. - Overview
  • Exhibit 133: Tata Consultancy Services Ltd. - Business segments
  • Exhibit 134: Tata Consultancy Services Ltd. - Key news
  • Exhibit 135: Tata Consultancy Services Ltd. - Key offerings
  • Exhibit 136: Tata Consultancy Services Ltd. - Segment focus

• 10.11 Tech Mahindra Ltd.
• • Exhibit 137: Tech Mahindra Ltd. - Overview
  • Exhibit 138: Tech Mahindra Ltd. - Business segments
  • Exhibit 139: Tech Mahindra Ltd. - Key offerings
  • Exhibit 140: Tech Mahindra Ltd. - Segment focus

• 10.12 Wipro Ltd.
• • Exhibit 141: Wipro Ltd. - Overview
  • Exhibit 142: Wipro Ltd. - Business segments
  • Exhibit 143: Wipro Ltd. - Key news
  • Exhibit 144: Wipro Ltd. - Key offerings
  • Exhibit 145: Wipro Ltd. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• • Exhibit 146: Inclusions checklist
  • Exhibit 147: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• • Exhibit 148: Currency conversion rates for US$

• 11.4 Research methodology
• • Exhibit 149: Research methodology
  • Exhibit 150: Validation techniques employed for market sizing
  • Exhibit 151: Information sources

• 11.5 List of abbreviations 
• • Exhibit 152: List of abbreviations

• Engineering and Research and Development Services

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/engineering-research-and-development-services-market-to-record-usd-513-86-bn-growth-north-america-to-have-the-largest-market-share--technavio-301641238.html

SOURCE Technavio