Dublin, July 19, 2019 (GLOBE NEWSWIRE) -- The "Global Engineering Research & Development (ER&D) Outsourcing Market: Size, Trends & Forecasts (2019-2023)" report has been added to ResearchAndMarkets.com's offering.

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.

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.

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.

Key Topics Covered:

1. Executive Summary

2. Introduction
2.1 Outsourcing: An Overview
2.1.1 Outsourcing Reasons
2.1.2 Outsourcing: Growth Drivers
2.1.3 Outsourcing: Advantages & Disadvantages
2.2 Research & Development Outsourcing: An Overview
2.2.1 Reason for Outsourcing Research & Development
2.3 Engineering Research & Development Outsourcing: An Overview
2.3.1 Engineering Research & Development (ER&D) Market Evolution
2.3.2 Engineering Research & Development Outsourcing Segments
2.3.3 Engineering Research & Development Outsourcing End-Users

3. Global Market Analysis
3.1 Global Research & Development Market Analysis
3.1.1 Global Research & Development (R&D) Market by Value
3.2 Global ER&D Outsourcing Market Analysis
3.2.1 Global Engineering Research & Development (ER&D) Outsourcing Market by Value
3.2.2 Global Engineering Research & Development (ER&D) Outsourcing Market by Segments
3.3 Global ER&D Outsourcing Market: Segment Analysis
3.3.1 Global Mechanic ER&D Outsourcing Market by Value
3.3.2 Global Software ER&D Outsourcing Market by Value
3.3.3 Global Embedded IT ER&D Outsourcing Market by Value
3.4 Engineering ER&D Outsourcing Market: End-Users Analysis
3.4.1 Engineering Research & Development (ER&D) Outsourcing End-Users Growth Outlook

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Lack of Skilled Personnel
4.1.2 Improved Flexibility
4.1.3 Increasing Need for Cost Reduction
4.1.4 Shorter Project Lifecycle
4.1.5 Cross-Divisional Innovations in Major Industries
4.1.6 Cost Saving from Lower Labor Wages
4.2 Challenges
4.2.1 Risk Associated with Intellectual Property Outsourcing
4.2.2 Lack of Domain Expertise
4.2.3 Geo-Political Barriers
4.3 Market Trends
4.3.1 Industry Consolidation
4.3.2 Rising Outsourcing Spending
4.3.3 Industrial Revolution
4.3.4 Growing Offshore Outsourcing Demand

5. Competitive Landscape
5.1 Global ER&D Outsourcing Competitive Environment
5.2 Global ER&D Outsourcing Market Players by Revenue
5.3 Global ER&D Outsourcing Market by Players
5.4 Europe ER&D Outsourcing Market Players by Revenue
5.5 Global ER&D Outsourcing Market Players Competitive Landscape

6. Company Profiles
6.1 Altran Technologies
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy
6.2 Alten Group
6.3 Akka Technologies
6.4 Bertrandt AG

For more information about this report visit https://www.researchandmarkets.com/r/sctz26

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Related Topics: Engineering