What Does The Global Research And Development Outsourcing Services Market Size Look Like In The Current Landscape And Future?
The research and development outsourcing services market size has exhibited strong growth in recent years. It stands to grow from $8.89 billion in 2024 to $9.64 billion in 2025 at a CAGR of 8.4%. The growth in the historic period can be attributed to increased complexity of R&D activities, growing need for cost optimization, increased competition in the market, growing demand for specialized expertise, need for faster time-to-market.
Forecast period growth indicates a rise to $13.95 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. This surge is owed to increasing adoption of cloud-based services, growing demand for customized R&D services, increased demand for R&D services in emerging economies, and a focus on core competencies by outsourcing non-core R&D functions. Major trends include integration of artificial intelligence and machine learning, expansion of outsourcing services beyond traditional industries, increased use of data analytics for research insights, rise in demand for end-to-end R&D outsourcing solutions, and collaboration between small and large enterprises.
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How Are Global Talent Access Driving The Research And Development Outsourcing Services Market?
Enterprises’ increased access to the global talent outsourcing service is propelling the research and development outsourcing services market. Companies are pooling talent from around the world to meet their demands and requirements. Global talent enhances 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. The 2022 Global Software Outsourcing Trends and Rates Guide report suggests that 64 % of companies outsource their application development to other enterprises requiring enhanced expertise from external partners such as an IT outsourcing firm. Therefore, increasing access to global outsourcing services will drive the research and development outsourcing services market.
What Are The Key Segments Within Global Research And Development Outsourcing Services Market?
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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What Companies Are Dominating The Research And Development Outsourcing Services Market?
Major companies operating in the research and development outsourcing services market include Cyient Limited, GlobalLogic Inc., HCL Technologies Ltd., Tech Mahindra Ltd., Mindtree Ltd., Accenture plc, Altair Engineering Inc., Capgemini Service SAS, Cisco Systems Inc., DXC Technology Company, Hitachi Ltd., Kistler Holding AG, KPIT Technologies Ltd., QuEST Global Services Pte. Ltd., Sonata Software Ltd., Tata Consultancy Services Ltd., Wipro Ltd., Aricent Inc., Cognizant Technology Solutions Corp., EPAM Systems Inc., Luxoft Holding Inc., Synechron Inc., WNS Global Services Pvt. Ltd., Infosys BPM Ltd., Aspire Systems Inc., Microsoft Corporation, Samsung Electronics Co. Ltd., Intel Corporation, Beyondsoft Corporation, Blue Star Infotech Ltd., Asahi Kasei Corporation, L&T Technology Services Limited.
What Are The Emerging Trends In Research And Development Outsourcing Services Market?
Partnerships and collaborations are emerging trends gaining popularity in the research and development outsourcing market. Major technology providers are partnering with different companies to advance their developments in the market. For example, in January 2022, Eli Lilly and Company, a US-based pharmaceutical company partnered with Evotec SE a Germany-based drug discovery and development company for metabolic disease drug discovery. Evotec will take on the responsibility of identifying potential drug candidates for the treatment of diabetes and chronic kidney diseases, either from targets identified by Lilly or by Evotec.
What Regions Are Poised for Rapid Growth in the Research And Development Outsourcing Services Market?
North America was the largest region in the research and development outsourcing services market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The research and development outsourcing services market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Research And Development Outsourcing Services Market Report 2025 Offer?
Research and development outsourcing services constitute companies hiring other companies to manage R&D duties and operations previously performed by the company’s staff. R&D outsourcing aims to reduce costs, reduce business risks, and accelerate product market entry. This outsourcing function boosts organizational effectiveness, shorter product development cycles, access to high technology, or restructured and improved resource use. The Research And Development Outsourcing Services Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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