Worldwide and U.S. Research and Development/Product Engineering Services 2013-2017 Forecast

Jan 07, 2014, 10:13 ET from ReportBuyer

LONDON, Jan. 7, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Worldwide and U.S. Research and Development/Product Engineering Services 2013-2017 Forecast

This IDC study forecasts fairly robust growth for the R&D/product engineering services market in the long term as technology product customers continue to move away from a labor arbitrage approach and award long-term outsourcing contracts for their product development, engineering, and innovation work to outsourcing vendors. IDC forecasts that customers will increase their outsourcing spend in 2014 for these services. IDC estimates these services to reach approximately $66.2 billion in 2017.

"The R&D/product engineering outsourcing services market has crossed the chasm and is now a serious contender for a larger share of the technology product customers' R&D dollars. Engineering services providers need to speed up their investments and messaging to convince and convey benefits to customers. As technology product companies attempt to understand their end customers better, providers will need to invest in social, mobile, analytics and cloud technologies, and industry-specific engineering services to provide the innovation and insight that will feed current and future product development," says Mukesh Dialani, research director, BPO and Engineering Services, IDC. "Providers need to elevate their capabilities, demonstrate value, and alleviate risk concerns. On their part, customers should approach the engineering services provider relationship as a long-term partnership and not just from a cost and labor arbitrage perspective."

Table of Contents

IDC Opinion

In This Study

Methodology

Research and Development/Product Engineering Services Definition

R&D/Product Engineering Services

Product Life-Cycle Management

Core Elements

R&D/Product Engineering Services Included in This Forecast

Target Industries

Situation Overview

Engineering Services Trends

Future Outlook

Forecast and Assumptions

Worldwide R&D/Product Engineering Services Forecast

Market Context

Essential Guidance

For Outsourcing Vendors

For Customers

Learn More

Related Research

Methodology

Historical Market Values and Exchange Rates

Synopsis

Table: Top 3 Assumptions for the Worldwide and U.S. Research and Development/Product Engineering Services Market, 2013-2017

Table: Key Forecast Assumptions for the Worldwide and U.S. Research and Development/Product Engineering Services Market, 2013-2017

Table: Worldwide Research and Development/Product Engineering Services Spending by Region, 2005-2017 ($B)

Table: U.S. Research and Development/Product Engineering Services Spending, 2005-2017

Table: Worldwide Research and Development/Product Engineering Services Offshore Spending, 2005-2017

Table: Worldwide Research and Development/Product Engineering Services Spending, 2005-2017: Comparison of December 2012 and December 2013 Forecasts ($B)

Table: Exchange Rates, 2003-2012 (%)

Figure: Product Life-Cycle Stages

Figure: R&D/Product Engineering Services Ecosystem

Figure: U.S. Top Drivers for Using R&D/Product Engineering Services

Figure: U.S. Top Barriers for Outsourcing R&D/Product Engineering Services

Figure: U.S. Top Selection Criteria for Providers of R&D/Product Engineering Services

Figure: Worldwide Research and Development/Product Engineering Services Spending, 2005-2017

Figure: U.S. Research and Development/Product Engineering Services Spending, 2005-2017

Figure: Worldwide Research and Development/Product Engineering Services Offshore Spending, 2005-2017

Figure: Worldwide Research and Development/Product Engineering Services Spending, 2005-2017: Comparison of December 2012 and December 2013 Forecasts

Read the full report:
Worldwide and U.S. Research and Development/Product Engineering Services 2013-2017 Forecast
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