DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The "Global Engineering Research and Development Services Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The Global Engineering Research and Development Services Market to grow at a CAGR of 1.31% during the period 2018-2022.

Global Engineering Research and Development Services Market 2018-2022 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated by the major ER&D services offered by the vendors.

According to the report, one driver influencing this market is the need for technological innovations. The advent of technologies such as AI, ML, deep learning, blockchain, and quantum computing has increased the focus of organizations on mitigating disruption. One trend affecting this market is the advent of industry 4.0. Industry 4.0 refers to the use of emerging digital technologies and smart manufacturing and the automation of businesses and production processes to create connected, automated, and smart production systems.

Further, the report states that one challenge affecting this market is the lack of quality control. ER&D services are associated with a lack of quality control and loss of process visibility due to outsourcing.

Market trends

Advent of Industry 4.0 Rising wages in ER&D destinations Growing captive operations in emerging economies

Key vendors

Accenture HCL Technologies Infosys TCS Wipro

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Market Segmentation By End-User

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/lnggt7/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005768/en/

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Related Topics:Engineering

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/04/2018 02:36 PM/DISC: 09/04/2018 02:36 PM

http://www.businesswire.com/news/home/20180904005768/en