In today’s world of continuously evolving technology landscape and intensifying competition, Research and Development (R&D) activities are playing an increasingly significant role than ever before for businesses to stay innovative, sustainable, and ready for the challenges of future.
The global spend on R&D activities grew at a Compound Annual Growth Rate (CAGR) of ~3.5% during 2010-2017. The widespread proliferation of software across verticals is leading to a shift in “core vs. context” for enterprises and is driving enterprise R&D investments in new areas beyond conventional investments for product development and upgrades.
Themes such as Artificial Intelligence (AI), Internet of Things (IoT), Machine to Machine (M2M) communication, Augmented Reality (AR) / Virtual Reality (VR), and Blockchain are finding use-cases across verticals and are enabling enterprises to innovate on both products and services while also realizing operational efficiencies. At the same time, industry-specific technology themes such as 5G, Software-Defined Everything (SDx), electric automotive powertrains, and additive manufacturing are also gaining significant traction.
In this research, Everest Group assesses the R&D expenditure across key industries in terms of growth trends and key technology themes driving enterprise spend. It also provides enterprise-level insights for leading R&D spenders in terms of their R&D spend growth, R&D intensity (R&D spend as a percentage of revenue), and key focus areas and investments.
Scope of this report
Services: Additive manufacturing
Geography: Global
Contents
The research covers the following topics:
Engineering Research & Development (ER&D) trends across seven industries, based on the top 200 companies
Details of ER&D spend, R&D spend intensity, and R&D efficiency for the top 30 enterprises
Analysis of ER&D spend priorities for top 10 ER&D spending enterprises
The path ahead for E&D activities and implications for engineering service providers
Investments in Engineering Research and Development (ER&D) remain critical for enterprises to address customer demand, enhance customer experience, and stay ahead of market trends. Although the COVID-19 outbreak negatively impacted industries such…
