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LONDON--(BUSINESS WIRE)--The research and development outsourcing services market is expected to grow by USD 6.09 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the research and development outsourcing services market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19 The research and development outsourcing services market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavios pandemic-focused market research, market growth is likely to increase as compared to 2019. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal. This post-pandemic business planning research will aid clients to: Download the Post-Pandemic Business Planning Structure. Click here Key Considerations for Market Forecast: Gain instant access to 17,000+ market research reports by using Technavio's SUBSCRIPTION platform Major Three Research And Development Outsourcing Services Market Participants: Altair Engineering Inc. Altair Engineering Inc. operates its business through segments such as Software and Client Engineering Services. The company offers engineering R&D outsourcing services to clients. Capgemini Services SAS Capgemini Services SAS operates its business through segments such as Strategy & Transformation, Applications & Technology, and Operations & Engineering. The company offers R&D outsourcing services to customers worldwide. IAV GmbH IAV GmbH operates its business through segments such as Products and Services. The company offers engineering R&D outsourcing services to customers. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/research-and-development-outsourcing-market-industry-analysis Research And Development Outsourcing Services Market 2020-2024: Segmentation Research and development outsourcing services market is segmented as below: The research and development outsourcing services market is driven by the cost-effectiveness of outsourcing R&D services. In addition, other factors such as the emergence of Industry 4.0 are expected to trigger the research and development outsourcing services market toward witnessing a CAGR of over 7% during the forecast period. Get more insights about the global trends impacting the future of the research and development outsourcing services market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44675 Market Drivers Market Challenges Market Trends Vendor Landscape About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Research and Development Outsourcing Services Market 2020-2024 | Vendor Opportunities, Key Drivers, and Trends | Technavio Shape strategic responses through several phases of industry recovery Altair Engineering Inc., Capgemini Services SAS, and IAV GmbH will emerge as major R&D outsourcing services market participants during 2020-2024