Zinnov reveals Global R&D Service Provider Ratings 2013 study findings

Zinnov Management Consulting has conducted an annual study titled “Global R&D Service Providers (GSPR) Rating 2013” to assist business leaders spearheading global engineering initiatives make right decisions in partner selection and has also launched the  rating of Global R&D Service Providers across geographies.

According to the Study, it has been revealed that the Indian service providers have emerged as the leaders and soon India will have a USD 1 Billion Product Engineering Services player in the market.

Sundararaman Viswanathan, Manager-Consulting, Zinnov said, Today there are several new opportunities for service providers to take advantage of, such as engineering analytics, which presents significant potential for growth. We are seeing a trend of solution strategy increasingly becoming a major component in majority of the deals, as service providers are building solutions to demonstrate competency, enhance product quality and reduce time to market across sectors.

To take on the new challenges and continue to grow at a rapid pace, the engineering service providers need to look at whitespaces and start investing in them now. One such opportunity that Zinnov’s sees is in the space of “Engineering Analytics”  it is expected that global companies will spend over USD 27 Billion on Engineering Analytics and the addressable opportunity for service providers is quite sizable.

Especially activities around building the analytics infrastructure, engineering the systems and machines to enable data capture for further processing and analytics services are the key opportunity areas.