<p>Further, it has pegged the overall Indian R&D services market at US$11.80 billion with telecom and ISV verticals forming nearly 50 per cent of the overall spend. Likewise, pointing out that US continues to lead R&D outsourcing, it observed that organisations in most verticals continued to spend nearly same percentage of their revenues on R&D through recession, demonstrating the strategic importance of R&D. <br /><br />India, it said, continues to score over rival China as the most sought after destination, due to availability of highly talented workforce and cost savings, while China benefits from domestic market attractiveness. <br /><br />The findings further state that last 18 months have seen the emergence of macro themes that are driving growth in R&D service providers community such as convergence and mobility, emerging markets, cloud computing, enterprise adoption and green initiatives. Similarly, it noted that, two-thirds of the R&D outsourcing work in India are towards MNC captive centres, while one-third is to R&D service providers. <br /><br />In this regard, the findings ranked Wipro at the top as the most sought after service providers, followed by HCL, Patni, Infosys, Mahindra Satyam and MindTree, among others. <br /><br />Among verticals software and ISVs led the R&D spend with US$3,569 million, followed by telecommunications with US$2,814 million, while semiconductor sector saw US$1,168 million, industry automation US$1,237 million and computer peripherals & storage US$1,000 million.</p>
<p>Further, it has pegged the overall Indian R&D services market at US$11.80 billion with telecom and ISV verticals forming nearly 50 per cent of the overall spend. Likewise, pointing out that US continues to lead R&D outsourcing, it observed that organisations in most verticals continued to spend nearly same percentage of their revenues on R&D through recession, demonstrating the strategic importance of R&D. <br /><br />India, it said, continues to score over rival China as the most sought after destination, due to availability of highly talented workforce and cost savings, while China benefits from domestic market attractiveness. <br /><br />The findings further state that last 18 months have seen the emergence of macro themes that are driving growth in R&D service providers community such as convergence and mobility, emerging markets, cloud computing, enterprise adoption and green initiatives. Similarly, it noted that, two-thirds of the R&D outsourcing work in India are towards MNC captive centres, while one-third is to R&D service providers. <br /><br />In this regard, the findings ranked Wipro at the top as the most sought after service providers, followed by HCL, Patni, Infosys, Mahindra Satyam and MindTree, among others. <br /><br />Among verticals software and ISVs led the R&D spend with US$3,569 million, followed by telecommunications with US$2,814 million, while semiconductor sector saw US$1,168 million, industry automation US$1,237 million and computer peripherals & storage US$1,000 million.</p>
