Nasscom-BCG Seizing the ER&D Advantage – Frontiers for 2030

Each year, each decade, brings immense opportunity and with it varying degrees of flux. Today is no different. varying degrees of flux. Today is no different. We stand at the cusp of a new era of Engineering Research & Development (ER&D), amply clear that the acceleration of ER&D intensity is no longer a choice but a necessity, an imperative. Global business ER&D spending is experiencing remarkable growth. In addition, ER&D sourcing is on the brink of unprecedented expansion, fueled by the imperatives of access to a global talent pool, the pursuit of greater agility and scalability, and cost optimization. This presents a wealth of opportunities for industry players and economies worldwide.

The nasscom- BCG report titled “Seizing the ER&D Advantage – Frontiers for 2030” aims to represent an insightful exploration of the transformative forces shaping the ER&D industry and how the industry will shape up in the year 2030. It details out global ER&D spending, mega trends shaping the industry, sectors leading this growth, etc. today as well as in 2030. In addition, it also gives insights into India’s share in the global sourcing market, and sectors leading this growth. It also includes opportunities within these sectors across countries globally which are relevant for penetration for India today as well as in the future.