NASSCOM-Deloitte Global Engineering R&D Pulse Survey 2022

It would be no exaggeration to state that the past two years were possibly some of the most challenging years for enterprises globally. Post pandemic, the Engineering Research and Development (ER&D) function in companies had to substantially reinvent its ways of working, yet not missing on collaboration and continuous innovation. ER&D organisations are those market-shapers that have the potential to define the future of an enterprise and its products and services

The NASSCOM-Deloitte Global Engineering R&D Pulse Survey 2022 aims to provide a comprehensive view of how the ER&D function in enterprises worldwide – covering the North American, EMEA, and APAC regions represented - are evolving and prioritising their agenda. The report covers a diverse range of topics pertaining to the global market in ER&D ranging from their 2022 priorities and challenges to their medium-term (2024) plans. It also studies the advent of digital engineering in the traditional R&D function, and leaders’ take on the role of their in-house globally distributed Global Capability Centers (GCCs) and Engineering Service Providers (ESPs).

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Key Findings

Growth of ER&D sector

Compared with the 2021 budget, 80 percent of the surveyed companies expect their global engineering R&D spend to increase more than 10 percent this year.
ER&D spend is expected to increase by 10-20 percent by 2024, compared to 2021 budget.

Strong push for innovation

With rapidly evolving technology, push to shorter innovation cycles, and faster time to market, co-creation is emerging as the new innovation model of choice, with ~70 percent of the respondent companies exploring co-creation with either start-ups or ESPs.

Evolving service delivery models

ER&D enterprises continued to leverage their GCCs to improve focus on core business and innovation, scale up the ecosystem, and they seemed to have matured from a delivery centre for business processes to a strategic hub for engineering R&D services. This is true especially for industrial, medical devices, and software sector.
ESPs continued to gain traction from ER&D enterprises due to reasons such as reducing and controlling cost of operations, improving the company’s focus, and liberating inner sources for new products. This is focused by companies in energy, oil and gas sector, among others

Challenges

For the respondent companies, supply chain disruptions continue to be the top challenge as companies are still responding to the cascading effects of COVID-19, especially in APAC and North America. Hardware and electronics sectors continued to be concerned by rising costs as a result of the semiconductor shortage and rising input costs

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