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MOSL: EXPERT SPEAK (Technology)-Continued double-digit growth expected in ERD services

EXPERT SPEAK (Technology): Continued double-digit growth expected in ERD services; Only 6% of the USD1t market outsourced

 

 Mr Vimal Menon, Associate Director of Zinnov

Mr Vimal Menon is an Associate Director at Zinnov. He has extensive experience in formulating and executing strategies for globalisation, outsourcing and offshoring. He has worked for Large Product Companies and ER&D Service Providers in Auto/Aerospace, Medical Devices and Oil & Gas.

He is also involved in growth strategies comprising of market expansion, go-to-market and compete mitigation.

 We hosted Mr Vimal Menon for a set of meetings on the outlook and state of Indian ER&D industry. He is the Associate Director of Zinnov, an independent advisory and research with core expertise in Product Engineering and Digital Transformation.

• Driven by under-penetration, the Indian ERD industry can continue outperforming broader technology service exports for the foreseeable future.
• India is becoming a preferred destination for ERD outsourcing because of capabilities, availability of resources and multi-year relationships fostered by existing service providers.
• The areas of automotive, software product development and healthcare are likely to see the highest growth. Vendors placed favorably amongst them would see it being reflected in their performance.