R&D (research and development) outsourcing services offer solutions to the organisations' research activities that include component innovations, design, new process innovations, new product innovations, and software design. The objective to outsource R&D is to obtain the required expertise, skills, and equipment that may not necessarily be accessible to businesses. It can increase business sales and profits and save time significantly. R&D outsourcing providers provide customized solutions from designing, prototyping, testing, production to sales to clients across different industries like manufacturing, financial services, energy and utilities, retail and CPG, life sciences, etc.