R&D Incentive Services Market Scope
R&D incentives provide significant tax benefits at the federal, state, and local levels. Tax incentives can increase private research spending by an amount equal to the loss in tax revenue on average. Furthermore, R&D incentive services help companies innovate and grow by offsetting some of the costs of eligible R&D. Rapid implementation of R&D incentive services among companies improves the type of business process, cutting marginal costs or increasing marginal productivity.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | KPMG (Netherlands), R&D Incentives Group (United States), Deloitte (United Kingdom), Alliantgroup (United States), Corporate Tax Incentives (United States), Germany Trade & Invest (Germany), Alvarez and Marsal (United States), BDO Global (Belgium), Smith & Williamson (United Kingdom), Ernst & Young Global Limited (United Kingdom), PwC (United Kingdom), Boast (United States), TC Services USA (United States), Clarus R+D (United States) and Layton (United States) |
CAGR | % |
Global R&D Incentive Services is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States & European Players will contribute to the maximum growth of Global R&D Incentive Services market throughout the predicted period.
KPMG (Netherlands), R&D Incentives Group (United States), Deloitte (United Kingdom), Alliantgroup (United States), Corporate Tax Incentives (United States), Germany Trade & Invest (Germany), Alvarez and Marsal (United States), BDO Global (Belgium), Smith & Williamson (United Kingdom), Ernst & Young Global Limited (United Kingdom), PwC (United Kingdom), Boast (United States), TC Services USA (United States), Clarus R+D (United States) and Layton (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global R&D Incentive Services market by Type and Region with country level break-up.
On the basis of geography, the market of R&D Incentive Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In November 2020, The American Supply Association announce the partnership with tax consulting services firm Alliantgroup. Alliantgroup will discuss end-of-year-tax planning for companies. Also, ASA members will learn how they can best work with Alliantgroup on tax-consulting-related matters.
An increasing number of OECD governments are offering special fiscal incentives to businesses to increase spending on research and development (R&D), largely because R&D and innovation are considered key to productivity and growth performance. Many OECD governments are redesigning their R&D tax incentives to make them more effective.
Influencing Trend:
Need for the Risk-based Quality Management
Market Growth Drivers:
Rapid Pace of R&D Incentive Services around the World and Growing Demand for the R&D Incentive Services for Business Process Management
Challenges:
Lack of Comprehensive Management, of R&D Activities and Expenses
Restraints:
Concerns Related to the Corruption in the R&D Sector and Lack of Effective Measures to Mitigate Tax Risks
Opportunities:
Increased Research and Development Activities Globally
Key Target Audience
R&D Incentive Services Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others