Engineering R and D Services Outsourcing Market – Outlook and Analysis for Future Growth

Global engineering R&D services outsourcing market is anticipated to reach more than USD 650 billion by 2025 according to a new report published by Polaris Market Research. The major factors which are driving this market is the access to low cost highly skilled resources which can work towards complex tasks of not only designing and testing but also on validation, simulation and execution. Companies are moving from business process outsourcing to knowledge process outsourcing and major industry verticals such as automotive, consumer electronics, semiconductors, aerospace and telecom are providing huge opportunities to the consulting companies.

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The traction of offshore outsourcing can be seen owing to the low cost and added capabilities from the service providers. There are dedicated ER&D service providers which are not only providing basic services but also, they are jointly investing with the companies to expand their businesses in growing markets and geographies. Companies are also focusing on expanding their market reach along with faster turnaround times from these providers. These are some of the major advantages for the companies to outsource their services.

The market for ER&D services has evolved from outsourcing of simple low-cost engineering services to capacity augmentation. At present companies are focusing more on reduced timelines, increased productivity and quality of outsourcing services. Countries such as India, China are among the biggest markets for ER&D service providers. Growing number of engineering professionals every year coupled with low cost of service have pushed the market for ER&D Outsourcing in this region.

Companies in North America and Europe are considered to spend more on these services however, Asia Pacific is the largest market for the ER&D service providers. Countries such as India and China have pushed the market for ER&D and are estimated to continue the trend over the forecast period. Applications in the automotive, telecom, consumer electronics and aerospace segments is considered to have large market share in 2017. There has been an increase in adoption in the offshore services as compared to onsite service due to low costs and highly skilled professionals on the offshore locations. The offshore outsourcing type would grow at a higher rate during the forecast period as compared to its counterpart.

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The major restrains this market is facing is the intellectual property theft specifically during the offshore outsourcing. This is the major problem faced by many companies, which eventually generates a loss for these companies. However due to strict laws and changing regulations, this challenge is expected to overcome during the forecast period. Major players which are profiled in the study include HCL Technologies Limited, IAV GmbH, P+Z Engineering GmbH, Tata Consulting Services Limited, Wipro Limited, EDAG Engineering GmbH, ASAP Holdings GmbH, FEV Group, Cybage software, Kistler Instruments AG, Infosys Ltd, among others.

About Polaris Market Research & Consulting

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

Leading the Way: Top BSc in Hospitality Management Degree Colleges in Delhi

The hospitality industry is rapidly growing, creating a significant demand for qualified professionals. Pursuing a Bachelor of Science (BSc) in Hospitality Management opens doors to exciting career opportunities in this vibrant sector. Delhi, with its robust educational infrastructure, offers some of the finest programs in hospitality management. Additionally, Bangalore also stands out with top colleges and specialized certificate programs in tourism, hospitality, and culinary arts. This article explores the leading BSc in Hospitality Management degree colleges in Delhi along with the best educational options in Bangalore.
Top Hospitality & Tourism Colleges in Delhi
These colleges provide a blend of theoretical knowledge and practical experience, ensuring that students are well-prepared for the dynamic hospitality industry. Here are some of the top hospitality and tourism colleges in Delhi
Top BSc in Hospitality Management Degree Colleges in Delhi
For students specifically interested in a BSc in Hospitality Management, Delhi offers several top-tier colleges known for their specialized programs and excellent training facilities:

Indian Institute of Hotel Management (IIHM), Delhi

IIHM is renowned for its industry-oriented curriculum and strong placement record. The BSc in Hospitality Management program at IIHM provides a solid foundation in hospitality operations, management principles, and customer service. BSc in Hospitality and Hotel Administration, focusing on the holistic development of students. The institute emphasizes practical training and industry internships to ensure students are job-ready upon graduation.The Hotel School offers a comprehensive BSc in Hospitality Management program that covers all aspects of the hospitality industry. The school is known for its excellent faculty and state-of-the-art training facilities.

Study Bachelor of Science Hotel Management in Delhi
Studying for a Bachelor of Science in Hotel Management in Delhi offers students a unique advantage due to the city’s vibrant hospitality industry and proximity to numerous hotels, restaurants, and event management companies. The BSc in Hotel Management programs in Delhi are designed to equip students with the skills and knowledge needed to excel in various roles within the hospitality sector.

Best Colleges for BHM in Bangalore

Bangalore, known as the Silicon Valley of India, is also home to some of the best colleges for Bachelor of Hotel Management (BHM) programs. These institutions are renowned for their excellent academic standards, industry connections, and placement opportunities. Some of the best colleges for BHM in Bangalore include.

Hospitality Operations Certificate in Bangalore

For those looking to enhance their skills in hospitality operations, certificate programs in Bangalore offer a quick and effective way to gain specialized knowledge and improve career prospects. These programs are designed for both aspiring hospitality professionals and those already working in the industry who wish to upgrade their skills. Bangalore offers several reputable institutions that provide hospitality operations certificate programs, focusing on areas such as front office management, food and beverage service, housekeeping, and more.

Tourism and Hospitality Certificate Programs in Bangalore
In addition to hospitality operations, Bangalore also offers a variety of certificate programs in tourism and hospitality. These programs cater to individuals seeking to specialize in different aspects of the industry, such as travel and tour management, event planning, and sustainable tourism practices. The curriculum is designed to provide practical knowledge and industry insights, helping students to excel in their chosen field.

Best Culinary Arts Colleges in Bangalore
For those with a passion for culinary arts, Bangalore offers some of the best colleges that provide top-notch culinary education. These institutions are known for their excellent faculty, modern training kitchens, and comprehensive curriculum that covers various cuisines and culinary techniques. Some of the best culinary arts colleges in Bangalore include.

BSc Tourism and Hospitality Management in Bangalore
Bangalore also offers excellent options for those looking to pursue a BSc in Tourism and Hospitality Management. These programs provide a comprehensive education in both tourism and hospitality, preparing students for diverse career opportunities in the industry. The curriculum covers various aspects of tourism management, hospitality operations, and customer service, ensuring that graduates are well-equipped to meet the demands of the industry.

In conclusion, both Delhi and Bangalore offer excellent educational opportunities for those aspiring to build a career in the hospitality and tourism industry. With top BSc in Hospitality Management degree colleges in Delhi and the best BHM programs in Bangalore, students have access to world-class education and training that can propel them towards successful careers in hospitality management. Whether you’re looking to pursue a degree or a certificate, these cities provide the ideal environment to learn, grow, and excel in the dynamic world of hospitality and tourism.

Tenet Healthcare.

The Healthcare Financing Administration notes the annual health care expenditure in the United State has exceeded $ 3.1 trillion. 10% of these expenditures ($ 100 billion) are government and health insurance companies losses due to fraudulent healthcare transactions. Timely detections and prevention of these fraudulent transactions and abuses can help recover the huge amount of resources to medical institutions and patients thus improving the quality of care and decreasing the cost of healthcare for taxpayers. Inability to detect fraud can become an extremely costly, painful and damaging problem to the organization and thus the need for an effective fraud detection system (Mcmahon & Chopra, 2013). In 2012, Tenet health Corporation was ordered to pay the United States F$ 42.75 million to settle accusations of violating the False Claims Act by overbilling the federal Medicare Program (Department of Justice, 2012). This action research will discuss how healthcare billings happen in the United States and will give details of the fraudulent billing occurring in Tenet Healthcare Corporation. I will show the impact of this fraudulent billing to the stock prices and financial statements of Tenet, showing that they directly impact the shareholders finances having their stocks at Tenet

Tenet Health Corporation (Tenet) is an investor-owned health care services corporation. Tenet Health corporation operates 77 acute care hospitals, 173 outpatient centres, 5 health plans and 6 accountable care organizations. In addition, the corporation operates Conifer Health Solutions that provides health business process solutions in fifteen centres that serve clients in 43 states.

The study will help Tenet develop a fraud detection system that will sufficiently address it billing process to avoid future billing errors that will ruin the reputation of the company and destroy its financial base. In addition, the study will offer insight to other health care institutions on factors that precipitate fraudulent cases in institutions and the financial implications of the fraudulent case.

The study will be based on the Cressey Fraud Triangle. Three components of the triangle include pressure, opportunity and rationalization. Pressure relates to the financial difficulties such as a large amount of credit card debt, overwhelming financial burdens, and financial difficulties. Opportunity to fraud exists when an employee discovers a weakness in the organization’s ant-fraud controls. Rationalization is the psychological process whereby individuals who have committed fraud convince themselves either that the act is not wrong or that even though it may be wrong, it will be corrected because they will eventually return the money. In addition, employees may justify the fraud by taking the attitude that they deserve the stolen money (Goldman, 2009)

A comprehensive detection and prevention system should have the right combination of financial analysis, business/relationship analysis, medical insight and analysis, detection of changing behaviours and a feedback loop (Abbasi, Albrecht, Vance, & Hansen, 2012). Therefore, the study will primarily focus on evaluating the effectiveness of this component in Tenet. In addition, the study will focus on analyzing the effect of the fraudulent on the stock prices and financial performance of the Tenet. The study will focus on the financial statement fraud and the stock prices of the company during the time the fraud occurred. Financial statement fraud is mainly dedicated to the fact that financial statement audit ensures that the financial reports of the company are free from material misstatement and fraud. A firms’ propensity to commit a fraud depends on the expected benefits and cost of engaging in the fraudulent. The expected cost of the fraudulent has two components that include the probability of the fraud detection and the penalty upon detection.

The financial statements of Tenet will be evaluated to identify the misstatement and the impact of those misstatements, the investment trend of the company and the stock prices of the Company stock. The data will be obtained from the annual reports including Form 10 K and other strategic documents. The reports will be analyzed through various econometric models to evaluate how the fraud case affected their trend. A five year period analysis will be conducted. In addition to the financial econometric analysis of the financial reports, a detailed key informant interview will be conducted with stockholders of the company who will be selected randomly. The interviews will be conducted through open-ended questions to allow the respondents to disclose as much information as possible. The interviews will substantial the findings of the analysis. The findings of the study will be corresponded to Tenet Corporation in the form of a report. In addition, the result will be published and disseminated to online databases to benefit other scholars and organizations.

The research will be conducted with the authority and supervision of the University Committee. In addition, consent will sort with the Tenet Corporation. The current CEO and the chief finance officer will be contacted advance to approve the research. Some of the key ethical issues to be addressed in the research is the confidentially of any confidential information accessed during the research and limiting the finding of the study to academic use. The key limitations of the study are its reliance on the documented reports. The study will not allow the research to evaluate the raw financial data of the company but will rely on data from SEC listing and other stock sites such as NYSE.