| | JUNE 20204 Change is constant; but for companies, this change means fast moving towards adapting to it and driving their product development. With competition becoming fiercer and the fast changing consumer taste, companies need to change their strategy and redesign their products to fit in the market spot on. Hence, companies are always in the midst of the whirlpool which needs immediate action. Product development becomes more pertinent as it is what will define the company's success. Hence, many companies turn towards product development companies who are experts in developing and designing products according to the client's requirements. This is why the demand for product development companies are increasing at a lightning speed. The global product design and development services market size, which was valued at $7.4 billion in 2018 is anticipated to grow at a CAGR of 10.9 percent over the period of 2019-2026. According to Grandview Research, the new standards and regulations, the need to reduce cost and the urgency to innovate the product quickly are some of the major factors driving this growth. With India moving towards Aatmanirbhar Bharat, the country will see a drastic rise in the demand of such product development companies who have mastered the art to identify the gap between customer demand and existing products, while redesigning it to address the exact need of the market. Looking at this growing demand, CEO Insights brings to you `Top 10 Product Development Companies ­ 2020'. The featured companies have earned their spot among other industry players as being credible and innovative, and enabling their clients move faster in the industry. Read to know more about them.Do let us know what you think! Anamika SahuManaging Editoreditor@ceoinsightsindia.comEditorialAatmanirbhar Bharat is the Silver Lining for the Indian Product Development Industries Vol 03 · Issue 4 - 3 · JUNE 10, 2020 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Editorial Ananth.V Srrayvinya OLM Sujith Vasudevan Susila Govindaraj Group Art DirectorAshok KumarAdvertising Managers Ashu Sethi Shivam AgarwalNoida Rohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of BizprintMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2020 BizprintMedia Technologies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsi-bility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accord-ingly, no liability is assumed by the publisher. Design S.Sivasankar Mohana KrishnanVP - Sales & Marketing Amrit SinghCirculation Manager Magendran PerumalCorrespondents Sigma Mohanty Subhadarshani Mohanty
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