The document provides an overview of global R&D trends among the top 500 R&D spending companies from 2012-2014. Key findings include: - Total R&D spending by these companies was $614 billion in 2014, with North America and Europe contributing over 70%. - The number of companies spending over $1 billion on R&D increased to 152 in 2014, with many new entrants from industrial and semiconductor sectors. - Fast growing sectors for R&D included consumer/web 2.0, semiconductor, and enterprise software, while energy/utilities saw slower growth.

1. WORKING SESSION:
RECRUITMENT BEST PRACTICES
MAY 2014
Global 500 R&D Spending - 2014
Summary Report
July 2015

2. Agenda
01
02
03

3. Agenda
01
02
03 Vertical R&D Trends
Regional R&D Trends

4. 599 602 614
2012 2013 2014
R&D investment for G500 companies was 614 Billion for FY2014
4.03% 4.13% 4.31%
Total Global 500 R&D Spend X% R&D Spend as a % of revenue
G500 R&D Spend
(In USD billion) 152Billion Dollar Spenders in
2014
21New Entrants
42High Growth* R&D
Spenders
4.3%Average R&D Spend as %
of Revenue
• The R&D spending by the Billion Dollar
spenders totalled up to USD 472 Billion
• Four new companies have entered the billion
dollar R&D spender club this year
• Majority of the new entrants were from
Industrial and Semiconductor verticals
• 5 companies within G500 got acquired, 12
companies reduced their R&D spend and 2
companies went Private and left the list
• More than 40% of the high growth R&D
spenders were from Consumer/Web 2.0 & E-
Commerce and Semiconductor verticals
• Companies from verticals like
Consumer/Web 2.0 & E-Commerce,
Semiconductor and Enterprise Software &
Enterprise 2.0 have R&D intensities greater
than 10% while Industrial, Energy & Utility
firms have R&D intensities less than 2%
Note: *High Growth R&D Spenders are companies that increased their R&D spend by 30% or more over previous year

5. R&D investment for G500 companies was 604 Billion for FY2014
R&D Spend by the Major Verticals
USD 109 Bn USD 71 Bn USD 51 Bn USD 46 Bn USD 41 Bn
Automotive Software/Internet Semiconductor Consumer Electronics Telecommunication
Top 5
Spenders
R&D Spend
(USD Bn)
Volkswagen 14
Toyota Motor 9
General Motors 7
Ford Motor 7
Robert Bosch 6
Top 5
Spenders
R&D Spend
(USD Bn)
Microsoft 11
Google 10
Amazon.com 9
IBM 5
Oracle 5
Top 5
Spenders
R&D Spend
(USD Bn)
Intel 12
Qualcomm 5
Broadcom 2
Taiwan Semiconductor 2
Foxconn Technology
Group
2
Top 5
Spenders
R&D Spend
(USD Bn)
Samsung Electronics 14
LG 5
Panasonic 5
Sony 5
Toshiba 3
Top 5
Spenders
R&D Spend
(USD Bn)
Huawei Technologies 7
Cisco Systems 6
Ericsson 5
Alcatel-Lucent 3
NTT 2
Total Global 500 R&D Spend
USD 614 Bn

6. 0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
1 101 201 301 401
66%
R&DSpendinBillion
2014 R&D Spend Ranking
Over 65% of the overall R&D spend was contributed by the top 100 R&D
spenders
614 Billion
17%
8%
5% 4%
Contribution of Global 500 R&D Spenders
43%
26%
14%
9% 7%
X% Y%% of total G500 R&D Spend % of total G500 Revenue

7. 40% 42% 43%
33%
35% 32%
20% 14% 15%
7% 9% 10%
2012 2013 2014
North America Europe Japan APAC
Top 100 R&D Spenders - Regional R&D Spend Trends
Split of R&D Spending of Top 100 R&D Spenders across regions
6% 4%
8% 7%
29% 6%
35% 16%
Top 100 R&D Spenders - Regional R&D Spend Trends
Split of R&D Spending of Top 100 R&D Spenders across regions
1
2
3
14
17
24
24
25
28
35
85
Medical Devices
Energy & Utility
Industrial
Aerospace and Defence
Computer Peripherals and Storage
Consumer / Web 2.0 and E-Commerce
Semiconductor
Enterprise Software & Enterprise 2.0
Telecommunication
Consumer Electronics
Automotive
2014 2013 2012
The shares of North American and APAC based firms in the Top 100 are on a
consistent rise
% Increase % Decrease

8. The number of Billion dollar club members in the Global 500 R&D spenders has
increased though the share of R&D spending has not seen any significant change
76% 77%
24% 23%
2013 2014
$459 Bn
148 Companies
$472 Bn
152 Companies
$144 Bn
352 Companies
$142 Bn
348 Companies
Billion Dollar Club R&D Spending
Split of G500 R&D Spenders with more than USD 1 Bn R&D Expenditure
Medical Devices
Industrial
Energy & Utility
Aerospace and Defence
Computer Peripherals and Storage
Enterprise Software & Enterprise
2.0
Consumer / Web 2.0 and E-
Commerce
Telecommunication
Semiconductor
Consumer Electronics
Automotive
R&D Spend 2013 R&D Spend 2014
2%
16%
3%
X%
% change in R&D Spend
in 2014 over 2013
0%
2%
49%
6%
3%
14%
0%
12%

9. The Billion Dollar club is gaining more companies from APAC
Billion Dollar Club - Regional R&D Spend Trends
Split of Billion Dollar R&D Spending (USD) across regions
42%
32%
15%
11%
41%
35%
15%
9%
40%
33%
19%
7%
2013
2014
2012
3
11
29
45
54
2
13
27
50
56
2
17
27
50
56
RoW
APAC
Japan
Europe
North America
2014 2013 2012
Billion Dollar Club - Regional R&D Spend Trends
Split of number of Billion Dollar R&D Spenders Across Regions
NA
EU
Japan
APAC
RoW

10. Around 38% of the G500 R&D spenders increased their R&D expenditure
Percentage of companies whose R&D grew
Split of Companies based on R&D spend change
59%
39%
2%
59%
38%
3%
Companies that grew
Companies that de-grew
Companies with no growth or de-growth
2013
2014 Company Name Country Vertical % Change
Tesla Motors USA Automotive 100%
Facebook USA
Consumer / Web 2.0 and E-
Commerce
88%
Ctrip.com China
Consumer / Web 2.0 and E-
Commerce
82%
Thermo-Fisher Scientific USA Medical Devices 75%
Avago Technologies Singapore Semiconductor 75%
Company Name Country Vertical % Change
Gazprom Russia Energy & Utility 34%
SAAB Sweden Aerospace & Defence 30%
Areva France Energy & Utility 26%
Indira Sistemas Spain
Enterprise Software & Enterprise
2.0
24%
Vestas Wind Systems Denmark Energy & Utility 24%
Top 5 R&D growth companies
Top 5 R&D decline companies

11. Agenda
01
02
03
Global 500 R&D Spender
Landscape
Vertical R&D Trends

12. North America and Europe combined together contribute more than 70% of G500
R&D
Regional R&D Spend Trends
North America
Semiconductor 13% 13%
Enterprise Software &
Enterprise 2.0
12% 12%
Consumer / Web 2.0 &
E-Commerce
12% 9%
Automotive 7% 7%
Computer Peripherals
& Storage
6% 6%
USD
255
Bn
Europe
Automotive 28% 28%
Telecommunication 8% 8%
Aerospace & Defence 7% 7%
Industrial 5% 5%
Energy & Utility 4% 4%
USD
189
Bn
APAC
Consumer Electronics 31% 35%
Telecommunication 13% 12%
Semiconductor 12% 11%
Automotive 10% 10%
Energy & Utility 6% 8%
USD
66
Bn
Japan
Automotive 30% 29%
Consumer Electronics 22% 23%
Computer Peripherals &
Storage
6% 6%
Industrial 4% 5%
Telecommunication 3% 4%
USD
99
Bn
5%
X% Indicates % contribution of a region to overall G500 R&D spend X% Indicates % Increase/Decrease in R&D Spend over previous year
2013 R&D
Spend
2014 R&D
Spend
6%
2014 2013
2014 2013
6%
23%
2014 2013
12%
2014 2013
6%
21%
6%

13. North America and Europe combined together contribute more than 70% of G500
R&D
Regional R&D Spend Trends
North America
Top Spenders
FY2014 FY2013
1 Intel Intel
2 Microsoft Microsoft
3 Google Dell
4 Amazon.com
Johnson &
Johnson
5
Johnson &
Johnson
General Motors
Europe
Top Spenders
FY2014 FY2013
1 Volkswagen Volkswagen
2 Robert Bosch BMW
3 BMW Robert Bosch
4 Daimler Daimler
5 Siemens Siemens
APAC
Top Spenders
FY2014 FY2013
1
Samsung
Electronics
Samsung
Electronics
2
Huawei
Technologies
Huawei
Technologies
3 LG LG
4 Petrochina Petrochina
5 Hyundai Motor Hyundai Motor
1 Tesla Motors 100%
2 Facebook 88%
3 Thermo Fisher Scientific 75%
4 Micron Technology 47%
5 Salesforce.com 45%
Top Growth Firms and Growth %
from 2013 to 2014
Japan
Top Spenders
FY2014 FY2013
1 Toyota Motor Toyota Motor
2 Honda Motor Honda Motor
3 Nissan Motor Panasonic
4 Panasonic Sony
5 Sony Nissan Motor
1 Imagination Technologies 49%
2 Mahle 44%
3 Skoda 32%
4 Trumpf 24%
5 BAE Systems 22%
1 Ctrip.com International 82%
2 Avage Technologies 75%
3 Baidu 66%
4 Qihoo 360 Technology 59%
5 Mediatek 55%
1 Nintendo 37%
2 Koito Manufacturing 26%
3 Toyota Industries 25%
4 Hoya 24%
5 Daikin Industries 22%
Top Growth Firms and Growth %
from 2013 to 2014
Top Growth Firms and Growth %
from 2013 to 2014
Top Growth Firms and Growth %
from 2013 to 2014

14. North America and Europe combined together contribute more than 70% of G500
R&D
Regional R&D Spend Trends
0%
-4%
Central USA
UK
France
Scandinavia
India
Japan
13%
-6%
18%
-8%20%
24%
2%
Size of the Bubble indicates 2014 R&D Spend;
Value X% indicates the growth rate in R&D Spend from 2012 to 2014
Dotted Bubble indicates 2020 Estimated R&D Spend
X%
West Coast
5%
East Coast
South
Korea
China-2%
Germany

15. R&D Spending in Consumer/Web 2.0 and E Commerce vertical is witnessing the
maximum growth in the USA
227 241 253
348
2012 2013 2014 2020E
5.38% 5.61%
5.79%
Total Global 500 R&D Spend X% R&D Spend as a % of revenue
G500 R&D Spend in USA
(In USD billion)
31
26
115
44
49
16
19
30
31
34
Computer Peripherals and Storage
Automotive
Consumer / Web 2.0 and E-Commerce
Enterprise Software & Enterprise 2.0
Semiconductor
1 Intel USD 11.5 Bn
2 Microsoft USD 11.4 Bn
3 Google USD 9.8 Bn
4 Amazon.com USD 9.3 Bn
5 Johnson & Johnson USD 8.5 Bn
1 Tesla Motors 100%
2 Facebook 88%
3 Thermo Fisher Scientific 75%
4 Micron Technology 62%
5 Salesforce.com 48%
Highest R&D Spenders Highest Growth in R&D Spend New Entrants
Vertical Split of G500 R&D Spenders in USA
(In USD billion)
R&D Spend 2014 R&D Spend 2020E
6%
6%
25%
6%
12%
CAGR

16. The West Coast is driving the R&D spending in the USA
West
Coast
46%
Central
Region
24%
East
Coast
29%
West Coast: 115 Bn
1. Consumer/Web 2.0 and E-Commerce
2. Semiconductor
3. Enterprise Software and Enterprise 2.0
Central Region: 61 Bn
1. Automotive
2. Aerospace and Defence
3. Medical Devices
East Coast: 74 Bn
1. Enterprise Software & Enterprise 2.0
2. Computer Peripherals and Storage
3. Medical Devices
115
245
2014 2020E
Mountain Region: 3 Bn
1. Semiconductor
2. Automotive
3. Consumer Electronics
Mountain
Region
1%
3 6
2014 2020E
R&D Spend Growth
(In USD billion)
R&D Spend Growth
(In USD billion) 61
43
2014 2020E
R&D Spend Growth
(In USD billion)
74
98
2014 2020E
R&D Spend Growth
(In USD billion)
USA - Regional Trends in R&D
California
Washington
Illinois
Michigan New York
New Jersey
Major Hotspots in USA

17. Automotive vertical is witnessing the maximum growth in Europe while
Telecommunication is on a decline
191 202
189 184
2012 2013 2014 2020E
3.49% 3.90%
4.10%
Total Global 500 R&D Spend X% R&D Spend as a % of revenue
G500 R&D Spend in Europe
(In USD billion)
6
5
14
7
67
7
9
14
14
53
Energy & Utility
Industrial
Aerospace and Defence
Telecommunication
Automotive
1 Volkswagen USD 14 Bn
2 Robert Bosch USD 6 Bn
3 BMW USD 5.5 Bn
4 Daimler USD 5.4 Bn
5 Siemens USD 5.1 Bn
1 Imagination Technologies 49%
2 Mahle 44%
3 Skoda 32%
4 Trumpf 24%
5 BAE Systems 22%
Highest R&D Spenders Highest Growth in R&D Spend New Entrants
Vertical Split of G500 R&D Spenders in Europe
(In USD billion)
R&D Spend 2014 R&D Spend 2020E
4%
-10%
0%
-9%
-3%
CAGR

18. West European countries like Germany, UK and France contribute to more than
85% of the R&D spend in Europe
Western
Europe
86%
Eastern
Europe
0.2%
Scandinavia
8%
Western Europe: 163 Bn
1. Automotive
2. Telecommunication
3. Aerospace & Defence
Eastern Europe: 0.4 Bn
1. Automotive
Scandinavia: 16 Bn
1. Telecommunication
2. Automotive
3. Industrial
163 165
2014 2020E
Southern Europe: 10 Bn
1. Automotive
2. Telecommunication
3. Aerospace & Defence
Southern
Europe
5%10 7
2014 2020E
R&D Spend Growth
(In USD billion)
R&D Spend Growth
(In USD billion)
16
12
2014 2020E
R&D Spend Growth
(In USD billion)
Europe - Regional Trends in R&D

19. Telecommunication companies lead R&D spending in China; however,
Consumer/Web 2.0 and E-commerce vertical is on a rise
18 21
26
80
2012 2013 2014 2020E
1.45% 1.54%
1.86%
Total Global 500 R&D Spend X% R&D Spend as a % of revenue
G500 R&D Spend in China
(In USD billion)
1
11
3
41
14
1
1
3
1
6
Industrial
Automotive
Energy & Utility
Consumer / Web 2.0 and E-Commerce
Telecommunication
1 Huawei Technologies USD 6.6 Bn
2 Petrochina USD 2.1 Bn
3 ZTE USD 1.5 Bn
4 Tencent USD 1.2 Bn
5 Baidu USD 1.1 Bn
1 Ctrip.com International 82%
2 Baidu 66%
3 Qihoo 360 Technology 59%
4 Great Wall Motor 48%
5 Sohu.com 48%
Highest R&D Spenders Highest Growth in R&D Spend New Entrants
Vertical Split of G500 R&D Spenders in China
(In USD billion)
R&D Spend 2014 R&D Spend 2020E
13%
84%
-4%
42%
9%
CAGR

20. Companies based out of Beijing, Shanghai and Shenzhen contribute to more than
95% of the total R&D spending in China
East
China
1%
West China: .5 Bn
1. Automotive
2. Energy & Utility
South Central Region: 12 Bn
1. Telecommunication
2. Automotive
3. Consumer/Web 2.0 & E-Commerce
1 1
2014 2020E
North China: 13 Bn
1. Transportation
2. Energy & Utility
3. Consumer/Web 2.0 & E-Commerce
North
China
50%
13
43
2014 2020E
R&D Spend Growth
(In USD billion)
R&D Spend Growth
(In USD billion)
12 34
2014 2020E
R&D Spend Growth
(In USD billion)
West China
2%
South Central
China
47%
East China: .25 Bn
1. Automotive
China - Regional Trends in R&D
Major Hotspots in China
Beijing
Shanghai
Shenzhen

21. Japan’s R&D spending is on a rise this year with companies increasing R&D
spending across verticals
118
93 99
60
2012 2013 2014 2020E
4.66% 4.67%
4.37%
Total Global 500 R&D Spend X% R&D Spend as a % of revenue
G500 R&D Spend in Japan
(In USD billion)
3
2
3
10
24
2
4
6
21
30
Medical Devices
Industrial
Computer Peripherals and Storage
Consumer Electronics
Automotive
1 Toyota Motor USD 8.8 Bn
2 Honda Motor USD 5.8 Bn
3 Nissan Motor USD 4.9 Bn
4 Panasonic USD 4.6 Bn
5 Sony USD 4.5 Bn
1 Nintendo 37%
2 Koito Manufacturing 26%
3 Toyota Industries 25%
4 Hoya 24%
5 Daikin Industries 22%
Highest R&D Spenders Highest Growth in R&D Spend New Entrants
Vertical Split of G500 R&D Spenders in Japan
(In USD billion)
R&D Spend 2014 R&D Spend 2020E
-3%
-11%
-10%
-12%
7%
CAGR

22. Agenda
01
02
03
Global 500 R&D Spender
Landscape
Regional R&D Trends

23. Companies from the Consumer / Web 2.0 & E-Commerce vertical have
significantly increased their R&D spending
1 Volkswagen 0%
2 Toyota Motor 15%
3 General Motors 3%
4 Ford Motor 8%
5 Robert Bosch -4%
1 Samsung Electronics -3%
2 LG 5%
3 Panasonic -3%
4 Sony 1%
5 Toshiba 10%
1 Microsoft 9%
2 IBM -5%
3 Oracle 6%
4 SAP -10%
5 VMware 15%
1 Intel 9%
2 Qualcomm 10%
3 Broadcom -5%
4 Taiwan Semiconductor 12%
5 Foxconn Technology -1%
1 Huawei Technologies 26%
2 Cisco Systems 6%
3 Ericsson -7%
4 Alcatel-Lucent -14%
5 NTT -5%
1 Google 38%
2 Amazon.com 41%
3 Facebook 88%
4 eBay 13%
5 Tencent 45%
1 3M 3%
2 ABB 2%
3 Vale -8%
4 Schneider -3%
5 TE Connectivity 0%
1 Airbus Group -4%
2 Boeing -1%
3 Safran -3%
4 BAE Systems 22%
5 Finmeccanica -11%
1 Petrochina -10%
2 Total 7%
3 Royal Dutch Shell -7%
4 Schlumberger 4%
5 Petroleo Brasiliero -3%
1 Medtronic -5%
2 Baxter International 22%
3 Boston Scientific -5%
4 St Jude Medical 0%
5
Thermo Fisher
Scientific
75%
Automotive
Consumer
Electronics
Enterprise Software &
Enterprise 2.0Semiconductor Telecommunication
Consumer / Web 2.0
& E-Commerce Industrial
Aerospace &
Defence Energy & Utility Medical Devices
USD 109 Bn USD 46 Bn USD 37 BnUSD 51 Bn USD 42 Bn
USD 34 Bn USD 20 BnUSD 21 Bn USD 18 Bn USD 11 Bn
1 Apple 35%
2 Hewlett-Packard 10%
3 EMC 8%
4 Canon -11%
5 Western Digital 6%
Computer Peripherals
and Storage
USD 27 Bn
2% 7% 1% 5%
35%
2% 6% 1%
0%
0%0%
USD XX Bn X%
Y% Z%Total Vertical R&D spend 2014
% Increase in R&D
spend over 2013
% decrease in R&D
spend over 2013
No change in R&D
spend from 2013

24. Companies from Hi-Tech verticals like Software, Internet and Semiconductor have
an average R&D intensity of more than 10%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Consumer / Web 2.0
and E-Commerce
Semiconductor Enterprise Software
& Enterprise 2.0
Medical Devices Consumer
Electronics
Electrical
Equipements
Telecommunication Aerospace and
Defence
Automotive Computer
Peripherals and
Storage
Industrial Energy & Utility
14%
12%
10%
7%
6%
6%
5% 5%
4%
4%
2%
0.5%
2012 2013 2014
R&D Intensity Analysis

25. Automotive
Telecommunication
Consumer Electronics
Enterprise Software &
Enterprise 2.0
Consumer / Web 2.0
and E-Commerce
Aerospace and Defence
Medical Devices
Industrial
Computer Peripherals
and Storage
Semiconductor
Energy and Utility
103
106
109
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
4.26%
4.30%
4.29%
R&D Spending Growth
(In USD billion)
19
53
0
7
30
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Volkswagen USD 14 Bn
2 Toyota Motor USD 8.8 Bn
3 General Motors USD 7.4 Bn
4 Ford Motor USD 6.4 Bn
5 Robert Bosch USD 6.3 Bn
1 Tesla Motors 100%
2 Great Wall Motor 48%
3 Mahle 44%
4 Byd Co Ltd-H 42%
5 Dongfeng Motor 40%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
23/
60
Top Countries
Automotive Vertical: Summary

26. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
46
48
51
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
11.64%
11.82%
11.70%
R&D Spending Growth
(In USD billion)
34
5
2
8
3
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Intel USD 11.5 Bn
2 Qualcomm USD 5.5 Bn
3 Broadcom USD 2.4 Bn
4 Taiwan Semiconductor USD 1.8 Bn
5 Foxconn Technology Group USD 1.5 Bn
1 Avago Technologies 75%
2 Mediatek 55%
3 Imagination Technologies 49%
4 Micron Technology 47%
5 SK Hynix 40%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
16/
47
Top Countries
Semiconductor Vertical: Summary

27. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
41.3
41.2
41.5
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
4.38%
5.01%
5.12%
R&D Spending Growth
(In USD billion)
15 15
0
9
3
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Huawei Technologies USD 6.6 Bn
2 Cisco Systems USD 6.3 Bn
3 Ericsson USD 4.7 Bn
4 Alcatel-Lucent USD 2.7 Bn
5 NTT USD 2.4 Bn
1 Arris 31%
2 F5 Networks 26%
3 Huawei Technologies 26%
4 ZTE 19%
5 AT&T 16%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
13/
31
Top Countries
Telecommunication Vertical: Summary

28. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer
Electronics
44.8
45.6 45.6
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
5.67%
6.29%
6.23%
R&D Spending Growth
(In USD billion)
2 1
0
20 21
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Samsung Electronics USD 14 Bn
2 LG USD 8.8 Bn
3 Panasonic USD 7.4 Bn
4 Sony USD 6.4 Bn
5 Toshiba USD 6.3 Bn
1 Nintendo 37%
2 Alps Electric 18%
3 Sega Sammy 10%
4 Toshiba 10%
5 Garmin 8%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
10/
27
Top Countries
Consumer Electronics Vertical: Summary

29. Industrial
Telecommunication
Enterprise Software
& Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
33
35
37
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
9.99%
10.10%
10.21%
R&D Spending Growth
(In USD billion)
31
6
0 0 0
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Microsoft USD 11.3 Bn
2 IBM USD 5.4 Bn
3 Oracle USD 5.1 Bn
4 SAP USD 2.8 Bn
5 VMware USD 1.2 Bn
1 Salesforce.com 45%
2 NCR 30%
3 Red Hat 21%
4 Verifone Systems 18%
5 CA 17%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
6/
29
Top Countries
Enterprise Software & Enterprise 2.0 Vertical: Summary

30. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
21
25
34
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
12.00%
12.55%
14.06%
R&D Spending Growth
(In USD billion)
30
1 0
4
0
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Google USD 9.8 Bn
2 Amazon.com USD 9.2 Bn
3 Facebook USD 2.6 Bn
4 eBay USD 2 Bn
5 Tencent USD 1.2 Bn
1 Facebook 88%
2 Ctrip.com International 82%
3 Baidu 66%
4 Qihoo 360 Technology 59%
5 Sohu.com 48%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
8/
19
Top Countries
Consumer / Web 2.0 and E-Commerce Vertical: Summary

31. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
33 33
27
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
4.52%
4.71%
3.95%
R&D Spending Growth
(In USD billion)
16
1
0
3
6
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Apple USD 6 Bn
2 Hewlett-Packard USD 3.5 Bn
3 EMC USD 3 Bn
4 Canon USD 2.6 Bn
5 Western Digital USD 1.7 Bn
1 Apple 35%
2 Synaptics 33%
3 Lexmark 24%
4 Lenovo 17%
5 Realtek Semiconductor 11%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
7/
25
Top Countries
Computer Peripherals & Storage Vertical: Summary

32. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and
Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
21.1
21.3
21.4
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
4.78%
4.70%
4.85%
R&D Spending Growth
(In USD billion)
7
14
0 0.2 0
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Airbus Group USD 4.1 Bn
2 Boeing USD 3 Bn
3 Safran USD 2.4 Bn
4 BAE Systems USD 2.1 Bn
5 Finmeccanica USD 1.9 Bn
1 BE Aerospace 29%
2 BAE Systems 22%
3 Bombardier Inc 18%
4 General Dynamics 15%
5 Rolls-Royce 13%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
6/
19
Top Countries
Aerospace & Defence Vertical: Summary

33. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
22.7
20.2
19.8
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
2.22%
2.15%
2.24%
R&D Spending Growth
(In USD billion)
5
9
0.7
1.3
4
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 3M USD 1.7 Bn
2 ABB USD 1.5 Bn
3 Vale USD 0.7 Bn
4 Schneider USD 0.7 Bn
5 TE Connectivity USD 0.7 Bn
1 Shanghai Electric 39%
2 Trumpf 24%
3 Daikin Industries 22%
4 Atlas Copco 14%
5 Kubota 14%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
2/
50
Top Countries
Industrial Vertical: Summary

34. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
19
20
18
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
0.44%
0.48%
0.49%
R&D Spending Growth
(In USD billion)
5
7
2
4
0.2
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Petrochina USD 2.1 Bn
2 Total USD 1.4 Bn
3 Royal Dutch Shell USD 1.2 Bn
4 Schlumberger USD 1.2 Bn
5 Petroleo Brasiliero USD 1.1 Bn
1 CNOOC Limited 39%
2 Baker Hughes 10%
3 Weatherford International 9%
4 Alstom 8%
5 Total 7%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
7/
29
Top Countries
Energy & Utility Vertical: Summary

35. Industrial
Telecommunication
Enterprise Software &
Enterprise 2.0
Semiconductor
Aerospace and Defence
Energy and Utility
Medical Devices
Automotive
Computer Peripherals
and Storage
Consumer / Web 2.0
and E-Commerce
Consumer Electronics
10.8
11.5
11.4
2012 2013 2014
Total Global 500 R&D Spend X% R&D Intensity*
6.25% 6.34%
7.30%
R&D Spending Growth
(In USD billion)
8
2
0 0
2
North
America
Europe RoW APAC Japan
Regional R&D Spending
(In USD billion)
1 Medtronic USD 1.5 Bn
2 Baxter international USD 1.1 Bn
3 Boston Scientific USD 0.8 Bn
4 St Jude Medical USD 0.7 Bn
5 Thermo Fisher Scientific USD 0.7 Bn
1 Thermo Fisher Scientific 75%
2 Hoya 24%
3 Baxter International 22%
4 Cerner 18%
5 Stryker 15%
Highest R&D Spenders
Highest Growth in R&D Spend
New Entrants
Billion Dollar R&D Spenders/
Total Companies
2/
24
Top Countries
Medical Devices Vertical: Summary

36. Bangalore
69 "Prathiba Complex",
4th 'A' Cross,
Koramangala 5th Block,
Bangalore-560 095.
Phone: +91-80-41127925/6
Singapore
Level 42, Suntec Tower Three
8 Temasek Boulevard
Singapore 038988
Phone:+65 6829 2123
Texas
21, Waterway Ave
Suite 300
The Woodlands
TX-77380 USA
Phone:+1-281-362-2773
Beijing
Meilifang Tower 4, Entrance 4,
10/F #1003,
11 Beiyuan Shuangying Road,
Chaoyang District, Beijing
China 100012
Thank You
Gurgaon Office:
First Floor,
Plot no. 131, Sector 44,
Gurgaon-122002,
Phone: +91 124 4420100
California Office
3080 Olcott Street
Suite A125,
Santa Clara, CA 95054
Phone: +408-716-8432