The architectural engineering and construction software market is expected to register a CAGR of 9.4% during 2023–2031. Cloud-based architectural engineering and construction software; and the adoption of augmented reality (AR) and virtual reality (VR) are a few of the key trends in the market.
Architectural Engineering and Construction Software Market Analysis
- The architectural engineering and construction software market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The architectural engineering and construction software market is growing owing to factors such as increasing digitization in the infrastructure and construction sector, the growing demand for smart and sustainable buildings, and rapid urbanization and industrialization in emerging economies.
- Increasing integration with emerging technologies such as AL, ML, BIM, IoT, and others and the emergence of digital twins in the building to provide lucrative opportunities for the architectural engineering and construction software market.
Architectural Engineering and Construction Software Market Overview
- Architectural engineering and construction (AEC) software is a collection of specialized digital tools intended to support infrastructure and building projects over their whole lifecycle.
- This software helps professionals with project management, cost estimation, scheduling, design, modeling, and collaboration, among other areas of the building process.
- AEC software usually consists of project management tools, Building Information Modelling (BIM) platforms, Computer-Aided Design (CAD) software, and structural, mechanical, and electrical system analysis software.
- AEC software streamlines the intricate process of planning, designing, and building infrastructure by unifying various processes improving efficiency, accuracy, and communication among project stakeholders.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Architectural Engineering and Construction Software Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Architectural Engineering and Construction Software Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Architectural Engineering and Construction Software Market Drivers and Opportunities
Increasing Digitization In The Infrastructure And Construction Sector to Favor Market
- Digitization is becoming more widespread in the construction industry. The construction sector is widely utilizing digital tools and platforms to centralize and optimize project management procedures.
- Digital tools make it possible for teams and project managers to plan, carry out, and supervise construction projects more effectively and efficiently.
- Digitization in the construction industry addresses a range of subjects, including scheduling, budgeting, risk management, communication, and resource allocation.
- Construction industry professionals usually use cloud-based software and mobile apps to provide real-time access to project data and collaboration tools.
- The construction process is complex, with multiple pieces needing to fit together without errors. To improve data accessibility, digital solutions are used by nearly all computational design firms.
The Emergence Of Digital Twins In Building
- Digital twins are exact replicas of real-world items, infrastructure, or processes. A digital twin is a detailed copy of a building that is used during construction to offer every detail, from the original design to ongoing maintenance and operation.
- In the AEC sector, digital twins are advantageous because they provide unmatched project progress visibility, enabling real-time data monitoring and decision-making.
- In addition, the digital twins facilitate communication and coordination between clients, other stakeholders, and other team members.
- Additional advantages include lower mistakes, shorter wait times, and higher quality.
Architectural Engineering and Construction Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the architectural engineering and construction software market analysis are component, deployment, enterprise size, and end user.
- By component, the market is bifurcated into solutions and services.
- By deployment, the market is segmented into public, private, and hybrid.
- By enterprise size, the market is bifurcated into small & medium-sized enterprises (SMEs) and large enterprises.
- By end user, the market is segmented into IT & telecom, retail & e-commerce, BFSI, healthcare & life sciences, manufacturing, and others.
Architectural Engineering and Construction Software Market Share Analysis by Geography
- The architectural engineering and construction software market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering architectural engineering and construction software market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the architectural engineering and construction software market in these regions.
Architectural Engineering and Construction Software Market Report Scope
Architectural Engineering and Construction Software Market News and Recent Developments
The architectural engineering and construction software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the architectural engineering and construction software market are listed below:
- Global building materials supplier Cemex has launched a dedicated plug-in for the Building Information Modelling (BIM) REVIT software used for designing and managing construction projects. Cemex’s tool will enable architects and engineers to identify the best Cemex products and solutions for their work, highlighting those that are particularly innovative and more sustainable. The BIM software offered by Cemex has been expertly designed for architects, engineers, contractors, or construction professionals working on the development of residential, commercial, industrial, or infrastructure projects. It allows users to search concrete by properties, compare concrete products by essential characteristics, and target an embodied carbon value. (Cemex, Press Release, July 2023)
- Cloudera announced its expanded collaboration with NVIDIA. Cloudera powered by NVIDIA will integrate enterprise-grade NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform, into Cloudera Machine Learning, a Cloudera Data Platform service for AI/ML workflows, to deliver fast, secure, and simplified end-to-end generative AI workflows in production. (Cloudera, Press Release, March 2024)
Architectural Engineering and Construction Software Market Report Coverage and Deliverables
The “Architectural Engineering and Construction Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Architectural engineering and construction software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Architectural engineering and construction software market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Architectural engineering and construction software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the architectural engineering and construction software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The leading players operating in the architectural engineering and construction software market are Autodesk; AVEVA Group; PTC; Bentley Systems; Dassault Systems; ANSYS; Hexagon; RIB Software; Trimble; and GEOTEC Software.
Cloud-based architectural engineering and construction software and the adoption of augmented reality (AR) and virtual reality (VR) are anticipated to play a significant role in the global architectural engineering and construction software market in the coming years.
The global architectural engineering and construction software market is expected to grow at a CAGR of 9.4% during the forecast period 2024 - 2031.
Increasing digitization in the infrastructure and construction sector, the growing demand for smart and sustainable buildings, and rapid urbanization and industrialization in emerging economies are the major factors driving the architectural engineering and construction software market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Architectural Engineering And Construction Market - By Product
1.3.2 Architectural Engineering And Construction Market - By Application
1.3.3 Architectural Engineering And Construction Market - By Deployment Type
1.3.4 Architectural Engineering And Construction Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET - GLOBAL MARKET ANALYSIS
6.1. ARCHITECTURAL ENGINEERING AND CONSTRUCTION - GLOBAL MARKET OVERVIEW
6.2. ARCHITECTURAL ENGINEERING AND CONSTRUCTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DOCUMENTATION
8.3.1. Overview
8.3.2. Documentation Market Forecast and Analysis
8.4. MODELLING AND DESIGNING
8.4.1. Overview
8.4.2. Modelling and Designing Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
9.1. OVERVIEW
9.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISE
9.3.1. Overview
9.3.2. On-premise Market Forecast and Analysis
9.4. CLOUD-BASED
9.4.1. Overview
9.4.2. Cloud-based Market Forecast and Analysis
10. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Architectural Engineering And Construction Market Overview
10.1.2 North America Architectural Engineering And Construction Market Forecasts and Analysis
10.1.3 North America Architectural Engineering And Construction Market Forecasts and Analysis - By Product
10.1.4 North America Architectural Engineering And Construction Market Forecasts and Analysis - By Application
10.1.5 North America Architectural Engineering And Construction Market Forecasts and Analysis - By Deployment Type
10.1.6 North America Architectural Engineering And Construction Market Forecasts and Analysis - By Countries
10.1.6.1 United States Architectural Engineering And Construction Market
10.1.6.1.1 United States Architectural Engineering And Construction Market by Product
10.1.6.1.2 United States Architectural Engineering And Construction Market by Application
10.1.6.1.3 United States Architectural Engineering And Construction Market by Deployment Type
10.1.6.2 Canada Architectural Engineering And Construction Market
10.1.6.2.1 Canada Architectural Engineering And Construction Market by Product
10.1.6.2.2 Canada Architectural Engineering And Construction Market by Application
10.1.6.2.3 Canada Architectural Engineering And Construction Market by Deployment Type
10.1.6.3 Mexico Architectural Engineering And Construction Market
10.1.6.3.1 Mexico Architectural Engineering And Construction Market by Product
10.1.6.3.2 Mexico Architectural Engineering And Construction Market by Application
10.1.6.3.3 Mexico Architectural Engineering And Construction Market by Deployment Type
10.2. EUROPE
10.2.1 Europe Architectural Engineering And Construction Market Overview
10.2.2 Europe Architectural Engineering And Construction Market Forecasts and Analysis
10.2.3 Europe Architectural Engineering And Construction Market Forecasts and Analysis - By Product
10.2.4 Europe Architectural Engineering And Construction Market Forecasts and Analysis - By Application
10.2.5 Europe Architectural Engineering And Construction Market Forecasts and Analysis - By Deployment Type
10.2.6 Europe Architectural Engineering And Construction Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Architectural Engineering And Construction Market
10.2.6.1.1 Germany Architectural Engineering And Construction Market by Product
10.2.6.1.2 Germany Architectural Engineering And Construction Market by Application
10.2.6.1.3 Germany Architectural Engineering And Construction Market by Deployment Type
10.2.6.2 France Architectural Engineering And Construction Market
10.2.6.2.1 France Architectural Engineering And Construction Market by Product
10.2.6.2.2 France Architectural Engineering And Construction Market by Application
10.2.6.2.3 France Architectural Engineering And Construction Market by Deployment Type
10.2.6.3 Italy Architectural Engineering And Construction Market
10.2.6.3.1 Italy Architectural Engineering And Construction Market by Product
10.2.6.3.2 Italy Architectural Engineering And Construction Market by Application
10.2.6.3.3 Italy Architectural Engineering And Construction Market by Deployment Type
10.2.6.4 United Kingdom Architectural Engineering And Construction Market
10.2.6.4.1 United Kingdom Architectural Engineering And Construction Market by Product
10.2.6.4.2 United Kingdom Architectural Engineering And Construction Market by Application
10.2.6.4.3 United Kingdom Architectural Engineering And Construction Market by Deployment Type
10.2.6.5 Russia Architectural Engineering And Construction Market
10.2.6.5.1 Russia Architectural Engineering And Construction Market by Product
10.2.6.5.2 Russia Architectural Engineering And Construction Market by Application
10.2.6.5.3 Russia Architectural Engineering And Construction Market by Deployment Type
10.2.6.6 Rest of Europe Architectural Engineering And Construction Market
10.2.6.6.1 Rest of Europe Architectural Engineering And Construction Market by Product
10.2.6.6.2 Rest of Europe Architectural Engineering And Construction Market by Application
10.2.6.6.3 Rest of Europe Architectural Engineering And Construction Market by Deployment Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Architectural Engineering And Construction Market Overview
10.3.2 Asia-Pacific Architectural Engineering And Construction Market Forecasts and Analysis
10.3.3 Asia-Pacific Architectural Engineering And Construction Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Architectural Engineering And Construction Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Architectural Engineering And Construction Market Forecasts and Analysis - By Deployment Type
10.3.6 Asia-Pacific Architectural Engineering And Construction Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Architectural Engineering And Construction Market
10.3.6.1.1 Australia Architectural Engineering And Construction Market by Product
10.3.6.1.2 Australia Architectural Engineering And Construction Market by Application
10.3.6.1.3 Australia Architectural Engineering And Construction Market by Deployment Type
10.3.6.2 China Architectural Engineering And Construction Market
10.3.6.2.1 China Architectural Engineering And Construction Market by Product
10.3.6.2.2 China Architectural Engineering And Construction Market by Application
10.3.6.2.3 China Architectural Engineering And Construction Market by Deployment Type
10.3.6.3 India Architectural Engineering And Construction Market
10.3.6.3.1 India Architectural Engineering And Construction Market by Product
10.3.6.3.2 India Architectural Engineering And Construction Market by Application
10.3.6.3.3 India Architectural Engineering And Construction Market by Deployment Type
10.3.6.4 Japan Architectural Engineering And Construction Market
10.3.6.4.1 Japan Architectural Engineering And Construction Market by Product
10.3.6.4.2 Japan Architectural Engineering And Construction Market by Application
10.3.6.4.3 Japan Architectural Engineering And Construction Market by Deployment Type
10.3.6.5 South Korea Architectural Engineering And Construction Market
10.3.6.5.1 South Korea Architectural Engineering And Construction Market by Product
10.3.6.5.2 South Korea Architectural Engineering And Construction Market by Application
10.3.6.5.3 South Korea Architectural Engineering And Construction Market by Deployment Type
10.3.6.6 Rest of Asia-Pacific Architectural Engineering And Construction Market
10.3.6.6.1 Rest of Asia-Pacific Architectural Engineering And Construction Market by Product
10.3.6.6.2 Rest of Asia-Pacific Architectural Engineering And Construction Market by Application
10.3.6.6.3 Rest of Asia-Pacific Architectural Engineering And Construction Market by Deployment Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Architectural Engineering And Construction Market Overview
10.4.2 Middle East and Africa Architectural Engineering And Construction Market Forecasts and Analysis
10.4.3 Middle East and Africa Architectural Engineering And Construction Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Architectural Engineering And Construction Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Architectural Engineering And Construction Market Forecasts and Analysis - By Deployment Type
10.4.6 Middle East and Africa Architectural Engineering And Construction Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Architectural Engineering And Construction Market
10.4.6.1.1 South Africa Architectural Engineering And Construction Market by Product
10.4.6.1.2 South Africa Architectural Engineering And Construction Market by Application
10.4.6.1.3 South Africa Architectural Engineering And Construction Market by Deployment Type
10.4.6.2 Saudi Arabia Architectural Engineering And Construction Market
10.4.6.2.1 Saudi Arabia Architectural Engineering And Construction Market by Product
10.4.6.2.2 Saudi Arabia Architectural Engineering And Construction Market by Application
10.4.6.2.3 Saudi Arabia Architectural Engineering And Construction Market by Deployment Type
10.4.6.3 U.A.E Architectural Engineering And Construction Market
10.4.6.3.1 U.A.E Architectural Engineering And Construction Market by Product
10.4.6.3.2 U.A.E Architectural Engineering And Construction Market by Application
10.4.6.3.3 U.A.E Architectural Engineering And Construction Market by Deployment Type
10.4.6.4 Rest of Middle East and Africa Architectural Engineering And Construction Market
10.4.6.4.1 Rest of Middle East and Africa Architectural Engineering And Construction Market by Product
10.4.6.4.2 Rest of Middle East and Africa Architectural Engineering And Construction Market by Application
10.4.6.4.3 Rest of Middle East and Africa Architectural Engineering And Construction Market by Deployment Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Architectural Engineering And Construction Market Overview
10.5.2 South and Central America Architectural Engineering And Construction Market Forecasts and Analysis
10.5.3 South and Central America Architectural Engineering And Construction Market Forecasts and Analysis - By Product
10.5.4 South and Central America Architectural Engineering And Construction Market Forecasts and Analysis - By Application
10.5.5 South and Central America Architectural Engineering And Construction Market Forecasts and Analysis - By Deployment Type
10.5.6 South and Central America Architectural Engineering And Construction Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Architectural Engineering And Construction Market
10.5.6.1.1 Brazil Architectural Engineering And Construction Market by Product
10.5.6.1.2 Brazil Architectural Engineering And Construction Market by Application
10.5.6.1.3 Brazil Architectural Engineering And Construction Market by Deployment Type
10.5.6.2 Argentina Architectural Engineering And Construction Market
10.5.6.2.1 Argentina Architectural Engineering And Construction Market by Product
10.5.6.2.2 Argentina Architectural Engineering And Construction Market by Application
10.5.6.2.3 Argentina Architectural Engineering And Construction Market by Deployment Type
10.5.6.3 Rest of South and Central America Architectural Engineering And Construction Market
10.5.6.3.1 Rest of South and Central America Architectural Engineering And Construction Market by Product
10.5.6.3.2 Rest of South and Central America Architectural Engineering And Construction Market by Application
10.5.6.3.3 Rest of South and Central America Architectural Engineering And Construction Market by Deployment Type
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ARCHITECTURAL ENGINEERING AND CONSTRUCTION MARKET, KEY COMPANY PROFILES
12.1. 4M BUILDING SOLUTIONS, INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AUTODESK INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. AVEVA GROUP PLC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BENTLEY SYSTEMS, INCORPORATED
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CYPE INGENIEROS, S.A.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. DASSAULT SYSTèMES SE
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. HEXAGON AB
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NEMETSCHEK SE
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. NEWFORMA, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TRIMBLE INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. 4M Building Solutions, Inc.
2. Autodesk Inc.
3. AVEVA Group plc
4. Bentley Systems, Incorporated
5. CYPE Ingenieros, S.A.
6. Dassault Systèmes SE
7. Hexagon AB
8. NEMETSCHEK SE
9. Newforma, Inc.
10. Trimble Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For