Asset Tokenization Software Market Developments by 2031
The asset tokenization software market is expected to register a CAGR of 11.1% during 2023–2031. Increased focus on regulatory compliance features and adoption by traditional financial institutions are likely to remain key trends in the market.
Asset Tokenization Software Market Analysis
- Asset tokenization software is a technology that converts the rights to an asset into a digital token that can be traded more easily, subdivided or otherwise managed.
- The bubble in digital currencies, Bitcoin and Ethereum, has made a lot of investors believe in the next big thing – blockchain projects or digital assets. Anything and everything can be tokenized – tangible intangibles as well. From simple assets like inventory and rolling stock to complex ones such as Goodwill or copyrights – they can be tokenized.
- Doing so smoothens the transaction, workflow, and efficient record-keeping and helps in simplifying the exchange of value. Hence, the asset tokenization market has been growing in recent times.
Asset Tokenization Software Market Overview
- Asset tokenization software is maturing rapidly, with adoption and development often leading the way. Rising demand for tokenization to enable fractional ownership and increased liquidity is resulting in robust growth and expanding market share across a multitude of asset classes.
- Although financial institutions and real estate businesses currently lead the adoption charge, asset tokenization has become significant in tokenizing everything from property portfolios to fine art.
- Moreover, regulatory clarity, especially in leading jurisdictions, is speeding up implementation, and blockchain technology advancements are bringing substantial security and efficiency benefits.
- New entrants doubt the incumbents’ ability to retain market share, as cold future outlooks predict users will migrate towards slicker interfaces and more cross-platform compatibility. With the maturation of this sector, we’re increasingly moving towards ever-more specialized solutions for specific industries. Indeed, AI looks set to play a leading role in the next wave of tokenization platforms.
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Asset Tokenization Software Market: Strategic Insights
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Asset Tokenization Software Market: Strategic Insights
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Asset Tokenization Software Market Drivers and Opportunities
Growing Interest in Fractional Ownership to Favor the Market
- Fractional ownership facilitates exposure to assets that were, until now, out of reach for retail traders – a fact that, together with these platforms’ capacity to tokenize almost anything of value, is widening their potential customer base.
- Multiple asset classes might be required to substantially diversify risks. This means it’s easier for investors to match their capital across many types of assets, putting pressure on firms to build generalized financial software. As a result, firms will find it easier to build software that works for different asset classes.
- Meanwhile, fractional tokens tend to be much more liquid than the underlying whole asset, which means that liquidity and bids are vital for tokenization software.
- Smaller amounts for investment would allow more people to get involved, increasing the total market size for tokenization platforms.
- Many are looking at asset tokenization as a way of monetizing assets that were previously difficult to value and sell, which is leading to the development of increasingly advanced tokenization technologies.
Integration with Decentralized Finance (DeFi) Platforms
- Tokens within decentralized finance (DeFi) could get larger liquidity pools than otherwise. Financial derivatives offer a new use for tokenized assets, expanding their appeal for investors and issuers alike.
- Tokenized goods can be used in lending and borrowing protocols within DeFi. Like stocks or bonds, they also accrue yield, making the model more viable.
- By putting together different instruments, investors could, in theory, launch new, more complex financial products entirely composed of traditional assets (e.g., ‘wrapped stocks’), as well as products with a mix of conventional assets and DeFi instruments of their choosing (e.g., ‘synthetic credit default swaps’), opening entirely new markets.
- DeFi makes tokenized assets usable across multiple blockchain ecosystems, widening their potential use and increasing their usefulness.
- Asset management contains a sequence of steps and can be automated through smart contracts, which are cost-beneficial and effective.
Asset Tokenization Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the asset tokenization software market analysis are type, deployment, and application.
- Based on type, the asset tokenization software market is divided into liquid asset tokenization, real-estate tokenization, stablecoins, and others.
- Based on the deployment, the asset tokenization software market is divided into cloud-based and on-premises.
- Based on the application, the asset tokenization software market is divided into financial enterprises, banks, and others.
Asset Tokenization Software Market Share Analysis by Geography
- Asset tokenization 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 asset tokenization 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 asset tokenization software market in these regions.
Asset Tokenization Software Market Report Scope
Asset Tokenization Software Market News and Recent Developments
The asset tokenization 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 asset tokenization software market are listed below:
- Kaleido, an enterprise-grade Web3 infrastructure platform, and Polygon, an Ethereum scaling platform onboarding millions to Web3, today announced a strategic partnership, enabling enterprises to build and launch dedicated blockchain networks tailored specifically to their needs. Kaleido will leverage Polygon Edge, a dedicated framework allowing organizations to deploy customizable, application-specific, and highly performant blockchain networks and help meet surging demand from enterprises. (Source: Kaliedo, Press Release, January 2022)
- A joint venture between the Boston Options Exchange (BOX) and crypto tokenization firm tZero has been granted regulatory approval to operate a bourse utilizing blockchain tech for its settlements and market data. The US Securities and Exchange Commission (SEC) gave the nod to the Boston Security Token Exchange (BSTX) for its Market Data Blockchain product following a lengthy rule review process, according to an SEC notice on Wednesday. (Source: Block Works, Press Release, January 2022)
Asset Tokenization Software Market Report Coverage and Deliverables
The “Asset Tokenization Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Asset tokenization software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Asset tokenization software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Asset tokenization 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 asset tokenization 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 global asset tokenization software market is expected to grow at a CAGR of 11.1% during the forecast period 2023 - 2031.
Growing interest in fractional ownership and blockchain technology advancements are expected to drive the asset tokenization software market.
Increased focus on regulatory compliance features and adoption by traditional financial institutions are likely to remain key trends in the market.
The leading players operating in the asset tokenization software market are ABT Capital Markets Inc., CloudFabrix Software Inc., Credits.com, Divistock, Harbor Platform, Inc., Konkrete Distributed Registries Ltd, Meridio Inc., OmegaX, and Securitize.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and 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.
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 Asset Tokenization Software Market - By Type
1.3.2 Asset Tokenization Software Market - By Deployment
1.3.3 Asset Tokenization Software Market - By Application
1.3.4 Asset Tokenization Software Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ASSET TOKENIZATION SOFTWARE 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. ASSET TOKENIZATION SOFTWARE 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. ASSET TOKENIZATION SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. ASSET TOKENIZATION SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. ASSET TOKENIZATION SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ASSET TOKENIZATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ILLIQUID ASSET TOKENIZATION
7.3.1. Overview
7.3.2. Illiquid Asset Tokenization Market Forecast and Analysis
7.4. REAL-ESTATE TOKENIZATION
7.4.1. Overview
7.4.2. Real-Estate Tokenization Market Forecast and Analysis
7.5. STABLE COINS
7.5.1. Overview
7.5.2. Stable Coins Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ASSET TOKENIZATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. CLOUD-BASED
8.3.1. Overview
8.3.2. Cloud-Based Market Forecast and Analysis
8.4. ON-PREMISES
8.4.1. Overview
8.4.2. On-Premises Market Forecast and Analysis
9. ASSET TOKENIZATION SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FINANCIAL ENTERPRISE
9.3.1. Overview
9.3.2. Financial Enterprise Market Forecast and Analysis
9.4. BANKS
9.4.1. Overview
9.4.2. Banks Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. ASSET TOKENIZATION SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Asset Tokenization Software Market Overview
10.1.2 North America Asset Tokenization Software Market Forecasts and Analysis
10.1.3 North America Asset Tokenization Software Market Forecasts and Analysis - By Type
10.1.4 North America Asset Tokenization Software Market Forecasts and Analysis - By Deployment
10.1.5 North America Asset Tokenization Software Market Forecasts and Analysis - By Application
10.1.6 North America Asset Tokenization Software Market Forecasts and Analysis - By Countries
10.1.6.1 United States Asset Tokenization Software Market
10.1.6.1.1 United States Asset Tokenization Software Market by Type
10.1.6.1.2 United States Asset Tokenization Software Market by Deployment
10.1.6.1.3 United States Asset Tokenization Software Market by Application
10.1.6.2 Canada Asset Tokenization Software Market
10.1.6.2.1 Canada Asset Tokenization Software Market by Type
10.1.6.2.2 Canada Asset Tokenization Software Market by Deployment
10.1.6.2.3 Canada Asset Tokenization Software Market by Application
10.1.6.3 Mexico Asset Tokenization Software Market
10.1.6.3.1 Mexico Asset Tokenization Software Market by Type
10.1.6.3.2 Mexico Asset Tokenization Software Market by Deployment
10.1.6.3.3 Mexico Asset Tokenization Software Market by Application
10.2. EUROPE
10.2.1 Europe Asset Tokenization Software Market Overview
10.2.2 Europe Asset Tokenization Software Market Forecasts and Analysis
10.2.3 Europe Asset Tokenization Software Market Forecasts and Analysis - By Type
10.2.4 Europe Asset Tokenization Software Market Forecasts and Analysis - By Deployment
10.2.5 Europe Asset Tokenization Software Market Forecasts and Analysis - By Application
10.2.6 Europe Asset Tokenization Software Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Asset Tokenization Software Market
10.2.6.1.1 Germany Asset Tokenization Software Market by Type
10.2.6.1.2 Germany Asset Tokenization Software Market by Deployment
10.2.6.1.3 Germany Asset Tokenization Software Market by Application
10.2.6.2 France Asset Tokenization Software Market
10.2.6.2.1 France Asset Tokenization Software Market by Type
10.2.6.2.2 France Asset Tokenization Software Market by Deployment
10.2.6.2.3 France Asset Tokenization Software Market by Application
10.2.6.3 Italy Asset Tokenization Software Market
10.2.6.3.1 Italy Asset Tokenization Software Market by Type
10.2.6.3.2 Italy Asset Tokenization Software Market by Deployment
10.2.6.3.3 Italy Asset Tokenization Software Market by Application
10.2.6.4 United Kingdom Asset Tokenization Software Market
10.2.6.4.1 United Kingdom Asset Tokenization Software Market by Type
10.2.6.4.2 United Kingdom Asset Tokenization Software Market by Deployment
10.2.6.4.3 United Kingdom Asset Tokenization Software Market by Application
10.2.6.5 Russia Asset Tokenization Software Market
10.2.6.5.1 Russia Asset Tokenization Software Market by Type
10.2.6.5.2 Russia Asset Tokenization Software Market by Deployment
10.2.6.5.3 Russia Asset Tokenization Software Market by Application
10.2.6.6 Rest of Europe Asset Tokenization Software Market
10.2.6.6.1 Rest of Europe Asset Tokenization Software Market by Type
10.2.6.6.2 Rest of Europe Asset Tokenization Software Market by Deployment
10.2.6.6.3 Rest of Europe Asset Tokenization Software Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Asset Tokenization Software Market Overview
10.3.2 Asia-Pacific Asset Tokenization Software Market Forecasts and Analysis
10.3.3 Asia-Pacific Asset Tokenization Software Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Asset Tokenization Software Market Forecasts and Analysis - By Deployment
10.3.5 Asia-Pacific Asset Tokenization Software Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Asset Tokenization Software Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Asset Tokenization Software Market
10.3.6.1.1 Australia Asset Tokenization Software Market by Type
10.3.6.1.2 Australia Asset Tokenization Software Market by Deployment
10.3.6.1.3 Australia Asset Tokenization Software Market by Application
10.3.6.2 China Asset Tokenization Software Market
10.3.6.2.1 China Asset Tokenization Software Market by Type
10.3.6.2.2 China Asset Tokenization Software Market by Deployment
10.3.6.2.3 China Asset Tokenization Software Market by Application
10.3.6.3 India Asset Tokenization Software Market
10.3.6.3.1 India Asset Tokenization Software Market by Type
10.3.6.3.2 India Asset Tokenization Software Market by Deployment
10.3.6.3.3 India Asset Tokenization Software Market by Application
10.3.6.4 Japan Asset Tokenization Software Market
10.3.6.4.1 Japan Asset Tokenization Software Market by Type
10.3.6.4.2 Japan Asset Tokenization Software Market by Deployment
10.3.6.4.3 Japan Asset Tokenization Software Market by Application
10.3.6.5 South Korea Asset Tokenization Software Market
10.3.6.5.1 South Korea Asset Tokenization Software Market by Type
10.3.6.5.2 South Korea Asset Tokenization Software Market by Deployment
10.3.6.5.3 South Korea Asset Tokenization Software Market by Application
10.3.6.6 Rest of Asia-Pacific Asset Tokenization Software Market
10.3.6.6.1 Rest of Asia-Pacific Asset Tokenization Software Market by Type
10.3.6.6.2 Rest of Asia-Pacific Asset Tokenization Software Market by Deployment
10.3.6.6.3 Rest of Asia-Pacific Asset Tokenization Software Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Asset Tokenization Software Market Overview
10.4.2 Middle East and Africa Asset Tokenization Software Market Forecasts and Analysis
10.4.3 Middle East and Africa Asset Tokenization Software Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Asset Tokenization Software Market Forecasts and Analysis - By Deployment
10.4.5 Middle East and Africa Asset Tokenization Software Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Asset Tokenization Software Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Asset Tokenization Software Market
10.4.6.1.1 South Africa Asset Tokenization Software Market by Type
10.4.6.1.2 South Africa Asset Tokenization Software Market by Deployment
10.4.6.1.3 South Africa Asset Tokenization Software Market by Application
10.4.6.2 Saudi Arabia Asset Tokenization Software Market
10.4.6.2.1 Saudi Arabia Asset Tokenization Software Market by Type
10.4.6.2.2 Saudi Arabia Asset Tokenization Software Market by Deployment
10.4.6.2.3 Saudi Arabia Asset Tokenization Software Market by Application
10.4.6.3 U.A.E Asset Tokenization Software Market
10.4.6.3.1 U.A.E Asset Tokenization Software Market by Type
10.4.6.3.2 U.A.E Asset Tokenization Software Market by Deployment
10.4.6.3.3 U.A.E Asset Tokenization Software Market by Application
10.4.6.4 Rest of Middle East and Africa Asset Tokenization Software Market
10.4.6.4.1 Rest of Middle East and Africa Asset Tokenization Software Market by Type
10.4.6.4.2 Rest of Middle East and Africa Asset Tokenization Software Market by Deployment
10.4.6.4.3 Rest of Middle East and Africa Asset Tokenization Software Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Asset Tokenization Software Market Overview
10.5.2 South and Central America Asset Tokenization Software Market Forecasts and Analysis
10.5.3 South and Central America Asset Tokenization Software Market Forecasts and Analysis - By Type
10.5.4 South and Central America Asset Tokenization Software Market Forecasts and Analysis - By Deployment
10.5.5 South and Central America Asset Tokenization Software Market Forecasts and Analysis - By Application
10.5.6 South and Central America Asset Tokenization Software Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Asset Tokenization Software Market
10.5.6.1.1 Brazil Asset Tokenization Software Market by Type
10.5.6.1.2 Brazil Asset Tokenization Software Market by Deployment
10.5.6.1.3 Brazil Asset Tokenization Software Market by Application
10.5.6.2 Argentina Asset Tokenization Software Market
10.5.6.2.1 Argentina Asset Tokenization Software Market by Type
10.5.6.2.2 Argentina Asset Tokenization Software Market by Deployment
10.5.6.2.3 Argentina Asset Tokenization Software Market by Application
10.5.6.3 Rest of South and Central America Asset Tokenization Software Market
10.5.6.3.1 Rest of South and Central America Asset Tokenization Software Market by Type
10.5.6.3.2 Rest of South and Central America Asset Tokenization Software Market by Deployment
10.5.6.3.3 Rest of South and Central America Asset Tokenization Software Market by Application
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. ASSET TOKENIZATION SOFTWARE MARKET, KEY COMPANY PROFILES
12.1. ABT CAPITAL MARKETS 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. CLOUDFABRIX SOFTWARE 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. CREDITS.COM
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. DIVISTOCK
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. HARBOR PLATFORM, INC.
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. KONKRETE DISTRIBUTED REGISTRIES LTD
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. MERIDIO INC.
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. OMEGAX
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. SECURITIZE
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. TZERO CRYPTO, 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. ABT Capital Markets Inc.
2. CloudFabrix Software Inc.
3. Credits.com
4. Divistock
5. Harbor Platform, Inc.
6. Konkrete Distributed Registries Ltd
7. Meridio Inc.
8. OmegaX
9. Securitize
10. tZERO Crypto, 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.
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