Blockchain in Transportation and Logistics Market Developments by 2031
The blockchain in transportation and logistics market is estimated to record a CAGR of 38.3% from 2023 to 2031. The rise in the transportation industry is considered a blockchain in the transportation and logistics market trend.
Blockchain in Transportation and Logistics Market Analysis
- Some of the major factors influencing the blockchain in the transportation and logistics market are the high security offered by blockchain technology, the rise in digitalization, and the rising applications of blockchain.
- Moreover, the benefits of blockchain in the transportation and logistics industry include increased data security, improved tracking systems, saving time, and enhanced management processes to foster blockchain in transportation and logistics market growth.
- Furthermore, using the Internet Of Things (IoT) And AI to increase the efficiency of blockchain technology and foster blockchain in transportation and logistics market size. By using IoT sensors and AI in trucks and other shipping vehicles, logistics and transportation companies can identify the amount of space taken up in a shipment and find out the cost accordingly, transmitting all of this information to the blockchain.
Blockchain in Transportation and Logistics Industry Overview
- Blockchain is one of the advanced technologies used in the transportation and logistics industry. It uses advanced mechanisms for storing data and managing its database. Blockchain keeps the information transparent over a highly secure business network. It stores the data in blocks and connects them through a chain, which makes the system robust and difficult to hack.
- Blockchain helps transport and logistics companies manage fleets, routes, and overall operations. It helps in order delivery tracking, which helps the companies offer same-day or express delivery within one or two hours.
Strategic Insights
Blockchain in Transportation and Logistics Market Drivers and Opportunities
Rise in retail and e-commerce to Drive the Blockchain in the transportation and logistics market.
- Some of the factors such as urbanization, income growth, and rise in population are some of the vital reason that drives the retail industry. In addition, digitalization and customer preference to shop anything from anywhere have resulted in the growing retail and e-commerce industry.
- There are several benefits of using blockchain technology in the retail and e-commerce industry to enhance the delivery process, helping companies to grow and achieve error and hassle-free delivery processes, which act as one of the major drivers for the blockchain in transportation and logistics market growth.
Blockchain in Transportation and Logistics Market Report Segmentation Analysis
- Based on components, the blockchain in the transportation and logistics market is segmented into solutions and services.
- The solution segment holds the largest blockchain in transportation and logistics market share in 2023.
Blockchain in Transportation and Logistics Market Share Analysis By Geography
The scope of the blockchain in transportation and logistics market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. In terms of revenue, North America dominated the blockchain in transportation and logistics market share in 2023. The Asia Pacific region is expected to grow with the highest CAGR during the forecast period.
The majority of the global players are in North America which fuels the North America blockchain in transportation and logistics market share. As the region is a pioneer in technology, the incorporation of various software tools coupled with data analytics enhanced the demand for their products in the global market.
Blockchain in Transportation and Logistics Market Report Scope
The "Blockchain in Transportation and Logistics Market Analysis" was carried out based on components, mode of transportation, and geography. Based on components, the market is segmented into solutions and services. Based on the mode of transportation, the market is segmented into land, air, and sea. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Blockchain in Transportation and Logistics Market News and Recent Developments
The blockchain in transportation and logistics market report includes company positioning and concentration to evaluate the performance of competitors/players in the market. Companies adopt inorganic and organic strategies such as mergers and acquisitions in the blockchain in the transportation and logistics market. The blockchain in transportation and logistics market forecasts can help stakeholders plan their growth strategies. A few recent key market developments are listed below:
- In May 2023, BOTLabs GmbH, developer of KILT Protocol and Deloitte Consulting AG, announced the integration of KILT blockchain technology for issuing reusable digital credentials to support KYC and KYB processes. These credentials have multiple use cases, including regulatory compliance for banking and Decentralized Finance (DeFi), age verification for e-commerce, private logins, and fundraising. [Source: Deloitte, Company News]
- In February 2024, UNCTAD and partners launched a new e-learning course on 6 February to equip policymakers with a practical methodology to tap blockchains to make trade faster, less costly, and more secure. As a shared ledger, blockchain can help streamline customs clearance by improving coordination and real-time information sharing. It allows trade documents to be validated and made available to all relevant stakeholders while preserving the privacy of traders through encryption. [Source: UNCTAD, Organization News]
Blockchain in Transportation and Logistics Market Report Coverage & Deliverables
The market report on “Blockchain in Transportation and Logistics Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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 blockchain in the transportation and logistics market is expected to grow at a CAGR of 38.3 % during the forecast period 2024 - 2031.
The rise in the transportation industry is anticipated to play a significant role in the global blockchain in the transportation and logistics market in the coming years.
The rise in digitalization, growing adoption of blockchain technology, and growth in the retail and e-commerce industry are the major factors that propel the global blockchain in the transportation and logistics market.
The key players holding majority shares in the global blockchain in the transportation and logistics market are Accenture, IBM, Oracle, Microsoft, and Amazon.
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 Blockchain In Transportation And Logistics - By Mode
1.3.2 Blockchain In Transportation And Logistics - By Organizational Size
1.3.3 Blockchain In Transportation And Logistics - By Application
1.3.4 Blockchain In Transportation And Logistics - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS - 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS - GLOBAL MARKET ANALYSIS
6.1. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS - GLOBAL MARKET OVERVIEW
6.2. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS - REVENUE AND FORECASTS TO 2028 - MODE
7.1. OVERVIEW
7.2. MODE MARKET FORECASTS AND ANALYSIS
7.3. SEA
7.3.1. Overview
7.3.2. Sea Market Forecast and Analysis
7.4. LAND
7.4.1. Overview
7.4.2. Land Market Forecast and Analysis
7.5. AIR
7.5.1. Overview
7.5.2. Air Market Forecast and Analysis
8. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS - REVENUE AND FORECASTS TO 2028 - ORGANIZATIONAL SIZE
8.1. OVERVIEW
8.2. ORGANIZATIONAL SIZE MARKET FORECASTS AND ANALYSIS
8.3. LARGE ENTERPRISES
8.3.1. Overview
8.3.2. Large Enterprises Market Forecast and Analysis
8.4. SMES
8.4.1. Overview
8.4.2. SMEs Market Forecast and Analysis
9. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PRODUCT TRACEABILITY
9.3.1. Overview
9.3.2. Product Traceability Market Forecast and Analysis
9.4. TRACKING AND VISIBILITY
9.4.1. Overview
9.4.2. Tracking and Visibility Market Forecast and Analysis
9.5. PAYMENT AND SETTLEMENT
9.5.1. Overview
9.5.2. Payment and Settlement Market Forecast and Analysis
9.6. SMART CONTRACT
9.6.1. Overview
9.6.2. Smart Contract Market Forecast and Analysis
9.7. GOVERNANCE RISK AND COMPLIANCE MANAGEMENT
9.7.1. Overview
9.7.2. Governance Risk and Compliance Management Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Blockchain In Transportation And Logistics Overview
10.1.2 North America Blockchain In Transportation And Logistics Forecasts and Analysis
10.1.3 North America Blockchain In Transportation And Logistics Forecasts and Analysis - By Mode
10.1.4 North America Blockchain In Transportation And Logistics Forecasts and Analysis - By Organizational Size
10.1.5 North America Blockchain In Transportation And Logistics Forecasts and Analysis - By Application
10.1.6 North America Blockchain In Transportation And Logistics Forecasts and Analysis - By Countries
10.1.6.1 United States Blockchain In Transportation And Logistics
10.1.6.1.1 United States Blockchain In Transportation And Logistics by Mode
10.1.6.1.2 United States Blockchain In Transportation And Logistics by Organizational Size
10.1.6.1.3 United States Blockchain In Transportation And Logistics by Application
10.1.6.2 Canada Blockchain In Transportation And Logistics
10.1.6.2.1 Canada Blockchain In Transportation And Logistics by Mode
10.1.6.2.2 Canada Blockchain In Transportation And Logistics by Organizational Size
10.1.6.2.3 Canada Blockchain In Transportation And Logistics by Application
10.1.6.3 Mexico Blockchain In Transportation And Logistics
10.1.6.3.1 Mexico Blockchain In Transportation And Logistics by Mode
10.1.6.3.2 Mexico Blockchain In Transportation And Logistics by Organizational Size
10.1.6.3.3 Mexico Blockchain In Transportation And Logistics by Application
10.2. EUROPE
10.2.1 Europe Blockchain In Transportation And Logistics Overview
10.2.2 Europe Blockchain In Transportation And Logistics Forecasts and Analysis
10.2.3 Europe Blockchain In Transportation And Logistics Forecasts and Analysis - By Mode
10.2.4 Europe Blockchain In Transportation And Logistics Forecasts and Analysis - By Organizational Size
10.2.5 Europe Blockchain In Transportation And Logistics Forecasts and Analysis - By Application
10.2.6 Europe Blockchain In Transportation And Logistics Forecasts and Analysis - By Countries
10.2.6.1 Germany Blockchain In Transportation And Logistics
10.2.6.1.1 Germany Blockchain In Transportation And Logistics by Mode
10.2.6.1.2 Germany Blockchain In Transportation And Logistics by Organizational Size
10.2.6.1.3 Germany Blockchain In Transportation And Logistics by Application
10.2.6.2 France Blockchain In Transportation And Logistics
10.2.6.2.1 France Blockchain In Transportation And Logistics by Mode
10.2.6.2.2 France Blockchain In Transportation And Logistics by Organizational Size
10.2.6.2.3 France Blockchain In Transportation And Logistics by Application
10.2.6.3 Spain Blockchain In Transportation And Logistics
10.2.6.3.1 Spain Blockchain In Transportation And Logistics by Mode
10.2.6.3.2 Spain Blockchain In Transportation And Logistics by Organizational Size
10.2.6.3.3 Spain Blockchain In Transportation And Logistics by Application
10.2.6.4 United Kingdom Blockchain In Transportation And Logistics
10.2.6.4.1 United Kingdom Blockchain In Transportation And Logistics by Mode
10.2.6.4.2 United Kingdom Blockchain In Transportation And Logistics by Organizational Size
10.2.6.4.3 United Kingdom Blockchain In Transportation And Logistics by Application
10.2.6.5 Russia Blockchain In Transportation And Logistics
10.2.6.5.1 Russia Blockchain In Transportation And Logistics by Mode
10.2.6.5.2 Russia Blockchain In Transportation And Logistics by Organizational Size
10.2.6.5.3 Russia Blockchain In Transportation And Logistics by Application
10.2.6.6 Rest of Europe Blockchain In Transportation And Logistics
10.2.6.6.1 Rest of Europe Blockchain In Transportation And Logistics by Mode
10.2.6.6.2 Rest of Europe Blockchain In Transportation And Logistics by Organizational Size
10.2.6.6.3 Rest of Europe Blockchain In Transportation And Logistics by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Blockchain In Transportation And Logistics Overview
10.3.2 Asia-Pacific Blockchain In Transportation And Logistics Forecasts and Analysis
10.3.3 Asia-Pacific Blockchain In Transportation And Logistics Forecasts and Analysis - By Mode
10.3.4 Asia-Pacific Blockchain In Transportation And Logistics Forecasts and Analysis - By Organizational Size
10.3.5 Asia-Pacific Blockchain In Transportation And Logistics Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Blockchain In Transportation And Logistics Forecasts and Analysis - By Countries
10.3.6.1 Australia Blockchain In Transportation And Logistics
10.3.6.1.1 Australia Blockchain In Transportation And Logistics by Mode
10.3.6.1.2 Australia Blockchain In Transportation And Logistics by Organizational Size
10.3.6.1.3 Australia Blockchain In Transportation And Logistics by Application
10.3.6.2 China Blockchain In Transportation And Logistics
10.3.6.2.1 China Blockchain In Transportation And Logistics by Mode
10.3.6.2.2 China Blockchain In Transportation And Logistics by Organizational Size
10.3.6.2.3 China Blockchain In Transportation And Logistics by Application
10.3.6.3 India Blockchain In Transportation And Logistics
10.3.6.3.1 India Blockchain In Transportation And Logistics by Mode
10.3.6.3.2 India Blockchain In Transportation And Logistics by Organizational Size
10.3.6.3.3 India Blockchain In Transportation And Logistics by Application
10.3.6.4 Japan Blockchain In Transportation And Logistics
10.3.6.4.1 Japan Blockchain In Transportation And Logistics by Mode
10.3.6.4.2 Japan Blockchain In Transportation And Logistics by Organizational Size
10.3.6.4.3 Japan Blockchain In Transportation And Logistics by Application
10.3.6.5 South Korea Blockchain In Transportation And Logistics
10.3.6.5.1 South Korea Blockchain In Transportation And Logistics by Mode
10.3.6.5.2 South Korea Blockchain In Transportation And Logistics by Organizational Size
10.3.6.5.3 South Korea Blockchain In Transportation And Logistics by Application
10.3.6.6 Rest of Asia-Pacific Blockchain In Transportation And Logistics
10.3.6.6.1 Rest of Asia-Pacific Blockchain In Transportation And Logistics by Mode
10.3.6.6.2 Rest of Asia-Pacific Blockchain In Transportation And Logistics by Organizational Size
10.3.6.6.3 Rest of Asia-Pacific Blockchain In Transportation And Logistics by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Blockchain In Transportation And Logistics Overview
10.4.2 Middle East and Africa Blockchain In Transportation And Logistics Forecasts and Analysis
10.4.3 Middle East and Africa Blockchain In Transportation And Logistics Forecasts and Analysis - By Mode
10.4.4 Middle East and Africa Blockchain In Transportation And Logistics Forecasts and Analysis - By Organizational Size
10.4.5 Middle East and Africa Blockchain In Transportation And Logistics Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Blockchain In Transportation And Logistics Forecasts and Analysis - By Countries
10.4.6.1 South Africa Blockchain In Transportation And Logistics
10.4.6.1.1 South Africa Blockchain In Transportation And Logistics by Mode
10.4.6.1.2 South Africa Blockchain In Transportation And Logistics by Organizational Size
10.4.6.1.3 South Africa Blockchain In Transportation And Logistics by Application
10.4.6.2 Saudi Arabia Blockchain In Transportation And Logistics
10.4.6.2.1 Saudi Arabia Blockchain In Transportation And Logistics by Mode
10.4.6.2.2 Saudi Arabia Blockchain In Transportation And Logistics by Organizational Size
10.4.6.2.3 Saudi Arabia Blockchain In Transportation And Logistics by Application
10.4.6.3 U.A.E Blockchain In Transportation And Logistics
10.4.6.3.1 U.A.E Blockchain In Transportation And Logistics by Mode
10.4.6.3.2 U.A.E Blockchain In Transportation And Logistics by Organizational Size
10.4.6.3.3 U.A.E Blockchain In Transportation And Logistics by Application
10.4.6.4 Rest of Middle East and Africa Blockchain In Transportation And Logistics
10.4.6.4.1 Rest of Middle East and Africa Blockchain In Transportation And Logistics by Mode
10.4.6.4.2 Rest of Middle East and Africa Blockchain In Transportation And Logistics by Organizational Size
10.4.6.4.3 Rest of Middle East and Africa Blockchain In Transportation And Logistics by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Blockchain In Transportation And Logistics Overview
10.5.2 South and Central America Blockchain In Transportation And Logistics Forecasts and Analysis
10.5.3 South and Central America Blockchain In Transportation And Logistics Forecasts and Analysis - By Mode
10.5.4 South and Central America Blockchain In Transportation And Logistics Forecasts and Analysis - By Organizational Size
10.5.5 South and Central America Blockchain In Transportation And Logistics Forecasts and Analysis - By Application
10.5.6 South and Central America Blockchain In Transportation And Logistics Forecasts and Analysis - By Countries
10.5.6.1 Brazil Blockchain In Transportation And Logistics
10.5.6.1.1 Brazil Blockchain In Transportation And Logistics by Mode
10.5.6.1.2 Brazil Blockchain In Transportation And Logistics by Organizational Size
10.5.6.1.3 Brazil Blockchain In Transportation And Logistics by Application
10.5.6.2 Argentina Blockchain In Transportation And Logistics
10.5.6.2.1 Argentina Blockchain In Transportation And Logistics by Mode
10.5.6.2.2 Argentina Blockchain In Transportation And Logistics by Organizational Size
10.5.6.2.3 Argentina Blockchain In Transportation And Logistics 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. BLOCKCHAIN IN TRANSPORTATION AND LOGISTICS, KEY COMPANY PROFILES
12.1. ACCENTURE
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. AMAZON WEB SERVICES 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. IBM CORPORATION
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. MICROSOFT CORPORATION
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. ORACLE CORPORATION
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. PROVENANCE
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. SAP SE
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. SHIPCHAIN
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. TATA CONSULTANCY SERVICE
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. TRADELENS
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
- Accenture
- IBM
- Oracle
- Microsoft
- Amazon
- AMCON SOFT
- PixelPlex
- OpenLedger
- HCL Technologies
- Infosys Ltd.
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