Commerce Cloud Market [2021-2031] - Size, Share, and Analysis
The Commerce Cloud Market is expected to register a CAGR of 21.4% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Platform, Services); Enterprise Size (Large Enterprises, SMEs); Application (Automotive, Electronics, Fashion and Apparel, Travel, Food and Beverages, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Commerce Cloud Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Commerce Cloud Market Segmentation
Component- Platform
- Services
- Large Enterprises
- SMEs
- Automotive
- Electronics
- Fashion and Apparel
- Travel
- Food and Beverages
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Commerce Cloud Market Growth Drivers- Shift to Online and Omnichannel Shopping: The shift from traditional brick-and-mortar retail to online shopping has gained pace drastically in recent times, particularly because of the emergence of e-commerce giants and mobile commerce. Increasingly, consumers are demanding a seamless, integrated experience across all channels-online stores, mobile apps, and physical stores, etc.
- Enhanced Customer Experience and Personalization: Providing an excellent customer experience is one of the main competitive advantages in today's digital economy. Cloud-based commerce platforms come with advanced personalization tools to enable businesses to customize their offerings, content, and recommendations based on user preferences, browsing behavior, and purchase history.
- AI and Personalization Integration: AI-powered personalization will be a major trend in the commerce cloud market. By leveraging AI, platforms will provide tailored shopping experiences based on customer behavior, preferences, and purchase history. This will enhance product recommendations, dynamic pricing, and customer engagement. Personalized experiences will drive higher conversion rates and customer loyalty, making AI a key tool in optimizing e-commerce business strategies within cloud environments.
- Omni-Channel and Cross-Platform Integration: The future of the commerce cloud market will see greater emphasis on omni-channel integration, enabling businesses to offer a seamless experience across multiple platforms, from mobile apps to in-store interactions. Cloud solutions will unify customer data, inventory management, and order fulfillment across online and offline channels. This integration will improve customer satisfaction, drive sales, and streamline operations by allowing businesses to connect with customers wherever they are.
- Expansion of E-Commerce and Digital Retail: The continued growth of e-commerce and digital retail presents a significant opportunity for the commerce cloud market. As more businesses move online, there is increasing demand for scalable, flexible cloud platforms to manage product catalogs, inventory, and customer data. Cloud solutions offer retailers the ability to optimize customer experiences, integrate with multiple sales channels, and improve operational efficiency, driving substantial market expansion.
- Integration with AI for Personalization and Automation: The integration of AI and automation within commerce cloud platforms will provide significant opportunities for growth. AI-powered tools enable personalized product recommendations, dynamic pricing, and optimized customer interactions. Cloud-based solutions equipped with AI will help businesses automate workflows, improve customer engagement, and enhance inventory management, driving greater efficiency and more tailored shopping experiences, which will significantly boost the adoption of commerce cloud services.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Commerce Cloud Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Commerce Cloud Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- 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
Some of the customization options available based on the request are an 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
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
The major factors driving the Commerce Cloud market are Shift to Online and Omnichannel Shopping and Enhanced Customer Experience and Personalization.
The integration with Advanced Technologies i.e. AI, AR, VR, and IoT is anticipated to play a significant role in the global Commerce Cloud market in the coming years
The Commerce Cloud Market is estimated to witness a CAGR of 21.4% from 2024 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Commerce Cloud Market - By Component
1.3.2 Commerce Cloud Market - By Enterprise Size
1.3.3 Commerce Cloud Market - By Application
1.3.4 Commerce Cloud Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMMERCE CLOUD 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. COMMERCE CLOUD 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. COMMERCE CLOUD MARKET - GLOBAL MARKET ANALYSIS
6.1. COMMERCE CLOUD - GLOBAL MARKET OVERVIEW
6.2. COMMERCE CLOUD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMMERCE CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. PLATFORM
7.3.1. Overview
7.3.2. Platform Market Forecast and Analysis
7.3.3. B2B Market
7.3.3.1. Overview
7.3.3.2. B2B Market Forecast and Analysis
7.3.4. B2C Market
7.3.4.1. Overview
7.3.4.2. B2C Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. COMMERCE CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE 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. COMMERCE CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. ELECTRONICS
9.4.1. Overview
9.4.2. Electronics Market Forecast and Analysis
9.5. FASHION AND APPAREL
9.5.1. Overview
9.5.2. Fashion and Apparel Market Forecast and Analysis
9.6. TRAVEL
9.6.1. Overview
9.6.2. Travel Market Forecast and Analysis
9.7. FOOD AND BEVERAGES
9.7.1. Overview
9.7.2. Food and Beverages Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. COMMERCE CLOUD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Commerce Cloud Market Overview
10.1.2 North America Commerce Cloud Market Forecasts and Analysis
10.1.3 North America Commerce Cloud Market Forecasts and Analysis - By Component
10.1.4 North America Commerce Cloud Market Forecasts and Analysis - By Enterprise Size
10.1.5 North America Commerce Cloud Market Forecasts and Analysis - By Application
10.1.6 North America Commerce Cloud Market Forecasts and Analysis - By Countries
10.1.6.1 United States Commerce Cloud Market
10.1.6.1.1 United States Commerce Cloud Market by Component
10.1.6.1.2 United States Commerce Cloud Market by Enterprise Size
10.1.6.1.3 United States Commerce Cloud Market by Application
10.1.6.2 Canada Commerce Cloud Market
10.1.6.2.1 Canada Commerce Cloud Market by Component
10.1.6.2.2 Canada Commerce Cloud Market by Enterprise Size
10.1.6.2.3 Canada Commerce Cloud Market by Application
10.1.6.3 Mexico Commerce Cloud Market
10.1.6.3.1 Mexico Commerce Cloud Market by Component
10.1.6.3.2 Mexico Commerce Cloud Market by Enterprise Size
10.1.6.3.3 Mexico Commerce Cloud Market by Application
10.2. EUROPE
10.2.1 Europe Commerce Cloud Market Overview
10.2.2 Europe Commerce Cloud Market Forecasts and Analysis
10.2.3 Europe Commerce Cloud Market Forecasts and Analysis - By Component
10.2.4 Europe Commerce Cloud Market Forecasts and Analysis - By Enterprise Size
10.2.5 Europe Commerce Cloud Market Forecasts and Analysis - By Application
10.2.6 Europe Commerce Cloud Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Commerce Cloud Market
10.2.6.1.1 Germany Commerce Cloud Market by Component
10.2.6.1.2 Germany Commerce Cloud Market by Enterprise Size
10.2.6.1.3 Germany Commerce Cloud Market by Application
10.2.6.2 France Commerce Cloud Market
10.2.6.2.1 France Commerce Cloud Market by Component
10.2.6.2.2 France Commerce Cloud Market by Enterprise Size
10.2.6.2.3 France Commerce Cloud Market by Application
10.2.6.3 Italy Commerce Cloud Market
10.2.6.3.1 Italy Commerce Cloud Market by Component
10.2.6.3.2 Italy Commerce Cloud Market by Enterprise Size
10.2.6.3.3 Italy Commerce Cloud Market by Application
10.2.6.4 United Kingdom Commerce Cloud Market
10.2.6.4.1 United Kingdom Commerce Cloud Market by Component
10.2.6.4.2 United Kingdom Commerce Cloud Market by Enterprise Size
10.2.6.4.3 United Kingdom Commerce Cloud Market by Application
10.2.6.5 Russia Commerce Cloud Market
10.2.6.5.1 Russia Commerce Cloud Market by Component
10.2.6.5.2 Russia Commerce Cloud Market by Enterprise Size
10.2.6.5.3 Russia Commerce Cloud Market by Application
10.2.6.6 Rest of Europe Commerce Cloud Market
10.2.6.6.1 Rest of Europe Commerce Cloud Market by Component
10.2.6.6.2 Rest of Europe Commerce Cloud Market by Enterprise Size
10.2.6.6.3 Rest of Europe Commerce Cloud Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Commerce Cloud Market Overview
10.3.2 Asia-Pacific Commerce Cloud Market Forecasts and Analysis
10.3.3 Asia-Pacific Commerce Cloud Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Commerce Cloud Market Forecasts and Analysis - By Enterprise Size
10.3.5 Asia-Pacific Commerce Cloud Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Commerce Cloud Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Commerce Cloud Market
10.3.6.1.1 Australia Commerce Cloud Market by Component
10.3.6.1.2 Australia Commerce Cloud Market by Enterprise Size
10.3.6.1.3 Australia Commerce Cloud Market by Application
10.3.6.2 China Commerce Cloud Market
10.3.6.2.1 China Commerce Cloud Market by Component
10.3.6.2.2 China Commerce Cloud Market by Enterprise Size
10.3.6.2.3 China Commerce Cloud Market by Application
10.3.6.3 India Commerce Cloud Market
10.3.6.3.1 India Commerce Cloud Market by Component
10.3.6.3.2 India Commerce Cloud Market by Enterprise Size
10.3.6.3.3 India Commerce Cloud Market by Application
10.3.6.4 Japan Commerce Cloud Market
10.3.6.4.1 Japan Commerce Cloud Market by Component
10.3.6.4.2 Japan Commerce Cloud Market by Enterprise Size
10.3.6.4.3 Japan Commerce Cloud Market by Application
10.3.6.5 South Korea Commerce Cloud Market
10.3.6.5.1 South Korea Commerce Cloud Market by Component
10.3.6.5.2 South Korea Commerce Cloud Market by Enterprise Size
10.3.6.5.3 South Korea Commerce Cloud Market by Application
10.3.6.6 Rest of Asia-Pacific Commerce Cloud Market
10.3.6.6.1 Rest of Asia-Pacific Commerce Cloud Market by Component
10.3.6.6.2 Rest of Asia-Pacific Commerce Cloud Market by Enterprise Size
10.3.6.6.3 Rest of Asia-Pacific Commerce Cloud Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Commerce Cloud Market Overview
10.4.2 Middle East and Africa Commerce Cloud Market Forecasts and Analysis
10.4.3 Middle East and Africa Commerce Cloud Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Commerce Cloud Market Forecasts and Analysis - By Enterprise Size
10.4.5 Middle East and Africa Commerce Cloud Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Commerce Cloud Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Commerce Cloud Market
10.4.6.1.1 South Africa Commerce Cloud Market by Component
10.4.6.1.2 South Africa Commerce Cloud Market by Enterprise Size
10.4.6.1.3 South Africa Commerce Cloud Market by Application
10.4.6.2 Saudi Arabia Commerce Cloud Market
10.4.6.2.1 Saudi Arabia Commerce Cloud Market by Component
10.4.6.2.2 Saudi Arabia Commerce Cloud Market by Enterprise Size
10.4.6.2.3 Saudi Arabia Commerce Cloud Market by Application
10.4.6.3 U.A.E Commerce Cloud Market
10.4.6.3.1 U.A.E Commerce Cloud Market by Component
10.4.6.3.2 U.A.E Commerce Cloud Market by Enterprise Size
10.4.6.3.3 U.A.E Commerce Cloud Market by Application
10.4.6.4 Rest of Middle East and Africa Commerce Cloud Market
10.4.6.4.1 Rest of Middle East and Africa Commerce Cloud Market by Component
10.4.6.4.2 Rest of Middle East and Africa Commerce Cloud Market by Enterprise Size
10.4.6.4.3 Rest of Middle East and Africa Commerce Cloud Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Commerce Cloud Market Overview
10.5.2 South and Central America Commerce Cloud Market Forecasts and Analysis
10.5.3 South and Central America Commerce Cloud Market Forecasts and Analysis - By Component
10.5.4 South and Central America Commerce Cloud Market Forecasts and Analysis - By Enterprise Size
10.5.5 South and Central America Commerce Cloud Market Forecasts and Analysis - By Application
10.5.6 South and Central America Commerce Cloud Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Commerce Cloud Market
10.5.6.1.1 Brazil Commerce Cloud Market by Component
10.5.6.1.2 Brazil Commerce Cloud Market by Enterprise Size
10.5.6.1.3 Brazil Commerce Cloud Market by Application
10.5.6.2 Argentina Commerce Cloud Market
10.5.6.2.1 Argentina Commerce Cloud Market by Component
10.5.6.2.2 Argentina Commerce Cloud Market by Enterprise Size
10.5.6.2.3 Argentina Commerce Cloud Market by Application
10.5.6.3 Guatemala Commerce Cloud Market
10.5.6.3.1 Guatemala Commerce Cloud Market by Component
10.5.6.3.2 Guatemala Commerce Cloud Market by Enterprise Size
10.5.6.3.3 Guatemala Commerce Cloud Market by Application
10.5.6.4 Rest of South and Central America Commerce Cloud Market
10.5.6.4.1 Rest of South and Central America Commerce Cloud Market by Component
10.5.6.4.2 Rest of South and Central America Commerce Cloud Market by Enterprise Size
10.5.6.4.3 Rest of South and Central America Commerce Cloud 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. COMMERCE CLOUD MARKET, KEY COMPANY PROFILES
12.1. CONGA
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. COMMERCETOOLS GMBH
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. DIGITAL RIVER, INC.
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. IBM
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. KIBO COMMERCE
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. ADOBE
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. ORACLE
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. SALESFORCE.COM, INC.
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. SAP SE
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. SHOPIFY
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
1. Conga
2. commercetools GmbH
3. Digital River, Inc.
4. IBM
5. Kibo Commerce
6. Adobe
7. Oracle
8. Salesforce.com, inc.
9. SAP SE
10. Shopify
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