Computer-aided Facility Management (CAFM) Market Size 2031
The Computer-aided Facility Management (CAFM) Market is expected to register a CAGR of 7.4% 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 (Solution, Services); Deployment (Cloud, On-Premise); Industry (Manufacturing, Retail, Education, Government, Healthcare, 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 Computer-aided Facility Management (CAFM) 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.
Computer-aided Facility Management (CAFM) Market Segmentation
Component- Solution
- Services
- Cloud
- On-Premise
- Manufacturing
- Retail
- Education
- Government
- Healthcare
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Computer-aided Facility Management (CAFM) Market Growth Drivers- Rising Demand for Operational Efficiency and Cost Optimization: These solutions of CAFM are used to automate routine maintenance schedules, asset tracking, and space management for organizations. This enables the companies to significantly improve their operational efficiency, reduce human error in workflow management, and also save costs.
- Growing Need for Real-Time Data and Analytics: The CAFM systems collect and store enormous amounts of real-time data that relate to asset performance, energy usage, space utilization, and employee activities. Advanced analytics and reporting allow organizations to make actionable insights that will lead to making proper decisions and optimizing resource utilization for improved facility performance.
- Integration of Internet of Things (IoT) for Real-Time Facility Monitoring: The integration of Internet of Things (IoT) devices with CAFM systems will allow facility managers to monitor assets and equipment in real-time, improving operational efficiency and reducing downtime. IoT sensors can track everything from energy usage to HVAC performance and occupancy levels. In the future, CAFM systems will incorporate data from these connected devices to enable predictive maintenance, optimize energy consumption, and enhance space utilization. This trend will support more data-driven decision-making, allowing facilities to be managed proactively rather than reactively.
- Use of Artificial Intelligence (AI) for Predictive Analytics and Automation: AI and machine learning are expected to play a critical role in the future of CAFM systems, offering advanced predictive analytics and automation capabilities. AI will analyze historical data and usage patterns to forecast potential issues before they occur, such as equipment failures or space underutilization. This proactive approach will help facility managers make informed decisions regarding maintenance schedules, energy efficiency initiatives, and space planning. Additionally, AI-powered automation will streamline administrative tasks, such as managing service requests or controlling lighting and HVAC systems, leading to more efficient operations and cost savings.
- Increased Adoption of IoT for Smart Building Management: The rise of Internet of Things (IoT) technologies presents a significant opportunity for the Computer-Aided Facility Management (CAFM) market. IoT-enabled sensors can provide real-time data on asset performance, energy consumption, and environmental conditions. Integrating this data into CAFM systems allows facility managers to optimize maintenance schedules, improve energy efficiency, and enhance the overall management of buildings, driving demand for advanced CAFM solutions.
- Growing Demand for Sustainability and Energy Efficiency: As organizations focus on sustainability and energy efficiency, the need for CAFM systems that monitor and reduce resource consumption is increasing. CAFM tools can help track energy usage, water consumption, and waste management, providing actionable insights for improving environmental performance. With rising regulations and corporate responsibility toward sustainability, CAFM systems will play a crucial role in enabling businesses to meet their environmental goals.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Computer-aided Facility Management (CAFM) 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 Computer-aided Facility Management (CAFM) 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.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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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
Advancements in IoT and Smart Building Technologies is anticipated to play a significant role in the global Computer-aided Facility Management (CAFM) market in the coming years.
The major factors driving the Computer-aided Facility Management (CAFM) market are Rising Demand for Operational Efficiency and Growing Need for Real-Time Data and Analytics.
The Computer-aided Facility Management (CAFM) Market is estimated to witness a CAGR of 7.4% 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 Computer-aided Facility Management (CAFM) Market - By Component
1.3.2 Computer-aided Facility Management (CAFM) Market - By Deployment
1.3.3 Computer-aided Facility Management (CAFM) Market - By Industry
1.3.4 Computer-aided Facility Management (CAFM) Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) 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. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) 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. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) MARKET - GLOBAL MARKET ANALYSIS
6.1. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) - GLOBAL MARKET OVERVIEW
6.2. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISE
8.4.1. Overview
8.4.2. On-Premise Market Forecast and Analysis
9. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY
9.1. OVERVIEW
9.2. INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. MANUFACTURING
9.3.1. Overview
9.3.2. Manufacturing Market Forecast and Analysis
9.4. RETAIL
9.4.1. Overview
9.4.2. Retail Market Forecast and Analysis
9.5. EDUCATION
9.5.1. Overview
9.5.2. Education Market Forecast and Analysis
9.6. GOVERNMENT
9.6.1. Overview
9.6.2. Government Market Forecast and Analysis
9.7. HEALTHCARE
9.7.1. Overview
9.7.2. Healthcare Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Computer-aided Facility Management (CAFM) Market Overview
10.1.2 North America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis
10.1.3 North America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Component
10.1.4 North America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Deployment
10.1.5 North America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Industry
10.1.6 North America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Countries
10.1.6.1 United States Computer-aided Facility Management (CAFM) Market
10.1.6.1.1 United States Computer-aided Facility Management (CAFM) Market by Component
10.1.6.1.2 United States Computer-aided Facility Management (CAFM) Market by Deployment
10.1.6.1.3 United States Computer-aided Facility Management (CAFM) Market by Industry
10.1.6.2 Canada Computer-aided Facility Management (CAFM) Market
10.1.6.2.1 Canada Computer-aided Facility Management (CAFM) Market by Component
10.1.6.2.2 Canada Computer-aided Facility Management (CAFM) Market by Deployment
10.1.6.2.3 Canada Computer-aided Facility Management (CAFM) Market by Industry
10.1.6.3 Mexico Computer-aided Facility Management (CAFM) Market
10.1.6.3.1 Mexico Computer-aided Facility Management (CAFM) Market by Component
10.1.6.3.2 Mexico Computer-aided Facility Management (CAFM) Market by Deployment
10.1.6.3.3 Mexico Computer-aided Facility Management (CAFM) Market by Industry
10.2. EUROPE
10.2.1 Europe Computer-aided Facility Management (CAFM) Market Overview
10.2.2 Europe Computer-aided Facility Management (CAFM) Market Forecasts and Analysis
10.2.3 Europe Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Component
10.2.4 Europe Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Deployment
10.2.5 Europe Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Industry
10.2.6 Europe Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Computer-aided Facility Management (CAFM) Market
10.2.6.1.1 Germany Computer-aided Facility Management (CAFM) Market by Component
10.2.6.1.2 Germany Computer-aided Facility Management (CAFM) Market by Deployment
10.2.6.1.3 Germany Computer-aided Facility Management (CAFM) Market by Industry
10.2.6.2 France Computer-aided Facility Management (CAFM) Market
10.2.6.2.1 France Computer-aided Facility Management (CAFM) Market by Component
10.2.6.2.2 France Computer-aided Facility Management (CAFM) Market by Deployment
10.2.6.2.3 France Computer-aided Facility Management (CAFM) Market by Industry
10.2.6.3 Italy Computer-aided Facility Management (CAFM) Market
10.2.6.3.1 Italy Computer-aided Facility Management (CAFM) Market by Component
10.2.6.3.2 Italy Computer-aided Facility Management (CAFM) Market by Deployment
10.2.6.3.3 Italy Computer-aided Facility Management (CAFM) Market by Industry
10.2.6.4 United Kingdom Computer-aided Facility Management (CAFM) Market
10.2.6.4.1 United Kingdom Computer-aided Facility Management (CAFM) Market by Component
10.2.6.4.2 United Kingdom Computer-aided Facility Management (CAFM) Market by Deployment
10.2.6.4.3 United Kingdom Computer-aided Facility Management (CAFM) Market by Industry
10.2.6.5 Russia Computer-aided Facility Management (CAFM) Market
10.2.6.5.1 Russia Computer-aided Facility Management (CAFM) Market by Component
10.2.6.5.2 Russia Computer-aided Facility Management (CAFM) Market by Deployment
10.2.6.5.3 Russia Computer-aided Facility Management (CAFM) Market by Industry
10.2.6.6 Rest of Europe Computer-aided Facility Management (CAFM) Market
10.2.6.6.1 Rest of Europe Computer-aided Facility Management (CAFM) Market by Component
10.2.6.6.2 Rest of Europe Computer-aided Facility Management (CAFM) Market by Deployment
10.2.6.6.3 Rest of Europe Computer-aided Facility Management (CAFM) Market by Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Computer-aided Facility Management (CAFM) Market Overview
10.3.2 Asia-Pacific Computer-aided Facility Management (CAFM) Market Forecasts and Analysis
10.3.3 Asia-Pacific Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Deployment
10.3.5 Asia-Pacific Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Industry
10.3.6 Asia-Pacific Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Computer-aided Facility Management (CAFM) Market
10.3.6.1.1 Australia Computer-aided Facility Management (CAFM) Market by Component
10.3.6.1.2 Australia Computer-aided Facility Management (CAFM) Market by Deployment
10.3.6.1.3 Australia Computer-aided Facility Management (CAFM) Market by Industry
10.3.6.2 China Computer-aided Facility Management (CAFM) Market
10.3.6.2.1 China Computer-aided Facility Management (CAFM) Market by Component
10.3.6.2.2 China Computer-aided Facility Management (CAFM) Market by Deployment
10.3.6.2.3 China Computer-aided Facility Management (CAFM) Market by Industry
10.3.6.3 India Computer-aided Facility Management (CAFM) Market
10.3.6.3.1 India Computer-aided Facility Management (CAFM) Market by Component
10.3.6.3.2 India Computer-aided Facility Management (CAFM) Market by Deployment
10.3.6.3.3 India Computer-aided Facility Management (CAFM) Market by Industry
10.3.6.4 Japan Computer-aided Facility Management (CAFM) Market
10.3.6.4.1 Japan Computer-aided Facility Management (CAFM) Market by Component
10.3.6.4.2 Japan Computer-aided Facility Management (CAFM) Market by Deployment
10.3.6.4.3 Japan Computer-aided Facility Management (CAFM) Market by Industry
10.3.6.5 South Korea Computer-aided Facility Management (CAFM) Market
10.3.6.5.1 South Korea Computer-aided Facility Management (CAFM) Market by Component
10.3.6.5.2 South Korea Computer-aided Facility Management (CAFM) Market by Deployment
10.3.6.5.3 South Korea Computer-aided Facility Management (CAFM) Market by Industry
10.3.6.6 Rest of Asia-Pacific Computer-aided Facility Management (CAFM) Market
10.3.6.6.1 Rest of Asia-Pacific Computer-aided Facility Management (CAFM) Market by Component
10.3.6.6.2 Rest of Asia-Pacific Computer-aided Facility Management (CAFM) Market by Deployment
10.3.6.6.3 Rest of Asia-Pacific Computer-aided Facility Management (CAFM) Market by Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Computer-aided Facility Management (CAFM) Market Overview
10.4.2 Middle East and Africa Computer-aided Facility Management (CAFM) Market Forecasts and Analysis
10.4.3 Middle East and Africa Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Deployment
10.4.5 Middle East and Africa Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Industry
10.4.6 Middle East and Africa Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Computer-aided Facility Management (CAFM) Market
10.4.6.1.1 South Africa Computer-aided Facility Management (CAFM) Market by Component
10.4.6.1.2 South Africa Computer-aided Facility Management (CAFM) Market by Deployment
10.4.6.1.3 South Africa Computer-aided Facility Management (CAFM) Market by Industry
10.4.6.2 Saudi Arabia Computer-aided Facility Management (CAFM) Market
10.4.6.2.1 Saudi Arabia Computer-aided Facility Management (CAFM) Market by Component
10.4.6.2.2 Saudi Arabia Computer-aided Facility Management (CAFM) Market by Deployment
10.4.6.2.3 Saudi Arabia Computer-aided Facility Management (CAFM) Market by Industry
10.4.6.3 Rest of Middle East and Africa Computer-aided Facility Management (CAFM) Market
10.4.6.3.1 Rest of Middle East and Africa Computer-aided Facility Management (CAFM) Market by Component
10.4.6.3.2 Rest of Middle East and Africa Computer-aided Facility Management (CAFM) Market by Deployment
10.4.6.3.3 Rest of Middle East and Africa Computer-aided Facility Management (CAFM) Market by Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Computer-aided Facility Management (CAFM) Market Overview
10.5.2 South and Central America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis
10.5.3 South and Central America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Component
10.5.4 South and Central America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Deployment
10.5.5 South and Central America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Industry
10.5.6 South and Central America Computer-aided Facility Management (CAFM) Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Computer-aided Facility Management (CAFM) Market
10.5.6.1.1 Brazil Computer-aided Facility Management (CAFM) Market by Component
10.5.6.1.2 Brazil Computer-aided Facility Management (CAFM) Market by Deployment
10.5.6.1.3 Brazil Computer-aided Facility Management (CAFM) Market by Industry
10.5.6.2 Argentina Computer-aided Facility Management (CAFM) Market
10.5.6.2.1 Argentina Computer-aided Facility Management (CAFM) Market by Component
10.5.6.2.2 Argentina Computer-aided Facility Management (CAFM) Market by Deployment
10.5.6.2.3 Argentina Computer-aided Facility Management (CAFM) Market by Industry
10.5.6.3 Rest of South and Central America Computer-aided Facility Management (CAFM) Market
10.5.6.3.1 Rest of South and Central America Computer-aided Facility Management (CAFM) Market by Component
10.5.6.3.2 Rest of South and Central America Computer-aided Facility Management (CAFM) Market by Deployment
10.5.6.3.3 Rest of South and Central America Computer-aided Facility Management (CAFM) Market by Industry
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. COMPUTER-AIDED FACILITY MANAGEMENT (CAFM) MARKET, KEY COMPANY PROFILES
12.1. IBM CORP.
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. DUDE SOLUTIONS 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. FOCUS SOFTNET PVT LTD
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. PLANON
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. FMX
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. COMPARESOFT 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. SCIENCESOFT USA CORPORATION.
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. EFACILITY
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. ULTIMO SOFTWARE SOLUTIONS LTD
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. VLOGIC SYSTEMS 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
1.IBM Corp.
2.Dude Solutions Inc.
3.Focus Softnet Pvt Ltd
4.Planon
5.FMX
6.Comparesoft Ltd.
7.ScienceSoft USA Corporation.
8.eFACiLiTY
9.Ultimo Software Solutions Ltd
10.VLogic Systems 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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