Connected Field Service Solution Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Connected Field Service solutions use IoT connected devices to detect, troubleshoot and fix the issues and then analyze the data in real time to create predictive maintenance capabilities (all without human intervention).
This enables customers to view problems before they exist and allows them to be resolved remotely, only sending field technicians if needed. The intelligent analysis of sensor data eventually leads to preventive maintenance, comparative better understanding of customer needs and increased efficiency, thus ultimately resulting in lowering the costs and improving customer and employee satisfaction.
MARKET DYNAMICS
Field service operations evolve as technology is seen advancing. With 75 billion devices expected to get connected to IoT by 2031, legacy systems are likely paving the way to connected field service solutions that are built with the advanced technology at the core itself. Connected Field Service built with IoT, predictive analytics, and digital twins is all set to redefine business models and customer experience, touch points within field service. One can enable proactive alerts and decrease downtime, remotely monitor devices and take decisions on the issues faster, and dispatch technicians only when required and thus minimize maintenance costs.
MARKET SCOPE
The "Global Connected Field Service Solution Market to 2031" is a specialized and in-depth study of the connected field service solution market with a special focus on the global market trend analysis. The report aims to provide an overview of connected field service solution market with detailed market segmentation by solution, application, end user and geography. The global connected field service solution market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading connected field service solution market players and offers key trends and opportunities in the connected field service solution market.
MARKET SEGMENTATION
The global connected field service solution market is segmented on the basis of development type, organization size and verticals. On the basis of development type, the market is segmented as cloud and on Premises. On the basis of organization size, the market is segmented as large enterprise and small and medium sized enterprise and others. On the basis of verticals, the market is segmented as telecom, IT and ITeS, healthcare and life science, manufacturing, construction and real estate, transportation and real estate, transportation and logistics, energy and utilities, oil and gas, BFSI and retail.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global connected field service solution market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The connected field service solution market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting connected field service solution market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the connected field service solution market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global connected field service solution market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The connected field service solution market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting connected field service solution market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the connected field service solution market in these regions.
MARKET PLAYERS
The reports cover key developments in the connected field service solution market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from connected field service solution market are anticipated to lucrative growth opportunities in the future with the rising demand for connected field service solution market. Below mentioned is the list of few companies engaged in the connected field service solution market.
The report also includes the profiles of key connected field service solution market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Accruent
- Comarch SA
- FieldAware
- FIELDEDGE
- FieldEZ, Mobile Field Force Management
- GEOCONCEPT SAS
- IFS
- Infor
- Jobber
- Microsoft
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Connected Field Service Solution Market - By Development Type
1.3.2 Connected Field Service Solution Market - By Organization Size
1.3.3 Connected Field Service Solution Market - By Verticals
1.3.4 Connected Field Service Solution Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONNECTED FIELD SERVICE SOLUTION 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. CONNECTED FIELD SERVICE SOLUTION 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. CONNECTED FIELD SERVICE SOLUTION MARKET - GLOBAL MARKET ANALYSIS
6.1. CONNECTED FIELD SERVICE SOLUTION - GLOBAL MARKET OVERVIEW
6.2. CONNECTED FIELD SERVICE SOLUTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONNECTED FIELD SERVICE SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - DEVELOPMENT TYPE
7.1. OVERVIEW
7.2. DEVELOPMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CLOUD
7.3.1. Overview
7.3.2. Cloud Market Forecast and Analysis
7.4. ON PREMISES
7.4.1. Overview
7.4.2. On Premises Market Forecast and Analysis
8. CONNECTED FIELD SERVICE SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1. OVERVIEW
8.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3. LARGE ENTERPRISE
8.3.1. Overview
8.3.2. Large Enterprise Market Forecast and Analysis
8.4. SMALL AND MEDIUM SIZED ENTERPRISE
8.4.1. Overview
8.4.2. Small and Medium Sized Enterprise Market Forecast and Analysis
9. CONNECTED FIELD SERVICE SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - VERTICALS
9.1. OVERVIEW
9.2. VERTICALS MARKET FORECASTS AND ANALYSIS
9.3. TELECOM
9.3.1. Overview
9.3.2. Telecom Market Forecast and Analysis
9.4. IT AND ITES
9.4.1. Overview
9.4.2. IT and ITeS Market Forecast and Analysis
9.5. HEALTHCARE AND LIFE SCIENCE
9.5.1. Overview
9.5.2. Healthcare and Life Science Market Forecast and Analysis
9.6. MANUFACTURING
9.6.1. Overview
9.6.2. Manufacturing Market Forecast and Analysis
9.7. CONSTRUCTION AND REAL ESTATE
9.7.1. Overview
9.7.2. Construction and Real Estate Market Forecast and Analysis
9.8. TRANSPORTATION AND REAL ESTATE
9.8.1. Overview
9.8.2. Transportation and Real Estate Market Forecast and Analysis
9.9. TRANSPORTATION AND LOGISTICS
9.9.1. Overview
9.9.2. Transportation and Logistics Market Forecast and Analysis
9.10. ENERGY AND UTILITIES
9.10.1. Overview
9.10.2. Energy and Utilities Market Forecast and Analysis
9.11. OIL AND GAS
9.11.1. Overview
9.11.2. Oil and Gas Market Forecast and Analysis
9.12. BFSI
9.12.1. Overview
9.12.2. BFSI Market Forecast and Analysis
9.13. RETAIL
9.13.1. Overview
9.13.2. Retail Market Forecast and Analysis
10. CONNECTED FIELD SERVICE SOLUTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Connected Field Service Solution Market Overview
10.1.2 North America Connected Field Service Solution Market Forecasts and Analysis
10.1.3 North America Connected Field Service Solution Market Forecasts and Analysis - By Development Type
10.1.4 North America Connected Field Service Solution Market Forecasts and Analysis - By Organization Size
10.1.5 North America Connected Field Service Solution Market Forecasts and Analysis - By Verticals
10.1.6 North America Connected Field Service Solution Market Forecasts and Analysis - By Countries
10.1.6.1 United States Connected Field Service Solution Market
10.1.6.1.1 United States Connected Field Service Solution Market by Development Type
10.1.6.1.2 United States Connected Field Service Solution Market by Organization Size
10.1.6.1.3 United States Connected Field Service Solution Market by Verticals
10.1.6.2 Canada Connected Field Service Solution Market
10.1.6.2.1 Canada Connected Field Service Solution Market by Development Type
10.1.6.2.2 Canada Connected Field Service Solution Market by Organization Size
10.1.6.2.3 Canada Connected Field Service Solution Market by Verticals
10.1.6.3 Mexico Connected Field Service Solution Market
10.1.6.3.1 Mexico Connected Field Service Solution Market by Development Type
10.1.6.3.2 Mexico Connected Field Service Solution Market by Organization Size
10.1.6.3.3 Mexico Connected Field Service Solution Market by Verticals
10.2. EUROPE
10.2.1 Europe Connected Field Service Solution Market Overview
10.2.2 Europe Connected Field Service Solution Market Forecasts and Analysis
10.2.3 Europe Connected Field Service Solution Market Forecasts and Analysis - By Development Type
10.2.4 Europe Connected Field Service Solution Market Forecasts and Analysis - By Organization Size
10.2.5 Europe Connected Field Service Solution Market Forecasts and Analysis - By Verticals
10.2.6 Europe Connected Field Service Solution Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Connected Field Service Solution Market
10.2.6.1.1 Germany Connected Field Service Solution Market by Development Type
10.2.6.1.2 Germany Connected Field Service Solution Market by Organization Size
10.2.6.1.3 Germany Connected Field Service Solution Market by Verticals
10.2.6.2 France Connected Field Service Solution Market
10.2.6.2.1 France Connected Field Service Solution Market by Development Type
10.2.6.2.2 France Connected Field Service Solution Market by Organization Size
10.2.6.2.3 France Connected Field Service Solution Market by Verticals
10.2.6.3 Italy Connected Field Service Solution Market
10.2.6.3.1 Italy Connected Field Service Solution Market by Development Type
10.2.6.3.2 Italy Connected Field Service Solution Market by Organization Size
10.2.6.3.3 Italy Connected Field Service Solution Market by Verticals
10.2.6.4 United Kingdom Connected Field Service Solution Market
10.2.6.4.1 United Kingdom Connected Field Service Solution Market by Development Type
10.2.6.4.2 United Kingdom Connected Field Service Solution Market by Organization Size
10.2.6.4.3 United Kingdom Connected Field Service Solution Market by Verticals
10.2.6.5 Russia Connected Field Service Solution Market
10.2.6.5.1 Russia Connected Field Service Solution Market by Development Type
10.2.6.5.2 Russia Connected Field Service Solution Market by Organization Size
10.2.6.5.3 Russia Connected Field Service Solution Market by Verticals
10.2.6.6 Rest of Europe Connected Field Service Solution Market
10.2.6.6.1 Rest of Europe Connected Field Service Solution Market by Development Type
10.2.6.6.2 Rest of Europe Connected Field Service Solution Market by Organization Size
10.2.6.6.3 Rest of Europe Connected Field Service Solution Market by Verticals
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Connected Field Service Solution Market Overview
10.3.2 Asia-Pacific Connected Field Service Solution Market Forecasts and Analysis
10.3.3 Asia-Pacific Connected Field Service Solution Market Forecasts and Analysis - By Development Type
10.3.4 Asia-Pacific Connected Field Service Solution Market Forecasts and Analysis - By Organization Size
10.3.5 Asia-Pacific Connected Field Service Solution Market Forecasts and Analysis - By Verticals
10.3.6 Asia-Pacific Connected Field Service Solution Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Connected Field Service Solution Market
10.3.6.1.1 Australia Connected Field Service Solution Market by Development Type
10.3.6.1.2 Australia Connected Field Service Solution Market by Organization Size
10.3.6.1.3 Australia Connected Field Service Solution Market by Verticals
10.3.6.2 China Connected Field Service Solution Market
10.3.6.2.1 China Connected Field Service Solution Market by Development Type
10.3.6.2.2 China Connected Field Service Solution Market by Organization Size
10.3.6.2.3 China Connected Field Service Solution Market by Verticals
10.3.6.3 India Connected Field Service Solution Market
10.3.6.3.1 India Connected Field Service Solution Market by Development Type
10.3.6.3.2 India Connected Field Service Solution Market by Organization Size
10.3.6.3.3 India Connected Field Service Solution Market by Verticals
10.3.6.4 Japan Connected Field Service Solution Market
10.3.6.4.1 Japan Connected Field Service Solution Market by Development Type
10.3.6.4.2 Japan Connected Field Service Solution Market by Organization Size
10.3.6.4.3 Japan Connected Field Service Solution Market by Verticals
10.3.6.5 South Korea Connected Field Service Solution Market
10.3.6.5.1 South Korea Connected Field Service Solution Market by Development Type
10.3.6.5.2 South Korea Connected Field Service Solution Market by Organization Size
10.3.6.5.3 South Korea Connected Field Service Solution Market by Verticals
10.3.6.6 Rest of Asia-Pacific Connected Field Service Solution Market
10.3.6.6.1 Rest of Asia-Pacific Connected Field Service Solution Market by Development Type
10.3.6.6.2 Rest of Asia-Pacific Connected Field Service Solution Market by Organization Size
10.3.6.6.3 Rest of Asia-Pacific Connected Field Service Solution Market by Verticals
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Connected Field Service Solution Market Overview
10.4.2 Middle East and Africa Connected Field Service Solution Market Forecasts and Analysis
10.4.3 Middle East and Africa Connected Field Service Solution Market Forecasts and Analysis - By Development Type
10.4.4 Middle East and Africa Connected Field Service Solution Market Forecasts and Analysis - By Organization Size
10.4.5 Middle East and Africa Connected Field Service Solution Market Forecasts and Analysis - By Verticals
10.4.6 Middle East and Africa Connected Field Service Solution Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Connected Field Service Solution Market
10.4.6.1.1 South Africa Connected Field Service Solution Market by Development Type
10.4.6.1.2 South Africa Connected Field Service Solution Market by Organization Size
10.4.6.1.3 South Africa Connected Field Service Solution Market by Verticals
10.4.6.2 Saudi Arabia Connected Field Service Solution Market
10.4.6.2.1 Saudi Arabia Connected Field Service Solution Market by Development Type
10.4.6.2.2 Saudi Arabia Connected Field Service Solution Market by Organization Size
10.4.6.2.3 Saudi Arabia Connected Field Service Solution Market by Verticals
10.4.6.3 U.A.E Connected Field Service Solution Market
10.4.6.3.1 U.A.E Connected Field Service Solution Market by Development Type
10.4.6.3.2 U.A.E Connected Field Service Solution Market by Organization Size
10.4.6.3.3 U.A.E Connected Field Service Solution Market by Verticals
10.4.6.4 Rest of Middle East and Africa Connected Field Service Solution Market
10.4.6.4.1 Rest of Middle East and Africa Connected Field Service Solution Market by Development Type
10.4.6.4.2 Rest of Middle East and Africa Connected Field Service Solution Market by Organization Size
10.4.6.4.3 Rest of Middle East and Africa Connected Field Service Solution Market by Verticals
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Connected Field Service Solution Market Overview
10.5.2 South and Central America Connected Field Service Solution Market Forecasts and Analysis
10.5.3 South and Central America Connected Field Service Solution Market Forecasts and Analysis - By Development Type
10.5.4 South and Central America Connected Field Service Solution Market Forecasts and Analysis - By Organization Size
10.5.5 South and Central America Connected Field Service Solution Market Forecasts and Analysis - By Verticals
10.5.6 South and Central America Connected Field Service Solution Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Connected Field Service Solution Market
10.5.6.1.1 Brazil Connected Field Service Solution Market by Development Type
10.5.6.1.2 Brazil Connected Field Service Solution Market by Organization Size
10.5.6.1.3 Brazil Connected Field Service Solution Market by Verticals
10.5.6.2 Argentina Connected Field Service Solution Market
10.5.6.2.1 Argentina Connected Field Service Solution Market by Development Type
10.5.6.2.2 Argentina Connected Field Service Solution Market by Organization Size
10.5.6.2.3 Argentina Connected Field Service Solution Market by Verticals
10.5.6.3 Rest of South and Central America Connected Field Service Solution Market
10.5.6.3.1 Rest of South and Central America Connected Field Service Solution Market by Development Type
10.5.6.3.2 Rest of South and Central America Connected Field Service Solution Market by Organization Size
10.5.6.3.3 Rest of South and Central America Connected Field Service Solution Market by Verticals
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. CONNECTED FIELD SERVICE SOLUTION MARKET, KEY COMPANY PROFILES
12.1. ACCRUENT
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. COMARCH SA
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. FIELDAWARE
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. FIELDEDGE
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. FIELDEZ, MOBILE FIELD FORCE MANAGEMENT
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. GEOCONCEPT SAS
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. IFS
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. INFOR
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. JOBBER
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. MICROSOFT
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
12.11. ORACLE
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
12.12. OVERIT
12.12.1. Key Facts
12.12.2. Business Description
12.12.3. Products and Services
12.12.4. Financial Overview
12.12.5. SWOT Analysis
12.12.6. Key Developments
12.13. PRAXEDO
12.13.1. Key Facts
12.13.2. Business Description
12.13.3. Products and Services
12.13.4. Financial Overview
12.13.5. SWOT Analysis
12.13.6. Key Developments
12.14. SALESFORCE
12.14.1. Key Facts
12.14.2. Business Description
12.14.3. Products and Services
12.14.4. Financial Overview
12.14.5. SWOT Analysis
12.14.6. Key Developments
12.15. SAP
12.15.1. Key Facts
12.15.2. Business Description
12.15.3. Products and Services
12.15.4. Financial Overview
12.15.5. SWOT Analysis
12.15.6. Key Developments
12.16. SERVICEMAX
12.16.1. Key Facts
12.16.2. Business Description
12.16.3. Products and Services
12.16.4. Financial Overview
12.16.5. SWOT Analysis
12.16.6. Key Developments
12.17. SERVICEPOWER
12.17.1. Key Facts
12.17.2. Business Description
12.17.3. Products and Services
12.17.4. Financial Overview
12.17.5. SWOT Analysis
12.17.6. Key Developments
12.18. SERVICETITAN
12.18.1. Key Facts
12.18.2. Business Description
12.18.3. Products and Services
12.18.4. Financial Overview
12.18.5. SWOT Analysis
12.18.6. Key Developments
12.19. TRIMBLE INC.
12.19.1. Key Facts
12.19.2. Business Description
12.19.3. Products and Services
12.19.4. Financial Overview
12.19.5. SWOT Analysis
12.19.6. Key Developments
12.20. ZINIER INC.
12.20.1. Key Facts
12.20.2. Business Description
12.20.3. Products and Services
12.20.4. Financial Overview
12.20.5. SWOT Analysis
12.20.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Accruent
2. Comarch SA
3. FieldAware
4. FIELDEDGE
5. FieldEZ, Mobile Field Force Management
6. GEOCONCEPT SAS
7. IFS
8. Infor
9. Jobber
10. Microsoft
11. Oracle
12. OverIT
13. Praxedo
14. Salesforce
15. SAP
16. SERVICEMAX
17. ServicePower
18. ServiceTitan
19. Trimble Inc.
20.Zinier 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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