Contactless PoS Terminal Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Contactless PoS terminal is a terminal which accept all the contactless payments, comprising payments from the contactless chip cards, mobile NFC devices that are enabled with payment authorization and application. A contactless PoS terminal exists at a point of sale with multiple application kernels supported by the payment network. The application kernels are certified and developed by the vendors who give and offers contactless PoS terminals. These application kernels offer two type of transactions, one is EMVCo standard which involve chip transactions and other is known as MSD transactions. The key market drivers are, technological advancements and rising demand for contactless and cashless transactions.
MARKET DYNAMICS
The key market drivers for contactless PoS terminal market are, rising demand about cashless and contactless transactions, technological advancement in payment acceptance methods as many of firms using digital platforms to accept payments, increase in use of smartphones and other digital media. Moreover, rising need for inventory management is expected to boost market growth during the forecast period. Additionally, the benefits offered by Pos terminal such as cashless payments, hassle free transactions, convenient mode of payments, reduce transaction error are likely to fuel market growth during forecast period. Whereas, high initial installation cost, issues in payments due to slow bank server may restrict market growth during forecast period.
MARKET SCOPE
The "Global Contactless PoS Terminal Market Analysis to 2028" is a specialized and in-depth study of the contactless PoS terminal Market with a special focus on the global market trend analysis. The report aims to provide an overview of contactless PoS terminal market with detailed market segmentation by components, devices, technology and end user. The global contactless PoS terminal market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contactless PoS terminal market player and offers key trends and opportunities in the contactless PoS terminal market.
MARKET SEGMENTATION
The global contactless PoS terminal market is segmented on the basis of components, devices, technology and end user. On the basis of components the market is segmented as, software and hardware. On the basis of devices the market is segmented as, portable Pos terminal, fixed Pos terminal. On the basis of technology the market is segmented as, mobile NFC, smart card, biometric, others. And on the basis of end user the market is bifurcated as, retail, BFSI, education and IT, energy and utility, defense, healthcare, hospitality.
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 contactless PoS terminal market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contactless PoS terminal 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 analyzes factors affecting contactless PoS terminal 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 contactless PoS terminal 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 contactless PoS terminal market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contactless PoS terminal 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 analyzes factors affecting contactless PoS terminal 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 contactless PoS terminal market in these regions.
MARKET PLAYERS
The reports cover key developments in the contactless PoS terminal market 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 contactless PoS terminal market are anticipated to lucrative growth opportunities in the future with the rising demand for contactless PoS terminal market. Below mentioned is the list of few companies engaged in the contactless PoS terminal market.
The report also includes the profiles of key contactless PoS terminal 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.
- Cegid Group
- NEC Corporation
- MICROS Systems, Inc
- Hewlett Packard Company
- Cisco Systems, Inc
- Samsung Electronics Co. Ltd
- Panasonic Corporation
- Ingenico S.A
- Verifone Systems Inc
- Toshiba Corporation
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 Contactless PoS Terminal Market - By Component
1.3.2 Contactless PoS Terminal Market - By Devices
1.3.3 Contactless PoS Terminal Market - By Technology
1.3.4 Contactless PoS Terminal Market - By End User
1.3.5 Contactless PoS Terminal Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONTACTLESS POS TERMINAL 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. CONTACTLESS POS TERMINAL 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. CONTACTLESS POS TERMINAL MARKET - GLOBAL MARKET ANALYSIS
6.1. CONTACTLESS POS TERMINAL - GLOBAL MARKET OVERVIEW
6.2. CONTACTLESS POS TERMINAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONTACTLESS POS TERMINAL MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
8. CONTACTLESS POS TERMINAL MARKET - REVENUE AND FORECASTS TO 2028 - DEVICES
8.1. OVERVIEW
8.2. DEVICES MARKET FORECASTS AND ANALYSIS
8.3. PORTABLE POS TERMINAL
8.3.1. Overview
8.3.2. Portable PoS Terminal Market Forecast and Analysis
8.4. FIXED POS TERMINAL
8.4.1. Overview
8.4.2. Fixed PoS Terminal Market Forecast and Analysis
9. CONTACTLESS POS TERMINAL MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. MOBILE NFC
9.3.1. Overview
9.3.2. Mobile NFC Market Forecast and Analysis
9.4. SMART-CARD
9.4.1. Overview
9.4.2. Smart-Card Market Forecast and Analysis
9.5. BIOMETRIC
9.5.1. Overview
9.5.2. Biometric Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. others Market Forecast and Analysis
10. CONTACTLESS POS TERMINAL MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. RETAIL
10.3.1. Overview
10.3.2. Retail Market Forecast and Analysis
10.4. BFSI
10.4.1. Overview
10.4.2. BFSI Market Forecast and Analysis
10.5. EDUCATION AND IT
10.5.1. Overview
10.5.2. Education and IT Market Forecast and Analysis
10.6. TRANSPORTATION AND LOGISTICS
10.6.1. Overview
10.6.2. Transportation and Logistics Market Forecast and Analysis
10.7. ENERGY AND UTILITY
10.7.1. Overview
10.7.2. Energy and Utility Market Forecast and Analysis
10.8. GOVERNMENT
10.8.1. Overview
10.8.2. Government Market Forecast and Analysis
10.9. DEFENSE
10.9.1. Overview
10.9.2. Defense Market Forecast and Analysis
10.10. HEALTHCARE
10.10.1. Overview
10.10.2. Healthcare Market Forecast and Analysis
10.11. HOSPITALITY
10.11.1. Overview
10.11.2. Hospitality Market Forecast and Analysis
11. CONTACTLESS POS TERMINAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Contactless PoS Terminal Market Overview
11.1.2 North America Contactless PoS Terminal Market Forecasts and Analysis
11.1.3 North America Contactless PoS Terminal Market Forecasts and Analysis - By Component
11.1.4 North America Contactless PoS Terminal Market Forecasts and Analysis - By Devices
11.1.5 North America Contactless PoS Terminal Market Forecasts and Analysis - By Technology
11.1.6 North America Contactless PoS Terminal Market Forecasts and Analysis - By End User
11.1.7 North America Contactless PoS Terminal Market Forecasts and Analysis - By Countries
11.1.7.1 United States Contactless PoS Terminal Market
11.1.7.1.1 United States Contactless PoS Terminal Market by Component
11.1.7.1.2 United States Contactless PoS Terminal Market by Devices
11.1.7.1.3 United States Contactless PoS Terminal Market by Technology
11.1.7.1.4 United States Contactless PoS Terminal Market by End User
11.1.7.2 Canada Contactless PoS Terminal Market
11.1.7.2.1 Canada Contactless PoS Terminal Market by Component
11.1.7.2.2 Canada Contactless PoS Terminal Market by Devices
11.1.7.2.3 Canada Contactless PoS Terminal Market by Technology
11.1.7.2.4 Canada Contactless PoS Terminal Market by End User
11.1.7.3 Mexico Contactless PoS Terminal Market
11.1.7.3.1 Mexico Contactless PoS Terminal Market by Component
11.1.7.3.2 Mexico Contactless PoS Terminal Market by Devices
11.1.7.3.3 Mexico Contactless PoS Terminal Market by Technology
11.1.7.3.4 Mexico Contactless PoS Terminal Market by End User
11.2. EUROPE
11.2.1 Europe Contactless PoS Terminal Market Overview
11.2.2 Europe Contactless PoS Terminal Market Forecasts and Analysis
11.2.3 Europe Contactless PoS Terminal Market Forecasts and Analysis - By Component
11.2.4 Europe Contactless PoS Terminal Market Forecasts and Analysis - By Devices
11.2.5 Europe Contactless PoS Terminal Market Forecasts and Analysis - By Technology
11.2.6 Europe Contactless PoS Terminal Market Forecasts and Analysis - By End User
11.2.7 Europe Contactless PoS Terminal Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Contactless PoS Terminal Market
11.2.7.1.1 Germany Contactless PoS Terminal Market by Component
11.2.7.1.2 Germany Contactless PoS Terminal Market by Devices
11.2.7.1.3 Germany Contactless PoS Terminal Market by Technology
11.2.7.1.4 Germany Contactless PoS Terminal Market by End User
11.2.7.2 France Contactless PoS Terminal Market
11.2.7.2.1 France Contactless PoS Terminal Market by Component
11.2.7.2.2 France Contactless PoS Terminal Market by Devices
11.2.7.2.3 France Contactless PoS Terminal Market by Technology
11.2.7.2.4 France Contactless PoS Terminal Market by End User
11.2.7.3 Italy Contactless PoS Terminal Market
11.2.7.3.1 Italy Contactless PoS Terminal Market by Component
11.2.7.3.2 Italy Contactless PoS Terminal Market by Devices
11.2.7.3.3 Italy Contactless PoS Terminal Market by Technology
11.2.7.3.4 Italy Contactless PoS Terminal Market by End User
11.2.7.4 United Kingdom Contactless PoS Terminal Market
11.2.7.4.1 United Kingdom Contactless PoS Terminal Market by Component
11.2.7.4.2 United Kingdom Contactless PoS Terminal Market by Devices
11.2.7.4.3 United Kingdom Contactless PoS Terminal Market by Technology
11.2.7.4.4 United Kingdom Contactless PoS Terminal Market by End User
11.2.7.5 Russia Contactless PoS Terminal Market
11.2.7.5.1 Russia Contactless PoS Terminal Market by Component
11.2.7.5.2 Russia Contactless PoS Terminal Market by Devices
11.2.7.5.3 Russia Contactless PoS Terminal Market by Technology
11.2.7.5.4 Russia Contactless PoS Terminal Market by End User
11.2.7.6 Rest of Europe Contactless PoS Terminal Market
11.2.7.6.1 Rest of Europe Contactless PoS Terminal Market by Component
11.2.7.6.2 Rest of Europe Contactless PoS Terminal Market by Devices
11.2.7.6.3 Rest of Europe Contactless PoS Terminal Market by Technology
11.2.7.6.4 Rest of Europe Contactless PoS Terminal Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Contactless PoS Terminal Market Overview
11.3.2 Asia-Pacific Contactless PoS Terminal Market Forecasts and Analysis
11.3.3 Asia-Pacific Contactless PoS Terminal Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Contactless PoS Terminal Market Forecasts and Analysis - By Devices
11.3.5 Asia-Pacific Contactless PoS Terminal Market Forecasts and Analysis - By Technology
11.3.6 Asia-Pacific Contactless PoS Terminal Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Contactless PoS Terminal Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Contactless PoS Terminal Market
11.3.7.1.1 Australia Contactless PoS Terminal Market by Component
11.3.7.1.2 Australia Contactless PoS Terminal Market by Devices
11.3.7.1.3 Australia Contactless PoS Terminal Market by Technology
11.3.7.1.4 Australia Contactless PoS Terminal Market by End User
11.3.7.2 China Contactless PoS Terminal Market
11.3.7.2.1 China Contactless PoS Terminal Market by Component
11.3.7.2.2 China Contactless PoS Terminal Market by Devices
11.3.7.2.3 China Contactless PoS Terminal Market by Technology
11.3.7.2.4 China Contactless PoS Terminal Market by End User
11.3.7.3 India Contactless PoS Terminal Market
11.3.7.3.1 India Contactless PoS Terminal Market by Component
11.3.7.3.2 India Contactless PoS Terminal Market by Devices
11.3.7.3.3 India Contactless PoS Terminal Market by Technology
11.3.7.3.4 India Contactless PoS Terminal Market by End User
11.3.7.4 Japan Contactless PoS Terminal Market
11.3.7.4.1 Japan Contactless PoS Terminal Market by Component
11.3.7.4.2 Japan Contactless PoS Terminal Market by Devices
11.3.7.4.3 Japan Contactless PoS Terminal Market by Technology
11.3.7.4.4 Japan Contactless PoS Terminal Market by End User
11.3.7.5 South Korea Contactless PoS Terminal Market
11.3.7.5.1 South Korea Contactless PoS Terminal Market by Component
11.3.7.5.2 South Korea Contactless PoS Terminal Market by Devices
11.3.7.5.3 South Korea Contactless PoS Terminal Market by Technology
11.3.7.5.4 South Korea Contactless PoS Terminal Market by End User
11.3.7.6 Rest of Asia-Pacific Contactless PoS Terminal Market
11.3.7.6.1 Rest of Asia-Pacific Contactless PoS Terminal Market by Component
11.3.7.6.2 Rest of Asia-Pacific Contactless PoS Terminal Market by Devices
11.3.7.6.3 Rest of Asia-Pacific Contactless PoS Terminal Market by Technology
11.3.7.6.4 Rest of Asia-Pacific Contactless PoS Terminal Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Contactless PoS Terminal Market Overview
11.4.2 Middle East and Africa Contactless PoS Terminal Market Forecasts and Analysis
11.4.3 Middle East and Africa Contactless PoS Terminal Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Contactless PoS Terminal Market Forecasts and Analysis - By Devices
11.4.5 Middle East and Africa Contactless PoS Terminal Market Forecasts and Analysis - By Technology
11.4.6 Middle East and Africa Contactless PoS Terminal Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Contactless PoS Terminal Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Contactless PoS Terminal Market
11.4.7.1.1 South Africa Contactless PoS Terminal Market by Component
11.4.7.1.2 South Africa Contactless PoS Terminal Market by Devices
11.4.7.1.3 South Africa Contactless PoS Terminal Market by Technology
11.4.7.1.4 South Africa Contactless PoS Terminal Market by End User
11.4.7.2 Saudi Arabia Contactless PoS Terminal Market
11.4.7.2.1 Saudi Arabia Contactless PoS Terminal Market by Component
11.4.7.2.2 Saudi Arabia Contactless PoS Terminal Market by Devices
11.4.7.2.3 Saudi Arabia Contactless PoS Terminal Market by Technology
11.4.7.2.4 Saudi Arabia Contactless PoS Terminal Market by End User
11.4.7.3 U.A.E Contactless PoS Terminal Market
11.4.7.3.1 U.A.E Contactless PoS Terminal Market by Component
11.4.7.3.2 U.A.E Contactless PoS Terminal Market by Devices
11.4.7.3.3 U.A.E Contactless PoS Terminal Market by Technology
11.4.7.3.4 U.A.E Contactless PoS Terminal Market by End User
11.4.7.4 Rest of Middle East and Africa Contactless PoS Terminal Market
11.4.7.4.1 Rest of Middle East and Africa Contactless PoS Terminal Market by Component
11.4.7.4.2 Rest of Middle East and Africa Contactless PoS Terminal Market by Devices
11.4.7.4.3 Rest of Middle East and Africa Contactless PoS Terminal Market by Technology
11.4.7.4.4 Rest of Middle East and Africa Contactless PoS Terminal Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Contactless PoS Terminal Market Overview
11.5.2 South and Central America Contactless PoS Terminal Market Forecasts and Analysis
11.5.3 South and Central America Contactless PoS Terminal Market Forecasts and Analysis - By Component
11.5.4 South and Central America Contactless PoS Terminal Market Forecasts and Analysis - By Devices
11.5.5 South and Central America Contactless PoS Terminal Market Forecasts and Analysis - By Technology
11.5.6 South and Central America Contactless PoS Terminal Market Forecasts and Analysis - By End User
11.5.7 South and Central America Contactless PoS Terminal Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Contactless PoS Terminal Market
11.5.7.1.1 Brazil Contactless PoS Terminal Market by Component
11.5.7.1.2 Brazil Contactless PoS Terminal Market by Devices
11.5.7.1.3 Brazil Contactless PoS Terminal Market by Technology
11.5.7.1.4 Brazil Contactless PoS Terminal Market by End User
11.5.7.2 Argentina Contactless PoS Terminal Market
11.5.7.2.1 Argentina Contactless PoS Terminal Market by Component
11.5.7.2.2 Argentina Contactless PoS Terminal Market by Devices
11.5.7.2.3 Argentina Contactless PoS Terminal Market by Technology
11.5.7.2.4 Argentina Contactless PoS Terminal Market by End User
11.5.7.3 Rest of South and Central America Contactless PoS Terminal Market
11.5.7.3.1 Rest of South and Central America Contactless PoS Terminal Market by Component
11.5.7.3.2 Rest of South and Central America Contactless PoS Terminal Market by Devices
11.5.7.3.3 Rest of South and Central America Contactless PoS Terminal Market by Technology
11.5.7.3.4 Rest of South and Central America Contactless PoS Terminal Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CONTACTLESS POS TERMINAL MARKET, KEY COMPANY PROFILES
13.1. CEGID GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. NEC CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. MICROS SYSTEMS, INC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HEWLETT PACKARD COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CISCO SYSTEMS, INC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. SAMSUNG ELECTRONICS CO. LTD
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PANASONIC CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. INGENICO S.A
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. VERIFONE SYSTEMS INC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TOSHIBA CORPORATION
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Cegid Group
2. NEC Corporation
3. MICROS Systems, Inc
4. Hewlett Packard Company
5. Cisco Systems, Inc
6. Samsung Electronics Co. Ltd
7. Panasonic Corporation
8. Ingenico S.A
9. Verifone Systems Inc
10. Toshiba Corporation
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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