Digital Logistics Market Trends and Forecast (2021-2031)
The Digital Logistics Market is expected to register a CAGR of 19.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Solution (Asset Management, Warehouse Management, Fleet Management, Data Management and Analytics, Others) and Services), Deployment (On-Premises, Cloud), Enterprise Size (Large Enterprise, Small & Medium Enterprise), Application (Transport Management, Warehouse Management, Labor Management, and Others), End-User Industry (Manufacturing, Retail and Consumer Goods, Healthcare, Energy and Utilities, Automotive, and 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 Report
The report Digital Logistics 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.
Digital Logistics Market Segmentation
Component
- Solution
- Services
Deployment
- On-Premises
- Cloud
Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
Application
- Transport Management
- Warehouse Management
- Labor Management
- Others
Application
- Transport Management
- Warehouse Management
- Labor Management
- Others
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Digital Logistics Market: Strategic Insights
Naveen
Have a question?
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
Digital Logistics Market Growth Drivers
- Technological Advancements: Advancements in technology has been one of the greatest enablers of the digital logistics market. The integration of the Internet of Things, big data analytics, AI, and machine learning is streamlining the logistics industry through increased visibility, better-informed decision-making, and optimized routing. For example, IoT-enabled solutions can track shipments in real-time, providing up-to-date information on a shipment's location and condition in real-time. On the other hand, Artificial Intelligence and Machine Learning algorithms help logistics firms anticipate demand, optimize supply chains, and improve forecasting accuracy, reducing operational costs and increasing efficiency.
- E-Commerce Growth: The tremendous growth in the field of e-commerce is one of the strong drivers for the digital logistics market. As online buying continues on its upward trend, the need for faster and more efficient logistics solutions has likewise increased proportionately. Today's consumer expects faster delivery, real-time tracking, and more transparency than ever. Meeting such expectations from consumers, digital logistic solutions are increasingly being adopted by the e-commerce industry to make order fulfillment faster, optimize last-mile delivery, and minimize lead times. This, in turn, presents logistics companies with an opportunity to avail digital platforms that can manage increased volumes of orders and pull off elaborate logistics processes at greater efficiency.
Digital Logistics Market Future Trends
- Rise of Automation and Robotics: The logistics sector is increasingly embracing automation and robotics with the aspirations of saving labor costs while increasing efficiency and reducing labor shortages. Automated warehouses, where robots take charge of sorting, packaging, and inventory management, are now becoming more common. Additionally, autonomous delivery vehicles, including drones and self-driving trucks, are currently being tested and deployed across various markets. These technologies not only enhance operational efficiency but also mitigate the possibility of human error, enhance safety, and increase throughput. As automation becomes more prevalent, there does exist a significant opportunity for digital logistics companies to introduce these technologies into their services.
- Blockchain for Enhanced Security and Transparency: Blockchain technology is becoming a major trend in digital logistics, particularly for improving supply chain transparency and security. Blockchain provides a decentralized, immutable ledger that ensures the authenticity of goods, tracks products from origin to delivery, and prevents fraud in the supply chain. By implementing blockchain, logistics providers can offer customers secure, real-time tracking and verification of shipments. This technology is helping companies increase trust and transparency in the logistics process, making it an attractive solution for industries such as pharmaceuticals, luxury goods, and food where security and authenticity are crucial.
Digital Logistics Market Opportunities
- Demand for Supply Chain Optimization: Global supply chains are becoming increasingly complex, with numerous touchpoints, international shipments, and variable demand patterns, setting a need for organizations to increasingly adopt digital logistics solutions that enable full visibility and real-time management of their supply chains. In contemporary business operations, tools such as cloud-based software platforms, data analytics, and digital twins—defined as virtual models of supply chains—enable organizations to meticulously track inventory, optimize routes, manage warehouses, and diminish inefficiencies within the logistics process. The escalating demand for more intelligent and interconnected supply chains is generating substantial opportunities for digital logistics providers to deliver comprehensive, data-driven solutions.
- Cost Efficiency and Operational Optimization: Cost efficiency, along with operational optimization. These digital logistics solutions will enable businesses to take their efficiency and performance up a notch while reducing costs. Automating tasks such as inventory management, order processing, and scheduling deliveries reduce significant labor expenses and operational inefficiencies. Moreover, the analytics in this will be able to trace bottlenecks in the supply chain, allowing companies to take informed choices that delay fewer processes and waste fewer resources. As logistics firms face increasing pressure to cut expenses and lift profit margins, the demand for digital solutions that help improve the efficiency of logistics operations would increase sharply.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Digital Logistics 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 Digital Logistics 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.
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
Rise of Automation and Robotics is anticipated to play a significant role in the global digital logistics market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
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 major factors driving the digital logistics market are:
1. Technological Advancements
2. E-Commerce Growth
The Digital Logistics Market is estimated to witness a CAGR of 19.6% from 2023 to 2031
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Digital Logistics Market - By Systems
1.3.2 Digital Logistics Market - By Application
1.3.3 Digital Logistics Market - By End Users
1.3.4 Digital Logistics Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL LOGISTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DIGITAL LOGISTICS 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. DIGITAL LOGISTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL LOGISTICS - GLOBAL MARKET OVERVIEW
6.2. DIGITAL LOGISTICS - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. DIGITAL LOGISTICS MARKET - REVENUE AND FORECASTS TO 2027 - SYSTEMS
7.1. OVERVIEW
7.2. SYSTEMS MARKET FORECASTS AND ANALYSIS
7.3. ELECTRONIC DATA INTERCHANGE
7.3.1. Overview
7.3.2. Electronic Data Interchange Market Forecast and Analysis
7.4. ORDER MANAGEMENT
7.4.1. Overview
7.4.2. Order Management Market Forecast and Analysis
7.5. TRACKING AND MONITORING
7.5.1. Overview
7.5.2. Tracking and Monitoring Market Forecast and Analysis
7.6. DATABASE MANAGEMENT
7.6.1. Overview
7.6.2. Database Management Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. DIGITAL LOGISTICS MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. LABOR MANAGEMENT
8.3.1. Overview
8.3.2. Labor Management Market Forecast and Analysis
8.4. WAREHOUSE MANAGEMENT
8.4.1. Overview
8.4.2. Warehouse Management Market Forecast and Analysis
8.5. TRANSPORTATION MANAGEMENT
8.5.1. Overview
8.5.2. Transportation Management Market Forecast and Analysis
9. DIGITAL LOGISTICS MARKET - REVENUE AND FORECASTS TO 2027 - END USERS
9.1. OVERVIEW
9.2. END USERS MARKET FORECASTS AND ANALYSIS
9.3. AEROSPACE
9.3.1. Overview
9.3.2. Aerospace Market Forecast and Analysis
9.4. RETAIL AND CONSUMER GOODS
9.4.1. Overview
9.4.2. Retail and Consumer Goods Market Forecast and Analysis
9.5. HEALTHCARE
9.5.1. Overview
9.5.2. Healthcare Market Forecast and Analysis
9.6. INDUSTRIAL
9.6.1. Overview
9.6.2. Industrial Market Forecast and Analysis
9.7. IT AND TELECOM
9.7.1. Overview
9.7.2. IT and Telecom Market Forecast and Analysis
9.8. MANUFACTURING
9.8.1. Overview
9.8.2. Manufacturing Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. DIGITAL LOGISTICS MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Digital Logistics Market Overview
10.1.2 North America Digital Logistics Market Forecasts and Analysis
10.1.3 North America Digital Logistics Market Forecasts and Analysis - By Systems
10.1.4 North America Digital Logistics Market Forecasts and Analysis - By Application
10.1.5 North America Digital Logistics Market Forecasts and Analysis - By End Users
10.1.6 North America Digital Logistics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Digital Logistics Market
10.1.6.1.1 United States Digital Logistics Market by Systems
10.1.6.1.2 United States Digital Logistics Market by Application
10.1.6.1.3 United States Digital Logistics Market by End Users
10.1.6.2 Canada Digital Logistics Market
10.1.6.2.1 Canada Digital Logistics Market by Systems
10.1.6.2.2 Canada Digital Logistics Market by Application
10.1.6.2.3 Canada Digital Logistics Market by End Users
10.1.6.3 Mexico Digital Logistics Market
10.1.6.3.1 Mexico Digital Logistics Market by Systems
10.1.6.3.2 Mexico Digital Logistics Market by Application
10.1.6.3.3 Mexico Digital Logistics Market by End Users
10.2. EUROPE
10.2.1 Europe Digital Logistics Market Overview
10.2.2 Europe Digital Logistics Market Forecasts and Analysis
10.2.3 Europe Digital Logistics Market Forecasts and Analysis - By Systems
10.2.4 Europe Digital Logistics Market Forecasts and Analysis - By Application
10.2.5 Europe Digital Logistics Market Forecasts and Analysis - By End Users
10.2.6 Europe Digital Logistics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Digital Logistics Market
10.2.6.1.1 Germany Digital Logistics Market by Systems
10.2.6.1.2 Germany Digital Logistics Market by Application
10.2.6.1.3 Germany Digital Logistics Market by End Users
10.2.6.2 France Digital Logistics Market
10.2.6.2.1 France Digital Logistics Market by Systems
10.2.6.2.2 France Digital Logistics Market by Application
10.2.6.2.3 France Digital Logistics Market by End Users
10.2.6.3 Italy Digital Logistics Market
10.2.6.3.1 Italy Digital Logistics Market by Systems
10.2.6.3.2 Italy Digital Logistics Market by Application
10.2.6.3.3 Italy Digital Logistics Market by End Users
10.2.6.4 United Kingdom Digital Logistics Market
10.2.6.4.1 United Kingdom Digital Logistics Market by Systems
10.2.6.4.2 United Kingdom Digital Logistics Market by Application
10.2.6.4.3 United Kingdom Digital Logistics Market by End Users
10.2.6.5 Russia Digital Logistics Market
10.2.6.5.1 Russia Digital Logistics Market by Systems
10.2.6.5.2 Russia Digital Logistics Market by Application
10.2.6.5.3 Russia Digital Logistics Market by End Users
10.2.6.6 Rest of Europe Digital Logistics Market
10.2.6.6.1 Rest of Europe Digital Logistics Market by Systems
10.2.6.6.2 Rest of Europe Digital Logistics Market by Application
10.2.6.6.3 Rest of Europe Digital Logistics Market by End Users
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Digital Logistics Market Overview
10.3.2 Asia-Pacific Digital Logistics Market Forecasts and Analysis
10.3.3 Asia-Pacific Digital Logistics Market Forecasts and Analysis - By Systems
10.3.4 Asia-Pacific Digital Logistics Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Digital Logistics Market Forecasts and Analysis - By End Users
10.3.6 Asia-Pacific Digital Logistics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Digital Logistics Market
10.3.6.1.1 Australia Digital Logistics Market by Systems
10.3.6.1.2 Australia Digital Logistics Market by Application
10.3.6.1.3 Australia Digital Logistics Market by End Users
10.3.6.2 China Digital Logistics Market
10.3.6.2.1 China Digital Logistics Market by Systems
10.3.6.2.2 China Digital Logistics Market by Application
10.3.6.2.3 China Digital Logistics Market by End Users
10.3.6.3 India Digital Logistics Market
10.3.6.3.1 India Digital Logistics Market by Systems
10.3.6.3.2 India Digital Logistics Market by Application
10.3.6.3.3 India Digital Logistics Market by End Users
10.3.6.4 Japan Digital Logistics Market
10.3.6.4.1 Japan Digital Logistics Market by Systems
10.3.6.4.2 Japan Digital Logistics Market by Application
10.3.6.4.3 Japan Digital Logistics Market by End Users
10.3.6.5 South Korea Digital Logistics Market
10.3.6.5.1 South Korea Digital Logistics Market by Systems
10.3.6.5.2 South Korea Digital Logistics Market by Application
10.3.6.5.3 South Korea Digital Logistics Market by End Users
10.3.6.6 Rest of Asia-Pacific Digital Logistics Market
10.3.6.6.1 Rest of Asia-Pacific Digital Logistics Market by Systems
10.3.6.6.2 Rest of Asia-Pacific Digital Logistics Market by Application
10.3.6.6.3 Rest of Asia-Pacific Digital Logistics Market by End Users
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Digital Logistics Market Overview
10.4.2 Middle East and Africa Digital Logistics Market Forecasts and Analysis
10.4.3 Middle East and Africa Digital Logistics Market Forecasts and Analysis - By Systems
10.4.4 Middle East and Africa Digital Logistics Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Digital Logistics Market Forecasts and Analysis - By End Users
10.4.6 Middle East and Africa Digital Logistics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Digital Logistics Market
10.4.6.1.1 South Africa Digital Logistics Market by Systems
10.4.6.1.2 South Africa Digital Logistics Market by Application
10.4.6.1.3 South Africa Digital Logistics Market by End Users
10.4.6.2 Saudi Arabia Digital Logistics Market
10.4.6.2.1 Saudi Arabia Digital Logistics Market by Systems
10.4.6.2.2 Saudi Arabia Digital Logistics Market by Application
10.4.6.2.3 Saudi Arabia Digital Logistics Market by End Users
10.4.6.3 U.A.E Digital Logistics Market
10.4.6.3.1 U.A.E Digital Logistics Market by Systems
10.4.6.3.2 U.A.E Digital Logistics Market by Application
10.4.6.3.3 U.A.E Digital Logistics Market by End Users
10.4.6.4 Rest of Middle East and Africa Digital Logistics Market
10.4.6.4.1 Rest of Middle East and Africa Digital Logistics Market by Systems
10.4.6.4.2 Rest of Middle East and Africa Digital Logistics Market by Application
10.4.6.4.3 Rest of Middle East and Africa Digital Logistics Market by End Users
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Digital Logistics Market Overview
10.5.2 South and Central America Digital Logistics Market Forecasts and Analysis
10.5.3 South and Central America Digital Logistics Market Forecasts and Analysis - By Systems
10.5.4 South and Central America Digital Logistics Market Forecasts and Analysis - By Application
10.5.5 South and Central America Digital Logistics Market Forecasts and Analysis - By End Users
10.5.6 South and Central America Digital Logistics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Digital Logistics Market
10.5.6.1.1 Brazil Digital Logistics Market by Systems
10.5.6.1.2 Brazil Digital Logistics Market by Application
10.5.6.1.3 Brazil Digital Logistics Market by End Users
10.5.6.2 Argentina Digital Logistics Market
10.5.6.2.1 Argentina Digital Logistics Market by Systems
10.5.6.2.2 Argentina Digital Logistics Market by Application
10.5.6.2.3 Argentina Digital Logistics Market by End Users
10.5.6.3 Rest of South and Central America Digital Logistics Market
10.5.6.3.1 Rest of South and Central America Digital Logistics Market by Systems
10.5.6.3.2 Rest of South and Central America Digital Logistics Market by Application
10.5.6.3.3 Rest of South and Central America Digital Logistics Market by End Users
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. DIGITAL LOGISTICS MARKET, KEY COMPANY PROFILES
12.1. ACCENTURE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ADVANTECH CO., LTD.
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. DIGILOGISTICS TECHNOLOGY 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. HEXAWARE TECHNOLOGIES LIMITED
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. IBM CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ORACLE
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. SAMSUNG
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. SAP SE
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. SIEMENS DIGITAL LOGISTICS GMBH
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. TECH MAHINDRA LIMITED
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
The List of Companies
1. Accenture
2. Advantech Co., Ltd.
3. DigiLogistics Technology Ltd.
4. Hexaware Technologies Limited
5. IBM Corporation
6. Oracle
7. Samsung
8. SAP SE
9. Siemens Digital Logistics GmbH
10. Tech Mahindra Limited
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