The Freight Audit and Payment Market is expected to register a CAGR of 13.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is divided into four sections: Offerings (Solution, Services), Deployment type (Cloud, On-Premises), and Application (Seaways, Roadways, Railways, Airways). The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Freight Audit and Payment 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.
Freight Audit and Payment Market Segmentation
Offerings- Solution
- Services
- Cloud
- On Premises
- Seaways
- Roadways
- Railways
- Airways
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Freight Audit and Payment Market Growth Drivers- Freight Logistics: This has intensified in complexity with a larger number of carriers, modes of transport, and pricing structures, necessitating efficient, accurate auditing processes. More recently, the growth in e-commerce and globalization has been associated with increased freight volumes. Freight audit and payment becomes a critical business function to make business optimize its transportation costs.
- Sustainability:Business concerns about sustainability and carbon emissions have made businesses look for freight audit and payment solutions that might help them optimize their transportation networks and reduce the impact of the same on nature.
- Need for Improved Visibility: Real-time visibility into freight operations helps identify inefficiencies and cost-saving opportunities.
- Stramlined Freight Audit: An automatically and seamlessly streamlined freight audit process by advancement in the technologies of artificial intelligence, machine learning, and blockchain will ultimately improve accuracy, efficiency, and cost-effectiveness. With an increased interest in sustainability and carbon neutrality for the future, so also will work on the audit and payment solutions for freight to help businesses optimize their transportation networks while keeping the environmental footprint as small as possible.
- Supply Chain Management: Integration of freight audit and payment into all other supply chain management functions including transportation management systems and procurement platforms should be more holistic and seamless for business and not create something that requires different handling in various areas of the organization.
- Integration with TMS and ERP Systems: Seamless integration with transportation management systems (TMS) and enterprise resource planning (ERP) systems will streamline the auditing process.
- Technological Advancements: Technology trend perspectives, artificial intelligence, and blockchain offer avenues to design novel and scalable freight audit and payment platforms. More specifically, freight audit and payment integration with all other functions of supply chain management, such as transportation management systems and procurement platforms, open avenues for more comprehensive and valuable business solutions.
- Diversification of Supply Chains: The increased internationalization of supply chains and the diversity of modes of transport create opportunities to reach an ever-wider customer base with more diverse offerings.
- Optimizing Freight Spend: By analyzing freight data, businesses can optimize carrier selection, routing, and mode of transport.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Freight Audit and Payment 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 Freight Audit and Payment 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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- 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
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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 request are 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.
Freight Audit and Payment Marketis expected to grow at a CAGR of 13.7% between 2023-2031
The driving factors impacting the Freight Audit and Payment Market are: Freight Logistics, Sustainability
The future trends of the Freight Audit and Payment Market are: Stramlined Freight Audit, Supply Chain Management
The leading players in the Freight Audit and Payment Market are: Cass Information Systems Inc, ControlPay, CT Logistics, CTSI Global, enVista LLC, Intelligent Audit, INTERLOG Services, nVision Global Technology Solutions, RateLinx
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Freight Audit And Payment Market - By Offering
1.3.2Freight Audit And Payment Market - By Deployment
1.3.3Freight Audit And Payment Market - By Application
1.3.4Freight Audit And Payment Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.FREIGHT AUDIT AND PAYMENT MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.FREIGHT AUDIT AND PAYMENT 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.FREIGHT AUDIT AND PAYMENT MARKET - GLOBAL MARKET ANALYSIS
6.1.FREIGHT AUDIT AND PAYMENT - GLOBAL MARKET OVERVIEW
6.2.FREIGHT AUDIT AND PAYMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FREIGHT AUDIT AND PAYMENT MARKET - REVENUE AND FORECASTS TO 2028 " OFFERING
7.1.OVERVIEW
7.2.OFFERING MARKET FORECASTS AND ANALYSIS
7.3.SOLUTION
7.3.1.Overview
7.3.2.Solution Market Forecast and Analysis
7.3.3.Control-Billing Market
7.3.3.1.Overview
7.3.3.2.Control-Billing Market Forecast and Analysis
7.3.4.Self-Billing Market
7.3.4.1.Overview
7.3.4.2.Self-Billing Market Forecast and Analysis
7.3.5.Account Management Market
7.3.5.1.Overview
7.3.5.2.Account Management Market Forecast and Analysis
7.3.6.Others Market
7.3.6.1.Overview
7.3.6.2.Others Market Forecast and Analysis
7.4.SERVICE
7.4.1.Overview
7.4.2.Service Market Forecast and Analysis
7.4.3.Customized Service Market
7.4.3.1.Overview
7.4.3.2.Customized Service Market Forecast and Analysis
7.4.4.Standard Service Market
7.4.4.1.Overview
7.4.4.2.Standard Service Market Forecast and Analysis
8.FREIGHT AUDIT AND PAYMENT 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.FREIGHT AUDIT AND PAYMENT MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.SEAWAYS
9.3.1.Overview
9.3.2.Seaways Market Forecast and Analysis
9.4.ROADWAYS
9.4.1.Overview
9.4.2.Roadways Market Forecast and Analysis
9.5.RAILWAYS
9.5.1.Overview
9.5.2.Railways Market Forecast and Analysis
9.6.AIRWAYS
9.6.1.Overview
9.6.2.Airways Market Forecast and Analysis
10.FREIGHT AUDIT AND PAYMENT MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Freight Audit And Payment Market Overview
10.1.2North America Freight Audit And Payment Market Forecasts and Analysis
10.1.3North America Freight Audit And Payment Market Forecasts and Analysis - By Offering
10.1.4North America Freight Audit And Payment Market Forecasts and Analysis - By Deployment
10.1.5North America Freight Audit And Payment Market Forecasts and Analysis - By Application
10.1.6North America Freight Audit And Payment Market Forecasts and Analysis - By Countries
10.1.6.1United States Freight Audit And Payment Market
10.1.6.1.1United States Freight Audit And Payment Market by Offering
10.1.6.1.2United States Freight Audit And Payment Market by Deployment
10.1.6.1.3United States Freight Audit And Payment Market by Application
10.1.6.2Canada Freight Audit And Payment Market
10.1.6.2.1Canada Freight Audit And Payment Market by Offering
10.1.6.2.2Canada Freight Audit And Payment Market by Deployment
10.1.6.2.3Canada Freight Audit And Payment Market by Application
10.1.6.3Mexico Freight Audit And Payment Market
10.1.6.3.1Mexico Freight Audit And Payment Market by Offering
10.1.6.3.2Mexico Freight Audit And Payment Market by Deployment
10.1.6.3.3Mexico Freight Audit And Payment Market by Application
10.2.EUROPE
10.2.1Europe Freight Audit And Payment Market Overview
10.2.2Europe Freight Audit And Payment Market Forecasts and Analysis
10.2.3Europe Freight Audit And Payment Market Forecasts and Analysis - By Offering
10.2.4Europe Freight Audit And Payment Market Forecasts and Analysis - By Deployment
10.2.5Europe Freight Audit And Payment Market Forecasts and Analysis - By Application
10.2.6Europe Freight Audit And Payment Market Forecasts and Analysis - By Countries
10.2.6.1Germany Freight Audit And Payment Market
10.2.6.1.1Germany Freight Audit And Payment Market by Offering
10.2.6.1.2Germany Freight Audit And Payment Market by Deployment
10.2.6.1.3Germany Freight Audit And Payment Market by Application
10.2.6.2France Freight Audit And Payment Market
10.2.6.2.1France Freight Audit And Payment Market by Offering
10.2.6.2.2France Freight Audit And Payment Market by Deployment
10.2.6.2.3France Freight Audit And Payment Market by Application
10.2.6.3Italy Freight Audit And Payment Market
10.2.6.3.1Italy Freight Audit And Payment Market by Offering
10.2.6.3.2Italy Freight Audit And Payment Market by Deployment
10.2.6.3.3Italy Freight Audit And Payment Market by Application
10.2.6.4United Kingdom Freight Audit And Payment Market
10.2.6.4.1United Kingdom Freight Audit And Payment Market by Offering
10.2.6.4.2United Kingdom Freight Audit And Payment Market by Deployment
10.2.6.4.3United Kingdom Freight Audit And Payment Market by Application
10.2.6.5Russia Freight Audit And Payment Market
10.2.6.5.1Russia Freight Audit And Payment Market by Offering
10.2.6.5.2Russia Freight Audit And Payment Market by Deployment
10.2.6.5.3Russia Freight Audit And Payment Market by Application
10.2.6.6Rest of Europe Freight Audit And Payment Market
10.2.6.6.1Rest of Europe Freight Audit And Payment Market by Offering
10.2.6.6.2Rest of Europe Freight Audit And Payment Market by Deployment
10.2.6.6.3Rest of Europe Freight Audit And Payment Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Freight Audit And Payment Market Overview
10.3.2Asia-Pacific Freight Audit And Payment Market Forecasts and Analysis
10.3.3Asia-Pacific Freight Audit And Payment Market Forecasts and Analysis - By Offering
10.3.4Asia-Pacific Freight Audit And Payment Market Forecasts and Analysis - By Deployment
10.3.5Asia-Pacific Freight Audit And Payment Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Freight Audit And Payment Market Forecasts and Analysis - By Countries
10.3.6.1Australia Freight Audit And Payment Market
10.3.6.1.1Australia Freight Audit And Payment Market by Offering
10.3.6.1.2Australia Freight Audit And Payment Market by Deployment
10.3.6.1.3Australia Freight Audit And Payment Market by Application
10.3.6.2China Freight Audit And Payment Market
10.3.6.2.1China Freight Audit And Payment Market by Offering
10.3.6.2.2China Freight Audit And Payment Market by Deployment
10.3.6.2.3China Freight Audit And Payment Market by Application
10.3.6.3India Freight Audit And Payment Market
10.3.6.3.1India Freight Audit And Payment Market by Offering
10.3.6.3.2India Freight Audit And Payment Market by Deployment
10.3.6.3.3India Freight Audit And Payment Market by Application
10.3.6.4Japan Freight Audit And Payment Market
10.3.6.4.1Japan Freight Audit And Payment Market by Offering
10.3.6.4.2Japan Freight Audit And Payment Market by Deployment
10.3.6.4.3Japan Freight Audit And Payment Market by Application
10.3.6.5South Korea Freight Audit And Payment Market
10.3.6.5.1South Korea Freight Audit And Payment Market by Offering
10.3.6.5.2South Korea Freight Audit And Payment Market by Deployment
10.3.6.5.3South Korea Freight Audit And Payment Market by Application
10.3.6.6Rest of Asia-Pacific Freight Audit And Payment Market
10.3.6.6.1Rest of Asia-Pacific Freight Audit And Payment Market by Offering
10.3.6.6.2Rest of Asia-Pacific Freight Audit And Payment Market by Deployment
10.3.6.6.3Rest of Asia-Pacific Freight Audit And Payment Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Freight Audit And Payment Market Overview
10.4.2Middle East and Africa Freight Audit And Payment Market Forecasts and Analysis
10.4.3Middle East and Africa Freight Audit And Payment Market Forecasts and Analysis - By Offering
10.4.4Middle East and Africa Freight Audit And Payment Market Forecasts and Analysis - By Deployment
10.4.5Middle East and Africa Freight Audit And Payment Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Freight Audit And Payment Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Freight Audit And Payment Market
10.4.6.1.1South Africa Freight Audit And Payment Market by Offering
10.4.6.1.2South Africa Freight Audit And Payment Market by Deployment
10.4.6.1.3South Africa Freight Audit And Payment Market by Application
10.4.6.2Saudi Arabia Freight Audit And Payment Market
10.4.6.2.1Saudi Arabia Freight Audit And Payment Market by Offering
10.4.6.2.2Saudi Arabia Freight Audit And Payment Market by Deployment
10.4.6.2.3Saudi Arabia Freight Audit And Payment Market by Application
10.4.6.3U.A.E Freight Audit And Payment Market
10.4.6.3.1U.A.E Freight Audit And Payment Market by Offering
10.4.6.3.2U.A.E Freight Audit And Payment Market by Deployment
10.4.6.3.3U.A.E Freight Audit And Payment Market by Application
10.4.6.4Rest of Middle East and Africa Freight Audit And Payment Market
10.4.6.4.1Rest of Middle East and Africa Freight Audit And Payment Market by Offering
10.4.6.4.2Rest of Middle East and Africa Freight Audit And Payment Market by Deployment
10.4.6.4.3Rest of Middle East and Africa Freight Audit And Payment Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Freight Audit And Payment Market Overview
10.5.2South and Central America Freight Audit And Payment Market Forecasts and Analysis
10.5.3South and Central America Freight Audit And Payment Market Forecasts and Analysis - By Offering
10.5.4South and Central America Freight Audit And Payment Market Forecasts and Analysis - By Deployment
10.5.5South and Central America Freight Audit And Payment Market Forecasts and Analysis - By Application
10.5.6South and Central America Freight Audit And Payment Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Freight Audit And Payment Market
10.5.6.1.1Brazil Freight Audit And Payment Market by Offering
10.5.6.1.2Brazil Freight Audit And Payment Market by Deployment
10.5.6.1.3Brazil Freight Audit And Payment Market by Application
10.5.6.2Argentina Freight Audit And Payment Market
10.5.6.2.1Argentina Freight Audit And Payment Market by Offering
10.5.6.2.2Argentina Freight Audit And Payment Market by Deployment
10.5.6.2.3Argentina Freight Audit And Payment Market by Application
10.5.6.3Rest of South and Central America Freight Audit And Payment Market
10.5.6.3.1Rest of South and Central America Freight Audit And Payment Market by Offering
10.5.6.3.2Rest of South and Central America Freight Audit And Payment Market by Deployment
10.5.6.3.3Rest of South and Central America Freight Audit And Payment Market by Application
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.FREIGHT AUDIT AND PAYMENT MARKET, KEY COMPANY PROFILES
12.1.CASS INFORMATION SYSTEMS, INC.
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.CONTROLPAY
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.CT LOGISTICS
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.CTSI-GLOBAL
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.ENVISTA LLC
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.INTELLIGENT AUDIT
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.INTERLOG SERVICES
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.NVISION GLOBAL TECHNOLOGY SOLUTIONS
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.RATELINX
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.SOFTWARE SOLUTIONS UNLIMITED, 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
The List of Companies
1.Cass Information Systems, Inc.
2.ControlPay
3.CT Logistics
4.CTSI-Global
5.enVista LLC
6.Intelligent Audit
7.INTERLOG Services
8.nVision Global Technology Solutions
9.RateLinx
10.Software Solutions Unlimited, 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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