Freight Management Software Market Report (2021-2031)
The Freight Management Software Market is expected to register a CAGR of 8.9% 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 Solution (Freight Tracking and Monitoring, Cargo Routing and Scheduling, Security, EDI, TMS, and Order Management), Services (Consulting, System Integration and Deployment, and Support and Maintenance), Transportation Mode (Rail Freight, Road Freight, Ocean Freight, and Air Freight), End-Users (Third-Party Logistics, Forwarders, Brokers, Shippers, and Carriers). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Freight Management Software 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 Management Software Market Segmentation
Solution- Freight Tracking and Monitoring
- Cargo Routing and Scheduling
- Security
- EDI
- TMS
- Order Management
- Consulting
- System Integration and Deployment
- Support and Maintenance
- Rail Freight
- Road Freight
- Ocean Freight
- Air Freight
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
- Third-Party Logistics
- Forwarders
- Brokers
- Shippers
- Carriers
Strategic Insights
Freight Management Software Market Growth Drivers- Globalization of trade:New technologies have also emerged as a result of globalization. The way logistics organizations run is changing as a result of these technologies. Globalization has had a significant effect on the logistics sector in recent years. The need for logistics services, including freight forwarding management software, has increased as a result of the growth of international trade.
- Increasing complexity of supply chains: Businesses may better negotiate the complicated requirements of international transportation and address any issues that may occur by hiring freight forwarders, who offer significant knowledge and responsibility. Freight forwarders offer access to a worldwide network through their established ties across multiple industries, so enabling the efficient import and export of goods.
- Need for real-time visibility and tracking: In the freight forwarding sector, real-time visibility and tracking capabilities are becoming essential, which is propelling the software market's notable expansion. Businesses and customers alike want up-to-date information on shipment locations, expected arrival times, and potential delays as global supply chains get more complex.
- Cloud-based solutions: Cloud solutions automate the operations and customer support in the freight forwarding management software. As global trade becomes increasingly complex, the demand for sophisticated tools to manage the freight forwarding process grows. This is where all-in-one integrated cloud freight forwarding software solutions come into play.
- Blockchain for enhanced security and transparency: A decentralized and unchangeable record provided by blockchain technology guarantees security, traceability, and transparency throughout the freight forwarding process.
- Integration of AI and machine learning: Documentation and shipment tracking are just two of the numerous repetitive chores that are part of freight forwarding. These tasks are automated by AI and ML, which lowers the possibility of human error and frees up logistics experts to focus on more strategically important parts of their work.
- Internet of Things (IoT) for improved tracking: Within the freight forwarding industry, this information can hold immense value. You can find out via sensors on shipping containers whether the internal temperature is suitable for perishable items. IoT sensor data can be received and processed by freight forwarding software. This makes it possible to track the complete supply chain in real time and offers insightful information about the whereabouts, state, and flow of cargo.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Freight Management Software 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 Management Software 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
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
Globalization of trade market, Increasing complexity of supply chains, Need for real-time visibility and tracking
The Freight Management Software Market is estimated to witness a CAGR of 8.9% from 2023 to 2031
Cloud-based solutions, Blockchain for enhanced security and transparency
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
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Freight Management Software Market - By Solution
1.3.2 Freight Management Software Market - By Services
1.3.3 Freight Management Software Market - By Transportation Mode
1.3.4 Freight Management Software Market - By End-Users
1.3.5 Freight Management Software Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FREIGHT MANAGEMENT SOFTWARE 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. FREIGHT MANAGEMENT SOFTWARE 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 MANAGEMENT SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. FREIGHT MANAGEMENT SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. FREIGHT MANAGEMENT SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FREIGHT MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
7.1. OVERVIEW
7.2. SOLUTION MARKET FORECASTS AND ANALYSIS
7.3. FREIGHT TRACKING AND MONITORING
7.3.1. Overview
7.3.2. Freight Tracking and Monitoring Market Forecast and Analysis
7.4. CARGO ROUTING AND SCHEDULING
7.4.1. Overview
7.4.2. Cargo Routing and Scheduling Market Forecast and Analysis
7.5. SECURITY
7.5.1. Overview
7.5.2. Security Market Forecast and Analysis
7.6. EDI
7.6.1. Overview
7.6.2. EDI Market Forecast and Analysis
7.7. TMS
7.7.1. Overview
7.7.2. TMS Market Forecast and Analysis
7.8. AND ORDER MANAGEMENT
7.8.1. Overview
7.8.2. and Order Management Market Forecast and Analysis
8. FREIGHT MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
8.1. OVERVIEW
8.2. SERVICES MARKET FORECASTS AND ANALYSIS
8.3. CONSULTING
8.3.1. Overview
8.3.2. Consulting Market Forecast and Analysis
8.4. SYSTEM INTEGRATION AND DEPLOYMENT
8.4.1. Overview
8.4.2. System Integration and Deployment Market Forecast and Analysis
8.5. SUPPORT AND MAINTENANCE
8.5.1. Overview
8.5.2. Support and Maintenance Market Forecast and Analysis
9. FREIGHT MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - TRANSPORTATION MODE
9.1. OVERVIEW
9.2. TRANSPORTATION MODE MARKET FORECASTS AND ANALYSIS
9.3. RAIL FREIGHT
9.3.1. Overview
9.3.2. Rail Freight Market Forecast and Analysis
9.4. ROAD FREIGHT
9.4.1. Overview
9.4.2. Road Freight Market Forecast and Analysis
9.5. OCEAN FREIGHT
9.5.1. Overview
9.5.2. Ocean Freight Market Forecast and Analysis
9.6. AIR FREIGHT
9.6.1. Overview
9.6.2. Air Freight Market Forecast and Analysis
10. FREIGHT MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
10.1. OVERVIEW
10.2. END-USERS MARKET FORECASTS AND ANALYSIS
10.3. THIRD-PARTY LOGISTICS
10.3.1. Overview
10.3.2. Third-Party Logistics Market Forecast and Analysis
10.4. FORWARDERS
10.4.1. Overview
10.4.2. Forwarders Market Forecast and Analysis
10.5. BROKERS
10.5.1. Overview
10.5.2. Brokers Market Forecast and Analysis
10.6. SHIPPERS
10.6.1. Overview
10.6.2. Shippers Market Forecast and Analysis
10.7. CARRIERS
10.7.1. Overview
10.7.2. Carriers Market Forecast and Analysis
11. FREIGHT MANAGEMENT SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Freight Management Software Market Overview
11.1.2 North America Freight Management Software Market Forecasts and Analysis
11.1.3 North America Freight Management Software Market Forecasts and Analysis - By Solution
11.1.4 North America Freight Management Software Market Forecasts and Analysis - By Services
11.1.5 North America Freight Management Software Market Forecasts and Analysis - By Transportation Mode
11.1.6 North America Freight Management Software Market Forecasts and Analysis - By End-Users
11.1.7 North America Freight Management Software Market Forecasts and Analysis - By Countries
11.1.7.1 United States Freight Management Software Market
11.1.7.1.1 United States Freight Management Software Market by Solution
11.1.7.1.2 United States Freight Management Software Market by Services
11.1.7.1.3 United States Freight Management Software Market by Transportation Mode
11.1.7.1.4 United States Freight Management Software Market by End-Users
11.1.7.2 Canada Freight Management Software Market
11.1.7.2.1 Canada Freight Management Software Market by Solution
11.1.7.2.2 Canada Freight Management Software Market by Services
11.1.7.2.3 Canada Freight Management Software Market by Transportation Mode
11.1.7.2.4 Canada Freight Management Software Market by End-Users
11.1.7.3 Mexico Freight Management Software Market
11.1.7.3.1 Mexico Freight Management Software Market by Solution
11.1.7.3.2 Mexico Freight Management Software Market by Services
11.1.7.3.3 Mexico Freight Management Software Market by Transportation Mode
11.1.7.3.4 Mexico Freight Management Software Market by End-Users
11.2. EUROPE
11.2.1 Europe Freight Management Software Market Overview
11.2.2 Europe Freight Management Software Market Forecasts and Analysis
11.2.3 Europe Freight Management Software Market Forecasts and Analysis - By Solution
11.2.4 Europe Freight Management Software Market Forecasts and Analysis - By Services
11.2.5 Europe Freight Management Software Market Forecasts and Analysis - By Transportation Mode
11.2.6 Europe Freight Management Software Market Forecasts and Analysis - By End-Users
11.2.7 Europe Freight Management Software Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Freight Management Software Market
11.2.7.1.1 Germany Freight Management Software Market by Solution
11.2.7.1.2 Germany Freight Management Software Market by Services
11.2.7.1.3 Germany Freight Management Software Market by Transportation Mode
11.2.7.1.4 Germany Freight Management Software Market by End-Users
11.2.7.2 France Freight Management Software Market
11.2.7.2.1 France Freight Management Software Market by Solution
11.2.7.2.2 France Freight Management Software Market by Services
11.2.7.2.3 France Freight Management Software Market by Transportation Mode
11.2.7.2.4 France Freight Management Software Market by End-Users
11.2.7.3 Italy Freight Management Software Market
11.2.7.3.1 Italy Freight Management Software Market by Solution
11.2.7.3.2 Italy Freight Management Software Market by Services
11.2.7.3.3 Italy Freight Management Software Market by Transportation Mode
11.2.7.3.4 Italy Freight Management Software Market by End-Users
11.2.7.4 United Kingdom Freight Management Software Market
11.2.7.4.1 United Kingdom Freight Management Software Market by Solution
11.2.7.4.2 United Kingdom Freight Management Software Market by Services
11.2.7.4.3 United Kingdom Freight Management Software Market by Transportation Mode
11.2.7.4.4 United Kingdom Freight Management Software Market by End-Users
11.2.7.5 Russia Freight Management Software Market
11.2.7.5.1 Russia Freight Management Software Market by Solution
11.2.7.5.2 Russia Freight Management Software Market by Services
11.2.7.5.3 Russia Freight Management Software Market by Transportation Mode
11.2.7.5.4 Russia Freight Management Software Market by End-Users
11.2.7.6 Rest of Europe Freight Management Software Market
11.2.7.6.1 Rest of Europe Freight Management Software Market by Solution
11.2.7.6.2 Rest of Europe Freight Management Software Market by Services
11.2.7.6.3 Rest of Europe Freight Management Software Market by Transportation Mode
11.2.7.6.4 Rest of Europe Freight Management Software Market by End-Users
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Freight Management Software Market Overview
11.3.2 Asia-Pacific Freight Management Software Market Forecasts and Analysis
11.3.3 Asia-Pacific Freight Management Software Market Forecasts and Analysis - By Solution
11.3.4 Asia-Pacific Freight Management Software Market Forecasts and Analysis - By Services
11.3.5 Asia-Pacific Freight Management Software Market Forecasts and Analysis - By Transportation Mode
11.3.6 Asia-Pacific Freight Management Software Market Forecasts and Analysis - By End-Users
11.3.7 Asia-Pacific Freight Management Software Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Freight Management Software Market
11.3.7.1.1 Australia Freight Management Software Market by Solution
11.3.7.1.2 Australia Freight Management Software Market by Services
11.3.7.1.3 Australia Freight Management Software Market by Transportation Mode
11.3.7.1.4 Australia Freight Management Software Market by End-Users
11.3.7.2 China Freight Management Software Market
11.3.7.2.1 China Freight Management Software Market by Solution
11.3.7.2.2 China Freight Management Software Market by Services
11.3.7.2.3 China Freight Management Software Market by Transportation Mode
11.3.7.2.4 China Freight Management Software Market by End-Users
11.3.7.3 India Freight Management Software Market
11.3.7.3.1 India Freight Management Software Market by Solution
11.3.7.3.2 India Freight Management Software Market by Services
11.3.7.3.3 India Freight Management Software Market by Transportation Mode
11.3.7.3.4 India Freight Management Software Market by End-Users
11.3.7.4 Japan Freight Management Software Market
11.3.7.4.1 Japan Freight Management Software Market by Solution
11.3.7.4.2 Japan Freight Management Software Market by Services
11.3.7.4.3 Japan Freight Management Software Market by Transportation Mode
11.3.7.4.4 Japan Freight Management Software Market by End-Users
11.3.7.5 South Korea Freight Management Software Market
11.3.7.5.1 South Korea Freight Management Software Market by Solution
11.3.7.5.2 South Korea Freight Management Software Market by Services
11.3.7.5.3 South Korea Freight Management Software Market by Transportation Mode
11.3.7.5.4 South Korea Freight Management Software Market by End-Users
11.3.7.6 Rest of Asia-Pacific Freight Management Software Market
11.3.7.6.1 Rest of Asia-Pacific Freight Management Software Market by Solution
11.3.7.6.2 Rest of Asia-Pacific Freight Management Software Market by Services
11.3.7.6.3 Rest of Asia-Pacific Freight Management Software Market by Transportation Mode
11.3.7.6.4 Rest of Asia-Pacific Freight Management Software Market by End-Users
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Freight Management Software Market Overview
11.4.2 Middle East and Africa Freight Management Software Market Forecasts and Analysis
11.4.3 Middle East and Africa Freight Management Software Market Forecasts and Analysis - By Solution
11.4.4 Middle East and Africa Freight Management Software Market Forecasts and Analysis - By Services
11.4.5 Middle East and Africa Freight Management Software Market Forecasts and Analysis - By Transportation Mode
11.4.6 Middle East and Africa Freight Management Software Market Forecasts and Analysis - By End-Users
11.4.7 Middle East and Africa Freight Management Software Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Freight Management Software Market
11.4.7.1.1 South Africa Freight Management Software Market by Solution
11.4.7.1.2 South Africa Freight Management Software Market by Services
11.4.7.1.3 South Africa Freight Management Software Market by Transportation Mode
11.4.7.1.4 South Africa Freight Management Software Market by End-Users
11.4.7.2 Saudi Arabia Freight Management Software Market
11.4.7.2.1 Saudi Arabia Freight Management Software Market by Solution
11.4.7.2.2 Saudi Arabia Freight Management Software Market by Services
11.4.7.2.3 Saudi Arabia Freight Management Software Market by Transportation Mode
11.4.7.2.4 Saudi Arabia Freight Management Software Market by End-Users
11.4.7.3 U.A.E Freight Management Software Market
11.4.7.3.1 U.A.E Freight Management Software Market by Solution
11.4.7.3.2 U.A.E Freight Management Software Market by Services
11.4.7.3.3 U.A.E Freight Management Software Market by Transportation Mode
11.4.7.3.4 U.A.E Freight Management Software Market by End-Users
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Freight Management Software Market Overview
11.5.2 South and Central America Freight Management Software Market Forecasts and Analysis
11.5.3 South and Central America Freight Management Software Market Forecasts and Analysis - By Solution
11.5.4 South and Central America Freight Management Software Market Forecasts and Analysis - By Services
11.5.5 South and Central America Freight Management Software Market Forecasts and Analysis - By Transportation Mode
11.5.6 South and Central America Freight Management Software Market Forecasts and Analysis - By End-Users
11.5.7 South and Central America Freight Management Software Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Freight Management Software Market
11.5.7.1.1 Brazil Freight Management Software Market by Solution
11.5.7.1.2 Brazil Freight Management Software Market by Services
11.5.7.1.3 Brazil Freight Management Software Market by Transportation Mode
11.5.7.1.4 Brazil Freight Management Software Market by End-Users
11.5.7.2 Argentina Freight Management Software Market
11.5.7.2.1 Argentina Freight Management Software Market by Solution
11.5.7.2.2 Argentina Freight Management Software Market by Services
11.5.7.2.3 Argentina Freight Management Software Market by Transportation Mode
11.5.7.2.4 Argentina Freight Management Software Market by End-Users
11.5.7.3 Rest of South and Central America Freight Management Software Market
11.5.7.3.1 Rest of South and Central America Freight Management Software Market by Solution
11.5.7.3.2 Rest of South and Central America Freight Management Software Market by Services
11.5.7.3.3 Rest of South and Central America Freight Management Software Market by Transportation Mode
11.5.7.3.4 Rest of South and Central America Freight Management Software Market by End-Users
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. FREIGHT MANAGEMENT SOFTWARE MARKET, KEY COMPANY PROFILES
13.1. ACCENTURE PLC
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. C.H. ROBINSON WORLDWIDE, INC. (TMC)
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. CEVA LOGISTICS
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. DB SCHENKER
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. THE DESCARTES SYSTEM GROUP 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. BLUE YONDER GROUP, INC.
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. MERCURYGATE INTERNATIONAL INC.
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. ORACLE CORPORATION
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. SAP SE
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. UNITED PARCEL SERVICE OF AMERICA, INC.
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. Accenture PLC
2. C.H. Robinson Worldwide, Inc. (TMC)
3. Ceva Logistics
4. Db Schenker
5. The Descartes System Group Inc.
6. Blue Yonder Group, Inc.
7. MercuryGate International Inc.
8. Oracle Corporation
9. SAP SE
10. United Parcel Service of America, 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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