GDS (Global Distribution System) Market - Size and Forecast 2031
The GDS (Global Distribution System) Market is expected to register a CAGR of 15.8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component [Software, Services (Professional Services, Managed Services)]; Application (Aviation, Cruises, Hotels and Resorts, Car Rental, 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 ReportThe report GDS (Global Distribution System) 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.
GDS (Global Distribution System) Market Segmentation
Component- Software
- Services
- Aviation
- Cruises
- Hotels and Resorts
- Car Rental
Strategic Insights
GDS (Global Distribution System) Market Growth Drivers- Growing Globalization and Online Travel Booking: The GDS market is heavily influenced by the expanding globalization of travel and the growing trend of online travel reservations. As more consumers make travel arrangements through digital platforms, there is a growing demand for efficient and comprehensive distribution systems that can handle real-time inventory and transaction processing. This transition is projected to move the industry forward as companies strive to optimize their operations and attract a larger audience.
- Demand for Improved GDS Solutions: Enhanced GDS solutions are in high demand, particularly in the fragmented hotel market. As hotels and travel agencies seek to streamline operations and improve customer experience, modern GDS technology capable of integrating multiple services and providing greater data analytics becomes increasingly important. This demand generates new prospects for growth in the GDS market.
- Focus on Niche Markets and Personalization: With travelers worldwide becoming specific in their requirements (eco-friendly travel, luxury vacations, adventure tourism), there is a growing demand for customized packages. GDS platforms that enable the crafting of personalized travel itineraries and offer niche markets such as wellness tourism or business travel will be in high demand. Additionally, increasing hybrid or remote work and also lead to higher "leisure" travels, where GDS providers can provide packaged solutions aligned with business and leisure components.
- Adoption of Blockchain Technology: The adoption of blockchain technology in the GDS market is gaining momentum, offering enhanced transparency and security in transactions. Blockchain can streamline processes such as payment settlements, ticketing, and loyalty programs by providing tamper-proof records and reducing fraud risks. This trend is driving innovation in the industry, as stakeholders seek to improve trust and efficiency in their operations while enhancing the overall customer experience.
- Partnerships and Collaborations: Recent partnerships, including the expansion of collaboration between Trip.com Group and Amadeus, show that there is growth potential through strategic alliances. Partnerships can add service offerings and enhance market reach for companies, which they can use to capture a bigger market share based on the strength of each company.
- Adoption of Cloud-Based Solutions: The shift from traditional GDS systems to more flexible, cloud-based alternatives offers a great opportunity. Many existing GDS platforms are perceived as complex and less adaptable to changing market demands. With the adoption of cloud technology, companies can offer more versatile and scalable solutions, which can attract a wider range of clients looking for modern, efficient distribution systems.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the GDS (Global Distribution System) 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 GDS (Global Distribution System) 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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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 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 report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Growing globalization and online travel booking, and demand for improved GDS solutions are the major factors driving the GDS (global distribution system) market.
Focus on niche markets and personalization are likely to remain a key trend in the market.
The GDS (Global Distribution System) Market is estimated to witness a CAGR of 15.8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 GDS (Global Distribution System) Market - By Component
1.3.2 GDS (Global Distribution System) Market - By Application
1.3.3 GDS (Global Distribution System) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GDS (GLOBAL DISTRIBUTION SYSTEM) 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. GDS (GLOBAL DISTRIBUTION SYSTEM) 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. GDS (GLOBAL DISTRIBUTION SYSTEM) MARKET - GLOBAL MARKET ANALYSIS
6.1. GDS (GLOBAL DISTRIBUTION SYSTEM) - GLOBAL MARKET OVERVIEW
6.2. GDS (GLOBAL DISTRIBUTION SYSTEM) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GDS (GLOBAL DISTRIBUTION SYSTEM) MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Professional Services Market
7.4.3.1. Overview
7.4.3.2. Professional Services Market Forecast and Analysis
7.4.4. Managed Services Market
7.4.4.1. Overview
7.4.4.2. Managed Services Market Forecast and Analysis
8. GDS (GLOBAL DISTRIBUTION SYSTEM) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AVIATION
8.3.1. Overview
8.3.2. Aviation Market Forecast and Analysis
8.4. CRUISES
8.4.1. Overview
8.4.2. Cruises Market Forecast and Analysis
8.5. HOTELS AND RESORTS
8.5.1. Overview
8.5.2. Hotels and Resorts Market Forecast and Analysis
8.6. CAR RENTAL
8.6.1. Overview
8.6.2. Car Rental Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. GDS (GLOBAL DISTRIBUTION SYSTEM) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America GDS (Global Distribution System) Market Overview
9.1.2 North America GDS (Global Distribution System) Market Forecasts and Analysis
9.1.3 North America GDS (Global Distribution System) Market Forecasts and Analysis - By Component
9.1.4 North America GDS (Global Distribution System) Market Forecasts and Analysis - By Application
9.1.5 North America GDS (Global Distribution System) Market Forecasts and Analysis - By Countries
9.1.5.1 United States GDS (Global Distribution System) Market
9.1.5.1.1 United States GDS (Global Distribution System) Market by Component
9.1.5.1.2 United States GDS (Global Distribution System) Market by Application
9.1.5.2 Canada GDS (Global Distribution System) Market
9.1.5.2.1 Canada GDS (Global Distribution System) Market by Component
9.1.5.2.2 Canada GDS (Global Distribution System) Market by Application
9.1.5.3 Mexico GDS (Global Distribution System) Market
9.1.5.3.1 Mexico GDS (Global Distribution System) Market by Component
9.1.5.3.2 Mexico GDS (Global Distribution System) Market by Application
9.2. EUROPE
9.2.1 Europe GDS (Global Distribution System) Market Overview
9.2.2 Europe GDS (Global Distribution System) Market Forecasts and Analysis
9.2.3 Europe GDS (Global Distribution System) Market Forecasts and Analysis - By Component
9.2.4 Europe GDS (Global Distribution System) Market Forecasts and Analysis - By Application
9.2.5 Europe GDS (Global Distribution System) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany GDS (Global Distribution System) Market
9.2.5.1.1 Germany GDS (Global Distribution System) Market by Component
9.2.5.1.2 Germany GDS (Global Distribution System) Market by Application
9.2.5.2 France GDS (Global Distribution System) Market
9.2.5.2.1 France GDS (Global Distribution System) Market by Component
9.2.5.2.2 France GDS (Global Distribution System) Market by Application
9.2.5.3 Italy GDS (Global Distribution System) Market
9.2.5.3.1 Italy GDS (Global Distribution System) Market by Component
9.2.5.3.2 Italy GDS (Global Distribution System) Market by Application
9.2.5.4 United Kingdom GDS (Global Distribution System) Market
9.2.5.4.1 United Kingdom GDS (Global Distribution System) Market by Component
9.2.5.4.2 United Kingdom GDS (Global Distribution System) Market by Application
9.2.5.5 Russia GDS (Global Distribution System) Market
9.2.5.5.1 Russia GDS (Global Distribution System) Market by Component
9.2.5.5.2 Russia GDS (Global Distribution System) Market by Application
9.2.5.6 Rest of Europe GDS (Global Distribution System) Market
9.2.5.6.1 Rest of Europe GDS (Global Distribution System) Market by Component
9.2.5.6.2 Rest of Europe GDS (Global Distribution System) Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific GDS (Global Distribution System) Market Overview
9.3.2 Asia-Pacific GDS (Global Distribution System) Market Forecasts and Analysis
9.3.3 Asia-Pacific GDS (Global Distribution System) Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific GDS (Global Distribution System) Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific GDS (Global Distribution System) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia GDS (Global Distribution System) Market
9.3.5.1.1 Australia GDS (Global Distribution System) Market by Component
9.3.5.1.2 Australia GDS (Global Distribution System) Market by Application
9.3.5.2 China GDS (Global Distribution System) Market
9.3.5.2.1 China GDS (Global Distribution System) Market by Component
9.3.5.2.2 China GDS (Global Distribution System) Market by Application
9.3.5.3 India GDS (Global Distribution System) Market
9.3.5.3.1 India GDS (Global Distribution System) Market by Component
9.3.5.3.2 India GDS (Global Distribution System) Market by Application
9.3.5.4 Japan GDS (Global Distribution System) Market
9.3.5.4.1 Japan GDS (Global Distribution System) Market by Component
9.3.5.4.2 Japan GDS (Global Distribution System) Market by Application
9.3.5.5 South Korea GDS (Global Distribution System) Market
9.3.5.5.1 South Korea GDS (Global Distribution System) Market by Component
9.3.5.5.2 South Korea GDS (Global Distribution System) Market by Application
9.3.5.6 Rest of Asia-Pacific GDS (Global Distribution System) Market
9.3.5.6.1 Rest of Asia-Pacific GDS (Global Distribution System) Market by Component
9.3.5.6.2 Rest of Asia-Pacific GDS (Global Distribution System) Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa GDS (Global Distribution System) Market Overview
9.4.2 Middle East and Africa GDS (Global Distribution System) Market Forecasts and Analysis
9.4.3 Middle East and Africa GDS (Global Distribution System) Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa GDS (Global Distribution System) Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa GDS (Global Distribution System) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa GDS (Global Distribution System) Market
9.4.5.1.1 South Africa GDS (Global Distribution System) Market by Component
9.4.5.1.2 South Africa GDS (Global Distribution System) Market by Application
9.4.5.2 Saudi Arabia GDS (Global Distribution System) Market
9.4.5.2.1 Saudi Arabia GDS (Global Distribution System) Market by Component
9.4.5.2.2 Saudi Arabia GDS (Global Distribution System) Market by Application
9.4.5.3 U.A.E GDS (Global Distribution System) Market
9.4.5.3.1 U.A.E GDS (Global Distribution System) Market by Component
9.4.5.3.2 U.A.E GDS (Global Distribution System) Market by Application
9.4.5.4 Rest of Middle East and Africa GDS (Global Distribution System) Market
9.4.5.4.1 Rest of Middle East and Africa GDS (Global Distribution System) Market by Component
9.4.5.4.2 Rest of Middle East and Africa GDS (Global Distribution System) Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America GDS (Global Distribution System) Market Overview
9.5.2 South and Central America GDS (Global Distribution System) Market Forecasts and Analysis
9.5.3 South and Central America GDS (Global Distribution System) Market Forecasts and Analysis - By Component
9.5.4 South and Central America GDS (Global Distribution System) Market Forecasts and Analysis - By Application
9.5.5 South and Central America GDS (Global Distribution System) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil GDS (Global Distribution System) Market
9.5.5.1.1 Brazil GDS (Global Distribution System) Market by Component
9.5.5.1.2 Brazil GDS (Global Distribution System) Market by Application
9.5.5.2 Argentina GDS (Global Distribution System) Market
9.5.5.2.1 Argentina GDS (Global Distribution System) Market by Component
9.5.5.2.2 Argentina GDS (Global Distribution System) Market by Application
9.5.5.3 Rest of South and Central America GDS (Global Distribution System) Market
9.5.5.3.1 Rest of South and Central America GDS (Global Distribution System) Market by Component
9.5.5.3.2 Rest of South and Central America GDS (Global Distribution System) Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GDS (GLOBAL DISTRIBUTION SYSTEM) MARKET, KEY COMPANY PROFILES
11.1. AMADEUS IT GROUP SA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. INFINI TRAVEL INFORMATION INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PEGASUS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SABRE CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SIRENA-TRAVEL CJSC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SITEMINDER DISTRIBUTION LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TRAVELOPRO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TRAVELPORT
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TRAVELSKY TECHNOLOGY LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SITEMINDER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. TRAVELPERK S.L.U
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. COLORWHISTLE
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. ETRAVOS
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. HOTELOGIX
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. PROVAB TECHNOSOFT PVT. LTD
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. OTRAMS
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. ONRES SYSTEMS INC
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. CHETU INC
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
11.19. TRANSCAPE TECHNOLOGY
11.19.1. Key Facts
11.19.2. Business Description
11.19.3. Products and Services
11.19.4. Financial Overview
11.19.5. SWOT Analysis
11.19.6. Key Developments
11.20. SOFIAC
11.20.1. Key Facts
11.20.2. Business Description
11.20.3. Products and Services
11.20.4. Financial Overview
11.20.5. SWOT Analysis
11.20.6. Key Developments
11.21. GORANGA TECH
11.21.1. Key Facts
11.21.2. Business Description
11.21.3. Products and Services
11.21.4. Financial Overview
11.21.5. SWOT Analysis
11.21.6. Key Developments
11.22. HAJJUMRAHTECH
11.22.1. Key Facts
11.22.2. Business Description
11.22.3. Products and Services
11.22.4. Financial Overview
11.22.5. SWOT Analysis
11.22.6. Key Developments
11.23. EZEE CENTRIX
11.23.1. Key Facts
11.23.2. Business Description
11.23.3. Products and Services
11.23.4. Financial Overview
11.23.5. SWOT Analysis
11.23.6. Key Developments
11.24. TRAVELOMATIX
11.24.1. Key Facts
11.24.2. Business Description
11.24.3. Products and Services
11.24.4. Financial Overview
11.24.5. SWOT Analysis
11.24.6. Key Developments
11.25. FBT ADVENTURES
11.25.1. Key Facts
11.25.2. Business Description
11.25.3. Products and Services
11.25.4. Financial Overview
11.25.5. SWOT Analysis
11.25.6. Key Developments
11.26. HOTELSIMPLY
11.26.1. Key Facts
11.26.2. Business Description
11.26.3. Products and Services
11.26.4. Financial Overview
11.26.5. SWOT Analysis
11.26.6. Key Developments
11.27. E-GDS
11.27.1. Key Facts
11.27.2. Business Description
11.27.3. Products and Services
11.27.4. Financial Overview
11.27.5. SWOT Analysis
11.27.6. Key Developments
11.28. LUXURYRES
11.28.1. Key Facts
11.28.2. Business Description
11.28.3. Products and Services
11.28.4. Financial Overview
11.28.5. SWOT Analysis
11.28.6. Key Developments
11.29. QUICK TRAVEL AFFILIATE
11.29.1. Key Facts
11.29.2. Business Description
11.29.3. Products and Services
11.29.4. Financial Overview
11.29.5. SWOT Analysis
11.29.6. Key Developments
11.30. FLIGHTSLOGIC
11.30.1. Key Facts
11.30.2. Business Description
11.30.3. Products and Services
11.30.4. Financial Overview
11.30.5. SWOT Analysis
11.30.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Amadeus IT Group SA
2. Infini Travel Information Inc.
3. Pegasus
4. Sabre Corporation
5. Sirena-Travel CJSC
6. SiteMinder Distribution Limited
7. TraveloPro
8. Travelport
9. TravelSky Technology Limited
10. SiteMinder
11. TravelPerk S.L.U
12. ColorWhistle
13. eTravos
14. Hotelogix
15. Provab Technosoft Pvt. Ltd
16. OTRAMS
17. OnRes Systems Inc
18. Chetu Inc
19. Transcape Technology
20.Sofiac
21. Goranga Tech
22. HajjUmrahTech
23. eZee Centrix
24. Travelomatix
25. FBT Adventures
26. HotelSimply
27. E-GDS
28. LuxuryRes
29. Quick Travel Affiliate
30.FlightsLogic
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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