Hospitality Workforce management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Softworks Workforce Management Software includes Time and Attendance Software and Software to Manage Flexible Working and is used by a wide variety of organizations in the hotel and hospitality industry to help them control costs while supporting them in their delivery of outstanding levels of quality and customer service.
MARKET DYNAMICS
Growing demand for workforce optimization and mobile applications is one of the major factors driving the growth of the hospitality workforce management market. Moreover, increasing adoption of cloud-based workforce management solutions is anticipated to boost the growth of the hospitality workforce management market.
MARKET SCOPE
The "Global Hospitality Workforce Management Market Analysis to 2031" is a specialized and in-depth study of the hospitality workforce management market with a special focus on the global market trend analysis. The report aims to provide an overview of hospitality workforce management market with detailed market segmentation by component, deployment type, organization size, vertical. The global hospitality workforce management market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hospitality workforce management market player and offers key trends and opportunities in the hospitality workforce management market.
MARKET SEGMENTATION
The global hospitality workforce management market is segmented on the basis of component, deployment type, organization size, vertical. On the basis of component, market is segmented as solution, service. On the basis of deployment type, market is segmented as on-premises, cloud. On the basis of organization size, market is segmented as large enterprises, small and medium-sized enterprises. On the basis of vertical, market is segmented as BFSI, telecom, government, consumer goods and retail, manufacturing, energy and utilities, transportation and logistics, healthcare and life sciences, information technology enabled services (ITES), others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hospitality workforce management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hospitality workforce management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hospitality workforce management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the hospitality workforce management market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hospitality workforce management market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hospitality workforce management market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hospitality workforce management market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the hospitality workforce management market in these regions.
MARKET PLAYERS
The reports cover key developments in the hospitality workforce management market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from hospitality workforce management market are anticipated to lucrative growth opportunities in the future with the rising demand for hospitality workforce management market. Below mentioned is the list of few companies engaged in the hospitality workforce management market.
The report also includes the profiles of key hospitality workforce management market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Oracle
- Kronos
- ADP, Inc
- SAP SE
- Softworks Ltd
- Ceridian HCM, Inc
- Reflexis Systems, Inc.
- ATOSS Software AG
- Infor
- Mitrefinch Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Hospitality Workforce Management Market - By Component
1.3.2Hospitality Workforce Management Market - By Deployment Type
1.3.3Hospitality Workforce Management Market - By Organization Size
1.3.4Hospitality Workforce Management Market - By Vertical
1.3.5Hospitality Workforce Management Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.HOSPITALITY WORKFORCE MANAGEMENT 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.HOSPITALITY WORKFORCE MANAGEMENT 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.HOSPITALITY WORKFORCE MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1.HOSPITALITY WORKFORCE MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2.HOSPITALITY WORKFORCE MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.HOSPITALITY WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 " COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.SOLUTION
7.3.1.Overview
7.3.2.Solution Market Forecast and Analysis
7.4.SERVICE
7.4.1.Overview
7.4.2.Service Market Forecast and Analysis
8.HOSPITALITY WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 " DEPLOYMENT TYPE
8.1.OVERVIEW
8.2.DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3.ON-PREMISES
8.3.1.Overview
8.3.2.On-Premises Market Forecast and Analysis
8.4.CLOUD
8.4.1.Overview
8.4.2.Cloud Market Forecast and Analysis
9.HOSPITALITY WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 " ORGANIZATION SIZE
9.1.OVERVIEW
9.2.ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
9.3.LARGE ENTERPRISES
9.3.1.Overview
9.3.2.Large Enterprises Market Forecast and Analysis
9.4.SMALL AND MEDIUM-SIZED ENTERPRISES
9.4.1.Overview
9.4.2.Small and Medium-sized Enterprises Market Forecast and Analysis
10.HOSPITALITY WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 " VERTICAL
10.1.OVERVIEW
10.2.VERTICAL MARKET FORECASTS AND ANALYSIS
10.3.BFSI
10.3.1.Overview
10.3.2.BFSI Market Forecast and Analysis
10.4.TELECOM
10.4.1.Overview
10.4.2.Telecom Market Forecast and Analysis
10.5.GOVERNMENT
10.5.1.Overview
10.5.2.Government Market Forecast and Analysis
10.6.CONSUMER GOODS AND RETAIL
10.6.1.Overview
10.6.2.Consumer Goods and Retail Market Forecast and Analysis
10.7.MANUFACTURING
10.7.1.Overview
10.7.2.Manufacturing Market Forecast and Analysis
10.8.ENERGY AND UTILITIES
10.8.1.Overview
10.8.2.Energy and Utilities Market Forecast and Analysis
10.9.TRANSPORTATION AND LOGISTICS
10.9.1.Overview
10.9.2.Transportation and Logistics Market Forecast and Analysis
10.10.HEALTHCARE AND LIFE SCIENCES
10.10.1.Overview
10.10.2.Healthcare and Life Sciences Market Forecast and Analysis
10.11.INFORMATION TECHNOLOGY ENABLED SERVICES (ITES)
10.11.1.Overview
10.11.2.Information Technology enabled Services (ITeS) Market Forecast and Analysis
10.12.OTHERS
10.12.1.Overview
10.12.2.Others Market Forecast and Analysis
11.HOSPITALITY WORKFORCE MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Hospitality Workforce Management Market Overview
11.1.2North America Hospitality Workforce Management Market Forecasts and Analysis
11.1.3North America Hospitality Workforce Management Market Forecasts and Analysis - By Component
11.1.4North America Hospitality Workforce Management Market Forecasts and Analysis - By Deployment Type
11.1.5North America Hospitality Workforce Management Market Forecasts and Analysis - By Organization Size
11.1.6North America Hospitality Workforce Management Market Forecasts and Analysis - By Vertical
11.1.7North America Hospitality Workforce Management Market Forecasts and Analysis - By Countries
11.1.7.1United States Hospitality Workforce Management Market
11.1.7.1.1United States Hospitality Workforce Management Market by Component
11.1.7.1.2United States Hospitality Workforce Management Market by Deployment Type
11.1.7.1.3United States Hospitality Workforce Management Market by Organization Size
11.1.7.1.4United States Hospitality Workforce Management Market by Vertical
11.1.7.2Canada Hospitality Workforce Management Market
11.1.7.2.1Canada Hospitality Workforce Management Market by Component
11.1.7.2.2Canada Hospitality Workforce Management Market by Deployment Type
11.1.7.2.3Canada Hospitality Workforce Management Market by Organization Size
11.1.7.2.4Canada Hospitality Workforce Management Market by Vertical
11.1.7.3Mexico Hospitality Workforce Management Market
11.1.7.3.1Mexico Hospitality Workforce Management Market by Component
11.1.7.3.2Mexico Hospitality Workforce Management Market by Deployment Type
11.1.7.3.3Mexico Hospitality Workforce Management Market by Organization Size
11.1.7.3.4Mexico Hospitality Workforce Management Market by Vertical
11.2.EUROPE
11.2.1Europe Hospitality Workforce Management Market Overview
11.2.2Europe Hospitality Workforce Management Market Forecasts and Analysis
11.2.3Europe Hospitality Workforce Management Market Forecasts and Analysis - By Component
11.2.4Europe Hospitality Workforce Management Market Forecasts and Analysis - By Deployment Type
11.2.5Europe Hospitality Workforce Management Market Forecasts and Analysis - By Organization Size
11.2.6Europe Hospitality Workforce Management Market Forecasts and Analysis - By Vertical
11.2.7Europe Hospitality Workforce Management Market Forecasts and Analysis - By Countries
11.2.7.1Germany Hospitality Workforce Management Market
11.2.7.1.1Germany Hospitality Workforce Management Market by Component
11.2.7.1.2Germany Hospitality Workforce Management Market by Deployment Type
11.2.7.1.3Germany Hospitality Workforce Management Market by Organization Size
11.2.7.1.4Germany Hospitality Workforce Management Market by Vertical
11.2.7.2France Hospitality Workforce Management Market
11.2.7.2.1France Hospitality Workforce Management Market by Component
11.2.7.2.2France Hospitality Workforce Management Market by Deployment Type
11.2.7.2.3France Hospitality Workforce Management Market by Organization Size
11.2.7.2.4France Hospitality Workforce Management Market by Vertical
11.2.7.3Italy Hospitality Workforce Management Market
11.2.7.3.1Italy Hospitality Workforce Management Market by Component
11.2.7.3.2Italy Hospitality Workforce Management Market by Deployment Type
11.2.7.3.3Italy Hospitality Workforce Management Market by Organization Size
11.2.7.3.4Italy Hospitality Workforce Management Market by Vertical
11.2.7.4United Kingdom Hospitality Workforce Management Market
11.2.7.4.1United Kingdom Hospitality Workforce Management Market by Component
11.2.7.4.2United Kingdom Hospitality Workforce Management Market by Deployment Type
11.2.7.4.3United Kingdom Hospitality Workforce Management Market by Organization Size
11.2.7.4.4United Kingdom Hospitality Workforce Management Market by Vertical
11.2.7.5Russia Hospitality Workforce Management Market
11.2.7.5.1Russia Hospitality Workforce Management Market by Component
11.2.7.5.2Russia Hospitality Workforce Management Market by Deployment Type
11.2.7.5.3Russia Hospitality Workforce Management Market by Organization Size
11.2.7.5.4Russia Hospitality Workforce Management Market by Vertical
11.2.7.6Rest of Europe Hospitality Workforce Management Market
11.2.7.6.1Rest of Europe Hospitality Workforce Management Market by Component
11.2.7.6.2Rest of Europe Hospitality Workforce Management Market by Deployment Type
11.2.7.6.3Rest of Europe Hospitality Workforce Management Market by Organization Size
11.2.7.6.4Rest of Europe Hospitality Workforce Management Market by Vertical
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Hospitality Workforce Management Market Overview
11.3.2Asia-Pacific Hospitality Workforce Management Market Forecasts and Analysis
11.3.3Asia-Pacific Hospitality Workforce Management Market Forecasts and Analysis - By Component
11.3.4Asia-Pacific Hospitality Workforce Management Market Forecasts and Analysis - By Deployment Type
11.3.5Asia-Pacific Hospitality Workforce Management Market Forecasts and Analysis - By Organization Size
11.3.6Asia-Pacific Hospitality Workforce Management Market Forecasts and Analysis - By Vertical
11.3.7Asia-Pacific Hospitality Workforce Management Market Forecasts and Analysis - By Countries
11.3.7.1Australia Hospitality Workforce Management Market
11.3.7.1.1Australia Hospitality Workforce Management Market by Component
11.3.7.1.2Australia Hospitality Workforce Management Market by Deployment Type
11.3.7.1.3Australia Hospitality Workforce Management Market by Organization Size
11.3.7.1.4Australia Hospitality Workforce Management Market by Vertical
11.3.7.2China Hospitality Workforce Management Market
11.3.7.2.1China Hospitality Workforce Management Market by Component
11.3.7.2.2China Hospitality Workforce Management Market by Deployment Type
11.3.7.2.3China Hospitality Workforce Management Market by Organization Size
11.3.7.2.4China Hospitality Workforce Management Market by Vertical
11.3.7.3India Hospitality Workforce Management Market
11.3.7.3.1India Hospitality Workforce Management Market by Component
11.3.7.3.2India Hospitality Workforce Management Market by Deployment Type
11.3.7.3.3India Hospitality Workforce Management Market by Organization Size
11.3.7.3.4India Hospitality Workforce Management Market by Vertical
11.3.7.4Japan Hospitality Workforce Management Market
11.3.7.4.1Japan Hospitality Workforce Management Market by Component
11.3.7.4.2Japan Hospitality Workforce Management Market by Deployment Type
11.3.7.4.3Japan Hospitality Workforce Management Market by Organization Size
11.3.7.4.4Japan Hospitality Workforce Management Market by Vertical
11.3.7.5South Korea Hospitality Workforce Management Market
11.3.7.5.1South Korea Hospitality Workforce Management Market by Component
11.3.7.5.2South Korea Hospitality Workforce Management Market by Deployment Type
11.3.7.5.3South Korea Hospitality Workforce Management Market by Organization Size
11.3.7.5.4South Korea Hospitality Workforce Management Market by Vertical
11.3.7.6Rest of Asia-Pacific Hospitality Workforce Management Market
11.3.7.6.1Rest of Asia-Pacific Hospitality Workforce Management Market by Component
11.3.7.6.2Rest of Asia-Pacific Hospitality Workforce Management Market by Deployment Type
11.3.7.6.3Rest of Asia-Pacific Hospitality Workforce Management Market by Organization Size
11.3.7.6.4Rest of Asia-Pacific Hospitality Workforce Management Market by Vertical
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Hospitality Workforce Management Market Overview
11.4.2Middle East and Africa Hospitality Workforce Management Market Forecasts and Analysis
11.4.3Middle East and Africa Hospitality Workforce Management Market Forecasts and Analysis - By Component
11.4.4Middle East and Africa Hospitality Workforce Management Market Forecasts and Analysis - By Deployment Type
11.4.5Middle East and Africa Hospitality Workforce Management Market Forecasts and Analysis - By Organization Size
11.4.6Middle East and Africa Hospitality Workforce Management Market Forecasts and Analysis - By Vertical
11.4.7Middle East and Africa Hospitality Workforce Management Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Hospitality Workforce Management Market
11.4.7.1.1South Africa Hospitality Workforce Management Market by Component
11.4.7.1.2South Africa Hospitality Workforce Management Market by Deployment Type
11.4.7.1.3South Africa Hospitality Workforce Management Market by Organization Size
11.4.7.1.4South Africa Hospitality Workforce Management Market by Vertical
11.4.7.2Saudi Arabia Hospitality Workforce Management Market
11.4.7.2.1Saudi Arabia Hospitality Workforce Management Market by Component
11.4.7.2.2Saudi Arabia Hospitality Workforce Management Market by Deployment Type
11.4.7.2.3Saudi Arabia Hospitality Workforce Management Market by Organization Size
11.4.7.2.4Saudi Arabia Hospitality Workforce Management Market by Vertical
11.4.7.3U.A.E Hospitality Workforce Management Market
11.4.7.3.1U.A.E Hospitality Workforce Management Market by Component
11.4.7.3.2U.A.E Hospitality Workforce Management Market by Deployment Type
11.4.7.3.3U.A.E Hospitality Workforce Management Market by Organization Size
11.4.7.3.4U.A.E Hospitality Workforce Management Market by Vertical
11.4.7.4Rest of Middle East and Africa Hospitality Workforce Management Market
11.4.7.4.1Rest of Middle East and Africa Hospitality Workforce Management Market by Component
11.4.7.4.2Rest of Middle East and Africa Hospitality Workforce Management Market by Deployment Type
11.4.7.4.3Rest of Middle East and Africa Hospitality Workforce Management Market by Organization Size
11.4.7.4.4Rest of Middle East and Africa Hospitality Workforce Management Market by Vertical
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Hospitality Workforce Management Market Overview
11.5.2South and Central America Hospitality Workforce Management Market Forecasts and Analysis
11.5.3South and Central America Hospitality Workforce Management Market Forecasts and Analysis - By Component
11.5.4South and Central America Hospitality Workforce Management Market Forecasts and Analysis - By Deployment Type
11.5.5South and Central America Hospitality Workforce Management Market Forecasts and Analysis - By Organization Size
11.5.6South and Central America Hospitality Workforce Management Market Forecasts and Analysis - By Vertical
11.5.7South and Central America Hospitality Workforce Management Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Hospitality Workforce Management Market
11.5.7.1.1Brazil Hospitality Workforce Management Market by Component
11.5.7.1.2Brazil Hospitality Workforce Management Market by Deployment Type
11.5.7.1.3Brazil Hospitality Workforce Management Market by Organization Size
11.5.7.1.4Brazil Hospitality Workforce Management Market by Vertical
11.5.7.2Argentina Hospitality Workforce Management Market
11.5.7.2.1Argentina Hospitality Workforce Management Market by Component
11.5.7.2.2Argentina Hospitality Workforce Management Market by Deployment Type
11.5.7.2.3Argentina Hospitality Workforce Management Market by Organization Size
11.5.7.2.4Argentina Hospitality Workforce Management Market by Vertical
11.5.7.3Rest of South and Central America Hospitality Workforce Management Market
11.5.7.3.1Rest of South and Central America Hospitality Workforce Management Market by Component
11.5.7.3.2Rest of South and Central America Hospitality Workforce Management Market by Deployment Type
11.5.7.3.3Rest of South and Central America Hospitality Workforce Management Market by Organization Size
11.5.7.3.4Rest of South and Central America Hospitality Workforce Management Market by Vertical
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.HOSPITALITY WORKFORCE MANAGEMENT MARKET, KEY COMPANY PROFILES
13.1.ORACLE
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.KRONOS
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.ADP, INC
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.SAP SE
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.SOFTWORKS LTD
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.CERIDIAN HCM, 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.REFLEXIS SYSTEMS, 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.ATOSS SOFTWARE AG
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.INFOR
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.MITREFINCH 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. Oracle
2. Kronos
3. ADP, Inc
4. SAP SE
5. Softworks Ltd
6. Ceridian HCM, Inc
7. Reflexis Systems, Inc.
8. ATOSS Software AG
9. Infor
10. Mitrefinch 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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