Life Insurance Policy Administration Systems Market Scope and Size by 2031
A life insurance policy administration system provides the end-to-end lifecycle management of group life, individual as well as pension products. It helps organizations can maintain a record of the policies issued by them, calculate policy costs, as well as design new policies. Thus, it is a software that helps insurers manage life and annuity insurance policies. A life insurance policy administration system has the ability to improve the flexibility and administration of different insurance policies. Moreover, a life insurance policy administration system can be implemented either as a part of an integrated insurance suite or as a standalone solution.
MARKET DYNAMICS
Increase in the outsourcing of policy administration functions, rapidly changing market conditions, and the need to remain up-to-date with the technology are some of the major factors fueling the growth of the life insurance policy administration system market. However, rapid upgradations of products and increasing competition are identified to be among the major factors restraining the growth of the life insurance policy administration system market at a global level, especially in some of the developing economies.
MARKET SCOPE
The "Global Life Insurance Policy Administration Systems Market Analysis to 2031" is a specialized and in-depth study of the life insurance policy administration systems market with a special focus on the global market trend analysis. The report aims to provide an overview of life insurance policy administration systems market with detailed market segmentation by component, deployment, end user, module. The global life insurance policy administration systems market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading life insurance policy administration systems market player and offers key trends and opportunities in the life insurance policy administration systems market.
MARKET SEGMENTATION
The global life insurance policy administration systems market is segmented on the basis of component, deployment, end user, module. On the basis of component, market is segmented as solution, service. On the basis of deployment, market is segmented as SAAS, on-premise. On the basis of end user, market is segmented as insurance companies, banks, others. On the basis of module, market is segmented as CRM, product development, training and development, business intelligence, 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 life insurance policy administration systems 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 life insurance policy administration systems 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 life insurance policy administration systems 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 life insurance policy administration systems market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global life insurance policy administration systems 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 life insurance policy administration systems 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 life insurance policy administration systems 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 life insurance policy administration systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the life insurance policy administration systems 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 life insurance policy administration systems market are anticipated to lucrative growth opportunities in the future with the rising demand for life insurance policy administration systems market. Below mentioned is the list of few companies engaged in the life insurance policy administration systems market.
The report also includes the profiles of key life insurance policy administration systems 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.
- DXC Technology Company
- Oracle Corporation
- Capgemini SE
- Accenture Plc
- Concentrix Corporation
- Infosys Limited
- Mphasis Wyde
- SAP SE
- InsPro Technologies LLC
- EXL Service Holdings, 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
1.3.1Life Insurance Policy Administration Systems Market - By Component
1.3.2Life Insurance Policy Administration Systems Market - By Deployment
1.3.3Life Insurance Policy Administration Systems Market - By End-user
1.3.4Life Insurance Policy Administration Systems Market - By Module
1.3.5Life Insurance Policy Administration Systems Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS 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.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS 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.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS - GLOBAL MARKET OVERVIEW
6.2.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 â" 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.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 â" DEPLOYMENT
8.1.OVERVIEW
8.2.DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3.SAAS
8.3.1.Overview
8.3.2.SaaS Market Forecast and Analysis
8.4.ON-PREMISE
8.4.1.Overview
8.4.2.On-premise Market Forecast and Analysis
9.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 â" END-USER
9.1.OVERVIEW
9.2.END-USER MARKET FORECASTS AND ANALYSIS
9.3.INSURANCE COMPANIES
9.3.1.Overview
9.3.2.Insurance Companies Market Forecast and Analysis
9.4.BANKS
9.4.1.Overview
9.4.2.Banks Market Forecast and Analysis
9.5.OTHERS
9.5.1.Overview
9.5.2.Others Market Forecast and Analysis
10.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 â" MODULE
10.1.OVERVIEW
10.2.MODULE MARKET FORECASTS AND ANALYSIS
10.3.CRM
10.3.1.Overview
10.3.2.CRM Market Forecast and Analysis
10.4.PRODUCT DEVELOPMENT
10.4.1.Overview
10.4.2.Product Development Market Forecast and Analysis
10.5.TRAINING AND DEVELOPMENT
10.5.1.Overview
10.5.2.Training and Development Market Forecast and Analysis
10.6.BUSINESS INTELLIGENCE
10.6.1.Overview
10.6.2.Business Intelligence Market Forecast and Analysis
10.7.OTHERS
10.7.1.Overview
10.7.2.Others Market Forecast and Analysis
11.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Life Insurance Policy Administration Systems Market Overview
11.1.2North America Life Insurance Policy Administration Systems Market Forecasts and Analysis
11.1.3North America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Component
11.1.4North America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Deployment
11.1.5North America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By End-user
11.1.6North America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Module
11.1.7North America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Countries
11.1.7.1United States Life Insurance Policy Administration Systems Market
11.1.7.1.1United States Life Insurance Policy Administration Systems Market by Component
11.1.7.1.2United States Life Insurance Policy Administration Systems Market by Deployment
11.1.7.1.3United States Life Insurance Policy Administration Systems Market by End-user
11.1.7.1.4United States Life Insurance Policy Administration Systems Market by Module
11.1.7.2Canada Life Insurance Policy Administration Systems Market
11.1.7.2.1Canada Life Insurance Policy Administration Systems Market by Component
11.1.7.2.2Canada Life Insurance Policy Administration Systems Market by Deployment
11.1.7.2.3Canada Life Insurance Policy Administration Systems Market by End-user
11.1.7.2.4Canada Life Insurance Policy Administration Systems Market by Module
11.1.7.3Mexico Life Insurance Policy Administration Systems Market
11.1.7.3.1Mexico Life Insurance Policy Administration Systems Market by Component
11.1.7.3.2Mexico Life Insurance Policy Administration Systems Market by Deployment
11.1.7.3.3Mexico Life Insurance Policy Administration Systems Market by End-user
11.1.7.3.4Mexico Life Insurance Policy Administration Systems Market by Module
11.2.EUROPE
11.2.1Europe Life Insurance Policy Administration Systems Market Overview
11.2.2Europe Life Insurance Policy Administration Systems Market Forecasts and Analysis
11.2.3Europe Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Component
11.2.4Europe Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Deployment
11.2.5Europe Life Insurance Policy Administration Systems Market Forecasts and Analysis - By End-user
11.2.6Europe Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Module
11.2.7Europe Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Countries
11.2.7.1Germany Life Insurance Policy Administration Systems Market
11.2.7.1.1Germany Life Insurance Policy Administration Systems Market by Component
11.2.7.1.2Germany Life Insurance Policy Administration Systems Market by Deployment
11.2.7.1.3Germany Life Insurance Policy Administration Systems Market by End-user
11.2.7.1.4Germany Life Insurance Policy Administration Systems Market by Module
11.2.7.2France Life Insurance Policy Administration Systems Market
11.2.7.2.1France Life Insurance Policy Administration Systems Market by Component
11.2.7.2.2France Life Insurance Policy Administration Systems Market by Deployment
11.2.7.2.3France Life Insurance Policy Administration Systems Market by End-user
11.2.7.2.4France Life Insurance Policy Administration Systems Market by Module
11.2.7.3Italy Life Insurance Policy Administration Systems Market
11.2.7.3.1Italy Life Insurance Policy Administration Systems Market by Component
11.2.7.3.2Italy Life Insurance Policy Administration Systems Market by Deployment
11.2.7.3.3Italy Life Insurance Policy Administration Systems Market by End-user
11.2.7.3.4Italy Life Insurance Policy Administration Systems Market by Module
11.2.7.4United Kingdom Life Insurance Policy Administration Systems Market
11.2.7.4.1United Kingdom Life Insurance Policy Administration Systems Market by Component
11.2.7.4.2United Kingdom Life Insurance Policy Administration Systems Market by Deployment
11.2.7.4.3United Kingdom Life Insurance Policy Administration Systems Market by End-user
11.2.7.4.4United Kingdom Life Insurance Policy Administration Systems Market by Module
11.2.7.5Russia Life Insurance Policy Administration Systems Market
11.2.7.5.1Russia Life Insurance Policy Administration Systems Market by Component
11.2.7.5.2Russia Life Insurance Policy Administration Systems Market by Deployment
11.2.7.5.3Russia Life Insurance Policy Administration Systems Market by End-user
11.2.7.5.4Russia Life Insurance Policy Administration Systems Market by Module
11.2.7.6Rest of Europe Life Insurance Policy Administration Systems Market
11.2.7.6.1Rest of Europe Life Insurance Policy Administration Systems Market by Component
11.2.7.6.2Rest of Europe Life Insurance Policy Administration Systems Market by Deployment
11.2.7.6.3Rest of Europe Life Insurance Policy Administration Systems Market by End-user
11.2.7.6.4Rest of Europe Life Insurance Policy Administration Systems Market by Module
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Life Insurance Policy Administration Systems Market Overview
11.3.2Asia-Pacific Life Insurance Policy Administration Systems Market Forecasts and Analysis
11.3.3Asia-Pacific Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Component
11.3.4Asia-Pacific Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Deployment
11.3.5Asia-Pacific Life Insurance Policy Administration Systems Market Forecasts and Analysis - By End-user
11.3.6Asia-Pacific Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Module
11.3.7Asia-Pacific Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Countries
11.3.7.1Australia Life Insurance Policy Administration Systems Market
11.3.7.1.1Australia Life Insurance Policy Administration Systems Market by Component
11.3.7.1.2Australia Life Insurance Policy Administration Systems Market by Deployment
11.3.7.1.3Australia Life Insurance Policy Administration Systems Market by End-user
11.3.7.1.4Australia Life Insurance Policy Administration Systems Market by Module
11.3.7.2China Life Insurance Policy Administration Systems Market
11.3.7.2.1China Life Insurance Policy Administration Systems Market by Component
11.3.7.2.2China Life Insurance Policy Administration Systems Market by Deployment
11.3.7.2.3China Life Insurance Policy Administration Systems Market by End-user
11.3.7.2.4China Life Insurance Policy Administration Systems Market by Module
11.3.7.3India Life Insurance Policy Administration Systems Market
11.3.7.3.1India Life Insurance Policy Administration Systems Market by Component
11.3.7.3.2India Life Insurance Policy Administration Systems Market by Deployment
11.3.7.3.3India Life Insurance Policy Administration Systems Market by End-user
11.3.7.3.4India Life Insurance Policy Administration Systems Market by Module
11.3.7.4Japan Life Insurance Policy Administration Systems Market
11.3.7.4.1Japan Life Insurance Policy Administration Systems Market by Component
11.3.7.4.2Japan Life Insurance Policy Administration Systems Market by Deployment
11.3.7.4.3Japan Life Insurance Policy Administration Systems Market by End-user
11.3.7.4.4Japan Life Insurance Policy Administration Systems Market by Module
11.3.7.5South Korea Life Insurance Policy Administration Systems Market
11.3.7.5.1South Korea Life Insurance Policy Administration Systems Market by Component
11.3.7.5.2South Korea Life Insurance Policy Administration Systems Market by Deployment
11.3.7.5.3South Korea Life Insurance Policy Administration Systems Market by End-user
11.3.7.5.4South Korea Life Insurance Policy Administration Systems Market by Module
11.3.7.6Rest of Asia-Pacific Life Insurance Policy Administration Systems Market
11.3.7.6.1Rest of Asia-Pacific Life Insurance Policy Administration Systems Market by Component
11.3.7.6.2Rest of Asia-Pacific Life Insurance Policy Administration Systems Market by Deployment
11.3.7.6.3Rest of Asia-Pacific Life Insurance Policy Administration Systems Market by End-user
11.3.7.6.4Rest of Asia-Pacific Life Insurance Policy Administration Systems Market by Module
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Life Insurance Policy Administration Systems Market Overview
11.4.2Middle East and Africa Life Insurance Policy Administration Systems Market Forecasts and Analysis
11.4.3Middle East and Africa Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Component
11.4.4Middle East and Africa Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Deployment
11.4.5Middle East and Africa Life Insurance Policy Administration Systems Market Forecasts and Analysis - By End-user
11.4.6Middle East and Africa Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Module
11.4.7Middle East and Africa Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Life Insurance Policy Administration Systems Market
11.4.7.1.1South Africa Life Insurance Policy Administration Systems Market by Component
11.4.7.1.2South Africa Life Insurance Policy Administration Systems Market by Deployment
11.4.7.1.3South Africa Life Insurance Policy Administration Systems Market by End-user
11.4.7.1.4South Africa Life Insurance Policy Administration Systems Market by Module
11.4.7.2Saudi Arabia Life Insurance Policy Administration Systems Market
11.4.7.2.1Saudi Arabia Life Insurance Policy Administration Systems Market by Component
11.4.7.2.2Saudi Arabia Life Insurance Policy Administration Systems Market by Deployment
11.4.7.2.3Saudi Arabia Life Insurance Policy Administration Systems Market by End-user
11.4.7.2.4Saudi Arabia Life Insurance Policy Administration Systems Market by Module
11.4.7.3U.A.E Life Insurance Policy Administration Systems Market
11.4.7.3.1U.A.E Life Insurance Policy Administration Systems Market by Component
11.4.7.3.2U.A.E Life Insurance Policy Administration Systems Market by Deployment
11.4.7.3.3U.A.E Life Insurance Policy Administration Systems Market by End-user
11.4.7.3.4U.A.E Life Insurance Policy Administration Systems Market by Module
11.4.7.4Rest of Middle East and Africa Life Insurance Policy Administration Systems Market
11.4.7.4.1Rest of Middle East and Africa Life Insurance Policy Administration Systems Market by Component
11.4.7.4.2Rest of Middle East and Africa Life Insurance Policy Administration Systems Market by Deployment
11.4.7.4.3Rest of Middle East and Africa Life Insurance Policy Administration Systems Market by End-user
11.4.7.4.4Rest of Middle East and Africa Life Insurance Policy Administration Systems Market by Module
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Life Insurance Policy Administration Systems Market Overview
11.5.2South and Central America Life Insurance Policy Administration Systems Market Forecasts and Analysis
11.5.3South and Central America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Component
11.5.4South and Central America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Deployment
11.5.5South and Central America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By End-user
11.5.6South and Central America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Module
11.5.7South and Central America Life Insurance Policy Administration Systems Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Life Insurance Policy Administration Systems Market
11.5.7.1.1Brazil Life Insurance Policy Administration Systems Market by Component
11.5.7.1.2Brazil Life Insurance Policy Administration Systems Market by Deployment
11.5.7.1.3Brazil Life Insurance Policy Administration Systems Market by End-user
11.5.7.1.4Brazil Life Insurance Policy Administration Systems Market by Module
11.5.7.2Argentina Life Insurance Policy Administration Systems Market
11.5.7.2.1Argentina Life Insurance Policy Administration Systems Market by Component
11.5.7.2.2Argentina Life Insurance Policy Administration Systems Market by Deployment
11.5.7.2.3Argentina Life Insurance Policy Administration Systems Market by End-user
11.5.7.2.4Argentina Life Insurance Policy Administration Systems Market by Module
11.5.7.3Rest of South and Central America Life Insurance Policy Administration Systems Market
11.5.7.3.1Rest of South and Central America Life Insurance Policy Administration Systems Market by Component
11.5.7.3.2Rest of South and Central America Life Insurance Policy Administration Systems Market by Deployment
11.5.7.3.3Rest of South and Central America Life Insurance Policy Administration Systems Market by End-user
11.5.7.3.4Rest of South and Central America Life Insurance Policy Administration Systems Market by Module
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.LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS MARKET, KEY COMPANY PROFILES
13.1.DXC TECHNOLOGY COMPANY
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.ORACLE CORPORATION
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.CAPGEMINI SE
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.ACCENTURE PLC
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.CONCENTRIX CORPORATION
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.INFOSYS LIMITED
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.MPHASIS WYDE
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.SAP SE
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.INSPRO TECHNOLOGIES LLC
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.EXL SERVICE HOLDINGS, 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. DXC Technology Company
2. Oracle Corporation
3. Capgemini SE
4. Accenture Plc
5. Concentrix Corporation
6. Infosys Limited
7. Mphasis Wyde
8. SAP SE
9. InsPro Technologies LLC
10. EXL Service Holdings, 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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