Sports Betting Kiosk Market Updates by 2031
The Sports Betting Kiosk Market is expected to register a CAGR of 5.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Sports Betting Kiosk Market Size and Forecasts (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis by Ownership (White-labeled and branded); Application (ESports, Indoor Games, and Outdoor Games); End-User (Casinos, Sports Club/Sports Stadiums, Betting Shops and Gambling Clubs, Cruise Ships, Hotels, Restaurants, and Others); and Geography
Purpose of the ReportThe report Sports Betting Kiosk 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.
Sports Betting Kiosk Market Segmentation
by Ownership- White-labeled and branded
- ESports
- Indoor Games
- Outdoor Games;
- Casinos
- Sports Club/Sports Stadiums
- Betting Shops and Gambling Clubs
- Cruise Ships
- Hotels
- Restaurants
- Others;
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Sports Betting Kiosk Market Growth Drivers- Increased Adoption of Sports Betting Regulations: The growing legalization of sports betting across various regions is a major driver for the sports betting kiosk market. As more countries and states implement frameworks to regulate betting, this creates a surge in demand for self-service kiosks that provide easy access to sports wagers. Regulated environments ensure player safety and boost consumer confidence, thus encouraging increased participation.
- Convenience and Accessibility: The demand for seamless and convenient sports betting experiences has driven the popularity of kiosks. With these self-service terminals, bettors can place wagers without waiting in line or dealing with cashiers. Kiosks are available in high-traffic areas like casinos and sports venues, ensuring immediate access to sports betting and enhancing customer satisfaction.
- Integration with Mobile Platforms: A prominent trend in the sports betting kiosk market is the integration with mobile platforms. Bettors are increasingly using mobile devices to place bets, and kiosks now provide synchronization with mobile applications, offering a unified experience. This allows bettors to transition between their phones and kiosks effortlessly, expanding betting options and improving user engagement.
- Advanced Data Analytics and Personalization: Sports betting kiosks are increasingly incorporating advanced data analytics to personalize betting experiences. By analyzing user behavior, kiosks can suggest bets based on preferences, increasing customer retention. This trend boosts the overall user experience, providing targeted promotions and enhancing the chances of customer satisfaction and loyalty.
- Expansion in Untapped Markets: There are significant opportunities for the sports betting kiosk market in regions where sports betting is still in its nascent stages. As more countries adopt legal sports betting frameworks, kiosks present an ideal solution for quick market penetration. These markets include both mature and emerging sports markets, offering substantial revenue growth potential.
- Integration of Cashless Payment Systems: With the global shift toward cashless transactions, the integration of secure and efficient cashless payment systems in sports betting kiosks presents a unique opportunity. This move simplifies transactions for users, improving security and attracting a broader customer base, especially those preferring digital wallets or credit card payments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sports Betting Kiosk 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 Sports Betting Kiosk Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Sports Betting Kiosk Market Size and Forecasts (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis by Ownership (White-labeled and branded); Application (ESports, Indoor Games, and Outdoor Games); End-User (Casinos, Sports Club/Sports Stadiums, Betting Shops and Gambling Clubs, Cruise Ships, Hotels, Restaurants, and Others); and Geography is estimated to witness a CAGR of 5.5% from 2023 to 2031
The major factors driving the Sport Betting Kiosk Market are: Legalization and regulation of sports betting is one among the significant drivers for the sports betting kiosk market.
Flactuating raw material pricing and high cost manufacturing the Sport Betting Kiosk hinders the market growth.
The major players in the market includes International Game Technology PLC, KIOSK Information Systems, Olea Kiosks, Inc., SG Gaming, JCM Global, Kambi Group PLC., ISI, LTD., NOVOMATIC Sports Betting Solutions, Olea Kiosks, Inc., SBTech Malta Limited, Captec Ltd., Scientific Games Corporation, EasyPay System, Leroy's Sportsbooks, Juro Trading
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Sports Betting Kiosk Market - By Ownership
1. 3. 2 Sports Betting Kiosk Market - By Application
1. 3. 3 Sports Betting Kiosk Market - By End-user
1. 3. 4 Sports Betting Kiosk Market - By Region
1. 3. 4. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPORTS BETTING KIOSK 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. SPORTS BETTING KIOSK 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. SPORTS BETTING KIOSK MARKET - GLOBAL MARKET ANALYSIS
6. 1. SPORTS BETTING KIOSK - GLOBAL MARKET OVERVIEW
6. 2. SPORTS BETTING KIOSK - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING/MARKET SHARE
7. SPORTS BETTING KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - OWNERSHIP
7. 1. OVERVIEW
7. 2. OWNERSHIP MARKET FORECASTS AND ANALYSIS
7. 3. WHITE-LABELED
7. 3. 1. Overview
7. 3. 2. White-labeled Market Forecast and Analysis
7. 4. BRANDED
7. 4. 1. Overview
7. 4. 2. Branded Market Forecast and Analysis
8. SPORTS BETTING KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. ESPORTS
8. 3. 1. Overview
8. 3. 2. eSports Market Forecast and Analysis
8. 4. INDOOR GAMES
8. 4. 1. Overview
8. 4. 2. Indoor Games Market Forecast and Analysis
8. 5. OUTDOOR GAMES
8. 5. 1. Overview
8. 5. 2. Outdoor Games Market Forecast and Analysis
9. SPORTS BETTING KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9. 1. OVERVIEW
9. 2. END-USER MARKET FORECASTS AND ANALYSIS
9. 3. CASINOS
9. 3. 1. Overview
9. 3. 2. Casinos Market Forecast and Analysis
9. 4. SPORTS CLUBS/SPORTS STADIUMS
9. 4. 1. Overview
9. 4. 2. Sports Clubs/Sports Stadiums Market Forecast and Analysis
9. 5. BETTING SHOPS AND GAMBLING CLUBS
9. 5. 1. Overview
9. 5. 2. Betting Shops and Gambling Clubs Market Forecast and Analysis
9. 6. CRUISE SHIPS
9. 6. 1. Overview
9. 6. 2. Cruise Ships Market Forecast and Analysis
9. 7. HOTELS
9. 7. 1. Overview
9. 7. 2. Hotels Market Forecast and Analysis
9. 8. RESTAURANTS
9. 8. 1. Overview
9. 8. 2. Restaurants Market Forecast and Analysis
9. 9. OTHERS
9. 9. 1. Overview
9. 9. 2. Others Market Forecast and Analysis
10. SPORTS BETTING KIOSK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Sports Betting Kiosk Market Overview
10. 1. 2 North America Sports Betting Kiosk Market Forecasts and Analysis
10. 1. 3 North America Sports Betting Kiosk Market Forecasts and Analysis - By Ownership
10. 1. 4 North America Sports Betting Kiosk Market Forecasts and Analysis - By Application
10. 1. 5 North America Sports Betting Kiosk Market Forecasts and Analysis - By End-user
10. 1. 6 North America Sports Betting Kiosk Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Sports Betting Kiosk Market
10. 1. 6. 1. 1 United States Sports Betting Kiosk Market by Ownership
10. 1. 6. 1. 2 United States Sports Betting Kiosk Market by Application
10. 1. 6. 1. 3 United States Sports Betting Kiosk Market by End-user
10. 1. 6. 2 Canada Sports Betting Kiosk Market
10. 1. 6. 2. 1 Canada Sports Betting Kiosk Market by Ownership
10. 1. 6. 2. 2 Canada Sports Betting Kiosk Market by Application
10. 1. 6. 2. 3 Canada Sports Betting Kiosk Market by End-user
10. 1. 6. 3 Mexico Sports Betting Kiosk Market
10. 1. 6. 3. 1 Mexico Sports Betting Kiosk Market by Ownership
10. 1. 6. 3. 2 Mexico Sports Betting Kiosk Market by Application
10. 1. 6. 3. 3 Mexico Sports Betting Kiosk Market by End-user
10. 2. EUROPE
10. 2. 1 Europe Sports Betting Kiosk Market Overview
10. 2. 2 Europe Sports Betting Kiosk Market Forecasts and Analysis
10. 2. 3 Europe Sports Betting Kiosk Market Forecasts and Analysis - By Ownership
10. 2. 4 Europe Sports Betting Kiosk Market Forecasts and Analysis - By Application
10. 2. 5 Europe Sports Betting Kiosk Market Forecasts and Analysis - By End-user
10. 2. 6 Europe Sports Betting Kiosk Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Sports Betting Kiosk Market
10. 2. 6. 1. 1 Germany Sports Betting Kiosk Market by Ownership
10. 2. 6. 1. 2 Germany Sports Betting Kiosk Market by Application
10. 2. 6. 1. 3 Germany Sports Betting Kiosk Market by End-user
10. 2. 6. 2 France Sports Betting Kiosk Market
10. 2. 6. 2. 1 France Sports Betting Kiosk Market by Ownership
10. 2. 6. 2. 2 France Sports Betting Kiosk Market by Application
10. 2. 6. 2. 3 France Sports Betting Kiosk Market by End-user
10. 2. 6. 3 Italy Sports Betting Kiosk Market
10. 2. 6. 3. 1 Italy Sports Betting Kiosk Market by Ownership
10. 2. 6. 3. 2 Italy Sports Betting Kiosk Market by Application
10. 2. 6. 3. 3 Italy Sports Betting Kiosk Market by End-user
10. 2. 6. 4 United Kingdom Sports Betting Kiosk Market
10. 2. 6. 4. 1 United Kingdom Sports Betting Kiosk Market by Ownership
10. 2. 6. 4. 2 United Kingdom Sports Betting Kiosk Market by Application
10. 2. 6. 4. 3 United Kingdom Sports Betting Kiosk Market by End-user
10. 2. 6. 5 Russia Sports Betting Kiosk Market
10. 2. 6. 5. 1 Russia Sports Betting Kiosk Market by Ownership
10. 2. 6. 5. 2 Russia Sports Betting Kiosk Market by Application
10. 2. 6. 5. 3 Russia Sports Betting Kiosk Market by End-user
10. 2. 6. 6 Rest of Europe Sports Betting Kiosk Market
10. 2. 6. 6. 1 Rest of Europe Sports Betting Kiosk Market by Ownership
10. 2. 6. 6. 2 Rest of Europe Sports Betting Kiosk Market by Application
10. 2. 6. 6. 3 Rest of Europe Sports Betting Kiosk Market by End-user
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Sports Betting Kiosk Market Overview
10. 3. 2 Asia-Pacific Sports Betting Kiosk Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Sports Betting Kiosk Market Forecasts and Analysis - By Ownership
10. 3. 4 Asia-Pacific Sports Betting Kiosk Market Forecasts and Analysis - By Application
10. 3. 5 Asia-Pacific Sports Betting Kiosk Market Forecasts and Analysis - By End-user
10. 3. 6 Asia-Pacific Sports Betting Kiosk Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Sports Betting Kiosk Market
10. 3. 6. 1. 1 Australia Sports Betting Kiosk Market by Ownership
10. 3. 6. 1. 2 Australia Sports Betting Kiosk Market by Application
10. 3. 6. 1. 3 Australia Sports Betting Kiosk Market by End-user
10. 3. 6. 2 China Sports Betting Kiosk Market
10. 3. 6. 2. 1 China Sports Betting Kiosk Market by Ownership
10. 3. 6. 2. 2 China Sports Betting Kiosk Market by Application
10. 3. 6. 2. 3 China Sports Betting Kiosk Market by End-user
10. 3. 6. 3 India Sports Betting Kiosk Market
10. 3. 6. 3. 1 India Sports Betting Kiosk Market by Ownership
10. 3. 6. 3. 2 India Sports Betting Kiosk Market by Application
10. 3. 6. 3. 3 India Sports Betting Kiosk Market by End-user
10. 3. 6. 4 Japan Sports Betting Kiosk Market
10. 3. 6. 4. 1 Japan Sports Betting Kiosk Market by Ownership
10. 3. 6. 4. 2 Japan Sports Betting Kiosk Market by Application
10. 3. 6. 4. 3 Japan Sports Betting Kiosk Market by End-user
10. 3. 6. 5 South Korea Sports Betting Kiosk Market
10. 3. 6. 5. 1 South Korea Sports Betting Kiosk Market by Ownership
10. 3. 6. 5. 2 South Korea Sports Betting Kiosk Market by Application
10. 3. 6. 5. 3 South Korea Sports Betting Kiosk Market by End-user
10. 3. 6. 6 Rest of Asia-Pacific Sports Betting Kiosk Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Sports Betting Kiosk Market by Ownership
10. 3. 6. 6. 2 Rest of Asia-Pacific Sports Betting Kiosk Market by Application
10. 3. 6. 6. 3 Rest of Asia-Pacific Sports Betting Kiosk Market by End-user
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Sports Betting Kiosk Market Overview
10. 4. 2 Middle East and Africa Sports Betting Kiosk Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Sports Betting Kiosk Market Forecasts and Analysis - By Ownership
10. 4. 4 Middle East and Africa Sports Betting Kiosk Market Forecasts and Analysis - By Application
10. 4. 5 Middle East and Africa Sports Betting Kiosk Market Forecasts and Analysis - By End-user
10. 4. 6 Middle East and Africa Sports Betting Kiosk Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Sports Betting Kiosk Market
10. 4. 6. 1. 1 South Africa Sports Betting Kiosk Market by Ownership
10. 4. 6. 1. 2 South Africa Sports Betting Kiosk Market by Application
10. 4. 6. 1. 3 South Africa Sports Betting Kiosk Market by End-user
10. 4. 6. 2 Saudi Arabia Sports Betting Kiosk Market
10. 4. 6. 2. 1 Saudi Arabia Sports Betting Kiosk Market by Ownership
10. 4. 6. 2. 2 Saudi Arabia Sports Betting Kiosk Market by Application
10. 4. 6. 2. 3 Saudi Arabia Sports Betting Kiosk Market by End-user
10. 4. 6. 3 U. A. E Sports Betting Kiosk Market
10. 4. 6. 3. 1 U. A. E Sports Betting Kiosk Market by Ownership
10. 4. 6. 3. 2 U. A. E Sports Betting Kiosk Market by Application
10. 4. 6. 3. 3 U. A. E Sports Betting Kiosk Market by End-user
10. 4. 6. 4 Rest of Middle East and Africa Sports Betting Kiosk Market
10. 4. 6. 4. 1 Rest of Middle East and Africa Sports Betting Kiosk Market by Ownership
10. 4. 6. 4. 2 Rest of Middle East and Africa Sports Betting Kiosk Market by Application
10. 4. 6. 4. 3 Rest of Middle East and Africa Sports Betting Kiosk Market by End-user
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Sports Betting Kiosk Market Overview
10. 5. 2 South and Central America Sports Betting Kiosk Market Forecasts and Analysis
10. 5. 3 South and Central America Sports Betting Kiosk Market Forecasts and Analysis - By Ownership
10. 5. 4 South and Central America Sports Betting Kiosk Market Forecasts and Analysis - By Application
10. 5. 5 South and Central America Sports Betting Kiosk Market Forecasts and Analysis - By End-user
10. 5. 6 South and Central America Sports Betting Kiosk Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Sports Betting Kiosk Market
10. 5. 6. 1. 1 Brazil Sports Betting Kiosk Market by Ownership
10. 5. 6. 1. 2 Brazil Sports Betting Kiosk Market by Application
10. 5. 6. 1. 3 Brazil Sports Betting Kiosk Market by End-user
10. 5. 6. 2 Argentina Sports Betting Kiosk Market
10. 5. 6. 2. 1 Argentina Sports Betting Kiosk Market by Ownership
10. 5. 6. 2. 2 Argentina Sports Betting Kiosk Market by Application
10. 5. 6. 2. 3 Argentina Sports Betting Kiosk Market by End-user
10. 5. 6. 3 Rest of South and Central America Sports Betting Kiosk Market
10. 5. 6. 3. 1 Rest of South and Central America Sports Betting Kiosk Market by Ownership
10. 5. 6. 3. 2 Rest of South and Central America Sports Betting Kiosk Market by Application
10. 5. 6. 3. 3 Rest of South and Central America Sports Betting Kiosk Market by End-user
11. INDUSTRY LANDSCAPE
11. 1. MERGERS AND ACQUISITIONS
11. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11. 3. NEW PRODUCT LAUNCHES
11. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SPORTS BETTING KIOSK MARKET, KEY COMPANY PROFILES
12. 1. CAPTEC LTD.
12. 1. 1. Key Facts
12. 1. 2. Business Description
12. 1. 3. Products and Services
12. 1. 4. Financial Overview
12. 1. 5. SWOT Analysis
12. 1. 6. Key Developments
12. 2. DB SOLUTIONS
12. 2. 1. Key Facts
12. 2. 2. Business Description
12. 2. 3. Products and Services
12. 2. 4. Financial Overview
12. 2. 5. SWOT Analysis
12. 2. 6. Key Developments
12. 3. INTERNATIONAL GAME TECHNOLOGY PLC
12. 3. 1. Key Facts
12. 3. 2. Business Description
12. 3. 3. Products and Services
12. 3. 4. Financial Overview
12. 3. 5. SWOT Analysis
12. 3. 6. Key Developments
12. 4. ISI, LTD
12. 4. 1. Key Facts
12. 4. 2. Business Description
12. 4. 3. Products and Services
12. 4. 4. Financial Overview
12. 4. 5. SWOT Analysis
12. 4. 6. Key Developments
12. 5. KAMBI GROUP PLC
12. 5. 1. Key Facts
12. 5. 2. Business Description
12. 5. 3. Products and Services
12. 5. 4. Financial Overview
12. 5. 5. SWOT Analysis
12. 5. 6. Key Developments
12. 6. KIOSK INFORMATION SYSTEMS
12. 6. 1. Key Facts
12. 6. 2. Business Description
12. 6. 3. Products and Services
12. 6. 4. Financial Overview
12. 6. 5. SWOT Analysis
12. 6. 6. Key Developments
12. 7. NOVOMATIC GROUP
12. 7. 1. Key Facts
12. 7. 2. Business Description
12. 7. 3. Products and Services
12. 7. 4. Financial Overview
12. 7. 5. SWOT Analysis
12. 7. 6. Key Developments
12. 8. OLEA KIOSKS INC.
12. 8. 1. Key Facts
12. 8. 2. Business Description
12. 8. 3. Products and Services
12. 8. 4. Financial Overview
12. 8. 5. SWOT Analysis
12. 8. 6. Key Developments
12. 9. SBTECH MALTA LIMITED
12. 9. 1. Key Facts
12. 9. 2. Business Description
12. 9. 3. Products and Services
12. 9. 4. Financial Overview
12. 9. 5. SWOT Analysis
12. 9. 6. Key Developments
12. 10. SCIENTIFIC GAMES CORPORATION
12. 10. 1. Key Facts
12. 10. 2. Business Description
12. 10. 3. Products and Services
12. 10. 4. Financial Overview
12. 10. 5. SWOT Analysis
12. 10. 6. Key Developments
13. APPENDIX
13. 1. ABOUT THE INSIGHT PARTNERS
13. 2. GLOSSARY OF TERMS
The List of Companies
- Captec Ltd.
- DB Solutions
- International Game Technology PLC
- ISI, Ltd
- Kambi Group plc
- KIOSK Information Systems
- NOVOMATIC Group
- Olea Kiosks Inc.
- SBTech Malta Limited
- Scientific Games Corporation
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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