The Terminal Automation Market is expected to register a CAGR of 5.0% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Terminal Automation Market report covers analysis by Components (Hardware, Software, Services); Project Type (Brownfield Projects, Greenfield Projects), and Vertical (Oil and Gas, Chemical, Others). The market opffers gwographical segmentation, both globally and regionally.
Purpose of the ReportThe report Terminal Automation 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.
Terminal Automation Market Segmentation
Components- Hardware
- Software
- Services
- Brownfield Projects
- Greenfield Projects;
- Oil and Gas
- Chemical
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Terminal Automation Market Growth Drivers- Increasing Demand for Operational Efficiency: The driving factors for the growth of the terminal automation market include increasing demand for operational efficiency in logistics and supply chain management. Solutions that provide automated terminals have become quite important as firms try to cut costs and improve productivity. These technologies guarantee seamless processes, minimal chances of manual errors, and optimized resource utilization. This has, therefore, increased the trend of such terminal automation solutions and has grown in market share, as various market reports demonstrate an evolved snapshot of the global market.
- Technological Advancements Driving Growth: The growth of the terminal automation market is vastly influenced by technological advancements. IoT development, along with artificial intelligence and robotics, enhances the capacity for real-time monitoring and decision-making in terminal operations. In this way, the trends in the market are observed to shift toward higher stages of automation systems when organizations get involved.
- Focus on Safety and Compliance: Improved safety and compliance emphasis on terminal operations: Growing stringency in regulations and standards requires automated solutions that guarantee the operations will meet set standards of safety. Automation reduces human exposure to high-risk activities; thus, it makes workplaces safer.
- Cybersecurity Measures in Logistics: PEST finds the growing menace of cyber attacks in logistics. The market dynamics are also changing, with key players like Cisco and Palo Alto Networks developing advanced security measures. Besides, with comprehensive cybersecurity frameworks, the companies can protect their activities while granting regulatory compliance and earning trust with clients.
- Sustainability Push in Terminal Automation: Terminal automation is also changing with the push for sustainability as many players in the field are adopting eco-friendly solutions.
- Regulatory Complaince: A PEST analysis also evidences increased regulatory pressure toward greener operations. Market dynamics are shifting as companies like Konecranes and Honeywell invest in energy-efficient technologies. This trend not only meets compliance standards but also boosts the corporate image, hence opening a wide opportunity for differentiation in this market.
- Strategic Partnerships Fuel Innovation: Strategic partnership with technology providers would help boost innovation in terminal automation. Through collaboration, a firm can develop up-to-date technologies and enhance services provided. Competitive Landscape Firms based in North America can enter new markets or leverage new technologies for growth once they engage in partnerships. Enterprises use technology partners' expertise to outperform their competitors by delivering comprehensive automation solutions that respond to the latest customer needs.
- Opportunities in Emerging Economies: Terminal automation companies can, therefore, capitalize on the opportunity brought about by this expansion into emerging economies. The industries within Asia-Pacific and Latin America are industrializing at rapid paces, thereby opening up demand for automated terminal solutions. The companies of North America can use their advanced technological lead and experience to acquire access to these markets effectively. Competition analysis will reveal the best form of regional expansion for growth and market share in the industry at the global scale.
- Smart Port Technologies Revolutionize Operations: Smart port technologies are developing a whole new horizon in the terminal automation market of North America. These technologies ensure logistics efficiency with real-time tracking and data analysis. From the competitive analytical perspective, the competitive growth for the companies that invest in the development of smart port solutions is huge. With the automation of ports, cargo handling will be streamlined to reduce the turn-around time, leading to an increase in overall operational efficiency with improved service delivery in the maritime industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Terminal Automation 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 Terminal Automation Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Key companies in this market are: ABB, Emerson Electric Co., Endress+Hauser Group Services AG, Honeywell International Inc., Implico Group, Rockwell Automation, Inc., Schneider Electric, Siemens AG, TechnipFMC plc, Yokogawa Electric Corporation
Key future trends in this market are - Improved efficiency in logistics, Adoption of AI and robotics, Integration with smart systems
The Terminal Automation Market is expected to register a CAGR of 5.0% from 2023-2031.
The major factors impacting the Terminal Automation Market are: Enhanced Safety and Compliance Regulations, Technological Advancements in Automation, and Increasing Demand for Operational Efficiency
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Terminal Automation Market - By Components
1.3.2 Terminal Automation Market - By Project Type
1.3.3 Terminal Automation Market - By Vertical
1.3.4 Terminal Automation Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TERMINAL AUTOMATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. TERMINAL AUTOMATION 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. TERMINAL AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
6.1. TERMINAL AUTOMATION - GLOBAL MARKET OVERVIEW
6.2. TERMINAL AUTOMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TERMINAL AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – COMPONENTS
7.1. OVERVIEW
7.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. TERMINAL AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – PROJECT TYPE
8.1. OVERVIEW
8.2. PROJECT TYPE MARKET FORECASTS AND ANALYSIS
8.3. BROWNFIELD PROJECTS
8.3.1. Overview
8.3.2. Brownfield Projects Market Forecast and Analysis
8.4. GREENFIELD PROJECTS
8.4.1. Overview
8.4.2. Greenfield Projects Market Forecast and Analysis
9. TERMINAL AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 – VERTICAL
9.1. OVERVIEW
9.2. VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. OIL AND GAS
9.3.1. Overview
9.3.2. Oil and Gas Market Forecast and Analysis
9.4. CHEMICAL
9.4.1. Overview
9.4.2. Chemical Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. TERMINAL AUTOMATION MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Terminal Automation Market Overview
10.1.2 North America Terminal Automation Market Forecasts and Analysis
10.1.3 North America Terminal Automation Market Forecasts and Analysis - By Components
10.1.4 North America Terminal Automation Market Forecasts and Analysis - By Project Type
10.1.5 North America Terminal Automation Market Forecasts and Analysis - By Vertical
10.1.6 North America Terminal Automation Market Forecasts and Analysis - By Countries
10.1.6.1 United States Terminal Automation Market
10.1.6.1.1 United States Terminal Automation Market by Components
10.1.6.1.2 United States Terminal Automation Market by Project Type
10.1.6.1.3 United States Terminal Automation Market by Vertical
10.1.6.2 Canada Terminal Automation Market
10.1.6.2.1 Canada Terminal Automation Market by Components
10.1.6.2.2 Canada Terminal Automation Market by Project Type
10.1.6.2.3 Canada Terminal Automation Market by Vertical
10.1.6.3 Mexico Terminal Automation Market
10.1.6.3.1 Mexico Terminal Automation Market by Components
10.1.6.3.2 Mexico Terminal Automation Market by Project Type
10.1.6.3.3 Mexico Terminal Automation Market by Vertical
10.2. EUROPE
10.2.1 Europe Terminal Automation Market Overview
10.2.2 Europe Terminal Automation Market Forecasts and Analysis
10.2.3 Europe Terminal Automation Market Forecasts and Analysis - By Components
10.2.4 Europe Terminal Automation Market Forecasts and Analysis - By Project Type
10.2.5 Europe Terminal Automation Market Forecasts and Analysis - By Vertical
10.2.6 Europe Terminal Automation Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Terminal Automation Market
10.2.6.1.1 Germany Terminal Automation Market by Components
10.2.6.1.2 Germany Terminal Automation Market by Project Type
10.2.6.1.3 Germany Terminal Automation Market by Vertical
10.2.6.2 France Terminal Automation Market
10.2.6.2.1 France Terminal Automation Market by Components
10.2.6.2.2 France Terminal Automation Market by Project Type
10.2.6.2.3 France Terminal Automation Market by Vertical
10.2.6.3 Italy Terminal Automation Market
10.2.6.3.1 Italy Terminal Automation Market by Components
10.2.6.3.2 Italy Terminal Automation Market by Project Type
10.2.6.3.3 Italy Terminal Automation Market by Vertical
10.2.6.4 United Kingdom Terminal Automation Market
10.2.6.4.1 United Kingdom Terminal Automation Market by Components
10.2.6.4.2 United Kingdom Terminal Automation Market by Project Type
10.2.6.4.3 United Kingdom Terminal Automation Market by Vertical
10.2.6.5 Russia Terminal Automation Market
10.2.6.5.1 Russia Terminal Automation Market by Components
10.2.6.5.2 Russia Terminal Automation Market by Project Type
10.2.6.5.3 Russia Terminal Automation Market by Vertical
10.2.6.6 Rest of Europe Terminal Automation Market
10.2.6.6.1 Rest of Europe Terminal Automation Market by Components
10.2.6.6.2 Rest of Europe Terminal Automation Market by Project Type
10.2.6.6.3 Rest of Europe Terminal Automation Market by Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Terminal Automation Market Overview
10.3.2 Asia-Pacific Terminal Automation Market Forecasts and Analysis
10.3.3 Asia-Pacific Terminal Automation Market Forecasts and Analysis - By Components
10.3.4 Asia-Pacific Terminal Automation Market Forecasts and Analysis - By Project Type
10.3.5 Asia-Pacific Terminal Automation Market Forecasts and Analysis - By Vertical
10.3.6 Asia-Pacific Terminal Automation Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Terminal Automation Market
10.3.6.1.1 Australia Terminal Automation Market by Components
10.3.6.1.2 Australia Terminal Automation Market by Project Type
10.3.6.1.3 Australia Terminal Automation Market by Vertical
10.3.6.2 China Terminal Automation Market
10.3.6.2.1 China Terminal Automation Market by Components
10.3.6.2.2 China Terminal Automation Market by Project Type
10.3.6.2.3 China Terminal Automation Market by Vertical
10.3.6.3 India Terminal Automation Market
10.3.6.3.1 India Terminal Automation Market by Components
10.3.6.3.2 India Terminal Automation Market by Project Type
10.3.6.3.3 India Terminal Automation Market by Vertical
10.3.6.4 Japan Terminal Automation Market
10.3.6.4.1 Japan Terminal Automation Market by Components
10.3.6.4.2 Japan Terminal Automation Market by Project Type
10.3.6.4.3 Japan Terminal Automation Market by Vertical
10.3.6.5 South Korea Terminal Automation Market
10.3.6.5.1 South Korea Terminal Automation Market by Components
10.3.6.5.2 South Korea Terminal Automation Market by Project Type
10.3.6.5.3 South Korea Terminal Automation Market by Vertical
10.3.6.6 Rest of Asia-Pacific Terminal Automation Market
10.3.6.6.1 Rest of Asia-Pacific Terminal Automation Market by Components
10.3.6.6.2 Rest of Asia-Pacific Terminal Automation Market by Project Type
10.3.6.6.3 Rest of Asia-Pacific Terminal Automation Market by Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Terminal Automation Market Overview
10.4.2 Middle East and Africa Terminal Automation Market Forecasts and Analysis
10.4.3 Middle East and Africa Terminal Automation Market Forecasts and Analysis - By Components
10.4.4 Middle East and Africa Terminal Automation Market Forecasts and Analysis - By Project Type
10.4.5 Middle East and Africa Terminal Automation Market Forecasts and Analysis - By Vertical
10.4.6 Middle East and Africa Terminal Automation Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Terminal Automation Market
10.4.6.1.1 South Africa Terminal Automation Market by Components
10.4.6.1.2 South Africa Terminal Automation Market by Project Type
10.4.6.1.3 South Africa Terminal Automation Market by Vertical
10.4.6.2 Saudi Arabia Terminal Automation Market
10.4.6.2.1 Saudi Arabia Terminal Automation Market by Components
10.4.6.2.2 Saudi Arabia Terminal Automation Market by Project Type
10.4.6.2.3 Saudi Arabia Terminal Automation Market by Vertical
10.4.6.3 U.A.E Terminal Automation Market
10.4.6.3.1 U.A.E Terminal Automation Market by Components
10.4.6.3.2 U.A.E Terminal Automation Market by Project Type
10.4.6.3.3 U.A.E Terminal Automation Market by Vertical
10.4.6.4 Rest of Middle East and Africa Terminal Automation Market
10.4.6.4.1 Rest of Middle East and Africa Terminal Automation Market by Components
10.4.6.4.2 Rest of Middle East and Africa Terminal Automation Market by Project Type
10.4.6.4.3 Rest of Middle East and Africa Terminal Automation Market by Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Terminal Automation Market Overview
10.5.2 South and Central America Terminal Automation Market Forecasts and Analysis
10.5.3 South and Central America Terminal Automation Market Forecasts and Analysis - By Components
10.5.4 South and Central America Terminal Automation Market Forecasts and Analysis - By Project Type
10.5.5 South and Central America Terminal Automation Market Forecasts and Analysis - By Vertical
10.5.6 South and Central America Terminal Automation Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Terminal Automation Market
10.5.6.1.1 Brazil Terminal Automation Market by Components
10.5.6.1.2 Brazil Terminal Automation Market by Project Type
10.5.6.1.3 Brazil Terminal Automation Market by Vertical
10.5.6.2 Argentina Terminal Automation Market
10.5.6.2.1 Argentina Terminal Automation Market by Components
10.5.6.2.2 Argentina Terminal Automation Market by Project Type
10.5.6.2.3 Argentina Terminal Automation Market by Vertical
10.5.6.3 Rest of South and Central America Terminal Automation Market
10.5.6.3.1 Rest of South and Central America Terminal Automation Market by Components
10.5.6.3.2 Rest of South and Central America Terminal Automation Market by Project Type
10.5.6.3.3 Rest of South and Central America Terminal Automation Market by Vertical
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. TERMINAL AUTOMATION MARKET, KEY COMPANY PROFILES
12.1. ABB
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. EMERSON ELECTRIC CO.
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. ENDRESS+HAUSER GROUP SERVICES AG
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. HONEYWELL INTERNATIONAL INC.
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. IMPLICO GROUP
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. ROCKWELL AUTOMATION, INC.
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. SCHNEIDER ELECTRIC
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. SIEMENS AG
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. TECHNIPFMC PLC
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. YOKOGAWA ELECTRIC 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
1. ABB
2. Emerson Electric Co.
3. Endress+Hauser Group Services AG
4. Honeywell International Inc.
5. Implico Group
6. Rockwell Automation, Inc.
7. Schneider Electric
8. Siemens AG
9. TechnipFMC plc
10. Yokogawa Electric 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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