North America Last Mile Delivery Market Key Companies and SWOT Analysis by 2030
North America Last Mile Delivery Market Size and Forecast (2020 - 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (B2C and B2B), Vehicle Type (Motorcycles, Commercial Vehicles, Drones, Autonomous Ground Vehicles, and Others), End User (Groceries, Home Essentials/Houseware and Home Furnishings, Restaurant Meals, Clothing and Apparel, Consumer Electronics, Toys/Hobbies/Sporting Goods, Mass Merchants, Jewelry, Specialty, Automotive Parts and Accessories, and Others), and Country
- Status : Published
- Report Code : TIPRE00006268
- Category : Automotive and Transportation
- No. of Pages : 256
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Vehicle Type, End User, and Country
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
One of the main factors driving the last mile delivery market is the higher penetration of e-commerce in the region. Online shopping in the US has grown in popularity in recent years, as indicated by an increasing number of people purchasing goods and services over the Internet. The number of online shoppers is expected to grow in the coming years.
United Parcel Service Inc., XPO Inc., Ceva Logistics AG, Amazon.com Inc., FedEx Corp, and AP MOLLER-MAERSK AS are the top key market players operating in the North America last mile delivery market.
In 2022, more than ten drone operators accomplished more than 5,000 commercial deliveries in the US. Between 2021 and 2022, the number of packages delivered by drone climbed by more than 80%, reaching ~875,000 deliveries globally. Globally, US has the highest market share in drone deliveries globally. Major retail and e-commerce companies such as Amazon and Walmart are investing heavily in drone last mile delivery.
The North America market was among the first to adopt e-commerce early and widely. The US mainly dominates the North America market, with more than 70% of the total market share. The next-day or same-day last-mile delivery business has evolved into an industry within the retail sector. According to the US Bureau of Labor Statistics, 1.7 million delivery drivers were employed last year.
Self-driving cars are an essential topic in the logistics industry these days. Large corporations such as Google, Uber, and Ford are making significant advances in autonomous technology. Although self-driving technology is still in its early stages, it is likely to substantially impact several industries, including logistics, shortly.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness, By Country
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Last Mile Delivery Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of North America Last Mile Delivery Vendors
5. Last Mile Delivery Market - Key Industry Dynamics
5.1 Last Mile Delivery Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing E-Commerce Industry
5.2.2 Increasing Initiatives by Key Players
5.3 Market Restraints
5.3.1 High Cost of Last Mile Delivery
5.4 Market Opportunities
5.4.1 Rising Investments in Unmanned Delivery
5.5 Future Trends
5.5.1 Increasing Drone Deliveries
5.6 Impact of Drivers and Restraints:
6. Last Mile Delivery Market - North America Market Analysis
6.1 Last Mile Delivery Market Revenue (US$ Billion), 2022 – 2030
6.2 Last Mile Delivery Market Forecast and Analysis
7. Last Mile Delivery Market Analysis - Type
7.1 B2C
7.1.1 Overview
7.1.2 B2C Market, Revenue and Forecast to 2030 (US$ Billion)
7.2 B2B
7.2.1 Overview
7.2.2 B2B Market, Revenue and Forecast to 2030 (US$ Billion)
8. Last Mile Delivery Market Analysis – Vehicle Type
8.1 Motorcycle
8.1.1 Overview
8.1.2 Motorcycle Market Revenue, and Forecast to 2030 (US$ Billion)
8.2 Commercial Vehicle
8.2.1 Overview
8.2.2 Commercial Vehicle Market Revenue, and Forecast to 2030 (US$ Billion)
8.3 Drones
8.3.1 Overview
8.3.2 Drones Market Revenue, and Forecast to 2030 (US$ Billion)
8.4 Autonomous Ground Vehicles
8.4.1 Overview
8.4.2 Autonomous Ground Vehicles Market Revenue, and Forecast to 2030 (US$ Billion)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue, and Forecast to 2030 (US$ Billion)
9. Last Mile Delivery Market Analysis – End user
9.1 Groceries
9.1.1 Overview
9.1.2 Groceries Market Revenue, and Forecast to 2030 (US$ Billion)
9.2 Home Essentials/Houseware and Home Furnishings
9.2.1 Overview
9.2.2 Home Essentials/Houseware and Home Furnishings Market Revenue, and Forecast to 2030 (US$ Billion)
9.3 Restaurants Meals
9.3.1 Overview
9.3.2 Restaurants Meals Market Revenue, and Forecast to 2030 (US$ Billion)
9.4 Clothing and Apparel
9.4.1 Overview
9.4.2 Clothing and Apparel Market Revenue, and Forecast to 2030 (US$ Billion)
9.5 Consumer Electronics
9.5.1 Overview
9.5.2 Consumer Electronics Market Revenue, and Forecast to 2030 (US$ Billion)
9.6 Toys/Hobbies/Sporting Goods
9.6.1 Overview
9.6.2 Toys/Hobbies/Sporting Goods Market Revenue, and Forecast to 2030 (US$ Billion)
9.7 Mass Merchants
9.7.1 Overview
9.7.2 Mass Merchants Market Revenue, and Forecast to 2030 (US$ Billion)
9.8 Jewelry
9.8.1 Overview
9.8.2 Jewelry Market Revenue, and Forecast to 2030 (US$ Billion)
9.9 Specialty
9.9.1 Overview
9.9.2 Specialty Market Revenue, and Forecast to 2030 (US$ Billion)
9.10 Automotive Parts and Accessories
9.10.1 Overview
9.10.2 Automotive Parts and Accessories Market Revenue, and Forecast to 2030 (US$ Billion)
9.11 Others
9.11.1 Overview
9.11.2 Others Market Revenue, and Forecast to 2030 (US$ Billion)
10. North America Last Mile Delivery Market - Country Analysis
10.1 Overview
10.1.1.1 North America Last Mile Delivery Market Revenue and Forecasts and Analysis - By Country
10.2 US
10.2.1 US Last Mile Delivery Market Overview
10.2.2 US Last Mile Delivery Market Revenue and Forecasts to 2030 (US$ Bn)
10.2.3 US Last Mile Delivery Market Breakdown by Type
10.2.3.1 US Last Mile Delivery Market Revenue and Forecasts and Analysis - By Type
10.2.4 US Last Mile Delivery Market Breakdown by Vehicle Type
10.2.4.1 US Last Mile Delivery Market Revenue and Forecasts and Analysis - By Vehicle Type
10.2.5 US Last Mile Delivery Market Breakdown by End user
10.2.5.1 US Last Mile Delivery Market Revenue and Forecasts and Analysis - By End user
10.3 Canada
10.3.1 Canada Last Mile Delivery Market Overview
10.3.1.1 Canada Last Mile Delivery Market Revenue and Forecasts to 2030 (US$ Bn)
10.3.2 Canada Last Mile Delivery Market Breakdown by Type
10.3.2.1 Canada Last Mile Delivery Market Breakdown by Type
10.3.3 Canada Last Mile Delivery Market Breakdown by Vehicle Type
10.3.3.1 Canada Last Mile Delivery Market Breakdown by Vehicle Type
10.3.4 Canada Last Mile Delivery Market Breakdown by End user
10.3.4.1 Canada Last Mile Delivery Market Breakdown by End user
10.4 Mexico
10.4.1 Mexico Last Mile Delivery Market Overview
10.4.1.1 Mexico Last Mile Delivery Market Revenue and Forecasts to 2030 (US$ Bn)
10.4.2 Mexico Last Mile Delivery Market Breakdown by Type
10.4.2.1 Mexico Last Mile Delivery Market Breakdown by Type
10.4.3 Mexico Last Mile Delivery Market Breakdown by Vehicle Type
10.4.3.1 Mexico Last Mile Delivery Market Breakdown by Vehicle Type
10.4.4 Mexico Last Mile Delivery Market Breakdown by End user
10.4.4.1 Mexico Last Mile Delivery Market Breakdown by End user
11. Last Mile Delivery Market – Impact of COVID-19 Pandemic
11.1 Pre & Post Covid-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions
14. Company Profiles
14.1 United Parcel Service Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 XPO Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 AIT Worldwide Logistics Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Purolator Inc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 J B Hunt Transport Services Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Canada Post Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Canpar Express Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 General Logistics Systems BV
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 AxleHire Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 CEVA Logistics AG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Intelcom Courrier Canada Inc
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 United Delivery Service Ltd
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 Better Trucks Inc
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
14.14 OnTrac Logistics Inc
14.14.1 Key Facts
14.14.2 Business Description
14.14.3 Products and Services
14.14.4 Financial Overview
14.14.5 SWOT Analysis
14.14.6 Key Developments
14.15 TForce Logistics LLC
14.15.1 Key Facts
14.15.2 Business Description
14.15.3 Products and Services
14.15.4 Financial Overview
14.15.5 SWOT Analysis
14.15.6 Key Developments
14.16 Lone Star Overnight LLC
14.16.1 Key Facts
14.16.2 Business Description
14.16.3 Products and Services
14.16.4 Financial Overview
14.16.5 SWOT Analysis
14.16.6 Key Developments
14.17 Amazon.com Inc
14.17.1 Key Facts
14.17.2 Business Description
14.17.3 Products and Services
14.17.4 Financial Overview
14.17.5 SWOT Analysis
14.17.6 Key Developments
14.18 SEKO Logistic LLC
14.18.1 Key Facts
14.18.2 Business Description
14.18.3 Products and Services
14.18.4 Financial Overview
14.18.5 SWOT Analysis
14.18.6 Key Developments
14.19 Deutsche Post AG
14.19.1 Key Facts
14.19.2 Business Description
14.19.3 Products and Services
14.19.4 Financial Overview
14.19.5 SWOT Analysis
14.19.6 Key Developments
14.20 FedEx Corp
14.20.1 Key Facts
14.20.2 Business Description
14.20.3 Products and Services
14.20.4 Financial Overview
14.20.5 SWOT Analysis
14.20.6 Key Developments
14.21 Pitney Bowes Inc
14.21.1 Key Facts
14.21.2 Business Description
14.21.3 Products and Services
14.21.4 Financial Overview
14.21.5 SWOT Analysis
14.21.6 Key Developments
14.22 Ryder System Inc
14.22.1 Key Facts
14.22.2 Business Description
14.22.3 Products and Services
14.22.4 Financial Overview
14.22.5 SWOT Analysis
14.22.6 Key Developments
14.23 Hub Group Inc
14.23.1 Key Facts
14.23.2 Business Description
14.23.3 Products and Services
14.23.4 Financial Overview
14.23.5 SWOT Analysis
14.23.6 Key Developments
14.24 Estes Forwarding Worldwide LLC
14.24.1 Key Facts
14.24.2 Business Description
14.24.3 Products and Services
14.24.4 Financial Overview
14.24.5 SWOT Analysis
14.24.6 Key Developments
14.25 AP Moller-Maersk AS
14.25.1 Key Facts
14.25.2 Business Description
14.25.3 Products and Services
14.25.4 Financial Overview
14.25.5 SWOT Analysis
14.25.6 Key Developments
15. Appendix
15.1 Word Index
List of Tables
Table 1. Last Mile Delivery Market Segmentation
Table 2. List of North America Last Mile Delivery Vendors
Table 3. Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Billion)
Table 4. Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Billion) – Type
Table 5. Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Billion) – Vehicle Type
Table 6. Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Billion) – End user
Table 7. North America Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By Country
Table 8. US Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By Type
Table 9. US Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By Vehicle Type
Table 10. US Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By End user
Table 11. Canada Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By Type
Table 12. Canada Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By Vehicle Type
Table 13. Canada Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By End user
Table 14. Mexico Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By Type
Table 15. Mexico Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By Vehicle Type
Table 16. Mexico Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn) – By End user
Table 17. Heat Map Analysis by Key Players
Table 18. List of Abbreviation
List of Figures
Figure 1. Last Mile Delivery Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Last Mile Delivery Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Last Mile Delivery Market Revenue Breakdown by Country, 2022 and 2030 (USD Billion)
Figure 6. Last Mile Delivery Market Revenue (US$ Billion), 2022 – 2030
Figure 7. Last Mile Delivery Market Share (%) – Type, 2022 and 2030
Figure 8. B2C Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 9. B2B Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 10. Last Mile Delivery Market Share (%) – Vehicle Type, 2022 and 2030
Figure 11. Motorcycle: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 12. Commercial Vehicle: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 13. Drones: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 14. Autonomous Ground Vehicles: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 15. Consumer Electronics: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 16. Last Mile Delivery Market Share (%) – End user, 2022 and 2030
Figure 17. Groceries: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 18. Home Essentials/Houseware and Home Furnishings: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 19. Restaurants Meals: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 20. Clothing and Apparel: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 21. Consumer Electronics: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 22. Toys/Hobbies/Sporting Goods: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 23. Mass Merchants: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 24. Jewelry: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 25. Specialty: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 26. Automotive Parts and Accessories: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 27. Others: Last Mile Delivery Market Revenue and Forecast to 2030 (US$ Billion)
Figure 28. Last Mile Delivery Market Breakdown by Country, 2022 and 2030 (%)
Figure 29. US Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn)
Figure 30. US Last Mile Delivery Market Breakdown by Type (2022 and 2030)
Figure 31. US Last Mile Delivery Market Breakdown by Vehicle Type (2022 and 2030)
Figure 32. US Last Mile Delivery Market Breakdown by End user (2022 and 2030)
Figure 33. Canada Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn)
Figure 34. Canada Last Mile Delivery Market Breakdown by Type (2022 and 2030)
Figure 35. Canada Last Mile Delivery Market Breakdown by Vehicle Type (2022 and 2030)
Figure 36. Canada Last Mile Delivery Market Breakdown by End user (2022 and 2030)
Figure 37. Mexico Last Mile Delivery Market Revenue and Forecasts To 2030 (US$ Bn)
Figure 38. Mexico Last Mile Delivery Market Breakdown by Type (2022 and 2030)
Figure 39. Mexico Last Mile Delivery Market Breakdown by Vehicle Type (2022 and 2030)
Figure 40. Mexico Last Mile Delivery Market Breakdown by End user (2022 and 2030)
Figure 41. Company Positioning & Concentration
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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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