The award management software is used by companies to professionally handle the full awards process, counting compilation, selection, and review of applications, along with submissions and judgment. The software collects and incorporates all information related to the award process. The award management platform attempts to reduce the ambiguity of the prevailing award programs and tries to incorporate a multitude of alternatives.
MARKET DYNAMICS
The increasing government requirement for grant management solutions is one of the significant factors driving the growth of the global award management software market. Additionally, the growing necessity to match award operations with the goals of organizations is also anticipated to propel the award management software market globally in the future.
MARKET SCOPE
The "Global Award Management Software Market Analysis to 2031" is a specialized and in-depth study of the award management software market with a special focus on the global market trend analysis. The report aims to provide an overview of award management software market with detailed market segmentation by component, functions, deployment type, organization size, end users. The global award management software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading award management software market players and offers key trends and opportunities in the award management software market.
MARKET SEGMENTATION
The global award management software market is segmented on the basis of component, functions, deployment type, organization size, end users. On the basis of component, the market is segmented as graphics solution, services. On the basis of functions, the market is segmented as entry management, judging management, reporting and analytics, others. On the basis of deployment type, the market is segmented as on-premises, cloud. On the basis of organization size, the market is segmented as small and medium-sized enterprises (SMEs), large enterprises. On the basis of end users, the market is segmented as government, educational institutes, corporations, industry associations, philanthropic organizations, 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 award management software 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 award management software 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 award management software 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 award management software 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 award management software 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 award management software 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 award management software 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 award management software market in these regions.
MARKET PLAYERS
The reports cover key developments in the award management software market as 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 award management software market are anticipated to lucrative growth opportunities in the future with the rising demand for award management software market. Below mentioned is the list of few companies engaged in the award management software market.
The report also includes the profiles of key award management software 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.
- AcclaimWorks
- Award Force
- Blackbaud, Inc.
- Currinda Pty Ltd
- Evalato
- Eventsforce
- Openwater Software, Inc.
- SmarterSelect
- Submittable Holdings, Inc.
- WizeHive, 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
1.3.1 Award Management Software Market - By Component
1.3.2 Award Management Software Market - By Functions
1.3.3 Award Management Software Market - By Deployment Types
1.3.4 Award Management Software Market - By Organization Size
1.3.5 Award Management Software Market - By End Users
1.3.6 Award Management Software Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AWARD MANAGEMENT SOFTWARE 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. AWARD MANAGEMENT SOFTWARE 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. AWARD MANAGEMENT SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. AWARD MANAGEMENT SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. AWARD MANAGEMENT SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AWARD MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. AWARD MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTIONS
8.1. OVERVIEW
8.2. FUNCTIONS MARKET FORECASTS AND ANALYSIS
8.3. ENTRY MANAGEMENT
8.3.1. Overview
8.3.2. Entry Management Market Forecast and Analysis
8.4. JUDGING MANAGEMENT
8.4.1. Overview
8.4.2. Judging Management Market Forecast and Analysis
8.5. REPORTING AND ANALYTICS
8.5.1. Overview
8.5.2. Reporting and Analytics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AWARD MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPES
9.1. OVERVIEW
9.2. DEPLOYMENT TYPES MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISES
9.3.1. Overview
9.3.2. On-premises Market Forecast and Analysis
9.4. CLOUD
9.4.1. Overview
9.4.2. Cloud Market Forecast and Analysis
10. AWARD MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
10.1. OVERVIEW
10.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
10.3. SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
10.3.1. Overview
10.3.2. Small and Medium-sized Enterprises (SMEs) Market Forecast and Analysis
10.4. LARGE ENTERPRISES
10.4.1. Overview
10.4.2. Large enterprises Market Forecast and Analysis
11. AWARD MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END USERS
11.1. OVERVIEW
11.2. END USERS MARKET FORECASTS AND ANALYSIS
11.3. GOVERNMENT
11.3.1. Overview
11.3.2. Government Market Forecast and Analysis
11.4. EDUCATIONAL INSTITUTES
11.4.1. Overview
11.4.2. Educational Institutes Market Forecast and Analysis
11.5. CORPORATIONS
11.5.1. Overview
11.5.2. Corporations Market Forecast and Analysis
11.6. INDUSTRY ASSOCIATIONS
11.6.1. Overview
11.6.2. Industry Associations Market Forecast and Analysis
11.7. PHILANTHROPIC ORGANIZATIONS
11.7.1. Overview
11.7.2. Philanthropic Organizations Market Forecast and Analysis
11.8. OTHERS
11.8.1. Overview
11.8.2. Others Market Forecast and Analysis
12. AWARD MANAGEMENT SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Award Management Software Market Overview
12.1.2 North America Award Management Software Market Forecasts and Analysis
12.1.3 North America Award Management Software Market Forecasts and Analysis - By Component
12.1.4 North America Award Management Software Market Forecasts and Analysis - By Functions
12.1.5 North America Award Management Software Market Forecasts and Analysis - By Deployment Types
12.1.6 North America Award Management Software Market Forecasts and Analysis - By Organization Size
12.1.7 North America Award Management Software Market Forecasts and Analysis - By End Users
12.1.8 North America Award Management Software Market Forecasts and Analysis - By Countries
12.1.8.1 United States Award Management Software Market
12.1.8.1.1 United States Award Management Software Market by Component
12.1.8.1.2 United States Award Management Software Market by Functions
12.1.8.1.3 United States Award Management Software Market by Deployment Types
12.1.8.1.4 United States Award Management Software Market by Organization Size
12.1.8.1.5 United States Award Management Software Market by End Users
12.1.8.2 Canada Award Management Software Market
12.1.8.2.1 Canada Award Management Software Market by Component
12.1.8.2.2 Canada Award Management Software Market by Functions
12.1.8.2.3 Canada Award Management Software Market by Deployment Types
12.1.8.2.4 Canada Award Management Software Market by Organization Size
12.1.8.2.5 Canada Award Management Software Market by End Users
12.1.8.3 Mexico Award Management Software Market
12.1.8.3.1 Mexico Award Management Software Market by Component
12.1.8.3.2 Mexico Award Management Software Market by Functions
12.1.8.3.3 Mexico Award Management Software Market by Deployment Types
12.1.8.3.4 Mexico Award Management Software Market by Organization Size
12.1.8.3.5 Mexico Award Management Software Market by End Users
12.2. EUROPE
12.2.1 Europe Award Management Software Market Overview
12.2.2 Europe Award Management Software Market Forecasts and Analysis
12.2.3 Europe Award Management Software Market Forecasts and Analysis - By Component
12.2.4 Europe Award Management Software Market Forecasts and Analysis - By Functions
12.2.5 Europe Award Management Software Market Forecasts and Analysis - By Deployment Types
12.2.6 Europe Award Management Software Market Forecasts and Analysis - By Organization Size
12.2.7 Europe Award Management Software Market Forecasts and Analysis - By End Users
12.2.8 Europe Award Management Software Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Award Management Software Market
12.2.8.1.1 Germany Award Management Software Market by Component
12.2.8.1.2 Germany Award Management Software Market by Functions
12.2.8.1.3 Germany Award Management Software Market by Deployment Types
12.2.8.1.4 Germany Award Management Software Market by Organization Size
12.2.8.1.5 Germany Award Management Software Market by End Users
12.2.8.2 France Award Management Software Market
12.2.8.2.1 France Award Management Software Market by Component
12.2.8.2.2 France Award Management Software Market by Functions
12.2.8.2.3 France Award Management Software Market by Deployment Types
12.2.8.2.4 France Award Management Software Market by Organization Size
12.2.8.2.5 France Award Management Software Market by End Users
12.2.8.3 Italy Award Management Software Market
12.2.8.3.1 Italy Award Management Software Market by Component
12.2.8.3.2 Italy Award Management Software Market by Functions
12.2.8.3.3 Italy Award Management Software Market by Deployment Types
12.2.8.3.4 Italy Award Management Software Market by Organization Size
12.2.8.3.5 Italy Award Management Software Market by End Users
12.2.8.4 United Kingdom Award Management Software Market
12.2.8.4.1 United Kingdom Award Management Software Market by Component
12.2.8.4.2 United Kingdom Award Management Software Market by Functions
12.2.8.4.3 United Kingdom Award Management Software Market by Deployment Types
12.2.8.4.4 United Kingdom Award Management Software Market by Organization Size
12.2.8.4.5 United Kingdom Award Management Software Market by End Users
12.2.8.5 Russia Award Management Software Market
12.2.8.5.1 Russia Award Management Software Market by Component
12.2.8.5.2 Russia Award Management Software Market by Functions
12.2.8.5.3 Russia Award Management Software Market by Deployment Types
12.2.8.5.4 Russia Award Management Software Market by Organization Size
12.2.8.5.5 Russia Award Management Software Market by End Users
12.2.8.6 Rest of Europe Award Management Software Market
12.2.8.6.1 Rest of Europe Award Management Software Market by Component
12.2.8.6.2 Rest of Europe Award Management Software Market by Functions
12.2.8.6.3 Rest of Europe Award Management Software Market by Deployment Types
12.2.8.6.4 Rest of Europe Award Management Software Market by Organization Size
12.2.8.6.5 Rest of Europe Award Management Software Market by End Users
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Award Management Software Market Overview
12.3.2 Asia-Pacific Award Management Software Market Forecasts and Analysis
12.3.3 Asia-Pacific Award Management Software Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific Award Management Software Market Forecasts and Analysis - By Functions
12.3.5 Asia-Pacific Award Management Software Market Forecasts and Analysis - By Deployment Types
12.3.6 Asia-Pacific Award Management Software Market Forecasts and Analysis - By Organization Size
12.3.7 Asia-Pacific Award Management Software Market Forecasts and Analysis - By End Users
12.3.8 Asia-Pacific Award Management Software Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Award Management Software Market
12.3.8.1.1 Australia Award Management Software Market by Component
12.3.8.1.2 Australia Award Management Software Market by Functions
12.3.8.1.3 Australia Award Management Software Market by Deployment Types
12.3.8.1.4 Australia Award Management Software Market by Organization Size
12.3.8.1.5 Australia Award Management Software Market by End Users
12.3.8.2 China Award Management Software Market
12.3.8.2.1 China Award Management Software Market by Component
12.3.8.2.2 China Award Management Software Market by Functions
12.3.8.2.3 China Award Management Software Market by Deployment Types
12.3.8.2.4 China Award Management Software Market by Organization Size
12.3.8.2.5 China Award Management Software Market by End Users
12.3.8.3 India Award Management Software Market
12.3.8.3.1 India Award Management Software Market by Component
12.3.8.3.2 India Award Management Software Market by Functions
12.3.8.3.3 India Award Management Software Market by Deployment Types
12.3.8.3.4 India Award Management Software Market by Organization Size
12.3.8.3.5 India Award Management Software Market by End Users
12.3.8.4 Japan Award Management Software Market
12.3.8.4.1 Japan Award Management Software Market by Component
12.3.8.4.2 Japan Award Management Software Market by Functions
12.3.8.4.3 Japan Award Management Software Market by Deployment Types
12.3.8.4.4 Japan Award Management Software Market by Organization Size
12.3.8.4.5 Japan Award Management Software Market by End Users
12.3.8.5 South Korea Award Management Software Market
12.3.8.5.1 South Korea Award Management Software Market by Component
12.3.8.5.2 South Korea Award Management Software Market by Functions
12.3.8.5.3 South Korea Award Management Software Market by Deployment Types
12.3.8.5.4 South Korea Award Management Software Market by Organization Size
12.3.8.5.5 South Korea Award Management Software Market by End Users
12.3.8.6 Rest of Asia-Pacific Award Management Software Market
12.3.8.6.1 Rest of Asia-Pacific Award Management Software Market by Component
12.3.8.6.2 Rest of Asia-Pacific Award Management Software Market by Functions
12.3.8.6.3 Rest of Asia-Pacific Award Management Software Market by Deployment Types
12.3.8.6.4 Rest of Asia-Pacific Award Management Software Market by Organization Size
12.3.8.6.5 Rest of Asia-Pacific Award Management Software Market by End Users
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Award Management Software Market Overview
12.4.2 Middle East and Africa Award Management Software Market Forecasts and Analysis
12.4.3 Middle East and Africa Award Management Software Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa Award Management Software Market Forecasts and Analysis - By Functions
12.4.5 Middle East and Africa Award Management Software Market Forecasts and Analysis - By Deployment Types
12.4.6 Middle East and Africa Award Management Software Market Forecasts and Analysis - By Organization Size
12.4.7 Middle East and Africa Award Management Software Market Forecasts and Analysis - By End Users
12.4.8 Middle East and Africa Award Management Software Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Award Management Software Market
12.4.8.1.1 South Africa Award Management Software Market by Component
12.4.8.1.2 South Africa Award Management Software Market by Functions
12.4.8.1.3 South Africa Award Management Software Market by Deployment Types
12.4.8.1.4 South Africa Award Management Software Market by Organization Size
12.4.8.1.5 South Africa Award Management Software Market by End Users
12.4.8.2 Saudi Arabia Award Management Software Market
12.4.8.2.1 Saudi Arabia Award Management Software Market by Component
12.4.8.2.2 Saudi Arabia Award Management Software Market by Functions
12.4.8.2.3 Saudi Arabia Award Management Software Market by Deployment Types
12.4.8.2.4 Saudi Arabia Award Management Software Market by Organization Size
12.4.8.2.5 Saudi Arabia Award Management Software Market by End Users
12.4.8.3 U.A.E Award Management Software Market
12.4.8.3.1 U.A.E Award Management Software Market by Component
12.4.8.3.2 U.A.E Award Management Software Market by Functions
12.4.8.3.3 U.A.E Award Management Software Market by Deployment Types
12.4.8.3.4 U.A.E Award Management Software Market by Organization Size
12.4.8.3.5 U.A.E Award Management Software Market by End Users
12.4.8.4 Rest of Middle East and Africa Award Management Software Market
12.4.8.4.1 Rest of Middle East and Africa Award Management Software Market by Component
12.4.8.4.2 Rest of Middle East and Africa Award Management Software Market by Functions
12.4.8.4.3 Rest of Middle East and Africa Award Management Software Market by Deployment Types
12.4.8.4.4 Rest of Middle East and Africa Award Management Software Market by Organization Size
12.4.8.4.5 Rest of Middle East and Africa Award Management Software Market by End Users
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Award Management Software Market Overview
12.5.2 South and Central America Award Management Software Market Forecasts and Analysis
12.5.3 South and Central America Award Management Software Market Forecasts and Analysis - By Component
12.5.4 South and Central America Award Management Software Market Forecasts and Analysis - By Functions
12.5.5 South and Central America Award Management Software Market Forecasts and Analysis - By Deployment Types
12.5.6 South and Central America Award Management Software Market Forecasts and Analysis - By Organization Size
12.5.7 South and Central America Award Management Software Market Forecasts and Analysis - By End Users
12.5.8 South and Central America Award Management Software Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Award Management Software Market
12.5.8.1.1 Brazil Award Management Software Market by Component
12.5.8.1.2 Brazil Award Management Software Market by Functions
12.5.8.1.3 Brazil Award Management Software Market by Deployment Types
12.5.8.1.4 Brazil Award Management Software Market by Organization Size
12.5.8.1.5 Brazil Award Management Software Market by End Users
12.5.8.2 Argentina Award Management Software Market
12.5.8.2.1 Argentina Award Management Software Market by Component
12.5.8.2.2 Argentina Award Management Software Market by Functions
12.5.8.2.3 Argentina Award Management Software Market by Deployment Types
12.5.8.2.4 Argentina Award Management Software Market by Organization Size
12.5.8.2.5 Argentina Award Management Software Market by End Users
12.5.8.3 Rest of South and Central America Award Management Software Market
12.5.8.3.1 Rest of South and Central America Award Management Software Market by Component
12.5.8.3.2 Rest of South and Central America Award Management Software Market by Functions
12.5.8.3.3 Rest of South and Central America Award Management Software Market by Deployment Types
12.5.8.3.4 Rest of South and Central America Award Management Software Market by Organization Size
12.5.8.3.5 Rest of South and Central America Award Management Software Market by End Users
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. AWARD MANAGEMENT SOFTWARE MARKET, KEY COMPANY PROFILES
14.1. ACCLAIMWORKS
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. AWARD FORCE
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. BLACKBAUD, 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. CURRINDA PTY LTD
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. EVALATO
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. EVENTSFORCE
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. OPENWATER SOFTWARE, 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. SMARTERSELECT
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. SUBMITTABLE HOLDINGS, 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. WIZEHIVE, INC.
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
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. AcclaimWorks
2. Award Force
3. Blackbaud, Inc.
4. Currinda Pty Ltd
5. Evalato
6. Eventsforce
7.Openwater Software, Inc.
8. SmarterSelect
9. Submittable Holdings, Inc.
10. WizeHive, 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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