Product Lifecycle Management (PLM) is a process of controlling the product lifecycle using several industrial designs and manufacturing activities. Product lifecycle management is the basis for the digital thread, delivering supply chain agility and business continuity. The incorporation of cloud computing into the PLM market has served industries and managing the product portfolio along with catering customers with its brief description. Cloud product lifecycle management allows easier, faster, and more authentic collaboration between all teams. It gives role-based policy access to assure everyone only has a way to the information they need, which preserves the OEM's intellectual property (IP) at all times.
MARKET DYNAMICS
The increase in demand for cloud-based PLM can be attributed to factors such as customer management, integration into ERP system, Internet of Things (IoT), 3D printing, managing re-engineering in real-time, and vendor management. All these applications are expected to boost the market in the forecasted period. Furthermore, the implementation of cloud-based PLM automates the lifecycle to assure maximum outputs. Also, the implementation of this software at a large scale offers advantages such as process management, projecting profitability, and automation.
MARKET SCOPE
The "Global Cloud Based PLM Market Analysis to 2028" is a specialized and in-depth study of the cloud based PLM market with a special focus on the global market trend analysis. The report aims to provide an overview of cloud based PLM market with detailed market segmentation by organization size, application, vertical. The global cloud based PLM market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cloud based PLM market player and offers key trends and opportunities in the cloud based PLM market.
MARKET SEGMENTATION
The global cloud based PLM market is segmented on the basis of organization size, application, vertical. On the basis of organization size, market is segmented as large enterprises, SMEs. On the basis of application, market is segmented as portfolio management, product data management, collaborative design and engineering, customer management, compliance management, others. On the basis of vertical, market is segmented as retail and consumer goods, energy and utilities, industrial machinery and heavy equipment, telecommunication and IT, automotive and transportation, semiconductor and electronics, 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 cloud based PLM market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cloud based PLM 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 cloud based PLM 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 cloud based PLM 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 cloud based PLM market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cloud based PLM 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 cloud based PLM 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 cloud based PLM market in these regions.
MARKET PLAYERS
The reports cover key developments in the cloud based PLM market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from cloud based PLM market are anticipated to lucrative growth opportunities in the future with the rising demand for cloud based PLM market. Below mentioned is the list of few companies engaged in the cloud based PLM market.
The report also includes the profiles of key cloud based PLM 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.
- Dassault Systemes
- Siemens AG
- PTC Inc
- Oracle Corporation
- SAP SE
- Autodesk, Inc
- Arena Solutions, Inc
- Aras
- Infor
- Accenture PLC
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
1.3.1Cloud-Based PLM Market - By Organization Size
1.3.2Cloud-Based PLM Market - By Application
1.3.3Cloud-Based PLM Market - By Vertical
1.3.4Cloud-Based PLM Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.CLOUD-BASED PLM MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.CLOUD-BASED PLM 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.CLOUD-BASED PLM MARKET - GLOBAL MARKET ANALYSIS
6.1.CLOUD-BASED PLM - GLOBAL MARKET OVERVIEW
6.2.CLOUD-BASED PLM - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CLOUD-BASED PLM MARKET - REVENUE AND FORECASTS TO 2028 â" ORGANIZATION SIZE
7.1.OVERVIEW
7.2.ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
7.3.LARGE ENTERPRISE
7.3.1.Overview
7.3.2.Large Enterprise Market Forecast and Analysis
7.4.SMES
7.4.1.Overview
7.4.2.SMEs Market Forecast and Analysis
8.CLOUD-BASED PLM MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PORTFOLIO MANAGEMENT
8.3.1.Overview
8.3.2.Portfolio Management Market Forecast and Analysis
8.4.PRODUCT DATA MANAGEMENT
8.4.1.Overview
8.4.2.Product Data Management Market Forecast and Analysis
8.5.COLLABORATIVE DESIGN AND ENGINEERING
8.5.1.Overview
8.5.2.Collaborative Design and Engineering Market Forecast and Analysis
8.6.CUSTOMER MANAGEMENT
8.6.1.Overview
8.6.2.Customer Management Market Forecast and Analysis
8.7.COMPLIANCE MANAGEMENT
8.7.1.Overview
8.7.2.Compliance Management Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.CLOUD-BASED PLM MARKET - REVENUE AND FORECASTS TO 2028 â" VERTICAL
9.1.OVERVIEW
9.2.VERTICAL MARKET FORECASTS AND ANALYSIS
9.3.RETAIL AND CONSUMER GOODS
9.3.1.Overview
9.3.2.Retail and Consumer Goods Market Forecast and Analysis
9.4.ENERGY AND UTILITIES
9.4.1.Overview
9.4.2.Energy and Utilities Market Forecast and Analysis
9.5.INDUSTRIAL MACHINERY AND HEAVY EQUIPMENT
9.5.1.Overview
9.5.2.Industrial Machinery and Heavy Equipment Market Forecast and Analysis
9.6.TELECOMMUNICATION AND IT
9.6.1.Overview
9.6.2.Telecommunication and IT Market Forecast and Analysis
9.7.AUTOMOTIVE AND TRANSPORTATION
9.7.1.Overview
9.7.2.Automotive and Transportation Market Forecast and Analysis
9.8.SEMICONDUCTOR AND ELECTRONICS
9.8.1.Overview
9.8.2.Semiconductor and Electronics Market Forecast and Analysis
9.9.OTHERS
9.9.1.Overview
9.9.2.Others Market Forecast and Analysis
10.CLOUD-BASED PLM MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Cloud-Based PLM Market Overview
10.1.2North America Cloud-Based PLM Market Forecasts and Analysis
10.1.3North America Cloud-Based PLM Market Forecasts and Analysis - By Organization Size
10.1.4North America Cloud-Based PLM Market Forecasts and Analysis - By Application
10.1.5North America Cloud-Based PLM Market Forecasts and Analysis - By Vertical
10.1.6North America Cloud-Based PLM Market Forecasts and Analysis - By Countries
10.1.6.1United States Cloud-Based PLM Market
10.1.6.1.1United States Cloud-Based PLM Market by Organization Size
10.1.6.1.2United States Cloud-Based PLM Market by Application
10.1.6.1.3United States Cloud-Based PLM Market by Vertical
10.1.6.2Canada Cloud-Based PLM Market
10.1.6.2.1Canada Cloud-Based PLM Market by Organization Size
10.1.6.2.2Canada Cloud-Based PLM Market by Application
10.1.6.2.3Canada Cloud-Based PLM Market by Vertical
10.1.6.3Mexico Cloud-Based PLM Market
10.1.6.3.1Mexico Cloud-Based PLM Market by Organization Size
10.1.6.3.2Mexico Cloud-Based PLM Market by Application
10.1.6.3.3Mexico Cloud-Based PLM Market by Vertical
10.2.EUROPE
10.2.1Europe Cloud-Based PLM Market Overview
10.2.2Europe Cloud-Based PLM Market Forecasts and Analysis
10.2.3Europe Cloud-Based PLM Market Forecasts and Analysis - By Organization Size
10.2.4Europe Cloud-Based PLM Market Forecasts and Analysis - By Application
10.2.5Europe Cloud-Based PLM Market Forecasts and Analysis - By Vertical
10.2.6Europe Cloud-Based PLM Market Forecasts and Analysis - By Countries
10.2.6.1Germany Cloud-Based PLM Market
10.2.6.1.1Germany Cloud-Based PLM Market by Organization Size
10.2.6.1.2Germany Cloud-Based PLM Market by Application
10.2.6.1.3Germany Cloud-Based PLM Market by Vertical
10.2.6.2France Cloud-Based PLM Market
10.2.6.2.1France Cloud-Based PLM Market by Organization Size
10.2.6.2.2France Cloud-Based PLM Market by Application
10.2.6.2.3France Cloud-Based PLM Market by Vertical
10.2.6.3Italy Cloud-Based PLM Market
10.2.6.3.1Italy Cloud-Based PLM Market by Organization Size
10.2.6.3.2Italy Cloud-Based PLM Market by Application
10.2.6.3.3Italy Cloud-Based PLM Market by Vertical
10.2.6.4United Kingdom Cloud-Based PLM Market
10.2.6.4.1United Kingdom Cloud-Based PLM Market by Organization Size
10.2.6.4.2United Kingdom Cloud-Based PLM Market by Application
10.2.6.4.3United Kingdom Cloud-Based PLM Market by Vertical
10.2.6.5Russia Cloud-Based PLM Market
10.2.6.5.1Russia Cloud-Based PLM Market by Organization Size
10.2.6.5.2Russia Cloud-Based PLM Market by Application
10.2.6.5.3Russia Cloud-Based PLM Market by Vertical
10.2.6.6Rest of Europe Cloud-Based PLM Market
10.2.6.6.1Rest of Europe Cloud-Based PLM Market by Organization Size
10.2.6.6.2Rest of Europe Cloud-Based PLM Market by Application
10.2.6.6.3Rest of Europe Cloud-Based PLM Market by Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Cloud-Based PLM Market Overview
10.3.2Asia-Pacific Cloud-Based PLM Market Forecasts and Analysis
10.3.3Asia-Pacific Cloud-Based PLM Market Forecasts and Analysis - By Organization Size
10.3.4Asia-Pacific Cloud-Based PLM Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Cloud-Based PLM Market Forecasts and Analysis - By Vertical
10.3.6Asia-Pacific Cloud-Based PLM Market Forecasts and Analysis - By Countries
10.3.6.1Australia Cloud-Based PLM Market
10.3.6.1.1Australia Cloud-Based PLM Market by Organization Size
10.3.6.1.2Australia Cloud-Based PLM Market by Application
10.3.6.1.3Australia Cloud-Based PLM Market by Vertical
10.3.6.2China Cloud-Based PLM Market
10.3.6.2.1China Cloud-Based PLM Market by Organization Size
10.3.6.2.2China Cloud-Based PLM Market by Application
10.3.6.2.3China Cloud-Based PLM Market by Vertical
10.3.6.3India Cloud-Based PLM Market
10.3.6.3.1India Cloud-Based PLM Market by Organization Size
10.3.6.3.2India Cloud-Based PLM Market by Application
10.3.6.3.3India Cloud-Based PLM Market by Vertical
10.3.6.4Japan Cloud-Based PLM Market
10.3.6.4.1Japan Cloud-Based PLM Market by Organization Size
10.3.6.4.2Japan Cloud-Based PLM Market by Application
10.3.6.4.3Japan Cloud-Based PLM Market by Vertical
10.3.6.5South Korea Cloud-Based PLM Market
10.3.6.5.1South Korea Cloud-Based PLM Market by Organization Size
10.3.6.5.2South Korea Cloud-Based PLM Market by Application
10.3.6.5.3South Korea Cloud-Based PLM Market by Vertical
10.3.6.6Rest of Asia-Pacific Cloud-Based PLM Market
10.3.6.6.1Rest of Asia-Pacific Cloud-Based PLM Market by Organization Size
10.3.6.6.2Rest of Asia-Pacific Cloud-Based PLM Market by Application
10.3.6.6.3Rest of Asia-Pacific Cloud-Based PLM Market by Vertical
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Cloud-Based PLM Market Overview
10.4.2Middle East and Africa Cloud-Based PLM Market Forecasts and Analysis
10.4.3Middle East and Africa Cloud-Based PLM Market Forecasts and Analysis - By Organization Size
10.4.4Middle East and Africa Cloud-Based PLM Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Cloud-Based PLM Market Forecasts and Analysis - By Vertical
10.4.6Middle East and Africa Cloud-Based PLM Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Cloud-Based PLM Market
10.4.6.1.1South Africa Cloud-Based PLM Market by Organization Size
10.4.6.1.2South Africa Cloud-Based PLM Market by Application
10.4.6.1.3South Africa Cloud-Based PLM Market by Vertical
10.4.6.2Saudi Arabia Cloud-Based PLM Market
10.4.6.2.1Saudi Arabia Cloud-Based PLM Market by Organization Size
10.4.6.2.2Saudi Arabia Cloud-Based PLM Market by Application
10.4.6.2.3Saudi Arabia Cloud-Based PLM Market by Vertical
10.4.6.3U.A.E Cloud-Based PLM Market
10.4.6.3.1U.A.E Cloud-Based PLM Market by Organization Size
10.4.6.3.2U.A.E Cloud-Based PLM Market by Application
10.4.6.3.3U.A.E Cloud-Based PLM Market by Vertical
10.4.6.4Rest of Middle East and Africa Cloud-Based PLM Market
10.4.6.4.1Rest of Middle East and Africa Cloud-Based PLM Market by Organization Size
10.4.6.4.2Rest of Middle East and Africa Cloud-Based PLM Market by Application
10.4.6.4.3Rest of Middle East and Africa Cloud-Based PLM Market by Vertical
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Cloud-Based PLM Market Overview
10.5.2South and Central America Cloud-Based PLM Market Forecasts and Analysis
10.5.3South and Central America Cloud-Based PLM Market Forecasts and Analysis - By Organization Size
10.5.4South and Central America Cloud-Based PLM Market Forecasts and Analysis - By Application
10.5.5South and Central America Cloud-Based PLM Market Forecasts and Analysis - By Vertical
10.5.6South and Central America Cloud-Based PLM Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Cloud-Based PLM Market
10.5.6.1.1Brazil Cloud-Based PLM Market by Organization Size
10.5.6.1.2Brazil Cloud-Based PLM Market by Application
10.5.6.1.3Brazil Cloud-Based PLM Market by Vertical
10.5.6.2Argentina Cloud-Based PLM Market
10.5.6.2.1Argentina Cloud-Based PLM Market by Organization Size
10.5.6.2.2Argentina Cloud-Based PLM Market by Application
10.5.6.2.3Argentina Cloud-Based PLM Market by Vertical
10.5.6.3Rest of South and Central America Cloud-Based PLM Market
10.5.6.3.1Rest of South and Central America Cloud-Based PLM Market by Organization Size
10.5.6.3.2Rest of South and Central America Cloud-Based PLM Market by Application
10.5.6.3.3Rest of South and Central America Cloud-Based PLM 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.CLOUD-BASED PLM MARKET, KEY COMPANY PROFILES
12.1.DASSAULT SYSTEMES
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.SIEMENS AG
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.PTC INC
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.ORACLE CORPORATION
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.SAP SE
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.AUTODESK, 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.ARENA SOLUTIONS, INC
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.ARAS
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.INFOR
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.ACCENTURE PLC
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. Dassault Systemes
2. Siemens AG
3. PTC Inc
4. Oracle Corporation
5. SAP SE
6. Autodesk, Inc
7. Arena Solutions, Inc
8. Aras
9. Infor
10. Accenture PLC
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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Apr 2024
Staffing and Recruitment Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Staffing Type (Permanent and Temporary), Recruitment Channel (Online, Hybrid, and Offline), and End User (IT & Telecom, BFSI, Healthcare, Retail & E-Commerce, and Others)