Corporate Wellness Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Corporate Wellness Market covers analysis By Service (Health Risk Assessment, Fitness Services, Smoking Cessation, Health Screening, Nutrition and Weight Management, Stress Management, Alcohol and Drug Abuse Services, Health Education Services, Others); Category (Fitness and Nutrition Consultants, Psychological Therapists, Organizations/Employers); End User (Small-scale Organizations, Medium-scale Organizations, Large-scale Organizations) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00007343
  • Category : Healthcare IT
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Corporate wellness programmes are designed and implemented in corporate workplaces to help employees better understand their health risks, engage in healthy workplace behaviour, and save money on healthcare. Corporates are progressively using these programmes in order to boost productivity, reduce absenteeism, and boost employee morale and quality of work. Globally rising prevalence of obesity, overweight, smoking, and other lifestyle disorders, as well as a growing number of white-collar workers and private sector capex, are propelling the corporate wellness market forward.

MARKET SCOPE

The Global Corporate Wellness Market Analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the corporate wellness market with detailed market segmentation by service, category and end user. The report provides key statistics on the market status of the leading corporate wellness market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on service the market is segmented as, Health Risk Assessment, Fitness Services, Smoking Cessation, Health Screening, Nutrition and Weight Management, Stress Management, Alcohol and Drug Abuse Services, Health Education Services, Others.
  •   Based on category the market is segmented as, Fitness and Nutrition Consultants, Psychological Therapists, Organizations/Employers.
  •   Based on end user the market is segmented as, Small-scale Organizations, Medium-scale Organizations, Large-scale Organizations.

MARKET DYNAMICS
Drivers:

  •   Rising adoptions of corporate wellness programs to promote wellbeing of employees.
  •   Rising prevalence pf obesity and lifestyle related disorders.
  •   Adoption of technology powered corporate wellness solutions to maintain work life balance.
  •   Corporate offices arrange such program to keep their employess both physically and mentally healthy along with reduce healthcare costs.

Restraints:

  •   However, dearth of skilled licenced professionals is expected to restrain market growth during the forecast period.


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The corporate wellness market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the corporate wellness market in these regions.

IMPACT OF COVID-19 ON CORPORATE WELLNESS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The corporate wellness market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the corporate wellness market in these regions.

IMPACT OF COVID-19 ON CORPORATE WELLNESS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the corporate wellness 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from corporate wellness market are anticipated to lucrative growth opportunities in the future with the rising demand for Corporate wellness in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the corporate wellness market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Wellness Corporate Solutions
  •   Well Nation
  •   Virgin Pulse
  •   ComPsych Corporation
  •   Aduro
  •   Beacon Health Options
  •   EXOS
  •   Fitbit, Inc
  •   LifeWorks, Inc
  •   Central Corporate Wellness
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.
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Corporate Wellness Market - By Service
1.3.2 Corporate Wellness Market - By Category
1.3.3 Corporate Wellness Market - By End User
1.3.4 Corporate Wellness Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. CORPORATE WELLNESS 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. EXPERT OPINIONS

5. CORPORATE WELLNESS 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. CORPORATE WELLNESS MARKET - GLOBAL MARKET ANALYSIS
6.1. CORPORATE WELLNESS - GLOBAL MARKET OVERVIEW
6.2. CORPORATE WELLNESS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. CORPORATE WELLNESS MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
7.1. OVERVIEW
7.2. SERVICE MARKET FORECASTS AND ANALYSIS
7.3. HEALTH RISK ASSESSMENT
7.3.1. Overview
7.3.2. Health Risk Assessment Market Forecast and Analysis
7.4. FITNESS SERVICES
7.4.1. Overview
7.4.2. Fitness Services Market Forecast and Analysis
7.5. SMOKING CESSATION
7.5.1. Overview
7.5.2. Smoking Cessation Market Forecast and Analysis
7.6. HEALTH SCREENING
7.6.1. Overview
7.6.2. Health Screening Market Forecast and Analysis
7.7. NUTRITION AND WEIGHT MANAGEMENT
7.7.1. Overview
7.7.2. Nutrition and Weight Management Market Forecast and Analysis
7.8. STRESS MANAGEMENT
7.8.1. Overview
7.8.2. Stress Management Market Forecast and Analysis
7.9. ALCOHOL AND DRUG ABUSE SERVICES
7.9.1. Overview
7.9.2. Alcohol and Drug Abuse Services Market Forecast and Analysis
7.10. HEALTH EDUCATION SERVICES
7.10.1. Overview
7.10.2. Health Education Services Market Forecast and Analysis
7.11. OTHERS
7.11.1. Overview
7.11.2. Others Market Forecast and Analysis
8. CORPORATE WELLNESS MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
8.1. OVERVIEW
8.2. CATEGORY MARKET FORECASTS AND ANALYSIS
8.3. FITNESS AND NUTRITION CONSULTANTS
8.3.1. Overview
8.3.2. Fitness and Nutrition Consultants Market Forecast and Analysis
8.4. PSYCHOLOGICAL THERAPISTS
8.4.1. Overview
8.4.2. Psychological Therapists Market Forecast and Analysis
8.5. ORGANIZATIONS/EMPLOYERS
8.5.1. Overview
8.5.2. Organizations/Employers Market Forecast and Analysis
9. CORPORATE WELLNESS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. SMALL-SCALE ORGANIZATIONS
9.3.1. Overview
9.3.2. Small-scale Organizations Market Forecast and Analysis
9.4. MEDIUM-SCALE ORGANIZATIONS
9.4.1. Overview
9.4.2. Medium-scale Organizations Market Forecast and Analysis
9.5. LARGE-SCALE ORGANIZATIONS
9.5.1. Overview
9.5.2. Large-scale Organizations Market Forecast and Analysis

10. CORPORATE WELLNESS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Corporate Wellness Market Overview
10.1.2 North America Corporate Wellness Market Forecasts and Analysis
10.1.3 North America Corporate Wellness Market Forecasts and Analysis - By Service
10.1.4 North America Corporate Wellness Market Forecasts and Analysis - By Category
10.1.5 North America Corporate Wellness Market Forecasts and Analysis - By End User
10.1.6 North America Corporate Wellness Market Forecasts and Analysis - By Countries
10.1.6.1 United States Corporate Wellness Market
10.1.6.1.1 United States Corporate Wellness Market by Service
10.1.6.1.2 United States Corporate Wellness Market by Category
10.1.6.1.3 United States Corporate Wellness Market by End User
10.1.6.2 Canada Corporate Wellness Market
10.1.6.2.1 Canada Corporate Wellness Market by Service
10.1.6.2.2 Canada Corporate Wellness Market by Category
10.1.6.2.3 Canada Corporate Wellness Market by End User
10.1.6.3 Mexico Corporate Wellness Market
10.1.6.3.1 Mexico Corporate Wellness Market by Service
10.1.6.3.2 Mexico Corporate Wellness Market by Category
10.1.6.3.3 Mexico Corporate Wellness Market by End User
10.2. EUROPE
10.2.1 Europe Corporate Wellness Market Overview
10.2.2 Europe Corporate Wellness Market Forecasts and Analysis
10.2.3 Europe Corporate Wellness Market Forecasts and Analysis - By Service
10.2.4 Europe Corporate Wellness Market Forecasts and Analysis - By Category
10.2.5 Europe Corporate Wellness Market Forecasts and Analysis - By End User
10.2.6 Europe Corporate Wellness Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Corporate Wellness Market
10.2.6.1.1 Germany Corporate Wellness Market by Service
10.2.6.1.2 Germany Corporate Wellness Market by Category
10.2.6.1.3 Germany Corporate Wellness Market by End User
10.2.6.2 France Corporate Wellness Market
10.2.6.2.1 France Corporate Wellness Market by Service
10.2.6.2.2 France Corporate Wellness Market by Category
10.2.6.2.3 France Corporate Wellness Market by End User
10.2.6.3 Italy Corporate Wellness Market
10.2.6.3.1 Italy Corporate Wellness Market by Service
10.2.6.3.2 Italy Corporate Wellness Market by Category
10.2.6.3.3 Italy Corporate Wellness Market by End User
10.2.6.4 Spain Corporate Wellness Market
10.2.6.4.1 Spain Corporate Wellness Market by Service
10.2.6.4.2 Spain Corporate Wellness Market by Category
10.2.6.4.3 Spain Corporate Wellness Market by End User
10.2.6.5 United Kingdom Corporate Wellness Market
10.2.6.5.1 United Kingdom Corporate Wellness Market by Service
10.2.6.5.2 United Kingdom Corporate Wellness Market by Category
10.2.6.5.3 United Kingdom Corporate Wellness Market by End User
10.2.6.6 Rest of Europe Corporate Wellness Market
10.2.6.6.1 Rest of Europe Corporate Wellness Market by Service
10.2.6.6.2 Rest of Europe Corporate Wellness Market by Category
10.2.6.6.3 Rest of Europe Corporate Wellness Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Corporate Wellness Market Overview
10.3.2 Asia-Pacific Corporate Wellness Market Forecasts and Analysis
10.3.3 Asia-Pacific Corporate Wellness Market Forecasts and Analysis - By Service
10.3.4 Asia-Pacific Corporate Wellness Market Forecasts and Analysis - By Category
10.3.5 Asia-Pacific Corporate Wellness Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Corporate Wellness Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Corporate Wellness Market
10.3.6.1.1 Australia Corporate Wellness Market by Service
10.3.6.1.2 Australia Corporate Wellness Market by Category
10.3.6.1.3 Australia Corporate Wellness Market by End User
10.3.6.2 China Corporate Wellness Market
10.3.6.2.1 China Corporate Wellness Market by Service
10.3.6.2.2 China Corporate Wellness Market by Category
10.3.6.2.3 China Corporate Wellness Market by End User
10.3.6.3 India Corporate Wellness Market
10.3.6.3.1 India Corporate Wellness Market by Service
10.3.6.3.2 India Corporate Wellness Market by Category
10.3.6.3.3 India Corporate Wellness Market by End User
10.3.6.4 Japan Corporate Wellness Market
10.3.6.4.1 Japan Corporate Wellness Market by Service
10.3.6.4.2 Japan Corporate Wellness Market by Category
10.3.6.4.3 Japan Corporate Wellness Market by End User
10.3.6.5 South Korea Corporate Wellness Market
10.3.6.5.1 South Korea Corporate Wellness Market by Service
10.3.6.5.2 South Korea Corporate Wellness Market by Category
10.3.6.5.3 South Korea Corporate Wellness Market by End User
10.3.6.6 Rest of Asia-Pacific Corporate Wellness Market
10.3.6.6.1 Rest of Asia-Pacific Corporate Wellness Market by Service
10.3.6.6.2 Rest of Asia-Pacific Corporate Wellness Market by Category
10.3.6.6.3 Rest of Asia-Pacific Corporate Wellness Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Corporate Wellness Market Overview
10.4.2 Middle East and Africa Corporate Wellness Market Forecasts and Analysis
10.4.3 Middle East and Africa Corporate Wellness Market Forecasts and Analysis - By Service
10.4.4 Middle East and Africa Corporate Wellness Market Forecasts and Analysis - By Category
10.4.5 Middle East and Africa Corporate Wellness Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Corporate Wellness Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Corporate Wellness Market
10.4.6.1.1 South Africa Corporate Wellness Market by Service
10.4.6.1.2 South Africa Corporate Wellness Market by Category
10.4.6.1.3 South Africa Corporate Wellness Market by End User
10.4.6.2 Saudi Arabia Corporate Wellness Market
10.4.6.2.1 Saudi Arabia Corporate Wellness Market by Service
10.4.6.2.2 Saudi Arabia Corporate Wellness Market by Category
10.4.6.2.3 Saudi Arabia Corporate Wellness Market by End User
10.4.6.3 U.A.E Corporate Wellness Market
10.4.6.3.1 U.A.E Corporate Wellness Market by Service
10.4.6.3.2 U.A.E Corporate Wellness Market by Category
10.4.6.3.3 U.A.E Corporate Wellness Market by End User
10.4.6.4 Rest of Middle East and Africa Corporate Wellness Market
10.4.6.4.1 Rest of Middle East and Africa Corporate Wellness Market by Service
10.4.6.4.2 Rest of Middle East and Africa Corporate Wellness Market by Category
10.4.6.4.3 Rest of Middle East and Africa Corporate Wellness Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Corporate Wellness Market Overview
10.5.2 South and Central America Corporate Wellness Market Forecasts and Analysis
10.5.3 South and Central America Corporate Wellness Market Forecasts and Analysis - By Service
10.5.4 South and Central America Corporate Wellness Market Forecasts and Analysis - By Category
10.5.5 South and Central America Corporate Wellness Market Forecasts and Analysis - By End User
10.5.6 South and Central America Corporate Wellness Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Corporate Wellness Market
10.5.6.1.1 Brazil Corporate Wellness Market by Service
10.5.6.1.2 Brazil Corporate Wellness Market by Category
10.5.6.1.3 Brazil Corporate Wellness Market by End User
10.5.6.2 Argentina Corporate Wellness Market
10.5.6.2.1 Argentina Corporate Wellness Market by Service
10.5.6.2.2 Argentina Corporate Wellness Market by Category
10.5.6.2.3 Argentina Corporate Wellness Market by End User
10.5.6.3 Rest of South and Central America Corporate Wellness Market
10.5.6.3.1 Rest of South and Central America Corporate Wellness Market by Service
10.5.6.3.2 Rest of South and Central America Corporate Wellness Market by Category
10.5.6.3.3 Rest of South and Central America Corporate Wellness Market by End User

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. CORPORATE WELLNESS MARKET, KEY COMPANY PROFILES
12.1. WELLNESS CORPORATE SOLUTIONS
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. WELL NATION
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. VIRGIN PULSE
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. COMPSYCH 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. ADURO
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. BEACON HEALTH OPTIONS
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. EXOS
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. FITBIT, INC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. LIFEWORKS, INC
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. CENTRAL CORPORATE WELLNESS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Wellness Corporate Solutions
2. Well Nation
3. Virgin Pulse
4. ComPsych Corporation
5. Aduro
6. Beacon Health Options
7. EXOS
8. Fitbit, Inc
9. LifeWorks, Inc
10. Central Corporate Wellness
11. Anthem, Inc
12. Workplace Options
13. Cerner Corporation
14. Centene Corporation
15. TELUS

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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