Crowd management is a solution that delivers analysis of crowd at mass gathering places such as retail malls, sports stadiums, city stores, metro and airport terminals, and others. Whereas, event security is the security solution that provides security to meet client-specific needs during corporate events, concerts, sports events, entertainment programs, and other events. Growing demand for crowd management to enhance safety & security and rise in the investments on crowd management and event security analytics tools are fueling the growth of the crowd management and event security market.
MARKET DYNAMICS
The various functions of crowd management and event security include monitoring of the crowd, assessing the risk, planning the event, emergency planning, and among others. Growing demand for the security systems, advancement in technology for managing crowd and handle security for events, and increase in investments in crowd security technology are the major factors that drive the growth of the crowd management and event security market. However, a lack of IT infrastructure and high cost may hamper market growth. Moreover, the adoption of emerging cloud-based technology, the development of smart city projects, increasing number of events across the globe are expected to boom the growth of crowd management and the event security market.
MARKET SCOPE
The "Global Crowd Management and Event Security Market Analysis to 2028" is a specialized and in-depth study of the crowd management and event security industry with a special focus on the global market trend analysis. The report aims to provide an overview crowd management and event security market with detailed market segmentation as component, deployment type, enterprise size, end-user, and geography. The global crowd management and event security market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading crowd management and event security market players and offers key trends and opportunities in the crowd management and event security market.
MARKET SEGMENTATION
The global crowd management and event security market is segmented on the basis component, deployment type, enterprise size, end-user. On the basis of component the market is segmented as solution, services. On the basis of deployment type the market is segmented as cloud, on-premises. On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as transportation, retail, hospitality and tourism, 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 Crowd management and event security 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 crowd management and event security 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 crowd management and event security 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 crowd management and event security market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 Crowd management and event security 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 crowd management and event security 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 crowd management and event security 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 crowd management and event security market in these regions.
MARKET PLAYERS
The reports cover key developments in the crowd management and event security 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 crowd management and event security market are anticipated to lucrative growth opportunities in the future with the rising demand for crowd management and event security in the global market. Below mentioned is the list of few companies engaged in the crowd management and event security market.
The report also includes the profiles of key Crowd management and event security 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.
- ArmForce Security Services
- BriefCam Ltd.
- Crowd Dynamics
- Crowd Vision Ltd.
- Dynamic Crowd Management
- Flowity (AFRY Digital Solutions)
- Ipsotek Ltd.
- Regal Decision Systems, Inc.
- Spigit, Inc.
- Vision Technology Systems
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 Crowd Management And Event Security Market - By Component
1.3.2 Crowd Management And Event Security Market - By Deployment Type
1.3.3 Crowd Management And Event Security Market - By Enterprise Size
1.3.4 Crowd Management And Event Security Market - By End-user
1.3.5 Crowd Management And Event Security Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CROWD MANAGEMENT AND EVENT SECURITY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CROWD MANAGEMENT AND EVENT SECURITY 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. CROWD MANAGEMENT AND EVENT SECURITY MARKET - GLOBAL MARKET ANALYSIS
6.1. CROWD MANAGEMENT AND EVENT SECURITY - GLOBAL MARKET OVERVIEW
6.2. CROWD MANAGEMENT AND EVENT SECURITY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CROWD MANAGEMENT AND EVENT SECURITY 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. CROWD MANAGEMENT AND EVENT SECURITY MARKET - REVENUE AND FORECASTS TO 2028 – DEPLOYMENT TYPE
8.1. OVERVIEW
8.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISES
8.4.1. Overview
8.4.2. On-premises Market Forecast and Analysis
9. CROWD MANAGEMENT AND EVENT SECURITY MARKET - REVENUE AND FORECASTS TO 2028 – ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMALL AND MEDIUM-SIZE ENTERPRISES
9.3.1. Overview
9.3.2. Small and Medium-Size Enterprises Market Forecast and Analysis
9.4. LARGE ENTERPRISES
9.4.1. Overview
9.4.2. Large Enterprises Market Forecast and Analysis
10. CROWD MANAGEMENT AND EVENT SECURITY MARKET - REVENUE AND FORECASTS TO 2028 – END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. TRANSPORTATION
10.3.1. Overview
10.3.2. Transportation Market Forecast and Analysis
10.4. RETAIL
10.4.1. Overview
10.4.2. Retail Market Forecast and Analysis
10.5. HOSPITALITY AND TOURISM
10.5.1. Overview
10.5.2. Hospitality and Tourism Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. CROWD MANAGEMENT AND EVENT SECURITY MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Crowd Management And Event Security Market Overview
11.1.2 North America Crowd Management And Event Security Market Forecasts and Analysis
11.1.3 North America Crowd Management And Event Security Market Forecasts and Analysis - By Component
11.1.4 North America Crowd Management And Event Security Market Forecasts and Analysis - By Deployment Type
11.1.5 North America Crowd Management And Event Security Market Forecasts and Analysis - By Enterprise Size
11.1.6 North America Crowd Management And Event Security Market Forecasts and Analysis - By End-user
11.1.7 North America Crowd Management And Event Security Market Forecasts and Analysis - By Countries
11.1.7.1 United States Crowd Management And Event Security Market
11.1.7.1.1 United States Crowd Management And Event Security Market by Component
11.1.7.1.2 United States Crowd Management And Event Security Market by Deployment Type
11.1.7.1.3 United States Crowd Management And Event Security Market by Enterprise Size
11.1.7.1.4 United States Crowd Management And Event Security Market by End-user
11.1.7.2 Canada Crowd Management And Event Security Market
11.1.7.2.1 Canada Crowd Management And Event Security Market by Component
11.1.7.2.2 Canada Crowd Management And Event Security Market by Deployment Type
11.1.7.2.3 Canada Crowd Management And Event Security Market by Enterprise Size
11.1.7.2.4 Canada Crowd Management And Event Security Market by End-user
11.1.7.3 Mexico Crowd Management And Event Security Market
11.1.7.3.1 Mexico Crowd Management And Event Security Market by Component
11.1.7.3.2 Mexico Crowd Management And Event Security Market by Deployment Type
11.1.7.3.3 Mexico Crowd Management And Event Security Market by Enterprise Size
11.1.7.3.4 Mexico Crowd Management And Event Security Market by End-user
11.2. EUROPE
11.2.1 Europe Crowd Management And Event Security Market Overview
11.2.2 Europe Crowd Management And Event Security Market Forecasts and Analysis
11.2.3 Europe Crowd Management And Event Security Market Forecasts and Analysis - By Component
11.2.4 Europe Crowd Management And Event Security Market Forecasts and Analysis - By Deployment Type
11.2.5 Europe Crowd Management And Event Security Market Forecasts and Analysis - By Enterprise Size
11.2.6 Europe Crowd Management And Event Security Market Forecasts and Analysis - By End-user
11.2.7 Europe Crowd Management And Event Security Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Crowd Management And Event Security Market
11.2.7.1.1 Germany Crowd Management And Event Security Market by Component
11.2.7.1.2 Germany Crowd Management And Event Security Market by Deployment Type
11.2.7.1.3 Germany Crowd Management And Event Security Market by Enterprise Size
11.2.7.1.4 Germany Crowd Management And Event Security Market by End-user
11.2.7.2 France Crowd Management And Event Security Market
11.2.7.2.1 France Crowd Management And Event Security Market by Component
11.2.7.2.2 France Crowd Management And Event Security Market by Deployment Type
11.2.7.2.3 France Crowd Management And Event Security Market by Enterprise Size
11.2.7.2.4 France Crowd Management And Event Security Market by End-user
11.2.7.3 Italy Crowd Management And Event Security Market
11.2.7.3.1 Italy Crowd Management And Event Security Market by Component
11.2.7.3.2 Italy Crowd Management And Event Security Market by Deployment Type
11.2.7.3.3 Italy Crowd Management And Event Security Market by Enterprise Size
11.2.7.3.4 Italy Crowd Management And Event Security Market by End-user
11.2.7.4 United Kingdom Crowd Management And Event Security Market
11.2.7.4.1 United Kingdom Crowd Management And Event Security Market by Component
11.2.7.4.2 United Kingdom Crowd Management And Event Security Market by Deployment Type
11.2.7.4.3 United Kingdom Crowd Management And Event Security Market by Enterprise Size
11.2.7.4.4 United Kingdom Crowd Management And Event Security Market by End-user
11.2.7.5 Russia Crowd Management And Event Security Market
11.2.7.5.1 Russia Crowd Management And Event Security Market by Component
11.2.7.5.2 Russia Crowd Management And Event Security Market by Deployment Type
11.2.7.5.3 Russia Crowd Management And Event Security Market by Enterprise Size
11.2.7.5.4 Russia Crowd Management And Event Security Market by End-user
11.2.7.6 Rest of Europe Crowd Management And Event Security Market
11.2.7.6.1 Rest of Europe Crowd Management And Event Security Market by Component
11.2.7.6.2 Rest of Europe Crowd Management And Event Security Market by Deployment Type
11.2.7.6.3 Rest of Europe Crowd Management And Event Security Market by Enterprise Size
11.2.7.6.4 Rest of Europe Crowd Management And Event Security Market by End-user
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Crowd Management And Event Security Market Overview
11.3.2 Asia-Pacific Crowd Management And Event Security Market Forecasts and Analysis
11.3.3 Asia-Pacific Crowd Management And Event Security Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Crowd Management And Event Security Market Forecasts and Analysis - By Deployment Type
11.3.5 Asia-Pacific Crowd Management And Event Security Market Forecasts and Analysis - By Enterprise Size
11.3.6 Asia-Pacific Crowd Management And Event Security Market Forecasts and Analysis - By End-user
11.3.7 Asia-Pacific Crowd Management And Event Security Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Crowd Management And Event Security Market
11.3.7.1.1 Australia Crowd Management And Event Security Market by Component
11.3.7.1.2 Australia Crowd Management And Event Security Market by Deployment Type
11.3.7.1.3 Australia Crowd Management And Event Security Market by Enterprise Size
11.3.7.1.4 Australia Crowd Management And Event Security Market by End-user
11.3.7.2 China Crowd Management And Event Security Market
11.3.7.2.1 China Crowd Management And Event Security Market by Component
11.3.7.2.2 China Crowd Management And Event Security Market by Deployment Type
11.3.7.2.3 China Crowd Management And Event Security Market by Enterprise Size
11.3.7.2.4 China Crowd Management And Event Security Market by End-user
11.3.7.3 India Crowd Management And Event Security Market
11.3.7.3.1 India Crowd Management And Event Security Market by Component
11.3.7.3.2 India Crowd Management And Event Security Market by Deployment Type
11.3.7.3.3 India Crowd Management And Event Security Market by Enterprise Size
11.3.7.3.4 India Crowd Management And Event Security Market by End-user
11.3.7.4 Japan Crowd Management And Event Security Market
11.3.7.4.1 Japan Crowd Management And Event Security Market by Component
11.3.7.4.2 Japan Crowd Management And Event Security Market by Deployment Type
11.3.7.4.3 Japan Crowd Management And Event Security Market by Enterprise Size
11.3.7.4.4 Japan Crowd Management And Event Security Market by End-user
11.3.7.5 South Korea Crowd Management And Event Security Market
11.3.7.5.1 South Korea Crowd Management And Event Security Market by Component
11.3.7.5.2 South Korea Crowd Management And Event Security Market by Deployment Type
11.3.7.5.3 South Korea Crowd Management And Event Security Market by Enterprise Size
11.3.7.5.4 South Korea Crowd Management And Event Security Market by End-user
11.3.7.6 Rest of Asia-Pacific Crowd Management And Event Security Market
11.3.7.6.1 Rest of Asia-Pacific Crowd Management And Event Security Market by Component
11.3.7.6.2 Rest of Asia-Pacific Crowd Management And Event Security Market by Deployment Type
11.3.7.6.3 Rest of Asia-Pacific Crowd Management And Event Security Market by Enterprise Size
11.3.7.6.4 Rest of Asia-Pacific Crowd Management And Event Security Market by End-user
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Crowd Management And Event Security Market Overview
11.4.2 Middle East and Africa Crowd Management And Event Security Market Forecasts and Analysis
11.4.3 Middle East and Africa Crowd Management And Event Security Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Crowd Management And Event Security Market Forecasts and Analysis - By Deployment Type
11.4.5 Middle East and Africa Crowd Management And Event Security Market Forecasts and Analysis - By Enterprise Size
11.4.6 Middle East and Africa Crowd Management And Event Security Market Forecasts and Analysis - By End-user
11.4.7 Middle East and Africa Crowd Management And Event Security Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Crowd Management And Event Security Market
11.4.7.1.1 South Africa Crowd Management And Event Security Market by Component
11.4.7.1.2 South Africa Crowd Management And Event Security Market by Deployment Type
11.4.7.1.3 South Africa Crowd Management And Event Security Market by Enterprise Size
11.4.7.1.4 South Africa Crowd Management And Event Security Market by End-user
11.4.7.2 Saudi Arabia Crowd Management And Event Security Market
11.4.7.2.1 Saudi Arabia Crowd Management And Event Security Market by Component
11.4.7.2.2 Saudi Arabia Crowd Management And Event Security Market by Deployment Type
11.4.7.2.3 Saudi Arabia Crowd Management And Event Security Market by Enterprise Size
11.4.7.2.4 Saudi Arabia Crowd Management And Event Security Market by End-user
11.4.7.3 U.A.E Crowd Management And Event Security Market
11.4.7.3.1 U.A.E Crowd Management And Event Security Market by Component
11.4.7.3.2 U.A.E Crowd Management And Event Security Market by Deployment Type
11.4.7.3.3 U.A.E Crowd Management And Event Security Market by Enterprise Size
11.4.7.3.4 U.A.E Crowd Management And Event Security Market by End-user
11.4.7.4 Rest of Middle East and Africa Crowd Management And Event Security Market
11.4.7.4.1 Rest of Middle East and Africa Crowd Management And Event Security Market by Component
11.4.7.4.2 Rest of Middle East and Africa Crowd Management And Event Security Market by Deployment Type
11.4.7.4.3 Rest of Middle East and Africa Crowd Management And Event Security Market by Enterprise Size
11.4.7.4.4 Rest of Middle East and Africa Crowd Management And Event Security Market by End-user
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Crowd Management And Event Security Market Overview
11.5.2 South and Central America Crowd Management And Event Security Market Forecasts and Analysis
11.5.3 South and Central America Crowd Management And Event Security Market Forecasts and Analysis - By Component
11.5.4 South and Central America Crowd Management And Event Security Market Forecasts and Analysis - By Deployment Type
11.5.5 South and Central America Crowd Management And Event Security Market Forecasts and Analysis - By Enterprise Size
11.5.6 South and Central America Crowd Management And Event Security Market Forecasts and Analysis - By End-user
11.5.7 South and Central America Crowd Management And Event Security Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Crowd Management And Event Security Market
11.5.7.1.1 Brazil Crowd Management And Event Security Market by Component
11.5.7.1.2 Brazil Crowd Management And Event Security Market by Deployment Type
11.5.7.1.3 Brazil Crowd Management And Event Security Market by Enterprise Size
11.5.7.1.4 Brazil Crowd Management And Event Security Market by End-user
11.5.7.2 Argentina Crowd Management And Event Security Market
11.5.7.2.1 Argentina Crowd Management And Event Security Market by Component
11.5.7.2.2 Argentina Crowd Management And Event Security Market by Deployment Type
11.5.7.2.3 Argentina Crowd Management And Event Security Market by Enterprise Size
11.5.7.2.4 Argentina Crowd Management And Event Security Market by End-user
11.5.7.3 Rest of South and Central America Crowd Management And Event Security Market
11.5.7.3.1 Rest of South and Central America Crowd Management And Event Security Market by Component
11.5.7.3.2 Rest of South and Central America Crowd Management And Event Security Market by Deployment Type
11.5.7.3.3 Rest of South and Central America Crowd Management And Event Security Market by Enterprise Size
11.5.7.3.4 Rest of South and Central America Crowd Management And Event Security Market by End-user
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CROWD MANAGEMENT AND EVENT SECURITY MARKET, KEY COMPANY PROFILES
13.1. ARMFORCE SECURITY SERVICES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BRIEFCAM LTD.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CROWD DYNAMICS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. CROWD VISION LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. DYNAMIC CROWD MANAGEMENT
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. FLOWITY (AFRY DIGITAL SOLUTIONS)
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. IPSOTEK LTD.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. REGAL DECISION SYSTEMS, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. SPIGIT, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VISION TECHNOLOGY SYSTEMS
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ArmForce Security Services
2. BriefCam Ltd.
3. Crowd Dynamics
4. Crowd Vision Ltd.
5. Dynamic Crowd Management
6. Flowity (AFRY Digital Solutions)
7. Ipsotek Ltd.
8. Regal Decision Systems, Inc.
9. Spigit, Inc.
10. Vision Technology Systems
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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