The equipment rental software market is expected to grow from US$ 266.78 million in 2021 to US$ 430.61 million by 2028; it is estimated to grow at a CAGR of 7.1% during 2021–2028.
Rental management software helps in streamlining rental operations and increasing profits. Dealerships can use rental management software to plan, operate, monitor, and improve rental operations to increase profitability and improve customer service. The rental department is fully integrated with the rest of the dealership with rental management software, reducing equipment downtime, streamlining operations, and ultimately boosting the organization's rental department's profitability.
With the growing competition, urbanization, and exponential growth in automation and construction industries, the equipment rental software market has shown a rapid growth. The rising adoption of industry 4.0 and 5G wireless technology is fuelling the demand for automation solutions across various industry verticals, supporting the equipment rental software market growth. Further, with the expansion of the industrial Internet of Things (IoT), digital twin, and augmented reality (AR), the demand for equipment rental software is expected to grow at a rapid pace over the coming years. For instance, in July 2021, Kezzler AS collaborated with Rockwell Automation Inc. to enable manufacturers to track their products from raw material sources to the point-of-sale and beyond. However, the equipment rental software industry has also been impacted by the slowdown in global financial growth, maintaining a comparatively favorable growth rate.
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Equipment Rental Software Market: Strategic Insights
Market Size Value in US$ 266.78 million in 2021 Market Size Value by US$ 430.61 million by 2028 Growth rate CAGR of 7.1% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Equipment Rental Software Market: Strategic Insights
| Market Size Value in | US$ 266.78 million in 2021 |
| Market Size Value by | US$ 430.61 million by 2028 |
| Growth rate | CAGR of 7.1% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on North America Equipment Rental Software Market
The COVID-19 outbreak severely impacted the supply chain, affecting the residential construction industry in North America. The evolution of the outbreak from a China-centric threat to a worldwide pandemic has shifted the disease's impact on North American construction supply networks and marketplaces. The pandemic posed various obstacles for the construction industry and has also affected the equipment rental software market growth. The size and severity of these issues will primarily be determined by the crisis's nature and duration, the recession's length, and the road to recovery. In 2020, the building industry, particularly the new residential segment, was doing well and seeing a rise in activity across various industries. Many ongoing projects deemed necessary by government officials were not halted, but new residential construction permits were suspended due to the rising number of instances worldwide. As a result, the crisis had a minimal impact on the demand for rental equipment and software.
Lucrative Regions for Equipment Rental Software Market
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Equipment Rental Software Market Insights
Growth in Demand for Construction in Power Sector
Many power generation businesses, particularly in the North America and Europe, are investing in renewable energy sources. For instance, in December 2017, EDF Energy announced a US$ 27 billion investment in solar power infrastructure. Furthermore, governments across the world are promoting renewable energy sources by providing incentives and subsidies to enterprises that generate renewable energy. Wind power generators in Australia were granted US$ 600 million in subsidies by the Australian government. Thus, the proliferation of the power sector, especially the renewable energy industry, would boost the demand for construction services. As a result, the need for heavy equipment is expected to rise in the industry in the coming years, which is likely to provide significant opportunities to the equipment rental software market players in the future.
Component-Based Market Insights
Based on component, the equipment rental software market is segmented into software and services. In 2021, the software segment led the market with a larger share.
Equipment Rental Software Market, by Component, 2020 and 2028 (%)
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Deployment – Based Market Insights
Based on deployment, the equipment rental software market is bifurcated into cloud and on-premise. In 2021, the cloud segment accounted for a larger market share.
Organization Size – Based Market Insights
Based on organization size, the equipment rental software market is segmented into small and medium enterprises (SMEs) and large enterprise. In 2021, the large enterprises segment accounted for a larger market share.
End Users – Based Market Insights
Based on end users, the equipment rental software market is segmented into manufacturing, construction, transportation, and others. In 2021, the construction segment accounted for the largest market share.
The players operating in the equipment rental software market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the equipment rental software market. A few developments by key players are listed below:
- In January 2022, the new features offered by Booqable such as request and accept payments with the New Booqable iOS App. The new Booqable iOS app made it easier for customers to request and accept payments. Customers can scan a QR code, receive an email or text message, or AirDrop a link to a customer's device using the new share sheet. The new feature will be able to fill out payment information on the customer phone and make a payment.
- In October 2022, eSUB construction software released new project summary dashboards. The dashboards are the part of company's ongoing efforts to modernize the user interface and update its platform architecture. With eSUB Accounting's Sage 300 CRE, Viewpoint Vista, and Spectrum accounting integrations, financial summaries go hand-in-hand. This will provide control over projects and take snapshots of real-time job costing data and projected profitability.
Company Profiles
- BCS ProSoft, LLC
- Booqable.com
- eSUB, Inc.
- EZRentOut
- HQ Rental Software
- inspHire Ltd
- MCS Global Ltd
- Orion Software Inc.
- Point of Rental
- Wynne Systems
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Organization Size, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Expansion of construction industry, and enhanced security and accessibility for dealers to improve enterprises business operation efficiency are driving the growth of the equipment rental software market.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including equipment rental software market. Further, growth in demand for construction in power sector, the incorporation of quantum computing in artificial intelligence and the growing development of robots using artificial intelligence are presenting significant potential for the future growth of the equipment rental software market players.
Based on component, the equipment rental software market is segmented into software and services. In 2020, the software segment led the equipment rental software market, accounting for the largest share in the market.
In 2020, North America led the market with a substantial revenue share, followed by Asia Pacific and Europe. North America is a prospective market for equipment rental software developers.
The major companies in equipment rental software includes BCS ProSoft, LLC; Booqable.com; eSUB, Inc.; EZRentOut; HQ Rental Software; inspHire Ltd.; MCS Global Ltd.; Orion Software Inc.; Point of Rental; and Wynne Systems.
Based on deployment, the equipment rental software market can be segmented into Cloud based, and On-premises. In 2020, the cloud-based segment accounted for the largest market share.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Equipment Rental Software Market – By Component
1.3.2 Global Equipment Rental Software Market – By Deployment
1.3.3 Global Equipment Rental Software Market – By Organization Size
1.3.4 Global Equipment Rental Software Market – By End User
1.3.5 Global Augmented Reality and Virtual Reality Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Equipment Rental Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Equipment Rental Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Expansion of Construction Industry
5.1.2 Enhanced Security and Accessibility for Dealers
5.2 Market Restraints
5.2.1 Growing Acceptance of Leasing
5.3 Market Opportunities
5.3.1 Growth in Demand for Construction in Power Sector
5.4 Future Trends
5.4.1 IoT & Predictive Analysis
5.5 Impact Analysis of Drivers and Restraints
6. Equipment Rental Software Market –Regional Analysis
6.1 Equipment Rental Software Market Global Overview
6.2 Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Equipment Rental Software Market Analysis – By Component
7.1 Overview
7.2 Equipment Rental Software Market, By Component (2020 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
8. Equipment Rental Software Market – By Deployment
8.1 Overview
8.2 Equipment Rental Software Market, By Deployment (2020 and 2028)
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud-based
8.4.1 Overview
8.4.2 Cloud-based: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
9. Equipment Rental Software Market – By Organization Size
9.1 Overview
9.2 Equipment Rental Software Market, By Organization Size (2020 and 2028)
9.3 Small and Medium Enterprises (SME’s)
9.3.1 Overview
9.3.2 SME’s: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprise
9.4.1 Overview
9.4.2 Large Enterprise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10. Equipment Rental Software Market – By End Users
10.1 Overview
10.2 Equipment Rental Software Market, By End Users (2020 and 2028)
10.3 Manufacturing
10.3.1 Overview
10.3.2 Manufacturing: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Construction
10.4.1 Overview
10.4.2 Construction: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Transportation
10.5.1 Overview
10.5.2 Transportation: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11. Equipment Rental Software Market – Geographic Analysis
11.1 Overview
11.2 North America: Equipment Rental Software Market
11.2.1 North America: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Equipment Rental Software Market, By Component
11.2.3 North America: Equipment Rental Software Market, By Deployment
11.2.4 North America: Equipment Rental Software Market, By Organization Size
11.2.5 North America: Equipment Rental Software Market, By End Users
11.2.6 North America: Equipment Rental Software Market, by Key Country
11.2.6.1 US: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Equipment Rental Software Market, By Component
11.2.6.1.2 US: Equipment Rental Software Market, By Deployment
11.2.6.1.3 US: Equipment Rental Software Market, By Organization Size
11.2.6.1.4 US: Equipment Rental Software Market, By End Users
11.2.6.2 Canada: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Equipment Rental Software Market, By Component
11.2.6.2.2 Canada: Equipment Rental Software Market, By Deployment
11.2.6.2.3 Canada: Equipment Rental Software Market, By Organization Size
11.2.6.2.4 Canada: Equipment Rental Software Market, By End Users
11.2.6.3 Mexico: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Equipment Rental Software Market, By Component
11.2.6.3.2 Mexico: Equipment Rental Software Market, By Deployment
11.2.6.3.3 Mexico: Equipment Rental Software Market, By Organization Size
11.2.6.3.4 Mexico: Equipment Rental Software Market, By End Users
11.3 Europe: Equipment Rental Software Market
11.3.1 Europe: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Equipment Rental Software Market, By Component
11.3.3 Europe: Equipment Rental Software Market, By Deployment
11.3.4 Europe: Equipment Rental Software Market, By Organization Size
11.3.5 Europe: Equipment Rental Software Market, By End Users
11.3.6 Europe: Equipment Rental Software Market, by Key Country
11.3.6.1 Germany: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Germany: Equipment Rental Software Market, By Component
11.3.6.1.2 Germany: Equipment Rental Software Market, By Deployment
11.3.6.1.3 Germany: Equipment Rental Software Market, By Organization Size
11.3.6.1.4 Germany: Equipment Rental Software Market, By End Users
11.3.6.2 France: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 France: Equipment Rental Software Market, By Component
11.3.6.2.2 France: Equipment Rental Software Market, By Deployment
11.3.6.2.3 France: Equipment Rental Software Market, By Organization Size
11.3.6.2.4 France: Equipment Rental Software Market, By End Users
11.3.6.3 Italy: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Equipment Rental Software Market, By Component
11.3.6.3.2 Italy: Equipment Rental Software Market, By Deployment
11.3.6.3.3 Italy: Equipment Rental Software Market, By Organization Size
11.3.6.3.4 Italy: Equipment Rental Software Market, By End Users
11.3.6.4 UK: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 UK: Equipment Rental Software Market, By Component
11.3.6.4.2 UK: Equipment Rental Software Market, By Deployment
11.3.6.4.3 UK: Equipment Rental Software Market, By Organization Size
11.3.6.4.4 UK: Equipment Rental Software Market, By End Users
11.3.6.5 Russia: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Equipment Rental Software Market, By Component
11.3.6.5.2 Russia: Equipment Rental Software Market, By Deployment
11.3.6.5.3 Russia: Equipment Rental Software Market, By Organization Size
11.3.6.5.4 Russia: Equipment Rental Software Market, By End Users
11.3.6.6 Rest of Europe: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Equipment Rental Software Market, By Component
11.3.6.6.2 Rest of Europe: Equipment Rental Software Market, By Deployment
11.3.6.6.3 Rest of Europe: Equipment Rental Software Market, By Organization Size
11.3.6.6.4 Rest of Europe: Equipment Rental Software Market, By End Users
11.4 APAC: Equipment Rental Software Market
11.4.1 APAC: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Equipment Rental Software Market, By Component
11.4.3 APAC: Equipment Rental Software Market, By Deployment
11.4.4 APAC: Equipment Rental Software Market, By Organization Size
11.4.5 APAC: Equipment Rental Software Market, By End Users
11.4.6 APAC: Equipment Rental Software Market, by Key Country
11.4.6.1 Australia: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Equipment Rental Software Market, By Component
11.4.6.1.2 Australia: Equipment Rental Software Market, By Deployment
11.4.6.1.3 Australia: Equipment Rental Software Market, By Organization Size
11.4.6.1.4 Australia: Equipment Rental Software Market, By End Users
11.4.6.2 China: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Equipment Rental Software Market, By Component
11.4.6.2.2 China: Equipment Rental Software Market, By Deployment
11.4.6.2.3 China: Equipment Rental Software Market, By Organization Size
11.4.6.2.4 China: Equipment Rental Software Market, By End Users
11.4.6.3 India: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Equipment Rental Software Market, By Component
11.4.6.3.2 India: Equipment Rental Software Market, By Deployment
11.4.6.3.3 India: Equipment Rental Software Market, By Organization Size
11.4.6.3.4 India: Equipment Rental Software Market, By End Users
11.4.6.4 Japan: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Equipment Rental Software Market, By Component
11.4.6.4.2 Japan: Equipment Rental Software Market, By Deployment
11.4.6.4.3 Japan: Equipment Rental Software Market, By Organization Size
11.4.6.4.4 Japan: Equipment Rental Software Market, By End Users
11.4.6.5 South Korea: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Equipment Rental Software Market, By Component
11.4.6.5.2 South Korea: Equipment Rental Software Market, By Deployment
11.4.6.5.3 South Korea: Equipment Rental Software Market, By Organization Size
11.4.6.5.4 South Korea: Equipment Rental Software Market, By End Users
11.4.6.6 Rest of APAC: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Equipment Rental Software Market, By Component
11.4.6.6.2 Rest of APAC: Equipment Rental Software Market, By Deployment
11.4.6.6.3 Rest of APAC: Equipment Rental Software Market, By Organization Size
11.4.6.6.4 Rest of APAC: Equipment Rental Software Market, By End Users
11.5 MEA: Equipment Rental Software Market
11.5.1 MEA: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Equipment Rental Software Market, By Component
11.5.3 MEA: Equipment Rental Software Market, By Deployment
11.5.4 MEA: Equipment Rental Software Market, By Organization Size
11.5.5 MEA: Equipment Rental Software Market, By End Users
11.5.6 MEA: Equipment Rental Software Market, by Key Country
11.5.6.1 South Africa: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Equipment Rental Software Market, By Component
11.5.6.1.2 South Africa: Equipment Rental Software Market, By Deployment
11.5.6.1.3 South Africa: Equipment Rental Software Market, By Organization Size
11.5.6.1.4 South Africa: Equipment Rental Software Market, By End Users
11.5.6.2 Saudi Arabia: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Equipment Rental Software Market, By Component
11.5.6.2.2 Saudi Arabia: Equipment Rental Software Market, By Deployment
11.5.6.2.3 Saudi Arabia: Equipment Rental Software Market, By Organization Size
11.5.6.2.4 Saudi Arabia: Equipment Rental Software Market, By End Users
11.5.6.3 UAE: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Equipment Rental Software Market, By Component
11.5.6.3.2 UAE: Equipment Rental Software Market, By Deployment
11.5.6.3.3 UAE: Equipment Rental Software Market, By Organization Size
11.5.6.3.4 UAE: Equipment Rental Software Market, By End Users
11.5.6.4 Rest of MEA: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Equipment Rental Software Market, By Component
11.5.6.4.2 Rest of MEA: Equipment Rental Software Market, By Deployment
11.5.6.4.3 Rest of MEA: Equipment Rental Software Market, By Organization Size
11.5.6.4.4 Rest of MEA: Equipment Rental Software Market, By End Users
11.6 SAM: Equipment Rental Software Market
11.6.1 SAM: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Equipment Rental Software Market, By Component
11.6.3 SAM: Equipment Rental Software Market, By Deployment
11.6.4 SAM: Equipment Rental Software Market, By Organization Size
11.6.5 SAM: Equipment Rental Software Market, By End Users
11.6.6 SAM: Equipment Rental Software Market, by Key Country
11.6.6.1 Brazil: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Equipment Rental Software Market, By Component
11.6.6.1.2 Brazil: Equipment Rental Software Market, By Deployment
11.6.6.1.3 Brazil: Equipment Rental Software Market, By Organization Size
11.6.6.1.4 Brazil: Equipment Rental Software Market, By End Users
11.6.6.2 Argentina: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Equipment Rental Software Market, By Component
11.6.6.2.2 Argentina: Equipment Rental Software Market, By Deployment
11.6.6.2.3 Argentina: Equipment Rental Software Market, By Organization Size
11.6.6.2.4 Argentina: Equipment Rental Software Market, By End Users
11.6.6.3 Rest of SAM: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Equipment Rental Software Market, By Component
11.6.6.3.2 Rest of SAM: Equipment Rental Software Market, By Deployment
11.6.6.3.3 Rest of SAM: Equipment Rental Software Market, By Organization Size
11.6.6.3.4 Rest of SAM: Equipment Rental Software Market, By End Users
12. Equipment Rental Software Market- COVID-19 Impact Analysis
12.1 Overview
12.2 North America: Impact Assessment of Covid-19 Pandemic
12.3 Europe: Impact Assessment of Covid-19 Pandemic
12.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
12.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
12.6 South America: Impact Assessment of Covid-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. Company Profiles
14.1 EZRentOut
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 eSUB, Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Booqable.com
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 BCS ProSoft, LLC
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 HQ Rental Software
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 inspHire Ltd
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 MCS Global Ltd
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 Orion Software Inc.
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 Point of Rental
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 Wynne Systems
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 Word Index
LIST OF TABLES
Table 1. Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Equipment Rental Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Equipment Rental Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: Equipment Rental Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 60. China: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 64. India: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: Equipment Rental Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 82. South Africa: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 86. Saudi Arabia: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 90. UAE: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 98. SAM: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 99. SAM: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: Equipment Rental Software Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of SAM: Equipment Rental Software Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of SAM: Equipment Rental Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: Equipment Rental Software Market, By Organization Size – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM: Equipment Rental Software Market, By End Users – Revenue and Forecast to 2028 (US$ Million)
Table 115. List of Abbreviation
LIST OF FIGURES
Figure 1. Equipment Rental Software Market Segmentation
Figure 2. Equipment Rental Software Market Segmentation – By Geography
Figure 3. Equipment Rental Software Market Overview
Figure 4. Equipment Rental Software Market, By Component
Figure 5. Equipment Rental Software Market, By Deployment
Figure 6. Equipment Rental Software Market, By Organization Size
Figure 7. Equipment Rental Software Market, By End User
Figure 8. Equipment Rental Software Market, By Geography
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Expert Opinion
Figure 15. Equipment Rental Software Market: Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Equipment Rental Software Market
Figure 17. Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Equipment Rental Software Market Revenue Share, By Component (2020 and 2028)
Figure 19. Software: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Services: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Equipment Rental Software Market Revenue Share, By Deployment (2020 and 2028)
Figure 22. On-Premise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Cloud-based Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Equipment Rental Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 25. SME’s: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Large Enterprise: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Equipment Rental Software Market Revenue Share, By End Users (2020 and 2028)
Figure 28. Manufacturing: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Construction: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Transportation: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Global Equipment Rental Software Market Revenue Share, By Region (2020 & 2028)
Figure 33. North America: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: Equipment Rental Software Market Revenue Share, By Component (2020 & 2028)
Figure 35. North America: Equipment Rental Software Market Revenue Share, By Deployment (2020 & 2028)
Figure 36. North America: Equipment Rental Software Market Revenue Share, By Organization Size (2020 & 2028)
Figure 37. North America: Equipment Rental Software Market Revenue Share, By End Users (2020 & 2028)
Figure 38. North America: Equipment Rental Software Market Revenue Share, by Key Country (2020 & 2028)
Figure 39. US: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Equipment Rental Software Market Revenue Share, By Component (2020 & 2028)
Figure 44. Europe: Equipment Rental Software Market Revenue Share, By Deployment (2020 & 2028)
Figure 45. Europe: Equipment Rental Software Market Revenue Share, By Organization Size (2020 & 2028)
Figure 46. Europe: Equipment Rental Software Market Revenue Share, By End Users (2020 & 2028)
Figure 47. Europe: Equipment Rental Software Market Revenue Share, by Key Country (2020 & 2028)
Figure 48. Germany: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. France: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. UK: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Russia: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Europe: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. APAC: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Equipment Rental Software Market Revenue Share, By Component (2020 & 2028)
Figure 56. APAC: Equipment Rental Software Market Revenue Share, By Deployment (2020 & 2028)
Figure 57. APAC: Equipment Rental Software Market Revenue Share, By Organization Size (2020 & 2028)
Figure 58. APAC: Equipment Rental Software Market Revenue Share, By End Users (2020 & 2028)
Figure 59. APAC: Equipment Rental Software Market Revenue Share, by Key Country (2020 & 2028)
Figure 60. Australia: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. China: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. India: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Japan: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South Korea: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of APAC: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Equipment Rental Software Market Revenue Share, By Component (2020 & 2028)
Figure 68. MEA: Equipment Rental Software Market Revenue Share, By Deployment (2020 & 2028)
Figure 69. MEA: Equipment Rental Software Market Revenue Share, By Organization Size (2020 & 2028)
Figure 70. MEA: Equipment Rental Software Market Revenue Share, By End Users (2020 & 2028)
Figure 71. MEA: Equipment Rental Software Market Revenue Share, by Key Country (2020 & 2028)
Figure 72. South Africa: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Saudi Arabia: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. UAE: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of MEA: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. SAM: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. SAM: Equipment Rental Software Market Revenue Share, By Component (2020 & 2028)
Figure 78. SAM: Equipment Rental Software Market Revenue Share, By Deployment (2020 & 2028)
Figure 79. SAM: Equipment Rental Software Market Revenue Share, By Organization Size (2020 & 2028)
Figure 80. SAM: Equipment Rental Software Market Revenue Share, By End Users (2020 & 2028)
Figure 81. SAM: Equipment Rental Software Market Revenue Share, by Key Country (2020 & 2028)
Figure 82. Brazil: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Argentina: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. Rest of SAM: Equipment Rental Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Impact of Covid-19 Pandemic in North American Country Markets
Figure 86. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 87. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 88. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 89. Impact of Covid-19 Pandemic in South America Country Markets
The List of Companies - Equipment Rental Software Market
- BCS ProSoft, LLC
- Booqable
- eSUB Inc.
- EZRentOut
- HQ Rental Software
- inspHire Ltd.
- MCS Global Ltd.
- Orion Software Inc.
- Point-of-Rental
- Wynne 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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