The growing use of the internet, along with the rising adoption of innovative technologies, such as the mobile, web, social media, and analytics, increase the growth of cloud-based image recognition in retail. Retailers deploy image recognition software solutions on-premises to strengthen and encourage marketing endeavors, which includes high costs with limited scalability.
MARKET DYNAMICS
The necessity to increase on-shelf availability, enhance customer experience, and to increase the necessity to make informed decisions among retailers are some of the major factors driving the growth of image recognition in the retail market. However, concerns related to data security are one of the factors which may restrain the growth of image recognition in the retail market. Nevertheless, increasing technological developments is anticipated to boost the adoption of image recognition solutions among retailers.
MARKET SCOPE
The Global Image Recognition in Retail Market Analysis to 2028 is a specialized and in-depth study of the image recognition in retail market with a special focus on the global market trend analysis. The report aims to provide an overview of image recognition in retail market with detailed market segmentation by technology, component, deployment type, application. The global image recognition in retail market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading image recognition in retail market players and offers key trends and opportunities in the image recognition in retail market.
MARKET SEGMENTATION
The global image recognition in retail market is segmented on the basis of technology, component, deployment type, application. On the basis of technology, the market is segmented as code recognition, digital image processing, facial recognition, object recognition, others. On the basis of component, the market is segmented as software, services. On the basis of deployment type, the market is segmented as on-premises, cloud. On the basis of application, the market is segmented as visual product search, security and surveillance, vision analytics, marketing and advertising, 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 image recognition in retail 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 image recognition in retail 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 image recognition in retail 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 image recognition in retail 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 image recognition in retail 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 image recognition in retail 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 image recognition in retail 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 image recognition in retail market in these regions.
MARKET PLAYERS
The reports cover key developments in the image recognition in retail 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 image recognition in retail market are anticipated to lucrative growth opportunities in the future with the rising demand for image recognition in retail market. Below mentioned is the list of few companies engaged in the image recognition in retail market.
The report also includes the profiles of key image recognition in retail market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amazon Web Services, Inc.
- Catchoom
- IBM Corporation
- Intelligence Retail
- LTUTech
- Microsoft
- NEC Corporation
- Qualcomm Technologies, Inc.
- Slyce Inc.
- TRAX IMAGE RECOGNITION
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
1.3.1Image Recognition In Retail Market - By Technology
1.3.2Image Recognition In Retail Market - By Component
1.3.3Image Recognition In Retail Market - By Deployment Type
1.3.4Image Recognition In Retail Market - By Application
1.3.5Image Recognition In Retail Market - By Region
1.3.5.1By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4.IMAGE RECOGNITION IN RETAIL MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.IMAGE RECOGNITION IN RETAIL 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.IMAGE RECOGNITION IN RETAIL MARKET - GLOBAL MARKET ANALYSIS
6.1.IMAGE RECOGNITION IN RETAIL - GLOBAL MARKET OVERVIEW
6.2.IMAGE RECOGNITION IN RETAIL - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.IMAGE RECOGNITION IN RETAIL MARKET - REVENUE AND FORECASTS TO 2028- TECHNOLOGY
7.1.OVERVIEW
7.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3.CODE RECOGNITION
7.3.1.Overview
7.3.2.Code Recognition Market Forecast and Analysis
7.4.DIGITAL IMAGE PROCESSING
7.4.1.Overview
7.4.2.Digital Image Processing Market Forecast and Analysis
7.5.FACIAL RECOGNITION
7.5.1.Overview
7.5.2.Facial Recognition Market Forecast and Analysis
7.6.OBJECT RECOGNITION
7.6.1.Overview
7.6.2.Object Recognition Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.IMAGE RECOGNITION IN RETAIL MARKET - REVENUE AND FORECASTS TO 2028- COMPONENT
8.1.OVERVIEW
8.2.COMPONENT MARKET FORECASTS AND ANALYSIS
8.3.SOFTWARE
8.3.1.Overview
8.3.2.Software Market Forecast and Analysis
8.4.SERVICES
8.4.1.Overview
8.4.2.Services Market Forecast and Analysis
9.IMAGE RECOGNITION IN RETAIL MARKET - REVENUE AND FORECASTS TO 2028- DEPLOYMENT TYPE
9.1.OVERVIEW
9.2.DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
9.3.ON-PREMISES
9.3.1.Overview
9.3.2.On-Premises Market Forecast and Analysis
9.4.CLOUD
9.4.1.Overview
9.4.2.Cloud Market Forecast and Analysis
10.IMAGE RECOGNITION IN RETAIL MARKET - REVENUE AND FORECASTS TO 2028- APPLICATION
10.1.OVERVIEW
10.2.APPLICATION MARKET FORECASTS AND ANALYSIS
10.3.VISUAL PRODUCT SEARCH
10.3.1.Overview
10.3.2.Visual Product Search Market Forecast and Analysis
10.4.SECURITY AND SURVEILLANCE
10.4.1.Overview
10.4.2.Security and Surveillance Market Forecast and Analysis
10.5.VISION ANALYTICS
10.5.1.Overview
10.5.2.Vision Analytics Market Forecast and Analysis
10.6.MARKETING AND ADVERTISING
10.6.1.Overview
10.6.2.Marketing and Advertising Market Forecast and Analysis
10.7.OTHERS
10.7.1.Overview
10.7.2.Others Market Forecast and Analysis
11.IMAGE RECOGNITION IN RETAIL MARKET REVENUE AND FORECASTS TO 2028- GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Image Recognition In Retail Market Overview
11.1.2North America Image Recognition In Retail Market Forecasts and Analysis
11.1.3North America Image Recognition In Retail Market Forecasts and Analysis - By Technology
11.1.4North America Image Recognition In Retail Market Forecasts and Analysis - By Component
11.1.5North America Image Recognition In Retail Market Forecasts and Analysis - By Deployment Type
11.1.6North America Image Recognition In Retail Market Forecasts and Analysis - By Application
11.1.7North America Image Recognition In Retail Market Forecasts and Analysis - By Countries
11.1.7.1United States Image Recognition In Retail Market
11.1.7.1.1United States Image Recognition In Retail Market by Technology
11.1.7.1.2United States Image Recognition In Retail Market by Component
11.1.7.1.3United States Image Recognition In Retail Market by Deployment Type
11.1.7.1.4United States Image Recognition In Retail Market by Application
11.1.7.2Canada Image Recognition In Retail Market
11.1.7.2.1Canada Image Recognition In Retail Market by Technology
11.1.7.2.2Canada Image Recognition In Retail Market by Component
11.1.7.2.3Canada Image Recognition In Retail Market by Deployment Type
11.1.7.2.4Canada Image Recognition In Retail Market by Application
11.1.7.3Mexico Image Recognition In Retail Market
11.1.7.3.1Mexico Image Recognition In Retail Market by Technology
11.1.7.3.2Mexico Image Recognition In Retail Market by Component
11.1.7.3.3Mexico Image Recognition In Retail Market by Deployment Type
11.1.7.3.4Mexico Image Recognition In Retail Market by Application
11.2.EUROPE
11.2.1Europe Image Recognition In Retail Market Overview
11.2.2Europe Image Recognition In Retail Market Forecasts and Analysis
11.2.3Europe Image Recognition In Retail Market Forecasts and Analysis - By Technology
11.2.4Europe Image Recognition In Retail Market Forecasts and Analysis - By Component
11.2.5Europe Image Recognition In Retail Market Forecasts and Analysis - By Deployment Type
11.2.6Europe Image Recognition In Retail Market Forecasts and Analysis - By Application
11.2.7Europe Image Recognition In Retail Market Forecasts and Analysis - By Countries
11.2.7.1Germany Image Recognition In Retail Market
11.2.7.1.1Germany Image Recognition In Retail Market by Technology
11.2.7.1.2Germany Image Recognition In Retail Market by Component
11.2.7.1.3Germany Image Recognition In Retail Market by Deployment Type
11.2.7.1.4Germany Image Recognition In Retail Market by Application
11.2.7.2France Image Recognition In Retail Market
11.2.7.2.1France Image Recognition In Retail Market by Technology
11.2.7.2.2France Image Recognition In Retail Market by Component
11.2.7.2.3France Image Recognition In Retail Market by Deployment Type
11.2.7.2.4France Image Recognition In Retail Market by Application
11.2.7.3Italy Image Recognition In Retail Market
11.2.7.3.1Italy Image Recognition In Retail Market by Technology
11.2.7.3.2Italy Image Recognition In Retail Market by Component
11.2.7.3.3Italy Image Recognition In Retail Market by Deployment Type
11.2.7.3.4Italy Image Recognition In Retail Market by Application
11.2.7.4United Kingdom Image Recognition In Retail Market
11.2.7.4.1United Kingdom Image Recognition In Retail Market by Technology
11.2.7.4.2United Kingdom Image Recognition In Retail Market by Component
11.2.7.4.3United Kingdom Image Recognition In Retail Market by Deployment Type
11.2.7.4.4United Kingdom Image Recognition In Retail Market by Application
11.2.7.5Russia Image Recognition In Retail Market
11.2.7.5.1Russia Image Recognition In Retail Market by Technology
11.2.7.5.2Russia Image Recognition In Retail Market by Component
11.2.7.5.3Russia Image Recognition In Retail Market by Deployment Type
11.2.7.5.4Russia Image Recognition In Retail Market by Application
11.2.7.6Rest of Europe Image Recognition In Retail Market
11.2.7.6.1Rest of Europe Image Recognition In Retail Market by Technology
11.2.7.6.2Rest of Europe Image Recognition In Retail Market by Component
11.2.7.6.3Rest of Europe Image Recognition In Retail Market by Deployment Type
11.2.7.6.4Rest of Europe Image Recognition In Retail Market by Application
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Image Recognition In Retail Market Overview
11.3.2Asia-Pacific Image Recognition In Retail Market Forecasts and Analysis
11.3.3Asia-Pacific Image Recognition In Retail Market Forecasts and Analysis - By Technology
11.3.4Asia-Pacific Image Recognition In Retail Market Forecasts and Analysis - By Component
11.3.5Asia-Pacific Image Recognition In Retail Market Forecasts and Analysis - By Deployment Type
11.3.6Asia-Pacific Image Recognition In Retail Market Forecasts and Analysis - By Application
11.3.7Asia-Pacific Image Recognition In Retail Market Forecasts and Analysis - By Countries
11.3.7.1Australia Image Recognition In Retail Market
11.3.7.1.1Australia Image Recognition In Retail Market by Technology
11.3.7.1.2Australia Image Recognition In Retail Market by Component
11.3.7.1.3Australia Image Recognition In Retail Market by Deployment Type
11.3.7.1.4Australia Image Recognition In Retail Market by Application
11.3.7.2China Image Recognition In Retail Market
11.3.7.2.1China Image Recognition In Retail Market by Technology
11.3.7.2.2China Image Recognition In Retail Market by Component
11.3.7.2.3China Image Recognition In Retail Market by Deployment Type
11.3.7.2.4China Image Recognition In Retail Market by Application
11.3.7.3India Image Recognition In Retail Market
11.3.7.3.1India Image Recognition In Retail Market by Technology
11.3.7.3.2India Image Recognition In Retail Market by Component
11.3.7.3.3India Image Recognition In Retail Market by Deployment Type
11.3.7.3.4India Image Recognition In Retail Market by Application
11.3.7.4Japan Image Recognition In Retail Market
11.3.7.4.1Japan Image Recognition In Retail Market by Technology
11.3.7.4.2Japan Image Recognition In Retail Market by Component
11.3.7.4.3Japan Image Recognition In Retail Market by Deployment Type
11.3.7.4.4Japan Image Recognition In Retail Market by Application
11.3.7.5South Korea Image Recognition In Retail Market
11.3.7.5.1South Korea Image Recognition In Retail Market by Technology
11.3.7.5.2South Korea Image Recognition In Retail Market by Component
11.3.7.5.3South Korea Image Recognition In Retail Market by Deployment Type
11.3.7.5.4South Korea Image Recognition In Retail Market by Application
11.3.7.6Rest of Asia-Pacific Image Recognition In Retail Market
11.3.7.6.1Rest of Asia-Pacific Image Recognition In Retail Market by Technology
11.3.7.6.2Rest of Asia-Pacific Image Recognition In Retail Market by Component
11.3.7.6.3Rest of Asia-Pacific Image Recognition In Retail Market by Deployment Type
11.3.7.6.4Rest of Asia-Pacific Image Recognition In Retail Market by Application
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Image Recognition In Retail Market Overview
11.4.2Middle East and Africa Image Recognition In Retail Market Forecasts and Analysis
11.4.3Middle East and Africa Image Recognition In Retail Market Forecasts and Analysis - By Technology
11.4.4Middle East and Africa Image Recognition In Retail Market Forecasts and Analysis - By Component
11.4.5Middle East and Africa Image Recognition In Retail Market Forecasts and Analysis - By Deployment Type
11.4.6Middle East and Africa Image Recognition In Retail Market Forecasts and Analysis - By Application
11.4.7Middle East and Africa Image Recognition In Retail Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Image Recognition In Retail Market
11.4.7.1.1South Africa Image Recognition In Retail Market by Technology
11.4.7.1.2South Africa Image Recognition In Retail Market by Component
11.4.7.1.3South Africa Image Recognition In Retail Market by Deployment Type
11.4.7.1.4South Africa Image Recognition In Retail Market by Application
11.4.7.2Saudi Arabia Image Recognition In Retail Market
11.4.7.2.1Saudi Arabia Image Recognition In Retail Market by Technology
11.4.7.2.2Saudi Arabia Image Recognition In Retail Market by Component
11.4.7.2.3Saudi Arabia Image Recognition In Retail Market by Deployment Type
11.4.7.2.4Saudi Arabia Image Recognition In Retail Market by Application
11.4.7.3U.A.E Image Recognition In Retail Market
11.4.7.3.1U.A.E Image Recognition In Retail Market by Technology
11.4.7.3.2U.A.E Image Recognition In Retail Market by Component
11.4.7.3.3U.A.E Image Recognition In Retail Market by Deployment Type
11.4.7.3.4U.A.E Image Recognition In Retail Market by Application
11.4.7.4Rest of Middle East and Africa Image Recognition In Retail Market
11.4.7.4.1Rest of Middle East and Africa Image Recognition In Retail Market by Technology
11.4.7.4.2Rest of Middle East and Africa Image Recognition In Retail Market by Component
11.4.7.4.3Rest of Middle East and Africa Image Recognition In Retail Market by Deployment Type
11.4.7.4.4Rest of Middle East and Africa Image Recognition In Retail Market by Application
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Image Recognition In Retail Market Overview
11.5.2South and Central America Image Recognition In Retail Market Forecasts and Analysis
11.5.3South and Central America Image Recognition In Retail Market Forecasts and Analysis - By Technology
11.5.4South and Central America Image Recognition In Retail Market Forecasts and Analysis - By Component
11.5.5South and Central America Image Recognition In Retail Market Forecasts and Analysis - By Deployment Type
11.5.6South and Central America Image Recognition In Retail Market Forecasts and Analysis - By Application
11.5.7South and Central America Image Recognition In Retail Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Image Recognition In Retail Market
11.5.7.1.1Brazil Image Recognition In Retail Market by Technology
11.5.7.1.2Brazil Image Recognition In Retail Market by Component
11.5.7.1.3Brazil Image Recognition In Retail Market by Deployment Type
11.5.7.1.4Brazil Image Recognition In Retail Market by Application
11.5.7.2Argentina Image Recognition In Retail Market
11.5.7.2.1Argentina Image Recognition In Retail Market by Technology
11.5.7.2.2Argentina Image Recognition In Retail Market by Component
11.5.7.2.3Argentina Image Recognition In Retail Market by Deployment Type
11.5.7.2.4Argentina Image Recognition In Retail Market by Application
11.5.7.3Rest of South and Central America Image Recognition In Retail Market
11.5.7.3.1Rest of South and Central America Image Recognition In Retail Market by Technology
11.5.7.3.2Rest of South and Central America Image Recognition In Retail Market by Component
11.5.7.3.3Rest of South and Central America Image Recognition In Retail Market by Deployment Type
11.5.7.3.4Rest of South and Central America Image Recognition In Retail Market by Application
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.IMAGE RECOGNITION IN RETAIL MARKET, KEY COMPANY PROFILES
13.1.AMAZON WEB SERVICES, INC.
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.CATCHOOM
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.IBM CORPORATION
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.INTELLIGENCE RETAIL
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.LTUTECH
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.MICROSOFT
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.NEC CORPORATION
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.QUALCOMM TECHNOLOGIES, 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.SLYCE 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.TRAX IMAGE RECOGNITION
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. Amazon Web Services, Inc.
2. Catchoom
3. IBM Corporation
4. Intelligence Retail
5. LTUTech
6. Microsoft
7. NEC Corporation
8. Qualcomm Technologies, Inc.
9. Slyce Inc.
10. TRAX IMAGE RECOGNITION
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Apr 2024
Engineering Professional Services Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Consulting, Non-Consulting), Service Type (Designing and Construction, ESG, Program Management, Others), Sector (Private, Public), Vertical (Advanced Manufacturing, Infrastructure, Energy and Utilities, Environmental, Transportation, Others), Advanced Manufacturing (Data Center, Life Sciences, Electronics, and Semiconductor, EV and EV Battery, Others), Infrastructure (Buildings and Cities, Health Infrastructure, Telecommunication Infrastructure, Others), Energy And Utilities (Renewables, Energy Storage, Transmission and Distribution), Transportation (Aviation, Highways and Bridges, Ports and Maritime, Rail and Transit), Water (Water, Wastewater), and Geography (Americas, Europe, Asia Pacific and Middle East and Africa)
Apr 2024
Virtual Reality Puzzle Games Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Age (18 to 34 Years, Above 35 Years, 13 to 17 Years, and Upto 12 Years), Player Type (Single Player and Multi Player), and End Users (Individuals and Professionals)
Apr 2024
Inspection Software for Government Services Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Services (Implementation and Deployment, Support and Maintenance, Training, and Consulting), Deployment (Cloud and On-premises), Application (Permitting and Licensing Management, Inspection and Scheduling Management, Contract Management, and Others), and End User (Local Government, State Government, and Federal Government)
Apr 2024
Spend Analytics for Electronics and Semiconductor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Component (Software and Service), Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Deployment (On-premise and Cloud), and Application (Financial Management, Risk Management, Governance and Compliance Management, Supplier Sourcing and Performance Management, Demand and Supply Forecasting, and Others)
Apr 2024
Photonic Design Automation Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Service), Deployment (On-Premise and Cloud), Organization Size (SMEs and Large Enterprises), and Application (Academic Research and Industrial Research & Manufacturing)
Apr 2024
Voice-based Payments Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware and Software), By Enterprise Size (Large Enterprises and Small and Medium-Sized Enterprises), By Industry (BFSI, Automotive, Healthcare, Retail, Government, and Others), and by Geography
Apr 2024
Private 5G Network Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services); Frequency (Sub-6 GHz and mmWave), End User (Manufacturing, Energy and Utilities, Automotive, Military and Defense, Government and Public Safety, and Others)
Apr 2024
Unified Threat Management Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services); Deployment (Cloud and On-Premise); Enterprise Size (Large Enterprises and SMEs); and End Users (BFSI, Manufacturing, Healthcare, Retail, Government, IT & Telecom, and Others)