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Library Management Software Market, By Deployment (On-premise and Cloud-based), by Service (Library Automation, Barcode Generation, Transaction Management, and Database Management), by End User and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

155 Pages | Published Date : June 2019  | Report Code: AV306 | Report Format: PDF

REPORT HIGHLIGHT

The library management software Market was valued at USD XX billion by 2017, growing with XX% CAGR during the forecast period, 2018-2025.

Market Dynamics

Library management software is used to manage the whole library. Thus it becomes easy to get information about the books present in the library to the readers as well as to the staff. The Worldwide market of library management software is anticipated to witness an upsurge due to the ever-increasing necessity of bringing about the automation of library operations that facilitates better administration of information resources.

Software development is a crucial aspect that is likely to be instrumental in bringing about sustainable market growth during the projection period that delivers well-organized supervisory solutions. Moreover, as the steady increase in the smartphone market and mobile applications that are combined over innovative library systems technologies deliver advantages such as online subscription and SMS alerts which will drive the industry.

Apprehensions over unauthorized access and data privacy are likely to hinder the progress of the market for library management software. However, definite practiced standards of protocols and values can be executed for minimizing the possibility of a data breach. Also the popularity of open-source library management can hamper this market all over the world.

Deployment Takeaway

The demand of on-premises solutions for giving comfort and suitable environment coupled with increase in number of students will accelerate the market in near future. The demand of cloud-based library management software will also boost in near future as end-users need vendors who can take care of their data present in cloud.

Service Takeaway

Services are divided into Library Automation, Barcode Generation, Transaction Management, Database Management, and Others. As per the market report of the the global library automation service systems, the forces perpetuating the growth of the market are the surging demand for automation services and the necessity for efficient database management systems. In addition, the increase in the use of Information and Communication Technology (ICT) for automation of core functions, resource sharing, and automated cataloguing are factors further expected to drive growth of the library automation service systems market.

End User Takeaway

Based on end-user the market is segmented into School library and Public Library. The school library section embodied the biggest market share owing to the pronounced requirement for libraries internationally. It is also projected that the section will grow faster during the forecasted period due to the increasing number of universities and schools on a global scale. Besides, it is extensively used for learning commitments that comprise reports, journals, magazines, and articles. It is probable that the improved conditioning of students to assemble and contrive fresh info, for preparatory studies, projects, various competitions and will provide impetus to the market throughout the projection period.

Public library makes a significant contribution for the bulk of the market share and is estimated to observe profitable resurgence through the estimated period due to attributes like interface for multiple languages, compatible with several formats and ease of use across multiple devices and platform as and when needed. However, it is projected that the augmented usage of the Internet in emerging economies will escalate the demand for cloud-based software. On the other hand, it is quite possible that their disposition in intended facilities matures at a comparatively sluggish rate throughout the estimated period owing to the growing paradigm shift towards cloud-oriented solutions all over the world

Regional Insight

North America has the largest market share throughout the forecast period which could be attributed to reasons, such as growing use of online library information online together with comparative simplicity of usage and working adeptness is projected to catapult the market in the region. Besides, the Asia Pacific market will witness growth at the maximum CAGR rate through the forecast period, considering the rising number of scholastic organizations and their conditioning to new technologies.

The rising demand for library management software in the Asia Pacific is anticipated to promote upsurge market in market development throughout the forecast period. Besides, there is a comparative progression in the usage of libraries in South East Asia, with main countries like Japan, India, and China. It is expected that the industry will flourish in Africa, the Middle Eastern region, South and Central America, will witness a sturdy development all through the anticipated period owing to the rising consciousness about the need of education.

Key Vendor Takeaway

Key players profiled in the global library automation service systems market report are CR2 Technologies Limited, Book Systems, LIBSYS, Equinox Open Library Initiative, PrimaSoft PC, The Library Corporation, Library Automation Technologies, Agent Information Software, OCLC, PTFS, Infor, Capita plc, Ex Libris Limited, and Sirsi Corporation.

In the coming years, stalwarts of this industry will strengthen their existence in the regions where library management software has not yet penetrated the market. Hence, the region around the Asia Pacific presents comparatively high development prospects, with major emphasis on China and India. Major players in the market include Innovative Interfaces, Civica, ProQuest, SirsiDynix and Follett.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY DEPLOYMENT

  • On-premise
  • Cloud-based

MARKET, BY SERVICE

  • Library Automation
  • Barcode Generation
  • Transaction Management
  • Database Management
  • Others

MARKET, BY END-USER

  • School library
  • Public Library

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. LIBRARY MANAGEMENT SOFTWARE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Deployment
2.1.2. Market Snippet by Service
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. LIBRARY MANAGEMENT SOFTWARE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. LIBRARY MANAGEMENT SOFTWARE INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. LIBRARY MANAGEMENT SOFTWARE MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. LIBRARY MANAGEMENT SOFTWARE MARKET – BY DEPLOYMENT
6.1. Overview
6.1.1. Segment Share Analysis, By Deployment, 2017 & 2025 (%)
6.2. On-Premise
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Cloud-based
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. LIBRARY MANAGEMENT SOFTWARE MARKET – BY SERVICE
7.1. Overview
7.1.1. Segment Share Analysis, By Service, 2017 & 2025 (%)
7.2. Library Automation
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Barcode Generation
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Transaction Management
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Database Management
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6. Others
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. LIBRARY MANAGEMENT SOFTWARE MARKET – BY END USE
8.1. Overview
8.1.1. Segment Share Analysis, By End Use, 2017 & 2025 (%)
8.2. School library
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Public Library
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. LIBRARY MANAGEMENT SOFTWARE MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.2.4. North America Market Size and Forecast, By Deployment, 2014 – 2025 (US$ Million)
9.2.5. North America Market Size and Forecast, By Service, 2014 – 2025 (US$ Million)
9.2.6. North America Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Deployment, 2014 – 2025 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Service, 2014 – 2025 (US$ Million)
9.3.6. Europe Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.3.7. France
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.8. Germany
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.9. Rest of Europe
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Deployment, 2014 – 2025 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Service, 2014 – 2025 (US$ Million)
9.4.6. Asia Pacific Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.8. India
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Rest of the World
9.5.1. Overview
9.5.2. Key Manufacturers in Rest of the World
9.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
9.5.4. Rest of the World Market Size and Forecast, By Deployment, 2014 – 2025 (US$ Million)
9.5.5. Rest of the World Market Size and Forecast, By Service, 2014 – 2025 (US$ Million)
9.5.6. Rest of the World Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.5.7. Latin America
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.8. Middle East and Africa
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. CR2 Technologies Limited
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Book Systems
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Strategic Initiatives
10.3. LIBSYS
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Strategic Initiatives
10.4. Equinox Open Library Initiative
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Strategic Initiatives
10.5. PrimaSoft PC
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Strategic Initiatives
10.6. The Library Corporation
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Strategic Initiatives
10.7. Library Automation Technologies
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Strategic Initiatives
10.8. Agent Information Software
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Strategic Initiatives
10.9. OCLC
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Strategic Initiatives
10.10. PTFS
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Strategic Initiatives
10.11. Infor
10.11.1. Company Snapshot
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Strategic Initiatives
10.12. Capita plc
10.12.1. Company Snapshot
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Strategic Initiatives
10.13. Ex Libris Limited
10.13.1. Company Snapshot
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Strategic Initiatives
10.14. Sirsi Corporation
10.14.1. Company Snapshot
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Strategic Initiatives
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us

List of Tables
TABLE List of data Deployments
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Library Management Software market: Deployment snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Deployment
TABLE Global Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Library Management Software market: Service snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Service
TABLE Global Library Management Software market, by Service 2014-2025 (USD Million)
TABLE Library Management Software market: End Use snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by End Use
TABLE Global Library Management Software market, by End Use 2014-2025 (USD Million)
TABLE Library Management Software market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Library Management Software market, by region 2014-2025 (USD Million)
TABLE North America Library Management Software market, by country, 2014-2025 (USD Million)
TABLE North America Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE North America Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE North America Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE U.S. Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE U.S. Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE U.S. Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Canada Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Canada Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Canada Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Europe Library Management Software market, by country, 2014-2025 (USD Million)
TABLE Europe Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Europe Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Europe Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Germany Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Germany Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Germany Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE U.K. Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE U.K. Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE U.K. Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Rest of the Europe Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Rest of the Europe Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Rest of the Europe Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Asia Pacific Library Management Software market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Asia Pacific Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Asia Pacific Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Japan Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Japan Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Japan Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE China Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE China Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE China Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Rest of Asia Pacific Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Rest of the World Library Management Software market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Rest of the World Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Rest of the World Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Latin America Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Latin America Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Latin America Library Management Software market, by End Use, 2014-2025 (USD Million)
TABLE Middle East and Africa Library Management Software market, by Deployment, 2014-2025 (USD Million)
TABLE Middle East and Africa Library Management Software market, by Service, 2014-2025 (USD Million)
TABLE Middle East and Africa Library Management Software market, by End Use, 2014-2025 (USD Million)

List of Figures
FIGURE Library Management Software market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Deployment segment market share analysis, 2017 & 2025
FIGURE Deployment segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE On-Premise market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Cloud-base market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Service segment market share analysis, 2017 & 2025
FIGURE Service segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Library Automation market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Barcode Generations market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Transaction Management market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Database Management market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE End Use segment market share analysis, 2017 & 2025
FIGURE End Use segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE School library market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Public library market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Library Management Software market share and leading players, 2018
FIGURE Europe Library Management Software market share and leading players, 2018
FIGURE Asia Pacific Library Management Software market share and leading players, 2018
FIGURE Latin America Library Management Software market share and leading players, 2018
FIGURE Middle East and Africa Library Management Software market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Deployment launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Deployment developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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