What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

What does a company profile includes?

The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Point-Of-Sale Terminals Market By Component (Software, Hardware), By Product (Fixed, Mobile),By Application (Retail, Healthcare), By Deployment (On-premise, Cloud), By Region and Segment Forecasts from 2021 to 2028

Publish Date: Jun, 2021
Report ID: 419496
Category: Technology
Pages: 224

$4700

The Point-Of-Sale Terminals Market is expected to grow from USD 75.05 billion in 2020 to USD 129.92billion by 2028, at a CAGR of 7.10% during the forecast period 2021-2028.

A point-of-sale (POS) terminal is a device used to accept credit cards at retail businesses. The gear includes software that reads magnetic strips from credit and debit cards. The next generation of POS systems includes proprietary and third-party portable devices, and also contactless capabilities for emerging forms of mobile payments.The current trend has been towards software-based POS systems that can be installed onto a tablet or other mobile device, rather than traditional proprietary hardware. POS terminal manufacturers are releasing their own versions of portable and mobile POS terminals in order to keep ahead of the competition.

With the improvement of technology and the rise of POS terminal solutions, the Point of Sale (POS) terminal industry has seen a remarkable turnaround and development. With e-mailed receipts and electronic signature capture, POS terminals are slowly but surely shifting to a digital format, allowing for paperless transactions.The overall POS terminals market is being driven by rising credit and debit card adoption. Furthermore, developments in payment technology, and the shift to EMV (Europay, MasterCard, Visa) chip card payment, are expected to propel market growth in the future years.

Data breaches have caused privacy and security concerns in the POS terminals market in recent years. However, the global payments industry's move to more secure chip card technology is likely to mitigate the effects of this challenge. Furthermore, despite the fact that the COVID-19 pandemic resulted in a drop in overall market growth due to supply chain interruption and end-user revenue loss, the need for mobile point-of-sale (POS) terminals to support contactless payment was recognised.

The study on global market for Point-Of-Sale (POS) Terminals Market is divided into five segments: by component, product, application, deployment and region. The component segment is analysed based on the software and hardware at offer. Fixed and Mobile are the categories for Product segment. Similarly, the Application the segment is divided based on the usage of the system in various businesses i.e., at Retail and Healthcare. The Deployment segment is divided based on the delivery mode on cloud or at the premises.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Over the forecast period, Asia Pacific is predicted to be the fastest-growing regional market. Government measures to promote a cashless economy are driving increased demand for POS terminals in this region.A surge in the adoption of digital payment technologies in Asia Pacific has produced a source of mPOS prospects in countries like China, Japan, and India, which is projected to limit regional market growth for fixed POS terminals throughout the forecast period.In 2020, North America was the second-largest regional market, and it will continue to grow steadily from 2021 to 2028. Product demand in the region has been driven by the expanding variety of payment technologies, such as NFC and contactless payments.Wal-Mart, Costco Wholesale Corporation, Target, The Kroger Co, The Home Depot, and Amazon are just a few of the huge retail brands in the United States that rely on POS terminals to manage payment, billing, personnel duty, and inventory on a daily basis.

Some of the notable players in the market are Ingenico Group, NCR Corp., VeriFone Systems, Inc., PAX Technology, Inc., Fujian Newland Payment Technology Co. Ltd., Revel System, Inc., Oracle Corp., ShopKeep. HP Inc. offered new cloud services called Engage POS in January 2020. The goal of the launch was to assist merchants and hospitality businesses in minimising manual IT work. Ingenico, a leading manufacturer of point-of-sale terminals, was also acquired by Worldline in order to expand into the global market.

Point-Of-Sale Terminals Market Analysis and Forecast, Component

Software
Hardware

Point-Of-Sale Terminals Market Analysis and Forecast, Product

Fixed
Mobile

Point-Of-Sale Terminals Market Analysis and Forecast, Application

Retail
Healthcare

Point-Of-Sale Terminals Market Analysis and Forecast, Deployment

On-premise
Cloud

Point-Of-Sale Terminals Market Analysis and Forecast, Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Sweden
- Netherland
- U.K.
- Italy
- Spain
- Turkey
- Switzerland
- Belgium
- Rest Of Europe
Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest Of APAC
South America
- Brazil
- Argentina
- Peru
- Colombia
- Rest Of South America
Middle East And Africa
- UAE
- Saudi Arabia
- Egypt
- Nigeria
- South Africa
- Rest Of MEA

Report Description:

The base year for the study has been considered 2020, historic year 2018 and 2019, the forecast period considered is from 2021 to 2028.
The study delivers a comprehensive analysis of global market for all segments and region
The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2021 to 2028.
Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Component
          4.3.2. Market Attractiveness Analysis By Product
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Deployment
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Shift to Digitization
          5.2.2. Rise in adoption of card payments
    5.3. Restraints
          5.3.1. Privacy and security concerns
          5.3.2. COVID-19 Impact on supply chain issues
    5.4. Opportunities
          5.4.1. Need for mobile point-of-sale (mPOS) terminals post the pandemic.
6. Global Point-Of-Sale Terminals Market Analysis and Forecast, By Component
    6.1. Segment Overview
    6.2. Software
    6.3. Hardware
7. Global Point-Of-Sale Terminals MarketAnalysis and Forecast, By Product
    7.1. Segment Overview
    7.2. Fixed
    7.3. Mobile
8. Global Point-Of-Sale Terminals Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Retail
    8.3. Healthcare
9. Global Point-Of-Sale Terminals Market Analysis and Forecast, By Deployment
    9.1. Segment Overview
    9.2. On-premise
    9.3. Cloud
10. Global Point-Of-Sale Terminals Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa
11. Global Point-Of-Sale Terminals Market-Competitive Landscape
    11.1 Overview
    11.2 Market Share of Key Players in Global Pet Care Treatment Market
          11.2.1 Global Company Market Share
          11.2.2 North America Company Market Share
          11.2.3 Europe Company Market Share
          11.2.4 APAC Company Market Share
    11.3 Competitive Situations and Trends
          11.3.1 Product Launches and Developments
          11.3.2 Partnerships, Collaborations, and Agreements
          11.3.3 Mergers & Acquisitions
          11.3.4 Expansions
12. Company Profiles
    12.1 Ingenico Group
          12.1.1 Business Overview
          12.1.2 Company Snapshot
          12.1.3 Company Market Share Analysis
          12.1.4 Company Product Portfolio
          12.1.5 Recent Developments
          12.1.6 SWOT Analysis
    12.2 NCR Corp.
          12.2.1 Business Overview
          12.2.2 Company Snapshot
          12.2.3 Company Market Share Analysis
          12.2.4 Company Product Portfolio
          12.2.5 Recent Developments
          12.2.6 SWOT Analysis
    12.3 VeriFone Systems, Inc.
          12.3.1 Business Overview
          12.3.2 Company Snapshot
          12.3.3 Company Market Share Analysis
          12.3.4 Company Product Portfolio
          12.3.5 Recent Developments
          12.3.6 SWOT Analysis
    12.4 PAX Technology, Inc.
          12.4.1 Business Overview
          12.4.2 Company Snapshot
          12.4.3 Company Market Share Analysis
          12.4.4 Company Product Portfolio
          12.4.5 Recent Developments
          12.4.6 SWOT Analysis
    12.5 Fujian Newland Payment Technology Co. Ltd.
          12.5.1 Business Overview
          12.5.2 Company Snapshot
          12.5.3 Company Market Share Analysis
          12.5.4 Company Product Portfolio
          12.5.5 Recent Developments
          12.5.6 SWOT Analysis
    12.6 Revel System, Inc.
          12.6.1 Business Overview
          12.6.2 Company Snapshot
          12.6.3 Company Market Share Analysis
          12.6.4 Company Product Portfolio
          12.6.5 Recent Developments
          12.6.6 SWOT Analysis
    12.7 Oracle Corp.
          12.7.1 Business Overview
          12.7.2 Company Snapshot
          12.7.3 Company Market Share Analysis
          12.7.4 Company Product Portfolio
          12.7.5 Recent Developments
          12.7.6 SWOT Analysis
    12.8 ShopKeep
          12.8.1 Business Overview
          12.8.2 Company Snapshot
          12.8.3 Company Market Share Analysis
          12.8.4 Company Product Portfolio
          12.8.5 Recent Developments
          12.8.6 SWOT Analysis

List of Table

1. Global Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

2. Global Software, Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

3. GlobalHardware,Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

4. Global Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

5. Global Fixed, Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

6. Global Mobile, Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

7. Global Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

8. Global Retail, Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

9. Global Healthcare, Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

10. Global Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

11. Global On-premise, Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

12. Global Cloud, Point-Of-Sale Terminals Market, By Region, 2018-2028 (USD Billion)

13. North America Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

14. North America Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

15. North America Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

16. North America Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

17. U.S. Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

18. U.S. Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

19. U.S. Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

20. U.S. Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

21. Canada Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

22. CanadaPoint-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

23. CanadaPoint-Of-Sale Terminals Market, By Application,2018-2028 (USD Billion)

24. CanadaPoint-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

25. Mexico Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

26. Mexico Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

27. Mexico Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

28. Mexico Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

29. Europe Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

30. Europe Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

31. Europe Point-Of-Sale Terminals Market, By Application,2018-2028 (USD Billion)

32. Europe Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

33. Germany Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

34. Germany Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

35. Germany Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

36. Germany Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

37. France Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

38. France Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

39. France Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

40. France Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

41. U.K. Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

42. U.K. Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

43. U.K. Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

44. U.K. Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

45. Italy Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

46. Italy Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

47. Italy Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

48. Italy Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

49. Spain Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

50. Spain Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

51. Spain Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

52. Spain Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

53. Asia Pacific Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

54. Asia Pacific Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

55. Asia Pacific Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

56. Asia Pacific Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

57. Japan Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

58. Japan Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

59. Japan Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

60. Japan Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

61. China Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

62. China Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

63. China Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

64. China Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

65. India Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

66. India Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

67. India Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

68. India Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

69. South America Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

70. South America Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

71. South America Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

72. South America Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

73. Brazil Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

74. Brazil Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

75. Brazil Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

76. Brazil Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

77. Middle East and Africa Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

78. Middle East and Africa Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

79. Middle East and Africa Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

80. Middle East and Africa Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

81. UAE Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

82. UAE Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

83. UAE Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

84. UAE Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

85. South Africa Point-Of-Sale Terminals Market, By Component, 2018-2028 (USD Billion)

86. South Africa Point-Of-Sale Terminals Market, By Product, 2018-2028 (USD Billion)

87. South Africa Point-Of-Sale Terminals Market, By Application, 2018-2028 (USD Billion)

88. South Africa Point-Of-Sale Terminals Market, By Deployment, 2018-2028 (USD Billion)

List of Figures

1. Global Point-Of-Sale Terminals MarketSegmentation

2. Global Point-Of-Sale Terminals Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis

7. Value Chain Analysis

8. Global Point-Of-Sale Terminals Market Attractiveness Analysis By Component

9. Global Point-Of-Sale Terminals Market Attractiveness Analysis By Product

10. Global Point-Of-Sale Terminals Market Attractiveness Analysis By Application

11. Global Point-Of-Sale Terminals Market Attractiveness Analysis By Deployment

12. Global Point-Of-Sale Terminals Market Attractiveness Analysis By Region

13. Global Point-Of-Sale Terminals Market: Dynamics

14. Global Point-Of-Sale Terminals Market Share by Component(2021& 2028)

15. Global Point-Of-Sale Terminals Market Share by Product (2021& 2028)

16. Global Point-Of-Sale Terminals Market Share by Application (2021 & 2028)

17. Global Point-Of-Sale Terminals Market Share by Deployment (2021 & 2028)

18. Global Point-Of-Sale Terminals Market Share by Regions (2021& 2028)

19. Global Point-Of-Sale Terminals Market Share by Company (2020)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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ONDŘEJ ŠUPKA
Analytics Department
ČESKÁ ZBROJOVKA A.S.

Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!