Transportation Management System (TMS) Market by Deployment (On-premise, Cloud), By Mode of Transportation (Roadways, Railways, Airways, and Waterways) Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

  • Publish Date: Sep, 2022
  • Report ID: 420103
  • Category: Technology
  • Pages: 235
$4700

The Transportation Management System market is expected to grow from USD 48.9 Billion in 2020 to USD 134.67 Billion by 2028, at a CAGR of 13.5% during the forecast period 2021-2028.

A transportation management system (TMS) is a logistics platform that employs technology to assist organizations in planning, executing, and optimizing the physical movement of goods, both arriving and leaving, while also ensuring compliance and adequate paperwork. Transportation Management Systems (TMS) assist businesses and organizations in some of the major operating activities and functionalities connected with procurement and freight consignment, such as accurate freight audit, payouts, route planning & optimization, yard management, load building, order visibility, and carrier management.

The rise of the e-commerce business and technological advancements in the transportation and logistics industries are propelling the worldwide transportation management system market forward. As the complexities of logistics and transportation increase, the need for transportation management systems cannot be overstated. Smarter and more efficient transportation operations are enabled by advanced technologies such as the Internet of Things (IoT), big data, and Artificial Intelligence (AI). The growing preference for SaaS-based TMS solutions is the primary driver of TMS industry sales growth. Furthermore, the requirement to replace and update existing and traditional transportation management systems is projected to fuel demand for advanced transportation management solutions. Data exploitation and theft risks are increasing as shippers, forwarders, transportation companies, and infrastructure providers digitize their processes. Data from businesses may leak across the internet and be accessed by unauthorized people, limiting the market growth. Over the last few years, the transportation and logistics industries have seen a growth in the use of self-driving vehicles. Autonomous vehicles promise to revolutionize logistics by unlocking new levels of safety, efficiency, and quality, from trucks to last-mile robots. Many firms are attempting to hasten the adoption of fully driverless vehicles. This opens the market to new opportunities for market development.

This study delivers a comprehensive analysis of deployment, mode of transportation, and region. Based on deployment, the Transportation Management System (TMS) Market is segmented into On-premise and Cloud. The on-premise segment dominated the market with the largest market share in the year 2020. Several large-scale manufacturing and distribution organizations favor on-premise TMS due to data security needs, easy access to the server, and greater customization control. Because the TMS is licensed and installed on an organization's premises, there is a higher level of security than with a cloud computing architecture. But more and more companies are switching to cloud-based transportation management systems. It provides many of the same commercial advantages, such as increased economies of scale, the cheaper total cost of ownership, no upgrading fees, and a faster return on investment (ROI). Based on the mode of transportation, the Transportation Management System (TMS) Market is segmented into Roadways, Railways, Airways, and Waterways. The Roadway segment dominated the market with the largest market share in the year 2020. It is regarded as less expensive and more versatile than other options because it allows for loading and unloading at any location. Simultaneously, different governments, particularly in emerging nations, are pursuing programs to upgrade transportation infrastructure, which is projected to stimulate demand for logistics via roadways and expand the highway segment.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American region dominated the market with the largest market share in 2020. Roadways are widely used as the principal means of transportation for moving freight in North America. Furthermore, the region is home to some of the largest TMS suppliers, like In for Inc., 3GTMS, Cerasis Inc., and International Business MachinesCorp., which helps the regional market's growth. Along with the spread of cloud computing technologies, the growing usage of RFID technology in the supply chain system has spurred market momentum in the region.

The major players in the TMS market are Oracle, SAP, Blue Yonder, Manhattan Associates, C.H. Robinson, Blujay Solutions, MercuryGate International, Transplace, Descartes Systems Group, E2open, Alpega Group, 3T Logistics & Technology Group, GlobalTranz, InMotion Global, vTradEx, MP Objects, Logistically, One Network Enterprises, Elemica, Tailwind Transportation Software, IntelliTrans, Allotrac, Revenova, Fretron, Ratelinx, Tracx Systems, WiseTech Global, Princeton TMX, CTSI Global, and Supplystack.

Transportation Management System Market Analysis and Forecast, Deployment.

  • Cloud based deployment
  • On-Premise Deployment

Transportation Management System Market Analysis and Forecast, Mode of transportation.

  • Railways
  • Roadways
  • Waterways
  • Airways

Transportation Management System 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, the historic year 2018, and 2019, the forecast period considered is from 2021 to 2028.
  • The study delivers a comprehensive analysis of the global market for all segments and regions. 
  • The report offers an in-depth analysis of driving factors, opportunities, and restraints for gaining key insight into the market. The report emphasizes all the key trends that play a vital role in enlarging 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 opportunities for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and 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.

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 Deployment
          4.3.2. Market Attractiveness Analysis By Mode of Transportation
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increase in e-commerce.
          5.2.2. Accumulation of technologies like IoT and AI in transportation.
    5.3. Restrains
          5.3.1. Data exploitation and threat risks.
    5.4. Opportunities
          5.4.1. Developing autonomous vehicles.
6. Global Transportation Management System Market Analysis and Forecast, By Deployment
    6.1. Segment Overview
    6.2. On-premise deployment
    6.3. Cloud deployment
7. Global Transportation Management System Market Analysis and Forecast, By Mode of Transportation.
    7.1. Segment Overview
    7.2. Railways
    7.3. Roadways
    7.4. Airways
    7.5. Waterways.
8. Global Transportation Management System Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global Transportation Management System Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Transportation Management System Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Oracle
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. SAP.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Blue Yonder
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Manhattan Associates
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. C.H. Robinson
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Blujay Solutions
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. MercuryGate International.
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Transplace
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Descartes Systems Group
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. E2open
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Alpega Group
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. 3T Logistics & Technology Group
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. GlobalTranz
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. InMotion Global
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. vTradEx
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Product Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis
    10.16. MP Objects
          10.16.1. Business Overview
          10.16.2. Company Snapshot
          10.16.3. Company Market Share Analysis
          10.16.4. Company Product Portfolio
          10.16.5. Recent Developments
          10.16.6. SWOT Analysis
    10.17. Logistically
          10.17.1. Business Overview
          10.17.2. Company Snapshot
          10.17.3. Company Market Share Analysis
          10.17.4. Company Product Portfolio
          10.17.5. Recent Developments
          10.17.6. SWOT Analysis
    10.18. One Network Enterprises
          10.18.1. Business Overview
          10.18.2. Company Snapshot
          10.18.3. Company Market Share Analysis
          10.18.4. Company Product Portfolio
          10.18.5. Recent Developments
          10.18.6. SWOT Analysis
    10.19. Elemica
          10.19.1. Business Overview
          10.19.2. Company Snapshot
          10.19.3. Company Market Share Analysis
          10.19.4. Company Product Portfolio
          10.19.5. Recent Developments
          10.19.6. SWOT Analysis
    10.20. Tailwind Transportation Software
          10.20.1. Business Overview
          10.20.2. Company Snapshot
          10.20.3. Company Market Share Analysis
          10.20.4. Company Product Portfolio
          10.20.5. Recent Developments
          10.20.6. SWOT Analysis
    10.21. IntelliTrans
          10.21.1. Business Overview
          10.21.2. Company Snapshot
          10.21.3. Company Market Share Analysis
          10.21.4. Company Product Portfolio
          10.21.5. Recent Developments
          10.21.6. SWOT Analysis

    10.22. Allotrac
          10.22.1. Business Overview
          10.22.2. Company Snapshot
          10.22.3. Company Market Share Analysis
          10.22.4. Company Product Portfolio
          10.22.5. Recent Developments
          10.22.6. SWOT Analysis
    10.23. Revenova
          10.23.1. Business Overview
          10.23.2. Company Snapshot
          10.23.3. Company Market Share Analysis
          10.23.4. Company Product Portfolio
          10.23.5. Recent Developments
          10.23.6. SWOT Analysis
    10.24. Fretron
          10.24.1. Business Overview
          10.24.2. Company Snapshot
          10.24.3. Company Market Share Analysis
          10.24.4. Company Product Portfolio
          10.24.5. Recent Developments
          10.24.6. SWOT Analysis
    10.25. Ratelinx, Tracx Systems
          10.25.1. Business Overview
          10.25.2. Company Snapshot
          10.25.3. Company Market Share Analysis
          10.25.4. Company Product Portfolio
          10.25.5. Recent Developments
          10.25.6. SWOT Analysis
    10.26. WiseTech Global
          10.26.1. Business Overview
          10.26.2. Company Snapshot
          10.26.3. Company Market Share Analysis
          10.26.4. Company Product Portfolio
          10.26.5. Recent Developments
          10.26.6. SWOT Analysis
    10.27. Princeton TMX
          10.27.1. Business Overview
          10.27.2. Company Snapshot
          10.27.3. Company Market Share Analysis
          10.27.4. Company Product Portfolio
          10.27.5. Recent Developments
          10.27.6. SWOT Analysis
    10.28. CTSI Global
          10.28.1. Business Overview
          10.28.2. Company Snapshot
          10.28.3. Company Market Share Analysis
          10.28.4. Company Product Portfolio
          10.28.5. Recent Developments
          10.28.6. SWOT Analysis
    10.29. Supplystack
          10.29.1. Business Overview
          10.29.2. Company Snapshot
          10.29.3. Company Market Share Analysis
          10.29.4. Company Product Portfolio
          10.29.5. Recent Developments
          10.29.6. SWOT Analysis

List of Tables

1. Global Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

2. Global Cloud Market, By region, 2018-2028 (USD Billion)

3. Global On-Premise Market, By region, 2018-2028 (USD Billion)

4. Global Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

5. Global Railway Market, By region, 2018-2028 (USD Billion)

6. Global Waterways Market, By region, 2018-2028 (USD Billion)

7. Global Airways Market, By region, 2018-2028 (USD Billion)

8. Global Roadways Market, By region, 2018-2028 (USD Billion)

9. North America Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

10. North America Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

11. USA Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

12. USA Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion).

13. Canada Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

14. Canada Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

15. Mexico Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

16. Mexico Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

17. Europe Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

18. Europe Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

19. Germany  Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

20. Germany Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

21. France Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

22. France Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

23. U.K. Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

24. U.K. Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

25. Italy Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

26. Italy Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

27. Spain Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

28. Spain Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

29. Asia Pacific Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

30. Asia Pacific Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

31. Japan Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

32. Japan Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

33. China Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

34. China Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

35. India Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

36. India Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

37. South America Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

38. South America Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

39. Brazil Transportation Management System Market, By Deployment , 2018-2028 (USD Billion)

40. Brazil Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

41. Middle East and Africa Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

42. Middle East and Africa Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

43. U.A.E. Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

44. U.A.E. Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

45. South Africa Transportation Management System Market, By Deployment, 2018-2028 (USD Billion)

46. South Africa Transportation Management System Market, By Mode of Transportation, 2018-2028 (USD Billion)

List of Figures 

1. Global Transportation Management System Market Segmentation

2. Global Transportation Management System 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 Transportation Management System Market Attractiveness Analysis By Deployment

9. Global Transportation Management System Market Attractiveness Analysis By Mode of Transportation. 

10. Global Transportation Management System Market Attractiveness Analysis By Region

11. Global Transportation Management System Market: Dynamics

12. Global Transportation Management System Market Share by Deployment (2021 & 2028)

13. Global Transportation Management System Market Share by Mode of Transportation (2021 & 2028)

14. Global Transportation Management System Market Share by Region (2021 & 2028)

15. Global Transportation Management System 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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