Automotive Battery Management System Market Analysis By Battery Type(Lithium-ion, Lead-acid, Nickel, Flow Battery), By Connection Topology(Centralized, Distributed, Modular), By Vehicle Type(Passenger cars, Commercial Vehicles), By Propulsion Type(BEV, PHEV, HEV) & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 228
- CATEGORY
- Automotive & Transportation
The global automotive battery management system market size was valued at US$ 5.8 billion in 2021, and anticipated to grow at a CAGR of 16.2% over the forecast period. In order to ensure the safety of electric vehicles, a Battery Management System (BMS), which controls the electronics of a rechargeable battery, whether a cell or a battery pack, becomes necessary. By ensuring that the cell runs within its safe operating limitations, it protects both the user and the battery. BMS tracks the battery's State of Health (SOH), gathers data, regulates environmental elements that affect the cell, and balances them to maintain uniform voltage across cells.
A smart battery pack is a battery pack that has a BMS connected to a data bus or an external communication data transmission system. In order to provide details about the battery's power status, it may also include additional features and functions like fuel gauge integration, smart bus communication protocols, General Purpose Input Output (GPIO) options, wireless charging, embedded battery chargers, cell balancing, and protection circuitry. The device can use this information to intelligently conserve power.
Increased adoption of electric and hybrid vehicles, rising partnerships and collaboration for the development and integration of BMS, and increased government efforts to build out the infrastructure for electric mobility charging will all contribute to the market's growth during the forecast period. Additionally, surge in demand for intelligent battery management systems in advanced electric vehicles will also lead to the adoption of automotive BMS.
Due to the high cost of components, the integration of BMS into the vehicle raises the overall cost of vehicles. Therefore, it is anticipated that during the forecast period, such factors will restrain market expansion. Leading market companies are, therefore, constantly concentrating on the most recent developments to reduce the overall cost and design complexity of such battery control systems.
Battery Type Insights
By battery type, the global automotive battery management system market is classified into Lithium-ion, Lead-acid, Nickel, and Flow Battery. The Lithium-ion segment accounted for the major share in 2021 and will further expand at a steady CAGR during the projected period. Due to their high energy density, low self-discharge, light weight, and low maintenance requirements, lithium-ion batteries are frequently utilised in EVs. Owing to its high density, quick recharge times, and high discharge power, lithium-ion batteries are currently the only technology capable of achieving OEM specifications for vehicle driving range and charging time. Lead-based traction batteries are not competitive for use in full hybrid electric vehicles or electric vehicles due to their lower specific energy and heavier weight.
Connection Topology Insights
In terms of connection topology, the global automotive battery management system market is segmented into centralized, distributed, and modular. The modular connection topology segment of the automotive battery management system market is expected to grow at the highest rate during the forecast period. Various identical modules that are connected to numerous batteries or battery cells define modularized BMSs. In order to increase BMS functionality and provide a secure, dependable, and cost-effective solution for smart grids and electric vehicles, a modularized BMS is recommended. The electric vehicle's modularized BMS is described in and focuses on effective single-cell monitoring and balancing for a number of battery cells with a simple structure.
Propulsion Type Insights
In terms of propulsion type, the market is segmented into BEV, PHEV, and HEV. The BEV segment dominated the market share in 2021 and is expected to continue its dominance during the forecast period. Government policy favouring the purchase of battery-electric vehicles, increased deployment of battery charging stations in tourist and public areas, and declining BEV costs as a result of technology improvement are some of the factors fostering the segment's growth. In addition, the segment growth is probably being fuelled by the significant penetration of battery electric vehicles in important regions including the U.S., Europe, China, and others.
Regional Insights
In terms of region, Asia Pacific region accounted for the largest share in 2021 and is anticipated to continue to lead the global market over the forecast period. The market expansion in the region has been fostered by China's widespread use of electric vehicles. Additionally, rising commercial electric vehicle penetration in APAC's developing nations, such as India, South Korea, Japan, and others, is also anticipated to fuel market expansion in the coming years. For instance, the China Passenger Car Association reports that the country's total sales of passenger electric vehicles climbed by 169.1% from 2020 to around 2.99 million in 2021.
Furthermore, North America is expected to grow at a steady CAGR during the forecast period. The market is expanding significantly as a result of the U.S. sales of electric commercial and passenger vehicles. Additionally, the growing emphasis on the creation and adoption of electric autonomous vehicles and Robo-taxis is anticipated to contribute to a profitable growth rate during the projection period.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: Robert Bosch GmbH, Continental AG, Toshiba Corporation, NXP Semiconductors, Denso Corporation, Intel Corporation, Analog Devices, Johnson Matthey, LG Chem, Midtronics, and Others. Major players operating in the ecosystem experiences strong competition owing to the presence of large number of players on global and regional scale. Further, the various strategies are adopted by these players such as merger and acquisition, new product launch, geographic expansion, research & development for expanding their product portfolio, and others.
In 2021, Texas Instruments (TI) announced a significant development in battery management systems (BMS) for electric vehicles (EVs), the industry's highest-performing wireless BMS solution with the first independently assessed functional safety concept.
Segments
By Battery Type
· Lithium-ion
· Lead-acid
· Nickel
· Flow Battery
By Connection Topology
· Centralized
· Distributed
· Modular
By Vehicle Type
· Passenger cars
· Commercial Vehicles
By Propulsion Type
· BEV
· PHEV
· HEV
Global Automotive Battery Management System Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Battery Management System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Points:
Define, describe and forecast Automotive Battery Management System product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Historic Year: 2016-2022
Forecast: 2024-2035
1 Automotive Battery Management System Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Automotive Battery Management System
1.3 Automotive Battery Management System Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Automotive Battery Management System
1.4.2 Applications of Automotive Battery Management System
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 NXP Semiconductors NV Market Performance Analysis
3.1.1 NXP Semiconductors NV Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 NXP Semiconductors NV Sales, Value, Price, Gross Margin 2016-2021
3.2 Tesla Motors Market Performance Analysis
3.2.1 Tesla Motors Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Tesla Motors Sales, Value, Price, Gross Margin 2016-2021
3.3 Johnson Matthey Plc. Market Performance Analysis
3.3.1 Johnson Matthey Plc. Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Johnson Matthey Plc. Sales, Value, Price, Gross Margin 2016-2021
3.4 Hyundai Kefico Market Performance Analysis
3.4.1 Hyundai Kefico Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Hyundai Kefico Sales, Value, Price, Gross Margin 2016-2021
3.5 Panasonic Market Performance Analysis
3.5.1 Panasonic Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Panasonic Sales, Value, Price, Gross Margin 2016-2021
3.6 Renesas Electronics Corporation Market Performance Analysis
3.6.1 Renesas Electronics Corporation Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Renesas Electronics Corporation Sales, Value, Price, Gross Margin 2016-2021
3.7 Clayton Power Market Performance Analysis
3.7.1 Clayton Power Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Clayton Power Sales, Value, Price, Gross Margin 2016-2021
3.8 Lithium Balance Market Performance Analysis
3.8.1 Lithium Balance Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Lithium Balance Sales, Value, Price, Gross Margin 2016-2021
3.9 Denso Market Performance Analysis
3.9.1 Denso Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Denso Sales, Value, Price, Gross Margin 2016-2021
3.10 LG Chem Market Performance Analysis
3.10.1 LG Chem Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 LG Chem Sales, Value, Price, Gross Margin 2016-2021
3.11 Calsonic Kansei Market Performance Analysis
3.11.1 Calsonic Kansei Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Calsonic Kansei Sales, Value, Price, Gross Margin 2016-2021
3.12 Robert Bosch GmbH Market Performance Analysis
3.12.1 Robert Bosch GmbH Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Robert Bosch GmbH Sales, Value, Price, Gross Margin 2016-2021
3.13 Analog Devices Market Performance Analysis
3.13.1 Analog Devices Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Analog Devices Sales, Value, Price, Gross Margin 2016-2021
3.14 Lithium Balance Market Performance Analysis
3.14.1 Lithium Balance Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Lithium Balance Sales, Value, Price, Gross Margin 2016-2021
3.15 Mitsubishi Electric Market Performance Analysis
3.15.1 Mitsubishi Electric Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Mitsubishi Electric Sales, Value, Price, Gross Margin 2016-2021
3.16 Preh Market Performance Analysis
3.16.1 Preh Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Preh Sales, Value, Price, Gross Margin 2016-2021
3.17 Rimac Automobili Market Performance Analysis
3.17.1 Rimac Automobili Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Rimac Automobili Sales, Value, Price, Gross Margin 2016-2021
3.18 Vecture Market Performance Analysis
3.18.1 Vecture Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Vecture Sales, Value, Price, Gross Margin 2016-2021
3.19 Hitachi Automotive Systems Market Performance Analysis
3.19.1 Hitachi Automotive Systems Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Hitachi Automotive Systems Sales, Value, Price, Gross Margin 2016-2021
3.20 JustPower Market Performance Analysis
3.20.1 JustPower Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 JustPower Sales, Value, Price, Gross Margin 2016-2021
3.21 SAMSUNG Market Performance Analysis
3.21.1 SAMSUNG Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 SAMSUNG Sales, Value, Price, Gross Margin 2016-2021
3.22 Continental Market Performance Analysis
3.22.1 Continental Basic Information
3.22.2 Product and Service Analysis
3.22.3 Strategies for Company to Deal with the Impact of COVID-19
3.22.4 Continental Sales, Value, Price, Gross Margin 2016-2021
3.23 Calsonic Kansei Market Performance Analysis
3.23.1 Calsonic Kansei Basic Information
3.23.2 Product and Service Analysis
3.23.3 Strategies for Company to Deal with the Impact of COVID-19
3.23.4 Calsonic Kansei Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Automotive Battery Management System Production and Value by Type
4.1.1 Global Automotive Battery Management System Production by Type 2016-2021
4.1.2 Global Automotive Battery Management System Market Value by Type 2016-2021
4.2 Global Automotive Battery Management System Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Conventional Market Production, Value and Growth Rate
4.2.2 Solid-State Market Production, Value and Growth Rate
4.3 Global Automotive Battery Management System Production and Value Forecast by Type
4.3.1 Global Automotive Battery Management System Production Forecast by Type 2021-2026
4.3.2 Global Automotive Battery Management System Market Value Forecast by Type 2021-2026
4.4 Global Automotive Battery Management System Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Conventional Market Production, Value and Growth Rate Forecast
4.4.2 Solid-State Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Automotive Battery Management System Consumption and Value by Application
5.1.1 Global Automotive Battery Management System Consumption by Application 2016-2021
5.1.2 Global Automotive Battery Management System Market Value by Application 2016-2021
5.2 Global Automotive Battery Management System Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 BEV Market Consumption, Value and Growth Rate
5.2.2 HEV Market Consumption, Value and Growth Rate
5.2.3 PHEV Market Consumption, Value and Growth Rate
5.2.4 FCV Market Consumption, Value and Growth Rate
5.3 Global Automotive Battery Management System Consumption and Value Forecast by Application
5.3.1 Global Automotive Battery Management System Consumption Forecast by Application 2021-2026
5.3.2 Global Automotive Battery Management System Market Value Forecast by Application 2021-2026
5.4 Global Automotive Battery Management System Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 BEV Market Consumption, Value and Growth Rate Forecast
5.4.2 HEV Market Consumption, Value and Growth Rate Forecast
5.4.3 PHEV Market Consumption, Value and Growth Rate Forecast
5.4.4 FCV Market Consumption, Value and Growth Rate Forecast
6 Global Automotive Battery Management System by Region, Historical Data and Market Forecasts
6.1 Global Automotive Battery Management System Sales by Region 2016-2021
6.2 Global Automotive Battery Management System Market Value by Region 2016-2021
6.3 Global Automotive Battery Management System Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Automotive Battery Management System Sales Forecast by Region 2021-2026
6.5 Global Automotive Battery Management System Market Value Forecast by Region 2021-2026
6.6 Global Automotive Battery Management System Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Automotive Battery Management System Value and Market Growth 2016-2021
7.2 United State Automotive Battery Management System Sales and Market Growth 2016-2021
7.3 United State Automotive Battery Management System Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Automotive Battery Management System Value and Market Growth 2016-2021
8.2 Canada Automotive Battery Management System Sales and Market Growth 2016-2021
8.3 Canada Automotive Battery Management System Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Automotive Battery Management System Value and Market Growth 2016-2021
9.2 Germany Automotive Battery Management System Sales and Market Growth 2016-2021
9.3 Germany Automotive Battery Management System Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Automotive Battery Management System Value and Market Growth 2016-2021
10.2 UK Automotive Battery Management System Sales and Market Growth 2016-2021
10.3 UK Automotive Battery Management System Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Automotive Battery Management System Value and Market Growth 2016-2021
11.2 France Automotive Battery Management System Sales and Market Growth 2016-2021
11.3 France Automotive Battery Management System Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Automotive Battery Management System Value and Market Growth 2016-2021
12.2 Italy Automotive Battery Management System Sales and Market Growth 2016-2021
12.3 Italy Automotive Battery Management System Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Automotive Battery Management System Value and Market Growth 2016-2021
13.2 Spain Automotive Battery Management System Sales and Market Growth 2016-2021
13.3 Spain Automotive Battery Management System Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Automotive Battery Management System Value and Market Growth 2016-2021
14.2 Russia Automotive Battery Management System Sales and Market Growth 2016-2021
14.3 Russia Automotive Battery Management System Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Automotive Battery Management System Value and Market Growth 2016-2021
15.2 China Automotive Battery Management System Sales and Market Growth 2016-2021
15.3 China Automotive Battery Management System Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Automotive Battery Management System Value and Market Growth 2016-2021
16.2 Japan Automotive Battery Management System Sales and Market Growth 2016-2021
16.3 Japan Automotive Battery Management System Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Automotive Battery Management System Value and Market Growth 2016-2021
17.2 South Korea Automotive Battery Management System Sales and Market Growth 2016-2021
17.3 South Korea Automotive Battery Management System Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Automotive Battery Management System Value and Market Growth 2016-2021
18.2 Australia Automotive Battery Management System Sales and Market Growth 2016-2021
18.3 Australia Automotive Battery Management System Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Automotive Battery Management System Value and Market Growth 2016-2021
19.2 Thailand Automotive Battery Management System Sales and Market Growth 2016-2021
19.3 Thailand Automotive Battery Management System Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Automotive Battery Management System Value and Market Growth 2016-2021
20.2 Brazil Automotive Battery Management System Sales and Market Growth 2016-2021
20.3 Brazil Automotive Battery Management System Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Automotive Battery Management System Value and Market Growth 2016-2021
21.2 Argentina Automotive Battery Management System Sales and Market Growth 2016-2021
21.3 Argentina Automotive Battery Management System Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Automotive Battery Management System Value and Market Growth 2016-2021
22.2 Chile Automotive Battery Management System Sales and Market Growth 2016-2021
22.3 Chile Automotive Battery Management System Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Automotive Battery Management System Value and Market Growth 2016-2021
23.2 South Africa Automotive Battery Management System Sales and Market Growth 2016-2021
23.3 South Africa Automotive Battery Management System Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Automotive Battery Management System Value and Market Growth 2016-2021
24.2 Egypt Automotive Battery Management System Sales and Market Growth 2016-2021
24.3 Egypt Automotive Battery Management System Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Automotive Battery Management System Value and Market Growth 2016-2021
25.2 UAE Automotive Battery Management System Sales and Market Growth 2016-2021
25.3 UAE Automotive Battery Management System Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Automotive Battery Management System Value and Market Growth 2016-2021
26.2 Saudi Arabia Automotive Battery Management System Sales and Market Growth 2016-2021
26.3 Saudi Arabia Automotive Battery Management System Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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