Global Digital Printing Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 220
- CATEGORY
- Information Technology
Market Overview:
The global Digital Printing market was valued at USD 26.75 billion in 2022 and expected to grow at a CAGR of 6.6% during the forecast period.
Digital printing is a modern printing process that involves printing digital images or files directly onto a variety of media such as paper, plastic, fabric, or other substrates. Unlike traditional printing methods, such as lithography or letterpress, digital printing eliminates the need for printing plates and uses digital files to create the final print.
There are several types of digital printing technologies, including inkjet printing, toner-based printing, and direct-to-garment printing. Inkjet printing involves spraying microscopic droplets of ink onto the substrate to create an image or text. Toner-based printing uses electrostatic charges to transfer toner particles onto the substrate, which are then fused onto the substrate using heat. Direct-to-garment printing uses specialized inkjet printers to print designs directly onto fabrics. Digital printing offers several advantages over traditional printing methods. One of the main advantages is the ability to produce high-quality prints with accurate color reproduction and fine details. Digital printing is also more cost-effective for short print runs, as there is no need for expensive printing plates or setup costs. Additionally, digital printing allows for on-demand printing, which reduces the need for inventory storage and waste. Digital printing has a wide range of applications, including commercial printing, packaging, signage, textiles, and photo printing. In recent years, digital printing has also become popular in the printing of labels, as it allows for the customization and personalization of labels for different products. Overall, digital printing is a versatile and cost-effective printing process that offers high-quality prints and customization options. With the continued advancements in technology, the use of digital printing is expected to grow in popularity in the coming years.
Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the digital printing industry, both positively and negatively. On the positive side, the pandemic has accelerated the trend towards online shopping, leading to increased demand for printed packaging and labels for e-commerce products. This has driven the demand for digital printing technologies, as they offer fast turnaround times and the ability to produce short print runs, which is particularly important in the e-commerce sector. On the negative side, the pandemic has caused disruptions to the global supply chain, leading to shortages in raw materials, such as inks and substrates, which has led to price increases and delays in the production of printed materials. The pandemic has also led to a reduction in demand for certain printed products, such as event signage and promotional materials, as many events and activities have been cancelled or postponed due to health and safety concerns. Furthermore, the pandemic has also caused a decline in demand for print products in some industries, such as hospitality and tourism, which have been particularly hard-hit by the pandemic. As a result, some print businesses have had to reduce their capacity or even close down their operations. However, as the world emerges from the pandemic and businesses and consumers adapt to new ways of working and shopping, the digital printing industry is expected to rebound and continue to grow in the coming years. The trend towards e-commerce is expected to continue, driving demand for digital printing technologies, and as businesses and organizations resume their activities, the demand for printed materials is expected to pick up again.
Market Dynamics:
Drivers:
Personalization and customization: Digital printing enables the customization and personalization of printed materials, allowing businesses to create unique products and marketing materials that appeal to individual customers or target audiences. This has become increasingly important in today's market, as consumers are looking for more personalized experiences.
Cost-effective for short print runs: Digital printing eliminates the need for expensive printing plates and setup costs, making it more cost-effective for short print runs. This is particularly important for small businesses and startups, who may not have the budget for large print runs.
Quick turnaround times: Digital printing offers fast turnaround times, allowing businesses to produce printed materials quickly and respond to changing market demands. This is particularly important for time-sensitive campaigns or product launches.
High-quality prints: Digital printing technology has improved significantly in recent years, allowing for high-quality prints with accurate color reproduction and fine details. This makes digital printing a viable option for a wide range of applications, from marketing materials to photo printing.
Sustainability: Digital printing is generally considered to be more environmentally friendly than traditional printing methods, as it generates less waste and uses less energy. This is becoming increasingly important for businesses and consumers who are looking for more sustainable alternatives.
Overall, the combination of personalization, cost-effectiveness, quick turnaround times, high-quality prints, and sustainability has made digital printing an attractive option for businesses across a wide range of industries, driving its growth in recent years.
Restraints:
High initial investment costs: While digital printing can be more cost-effective than traditional printing methods for short print runs, the initial investment in digital printing equipment and software can be significant. This can be a barrier to entry for some small businesses or startups.
Limited range of substrates: While digital printing can print on a wide range of substrates, it may not be suitable for all materials. Some substrates, such as certain plastics or metals, may require specialized equipment or inks, which can be costly.
Limited size: Digital printing may not be suitable for printing larger materials, such as billboards or banners, which may require specialized equipment or larger printing presses.
Quality limitations: While digital printing technology has improved significantly in recent years, there may still be limitations in terms of print quality, particularly when compared to traditional printing methods, such as offset or flexography.
Dependence on technology: Digital printing is reliant on technology, which can be vulnerable to malfunctions or system failures. This can result in delays or downtime, which can impact production schedules.
Overall, while digital printing offers many benefits, there may be some limitations or barriers to entry that can impact its growth in certain applications or industries. However, as technology continues to improve and costs decrease, it is expected that digital printing will continue to grow and become more widely adopted across a range of industries.
Regional Analysis:
North America: The North American market for digital printing is driven by the presence of a large number of key players and the growing demand for personalized and customized products. The region is home to many large-scale digital printing companies and is a major producer of digital printing equipment and software. The packaging industry is one of the major industries driving demand for digital printing in North America.
Europe: The European digital printing market is driven by the demand for high-quality prints and the need for more sustainable printing options. The region has a strong presence in the packaging and label printing industries, which are major users of digital printing technology. The growing trend towards short print runs and on-demand printing is also driving the growth of the digital printing market in Europe.
Asia Pacific: The Asia Pacific region is expected to be the fastest-growing market for digital printing, driven by the rapid growth of the e-commerce industry and the increasing demand for personalized and customized products. The region is home to a large number of small and medium-sized businesses that are increasingly adopting digital printing technology for their printing needs. The packaging and textile industries are major users of digital printing in the region.
Latin America: The Latin American digital printing market is driven by the growing demand for packaging and labeling products, as well as the need for more sustainable printing options. The region is home to a large number of small and medium-sized businesses, which are increasingly adopting digital printing technology for their printing needs.
Middle East and Africa: The Middle East and Africa digital printing market is driven by the growing demand for printed packaging products and the need for more sustainable printing options. The region is expected to see significant growth in the coming years, due to the increasing adoption of digital printing technology and the growing demand for personalized and customized products
Competitive Landscape:
The global Digital Printing market is highly competitive and fragmented with the presence of several players. These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence.
Some of the key players operating in the market are:
· HP Inc.
· Canon Inc.
· Xerox Corporation
· Epson America Inc.
· Ricoh Company, Ltd.
· Konica Minolta Inc.
· Agfa-Gevaert Group
· Durst Phototechnik AG
· Mimaki Engineering Co., Ltd.
· Mutoh Holdings Co., Ltd.
· Roland DG Corporation
· EFI, Inc.
· Fujifilm Holdings Corporation
· Heidelberg Printing Machinery AG
· Kodak Alaris Inc.
· Seiko Epson Corporation
· Toshiba Tec Corporation
· Xeikon N.V.
· Inca Digital Printers Ltd.
· Durst Group
· Others
Segments
By Component
· Electrophotography
· Inkjet
By Application
· Books
· Commercial Printing
· Packaging
o Labels
o Corrugated Packaging
o Cartons
o Flexible Packaging
o Rigid Plastic Packaging
o Metal Packaging
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
Key Points:Define, describe and forecast Digital Printing 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.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Digital Printing Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Digital Printing
1.3 Digital Printing Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Digital Printing
1.4.2 Applications of Digital Printing
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Core Publishing Solutions Market Performance Analysis
3.1.1 Core Publishing Solutions 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 Core Publishing Solutions Sales, Value, Price, Gross Margin 2016-2021
3.2 DS Smith PLC Market Performance Analysis
3.2.1 DS Smith PLC 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 DS Smith PLC Sales, Value, Price, Gross Margin 2016-2021
3.3 Smurfit Kappa Market Performance Analysis
3.3.1 Smurfit Kappa 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 Smurfit Kappa Sales, Value, Price, Gross Margin 2016-2021
3.4 ARC Document Solutions LLC Market Performance Analysis
3.4.1 ARC Document Solutions LLC 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 ARC Document Solutions LLC Sales, Value, Price, Gross Margin 2016-2021
3.5 IronMark Inc. Market Performance Analysis
3.5.1 IronMark Inc. 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 IronMark Inc. Sales, Value, Price, Gross Margin 2016-2021
3.6 Xeikon NV Market Performance Analysis
3.6.1 Xeikon NV 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 Xeikon NV Sales, Value, Price, Gross Margin 2016-2021
3.7 Southland Printing Company Inc. Market Performance Analysis
3.7.1 Southland Printing Company Inc. 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 Southland Printing Company Inc. Sales, Value, Price, Gross Margin 2016-2021
3.8 Quad/Graphics Market Performance Analysis
3.8.1 Quad/Graphics 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 Quad/Graphics Sales, Value, Price, Gross Margin 2016-2021
3.9 Multi Color Corporation Market Performance Analysis
3.9.1 Multi Color Corporation 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 Multi Color Corporation Sales, Value, Price, Gross Margin 2016-2021
3.10 Westrock Company Market Performance Analysis
3.10.1 Westrock Company 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 Westrock Company Sales, Value, Price, Gross Margin 2016-2021
3.11 Avery Dennison Corporation Market Performance Analysis
3.11.1 Avery Dennison Corporation 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 Avery Dennison Corporation Sales, Value, Price, Gross Margin 2016-2021
3.12 CPI Corporate Market Performance Analysis
3.12.1 CPI Corporate 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 CPI Corporate Sales, Value, Price, Gross Margin 2016-2021
3.13 Amcor PLC Market Performance Analysis
3.13.1 Amcor PLC 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 Amcor PLC Sales, Value, Price, Gross Margin 2016-2021
3.14 Sato America Market Performance Analysis
3.14.1 Sato America 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 Sato America Sales, Value, Price, Gross Margin 2016-2021
3.15 Mondi PLC Market Performance Analysis
3.15.1 Mondi PLC 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 Mondi PLC Sales, Value, Price, Gross Margin 2016-2021
3.16 The Command Group (Command Companies) Market Performance Analysis
3.16.1 The Command Group (Command Companies) 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 The Command Group (Command Companies) Sales, Value, Price, Gross Margin 2016-2021
3.17 Walsworth Market Performance Analysis
3.17.1 Walsworth 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 Walsworth Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Digital Printing Production and Value by Type
4.1.1 Global Digital Printing Production by Type 2016-2021
4.1.2 Global Digital Printing Market Value by Type 2016-2021
4.2 Global Digital Printing Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Water based Ink Market Production, Value and Growth Rate
4.2.2 Solvent Market Production, Value and Growth Rate
4.2.3 UV-curable Market Production, Value and Growth Rate
4.2.4 Latex Market Production, Value and Growth Rate
4.2.5 Dye Sublimation Market Production, Value and Growth Rate
4.3 Global Digital Printing Production and Value Forecast by Type
4.3.1 Global Digital Printing Production Forecast by Type 2021-2026
4.3.2 Global Digital Printing Market Value Forecast by Type 2021-2026
4.4 Global Digital Printing Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Water based Ink Market Production, Value and Growth Rate Forecast
4.4.2 Solvent Market Production, Value and Growth Rate Forecast
4.4.3 UV-curable Market Production, Value and Growth Rate Forecast
4.4.4 Latex Market Production, Value and Growth Rate Forecast
4.4.5 Dye Sublimation Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Digital Printing Consumption and Value by Application
5.1.1 Global Digital Printing Consumption by Application 2016-2021
5.1.2 Global Digital Printing Market Value by Application 2016-2021
5.2 Global Digital Printing Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Books Market Consumption, Value and Growth Rate
5.2.2 Commercial Printing Market Consumption, Value and Growth Rate
5.3 Global Digital Printing Consumption and Value Forecast by Application
5.3.1 Global Digital Printing Consumption Forecast by Application 2021-2026
5.3.2 Global Digital Printing Market Value Forecast by Application 2021-2026
5.4 Global Digital Printing Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Books Market Consumption, Value and Growth Rate Forecast
5.4.2 Commercial Printing Market Consumption, Value and Growth Rate Forecast
6 Global Digital Printing by Region, Historical Data and Market Forecasts
6.1 Global Digital Printing Sales by Region 2016-2021
6.2 Global Digital Printing Market Value by Region 2016-2021
6.3 Global Digital Printing 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 Digital Printing Sales Forecast by Region 2021-2026
6.5 Global Digital Printing Market Value Forecast by Region 2021-2026
6.6 Global Digital Printing 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 Digital Printing Value and Market Growth 2016-2021
7.2 United State Digital Printing Sales and Market Growth 2016-2021
7.3 United State Digital Printing Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Digital Printing Value and Market Growth 2016-2021
8.2 Canada Digital Printing Sales and Market Growth 2016-2021
8.3 Canada Digital Printing Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Digital Printing Value and Market Growth 2016-2021
9.2 Germany Digital Printing Sales and Market Growth 2016-2021
9.3 Germany Digital Printing Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Digital Printing Value and Market Growth 2016-2021
10.2 UK Digital Printing Sales and Market Growth 2016-2021
10.3 UK Digital Printing Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Digital Printing Value and Market Growth 2016-2021
11.2 France Digital Printing Sales and Market Growth 2016-2021
11.3 France Digital Printing Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Digital Printing Value and Market Growth 2016-2021
12.2 Italy Digital Printing Sales and Market Growth 2016-2021
12.3 Italy Digital Printing Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Digital Printing Value and Market Growth 2016-2021
13.2 Spain Digital Printing Sales and Market Growth 2016-2021
13.3 Spain Digital Printing Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Digital Printing Value and Market Growth 2016-2021
14.2 Russia Digital Printing Sales and Market Growth 2016-2021
14.3 Russia Digital Printing Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Digital Printing Value and Market Growth 2016-2021
15.2 China Digital Printing Sales and Market Growth 2016-2021
15.3 China Digital Printing Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Digital Printing Value and Market Growth 2016-2021
16.2 Japan Digital Printing Sales and Market Growth 2016-2021
16.3 Japan Digital Printing Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Digital Printing Value and Market Growth 2016-2021
17.2 South Korea Digital Printing Sales and Market Growth 2016-2021
17.3 South Korea Digital Printing Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Digital Printing Value and Market Growth 2016-2021
18.2 Australia Digital Printing Sales and Market Growth 2016-2021
18.3 Australia Digital Printing Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Digital Printing Value and Market Growth 2016-2021
19.2 Thailand Digital Printing Sales and Market Growth 2016-2021
19.3 Thailand Digital Printing Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Digital Printing Value and Market Growth 2016-2021
20.2 Brazil Digital Printing Sales and Market Growth 2016-2021
20.3 Brazil Digital Printing Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Digital Printing Value and Market Growth 2016-2021
21.2 Argentina Digital Printing Sales and Market Growth 2016-2021
21.3 Argentina Digital Printing Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Digital Printing Value and Market Growth 2016-2021
22.2 Chile Digital Printing Sales and Market Growth 2016-2021
22.3 Chile Digital Printing Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Digital Printing Value and Market Growth 2016-2021
23.2 South Africa Digital Printing Sales and Market Growth 2016-2021
23.3 South Africa Digital Printing Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Digital Printing Value and Market Growth 2016-2021
24.2 Egypt Digital Printing Sales and Market Growth 2016-2021
24.3 Egypt Digital Printing Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Digital Printing Value and Market Growth 2016-2021
25.2 UAE Digital Printing Sales and Market Growth 2016-2021
25.3 UAE Digital Printing Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Digital Printing Value and Market Growth 2016-2021
26.2 Saudi Arabia Digital Printing Sales and Market Growth 2016-2021
26.3 Saudi Arabia Digital Printing 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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