Global Point of Sale Software Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 276
- CATEGORY
- Information Technology
Market Overview
The point of sale (POS) software market is a rapidly growing market that has seen significant growth in recent years due to the increasing adoption of cloud-based POS software solutions. POS software refers to software that is used to manage sales transactions, inventory, and customer data at the point of sale.
The growth of the POS software market can be attributed to several factors, including the increasing adoption of cloud-based POS solutions, the growing trend of mobile POS systems, and the increasing demand for omnichannel retailing.
The global POS software market was valued at USD 12.23 billion in 2020 and is expected to grow at a CAGR of 9.5% from 2023 to 2032, reaching a value of USD 26.05 billion by 2032. Overall, the POS software market is expected to witness significant growth in the coming years due to the increasing adoption of cloud-based POS solutions, the growing trend of mobile POS systems, and the increasing demand for omnichannel retailing.
Investing in point of sale (POS) software can be a lucrative opportunity as the market is growing rapidly and is expected to continue to do so in the coming years. Here are some key factors to consider when analyzing the potential investment opportunity in the POS software market:
Market Size and Growth Potential: The POS software market is a multi-billion dollar industry with significant growth potential. According to various market reports, the market is expected to grow at a high CAGR over the next few years. It's important to evaluate the size and potential growth of the market when considering investment opportunities.
Market Segmentation: The POS software market is segmented based on deployment type, component, end-user, and region. It's important to evaluate the segments that are growing at a faster rate and have a larger market share. For instance, cloud-based POS solutions are expected to hold the largest market share due to their advantages such as scalability, cost-effectiveness, and easy maintenance.
Competitive Landscape: The POS software market is highly competitive, with several key players operating in the market. It's important to evaluate the competitive landscape and the market share of key players. It's also important to assess the competitive advantages of each player, such as technology, product offerings, and distribution channels.
Technology Trends: Technology trends such as the increasing adoption of cloud-based POS solutions, the growing trend of mobile POS systems, and the increasing demand for omnichannel retailing are driving the growth of the POS software market. It's important to evaluate the potential impact of these trends on the market and the opportunities they present for investment.
Financial Performance: When evaluating investment opportunities in the POS software market, it's important to assess the financial performance of companies operating in the market. This includes evaluating revenue growth, profit margins, and return on investment. It's also important to evaluate the company's funding history and growth potential.
Segmental Overview
The point of sale (POS) software market can be segmented based on deployment, component, end-user, and geography. Each segment has its unique characteristics and requirements.
The on-premise POS software segment is expected to have a declining growth rate due to the increasing popularity of cloud-based solutions. Cloud-based POS software provides better scalability, flexibility, and cost-effectiveness compared to on-premise solutions.
Hardware components include barcode scanners, receipt printers, cash drawers, and others. The software component includes sales reporting, inventory management, and employee management software.
The retail sector is expected to be the largest end-user of POS software due to the growth of the e-commerce industry and increasing customer demands for omnichannel experiences. The hospitality sector is also expected to witness significant growth due to the increasing popularity of food delivery and online ordering.
Geographically, North America is expected to be the largest market due to the presence of major POS software vendors and the increasing adoption of cloud-based solutions. The Asia Pacific region is expected to witness the fastest growth due to the increasing adoption of e-commerce and mobile payments.
Overall, the POS software market is expected to continue growing due to the increasing adoption of omnichannel retailing and the growing demand for seamless payment experiences.
Regional Overview
North America: The North American market for POS software is expected to dominate the global market due to the presence of established technology companies, high consumer adoption of new technologies, and the growth of the retail and hospitality industries. The United States is expected to be the largest market in this region due to the high adoption rate of cloud-based POS software.
Europe: The European market for POS software is also expected to experience significant growth due to the high adoption rate of mobile payments and the growth of the e-commerce industry. Countries such as the United Kingdom, Germany, and France are expected to be the key markets in this region.
Asia Pacific: The Asia Pacific region is expected to witness the fastest growth in the POS software market due to the growing adoption of smartphones, increasing internet penetration, and the rise of the e-commerce industry. China and India are expected to be the largest markets in this region due to their large population and increasing retail and hospitality industries.
Middle East and Africa: The Middle East and Africa region is expected to witness moderate growth in the POS software market due to the growth of the retail industry and increasing investments in technology infrastructure. The United Arab Emirates is expected to be the largest market in this region.
Latin America: The Latin American market for POS software is also expected to experience moderate growth due to the growth of the retail and hospitality industries and the increasing adoption of cloud-based solutions. Brazil and Mexico are expected to be the key markets in this region.
Overall, the global POS software market is expected to continue growing in all regions due to the increasing adoption of omnichannel retailing and the growing demand for seamless payment experiences.
Competitive Analysis
The point of sale (POS) software market is highly competitive, with several players operating in the market. Some of the key players in the market are:
· Square, Inc.
· Shopify Inc.
· Lightspeed POS Inc.
· Toast, Inc.
· Vend Limited
· Clover Network, Inc.
· ShopKeep
· Revel Systems, Inc.
· Heartland Payment Systems, Inc.
· Epos Now Ltd.
These companies are focusing on various growth strategies such as product innovation, mergers and acquisitions, partnerships, and collaborations to expand their market share and increase their customer base.
Square, Inc. is a leading player in the POS software market, offering a range of solutions for small businesses, including payment processing, inventory management, and sales reporting. The company has been expanding its product offerings through strategic partnerships and acquisitions, such as the recent acquisition of Afterpay, a leading buy now, pay later platform.
Shopify Inc. is another major player in the POS software market, offering an e-commerce platform that includes a POS system. The company has been expanding its global presence through partnerships and acquisitions, such as the recent acquisition of 6 River Systems, a provider of fulfillment automation solutions.
Lightspeed POS Inc. is a cloud-based POS software provider that offers solutions for retail, hospitality, and e-commerce businesses. The company has been expanding its product offerings through strategic acquisitions, such as the recent acquisition of ShopKeep, a cloud-based POS software provider.
Toast, Inc. is a cloud-based POS software provider for the restaurant industry. The company has been expanding its market presence through strategic partnerships, such as the recent partnership with Grubhub to offer online ordering and delivery services.
Overall, the POS software market is expected to remain highly competitive, with companies continuing to focus on innovation and customer-centric solutions to differentiate themselves from their competitors.
Global Point of Sale Software Market: Regional AnalysisAll 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 Point of Sale Software 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 Point of Sale Software 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 Point of Sale Software Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Point of Sale Software
1.3 Point of Sale Software Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Point of Sale Software
1.4.2 Applications of Point of Sale Software
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Square Market Performance Analysis
3.1.1 Square 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 Square Sales, Value, Price, Gross Margin 2016-2021
3.2 A&B POS Solutions Market Performance Analysis
3.2.1 A&B POS Solutions 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 A&B POS Solutions Sales, Value, Price, Gross Margin 2016-2021
3.3 Lightspeed Market Performance Analysis
3.3.1 Lightspeed 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 Lightspeed Sales, Value, Price, Gross Margin 2016-2021
3.4 YumaPOS Market Performance Analysis
3.4.1 YumaPOS 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 YumaPOS Sales, Value, Price, Gross Margin 2016-2021
3.5 Sapaad Market Performance Analysis
3.5.1 Sapaad 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 Sapaad Sales, Value, Price, Gross Margin 2016-2021
3.6 Salesforce Market Performance Analysis
3.6.1 Salesforce 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 Salesforce Sales, Value, Price, Gross Margin 2016-2021
3.7 ShopKeep Market Performance Analysis
3.7.1 ShopKeep 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 ShopKeep Sales, Value, Price, Gross Margin 2016-2021
3.8 Vend Market Performance Analysis
3.8.1 Vend 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 Vend Sales, Value, Price, Gross Margin 2016-2021
3.9 LimeTray Market Performance Analysis
3.9.1 LimeTray 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 LimeTray Sales, Value, Price, Gross Margin 2016-2021
3.10 OrderOut Market Performance Analysis
3.10.1 OrderOut 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 OrderOut Sales, Value, Price, Gross Margin 2016-2021
3.11 EffiaSoft Market Performance Analysis
3.11.1 EffiaSoft 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 EffiaSoft Sales, Value, Price, Gross Margin 2016-2021
3.12 Cybersys Market Performance Analysis
3.12.1 Cybersys 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 Cybersys Sales, Value, Price, Gross Margin 2016-2021
3.13 Heartland Payment Systems Market Performance Analysis
3.13.1 Heartland Payment Systems 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 Heartland Payment Systems Sales, Value, Price, Gross Margin 2016-2021
3.14 Shopify Market Performance Analysis
3.14.1 Shopify 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 Shopify Sales, Value, Price, Gross Margin 2016-2021
3.15 Clover Market Performance Analysis
3.15.1 Clover 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 Clover Sales, Value, Price, Gross Margin 2016-2021
3.16 Toast Market Performance Analysis
3.16.1 Toast 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 Toast Sales, Value, Price, Gross Margin 2016-2021
3.17 TouchBistro Market Performance Analysis
3.17.1 TouchBistro 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 TouchBistro Sales, Value, Price, Gross Margin 2016-2021
3.18 Primaseller Market Performance Analysis
3.18.1 Primaseller 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 Primaseller Sales, Value, Price, Gross Margin 2016-2021
3.19 Lavu Market Performance Analysis
3.19.1 Lavu 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 Lavu Sales, Value, Price, Gross Margin 2016-2021
3.20 Oracle Market Performance Analysis
3.20.1 Oracle 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 Oracle Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Point of Sale Software Production and Value by Type
4.1.1 Global Point of Sale Software Production by Type 2016-2021
4.1.2 Global Point of Sale Software Market Value by Type 2016-2021
4.2 Global Point of Sale Software Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Cloud Based Market Production, Value and Growth Rate
4.2.2 On-Premise Market Production, Value and Growth Rate
4.3 Global Point of Sale Software Production and Value Forecast by Type
4.3.1 Global Point of Sale Software Production Forecast by Type 2021-2026
4.3.2 Global Point of Sale Software Market Value Forecast by Type 2021-2026
4.4 Global Point of Sale Software Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Cloud Based Market Production, Value and Growth Rate Forecast
4.4.2 On-Premise Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Point of Sale Software Consumption and Value by Application
5.1.1 Global Point of Sale Software Consumption by Application 2016-2021
5.1.2 Global Point of Sale Software Market Value by Application 2016-2021
5.2 Global Point of Sale Software Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Retail Market Consumption, Value and Growth Rate
5.2.2 Restaurant Market Consumption, Value and Growth Rate
5.2.3 Hospitality Market Consumption, Value and Growth Rate
5.2.4 Other Industry Market Consumption, Value and Growth Rate
5.3 Global Point of Sale Software Consumption and Value Forecast by Application
5.3.1 Global Point of Sale Software Consumption Forecast by Application 2021-2026
5.3.2 Global Point of Sale Software Market Value Forecast by Application 2021-2026
5.4 Global Point of Sale Software Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Retail Market Consumption, Value and Growth Rate Forecast
5.4.2 Restaurant Market Consumption, Value and Growth Rate Forecast
5.4.3 Hospitality Market Consumption, Value and Growth Rate Forecast
5.4.4 Other Industry Market Consumption, Value and Growth Rate Forecast
6 Global Point of Sale Software by Region, Historical Data and Market Forecasts
6.1 Global Point of Sale Software Sales by Region 2016-2021
6.2 Global Point of Sale Software Market Value by Region 2016-2021
6.3 Global Point of Sale Software 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 Point of Sale Software Sales Forecast by Region 2021-2026
6.5 Global Point of Sale Software Market Value Forecast by Region 2021-2026
6.6 Global Point of Sale Software 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 Point of Sale Software Value and Market Growth 2016-2021
7.2 United State Point of Sale Software Sales and Market Growth 2016-2021
7.3 United State Point of Sale Software Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Point of Sale Software Value and Market Growth 2016-2021
8.2 Canada Point of Sale Software Sales and Market Growth 2016-2021
8.3 Canada Point of Sale Software Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Point of Sale Software Value and Market Growth 2016-2021
9.2 Germany Point of Sale Software Sales and Market Growth 2016-2021
9.3 Germany Point of Sale Software Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Point of Sale Software Value and Market Growth 2016-2021
10.2 UK Point of Sale Software Sales and Market Growth 2016-2021
10.3 UK Point of Sale Software Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Point of Sale Software Value and Market Growth 2016-2021
11.2 France Point of Sale Software Sales and Market Growth 2016-2021
11.3 France Point of Sale Software Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Point of Sale Software Value and Market Growth 2016-2021
12.2 Italy Point of Sale Software Sales and Market Growth 2016-2021
12.3 Italy Point of Sale Software Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Point of Sale Software Value and Market Growth 2016-2021
13.2 Spain Point of Sale Software Sales and Market Growth 2016-2021
13.3 Spain Point of Sale Software Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Point of Sale Software Value and Market Growth 2016-2021
14.2 Russia Point of Sale Software Sales and Market Growth 2016-2021
14.3 Russia Point of Sale Software Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Point of Sale Software Value and Market Growth 2016-2021
15.2 China Point of Sale Software Sales and Market Growth 2016-2021
15.3 China Point of Sale Software Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Point of Sale Software Value and Market Growth 2016-2021
16.2 Japan Point of Sale Software Sales and Market Growth 2016-2021
16.3 Japan Point of Sale Software Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Point of Sale Software Value and Market Growth 2016-2021
17.2 South Korea Point of Sale Software Sales and Market Growth 2016-2021
17.3 South Korea Point of Sale Software Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Point of Sale Software Value and Market Growth 2016-2021
18.2 Australia Point of Sale Software Sales and Market Growth 2016-2021
18.3 Australia Point of Sale Software Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Point of Sale Software Value and Market Growth 2016-2021
19.2 Thailand Point of Sale Software Sales and Market Growth 2016-2021
19.3 Thailand Point of Sale Software Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Point of Sale Software Value and Market Growth 2016-2021
20.2 Brazil Point of Sale Software Sales and Market Growth 2016-2021
20.3 Brazil Point of Sale Software Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Point of Sale Software Value and Market Growth 2016-2021
21.2 Argentina Point of Sale Software Sales and Market Growth 2016-2021
21.3 Argentina Point of Sale Software Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Point of Sale Software Value and Market Growth 2016-2021
22.2 Chile Point of Sale Software Sales and Market Growth 2016-2021
22.3 Chile Point of Sale Software Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Point of Sale Software Value and Market Growth 2016-2021
23.2 South Africa Point of Sale Software Sales and Market Growth 2016-2021
23.3 South Africa Point of Sale Software Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Point of Sale Software Value and Market Growth 2016-2021
24.2 Egypt Point of Sale Software Sales and Market Growth 2016-2021
24.3 Egypt Point of Sale Software Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Point of Sale Software Value and Market Growth 2016-2021
25.2 UAE Point of Sale Software Sales and Market Growth 2016-2021
25.3 UAE Point of Sale Software Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Point of Sale Software Value and Market Growth 2016-2021
26.2 Saudi Arabia Point of Sale Software Sales and Market Growth 2016-2021
26.3 Saudi Arabia Point of Sale Software 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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