Global Circuit Protection Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 286
- CATEGORY
- Electronics & Communication
Market Overview:
The global circuit protection market was valued at USD 42.8 billion in 2022 and expected to grow at a CAGR of 5.1% during the forecast period. The circuit protection market involves the development and sales of various products and solutions that safeguard electronic circuits from damage caused by excessive current, voltage, or temperature. The market includes a wide range of products such as fuses, circuit breakers, surge protectors, ESD protection devices, and others. The demand for circuit protection products is driven by the increasing use of electronic devices in various industries such as automotive, aerospace, consumer electronics, telecommunications, and others. The need for advanced and reliable circuit protection solutions is growing rapidly due to the rising complexity and sensitivity of electronic systems.
The global circuit protection market is expected to grow at a significant rate in the coming years, driven by factors such as the increasing adoption of renewable energy systems, the growing demand for electric vehicles, and the need for advanced and efficient circuit protection solutions in the industrial sector. The Asia-Pacific region is expected to dominate the circuit protection market due to the presence of a large number of electronics manufacturers in countries such as China, Japan, South Korea, and Taiwan.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the circuit protection market. Here are some of the ways the pandemic has affected the circuit protection industry:
Supply chain disruptions: The pandemic has caused significant disruptions to global supply chains, affecting the production and distribution of circuit protection components and equipment. This has led to delays and increased costs for companies that rely on circuit protection technology.
Reduced demand from some industries: The pandemic has led to a reduction in demand for circuit protection technology from some industries, particularly those that were hit hard by the pandemic, such as automotive and aerospace. This has led to a slowdown in the growth of the market in the short term.
Increased demand from other industries: On the other hand, the pandemic has also led to an increase in demand for circuit protection technology from other industries, particularly those involved in the manufacture of medical equipment, consumer electronics, and data centers. The increased demand from these industries has partially offset the reduction in demand from other industries.
Deployment delays: The pandemic has also led to delays in the deployment of circuit protection technology, particularly in areas that were under lockdown or where social distancing measures were in place. This has slowed the expansion of circuit protection infrastructure in some regions.
Economic uncertainty: The pandemic has created economic uncertainty, which has led to a slowdown in some industries and a reduction in capital spending. This may impact the growth of the circuit protection market in the short term.
Overall, the COVID-19 pandemic has had a mixed impact on the circuit protection market. While it has led to supply chain disruptions, reduced demand from some industries, and deployment delays, it has also led to increased demand from other industries, partially offsetting the reduction in demand. The impact of the pandemic on the circuit protection market is likely to continue in the short term, but the market is expected to recover in the long term.
Market Dynamics:
Drivers:
the circuit protection market is being driven by a combination of factors related to the increasing demand for electronic devices, the complexity of electronic systems, and the adoption of new technologies in the industry.
Increasing demand for electronic devices: The proliferation of electronic devices such as smartphones, tablets, laptops, and other consumer electronics is driving the demand for circuit protection devices. As more devices are produced and used, the need for reliable and efficient circuit protection solutions increases.
Growing complexity of electronic systems: With the increasing complexity of electronic systems, there is a greater risk of circuit damage due to overcurrent, overvoltage, or overheating. This has led to a greater demand for advanced circuit protection solutions that can safeguard these systems.
Rapidly expanding automotive industry: The automotive industry is one of the largest consumers of circuit protection devices. As the industry continues to grow and shift towards electric and hybrid vehicles, the demand for circuit protection solutions is expected to increase significantly.
Increasing adoption of renewable energy systems: The adoption of renewable energy systems such as solar and wind power is also driving the demand for circuit protection devices. These systems require reliable and efficient circuit protection to ensure their safe operation.
Technological advancements: The development of new technologies and materials is leading to the creation of more advanced and efficient circuit protection solutions. For example, the use of smart materials and sensors is enabling the creation of self-healing circuits that can protect themselves from damage.
Restraints:
High cost: Many circuit protection devices are relatively expensive, which can be a barrier to adoption for some customers, especially in price-sensitive markets. The high cost can also limit the growth of the market as a whole, as customers may look for alternative solutions or delay upgrading their systems.
Lack of awareness: There is a lack of awareness among some customers about the importance of circuit protection devices and their benefits. This can limit the demand for these products and slow the growth of the market.
Increased competition: As the circuit protection market grows, there is likely to be increased competition among manufacturers, which could lead to price pressures and lower profit margins.
Environmental concerns: The production and disposal of some circuit protection devices can have a negative impact on the environment, which may limit their adoption in some markets. Customers may seek out more environmentally-friendly alternatives or delay upgrading their systems.
Regulatory challenges: The circuit protection market is subject to various regulations and standards, which can pose challenges for manufacturers and limit their ability to innovate and bring new products to market.
Regional Analysis:
North America: The North American region is a significant market for circuit protection, with the presence of several key players in the region. The region is expected to continue to grow, driven by factors such as the increasing adoption of electric vehicles, the growing demand for consumer electronics, and the expansion of the industrial sector.
Europe: The European market for circuit protection is also significant, with a large number of electronics manufacturers in the region. The market is expected to continue to grow, driven by factors such as the adoption of renewable energy systems, the increasing demand for electric vehicles, and the expansion of the industrial sector.
Asia-Pacific: The Asia-Pacific region is the largest and fastest-growing market for circuit protection, with the presence of a large number of electronics manufacturers in countries such as China, Japan, South Korea, and Taiwan. The market is expected to continue to grow, driven by factors such as the increasing adoption of renewable energy systems, the growing demand for electric vehicles, and the expansion of the industrial sector.
Latin America: The Latin American market for circuit protection is relatively small but is expected to grow in the coming years, driven by factors such as the increasing adoption of renewable energy systems and the expansion of the industrial sector.
Middle East and Africa: The Middle East and African market for circuit protection is also relatively small, but the market is expected to grow in the coming years, driven by factors such as the increasing adoption of renewable energy systems and the expansion of the industrial sector.
Overall, the circuit protection market is a global market with a significant presence in various regions across the world. The market is expected to continue to grow in the coming years, driven by factors such as the increasing demand for electronic devices, the complexity of electronic systems, the adoption of renewable energy systems, and the expansion of the industrial sector.
Competitive Landscape:
The global Circuit Protection 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:
· ABB Ltd.
· Bel Fuse Inc
· Schneider Electric SE
· Mitsubishi Electric Corporation
· Eaton Corporation plc
· General Electric Company
· Siemens AG
· Rockwell Automation, Inc.
· Larsen & Toubro Limited
· NXP Semiconductors N.V.
· SCHURTER Holding AG
· Sensata Technologies Holding plc
· Texas Instruments Incorporated
· Others
Segments
By Product
· Circuit Breaker
o Low Current
o High Current
· Fuse
o Fast Acting
o Slow Blow
· HD Pro
o High Power Inline/Bulkhead GFCI
o High Power Inline/Bulkhead ELCI
o High Power Inline/Bulkhead EGFPD
· Inrush Current Limiter
· Mobile Power Protection
o Automatic Transfer Switch
o Battery Control Center
o Inverter
o Load Center
o Others
· Overvoltage Protection
o Crowbar Devices
o ESD Protector
o Gas Discharge Tubes (GDT)
o Metal Oxide Varistors (MOV)
o Surge Protection Device (SPD)
o Others
· PTC Devices
o Ceramic
o Polymeric
· GFCI
o Adapters
o In-line Cord Sets
o Quad Boxes
o Panel Mount
o Right Angle Cord Sets
o User Attachable
o Others
By Channel
· OEM
· Retail
· Wholesale
By Application
· Agriculture
· Automotive
· Commercial & Residential Building
· Household Appliances
· HVAC
· Power Generation
· Recreational Vehicle (RV)
· Telecom
· Others
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
Global Circuit Protection 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 Circuit Protection 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 Circuit Protection 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 Circuit Protection Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Circuit Protection
1.3 Circuit Protection Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Circuit Protection
1.4.2 Applications of Circuit Protection
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Bel Fuse, Inc. Market Performance Analysis
3.1.1 Bel Fuse, Inc. 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 Bel Fuse, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.2 Mitsubishi Electric Corporation Market Performance Analysis
3.2.1 Mitsubishi Electric Corporation 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 Mitsubishi Electric Corporation Sales, Value, Price, Gross Margin 2016-2021
3.3 Eaton Corporation PLC Market Performance Analysis
3.3.1 Eaton Corporation 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 Eaton Corporation PLC Sales, Value, Price, Gross Margin 2016-2021
3.4 ABB Ltd. Market Performance Analysis
3.4.1 ABB Ltd. 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 ABB Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.5 Schneider Electric SA Market Performance Analysis
3.5.1 Schneider Electric SA 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 Schneider Electric SA Sales, Value, Price, Gross Margin 2016-2021
3.6 ON Semiconductor Corporation Market Performance Analysis
3.6.1 ON Semiconductor 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 ON Semiconductor Corporation Sales, Value, Price, Gross Margin 2016-2021
3.7 General Electric Company Market Performance Analysis
3.7.1 General Electric Company 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 General Electric Company Sales, Value, Price, Gross Margin 2016-2021
3.8 NXP Semiconductors NV Market Performance Analysis
3.8.1 NXP Semiconductors NV 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 NXP Semiconductors NV Sales, Value, Price, Gross Margin 2016-2021
3.9 Larsen & Toubro Ltd. Market Performance Analysis
3.9.1 Larsen & Toubro Ltd. 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 Larsen & Toubro Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.10 Texas Instruments, Inc. Market Performance Analysis
3.10.1 Texas Instruments, Inc. 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 Texas Instruments, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.11 Rockwell Automation, Inc. Market Performance Analysis
3.11.1 Rockwell Automation, Inc. 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 Rockwell Automation, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.12 Siemens AG Market Performance Analysis
3.12.1 Siemens AG 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 Siemens AG Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Circuit Protection Production and Value by Type
4.1.1 Global Circuit Protection Production by Type 2016-2021
4.1.2 Global Circuit Protection Market Value by Type 2016-2021
4.2 Global Circuit Protection Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Overcurrent Protection Market Production, Value and Growth Rate
4.2.2 Overvoltage Protection Market Production, Value and Growth Rate
4.2.3 ESD Protection Market Production, Value and Growth Rate
4.3 Global Circuit Protection Production and Value Forecast by Type
4.3.1 Global Circuit Protection Production Forecast by Type 2021-2026
4.3.2 Global Circuit Protection Market Value Forecast by Type 2021-2026
4.4 Global Circuit Protection Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Overcurrent Protection Market Production, Value and Growth Rate Forecast
4.4.2 Overvoltage Protection Market Production, Value and Growth Rate Forecast
4.4.3 ESD Protection Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Circuit Protection Consumption and Value by Application
5.1.1 Global Circuit Protection Consumption by Application 2016-2021
5.1.2 Global Circuit Protection Market Value by Application 2016-2021
5.2 Global Circuit Protection Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Construction Market Consumption, Value and Growth Rate
5.2.2 Automotive and Transportation Market Consumption, Value and Growth Rate
5.2.3 Electronics and Electrical Equipment Market Consumption, Value and Growth Rate
5.2.4 Other Market Consumption, Value and Growth Rate
5.3 Global Circuit Protection Consumption and Value Forecast by Application
5.3.1 Global Circuit Protection Consumption Forecast by Application 2021-2026
5.3.2 Global Circuit Protection Market Value Forecast by Application 2021-2026
5.4 Global Circuit Protection Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Construction Market Consumption, Value and Growth Rate Forecast
5.4.2 Automotive and Transportation Market Consumption, Value and Growth Rate Forecast
5.4.3 Electronics and Electrical Equipment Market Consumption, Value and Growth Rate Forecast
5.4.4 Other Market Consumption, Value and Growth Rate Forecast
6 Global Circuit Protection by Region, Historical Data and Market Forecasts
6.1 Global Circuit Protection Sales by Region 2016-2021
6.2 Global Circuit Protection Market Value by Region 2016-2021
6.3 Global Circuit Protection 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 Circuit Protection Sales Forecast by Region 2021-2026
6.5 Global Circuit Protection Market Value Forecast by Region 2021-2026
6.6 Global Circuit Protection 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 Circuit Protection Value and Market Growth 2016-2021
7.2 United State Circuit Protection Sales and Market Growth 2016-2021
7.3 United State Circuit Protection Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Circuit Protection Value and Market Growth 2016-2021
8.2 Canada Circuit Protection Sales and Market Growth 2016-2021
8.3 Canada Circuit Protection Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Circuit Protection Value and Market Growth 2016-2021
9.2 Germany Circuit Protection Sales and Market Growth 2016-2021
9.3 Germany Circuit Protection Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Circuit Protection Value and Market Growth 2016-2021
10.2 UK Circuit Protection Sales and Market Growth 2016-2021
10.3 UK Circuit Protection Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Circuit Protection Value and Market Growth 2016-2021
11.2 France Circuit Protection Sales and Market Growth 2016-2021
11.3 France Circuit Protection Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Circuit Protection Value and Market Growth 2016-2021
12.2 Italy Circuit Protection Sales and Market Growth 2016-2021
12.3 Italy Circuit Protection Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Circuit Protection Value and Market Growth 2016-2021
13.2 Spain Circuit Protection Sales and Market Growth 2016-2021
13.3 Spain Circuit Protection Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Circuit Protection Value and Market Growth 2016-2021
14.2 Russia Circuit Protection Sales and Market Growth 2016-2021
14.3 Russia Circuit Protection Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Circuit Protection Value and Market Growth 2016-2021
15.2 China Circuit Protection Sales and Market Growth 2016-2021
15.3 China Circuit Protection Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Circuit Protection Value and Market Growth 2016-2021
16.2 Japan Circuit Protection Sales and Market Growth 2016-2021
16.3 Japan Circuit Protection Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Circuit Protection Value and Market Growth 2016-2021
17.2 South Korea Circuit Protection Sales and Market Growth 2016-2021
17.3 South Korea Circuit Protection Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Circuit Protection Value and Market Growth 2016-2021
18.2 Australia Circuit Protection Sales and Market Growth 2016-2021
18.3 Australia Circuit Protection Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Circuit Protection Value and Market Growth 2016-2021
19.2 Thailand Circuit Protection Sales and Market Growth 2016-2021
19.3 Thailand Circuit Protection Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Circuit Protection Value and Market Growth 2016-2021
20.2 Brazil Circuit Protection Sales and Market Growth 2016-2021
20.3 Brazil Circuit Protection Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Circuit Protection Value and Market Growth 2016-2021
21.2 Argentina Circuit Protection Sales and Market Growth 2016-2021
21.3 Argentina Circuit Protection Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Circuit Protection Value and Market Growth 2016-2021
22.2 Chile Circuit Protection Sales and Market Growth 2016-2021
22.3 Chile Circuit Protection Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Circuit Protection Value and Market Growth 2016-2021
23.2 South Africa Circuit Protection Sales and Market Growth 2016-2021
23.3 South Africa Circuit Protection Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Circuit Protection Value and Market Growth 2016-2021
24.2 Egypt Circuit Protection Sales and Market Growth 2016-2021
24.3 Egypt Circuit Protection Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Circuit Protection Value and Market Growth 2016-2021
25.2 UAE Circuit Protection Sales and Market Growth 2016-2021
25.3 UAE Circuit Protection Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Circuit Protection Value and Market Growth 2016-2021
26.2 Saudi Arabia Circuit Protection Sales and Market Growth 2016-2021
26.3 Saudi Arabia Circuit Protection 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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Market Research Process
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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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