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Global Animal Antibacterial and Antibiotics Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 2/24/2023
  • NO OF PAGES
  • 255
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The animal antibacterial and antibiotics market is a growing segment of the pharmaceutical industry. These products are used to treat and prevent bacterial infections in animals, including livestock, companion animals, and aquaculture.

The global animal antibacterial and antibiotics market is expected to continue to grow in the coming years due to factors such as the increasing demand for animal protein, the growing incidence of animal diseases, and the need to maintain animal health and productivity.

The market for animal antibacterial and antibiotics is dominated by a few key players, including Zoetis Inc., Merck & Co., Inc., Eli Lilly and Company, and Boehringer Ingelheim International GmbH. These companies offer a range of products, including oral and injectable antibiotics, antibacterial sprays and ointments, and in-feed antibiotics.

One of the key drivers of the market is the increasing demand for animal protein. As the global population continues to grow, the demand for meat, dairy, and eggs is also increasing. This has led to the growth of the livestock industry, which in turn has increased the demand for animal antibacterial and antibiotics.

However, the use of antibiotics in animal agriculture has also raised concerns about antibiotic resistance, which can impact human health. As a result, there is a growing trend towards reducing the use of antibiotics in animal agriculture and promoting alternative methods of disease prevention, such as vaccination and improved hygiene practices.

Overall, the animal antibacterial and antibiotics market is expected to continue to grow as the demand for animal protein increases and the need to maintain animal health and productivity remains a priority. However, the market is also likely to face increasing scrutiny over the use of antibiotics in animal agriculture and the need to develop alternative methods of disease prevention.

Segment Overview

The animal antibacterial and antibiotics market can be segmented by product type, animal type, mode of delivery, and geography.

1.       By Product Type:

·         Antibacterial drugs

·         Antibiotics

·         Antimicrobial peptides

·         Probiotics

·         Prebiotics

·         Others

2.      By Animal Type:

·         Livestock (cattle, swine, poultry, and others)

·         Companion Animals (dogs, cats, and others)

3.      By Mode of Delivery:

·         Oral

·         Parenteral

·         Topical

4.      By Geography:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

These segments help to understand the market trends and demands of the animal antibacterial and antibiotics market, which is essential for manufacturers to tailor their products according to specific requirements.

Geographical Overview

The animal antibacterial and antibiotics market is a global market that is primarily driven by the demand for animal protein, including meat, dairy, and eggs. The market is segmented by geography, with major regions including North America, Europe, Asia-Pacific, and the Rest of the World.

North America is one of the largest markets for animal antibiotics and antibacterial products, driven by the increasing demand for meat and dairy products. The United States is the largest market in this region.

In Europe, the animal antibacterial and antibiotics market is driven by the stringent regulations on the use of antibiotics in animals, as well as the increasing demand for organic and natural meat and dairy products. Germany, France, and the UK are some of the major markets in this region.

The Asia-Pacific region is also a significant market for animal antibiotics and antibacterial products, driven by the increasing demand for animal protein in countries such as China, India, and Japan. The increasing awareness about animal health and the need for disease prevention and control are also driving the growth of this market in the region.

The Rest of the World market includes Latin America, the Middle East, and Africa. The growth of the animal antibacterial and antibiotics market in these regions is primarily driven by the increasing demand for animal protein, as well as the need for disease prevention and control in animals.

Overall, the animal antibacterial and antibiotics market is expected to grow in the coming years due to the increasing demand for animal protein, coupled with the need for disease prevention and control in animals.

COVID Impact

The COVID-19 pandemic has had a mixed impact on the animal antibacterial and antibiotics market. The pandemic has led to a decrease in demand for animal products such as meat and dairy, which has in turn reduced the need for antibiotics used in livestock production. Additionally, disruptions in global trade and transportation due to lockdowns and travel restrictions have impacted the supply chain of animal antibiotics and antibacterials.

However, the pandemic has also led to an increase in demand for pet antibiotics and antibacterials as more people adopted pets during the pandemic. With more people spending time at home, they have been more likely to notice health issues in their pets and seek treatment for them. This has led to an increase in demand for pet antibiotics and antibacterials.

The pandemic has also led to increased awareness of the potential risks of antibiotic overuse in both humans and animals. This has spurred efforts to reduce the use of antibiotics in animal production and promote alternative approaches such as probiotics, prebiotics, and vaccination.

On the other hand, the pandemic has also disrupted research and development activities related to new animal antibiotics and antibacterials, as well as regulatory processes related to their approval and marketing.

In summary, while the COVID-19 pandemic has led to a decrease in demand for animal antibiotics and antibacterials used in livestock production, it has also led to an increase in demand for pet antibiotics and antibacterials. The pandemic has also raised awareness of the risks of antibiotic overuse and spurred efforts to promote alternative approaches in animal production. However, the pandemic has also disrupted research and development activities and regulatory processes related to animal antibiotics and antibacterials.

Competitive Analysis

The animal antibacterial and antibiotics market is highly competitive, with several established and emerging players offering a variety of drugs and products. Some of the key players in this market include:

1.       Zoetis Inc.

2.      Merck & Co., Inc.

3.      Elanco Animal Health

4.      Boehringer Ingelheim GmbH

5.      Bayer AG

6.      Virbac S.A.

7.      Ceva Sante Animale

8.     Dechra Pharmaceuticals PLC

9.      Vetoquinol S.A.

10.  Neogen Corporation

Zoetis Inc. is the market leader in the animal antibacterial and antibiotics market, with a broad range of products for both companion animals and livestock. Merck & Co., Inc. and Elanco Animal Health are also major players in this segment, offering a variety of antibiotics and other medications for animal health.

Boehringer Ingelheim GmbH and Bayer AG also have a significant market share in this segment, offering a range of products for livestock, including antibiotics, vaccines, and other medications.

The market is also witnessing the emergence of new players offering innovative products for animal health. For instance, Phibro Animal Health Corporation offers a range of natural feed additives and nutritional supplements that help prevent infections in livestock.

In addition to pharmaceutical companies, there are also companies that specialize in animal health products such as animal diagnostics and health monitoring. These include companies such as IDEXX Laboratories, Inc. and Heska Corporation.

Overall, the animal antibacterial and antibiotics market is expected to continue to grow, driven by increasing demand for animal protein, rising prevalence of animal diseases, and growing awareness about animal health and welfare.


Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Animal Antibacterial and Antibiotics market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Animal Antibacterial and Antibiotics would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Animal Antibacterial and Antibiotics Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Animal Antibacterial and Antibiotics Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Animal Antibacterial and Antibiotics
1.3 Animal Antibacterial and Antibiotics Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate from 2016-2026
1.4 Market Segmentation
1.4.1 Types of Animal Antibacterial and Antibiotics
1.4.2 Applications of Animal Antibacterial and Antibiotics
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Animal Antibacterial and Antibiotics Industry Trends
1.5.2 Animal Antibacterial and Antibiotics Drivers
1.5.3 Animal Antibacterial and Antibiotics Market Challenges
1.5.4 Animal Antibacterial and Antibiotics Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Animal Antibacterial and Antibiotics Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Animal Antibacterial and Antibiotics Industry Development

2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Animal Antibacterial and Antibiotics Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Animal Antibacterial and Antibiotics
2.2.1 Major Players Manufacturing Base of Animal Antibacterial and Antibiotics in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Animal Antibacterial and Antibiotics Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Animal Antibacterial and Antibiotics
2.3.3 Labor Cost of Animal Antibacterial and Antibiotics
2.4 Market Channel Analysis of Animal Antibacterial and Antibiotics
2.5 Major Down Stream Customers by Application

3 Global Animal Antibacterial and Antibiotics Market, by Type
3.1 Global Animal Antibacterial and Antibiotics Revenue and Market Share by Type (2016-2021)
3.2 Global Animal Antibacterial and Antibiotics Production and Market Share by Type (2016-2021)
3.3 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate of Tetracyclines
3.3.2 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate of Penicillins
3.3.3 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate of Sulfonamides
3.3.4 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate of Macrolides
3.3.5 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate of Aminoglycosides
3.3.6 Global Animal Antibacterial and Antibiotics Revenue and Growth Rate of Cephalosporins
3.4 Global Animal Antibacterial and Antibiotics Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends

4 Animal Antibacterial and Antibiotics Market, by Application
4.1 Downstream Market Overview
4.2 Global Animal Antibacterial and Antibiotics Consumption and Market Share by Application (2016-2021)
4.3 Global Animal Antibacterial and Antibiotics Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Animal Antibacterial and Antibiotics Consumption and Growth Rate of Livestock (2016-2021)
4.3.2 Global Animal Antibacterial and Antibiotics Consumption and Growth Rate of Pets (2016-2021)
4.3.3 Global Animal Antibacterial and Antibiotics Consumption and Growth Rate of Others (2016-2021)

5 Global Animal Antibacterial and Antibiotics Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Animal Antibacterial and Antibiotics Revenue and Market Share by Region (2016-2021)
5.2 Global Animal Antibacterial and Antibiotics Consumption and Market Share by Region (2016-2021)
5.3 Global Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Animal Antibacterial and Antibiotics Market Under COVID-19
5.4.2 North America Animal Antibacterial and Antibiotics SWOT Analysis
5.5 Europe Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Animal Antibacterial and Antibiotics Market Under COVID-19
5.5.2 Europe Animal Antibacterial and Antibiotics SWOT Analysis
5.6 China Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Animal Antibacterial and Antibiotics Market Under COVID-19
5.6.2 China Animal Antibacterial and Antibiotics SWOT Analysis
5.7 Japan Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Animal Antibacterial and Antibiotics Market Under COVID-19
5.7.2 Japan Animal Antibacterial and Antibiotics SWOT Analysis
5.8 Middle East and Africa Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Animal Antibacterial and Antibiotics Market Under COVID-19
5.8.2 Middle East and Africa Animal Antibacterial and Antibiotics SWOT Analysis
5.9 India Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Animal Antibacterial and Antibiotics Market Under COVID-19
5.9.2 India Animal Antibacterial and Antibiotics SWOT Analysis
5.10 South America Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Animal Antibacterial and Antibiotics Market Under COVID-19
5.10.2 South America Animal Antibacterial and Antibiotics SWOT Analysis
5.11 South Korea Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Animal Antibacterial and Antibiotics Market Under COVID-19
5.11.2 South Korea Animal Antibacterial and Antibiotics SWOT Analysis
5.12 Southeast Asia Animal Antibacterial and Antibiotics Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Animal Antibacterial and Antibiotics Market Under COVID-19
5.12.2 Southeast Asia Animal Antibacterial and Antibiotics SWOT Analysis

6 Global Animal Antibacterial and Antibiotics Production by Top Regions (2016-2021)
6.1 Global Animal Antibacterial and Antibiotics Production by Top Regions (2016-2021)
6.2 North America Animal Antibacterial and Antibiotics Production and Growth Rate
6.3 Europe Animal Antibacterial and Antibiotics Production and Growth Rate
6.4 China Animal Antibacterial and Antibiotics Production and Growth Rate
6.5 Japan Animal Antibacterial and Antibiotics Production and Growth Rate
6.6 India Animal Antibacterial and Antibiotics Production and Growth Rate

7 Global Animal Antibacterial and Antibiotics Consumption by Regions (2016-2021)
7.1 Global Animal Antibacterial and Antibiotics Consumption by Regions (2016-2021)
7.2 North America Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.3 Europe Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.4 China Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.5 Japan Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.6 Middle East & Africa Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.7 India Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.8 South America Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.9 South Korea Animal Antibacterial and Antibiotics Consumption and Growth Rate
7.10 Southeast Asia Animal Antibacterial and Antibiotics Consumption and Growth Rate

8 Competitive Landscape
8.1 Competitive Profile
8.2 Bayer HealthCare Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.2.3 Bayer HealthCare Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Avimex Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.3.3 Avimex Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Biogénesis Bagó Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.4.3 Biogénesis Bagó Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 ECO Animal Health Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.5.3 ECO Animal Health Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Boehringer Ingelheim Vetmedica Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.6.3 Boehringer Ingelheim Vetmedica Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Neogen Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.7.3 Neogen Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Phibro Animal Health Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.8.3 Phibro Animal Health Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Merck Animal Health Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.9.3 Merck Animal Health Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Merial Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.10.3 Merial Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Ceva Santé Animale Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Animal Antibacterial and Antibiotics Product Profiles, Application and Specification
8.11.3 Ceva Santé Animale Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19

9 Global Animal Antibacterial and Antibiotics Market Analysis and Forecast by Type and Application
9.1 Global Animal Antibacterial and Antibiotics Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Tetracyclines Market Revenue and Volume Forecast (2021-2026)
9.1.2 Penicillins Market Revenue and Volume Forecast (2021-2026)
9.1.3 Sulfonamides Market Revenue and Volume Forecast (2021-2026)
9.1.4 Macrolides Market Revenue and Volume Forecast (2021-2026)
9.1.5 Aminoglycosides Market Revenue and Volume Forecast (2021-2026)
9.1.6 Cephalosporins Market Revenue and Volume Forecast (2021-2026)
9.2 Global Animal Antibacterial and Antibiotics Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Livestock Market Revenue and Volume Forecast (2021-2026)
9.2.2 Pets Market Revenue and Volume Forecast (2021-2026)
9.2.3 Others Market Revenue and Volume Forecast (2021-2026)

10 Animal Antibacterial and Antibiotics Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Animal Antibacterial and Antibiotics Market Trends Analysis

11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment

12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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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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