Global Software Testing Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 248
- CATEGORY
- Information Technology
The Software Testing market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Software Testing market. On the basis of historic growth analysis and current scenario of Software Testing market place, the report intends to offer actionable insights and outlook on global / regional market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tool that facilitate deeper understanding of multiple aspects of global Software Testing market. These further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Software Testing market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Software Testing market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Software Testing Market: Major Players
Hexaware
QATestLab
Cognizant
TestFort
LogiGear
Zensar
Infosys
QA Mentor
Kualitatem Inc.
IBM
Performance Lab
Oxagile
SQS Group
HP
TestingXperts (Damco Group)
Wipro
TestMatick
Sogeti
QualiTest Group
QualityLogic
Capgemini
QASource
QArea Company
DeviQA
TCS
BRISA
Global Software Testing Market: By Types
Operational testing
Automated tests
Performance testing
Security testing
Other services
Global Software Testing Market: By Applications
BFSI
Media
Telecommunications
Government and institutes
Others
Global Software Testing 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 Software Testing 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.
Global Software Testing Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023This report examines all the key factors influencing growth of global Software Testing market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Software Testing market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Software Testing Market: Major Players
Hexaware
QATestLab
Cognizant
TestFort
LogiGear
Zensar
Infosys
QA Mentor
Kualitatem Inc.
IBM
Performance Lab
Oxagile
SQS Group
HP
TestingXperts (Damco Group)
Wipro
TestMatick
Sogeti
QualiTest Group
QualityLogic
Capgemini
QASource
QArea Company
DeviQA
TCS
BRISA
Global Software Testing Market: By Types
Operational testing
Automated tests
Performance testing
Security testing
Other services
Global Software Testing Market: By Applications
BFSI
Media
Telecommunications
Government and institutes
Others
Global Software Testing 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 Software Testing 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.
Global Software Testing Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Software Testing Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Software Testing
1.3 Software Testing Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Software Testing Revenue and Growth Rate from 2016-2030
1.4 Market Segmentation
1.4.1 Types of Software Testing
1.4.2 Applications of Software Testing
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Software Testing Industry Trends
1.5.2 Software Testing Drivers
1.5.3 Software Testing Market Challenges
1.5.4 Software Testing 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 Software Testing Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Software Testing Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Software Testing Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Software Testing
2.2.1 Major Players Manufacturing Base of Software Testing in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Software Testing Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Software Testing
2.3.3 Labor Cost of Software Testing
2.4 Market Channel Analysis of Software Testing
2.5 Major Down Stream Customers by Application
3 Global Software Testing Market, by Type
3.1 Global Software Testing Revenue and Market Share by Type (2016-2021)
3.2 Global Software Testing Production and Market Share by Type (2016-2021)
3.3 Global Software Testing Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Software Testing Revenue and Growth Rate of Operational testing
3.3.2 Global Software Testing Revenue and Growth Rate of Automated tests
3.3.3 Global Software Testing Revenue and Growth Rate of Performance testing
3.3.4 Global Software Testing Revenue and Growth Rate of Security testing
3.3.5 Global Software Testing Revenue and Growth Rate of Other services
3.4 Global Software Testing Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Software Testing Market, by Application
4.1 Downstream Market Overview
4.2 Global Software Testing Consumption and Market Share by Application (2016-2021)
4.3 Global Software Testing Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Software Testing Consumption and Growth Rate of BFSI (2016-2021)
4.3.2 Global Software Testing Consumption and Growth Rate of Media (2016-2021)
4.3.3 Global Software Testing Consumption and Growth Rate of Telecommunications (2016-2021)
4.3.4 Global Software Testing Consumption and Growth Rate of Government and institutes (2016-2021)
4.3.5 Global Software Testing Consumption and Growth Rate of Others (2016-2021)
5 Global Software Testing Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Software Testing Revenue and Market Share by Region (2016-2021)
5.2 Global Software Testing Consumption and Market Share by Region (2016-2021)
5.3 Global Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Software Testing Market Under COVID-19
5.4.2 North America Software Testing SWOT Analysis
5.5 Europe Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Software Testing Market Under COVID-19
5.5.2 Europe Software Testing SWOT Analysis
5.6 China Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Software Testing Market Under COVID-19
5.6.2 China Software Testing SWOT Analysis
5.7 Japan Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Software Testing Market Under COVID-19
5.7.2 Japan Software Testing SWOT Analysis
5.8 Middle East and Africa Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Software Testing Market Under COVID-19
5.8.2 Middle East and Africa Software Testing SWOT Analysis
5.9 India Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Software Testing Market Under COVID-19
5.9.2 India Software Testing SWOT Analysis
5.10 South America Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Software Testing Market Under COVID-19
5.10.2 South America Software Testing SWOT Analysis
5.11 South Korea Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Software Testing Market Under COVID-19
5.11.2 South Korea Software Testing SWOT Analysis
5.12 Southeast Asia Software Testing Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Software Testing Market Under COVID-19
5.12.2 Southeast Asia Software Testing SWOT Analysis
6 Global Software Testing Production by Top Regions (2016-2021)
6.1 Global Software Testing Production by Top Regions (2016-2021)
6.2 North America Software Testing Production and Growth Rate
6.3 Europe Software Testing Production and Growth Rate
6.4 China Software Testing Production and Growth Rate
6.5 Japan Software Testing Production and Growth Rate
6.6 India Software Testing Production and Growth Rate
7 Global Software Testing Consumption by Regions (2016-2021)
7.1 Global Software Testing Consumption by Regions (2016-2021)
7.2 North America Software Testing Consumption and Growth Rate
7.3 Europe Software Testing Consumption and Growth Rate
7.4 China Software Testing Consumption and Growth Rate
7.5 Japan Software Testing Consumption and Growth Rate
7.6 Middle East & Africa Software Testing Consumption and Growth Rate
7.7 India Software Testing Consumption and Growth Rate
7.8 South America Software Testing Consumption and Growth Rate
7.9 South Korea Software Testing Consumption and Growth Rate
7.10 Southeast Asia Software Testing Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 Hexaware Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Software Testing Product Profiles, Application and Specification
8.2.3 Hexaware 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 QATestLab Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Software Testing Product Profiles, Application and Specification
8.3.3 QATestLab 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 Cognizant Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Software Testing Product Profiles, Application and Specification
8.4.3 Cognizant 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 TestFort Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Software Testing Product Profiles, Application and Specification
8.5.3 TestFort 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 LogiGear Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Software Testing Product Profiles, Application and Specification
8.6.3 LogiGear 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 Zensar Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Software Testing Product Profiles, Application and Specification
8.7.3 Zensar 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 Infosys Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Software Testing Product Profiles, Application and Specification
8.8.3 Infosys 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 QA Mentor Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Software Testing Product Profiles, Application and Specification
8.9.3 QA Mentor 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 Kualitatem Inc. Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Software Testing Product Profiles, Application and Specification
8.10.3 Kualitatem Inc. 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 IBM Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Software Testing Product Profiles, Application and Specification
8.11.3 IBM 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
8.12 Performance Lab Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Software Testing Product Profiles, Application and Specification
8.12.3 Performance Lab Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 Oxagile Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Software Testing Product Profiles, Application and Specification
8.13.3 Oxagile Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 SQS Group Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Software Testing Product Profiles, Application and Specification
8.14.3 SQS Group Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19
8.15 HP Market Performance Analysis
8.15.1 Company Profiles
8.15.2 Software Testing Product Profiles, Application and Specification
8.15.3 HP Sales, Revenue, Price, Gross Margin 2016-2021
8.15.4 Company Recent Development
8.15.5 Strategies for Company to Deal with the Impact of COVID-19
8.16 TestingXperts (Damco Group) Market Performance Analysis
8.16.1 Company Profiles
8.16.2 Software Testing Product Profiles, Application and Specification
8.16.3 TestingXperts (Damco Group) Sales, Revenue, Price, Gross Margin 2016-2021
8.16.4 Company Recent Development
8.16.5 Strategies for Company to Deal with the Impact of COVID-19
8.17 Wipro Market Performance Analysis
8.17.1 Company Profiles
8.17.2 Software Testing Product Profiles, Application and Specification
8.17.3 Wipro Sales, Revenue, Price, Gross Margin 2016-2021
8.17.4 Company Recent Development
8.17.5 Strategies for Company to Deal with the Impact of COVID-19
8.18 TestMatick Market Performance Analysis
8.18.1 Company Profiles
8.18.2 Software Testing Product Profiles, Application and Specification
8.18.3 TestMatick Sales, Revenue, Price, Gross Margin 2016-2021
8.18.4 Company Recent Development
8.18.5 Strategies for Company to Deal with the Impact of COVID-19
8.19 Sogeti Market Performance Analysis
8.19.1 Company Profiles
8.19.2 Software Testing Product Profiles, Application and Specification
8.19.3 Sogeti Sales, Revenue, Price, Gross Margin 2016-2021
8.19.4 Company Recent Development
8.19.5 Strategies for Company to Deal with the Impact of COVID-19
8.20 QualiTest Group Market Performance Analysis
8.20.1 Company Profiles
8.20.2 Software Testing Product Profiles, Application and Specification
8.20.3 QualiTest Group Sales, Revenue, Price, Gross Margin 2016-2021
8.20.4 Company Recent Development
8.20.5 Strategies for Company to Deal with the Impact of COVID-19
8.21 QualityLogic Market Performance Analysis
8.21.1 Company Profiles
8.21.2 Software Testing Product Profiles, Application and Specification
8.21.3 QualityLogic Sales, Revenue, Price, Gross Margin 2016-2021
8.21.4 Company Recent Development
8.21.5 Strategies for Company to Deal with the Impact of COVID-19
8.22 Capgemini Market Performance Analysis
8.22.1 Company Profiles
8.22.2 Software Testing Product Profiles, Application and Specification
8.22.3 Capgemini Sales, Revenue, Price, Gross Margin 2016-2021
8.22.4 Company Recent Development
8.22.5 Strategies for Company to Deal with the Impact of COVID-19
8.23 QASource Market Performance Analysis
8.23.1 Company Profiles
8.23.2 Software Testing Product Profiles, Application and Specification
8.23.3 QASource Sales, Revenue, Price, Gross Margin 2016-2021
8.23.4 Company Recent Development
8.23.5 Strategies for Company to Deal with the Impact of COVID-19
8.24 QArea Company Market Performance Analysis
8.24.1 Company Profiles
8.24.2 Software Testing Product Profiles, Application and Specification
8.24.3 QArea Company Sales, Revenue, Price, Gross Margin 2016-2021
8.24.4 Company Recent Development
8.24.5 Strategies for Company to Deal with the Impact of COVID-19
8.25 DeviQA Market Performance Analysis
8.25.1 Company Profiles
8.25.2 Software Testing Product Profiles, Application and Specification
8.25.3 DeviQA Sales, Revenue, Price, Gross Margin 2016-2021
8.25.4 Company Recent Development
8.25.5 Strategies for Company to Deal with the Impact of COVID-19
8.26 TCS Market Performance Analysis
8.26.1 Company Profiles
8.26.2 Software Testing Product Profiles, Application and Specification
8.26.3 TCS Sales, Revenue, Price, Gross Margin 2016-2021
8.26.4 Company Recent Development
8.26.5 Strategies for Company to Deal with the Impact of COVID-19
8.27 BRISA Market Performance Analysis
8.27.1 Company Profiles
8.27.2 Software Testing Product Profiles, Application and Specification
8.27.3 BRISA Sales, Revenue, Price, Gross Margin 2016-2021
8.27.4 Company Recent Development
8.27.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Software Testing Market Analysis and Forecast by Type and Application
9.1 Global Software Testing Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Operational testing Market Revenue and Volume Forecast (2021-2026)
9.1.2 Automated tests Market Revenue and Volume Forecast (2021-2026)
9.1.3 Performance testing Market Revenue and Volume Forecast (2021-2026)
9.1.4 Security testing Market Revenue and Volume Forecast (2021-2026)
9.1.5 Other services Market Revenue and Volume Forecast (2021-2026)
9.2 Global Software Testing Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 BFSI Market Revenue and Volume Forecast (2021-2026)
9.2.2 Media Market Revenue and Volume Forecast (2021-2026)
9.2.3 Telecommunications Market Revenue and Volume Forecast (2021-2026)
9.2.4 Government and institutes Market Revenue and Volume Forecast (2021-2026)
9.2.5 Others Market Revenue and Volume Forecast (2021-2026)
10 Software Testing 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 Software Testing 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
 
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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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