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Global Digital Evidence Management Market Size By Segmentations, Top Key Players, Trend, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 11/23/2022
  • NO OF PAGES
  • 208
  • CATEGORY
  • Information Technology

Market Overview:

The global digital evidence management market size was valued at USD 8.2 billion in 2022 and is expected to reach USD 20.2 billion by 2025, growing at a CAGR of 19.7% during the forecast period. The Digital Evidence Management market (DEM) refers to the technology used to collect, store, manage, and analyze digital evidence. This includes video, audio, and other digital data from sources such as body cameras, dash cameras, surveillance cameras, and mobile devices. Digital Evidence Management Market is driven by the increasing use of digital evidence in investigations and the need for efficient and secure storage and management of this data. Some of the trends and opportunities in the digital evidence management market include the adoption of cloud-based solutions, the integration of artificial intelligence and machine learning technologies, and the increasing use of DEM solutions in the public safety sector. Other driving factors include the growing number of cybercrimes, the increasing use of digital devices in criminal activities, and the need for efficient and accurate digital evidence collection and management in legal proceedings...

Driver: Growing volume of digital evidence in various industries is propelling Digital Evidence Management Market growth.

With the advent of technology, the use of digital devices has become widespread, leading to an increase in digital evidence such as photos, videos, audio recordings, and social media posts. This has led to a need for efficient and secure management of this digital evidence, which is driving the demand for digital evidence management solutions. The demand analysis of the digital evidence management market is primarily driven by the need for secure and efficient management of digital evidence. The increasing volume of digital evidence has led to a need for solutions that can store, manage, and analyze this evidence efficiently. Additionally, the rise in cybercrime and the need to investigate and prosecute such crimes has further increased the demand for digital evidence management solutions. Furthermore, the increasing adoption of cloud-based solutions and the integration of artificial intelligence and machine learning technologies in digital evidence management systems are also driving the demand for these solutions. Cloud-based solutions offer a secure and flexible way to store and manage digital evidence, while artificial intelligence and machine learning technologies can help automate tasks such as evidence processing, analysis, and categorization, leading to increased efficiency and accuracy in investigations. Overall, the demand for digital evidence management solutions is expected to continue to grow as the volume of digital evidence increases and the need for secure and efficient management of this evidence becomes increasingly important.

Segmentation:

By Type of Solution:

·         Evidence collection

·         Storage and archiving

·         Analysis

·         Sharing and transfer

By Deployment Mode:

·         On-premises

·         Cloud-based

By End-user:

·         Law enforcement agencies

·         Government agencies

·         Enterprises

Geographical Analysis:

As of 2021, North America dominates the digital evidence management market, followed by Europe and Asia Pacific. The United States is the largest contributor to the digital evidence management market in North America, owing to the early adoption of advanced technologies and a well-established IT infrastructure. The region's dominance can be attributed to the presence of several key players, such as Motorola Solutions, IBM Corporation, and Adobe Inc. In terms of government initiatives, several countries, including the United States, Canada, and the United Kingdom, have implemented laws mandating digital evidence management in their law enforcement agencies. For instance, in the United States, the Federal Rules of Evidence and Federal Rules of Criminal Procedure were amended to address the admissibility of electronic evidence in court. Similarly, the Canadian government has introduced the Digital Evidence Modernization Initiative to help law enforcement agencies better manage digital evidence. These initiatives are expected to further boost the demand for digital evidence management solutions in these regions.

Impact of COVID-19 on the global Digital Evidence Management Market:

The COVID-19 pandemic has had a mixed impact on the digital evidence management market. On one hand, the increased use of digital technologies during the pandemic has led to a greater need for digital evidence management solutions. This is particularly true in the context of remote work and virtual court proceedings, which have become more prevalent due to the pandemic. On the other hand, the economic slowdown caused by the pandemic has had a negative impact on Digital Evidence Management Market. Many organizations, particularly those in the public sector, have had to cut back on spending on non-essential technology solutions, including digital evidence management solutions. Additionally, delays in court proceedings due to the pandemic have also slowed down the adoption of these solutions in some jurisdictions.

Overall, the impact of COVID-19 on the digital evidence management market has been mixed, with some sectors experiencing growth and others experiencing a decline. However, as the world adjusts to the new normal, it is expected that the demand for these solutions will continue to increase, particularly as organizations seek to improve their operational efficiency and ensure compliance with regulatory requirements.

Impact of the Russia-Ukraine War on the global Digital Evidence Management Market:

The Digital Evidence Management Market is influenced more by factors such as increasing use of digital devices, rising demand for cloud-based solutions, and the need to manage and analyze large volumes of digital data. However, it is possible that the war could indirectly impact Digital Evidence Management Market by affecting the geopolitical situation and economic stability in the region. This could lead to changes in government policies and regulations, which could affect Digital Evidence Management Market dynamics. In addition, if the war results in disruption of supply chains or infrastructure damage, it could impact the ability of companies to provide digital evidence management solutions.

Overall, while the Russia-Ukraine war may have indirect effects on the Digital Evidence Management Market, it is unlikely to have a significant direct impact on Digital Evidence Management Market in terms of demand or supply.

Company Profiles:

·         OpenText Corporation

·         AccessData Group LLC

·         VeriPic, Inc.

·         Magnet Forensics Inc.

·         Cellebrite Mobile Synchronization Ltd.

·         Paraben Corporation

·         Digital Detective Group Limited

·         MSAB

·         Nuix Pty Ltd

·         Oracle Corporation

·         Oxygen Forensics, Inc.

·         IBM Corporation

·         NICE Systems Ltd.

·         Ricoh Company, Ltd.

·         Hitachi, Ltd.


Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Digital Evidence Management Market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Digital Evidence Management Market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.


Global Digital Evidence Management 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.

Reasons to Purchase Digital Evidence Management Market 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

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: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Digital Evidence Management Market Size Growth Rate by Type: 2016 VS 2021 VS 2030
1.2.2 Cloud
1.2.3 On-premises
1.2.4 Hybrid
1.3 Market by Application
1.3.1 Global Digital Evidence Management Market Share by Application: 2016 VS 2021 VS 2030
1.3.2 Law Enforcement Agencies
1.3.3 Others
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends
2.1 Global Digital Evidence Management Market Perspective (2016-2030)
2.2 Digital Evidence Management Growth Trends by Regions
2.2.1 Digital Evidence Management Market Size by Regions: 2016 VS 2021 VS 2030
2.2.2 Digital Evidence Management Historic Market Share by Regions (2016-2021)
2.2.3 Digital Evidence Management Forecasted Market Size by Regions (2022-2030)
2.3 Digital Evidence Management Industry Dynamic
2.3.1 Digital Evidence Management Market Trends
2.3.2 Digital Evidence Management Market Drivers
2.3.3 Digital Evidence Management Market Challenges
2.3.4 Digital Evidence Management Market Restraints

3 Competition Landscape by Key Players
3.1 Global Top Digital Evidence Management Players by Revenue
3.1.1 Global Top Digital Evidence Management Players by Revenue (2016-2021)
3.1.2 Global Digital Evidence Management Revenue Market Share by Players (2016-2021)
3.2 Global Digital Evidence Management Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Digital Evidence Management Revenue
3.4 Global Digital Evidence Management Market Concentration Ratio
3.4.1 Global Digital Evidence Management Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Digital Evidence Management Revenue in 2020
3.5 Digital Evidence Management Key Players Head office and Area Served
3.6 Key Players Digital Evidence Management Product Solution and Service
3.7 Date of Enter into Digital Evidence Management Market
3.8 Mergers & Acquisitions, Expansion Plans

4 Digital Evidence Management Breakdown Data by Type
4.1 Global Digital Evidence Management Historic Market Size by Type (2016-2021)
4.2 Global Digital Evidence Management Forecasted Market Size by Type (2022-2030)

5 Digital Evidence Management Breakdown Data by Application
5.1 Global Digital Evidence Management Historic Market Size by Application (2016-2021)
5.2 Global Digital Evidence Management Forecasted Market Size by Application (2022-2030)

6 North America
6.1 North America Digital Evidence Management Market Size (2016-2030)
6.2 North America Digital Evidence Management Market Size by Type
6.2.1 North America Digital Evidence Management Market Size by Type (2016-2021)
6.2.2 North America Digital Evidence Management Market Size by Type (2022-2030)
6.2.3 North America Digital Evidence Management Market Size by Type (2016-2030)
6.3 North America Digital Evidence Management Market Size by Application
6.3.1 North America Digital Evidence Management Market Size by Application (2016-2021)
6.3.2 North America Digital Evidence Management Market Size by Application (2022-2030)
6.3.3 North America Digital Evidence Management Market Size by Application (2016-2030)
6.4 North America Digital Evidence Management Market Size by Country
6.4.1 North America Digital Evidence Management Market Size by Country (2016-2021)
6.4.2 North America Digital Evidence Management Market Size by Country (2022-2030)
6.4.3 United States
6.4.3 Canada

7 Europe
7.1 Europe Digital Evidence Management Market Size (2016-2030)
7.2 Europe Digital Evidence Management Market Size by Type
7.2.1 Europe Digital Evidence Management Market Size by Type (2016-2021)
7.2.2 Europe Digital Evidence Management Market Size by Type (2022-2030)
7.2.3 Europe Digital Evidence Management Market Size by Type (2016-2030)
7.3 Europe Digital Evidence Management Market Size by Application
7.3.1 Europe Digital Evidence Management Market Size by Application (2016-2021)
7.3.2 Europe Digital Evidence Management Market Size by Application (2022-2030)
7.3.3 Europe Digital Evidence Management Market Size by Application (2016-2030)
7.4 Europe Digital Evidence Management Market Size by Country
7.4.1 Europe Digital Evidence Management Market Size by Country (2016-2021)
7.4.2 Europe Digital Evidence Management Market Size by Country (2022-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic

8 Asia-Pacific
8.1 Asia-Pacific Digital Evidence Management Market Size (2016-2030)
8.2 Asia-Pacific Digital Evidence Management Market Size by Type
8.2.1 Asia-Pacific Digital Evidence Management Market Size by Type (2016-2021)
8.2.2 Asia-Pacific Digital Evidence Management Market Size by Type (2022-2030)
8.2.3 Asia-Pacific Digital Evidence Management Market Size by Type (2016-2030)
8.3 Asia-Pacific Digital Evidence Management Market Size by Application
8.3.1 Asia-Pacific Digital Evidence Management Market Size by Application (2016-2021)
8.3.2 Asia-Pacific Digital Evidence Management Market Size by Application (2022-2030)
8.3.3 Asia-Pacific Digital Evidence Management Market Size by Application (2016-2030)
8.4 Asia-Pacific Digital Evidence Management Market Size by Region
8.4.1 Asia-Pacific Digital Evidence Management Market Size by Region (2016-2021)
8.4.2 Asia-Pacific Digital Evidence Management Market Size by Region (2022-2030)
8.4.3 China
8.4.4 Japan
8.4.5 South Korea
8.4.6 Southeast Asia
8.4.7 India
8.4.8 Australia

9 Latin America
9.1 Latin America Digital Evidence Management Market Size (2016-2030)
9.2 Latin America Digital Evidence Management Market Size by Type
9.2.1 Latin America Digital Evidence Management Market Size by Type (2016-2021)
9.2.2 Latin America Digital Evidence Management Market Size by Type (2022-2030)
9.2.3 Latin America Digital Evidence Management Market Size by Type (2016-2030)
9.3 Latin America Digital Evidence Management Market Size by Application
9.3.1 Latin America Digital Evidence Management Market Size by Application (2016-2021)
9.3.2 Latin America Digital Evidence Management Market Size by Application (2022-2030)
9.3.3 Latin America Digital Evidence Management Market Size by Application (2016-2030)
9.4 Latin America Digital Evidence Management Market Size by Country
9.4.1 Latin America Digital Evidence Management Market Size by Country (2016-2021)
9.4.2 Latin America Digital Evidence Management Market Size by Country (2022-2030)
9.4.3 Mexico
9.4.4 Brazil

10 Middle East & Africa
10.1 Middle East & Africa Digital Evidence Management Market Size (2016-2030)
10.2 Middle East & Africa Digital Evidence Management Market Size by Type
10.2.1 Middle East & Africa Digital Evidence Management Market Size by Type (2016-2021)
10.2.2 Middle East & Africa Digital Evidence Management Market Size by Type (2022-2030)
10.2.3 Middle East & Africa Digital Evidence Management Market Size by Type (2016-2030)
10.3 Middle East & Africa Digital Evidence Management Market Size by Application
10.3.1 Middle East & Africa Digital Evidence Management Market Size by Application (2016-2021)
10.3.2 Middle East & Africa Digital Evidence Management Market Size by Application (2022-2030)
10.3.3 Middle East & Africa Digital Evidence Management Market Size by Application (2016-2030)
10.4 Middle East & Africa Digital Evidence Management Market Size by Country
10.4.1 Middle East & Africa Digital Evidence Management Market Size by Country (2016-2021)
10.4.2 Middle East & Africa Digital Evidence Management Market Size by Country (2022-2030)
10.4.3 Turkey
10.4.4 Saudi Arabia
10.4.5 UAE

11 Key Players Profiles
11.1 Panasonic
11.1.1 Panasonic Company Details
11.1.2 Panasonic Business Overview
11.1.3 Panasonic Digital Evidence Management Introduction
11.1.4 Panasonic Revenue in Digital Evidence Management Business (2016-2021)
11.1.5 Panasonic Recent Development
11.2 Motorola
11.2.1 Motorola Company Details
11.2.2 Motorola Business Overview
11.2.3 Motorola Digital Evidence Management Introduction
11.2.4 Motorola Revenue in Digital Evidence Management Business (2016-2021)
11.2.5 Motorola Recent Development
11.3 Nice
11.3.1 Nice Company Details
11.3.2 Nice Business Overview
11.3.3 Nice Digital Evidence Management Introduction
11.3.4 Nice Revenue in Digital Evidence Management Business (2016-2021)
11.3.5 Nice Recent Development
11.4 Accessdata
11.4.1 Accessdata Company Details
11.4.2 Accessdata Business Overview
11.4.3 Accessdata Digital Evidence Management Introduction
11.4.4 Accessdata Revenue in Digital Evidence Management Business (2016-2021)
11.4.5 Accessdata Recent Development
11.5 Msab
11.5.1 Msab Company Details
11.5.2 Msab Business Overview
11.5.3 Msab Digital Evidence Management Introduction
11.5.4 Msab Revenue in Digital Evidence Management Business (2016-2021)
11.5.5 Msab Recent Development
11.6 Opentext
11.6.1 Opentext Company Details
11.6.2 Opentext Business Overview
11.6.3 Opentext Digital Evidence Management Introduction
11.6.4 Opentext Revenue in Digital Evidence Management Business (2016-2021)
11.6.5 Opentext Recent Development
11.7 Digital Detective
11.7.1 Digital Detective Company Details
11.7.2 Digital Detective Business Overview
11.7.3 Digital Detective Digital Evidence Management Introduction
11.7.4 Digital Detective Revenue in Digital Evidence Management Business (2016-2021)
11.7.5 Digital Detective Recent Development
11.8 Cellebrite
11.8.1 Cellebrite Company Details
11.8.2 Cellebrite Business Overview
11.8.3 Cellebrite Digital Evidence Management Introduction
11.8.4 Cellebrite Revenue in Digital Evidence Management Business (2016-2021)
11.8.5 Cellebrite Recent Development
11.9 Paraben
11.9.1 Paraben Company Details
11.9.2 Paraben Business Overview
11.9.3 Paraben Digital Evidence Management Introduction
11.9.4 Paraben Revenue in Digital Evidence Management Business (2016-2021)
11.9.5 Paraben Recent Development
11.10 Quetel
11.10.1 Quetel Company Details
11.10.2 Quetel Business Overview
11.10.3 Quetel Digital Evidence Management Introduction
11.10.4 Quetel Revenue in Digital Evidence Management Business (2016-2021)
11.10.5 Quetel Recent Development
11.11 IBM
11.11.1 IBM Company Details
11.11.2 IBM Business Overview
11.11.3 IBM Digital Evidence Management Introduction
11.11.4 IBM Revenue in Digital Evidence Management Business (2016-2021)
11.11.5 IBM Recent Development
11.12 Oracle
11.12.1 Oracle Company Details
11.12.2 Oracle Business Overview
11.12.3 Oracle Digital Evidence Management Introduction
11.12.4 Oracle Revenue in Digital Evidence Management Business (2016-2021)
11.12.5 Oracle Recent Development
11.13 Hitachi
11.13.1 Hitachi Company Details
11.13.2 Hitachi Business Overview
11.13.3 Hitachi Digital Evidence Management Introduction
11.13.4 Hitachi Revenue in Digital Evidence Management Business (2016-2021)
11.13.5 Hitachi Recent Development
11.14 Capita
11.14.1 Capita Company Details
11.14.2 Capita Business Overview
11.14.3 Capita Digital Evidence Management Introduction
11.14.4 Capita Revenue in Digital Evidence Management Business (2016-2021)
11.14.5 Capita Recent Development
11.15 Vidizmo
11.15.1 Vidizmo Company Details
11.15.2 Vidizmo Business Overview
11.15.3 Vidizmo Digital Evidence Management Introduction
11.15.4 Vidizmo Revenue in Digital Evidence Management Business (2016-2021)
11.15.5 Vidizmo Recent Development
11.16 Coban
11.16.1 Coban Company Details
11.16.2 Coban Business Overview
11.16.3 Coban Digital Evidence Management Introduction
11.16.4 Coban Revenue in Digital Evidence Management Business (2016-2021)
11.16.5 Coban Recent Development
11.17 Reveal Media
11.17.1 Reveal Media Company Details
11.17.2 Reveal Media Business Overview
11.17.3 Reveal Media Digital Evidence Management Introduction
11.17.4 Reveal Media Revenue in Digital Evidence Management Business (2016-2021)
11.17.5 Reveal Media Recent Development
11.18 Porter Lee
11.18.1 Porter Lee Company Details
11.18.2 Porter Lee Business Overview
11.18.3 Porter Lee Digital Evidence Management Introduction
11.18.4 Porter Lee Revenue in Digital Evidence Management Business (2016-2021)
11.18.5 Porter Lee Recent Development
11.18 Soleratec
11.25.1 Soleratec Company Details
11.25.2 Soleratec Business Overview
11.25.3 Soleratec Digital Evidence Management Introduction
11.25.4 Soleratec Revenue in Digital Evidence Management Business (2016-2021)
11.25.5 Soleratec Recent Development
11.20 Veripic
11.20.1 Veripic Company Details
11.20.2 Veripic Business Overview
11.20.3 Veripic Digital Evidence Management Introduction
11.20.4 Veripic Revenue in Digital Evidence Management Business (2016-2021)
11.20.5 Veripic Recent Development
11.21 Fileonq
11.21.1 Fileonq Company Details
11.21.2 Fileonq Business Overview
11.21.3 Fileonq Digital Evidence Management Introduction
11.21.4 Fileonq Revenue in Digital Evidence Management Business (2016-2021)
11.21.5 Fileonq Recent Development
11.22 Tracker Products
11.22.1 Tracker Products Company Details
11.22.2 Tracker Products Business Overview
11.22.3 Tracker Products Digital Evidence Management Introduction
11.22.4 Tracker Products Revenue in Digital Evidence Management Business (2016-2021)
11.22.5 Tracker Products Recent Development
11.23 Intrensic
11.23.1 Intrensic Company Details
11.23.2 Intrensic Business Overview
11.23.3 Intrensic Digital Evidence Management Introduction
11.23.4 Intrensic Revenue in Digital Evidence Management Business (2016-2021)
11.23.5 Intrensic Recent Development
11.24 Foray
11.24.1 Foray Company Details
11.24.2 Foray Business Overview
11.24.3 Foray Digital Evidence Management Introduction
11.24.4 Foray Revenue in Digital Evidence Management Business (2016-2021)
11.24.5 Foray Recent Development
11.25 Watchguard
11.25.1 Watchguard Company Details
11.25.2 Watchguard Business Overview
11.25.3 Watchguard Digital Evidence Management Introduction
11.25.4 Watchguard Revenue in Digital Evidence Management Business (2016-2021)
11.25.5 Watchguard Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

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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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