Commercial Payment Terminals Market
Commercial Payment Terminals Market Forecasts to 2030 - Global Analysis By Type (Point-of-Sale (POS) Terminals, Contactless Payment Terminals, Vending Machine Payment Terminals, Unattended Payment Terminals and Other Types), End User (Retail, Healthcare, E-commerce, Government and Public Services, Financial Institutions, Industrial Sector, Travel and Tourism and Other End Users) and by Geography
|
CAGR (2023 - 2030) |
12.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Commercial Payment Terminals Market is growing at a CAGR of 12.5% during the forecast period. Commercial payment terminals are electronic devices that businesses and organizations use to process payments securely and conveniently. They are available in many different configurations, including self-service, countertop, mobile, wireless, and smart terminals, to satisfy the specific needs of various industries. Additionally, a variety of payment options is accepted by these terminals, such as contactless, debit, and credit card transactions.
According to payment statistics in Q2 2022, the payment systems functioned smoothly across the country. Statistics including the number of bank accounts, the volume of non-cash payments and the transaction volume in payment systems generally maintained smooth growth
Market Dynamics:
Driver:
Expanding safety and adherence
Businesses continue to place a high priority on data security, especially in light of the recent wave of cyber attacks and data breaches. Additionally, advanced security features, encryption, and adherence to strict industry standards like PCI DSS are highly sought-after characteristics in payment terminals. These terminals give companies the resources they need to protect sensitive client and financial data.
Restraint:
Security issues
Ensuring payment security is an ongoing challenge that involves managing various threats such as malware, phishing attacks, and data breaches. Moreover, strong security features, such as tokenization, end-to-end encryption, and secure key management, are required for payment terminals. To effectively mitigate evolving risks, businesses must also invest in ongoing employee training and establish proactive security policies.
Opportunity:
Improving safety measures
Payment terminal manufacturers can make investments in advanced security features like biometric authentication, machine learning-based fraud detection, and secure hardware components like Hardware Security Modules (HSMs) in response to the constantly changing threat landscape. However, in order to guarantee complete security, they can also offer businesses continuing cybersecurity training and assistance.
Threat:
Hazards to cybersecurity
The providers of payment terminals are at serious risk due to the constantly changing landscape of cybersecurity threats. Moreover, threat actors target payment terminals with ever-evolving techniques, such as ransom ware, phishing attacks, and malware, in an effort to steal confidential financial information. In order to defend against these risks and keep up with cybercriminals, providers need to make significant investments in cybersecurity measures.
Covid-19 Impact:
The commercial payment terminal market was significantly impacted by the COVID-19 pandemic. Due to safety concerns, it hastened the adoption of contactless payments and e-commerce, but it also caused supply chain disruptions, temporary business closures, and uncertainty about resilience planning and market recovery. Additionally, payment terminals need to be more adaptable and secure as a result of businesses having to reevaluate their customer engagement strategies and payment processing strategies in order to adjust to the new normal.
The Point-of-Sale (POS) Terminals segment is expected to be the largest during the forecast period
In the commercial payment terminal market, point-of-sale (POS) terminals are expected to hold the largest share. Point-of-sale (POS) terminals are the mainstay of contemporary payment processing and are found in many restaurants, retail establishments, and other commercial settings to enable safe and effective transactions. These terminals allow companies to take payments from a variety of sources, such as debit and credit cards, mobile wallets, and more. Furthermore, in order to maintain their leadership position in the payment industry, POS terminals are always developing to accommodate new payment technologies.
The E-commerce segment is expected to have the highest CAGR during the forecast period
The e-commerce segment was growing at the highest CAGR. The trend toward online shopping, which has been accelerated by the COVID-19 pandemic in particular, has been the driving force behind the growth of e-commerce. Advanced payment terminals are in high demand because e-commerce companies rely so heavily on safe and practical payment processing solutions. Moreover, the adoption of digital payment methods, the ongoing growth of online retail, and the requirement for safe, user-friendly payment terminals to satisfy the changing needs of online buyers are the main drivers of the segment's rapid growth.
Region with largest share:
In terms of market share for commercial payment terminals in North America, more specifically, the United States held the largest share. This dominance was ascribed to the widespread use of contactless, debit, and credit cards as electronic payment methods in both brick-and-mortar and online retail environments. Furthermore, the region's notable market share was facilitated by its strong financial infrastructure, strict security regulations, and a tech-savvy customer base.
Region with highest CAGR:
In the commercial payment terminals market, the Europe region is growing at the highest CAGR. Contactless and mobile payments were becoming more and more popular, and several European nations, including the UK, Germany, and France, were seeing a rise in the use of electronic payment methods. Moreover, the European Commercial Payment Terminals Market has grown significantly as a result of the region's well-developed financial infrastructure, favourable regulatory environment, and demand for safe and effective payment solutions.
Key players in the market
Some of the key players in Commercial Payment Terminals market include BBPOS, Castles Technology, Cayan, Diebold Nixdorf, Equinox Payments, First Data Corporation (now Fiserv), Ingenico Group, Mobeewave, NCR Corporation, Newland Payment Technology, PAX Global Technology, Pioneer POS, Poynt, Square, Inc., SZZT Electronics Co., Ltd and Verifone Systems, Inc.
Key Developments:
In May 2023, Diebold Nixdorf, Incorporated announced it has entered into a restructuring support agreement with certain of its key financial stakeholders to effectuate a comprehensive debt restructuring transaction that is intended to be completed efficiently and quickly. The restructuring is expected to significantly reduce debt and leverage levels and provide substantial additional liquidity to support seamless ongoing operations and establish a long-term, sustainable capital structure for the Company.
In April 2023, Cayan Group, a leading real estate investment and development company in the Middle East, has signed a development agreement with NEOM, a gigaproject spanning 26,500 square kilometers in northwest Saudi Arabia. Under the agreement, Cayan Group will fully fund and develop a Hampton By Hilton hotel situated at the NEOM Community site to meet the rapidly rising accommodation demand from the construction sector– a critical component to further progress earthworks at the site. Construction, led by BEC Arabia, has already started on the hotel, and it is expected to open by the end of 2023.
In December 2022, Fiserv, Inc., a leading global provider of payments and financial services technology solutions, today announced that it has entered into a new employment agreement with Frank Bisignano to serve as President and Chief Executive Officer through December 2027. Bisignano will also continue to serve as Chairman of the Board.
Types Covered:
• Point-of-Sale (POS) Terminals
• Contactless Payment Terminals
• Vending Machine Payment Terminals
• Unattended Payment Terminals
• Portable Payment Terminals
• Signature Capture Payment Terminals
• Magnetic Stripe Card Payment Terminals
• Other Types
End Users Covered:
• Retail
• Healthcare
• E-commerce
• Government and Public Services
• Financial Institutions
• Industrial Sector
• Travel and Tourism
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Commercial Payment Terminals Market, By Type
5.1 Introduction
5.2 Point-of-Sale (POS) Terminals
5.3 Contactless Payment Terminals
5.4 Vending Machine Payment Terminals
5.5 Unattended Payment Terminals
5.6 Portable Payment Terminals
5.7 Signature Capture Payment Terminals
5.8 Magnetic Stripe Card Payment Terminals
5.9 Other Types
6 Global Commercial Payment Terminals Market, By End User
6.1 Introduction
6.2 Retail
6.3 Healthcare
6.4 E-commerce
6.5 Government and Public Services
6.6 Financial Institutions
6.7 Industrial Sector
6.8 Travel and Tourism
6.9 Other End Users
7 Global Commercial Payment Terminals Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 BBPOS
9.2 Castles Technology
9.3 Cayan
9.4 Diebold Nixdorf
9.5 Equinox Payments
9.6 First Data Corporation (now Fiserv)
9.7 Ingenico Group
9.8 Mobeewave
9.9 NCR Corporation
9.10 Newland Payment Technology
9.11 PAX Global Technology
9.12 Pioneer POS
9.13 Poynt
9.14 Square, Inc.
9.15 SZZT Electronics Co., Ltd
9.16 Verifone Systems, Inc
List of Tables
1 Global Commercial Payment Terminals Market Outlook, By Region (2021-2030) ($MN)
2 Global Commercial Payment Terminals Market Outlook, By Type (2021-2030) ($MN)
3 Global Commercial Payment Terminals Market Outlook, By Point-of-Sale (POS) Terminals (2021-2030) ($MN)
4 Global Commercial Payment Terminals Market Outlook, By Contactless Payment Terminals (2021-2030) ($MN)
5 Global Commercial Payment Terminals Market Outlook, By Vending Machine Payment Terminals (2021-2030) ($MN)
6 Global Commercial Payment Terminals Market Outlook, By Unattended Payment Terminals (2021-2030) ($MN)
7 Global Commercial Payment Terminals Market Outlook, By Portable Payment Terminals (2021-2030) ($MN)
8 Global Commercial Payment Terminals Market Outlook, By Signature Capture Payment Terminals (2021-2030) ($MN)
9 Global Commercial Payment Terminals Market Outlook, By Magnetic Stripe Card Payment Terminals (2021-2030) ($MN)
10 Global Commercial Payment Terminals Market Outlook, By Other Types (2021-2030) ($MN)
11 Global Commercial Payment Terminals Market Outlook, By End User (2021-2030) ($MN)
12 Global Commercial Payment Terminals Market Outlook, By Retail (2021-2030) ($MN)
13 Global Commercial Payment Terminals Market Outlook, By Healthcare (2021-2030) ($MN)
14 Global Commercial Payment Terminals Market Outlook, By E-commerce (2021-2030) ($MN)
15 Global Commercial Payment Terminals Market Outlook, By Government and Public Services (2021-2030) ($MN)
16 Global Commercial Payment Terminals Market Outlook, By Financial Institutions (2021-2030) ($MN)
17 Global Commercial Payment Terminals Market Outlook, By Industrial Sector (2021-2030) ($MN)
18 Global Commercial Payment Terminals Market Outlook, By Travel and Tourism (2021-2030) ($MN)
19 Global Commercial Payment Terminals Market Outlook, By Other End Users (2021-2030) ($MN)
20 North America Commercial Payment Terminals Market Outlook, By Country (2021-2030) ($MN)
21 North America Commercial Payment Terminals Market Outlook, By Type (2021-2030) ($MN)
22 North America Commercial Payment Terminals Market Outlook, By Point-of-Sale (POS) Terminals (2021-2030) ($MN)
23 North America Commercial Payment Terminals Market Outlook, By Contactless Payment Terminals (2021-2030) ($MN)
24 North America Commercial Payment Terminals Market Outlook, By Vending Machine Payment Terminals (2021-2030) ($MN)
25 North America Commercial Payment Terminals Market Outlook, By Unattended Payment Terminals (2021-2030) ($MN)
26 North America Commercial Payment Terminals Market Outlook, By Portable Payment Terminals (2021-2030) ($MN)
27 North America Commercial Payment Terminals Market Outlook, By Signature Capture Payment Terminals (2021-2030) ($MN)
28 North America Commercial Payment Terminals Market Outlook, By Magnetic Stripe Card Payment Terminals (2021-2030) ($MN) 29 North America Commercial Payment Terminals Market Outlook, By Other Types (2021-2030) ($MN)
30 North America Commercial Payment Terminals Market Outlook, By End User (2021-2030) ($MN)
31 North America Commercial Payment Terminals Market Outlook, By Retail (2021-2030) ($MN)
32 North America Commercial Payment Terminals Market Outlook, By Healthcare (2021-2030) ($MN)
33 North America Commercial Payment Terminals Market Outlook, By E-commerce (2021-2030) ($MN)
34 North America Commercial Payment Terminals Market Outlook, By Government and Public Services (2021-2030) ($MN)
35 North America Commercial Payment Terminals Market Outlook, By Financial Institutions (2021-2030) ($MN)
36 North America Commercial Payment Terminals Market Outlook, By Industrial Sector (2021-2030) ($MN)
37 North America Commercial Payment Terminals Market Outlook, By Travel and Tourism (2021-2030) ($MN)
38 North America Commercial Payment Terminals Market Outlook, By Other End Users (2021-2030) ($MN)
39 Europe Commercial Payment Terminals Market Outlook, By Country (2021-2030) ($MN)
40 Europe Commercial Payment Terminals Market Outlook, By Type (2021-2030) ($MN)
41 Europe Commercial Payment Terminals Market Outlook, By Point-of-Sale (POS) Terminals (2021-2030) ($MN)
42 Europe Commercial Payment Terminals Market Outlook, By Contactless Payment Terminals (2021-2030) ($MN)
43 Europe Commercial Payment Terminals Market Outlook, By Vending Machine Payment Terminals (2021-2030) ($MN)
44 Europe Commercial Payment Terminals Market Outlook, By Unattended Payment Terminals (2021-2030) ($MN)
45 Europe Commercial Payment Terminals Market Outlook, By Portable Payment Terminals (2021-2030) ($MN)
46 Europe Commercial Payment Terminals Market Outlook, By Signature Capture Payment Terminals (2021-2030) ($MN)
47 Europe Commercial Payment Terminals Market Outlook, By Magnetic Stripe Card Payment Terminals (2021-2030) ($MN)
48 Europe Commercial Payment Terminals Market Outlook, By Other Types (2021-2030) ($MN)
49 Europe Commercial Payment Terminals Market Outlook, By End User (2021-2030) ($MN)
50 Europe Commercial Payment Terminals Market Outlook, By Retail (2021-2030) ($MN)
51 Europe Commercial Payment Terminals Market Outlook, By Healthcare (2021-2030) ($MN)
52 Europe Commercial Payment Terminals Market Outlook, By E-commerce (2021-2030) ($MN)
53 Europe Commercial Payment Terminals Market Outlook, By Government and Public Services (2021-2030) ($MN)
54 Europe Commercial Payment Terminals Market Outlook, By Financial Institutions (2021-2030) ($MN)
55 Europe Commercial Payment Terminals Market Outlook, By Industrial Sector (2021-2030) ($MN)
56 Europe Commercial Payment Terminals Market Outlook, By Travel and Tourism (2021-2030) ($MN)
57 Europe Commercial Payment Terminals Market Outlook, By Other End Users (2021-2030) ($MN)
58 Asia Pacific Commercial Payment Terminals Market Outlook, By Country (2021-2030) ($MN)
59 Asia Pacific Commercial Payment Terminals Market Outlook, By Type (2021-2030) ($MN)
60 Asia Pacific Commercial Payment Terminals Market Outlook, By Point-of-Sale (POS) Terminals (2021-2030) ($MN)
61 Asia Pacific Commercial Payment Terminals Market Outlook, By Contactless Payment Terminals (2021-2030) ($MN)
62 Asia Pacific Commercial Payment Terminals Market Outlook, By Vending Machine Payment Terminals (2021-2030) ($MN)
63 Asia Pacific Commercial Payment Terminals Market Outlook, By Unattended Payment Terminals (2021-2030) ($MN)
64 Asia Pacific Commercial Payment Terminals Market Outlook, By Portable Payment Terminals (2021-2030) ($MN)
65 Asia Pacific Commercial Payment Terminals Market Outlook, By Signature Capture Payment Terminals (2021-2030) ($MN)
66 Asia Pacific Commercial Payment Terminals Market Outlook, By Magnetic Stripe Card Payment Terminals (2021-2030) ($MN)
67 Asia Pacific Commercial Payment Terminals Market Outlook, By Other Types (2021-2030) ($MN)
68 Asia Pacific Commercial Payment Terminals Market Outlook, By End User (2021-2030) ($MN)
69 Asia Pacific Commercial Payment Terminals Market Outlook, By Retail (2021-2030) ($MN)
70 Asia Pacific Commercial Payment Terminals Market Outlook, By Healthcare (2021-2030) ($MN)
71 Asia Pacific Commercial Payment Terminals Market Outlook, By E-commerce (2021-2030) ($MN)
72 Asia Pacific Commercial Payment Terminals Market Outlook, By Government and Public Services (2021-2030) ($MN)
73 Asia Pacific Commercial Payment Terminals Market Outlook, By Financial Institutions (2021-2030) ($MN)
74 Asia Pacific Commercial Payment Terminals Market Outlook, By Industrial Sector (2021-2030) ($MN)
75 Asia Pacific Commercial Payment Terminals Market Outlook, By Travel and Tourism (2021-2030) ($MN)
76 Asia Pacific Commercial Payment Terminals Market Outlook, By Other End Users (2021-2030) ($MN)
77 South America Commercial Payment Terminals Market Outlook, By Country (2021-2030) ($MN)
78 South America Commercial Payment Terminals Market Outlook, By Type (2021-2030) ($MN)
79 South America Commercial Payment Terminals Market Outlook, By Point-of-Sale (POS) Terminals (2021-2030) ($MN)
80 South America Commercial Payment Terminals Market Outlook, By Contactless Payment Terminals (2021-2030) ($MN)
81 South America Commercial Payment Terminals Market Outlook, By Vending Machine Payment Terminals (2021-2030) ($MN)
82 South America Commercial Payment Terminals Market Outlook, By Unattended Payment Terminals (2021-2030) ($MN)
83 South America Commercial Payment Terminals Market Outlook, By Portable Payment Terminals (2021-2030) ($MN)
84 South America Commercial Payment Terminals Market Outlook, By Signature Capture Payment Terminals (2021-2030) ($MN)
85 South America Commercial Payment Terminals Market Outlook, By Magnetic Stripe Card Payment Terminals (2021-2030) ($MN)
86 South America Commercial Payment Terminals Market Outlook, By Other Types (2021-2030) ($MN)
87 South America Commercial Payment Terminals Market Outlook, By End User (2021-2030) ($MN)
88 South America Commercial Payment Terminals Market Outlook, By Retail (2021-2030) ($MN)
89 South America Commercial Payment Terminals Market Outlook, By Healthcare (2021-2030) ($MN)
90 South America Commercial Payment Terminals Market Outlook, By E-commerce (2021-2030) ($MN)
91 South America Commercial Payment Terminals Market Outlook, By Government and Public Services (2021-2030) ($MN)
92 South America Commercial Payment Terminals Market Outlook, By Financial Institutions (2021-2030) ($MN)
93 South America Commercial Payment Terminals Market Outlook, By Industrial Sector (2021-2030) ($MN)
94 South America Commercial Payment Terminals Market Outlook, By Travel and Tourism (2021-2030) ($MN)
95 South America Commercial Payment Terminals Market Outlook, By Other End Users (2021-2030) ($MN)
96 Middle East & Africa Commercial Payment Terminals Market Outlook, By Country (2021-2030) ($MN)
97 Middle East & Africa Commercial Payment Terminals Market Outlook, By Type (2021-2030) ($MN)
98 Middle East & Africa Commercial Payment Terminals Market Outlook, By Point-of-Sale (POS) Terminals (2021-2030) ($MN)
99 Middle East & Africa Commercial Payment Terminals Market Outlook, By Contactless Payment Terminals (2021-2030) ($MN)
100 Middle East & Africa Commercial Payment Terminals Market Outlook, By Vending Machine Payment Terminals (2021-2030) ($MN) 101 Middle East & Africa Commercial Payment Terminals Market Outlook, By Unattended Payment Terminals (2021-2030) ($MN)
102 Middle East & Africa Commercial Payment Terminals Market Outlook, By Portable Payment Terminals (2021-2030) ($MN)
103 Middle East & Africa Commercial Payment Terminals Market Outlook, By Signature Capture Payment Terminals (2021-2030) ($MN) 104 Middle East & Africa Commercial Payment Terminals Market Outlook, By Magnetic Stripe Card Payment Terminals (2021-2030) ($MN)
105 Middle East & Africa Commercial Payment Terminals Market Outlook, By Other Types (2021-2030) ($MN)
106 Middle East & Africa Commercial Payment Terminals Market Outlook, By End User (2021-2030) ($MN)
107 Middle East & Africa Commercial Payment Terminals Market Outlook, By Retail (2021-2030) ($MN)
108 Middle East & Africa Commercial Payment Terminals Market Outlook, By Healthcare (2021-2030) ($MN)
109 Middle East & Africa Commercial Payment Terminals Market Outlook, By E-commerce (2021-2030) ($MN)
110 Middle East & Africa Commercial Payment Terminals Market Outlook, By Government and Public Services (2021-2030) ($MN)
111 Middle East & Africa Commercial Payment Terminals Market Outlook, By Financial Institutions (2021-2030) ($MN)
112 Middle East & Africa Commercial Payment Terminals Market Outlook, By Industrial Sector (2021-2030) ($MN)
113 Middle East & Africa Commercial Payment Terminals Market Outlook, By Travel and Tourism (2021-2030) ($MN)
114 Middle East & Africa Commercial Payment Terminals Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
