Smart Factory Market
PUBLISHED: 2024 ID: SMRC26616
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Smart Factory Market

Smart Factory Market Forecasts to 2030 - Global Analysis By Component (Hardware, Software and Other Components), Connectivity (Wired Connectivity and Wireless Connectivity), Technology, End User and By Geography

4.7 (22 reviews)
4.7 (22 reviews)
Published: 2024 ID: SMRC26616

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Smart Factory Market is accounted for $104.26 billion in 2024 and is expected to reach $149.57 billion by 2030 growing at a CAGR of 6.2% during the forecast period. A ""Smart Factory"" is a highly digitized and connected production facility that leverages advanced technologies to enhance manufacturing efficiency, flexibility, and adaptability. Key technologies include the Internet of Things (IoT), artificial intelligence (AI), robotics, and data analytics, which work together to enable real-time monitoring, autonomous decision-making, and predictive maintenance. Smart factories integrate cyber-physical systems and use digital twins to simulate and optimize production processes. This innovation enhances product quality, reduces downtime, and enables mass customization, making manufacturing more responsive to market demands and reducing operational costs.
 
According to the Statistics Bureau of Japan, Robotics sector income in Japan is predicted to increase from USD 10.18 billion in 2018 to USD 16.35 billion in 2024. According to the government, the Indian semiconductor sector was valued at USD 15 billion in 2020 and is anticipated to grow to USD 63 billion by 2026. 

Market Dynamics: 

Driver: 

Technology advancements and improved supply chain management

The development of technology is a key factor in the market for smart factories. Technological advancements play a crucial role in driving the smart factory market. Innovations such as AI, machine learning, cloud computing, and edge computing enable more sophisticated automation, predictive analytics, and connectivity between machines and systems. These developments increase the availability, scalability, and effectiveness of smart manufacturing solutions. Furthermore, by offering real-time visibility into inventory, logistics, and demand forecasts, smart factories support improved supply chain management. 

Restraint:

High initial investment

A high initial investment is a significant restraint in the smart factory market. Establishing a smart factory requires substantial capital for advanced technologies, such as IoT devices, robotics, AI systems, and sophisticated data analytics platforms. This investment includes not only purchasing and integrating these technologies but also retrofitting existing facilities and infrastructure to accommodate them. Additionally, there are costs related to training staff, ensuring cybersecurity, and maintaining and upgrading the systems. For 

Opportunity:

Development of 5G technology

Smart factory owners can employ cellular technologies more securely and customize them for particular applications with the help of 5G technology. They can collect data from production networks without connecting to the machines by installing sensors on 5G-enabled equipment, enabling smooth real-time optimization. For reliable and powerful connections, several firms are implementing 5G networks. By installing a 5G network in factories, wired connectivity is no longer required, allowing for high-speed manufacturing with maximum flexibility and minimal downtime. Having a network that can be supported in terms of speed, coverage, and reliability becomes essential for industries.

Threat:

Cyber security risks

The smart factory market faces significant cyber security risks due to its reliance on interconnected systems and Industrial Internet of Things (IIoT) devices. These include vulnerabilities to ransom ware, which can disrupt production by locking critical systems, and supply chain attacks that exploit third-party vendor software. Unauthorized access and data breaches can lead to the theft of proprietary information or sabotage. Additionally, the integration of legacy equipment with new technologies often introduces security gaps. 

Covid-19 Impact: 

The COVID-19 pandemic accelerated the adoption of smart factory technologies as manufacturers sought to mitigate disruptions caused by lockdowns and social distancing measures. The need for operational continuity, remote monitoring, and resilience in supply chains pushed companies to integrate IoT, AI, and automation in their production lines. Smart factories enabled flexible production and improved safety through reduced human intervention. Additionally, the pandemic highlighted the importance of real-time data and predictive analytics for maintaining efficiency and responding swiftly to market changes.

The hardware segment is expected to be the largest during the forecast period

The hardware segment of the smart factory market is experiencing robust growth driven by increased automation and digitalization across manufacturing sectors. Critical components such as Industrial Internet of Things (IIoT) devices, advanced robotics, and automated guided vehicles (AGVs) are in high demand, enhancing operational efficiency and productivity. Investment in smart sensors, edge computing devices, and enhanced connectivity solutions is rising to enable real-time data analytics and decision-making on the shop floor. The adoption of Industry 4.0 technologies, which prioritize automation and data exchange, is propelling this expansion, particularly in the automotive, electronics, and pharmaceutical industries.

The blockchain segment is expected to have the highest CAGR during the forecast period

The blockchain segment within the smart factory market is experiencing significant growth, driven by its potential to enhance supply chain transparency, security, and operational efficiency. Blockchain's ability to provide immutable records facilitates real-time tracking of assets, ensuring data integrity and traceability. This technology aids in reducing fraud, streamlining audits, and optimizing inventory management. The rise in demand for decentralized solutions in manufacturing processes, coupled with the push for Industry 4.0 integration, further propels the adoption of blockchain in smart factories.

Region with largest share:

The North American smart factory market is experiencing significant growth, driven by the rapid adoption of advanced technologies such as IoT, AI, and robotics in manufacturing. Key factors include the strong presence of leading technology companies, substantial investment in research and development, and favourable government policies supporting Industry 4.0 initiatives. The region's focus on enhancing production efficiency, reducing operational costs, and ensuring high-quality output is accelerating the deployment of smart factory solutions. 

Region with highest CAGR:

The Asia-Pacific region has seen remarkable growth in the smart factory market, fuelled by factors like increasing industrialization, technological advancements, and government initiatives. Countries like China, Japan, South Korea, and India are at the forefront of this growth, leveraging automation, IoT, and AI to enhance manufacturing processes. This expansion is also propelled by the region's strong presence in the electronics, automotive, and semiconductor industries, driving demand for smart manufacturing solutions. Moreover, rising labour costs have incentivized companies to invest in smart technologies for improved efficiency and productivity.

Key players in the market

Some of the key players in Smart Factory market include ABB Ltd., Cisco Systems Inc., Cognex Corporation, Emerson Electric Co., Endress+Hauser AG, Fanuc Corporation, General Electric Company, Honeywell International Inc., IBM Corporation, Johnson Controls International PLC, Kollmorgen, Microsoft Corporation, Mitsubishi Electric Corp., Oracle Corporation, Robert Bosch GmbH, Rockwell Automation Inc, SAP SE, Schneider Electric SE, Siemens AG and Yokogawa Electric Corp.

Key Developments:

In June 2024, DTEK Group and Schneider Electric have announced a memorandum of understanding (MoU) to bring innovative energy solutions to Ukraine with a focus on smart infrastructure, grid modernisation, digitisation and industry solutions. The partnership between DTEK, the largest private investor in Ukraine’s energy sector, and tech developer Schneider Electric, involves a framework for cooperation to implement projects that will enhance energy efficiency, ensure supply reliability and promote sustainable energy across Ukraine.

In May 2024, Rockwell Automation is mulling expanding its technology workforce and opening more factories to boost manufacturing in India, days after unveiling plans to construct a plant in the southern state of Tamil Nadu. The industrial automation equipment maker, which completed 40 years in India in 2023, counts many manufacturing giants, including Reliance Industries, Mahindra Group and MRF, as its customers.

Components Covered:
• Hardware
• Software
• Machine Vision System
• Control Devices
• Services
• Other Components

Connectivities Covered:
• Wired Connectivity
• Wireless Connectivity

Technologies Covered:
• Industrial Cybersecurity
• Digital Twin
• Cloud Computing & Storage
• Blockchain
• Augmented Reality/Virtual Reality (AR/VR)
• Artificial Intelligence
• Other Technologies 

End Users Covered:
• Oil & Gas
• Healthcare & Pharmaceuticals
• Food & Beverages
• Energy & Utilities
• Electrical & Electronics
• Automotive
• Aerospace & Defence
• Chemicals
• Garment & Textile
• Machine Manufacturing
• Medical Devices
• Metal & Mining
• Pulp & Paper

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 2022, 2023, 2024, 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 Technology Analysis     
 3.7 End User Analysis     
 3.8 Emerging Markets     
 3.9 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 Smart Factory Market, By Component      
 5.1 Introduction     
 5.2 Hardware     
  5.2.1 Machine Vision Systems    
  5.2.2 Industrial Robots    
   5.2.2.1 Articulated   
   5.2.2.2 Cartesian   
   5.2.2.3 Cylindrical   
   5.2.2.4 Industrial 3D Printing   
   5.2.2.5 Selective Compliance Articulated Robot Arm (SCARA)   
  5.2.3 Sensors    
   5.2.3.1 Vibration Sensor   
   5.2.3.2 Pressure Sensor   
   5.2.3.3 Motion Sensors   
   5.2.3.4 Micro-Sensors   
   5.2.3.5 Fire and Smoke Sensors   
   5.2.3.6 Decibel Sensor   
 5.3 Software     
  5.3.1 Distributed Control System    
  5.3.2 Enterprise Resource Planning (ERP)    
  5.3.3 Human Machine Interface    
  5.3.4 Product Life Cycle Management    
  5.3.5 Programmable automation controller (PAC)    
  5.3.6 Programmable logic controller (PLC)    
  5.3.7 Supervisory Control and Data Acquisition (SCADA)    
 5.4 Machine Vision System     
  5.4.1 Cameras    
  5.4.2 Processors    
  5.4.3 Optics & LED Lighting    
  5.4.4 Frame Grabbers    
 5.5 Control Devices     
  5.5.1 Relays and Switches    
  5.5.2 Control Valves    
  5.5.3 Motors & Drives    
 5.6 Services     
  5.6.1 Managed Services    
  5.6.2 Professional Services    
   5.6.2.1 Integration & Deployment   
   5.6.2.2 Support & Maintenance   
  5.6.3 Consulting    
   5.6.3.1 Smart Factory Assessment Service   
   5.6.3.2 Continuous Process Improvement/Calibration Service   
   5.6.3.3 Infrastructure Management Service   
 5.7 Other Components     
       
6 Global Smart Factory Market, By Connectivity      
 6.1 Introduction     
 6.2 Wired Connectivity     
  6.2.1 Fieldbus    
  6.2.2 Ethernet    
 6.3 Wireless Connectivity     
  6.3.1 Wi-Fi    
  6.3.2 WirelessHART    
  6.3.3 Bluetooth    
       
7 Global Smart Factory Market, By Technology      
 7.1 Introduction     
 7.2 Industrial Cybersecurity     
 7.3 Digital Twin     
 7.4 Cloud Computing & Storage     
 7.5 Blockchain     
 7.6 Augmented Reality/Virtual Reality (AR/VR)     
 7.7 Artificial Intelligence     
 7.8 Other Technologies     
       
8 Global Smart Factory Market, By End User      
 8.1 Introduction     
 8.2 Oil & Gas     
 8.3 Healthcare & Pharmaceuticals     
 8.4 Food & Beverages     
 8.5 Energy & Utilities     
 8.6 Electrical & Electronics     
 8.7 Automotive     
 8.8 Aerospace & Defence     
 8.9 Chemicals     
 8.10 Garment & Textile     
 8.11 Machine Manufacturing     
 8.12 Medical Devices     
 8.13 Metal & Mining     
 8.14 Pulp & Paper     
       
9 Global Smart Factory Market, By Geography      
 9.1 Introduction     
 9.2 North America     
  9.2.1 US    
  9.2.2 Canada    
  9.2.3 Mexico    
 9.3 Europe     
  9.3.1 Germany    
  9.3.2 UK    
  9.3.3 Italy    
  9.3.4 France    
  9.3.5 Spain    
  9.3.6 Rest of Europe    
 9.4 Asia Pacific     
  9.4.1 Japan    
  9.4.2 China    
  9.4.3 India    
  9.4.4 Australia    
  9.4.5 New Zealand    
  9.4.6 South Korea    
  9.4.7 Rest of Asia Pacific    
 9.5 South America     
  9.5.1 Argentina    
  9.5.2 Brazil    
  9.5.3 Chile    
  9.5.4 Rest of South America    
 9.6 Middle East & Africa     
  9.6.1 Saudi Arabia    
  9.6.2 UAE    
  9.6.3 Qatar    
  9.6.4 South Africa    
  9.6.5 Rest of Middle East & Africa    
       
10 Key Developments      
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 10.2 Acquisitions & Mergers     
 10.3 New Product Launch     
 10.4 Expansions     
 10.5 Other Key Strategies     
       
11 Company Profiling      
 11.1 ABB Ltd.     
 11.2 Cisco Systems Inc.     
 11.3 Cognex Corporation     
 11.4 Emerson Electric Co.     
 11.5 Endress+Hauser AG     
 11.6 Fanuc Corporation     
 11.7 General Electric Company     
 11.8 Honeywell International Inc.     
 11.9 IBM Corporation     
 11.10 Johnson Controls International PLC     
 11.11 Kollmorgen     
 11.12 Microsoft Corporation     
 11.13 Mitsubishi Electric Corp.     
 11.14 Oracle Corporation     
 11.15 Robert Bosch GmbH     
 11.16 Rockwell Automation Inc     
 11.17 SAP SE     
 11.18 Schneider Electric SE     
 11.19 Siemens AG     
 11.20 Yokogawa Electric Corp.     
       
List of Tables       
1 Global Smart Factory Market Outlook, By Region (2022-2030) ($MN)      
2 Global Smart Factory Market Outlook, By Component (2022-2030) ($MN)      
3 Global Smart Factory Market Outlook, By Hardware (2022-2030) ($MN)      
4 Global Smart Factory Market Outlook, By Machine Vision Systems (2022-2030) ($MN)      
5 Global Smart Factory Market Outlook, By Industrial Robots (2022-2030) ($MN)      
6 Global Smart Factory Market Outlook, By Articulated (2022-2030) ($MN)      
7 Global Smart Factory Market Outlook, By Cartesian (2022-2030) ($MN)      
8 Global Smart Factory Market Outlook, By Cylindrical (2022-2030) ($MN)      
9 Global Smart Factory Market Outlook, By Industrial 3D Printing (2022-2030) ($MN)      
10 Global Smart Factory Market Outlook, By Selective Compliance Articulated Robot Arm (SCARA) (2022-2030) ($MN)      
11 Global Smart Factory Market Outlook, By Sensors (2022-2030) ($MN)      
12 Global Smart Factory Market Outlook, By Vibration Sensor (2022-2030) ($MN)      
13 Global Smart Factory Market Outlook, By Pressure Sensor (2022-2030) ($MN)      
14 Global Smart Factory Market Outlook, By Motion Sensors (2022-2030) ($MN)      
15 Global Smart Factory Market Outlook, By Micro-Sensors (2022-2030) ($MN)      
16 Global Smart Factory Market Outlook, By Fire and Smoke Sensors (2022-2030) ($MN)      
17 Global Smart Factory Market Outlook, By Decibel Sensor (2022-2030) ($MN)      
18 Global Smart Factory Market Outlook, By Software (2022-2030) ($MN)      
19 Global Smart Factory Market Outlook, By Distributed Control System (2022-2030) ($MN)      
20 Global Smart Factory Market Outlook, By Enterprise Resource Planning (ERP) (2022-2030) ($MN)      
21 Global Smart Factory Market Outlook, By Human Machine Interface (2022-2030) ($MN)      
22 Global Smart Factory Market Outlook, By Product Life Cycle Management (2022-2030) ($MN)      
23 Global Smart Factory Market Outlook, By Programmable automation controller (PAC) (2022-2030) ($MN)      
24 Global Smart Factory Market Outlook, By Programmable logic controller (PLC) (2022-2030) ($MN)      
25 Global Smart Factory Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2022-2030) ($MN)      
26 Global Smart Factory Market Outlook, By Machine Vision System (2022-2030) ($MN)      
27 Global Smart Factory Market Outlook, By Cameras (2022-2030) ($MN)      
28 Global Smart Factory Market Outlook, By Processors (2022-2030) ($MN)      
29 Global Smart Factory Market Outlook, By Optics & LED Lighting (2022-2030) ($MN)      
30 Global Smart Factory Market Outlook, By Frame Grabbers (2022-2030) ($MN)      
31 Global Smart Factory Market Outlook, By Control Devices (2022-2030) ($MN)      
32 Global Smart Factory Market Outlook, By Relays and Switches (2022-2030) ($MN)      
33 Global Smart Factory Market Outlook, By Control Valves (2022-2030) ($MN)      
34 Global Smart Factory Market Outlook, By Motors & Drives (2022-2030) ($MN)      
35 Global Smart Factory Market Outlook, By Services (2022-2030) ($MN)      
36 Global Smart Factory Market Outlook, By Managed Services (2022-2030) ($MN)      
37 Global Smart Factory Market Outlook, By Professional Services (2022-2030) ($MN)      
38 Global Smart Factory Market Outlook, By Integration & Deployment (2022-2030) ($MN)      
39 Global Smart Factory Market Outlook, By Support & Maintenance (2022-2030) ($MN)      
40 Global Smart Factory Market Outlook, By Consulting (2022-2030) ($MN)      
41 Global Smart Factory Market Outlook, By Smart Factory Assessment Service (2022-2030) ($MN)      
42 Global Smart Factory Market Outlook, By Continuous Process Improvement/Calibration Service (2022-2030) ($MN)      
43 Global Smart Factory Market Outlook, By Infrastructure Management Service (2022-2030) ($MN)      
44 Global Smart Factory Market Outlook, By Other Components (2022-2030) ($MN)      
45 Global Smart Factory Market Outlook, By Connectivity (2022-2030) ($MN)      
46 Global Smart Factory Market Outlook, By Wired Connectivity (2022-2030) ($MN)      
47 Global Smart Factory Market Outlook, By Fieldbus (2022-2030) ($MN)      
48 Global Smart Factory Market Outlook, By Ethernet (2022-2030) ($MN)      
49 Global Smart Factory Market Outlook, By Wireless Connectivity (2022-2030) ($MN)      
50 Global Smart Factory Market Outlook, By Wi-Fi (2022-2030) ($MN)      
51 Global Smart Factory Market Outlook, By WirelessHART (2022-2030) ($MN)      
52 Global Smart Factory Market Outlook, By Bluetooth (2022-2030) ($MN)      
53 Global Smart Factory Market Outlook, By Technology (2022-2030) ($MN)      
54 Global Smart Factory Market Outlook, By Industrial Cybersecurity (2022-2030) ($MN)      
55 Global Smart Factory Market Outlook, By Digital Twin (2022-2030) ($MN)      
56 Global Smart Factory Market Outlook, By Cloud Computing & Storage (2022-2030) ($MN)      
57 Global Smart Factory Market Outlook, By Blockchain (2022-2030) ($MN)      
58 Global Smart Factory Market Outlook, By Augmented Reality/Virtual Reality (AR/VR) (2022-2030) ($MN)      
59 Global Smart Factory Market Outlook, By Artificial Intelligence (2022-2030) ($MN)      
60 Global Smart Factory Market Outlook, By Other Technologies (2022-2030) ($MN)      
61 Global Smart Factory Market Outlook, By End User (2022-2030) ($MN)      
62 Global Smart Factory Market Outlook, By Oil & Gas (2022-2030) ($MN)      
63 Global Smart Factory Market Outlook, By Healthcare & Pharmaceuticals (2022-2030) ($MN)      
64 Global Smart Factory Market Outlook, By Food & Beverages (2022-2030) ($MN)      
65 Global Smart Factory Market Outlook, By Energy & Utilities (2022-2030) ($MN)      
66 Global Smart Factory Market Outlook, By Electrical & Electronics (2022-2030) ($MN)      
67 Global Smart Factory Market Outlook, By Automotive (2022-2030) ($MN)      
68 Global Smart Factory Market Outlook, By Aerospace & Defence (2022-2030) ($MN)      
69 Global Smart Factory Market Outlook, By Chemicals (2022-2030) ($MN)      
70 Global Smart Factory Market Outlook, By Garment & Textile (2022-2030) ($MN)      
71 Global Smart Factory Market Outlook, By Machine Manufacturing (2022-2030) ($MN)      
72 Global Smart Factory Market Outlook, By Medical Devices (2022-2030) ($MN)      
73 Global Smart Factory Market Outlook, By Metal & Mining (2022-2030) ($MN)      
74 Global Smart Factory Market Outlook, By Pulp & Paper (2022-2030) ($MN)      
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.       

List of Figures

RESEARCH METHODOLOGY


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

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