APAC Luxury Goods Market by Distribution Channel and product - Forecast and Analysis 2024-2028

Published: Mar 2024 Pages: 145 SKU: IRTNTR77613

APAC Luxury Goods Market Forecast 2024-2028

  • The APAC luxury goods market size is estimated to grow by USD 22.82 billion between 2023 and 2028
  • The market is accelerating at a compound annual growth rate of 3.3%.

The market trends and analysis report covers an in-depth analysis of market growth factors like increased demand for premium products, the expansion in online retailing of luxury goods, and the rising disposable income of consumers in APAC. 

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Key Major Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.

  • Burberry Group Plc: The company offers luxury goods such as men's and women's apparel, children's wear, beauty products, sunglasses, watches, leather goods, handbags, and beauty products.

The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Bang and Olufsen Group, Capri Holdings Ltd., Cartier SA, Chanel Ltd., Compagnie Financiere Richemont SA, Dolce and Gabbana SRL, Gianni Versace Srl, Giorgio Armani S.p.A., Hermes International SA, JOHN HARDY USA Inc., Kering SA, LVMH Moet Hennessy Louis Vuitton SE, MCM Products USA Inc., Prada S.p.A, Ralph Lauren Corp., Rolex SA, S.T. Dupont SA, Swarovski AG, and The Swatch Group Ltd.

Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamic

Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Drivers

Increased demand for premium products is the key factor driving the market. Premium products often offer a combination of tangible and intangible value. The perceived value of owning a well-crafted, exclusive item or experiencing a premium service contributes to the demand for such products and services. APAC includes economically dynamic countries such as China, Japan, Australia, and South Korea. For instance, China stands out as one of the most economically dynamic countries in the APAC region. With a massive and rapidly growing middle class, China has become a major market for premium and luxury products. Similarly, South Korea has witnessed remarkable economic growth over the years, and consumers in the country have developed a strong appetite for premium and luxury goods. Seoul, the capital, is known for its vibrant fashion scene and luxury shopping districts and has a consumer base that values high-quality products.

Moreover, premium products often incorporate cutting-edge design and innovative technologies. Whether it is fashion, electronics, or automobiles, consumers are drawn to products that showcase the latest trends and embody a sense of modernity and luxury. Furthermore, luxury brands frequently offer personalized and customized options in their products. This level of personalization, which takes the form of monogramming, bespoke tailoring, or unique configurations, enhances the exclusivity and individuality of the premium item purchased. Therefore, a rise in the demand for premium products, with a rise in the lifestyles of customers, will foster the growth of the market during the forecast period. Additionally, digital channels are increasingly becoming important channels for reaching Asian luxury consumers whose attitudes heavily favor boutique luxury experiences and customization.

Significant Market Trends

The rise in demand for sustainable goods is the primary trend shaping the market. The rise in the demand for sustainable goods in the market is part of a global trend where consumers are redefining their idea of luxury to include values such as sustainability, responsibility, and authenticity. Brands that embrace and champion these values are likely to find success in meeting the evolving expectations of consumers in the region. The concept of circular fashion, which promotes recycling, upcycling, and the extension of product lifecycles, is gaining traction in the market. Consumers are increasingly valuing brands that contribute to a more sustainable and circular approach to fashion.

Furthermore, the governments of China, India, and Japan are implementing initiatives and regulations to promote sustainable practices in manufacturing. These policies are encouraging brands to adopt eco-friendly production methods and raw materials. Several luxury brands cater to the rising trend of sustainable luxury goods. Additionally, the integration of sustainable practices by luxury brands not only addresses environmental concerns but also meets the growing demand for conscious and ethical consumption, which is expected to drive the growth of the market during the forecast period.

Major Market Challenges

The growing issue of counterfeit products is a challenge that affects market expansion. The growing market prospects for luxury goods (such as handbags, watches, and accessories) and their surging demand parallelly drive the market for counterfeit luxury goods, especially in developing countries such as India and Sri Lanka. The increasing penetration of e-commerce has propelled the sales of counterfeit products. Customers face difficulty in differentiating genuine products from counterfeit products, as both appear similar. These imitation luxury bags often mimic the design, logos, and stitching of authentic products. Furthermore, counterfeit products are inexpensive and are thus high in demand. These products adversely affect the sales and pricing strategies of genuine companies by diluting their market shares and hampering their reputations. 

Moreover, manufacturers of counterfeit products save a lot on production and transportation costs through the use of low-quality raw materials and operations in regional or local markets. As a result, these are more cost-effective than their genuine counterparts. Established players in the market are striving to penetrate developing countries such as India and China, which have a significant presence of these due to their low prices. Therefore, the presence of counterfeit products will hinder the expansion of the market during the forecast period.

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Market Segmentation And Region

By Distribution Channel Analysis

The offline segment will account for a major share of the market's growth during the forecast period.? The revenue in this segment has been declining gradually over the years due to the increasing preference for online shopping. To fuel sales of luxury goods through offline channels, companies are expanding their stores in local and regional markets. To survive in such a competitive market and to overcome the declining preference for offline shopping, retailers are introducing new business and retail strategies, such as better pricing strategies and a wide range of products. The offline segment was valued at USD 94.27 billion in 2018. The huge growth in the number of retailers in different regions will drive customer familiarization with different types of footwear, purses, belts, and many other things. It will also increase the value of sales in the market. Although the offline segment is losing its market share to the online segment, innovative marketing strategies by companies will keep the growth rate of the offline segment stable during the forecast period. 

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By Product  Analysis 

The market is segmented by product into clothing, perfumes and cosmetics, watches and jewelry, and others. The clothing segment will account for the largest share of this segment.? 

Market Analyst Overview:

The Asia-Pacific region remains a pivotal player in the global industry, with the Asian luxury market exhibiting a robust growth trajectory. From boutique luxury brands to established giants like XL Enterprises and XL Fashions, the shift from physical to digital channels has been pronounced, especially with travel bans and lockdowns influencing consumer behavior and customer spending. While sales volume faced fluctuations, luxury handbag manufacturers adapted, focusing on lining fabric, colors, hardware, and patterns to entice young consumer confidence.

Despite uncertainties like import duties and gray markets, the National Bureau of Statistics reports resilience, especially with Chanel SA spearheading new product development. Online channels led by Alibaba Group Holding Ltd have gained prominence, with platforms like Tmall Luxury Pavilion and Soho becoming go-to destinations, even fostering an online outlet store culture, signaling a dynamic future for the region's luxury landscape.

Market Scope

Report Coverage

Details

Page number

120

Base year

2023

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.3%

Market Growth 2024-2028

USD 22.82 billion

Market structure

Fragmented

YoY growth (%)

3.04

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Bang and Olufsen Group, Burberry Group Plc, Capri Holdings Ltd., Cartier SA, Chanel Ltd., Compagnie Financiere Richemont SA, Dolce and Gabbana SRL, Gianni Versace Srl, Giorgio Armani S.p.A., Hermes International SA, JOHN HARDY USA Inc., Kering SA, LVMH Moet Hennessy Louis Vuitton SE, MCM Products USA Inc., Prada S.p.A, Ralph Lauren Corp., Rolex SA, S.T. Dupont SA, Swarovski AG, and The Swatch Group Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on APAC: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

    4 Historic Market Size

    • 4.1 Luxury goods market in APAC 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on luxury goods market in APAC 2018 - 2022 ($ billion)
    • 4.2 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 31: Chart on Comparison by Distribution Channel
      • Exhibit 32: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2023-2028
      • Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 6.4 Online - Market size and forecast 2023-2028
      • Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 41: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 44: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Clothing - Market size and forecast 2023-2028
      • Exhibit 47: Chart on Clothing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Data Table on Clothing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Chart on Clothing - Year-over-year growth 2023-2028 (%)
      • Exhibit 50: Data Table on Clothing - Year-over-year growth 2023-2028 (%)
    • 7.4 Perfumes and cosmetics - Market size and forecast 2023-2028
      • Exhibit 51: Chart on Perfumes and cosmetics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Data Table on Perfumes and cosmetics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Chart on Perfumes and cosmetics - Year-over-year growth 2023-2028 (%)
      • Exhibit 54: Data Table on Perfumes and cosmetics - Year-over-year growth 2023-2028 (%)
    • 7.5 Watches and jewelry - Market size and forecast 2023-2028
      • Exhibit 55: Chart on Watches and jewelry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 56: Data Table on Watches and jewelry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Chart on Watches and jewelry - Year-over-year growth 2023-2028 (%)
      • Exhibit 58: Data Table on Watches and jewelry - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 59: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 60: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Product
      • Exhibit 63: Market opportunity by Product ($ billion)
      • Exhibit 64: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 66: Chart on Market share by geography - 2023-2028 (%)
      • Exhibit 67: Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 68: Chart on Geographic comparison
      • Exhibit 69: Data Table on Geographic comparison
    • 9.3 China - Market size and forecast 2023-2028
      • Exhibit 70: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 71: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.4 Japan - Market size and forecast 2023-2028
      • Exhibit 74: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.5 South Korea - Market size and forecast 2023-2028
      • Exhibit 78: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 79: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 81: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.6 Australia - Market size and forecast 2023-2028
      • Exhibit 82: Chart on Australia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 83: Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Chart on Australia - Year-over-year growth 2023-2028 (%)
      • Exhibit 85: Data Table on Australia - Year-over-year growth 2023-2028 (%)
    • 9.7 Rest of APAC - Market size and forecast 2023-2028
      • Exhibit 86: Chart on Rest of APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 87: Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 89: Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ billion)
      • Exhibit 91: Data Table on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 92: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 94: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 95: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 96: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 97: Matrix on vendor position and classification
            • 12.3 Burberry Group Plc
              • Exhibit 98: Burberry Group Plc - Overview
              • Exhibit 99: Burberry Group Plc - Business segments
              • Exhibit 100: Burberry Group Plc - Key offerings
              • Exhibit 101: Burberry Group Plc - Segment focus
            • 12.4 Capri Holdings Ltd.
              • Exhibit 102: Capri Holdings Ltd. - Overview
              • Exhibit 103: Capri Holdings Ltd. - Business segments
              • Exhibit 104: Capri Holdings Ltd. - Key offerings
              • Exhibit 105: Capri Holdings Ltd. - Segment focus
            • 12.5 Cartier SA
              • Exhibit 106: Cartier SA - Overview
              • Exhibit 107: Cartier SA - Product / Service
              • Exhibit 108: Cartier SA - Key offerings
            • 12.6 Chanel Ltd.
              • Exhibit 109: Chanel Ltd. - Overview
              • Exhibit 110: Chanel Ltd. - Product / Service
              • Exhibit 111: Chanel Ltd. - Key offerings
            • 12.7 Compagnie Financiere Richemont SA
              • Exhibit 112: Compagnie Financiere Richemont SA - Overview
              • Exhibit 113: Compagnie Financiere Richemont SA - Business segments
              • Exhibit 114: Compagnie Financiere Richemont SA - Key offerings
              • Exhibit 115: Compagnie Financiere Richemont SA - Segment focus
            • 12.8 Dolce and Gabbana SRL
              • Exhibit 116: Dolce and Gabbana SRL - Overview
              • Exhibit 117: Dolce and Gabbana SRL - Product / Service
              • Exhibit 118: Dolce and Gabbana SRL - Key news
              • Exhibit 119: Dolce and Gabbana SRL - Key offerings
            • 12.9 Gianni Versace Srl
              • Exhibit 120: Gianni Versace Srl - Overview
              • Exhibit 121: Gianni Versace Srl - Product / Service
              • Exhibit 122: Gianni Versace Srl - Key offerings
            • 12.10 Giorgio Armani S.p.A.
              • Exhibit 123: Giorgio Armani S.p.A. - Overview
              • Exhibit 124: Giorgio Armani S.p.A. - Product / Service
              • Exhibit 125: Giorgio Armani S.p.A. - Key offerings
            • 12.11 Hermes International SA
              • Exhibit 126: Hermes International SA - Overview
              • Exhibit 127: Hermes International SA - Business segments
              • Exhibit 128: Hermes International SA - Key offerings
              • Exhibit 129: Hermes International SA - Segment focus
            • 12.12 Kering SA
              • Exhibit 130: Kering SA - Overview
              • Exhibit 131: Kering SA - Business segments
              • Exhibit 132: Kering SA - Key news
              • Exhibit 133: Kering SA - Key offerings
              • Exhibit 134: Kering SA - Segment focus
            • 12.13 LVMH Moet Hennessy Louis Vuitton SE
              • Exhibit 135: LVMH Moet Hennessy Louis Vuitton SE - Overview
              • Exhibit 136: LVMH Moet Hennessy Louis Vuitton SE - Business segments
              • Exhibit 137: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
              • Exhibit 138: LVMH Moet Hennessy Louis Vuitton SE - Segment focus
            • 12.14 MCM Products USA Inc.
              • Exhibit 139: MCM Products USA Inc. - Overview
              • Exhibit 140: MCM Products USA Inc. - Product / Service
              • Exhibit 141: MCM Products USA Inc. - Key offerings
            • 12.15 Prada S.p.A
              • Exhibit 142: Prada S.p.A - Overview
              • Exhibit 143: Prada S.p.A - Product / Service
              • Exhibit 144: Prada S.p.A - Key offerings
            • 12.16 Rolex SA
              • Exhibit 145: Rolex SA - Overview
              • Exhibit 146: Rolex SA - Product / Service
              • Exhibit 147: Rolex SA - Key offerings
            • 12.17 The Swatch Group Ltd.
              • Exhibit 148: The Swatch Group Ltd. - Overview
              • Exhibit 149: The Swatch Group Ltd. - Business segments
              • Exhibit 150: The Swatch Group Ltd. - Key news
              • Exhibit 151: The Swatch Group Ltd. - Key offerings
              • Exhibit 152: The Swatch Group Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 153: Inclusions checklist
                • Exhibit 154: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 155: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 156: Research methodology
                • Exhibit 157: Validation techniques employed for market sizing
                • Exhibit 158: Information sources
              • 13.5 List of abbreviations
                • Exhibit 159: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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