Global Catering Services Market by Service, Application and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 162 SKU: IRTNTR41445

Catering Services Market Report 2023-2027 

The catering services market size is estimated to grow by USD 103.28 billion accelerating at a CAGR of 5.46% between 2022 and 2027. 

Our report offers an in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by Service (contract catering services and concession catering services), Application (corporate catering, wedding catering, social event catering, and others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). Additionally, Technavio provides valuable insights through value chain analysis, parent market analysis, Porter’s Five analysis, vendor analysis, and COVID-19 impact data. The report also includes a thorough analysis of historical market data from 2017 to 2022.

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Catering Services Market Analysis and Insights

The increasing popularity of online catering is a key factor driving the catering services market growth. The urban population's expansion fosters new habits, elevating the preference for international foods. Factors like evolving lifestyles, changing food preferences, rapid urbanization, and increased nuclear families are propelling the global fast-food industry. Global consumers, influenced by international cultures, are exploring diverse cuisines, creating growth opportunities for the fast-food sector. Mobile food service providers are gaining popularity, especially in developed and developing nations, catering to the on-the-go preferences of the working population.

The rise in purchasing power in APAC and South America contributes to the growth of the mobile food services market. The increasing demand for convenience foods prompts vendors to expand their mobile food service offerings in the Quick Service Restaurant (QSR) segment, driving the global mobile food services market's growth.

The marketing initiatives are one of the major catering services market trends shaping the growth of the market. In the global catering services market, vendors are strategically utilizing integrated marketing communication through various channels, including newspapers, magazines, and social media platforms such as YouTube and Facebook. These platforms play a pivotal role in the marketing strategies of catering service providers. Noteworthy social media platforms and their advantages include:

  • Twitter: Enables vendors to share upcoming locations and events, providing real-time interaction with customers.

  • Facebook/Instagram: With a diverse audience, these platforms leverage specific hashtags to enhance social media marketing reach.

  • Foursquare: A premier location-based social media platform beneficial for food truck owners aiming to increase footfall.

  • YouTube: Acts as an effective tool for vendors to create informative and entertaining videos about their food trucks and menu items, attracting and retaining customers.

  • LinkedIn: Facilitates business-to-business conversations, expertise demonstration, and collaboration with partners and suppliers for mobile food service providers.

These strategies contribute to an anticipated rise in demand for catering services during the forecast period.

Fluctuations in food commodity prices are a key challenge hindering the catering services market growth. The global catering services market is heavily influenced by fluctuating prices of essential food commodities, including sugar, grains, meat, salt, vegetables, and dairy products. Adverse weather conditions and natural disasters often lead to shortages in raw material supplies, impacting market growth.

Natural calamities, such as floods and droughts, contribute to disruptions in agricultural production, affecting global crop yields. Erratic weather conditions, exemplified by phenomena like El Nino, further reduce crop and vegetable output worldwide. Balancing food prices and quality is crucial for catering companies, navigating challenges in a market driven by price competition and product differentiation. Coping with fluctuating food commodity prices is a significant hurdle in the highly competitive landscape during the forecast period.

Catering Services Market Segmentation

The contract catering services segment experienced steady growth in the catering management market, reaching a market share of USD 247.38 billion in 2017 and continuing to expand until 2021. These caterers are engaged by educational institutions, industries, hospitals, and event organizers to provide food services, ensuring increased accountability, customer convenience, and adherence to food hygiene regulations. Contract catering has gained popularity due to its convenience, accountability, and compliance with safety standards.

Catering Services Market

By Service

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The market is projected to grow consistently, driven by global prevalence, demand for high-quality on-site-prepared meals, and consumer preferences for fresh and healthy food. Vendors are actively innovating menus to meet evolving consumer tastes, contributing to an anticipated surge in demand during the forecast period.

APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Catering Services Market

By APAC

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In 2022, the catering services market in APAC held a significant share. Businesses contract catering services for office dining, contributing to increased revenues in the region. The preference for on-the-go foods due to busy lifestyles is boosting the concession catering services market. Rapid urbanization in India and China, along with a growing working population, is modernizing food consumption patterns, driven by higher income levels and a positive perception of Western foods. Mobile food service providers offering affordable options are preferred over traditional full-service restaurants (FSRs). The rising demand for fast food is prompting international vendors to expand in China and South Korea, foreseeing continued growth in the APAC catering services market.

Catering Services Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Segment Overview

The catering services market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Service Outlook (USD Billion, 2017 - 2027)
    • Contract catering services
    • Concession catering services
  • Application Outlook (USD Billion, 2017 - 2027)
    • Corporate catering
    • Wedding catering
    • Social event catering
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Catering Services Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

 2018 - 2022

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.46%

Market growth 2023-2027

USD 103.28 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.41

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 47%

Key countries

US, China, Japan, France, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Aramark, bartlett mitchell Ltd., Caterlink Ltd., CH and Co Catering Group Ltd, Delaware North Companies Inc., Deutsche Lufthansa AG, Dine Contract Catering Ltd., DO and CO Aktiengesellschaft, DoorDash Inc., Elior Group SA, Entier Ltd., Fairfax Meadow Europe Ltd., Fooditude Ltd., gategroup Holding AG, ISS AS, Newrest Group International SAS, Pret A Manger, rhubarb Food Design Ltd., SAVORY Inc, and The Emirates Group

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 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 Catering Services Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size 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 behaviour
  • Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis 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. 

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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 Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • 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 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global catering services market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global catering services market 2017 - 2021 ($ billion)
    • 4.2 Service Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Service Segment 2017 - 2021 ($ billion)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Service

    • 6.1 Market segments
      • Exhibit 30: Chart on Service - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Service - Market share 2022-2027 (%)
    • 6.2 Comparison by Service
      • Exhibit 32: Chart on Comparison by Service
      • Exhibit 33: Data Table on Comparison by Service
    • 6.3 Contract catering services - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Contract catering services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Contract catering services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Contract catering services - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Contract catering services - Year-over-year growth 2022-2027 (%)
    • 6.4 Concession catering services - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Concession catering services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Concession catering services - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Concession catering services - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Concession catering services - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Service
      • Exhibit 42: Market opportunity by Service ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 Corporate catering - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Corporate catering - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Corporate catering - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Corporate catering - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Corporate catering - Year-over-year growth 2022-2027 (%)
    • 7.4 Wedding catering - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Wedding catering - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Wedding catering - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Wedding catering - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Wedding catering - Year-over-year growth 2022-2027 (%)
    • 7.5 Social event catering - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Social event catering - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Social event catering - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Social event catering - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Social event catering - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 63: Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: 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 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Aramark
              • Exhibit 116: Aramark - Overview
              • Exhibit 117: Aramark - Business segments
              • Exhibit 118: Aramark - Key offerings
              • Exhibit 119: Aramark - Segment focus
            • 12.4 bartlett mitchell Ltd.
              • Exhibit 120: bartlett mitchell Ltd. - Overview
              • Exhibit 121: bartlett mitchell Ltd. - Product / Service
              • Exhibit 122: bartlett mitchell Ltd. - Key offerings
            • 12.5 CH and Co Catering Group Ltd
              • Exhibit 123: CH and Co Catering Group Ltd - Overview
              • Exhibit 124: CH and Co Catering Group Ltd - Product / Service
              • Exhibit 125: CH and Co Catering Group Ltd - Key news
              • Exhibit 126: CH and Co Catering Group Ltd - Key offerings
            • 12.6 Delaware North Companies Inc.
              • Exhibit 127: Delaware North Companies Inc. - Overview
              • Exhibit 128: Delaware North Companies Inc. - Product / Service
              • Exhibit 129: Delaware North Companies Inc. - Key offerings
            • 12.7 Deutsche Lufthansa AG
              • Exhibit 130: Deutsche Lufthansa AG - Overview
              • Exhibit 131: Deutsche Lufthansa AG - Business segments
              • Exhibit 132: Deutsche Lufthansa AG - Key news
              • Exhibit 133: Deutsche Lufthansa AG - Key offerings
              • Exhibit 134: Deutsche Lufthansa AG - Segment focus
            • 12.8 Dine Contract Catering Ltd.
              • Exhibit 135: Dine Contract Catering Ltd. - Overview
              • Exhibit 136: Dine Contract Catering Ltd. - Product / Service
              • Exhibit 137: Dine Contract Catering Ltd. - Key offerings
            • 12.9 DO and CO Aktiengesellschaft
              • Exhibit 138: DO and CO Aktiengesellschaft - Overview
              • Exhibit 139: DO and CO Aktiengesellschaft - Business segments
              • Exhibit 140: DO and CO Aktiengesellschaft - Key offerings
              • Exhibit 141: DO and CO Aktiengesellschaft - Segment focus
            • 12.10 DoorDash Inc.
              • Exhibit 142: DoorDash Inc. - Overview
              • Exhibit 143: DoorDash Inc. - Product / Service
              • Exhibit 144: DoorDash Inc. - Key offerings
            • 12.11 Elior Group SA
              • Exhibit 145: Elior Group SA - Overview
              • Exhibit 146: Elior Group SA - Product / Service
              • Exhibit 147: Elior Group SA - Key offerings
            • 12.12 Entier Ltd.
              • Exhibit 148: Entier Ltd. - Overview
              • Exhibit 149: Entier Ltd. - Product / Service
              • Exhibit 150: Entier Ltd. - Key offerings
            • 12.13 Fairfax Meadow Europe Ltd.
              • Exhibit 151: Fairfax Meadow Europe Ltd. - Overview
              • Exhibit 152: Fairfax Meadow Europe Ltd. - Product / Service
              • Exhibit 153: Fairfax Meadow Europe Ltd. - Key offerings
            • 12.14 Fooditude Ltd.
              • Exhibit 154: Fooditude Ltd. - Overview
              • Exhibit 155: Fooditude Ltd. - Product / Service
              • Exhibit 156: Fooditude Ltd. - Key offerings
            • 12.15 gategroup Holding AG
              • Exhibit 157: gategroup Holding AG - Overview
              • Exhibit 158: gategroup Holding AG - Business segments
              • Exhibit 159: gategroup Holding AG - Key offerings
              • Exhibit 160: gategroup Holding AG - Segment focus
            • 12.16 ISS AS
              • Exhibit 161: ISS AS - Overview
              • Exhibit 162: ISS AS - Business segments
              • Exhibit 163: ISS AS - Key news
              • Exhibit 164: ISS AS - Key offerings
              • Exhibit 165: ISS AS - Segment focus
            • 12.17 The Emirates Group
              • Exhibit 166: The Emirates Group - Overview
              • Exhibit 167: The Emirates Group - Business segments
              • Exhibit 168: The Emirates Group - Key offerings
              • Exhibit 169: The Emirates Group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: 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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