Europe English Language Teaching (ELT) Market by End-user and Learning Method - Forecast and Analysis 2024-2028

Published: Jan 2024 Pages: 148 SKU: IRTNTR45963

Europe English Language Teaching (ELT) Market Forecast 2024-2028

The Europe English Language Teaching (ELT) Market size is forecast to increase by USD 3.68 billion, at a CAGR of 8.51% between 2023 and 2028. 

Moreover, the market's expansion is shaped by various factors, including the proliferation of English Language Teaching (ELT) franchises across Europe. This surge in ELT franchises reflects a growing demand for language learning services and programs in the region. Additionally, multinational corporations (MNCs) are placing a stronger emphasis on ELTinitiatives, recognizing the importance of linguistic proficiency in today's globalized business environment. Furthermore, government initiatives aimed at promoting and supporting ELT have contributed significantly to the market's growth. These initiatives include funding for educational programs, partnerships with language training providers, and policies that prioritize language learning in educational curricula. Overall, the convergence of these factors has propelled the ELT market forward, fostering opportunities for language learning providers and contributing to the overall advancement of language education. This report also includes an in-depth market growth analysis, market trends and analysis, and market forecasting of forecast and historic.

Overview of the Market

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Key Players in the Market 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Babbel GmbH: The company offers ELT services for foreign languages, which include German, Russian, Spanish, and others.

The market report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:

  • Benesse Holdings Inc.
  • Busuu Ltd.
  • digital publishing AG
  • Duolingo Inc.
  • EF Education First Ltd.
  • Europass Teacher Academy SRL
  • Graham Holdings Co.
  • inlingua International Ltd.
  • IXL Learning Inc.
  • Language and Training Sro
  • Lingoda GmbH
  • Linguaphone Group
  • Linguarama International Ltd.
  • Memrise Ltd.
  • Pearson Plc
  • Ping An Insurance Group Co. of China Ltd.
  • Sanako Oy
  • Sprachcaffe Languages Plus

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

Market Segmentation and Regional

Market Segmentation by End-user and Learning Method

The market encompasses a wide range of programs and solutions tailored to diverse language needs. These programs cover languages such as Italian, French, Spanish, and Mandarin, providing comprehensive language support and enhancing English speaking skills. The market embraces technology-enhanced language learning through digital platforms and digital learning platforms, offering game-based learning options for kids & teens and preschool-level learners. ELT providers leverage technology advances to cater to individual learning styles and implement experiential teaching theory in their teaching methods. The rise of ELT franchises further expands the reach of English language education across Europe.

The institutional learners segment is estimated to witness significant growth during the forecast period. The institutional learners segment includes students and candidates willing to learn the English language by enrolling themselves in full-time training courses offered by universities, schools, and linguistic-specific institutes, including the British Council and others. In addition, institutional learners experience language learning using different modes of studying, including e-learning, face-to-face classroom sessions, and other traditional training practices.

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The institutional learners segment was the largest segment and was valued at USD 3.55 billion in 2018. Moreover, institutional learners can also learn a foreign language at a faster pace compared with others due to the lively atmosphere created by faculties and a group of trained teachers for students, enabling them to relate to the taught linguistic concepts in a better and practical manner. In addition, institutional studying enables people to keep a continuous track of their performance by undergoing regular as well as timely assessments. Furthermore, as studying takes place in collaboration with teachers and trained experts, the resources used for training in institutions are highly credible and worth trusting. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.

Market Dynamics and Landscape

The market is driven by the increasing demand for English as a Second Language (ELT) programs and the popularity of teaching other languages like Italian, French, Spanish, and Mandarin. Educational assessments and studies contribute to understanding student needs, while technology-enhanced language learning through digital platforms enhances English learning experiences. ELT providers offer solutions that align with technology advances, catering to individual learning styles and providing language support. However, challenges include adapting teaching methods, integrating business English language skills, and addressing the rise in ELT franchises, especially in the digital learning segment. Our researchers analyzed the data with 2023 as the base year, along with the market trends and analysis, drivers, and challenges. A holistic market growth analysis and report of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rise in ELT franchises in Europe is notably driving the market. There has been a significant increase in the number of ELT franchises across the world, due to the increasing demand for studying language among learners. In addition, within the academic segment, the increasing number of student enrollments for universities outside Europe is often directly related to the rising number of students enrolling to learn English languages in these franchises.

Moreover, students willing to pursue higher education in countries such as the US, Canada, the UK, and Australia are expected to undergo and pass tests, including the Graduate Record Examination (GRE), Test of English as a Foreign Language (TOEFL), and International English Language Testing System (IELTS). In addition, students enroll in private ELT franchises or institutions to excel in these exams. Furthermore, this has resulted in the mushrooming of ELT franchises offering unique and innovative English-studying solutions for learners in Europe. Hence, such factors are driving the market during the forecast period.

Significant Market Trends

Increased use of game-based learning is an emerging trend in the market. The main purpose of introducing game-based teaching for conducting ELT is to create interactive and simulating sessions, offering them a real picture of using the language in real-time scenarios. In addition, the rewards and points received on winning the games while coaching offer a competitive environment for the learners, allowing them to achieve the desired results and defined outcomes.

Moreover, game-based lectures impart focused knowledge on specific subject matters using interactive solutions, allowing the players to learn by playing the games multiple times until they master them. In addition, this ensures reinforcement of the concepts, consequently resulting in a much better understanding. Furthermore, these lectures also offer unique ways of studying pronunciation, spelling, syntax, and grammar of various languages, including English. Hence, such factors are driving the market during the forecast period.

Major Market Challenges 

Considerable setup and implementation costs for educational institutes is a major challenge hindering the market. With the rising adoption of digital solutions and online delivery of language training, the demand for robust information technology (IT) has also grown considerably. Therefore, it led educational institutes and corporations to spend a significant amount on setup and implementation.

Moreover, ELT courses are designed to provide a collaborative coaching environment with the help of advanced technologies, often offered at comparatively higher prices. In addition, on the other hand, institutions and language training providers with sufficient budgets can invest in setting up infrastructure to implement m-learning and e-learning, including spending on interactive whiteboards, mobile devices, lab equipment, and others. Hence, such factors are hindering the market during the forecast period.

Market  Customer Landscape

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

Customer Landscape

Segment Overview

The market analysis and report forecasts market expansion by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

  • End-user Outlook
    • Institutional learners
    • Individual learners
  • Learning Method Outlook
    • Online learning
    • Blended learning
    • Classroom learning 

Market Analyst Overview

The market is experiencing a significant transformation due to the rapid adoption of technology-enhanced language learning. Digital platforms and online English learning experiences are becoming increasingly popular among learners, leading to a surge in ELT providers offering innovative solutions. Technology advances, particularly in Artificial Intelligence (AI), are revolutionizing ELT by providing personalized learning experiences through AI-powered platforms. These platforms offer customized content, interactive learning tools like chatbots and voice recognition software, and practical language use scenarios. 

Moreover, the ELT Market in Europe caters to diverse needs, offering course options tailored to individual learning styles and providing comprehensive language support for improving English speaking skills and English proficiency. English serves as a lingua franca facilitating cross-cultural communication. ELT programs cover a range of languages, such as Italian, French, Spanish, and Mandarin, and are accessible through online platforms and digital learning platforms. These programs are designed for English language learners in various settings, including academic institutions, businesses offering Business English classes, and those seeking English for Specific Purposes.

Furthermore, educational institutions, including those catering to K-12 students and higher education, are leveraging digital education infrastructure to enhance English language proficiency. The Ministry of Education in many European countries is actively supporting online English language courses and e-learning services to improve communication skills and prepare students for academic and career prospects. ELT programs focus on various aspects such as English for Academic Purposes, English as a Second Language, and Business English language skills, catering to international student mobility, migrants, travelers, and job seekers. The Europe ELT Market encompasses a wide range of teaching methods, including experiential learning theory and digital learning segments, offering courses for kids, teens, and business professionals. Cloud-based services, internet technologies, and collaboration with publishers are driving innovation in the delivery of English language learning programs at preschool levels and beyond, making ELT accessible and effective for learners of diverse backgrounds and needs.

Market Scope

Report Coverage

Details

Page number

148

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.51%

Market Growth 2024-2028

USD 3.68 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

7.52

Competitive landscape

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

Key companies profiled

Babbel GmbH, Benesse Holdings Inc., Busuu Ltd., digital publishing AG, Duolingo Inc., EF Education First Ltd., Europass Teacher Academy SRL, Graham Holdings Co., inlingua International Ltd., IXL Learning Inc., Language and Training Sro, Lingoda GmbH, Linguaphone Group, Linguarama International Ltd., Memrise Ltd., Pearson Plc, Ping An Insurance Group Co. of China Ltd., Sanako Oy, and Sprachcaffe Languages Plus

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, condition analysis for the market projection 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
  • Detailed information on market report factors that will drive the growth of the market between 2023 and 2028
  • Precise estimation of the market  size and its contribution to the market on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • The market growth and forecasting across Europe
  • Thorough analysis of the market’s competitive landscape and market growth and trends
  • Comprehensive analysis of factors that will challenge the growth of market companies

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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 Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Learning Method
    • 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 Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Europe: 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 ELT market in Europe 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on elt market in Europe 2018 - 2022 ($ billion)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.3 Learning Method Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Learning Method 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 End-user

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

    7 Market Segmentation by Learning Method

    • 7.1 Market segments
      • Exhibit 43: Chart on Learning Method - Market share 2023-2028 (%)
      • Exhibit 44: Data Table on Learning Method - Market share 2023-2028 (%)
    • 7.2 Comparison by Learning Method
      • Exhibit 45: Chart on Comparison by Learning Method
      • Exhibit 46: Data Table on Comparison by Learning Method
    • 7.3 Online learning - Market size and forecast 2023-2028
      • Exhibit 47: Chart on Online learning - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Data Table on Online learning - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Chart on Online learning - Year-over-year growth 2023-2028 (%)
      • Exhibit 50: Data Table on Online learning - Year-over-year growth 2023-2028 (%)
    • 7.4 Blended learning - Market size and forecast 2023-2028
      • Exhibit 51: Chart on Blended learning - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Data Table on Blended learning - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Chart on Blended learning - Year-over-year growth 2023-2028 (%)
      • Exhibit 54: Data Table on Blended learning - Year-over-year growth 2023-2028 (%)
    • 7.5 Classroom learning - Market size and forecast 2023-2028
      • Exhibit 55: Chart on Classroom learning - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 56: Data Table on Classroom learning - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Chart on Classroom learning - Year-over-year growth 2023-2028 (%)
      • Exhibit 58: Data Table on Classroom learning - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Learning Method
      • Exhibit 59: Market opportunity by Learning Method ($ billion)
      • Exhibit 60: Data Table on Market opportunity by Learning Method ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 62: Chart on Market share by geography - 2023-2028 (%)
      • Exhibit 63: Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 64: Chart on Geographic comparison
      • Exhibit 65: Data Table on Geographic comparison
    • 9.3 Germany - Market size and forecast 2023-2028
      • Exhibit 66: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.4 France - Market size and forecast 2023-2028
      • Exhibit 70: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 71: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 73: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.5 Spain - Market size and forecast 2023-2028
      • Exhibit 74: Chart on Spain - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 75: Data Table on Spain - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Chart on Spain - Year-over-year growth 2023-2028 (%)
      • Exhibit 77: Data Table on Spain - Year-over-year growth 2023-2028 (%)
    • 9.6 Italy - Market size and forecast 2023-2028
      • Exhibit 78: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 79: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Chart on Italy - Year-over-year growth 2023-2028 (%)
      • Exhibit 81: Data Table on Italy - Year-over-year growth 2023-2028 (%)
    • 9.7 Rest of Europe - Market size and forecast 2023-2028
      • Exhibit 82: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 83: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 85: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)
      • Exhibit 87: 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 88: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 89: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 90: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 91: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 92: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 93: Matrix on vendor position and classification
            • 12.3 Babbel GmbH
              • Exhibit 94: Babbel GmbH - Overview
              • Exhibit 95: Babbel GmbH - Key offerings
            • 12.4 Benesse Holdings Inc.
              • Exhibit 96: Benesse Holdings Inc. - Overview
              • Exhibit 97: Benesse Holdings Inc. - Business segments
              • Exhibit 98: Benesse Holdings Inc. - Key offerings
              • Exhibit 99: Benesse Holdings Inc. - Segment focus
            • 12.5 Busuu Ltd.
              • Exhibit 100: Busuu Ltd. - Overview
              • Exhibit 101: Busuu Ltd. - Product / Service
              • Exhibit 102: Busuu Ltd. - Key offerings
            • 12.6 Duolingo Inc.
              • Exhibit 103: Duolingo Inc. - Overview
              • Exhibit 104: Duolingo Inc. - Product / Service
              • Exhibit 105: Duolingo Inc. - Key offerings
            • 12.7 EF Education First Ltd.
              • Exhibit 106: EF Education First Ltd. - Overview
              • Exhibit 107: EF Education First Ltd. - Product / Service
              • Exhibit 108: EF Education First Ltd. - Key offerings
            • 12.8 Europass Teacher Academy SRL
              • Exhibit 109: Europass Teacher Academy SRL - Overview
              • Exhibit 110: Europass Teacher Academy SRL - Product / Service
              • Exhibit 111: Europass Teacher Academy SRL - Key offerings
            • 12.9 Graham Holdings Co.
              • Exhibit 112: Graham Holdings Co. - Overview
              • Exhibit 113: Graham Holdings Co. - Business segments
              • Exhibit 114: Graham Holdings Co. - Key offerings
              • Exhibit 115: Graham Holdings Co. - Segment focus
            • 12.10 inlingua International Ltd.
              • Exhibit 116: inlingua International Ltd. - Overview
              • Exhibit 117: inlingua International Ltd. - Product / Service
              • Exhibit 118: inlingua International Ltd. - Key offerings
            • 12.11 IXL Learning Inc.
              • Exhibit 119: IXL Learning Inc. - Overview
              • Exhibit 120: IXL Learning Inc. - Product / Service
              • Exhibit 121: IXL Learning Inc. - Key offerings
            • 12.12 Language and Training Sro
              • Exhibit 122: Language and Training Sro - Overview
              • Exhibit 123: Language and Training Sro - Product / Service
              • Exhibit 124: Language and Training Sro - Key offerings
            • 12.13 Linguaphone Group
              • Exhibit 125: Linguaphone Group - Overview
              • Exhibit 126: Linguaphone Group - Product / Service
              • Exhibit 127: Linguaphone Group - Key offerings
            • 12.14 Linguarama International Ltd.
              • Exhibit 128: Linguarama International Ltd. - Overview
              • Exhibit 129: Linguarama International Ltd. - Key offerings
            • 12.15 Pearson Plc
              • Exhibit 130: Pearson Plc - Overview
              • Exhibit 131: Pearson Plc - Business segments
              • Exhibit 132: Pearson Plc - Key offerings
              • Exhibit 133: Pearson Plc - Segment focus
            • 12.16 Ping An Insurance Group Co. of China Ltd.
              • Exhibit 134: Ping An Insurance Group Co. of China Ltd. - Overview
              • Exhibit 135: Ping An Insurance Group Co. of China Ltd. - Business segments
              • Exhibit 136: Ping An Insurance Group Co. of China Ltd. - Key offerings
              • Exhibit 137: Ping An Insurance Group Co. of China Ltd. - Segment focus
            • 12.17 Sanako Oy
              • Exhibit 138: Sanako Oy - Overview
              • Exhibit 139: Sanako Oy - Product / Service
              • Exhibit 140: Sanako Oy - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 141: Inclusions checklist
                • Exhibit 142: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 143: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 144: Research methodology
                • Exhibit 145: Validation techniques employed for market sizing
                • Exhibit 146: Information sources
              • 13.5 List of abbreviations
                • Exhibit 147: 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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