Luxury E-tailing Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Italy, France - Size and Forecast 2023-2027

Published: Dec 2022 Pages: 162 SKU: IRTNTR70588

Luxury E-tailing Market Report 2023-2027

The luxury e-tailing market is poised to grow by USD 27,533.22 million accelerating at a CAGR of 8.44% between 2023 and 2027. Additionally, the market is fragmented in nature and shows a YOY growth of  7.76%. The report covers diverse dimensions such as the market size of forecast and historic data, influential drivers, analysis of prominent vendors, and evolving trends, presenting a comprehensive outlook on the global market scenario.

The growth of the market depends on several factors, including the rise in online spending and smartphone penetration, social media and celebrity endorsement, and premiumization through product design and innovation. The comprehensive report of luxury e-tailing market offers crucial insights of the industry's changing dynamics, helping businesses to identify growth opportunities in the constantly evolving digital retail landscape.

The market is Segmented as 

1. Product- The product segment is classified into personal luxury, food and wine, and home accessories segments.

2. Channel- The channel segment is classified into multibrand and monobrand segments.

Luxury E-tailing Market Size, Request for Free Report Sample

The surge in online spending and smartphone usage significantly propels the growth of the luxury e-tailing market. The increased popularity of mobile-based online shopping, driven by widespread Internet access, economic growth, and user-friendly mobile applications, has heightened demand for e-retailing. Shopping websites offer detailed product information, enhancing consumer interest. The market benefits from secure online payments, free delivery, improved services, and user-friendly website designs. The emphasis on m-commerce grows with smartphone penetration, generating more buyer opportunities. Key players like eBay and Amazon contribute to market growth through versatile mobile applications. These factors are poised to drive sustained market expansion throughout the forecast period.

The adoption of multichannel marketing stands out as a crucial trend in the luxury e-tailing market, with social media playing a pivotal role in product awareness. Consumers actively utilize platforms like Facebook, Twitter, Instagram, and YouTube to gain insights into premium cosmetics products. Vendors leverage these social media channels to enhance awareness and product promotion. Notably, brands collaborate with social media influencers to boost their popularity, as seen in Huda Beauty's significant Share of Voice (SOV) attributed to influencers. The market's growth is further driven by the increasing Internet and smartphone penetration, along with vendors' engagement practices, contributing to elevated sales volume and revenue in recent years.

Luxury E-tailing Market Report Coverage

  • Luxury E-tailing Market Segmentation
  • Luxury E-tailing Market Regional Analysis
  • Luxury E-tailing Market Companies Contribution

Luxury E-tailing Market Segmentation

The market share growth by the personal luxury segment will be significant during the forecast period. This segment includes watches, jewelry, accessories, shoes, bags, fragrances, cosmetics, glasses, and headphones, among others. The preference for online shopping is increasing, with the growing Internet penetration rate and the increasing number of smartphone users worldwide. A wide range of premium personal goods are available online in various categories, price ranges, and brands.

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The personal luxury segment showed a gradual increase in the market share of USD 28,962.48 million in 2017 and continued to grow by 2021. Major manufacturers of personal goods such as cosmetics are expanding their professional skincare e-retail businesses to gain a competitive advantage over Internet-only retailers. They are building their own web portals and creating partnerships with other distributors to sell professional skincare products online. For instance, Beiersdorf AG has its online presence in China in partnership with NetEase Kaola. Such partnerships can help increase the online sales of luxury personal goods during the forecast period.

Luxury E-tailing Market Regional Analysis

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APAC is estimated to contribute 49% to the growth of the global market during the forecast period.APAC's luxury E-tailing market is set for robust year-over-year growth, led by China in 2021, followed by Japan and South Korea. The thriving real estate sector, especially in residential and commercial properties, drives the market, with China, Japan, and South Korea contributing significantly. Urbanization and a growing taste for luxury fuel China's demand, sustaining strong construction and sales of upscale properties. The market benefits from a rising high-net-worth individual (HNWI) population, expanding middle class, and growing consumer preference for luxury items.

Key growth areas include luxury watches and skincare products, driven by social media campaigns, celebrity endorsements, and the flourishing e-commerce industry. Notable players include eBay Inc., Amazon.com Inc., and Flipkart Pvt Ltd. However, challenges like counterfeit products and high import duties may pose obstacles to growth despite a steady expansion.

Luxury E-tailing Market Companies Contribution

ASOS Plc - The company offers luxury E-tailing of men's and women's clothing.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Authentic Brands Group LLC
  • Bed Bath and Beyond Inc.
  • Burberry Group Plc
  • Charms and Chains
  • Compagnie Financiere Richemont SA
  • Crate and Barrel
  • Harrods Ltd.
  • Hennes and Mauritz AB
  • Hermes International SA
  • Hudsons Bay Co.
  • Inter IKEA Systems B.V.
  • Kering SA
  • Luxuryperfume.com Inc
  • Moda Operandi Inc.
  • Nordstrom Inc.
  • Ralph Lauren Corp.
  • SDI (Brands 2) Ltd.
  • CHANEL Ltd.
  • LVMH Moet Hennessy Louis Vuitton SE

Luxury E-tailing Market Challenges 

Fierce competition from offline channels may hinder the luxury e-tailing market's growth. Consumers lean towards purchasing premium items, like personal care products, wine, spirits, home decor, furnishings, and furniture, in physical stores for a hands-on experience. Additionally, concerns about cybersecurity often discourage high-value online transactions. The offline segment of the global home decor market benefits from a growing number of product-specialty and brand-specific stores, which offer credibility and personalized assistance to consumers. Consequently, offline stores pose a significant challenge to the expansion of the global luxury e-tailing market.

The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. For details analysis BUY FULL REPORT.

What are the Key Data Covered in this Luxury E-tailing 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

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Luxury E-tailing 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 8.44%

Market growth 2023-2027

USD 27533.22 million

Market structure

Fragmented

YoY growth 2022-2023(%)

7.76

Regional analysis

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

Performing market contribution

APAC at 49%

Key countries

US, China, Japan, Italy, and France

Competitive landscape

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

Key companies profiled

ASOS Plc, Authentic Brands Group LLC, Bed Bath and Beyond Inc., Burberry Group Plc, Charms and Chains, Compagnie Financiere Richemont SA, Crate and Barrel, Harrods Ltd., Hennes and Mauritz AB, Hermes International SA, Hudsons Bay Co., Inter IKEA Systems B.V., Kering SA, Luxuryperfume.com Inc, Moda Operandi Inc., Nordstrom Inc., Ralph Lauren Corp., SDI (Brands 2) Ltd., CHANEL Ltd., and LVMH Moet Hennessy Louis Vuitton SE

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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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 Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Channel
    • 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 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • 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 luxury E-tailing market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global luxury E-tailing market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    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 Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Personal luxury - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Personal luxury - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Personal luxury - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Personal luxury - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Personal luxury - Year-over-year growth 2022-2027 (%)
    • 6.4 Food and wine - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Food and wine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Food and wine - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Food and wine - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Food and wine - Year-over-year growth 2022-2027 (%)
    • 6.5 Home accessories - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Home accessories - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Home accessories - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Home accessories - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Home accessories - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)

    7 Market Segmentation by Channel

    • 7.1 Market segments
      • Exhibit 47: Chart on Channel - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Channel
      • Exhibit 49: Chart on Comparison by Channel
      • Exhibit 50: Data Table on Comparison by Channel
    • 7.3 Multibrand - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Multibrand - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Multibrand - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Multibrand - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Multibrand - Year-over-year growth 2022-2027 (%)
    • 7.4 Monobrand - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Monobrand - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Monobrand - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Monobrand - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Monobrand - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Channel
      • Exhibit 59: Market opportunity by Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Italy - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 ASOS Plc
              • Exhibit 112: ASOS Plc - Overview
              • Exhibit 113: ASOS Plc - Business segments
              • Exhibit 114: ASOS Plc - Key news
              • Exhibit 115: ASOS Plc - Key offerings
              • Exhibit 116: ASOS Plc - Segment focus
            • 12.4 Authentic Brands Group LLC
              • Exhibit 117: Authentic Brands Group LLC - Overview
              • Exhibit 118: Authentic Brands Group LLC - Product / Service
              • Exhibit 119: Authentic Brands Group LLC - Key offerings
            • 12.5 Bed Bath and Beyond Inc.
              • Exhibit 120: Bed Bath and Beyond Inc. - Overview
              • Exhibit 121: Bed Bath and Beyond Inc. - Product / Service
              • Exhibit 122: Bed Bath and Beyond Inc. - Key news
              • Exhibit 123: Bed Bath and Beyond Inc. - Key offerings
            • 12.6 Burberry Group Plc
              • Exhibit 124: Burberry Group Plc - Overview
              • Exhibit 125: Burberry Group Plc - Business segments
              • Exhibit 126: Burberry Group Plc - Key offerings
              • Exhibit 127: Burberry Group Plc - Segment focus
            • 12.7 CHANEL Ltd.
              • Exhibit 128: CHANEL Ltd. - Overview
              • Exhibit 129: CHANEL Ltd. - Business segments
              • Exhibit 130: CHANEL Ltd. - Key offerings
              • Exhibit 131: CHANEL Ltd. - Segment focus
            • 12.8 Compagnie Financiere Richemont SA
              • Exhibit 132: Compagnie Financiere Richemont SA - Overview
              • Exhibit 133: Compagnie Financiere Richemont SA - Business segments
              • Exhibit 134: Compagnie Financiere Richemont SA - Key offerings
              • Exhibit 135: Compagnie Financiere Richemont SA - Segment focus
            • 12.9 Crate and Barrel
              • Exhibit 136: Crate and Barrel - Overview
              • Exhibit 137: Crate and Barrel - Product / Service
              • Exhibit 138: Crate and Barrel - Key offerings
            • 12.10 Harrods Ltd.
              • Exhibit 139: Harrods Ltd. - Overview
              • Exhibit 140: Harrods Ltd. - Product / Service
              • Exhibit 141: Harrods Ltd. - Key offerings
            • 12.11 Hennes and Mauritz AB
              • Exhibit 142: Hennes and Mauritz AB - Overview
              • Exhibit 143: Hennes and Mauritz AB - Product / Service
              • Exhibit 144: Hennes and Mauritz AB - Key offerings
            • 12.12 Hermes International SA
              • Exhibit 145: Hermes International SA - Overview
              • Exhibit 146: Hermes International SA - Business segments
              • Exhibit 147: Hermes International SA - Key offerings
              • Exhibit 148: Hermes International SA - Segment focus
            • 12.13 Hudsons Bay Co.
              • Exhibit 149: Hudsons Bay Co. - Overview
              • Exhibit 150: Hudsons Bay Co. - Product / Service
              • Exhibit 151: Hudsons Bay Co. - Key offerings
            • 12.14 Inter IKEA Systems B.V.
              • Exhibit 152: Inter IKEA Systems B.V. - Overview
              • Exhibit 153: Inter IKEA Systems B.V. - Product / Service
              • Exhibit 154: Inter IKEA Systems B.V. - Key offerings
            • 12.15 Luxuryperfume.com Inc
              • Exhibit 155: Luxuryperfume.com Inc - Overview
              • Exhibit 156: Luxuryperfume.com Inc - Product / Service
              • Exhibit 157: Luxuryperfume.com Inc - Key offerings
            • 12.16 Moda Operandi Inc.
              • Exhibit 158: Moda Operandi Inc. - Overview
              • Exhibit 159: Moda Operandi Inc. - Product / Service
              • Exhibit 160: Moda Operandi Inc. - Key offerings
            • 12.17 SDI (Brands 2) Ltd.
              • Exhibit 161: SDI (Brands 2) Ltd. - Overview
              • Exhibit 162: SDI (Brands 2) Ltd. - Product / Service
              • Exhibit 163: SDI (Brands 2) Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 164: Inclusions checklist
                • Exhibit 165: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 166: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 167: Research methodology
                • Exhibit 168: Validation techniques employed for market sizing
                • Exhibit 169: Information sources
              • 13.5 List of abbreviations
                • Exhibit 170: 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

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              • 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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