Predictive Maintenance (PdM) Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, UK, Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 167 SKU: IRTNTR75271

Predictive Maintenance (PdM) Market Forecast 2023 - 2027

The predictive maintenance market size is forecast to reach by USD 16.57 billion at a CAGR of 29.44% from 2022 and 2027. In 2017, the US held the largest market share, projecting an annual revenue of USD 0.85 billion. The report offers extensive research analysis on the Predictive Maintenance (PdM) Market, with a categorization based on Component, including Solutions and Service.

Predictive Maintenance Market Forecast

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Market Driver 

The global market is experiencing growth due to SMEs increasingly embracing advanced analytics, driven by the proliferation of cloud computing. Cloud-based PDM tools offer SMEs opportunities to leverage technologies like mobility, AI, and IoT. These tools enable real-time access to information and cross-company communication, leading to heightened demand.

SMEs across diverse sectors such as manufacturing, retail, finance, and IT are turning to PDM tools for centralized planning, resource management, cost reduction, improved decision-making, and sales growth. Cloud adoption facilitates streamlined business operations, enhanced collaboration, increased productivity, simplified compliance, and risk management. These factors fuel the adoption of PDM tools among SMEs. Consequently, the surge in advanced analytics adoption among SMEs, driven by the growth of cloud computing, will have a positive impact on the global market in the forecast period.

Market Segment

Solutions Segment Holds the Largest Market Share 

The solutions segment was valued at USD 2.11 billion in 2017 and continue to grow by 2021. PdM solutions ensure that assets are in optimal operational condition and available at all times. Integrating PdM into machines increases equipment life expectancy and reduces maintenance costs for businesses. The increasing adoption of his PdM solutions in various growing sectors such as energy and utilities, manufacturing, and healthcare are boosting the market globally. High-growth industries such as aerospace, defense, and automotive are also increasingly integrating PdM platforms into their systems, which supports the growth of this segment in the market size. 

Predictive Maintenance Market  - Revenue Share by Component Segment, 2017 - 2027.   

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North America Holds a Prominent Position in the Market

North America is estimated to contribute 39% to the global market size during the forecast period. North America is set to lead the global market due to increased digitization and advanced AI adoption across industries. The mature industrial sector, high data generation, and a penchant for using advanced technology are key drivers for North America's dominance.

In the US and Canada, the demand for PdM solutions is growing, driven by big data and a focus on customer engagement. The US, in particular, is a major market, thanks to its extensive data, technological maturity, and early adoption of innovations. The presence of key PdM companies, coupled with the use of cloud computing, AI, and ML technologies, has solidified the US as a primary market. Canada is also a significant player, benefiting from extensive business data, early tech adoption, and strong vendor presence. Such factors are major market drivers propelling the market growth.

Predictive Maintenance Market Size, By Region, Global, 2017 - 2027.   

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Key Market Companies Overview

The market is fragmented in nature. Some significant players include Augury Inc., Avnet Inc., C3.ai Inc., Dell Technologies Inc., Deutsche Telekom AG

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

Fortive Corp., General Electric Co., Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., PTC Inc., RapidMiner Inc., Reliability Solutions sp. z o.o., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, SAS Institute Inc., Schneider Electric SE, Siemens AG, and Warwick Analytics Services Ltd.

Market Analyst Overview

In today's industrial landscape, the market is experiencing rapid growth, revolutionizing how companies manage their assets. Leveraging advanced technologies such as machine learning algorithms and sensor technology, predictive maintenance enables proactive equipment monitoring and asset health management.

By utilizing predictive analytics and fault detection, organizations can move from reactive to condition-based maintenance, minimizing unplanned downtime and maximizing operational efficiency. With maintenance scheduling based on real-time insights from the industrial IoT, businesses can optimize resources and prolong equipment lifecycle.

Predictive maintenance solutions offer maintenance forecasting and maintenance cost optimization, reducing expenses while enhancing equipment reliability. Through remote monitoring and real-time diagnostics, issues can be identified and addressed before they escalate, leading to significant equipment downtime reduction.

Predictive maintenance software facilitates maintenance optimization through predictive modeling and anomaly detection, ensuring peak equipment efficiency. By integrating sensor data analysis into maintenance strategies, organizations can achieve asset performance optimization and enhance reliability engineering.

In essence, predictive maintenance systems empower businesses to implement proactive maintenance strategies that prioritize equipment performance and asset health, ultimately driving productivity and profitability in the industrial sector.

Segment Overview

The (pdm) 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 - 2027.   

  • Component Outlook (USD Billion, 2017 - 2027)
    • Solutions
    • Service
  • Deployment Outlook (USD Billion, 2017 - 2027)
    • On-premise
    • Cloud
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Page number

167

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 29.44%

Market growth 2023-2027

USD 16.57 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

28.0

Regional analysis

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

Performing market contribution

North America at 39%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

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

Key companies profiled

Augury Inc., Avnet Inc., C3.ai Inc., Dell Technologies Inc., Deutsche Telekom AG, Fortive Corp., General Electric Co., Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., PTC Inc., RapidMiner Inc., Reliability Solutions sp. z o.o., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, SAS Institute Inc., Schneider Electric SE, Siemens AG, and Warwick Analytics Services Ltd.

Market dynamics

Parent market analysis, Market forecasting, 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 market growth and trends 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 during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and 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 Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
    • 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 predictive maintenance (PdM) market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global predictive maintenance (pdm) market 2017 - 2021 ($ billion)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ billion)
    • 4.3 Deployment Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Deployment 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 Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Solutions - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%)
    • 6.4 Service - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Service - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Service - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Service - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Service - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Component
      • Exhibit 42: Market opportunity by Component ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Component ($ billion)

    7 Market Segmentation by Deployment

    • 7.1 Market segments
      • Exhibit 44: Chart on Deployment - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Deployment - Market share 2022-2027 (%)
    • 7.2 Comparison by Deployment
      • Exhibit 46: Chart on Comparison by Deployment
      • Exhibit 47: Data Table on Comparison by Deployment
    • 7.3 On-premise - Market size and forecast 2022-2027
      • Exhibit 48: Chart on On-premise - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on On-premise - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on On-premise - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on On-premise - Year-over-year growth 2022-2027 (%)
    • 7.4 Cloud - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Cloud - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Cloud - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Cloud - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Cloud - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Deployment
      • Exhibit 56: Market opportunity by Deployment ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Deployment ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables 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 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Augury Inc.
              • Exhibit 111: Augury Inc. - Overview
              • Exhibit 112: Augury Inc. - Product / Service
              • Exhibit 113: Augury Inc. - Key offerings
            • 12.4 C3.ai Inc.
              • Exhibit 114: C3.ai Inc. - Overview
              • Exhibit 115: C3.ai Inc. - Business segments
              • Exhibit 116: C3.ai Inc. - Key offerings
              • Exhibit 117: C3.ai Inc. - Segment focus
            • 12.5 Dell Technologies Inc.
              • Exhibit 118: Dell Technologies Inc. - Overview
              • Exhibit 119: Dell Technologies Inc. - Business segments
              • Exhibit 120: Dell Technologies Inc. - Key offerings
              • Exhibit 121: Dell Technologies Inc. - Segment focus
            • 12.6 Fortive Corp.
              • Exhibit 122: Fortive Corp. - Overview
              • Exhibit 123: Fortive Corp. - Business segments
              • Exhibit 124: Fortive Corp. - Key news
              • Exhibit 125: Fortive Corp. - Key offerings
              • Exhibit 126: Fortive Corp. - Segment focus
            • 12.7 General Electric Co.
              • Exhibit 127: General Electric Co. - Overview
              • Exhibit 128: General Electric Co. - Business segments
              • Exhibit 129: General Electric Co. - Key news
              • Exhibit 130: General Electric Co. - Key offerings
              • Exhibit 131: General Electric Co. - Segment focus
            • 12.8 Hitachi Ltd.
              • Exhibit 132: Hitachi Ltd. - Overview
              • Exhibit 133: Hitachi Ltd. - Business segments
              • Exhibit 134: Hitachi Ltd. - Key news
              • Exhibit 135: Hitachi Ltd. - Key offerings
              • Exhibit 136: Hitachi Ltd. - Segment focus
            • 12.9 Honeywell International Inc.
              • Exhibit 137: Honeywell International Inc. - Overview
              • Exhibit 138: Honeywell International Inc. - Business segments
              • Exhibit 139: Honeywell International Inc. - Key news
              • Exhibit 140: Honeywell International Inc. - Key offerings
              • Exhibit 141: Honeywell International Inc. - Segment focus
            • 12.10 International Business Machines Corp.
              • Exhibit 142: International Business Machines Corp. - Overview
              • Exhibit 143: International Business Machines Corp. - Business segments
              • Exhibit 144: International Business Machines Corp. - Key news
              • Exhibit 145: International Business Machines Corp. - Key offerings
              • Exhibit 146: International Business Machines Corp. - Segment focus
            • 12.11 PTC Inc.
              • Exhibit 147: PTC Inc. - Overview
              • Exhibit 148: PTC Inc. - Business segments
              • Exhibit 149: PTC Inc. - Key offerings
              • Exhibit 150: PTC Inc. - Segment focus
            • 12.12 RapidMiner Inc.
              • Exhibit 151: RapidMiner Inc. - Overview
              • Exhibit 152: RapidMiner Inc. - Product / Service
              • Exhibit 153: RapidMiner Inc. - Key offerings
            • 12.13 Robert Bosch GmbH
              • Exhibit 154: Robert Bosch GmbH - Overview
              • Exhibit 155: Robert Bosch GmbH - Business segments
              • Exhibit 156: Robert Bosch GmbH - Key news
              • Exhibit 157: Robert Bosch GmbH - Key offerings
              • Exhibit 158: Robert Bosch GmbH - Segment focus
            • 12.14 Rockwell Automation Inc.
              • Exhibit 159: Rockwell Automation Inc. - Overview
              • Exhibit 160: Rockwell Automation Inc. - Business segments
              • Exhibit 161: Rockwell Automation Inc. - Key news
              • Exhibit 162: Rockwell Automation Inc. - Key offerings
              • Exhibit 163: Rockwell Automation Inc. - Segment focus
            • 12.15 SAP SE
              • Exhibit 164: SAP SE - Overview
              • Exhibit 165: SAP SE - Business segments
              • Exhibit 166: SAP SE - Key news
              • Exhibit 167: SAP SE - Key offerings
              • Exhibit 168: SAP SE - Segment focus
            • 12.16 SAS Institute Inc.
              • Exhibit 169: SAS Institute Inc. - Overview
              • Exhibit 170: SAS Institute Inc. - Product / Service
              • Exhibit 171: SAS Institute Inc. - Key news
              • Exhibit 172: SAS Institute Inc. - Key offerings
            • 12.17 Schneider Electric SE
              • Exhibit 173: Schneider Electric SE - Overview
              • Exhibit 174: Schneider Electric SE - Business segments
              • Exhibit 175: Schneider Electric SE - Key news
              • Exhibit 176: Schneider Electric SE - Key offerings
              • Exhibit 177: Schneider Electric SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: 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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