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The global freight forwarding market was valued at USD 201.6 billion in 2021. The global freight forwarding market is growing at a CAGR of 3.9% from 2022 to 2030. The global freight forwarding market is expected to reach USD284.4 billion by 2030. The Asia Pacific is expected to grow the fastest during the forecast period.
Freight forwarding is the arrangement and transportation of goods from one point to another using one or more carriers through air, water, land, or rail. The foundation of freight forwarding is the practical and economical transportation of goods preserved in good condition during the route. To accomplish this, freight forwarders become experts in managing the logistics necessary to guarantee that goods reach on time. In today's markets, having the right tools at disposal is crucial for successful trading and transportation.
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Growing cross-border trade activities and a booming e-commerce sector- The freight forwarding market has increased due to the e-commerce industry's quick expansion, which has led to a demand for a well-organized supply chain and logistics to ensure a seamless end-to-end movement of goods. The freight forwarding industry has developed due to technological advancements like the Internet of Things (IoT) in freight forwarding systems.
Clogged trade routes– The market is likely to be hampered by the congested trade channels. A crisis in global freight transportation capacity is just beginning. Economic growth and increased international trade have steadily increased the need for freight transportation in North America and Europe over the past few decades. The inability of specific routes to handle significant levels of freight traffic has resulted in congested freight zones hampering the market's growth.
Increasing usage of artificial intelligence- Artificial intelligence in logistics and supply chain management is developing quickly. The integration of artificial intelligence (AI) has become a critical issue that is gaining pace in the freight forwarding industry. Artificial intelligence helps save costs and time, increases productivity, and enhances accuracy through automation and real-time data. This is expected to provide growth opportunities for the freight forwarding market over the forecast period.
The expansion of nearshoring manufacturing businesses globally - The growth of the freight forwarding market is challenged by the expansion of nearshoring manufacturing operations around the globe, which is anticipated to lead to a lack of acceptability of trade activities. The increase of the freight forwarding market is anticipated to be constrained by the development of reshoring and nearshoring industries. Despite the challenges, the expanding trend of global freight transportation will assist in tempering the freight forwarding industry's boom over the coming years.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global freight forwarding market, with a 37% share of the market revenue in 2021.
North America currently dominates the freight forwarding market due to its strong economy. The United States contributes one-fifth of the world's GDP despite having only 4.5% of its population. Out of ten brands, the majority are American. The United States has the most trading partners. The United States' top 30 trading partners account for 88% of exports and 87% of imports.
Additionally, as governments enacted lockdowns in the US and other countries to try and stop the spread of Covid-19, consumers have switched to buying more goods and services online. Major retailers, particularly those found in malls, have experienced losses. As consumers become more reliant on online purchasing, online merchants like Amazon and Target Corp., which has expanded its e-commerce operations, have seen their fortunes surge. Walt Disney said in March 2021 that it would shutter at most minuscule 60 Disney Stores across North America in that year. The business announced that it would reduce the number of its brick-and-mortar sites while increasing its e-commerce efforts. Asia Pacific is expected to expand at the fastest CAGR during the forecast period owing to the expanding economies like China and India. Since they present growth potential, leading corporations are concentrating on mergers and acquisitions to increase their company footprint in these fast-growing markets.
North America Region Rainwear Market Share in 2022 - 39%
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The mode of transport segment is divided into air freight forwarding, rail freight forwarding, ocean freight forwarding, and road freight forwarding. The ocean freight forwarding segment dominated the market, with a market share of around 27% in 2021. Due to the widespread use of the internet, rising living costs, infrastructure improvements (new ports, containers, and ships), and services best suited for the e-commerce market, the maritime freight forwarding industry is flourishing.
The services segment is fragmented into transportation & warehousing, value-added services, and insurance. The transportation and warehousing segment dominated the market, with a market share of 43%. Throughout the shipping process, freight forwarders serve as brokers, negotiating prices and selecting the top warehouses and shipping firms, increasing the demand for transportation and warehousing.
The customer type segment is divided into B2B and B2C. Over the forecast period, the B2B segment is expected to grow at the fastest CAGR of 5.3%. Delivery on time is more important to customers, making it a key differentiator for businesses that propel the market’s growth. The B2B sector has grown owing to innovation in freight transit for efficient management.
The application segment is divided into healthcare, oil & gas, retail, food & beverage, industrial and manufacturing, and others. The healthcare segment dominated, with a market share of around 18.6% in 2021. The significant market expansion in the healthcare sector can be observed due to rising worldwide pharmaceutical sales and increased activities to support cold chain logistics.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 201.6 Billion |
| Market size value in 2032 | USD 284.4 Billion |
| CAGR (2023 to 2032) | 3.9% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Regional Segments | North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. |
| Segments | Mode of Transport, Services, Customer Type, Application |
As per The Brainy Insights, the size of the freight forwarding market was valued at USD 201.6 Billion in 2021 to USD 284.4 Billion by 2030.
The global freight forwarding market is growing at a CAGR of 3.9% during the forecast period 2022-2030.
North America emerged as the largest market for freight forwarding.
Growing cross-border trade activities and a booming e-commerce sector will influence the market's growth.
Clogged trade routes could hamper the market growth.
Increasing usage of artificial intelligence will provide considerable opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Mode of Transport
4.3.2. Market Attractiveness Analysis By Services
4.3.3. Market Attractiveness Analysis By Customer Type
4.3.4. Market Attractiveness Analysis By Application
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing cross-border trade activities and a booming e-commerce sector
5.3. Restraints
5.3.1. Clogged trade routes
5.4. Opportunities
5.4.1. Increasing usage of artificial intelligence
5.5. Challenges
5.5.1. The expansion of nearshoring manufacturing businesses globally
6. Global Freight Forwarding Market Analysis and Forecast, By Mode of Transport
6.1. Segment Overview
6.2. Air Freight Forwarding
6.3. Rail Freight Forwarding
6.4. Ocean Freight Forwarding
6.5. Road Freight Forwarding
7. Global Freight Forwarding Market Analysis and Forecast, By Services
7.1. Segment Overview
7.2. Mode of Transportation & Warehousing
7.3. Value-added Services
7.4. Insurance
8. Global Freight Forwarding Market Analysis and Forecast, By Customer Type
8.1. Segment Overview
8.2. B2B
8.3. B2C
9. Global Freight Forwarding Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Healthcare
9.3. Oil & Gas
9.4. Retail
9.5. Food & Beverage
9.6. Industrial and Manufacturing
9.7. others
10. Global Freight Forwarding Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Freight Forwarding Market-Competitive Landscape
11.1. Overview
11.1.1. Market Share of Key Players in the Freight Forwarding Market
11.1.2. Global Company Market Share
11.1.3. North America Company Market Share
11.1.4. Europe Company Market Share
11.1.5. APAC Company Market Share
11.2. Competitive Situations and Trends
11.2.1. Product Launches and Developments
11.2.2. Partnerships, Collaborations, and Agreements
11.2.3. Mergers & Acquisitions
11.2.4. Expansions
12. Company Profiles
12.1. Bolloré Logistics
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Component Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. CEVA Logistics
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Component Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Sinotrans India Private Limited
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Component Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. DB Schenker
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Component Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. DHL Global Forwarding
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Component Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Imerco
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Component Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Dachser
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Component Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. DSV Panalpina A/S
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Component Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Expeditors International
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Component Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Hellmann Worldwide Logistics
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Component Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
2. Global Air Freight Forwarding Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
3. Global Rail Freight Forwarding Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
4. Global Ocean Freight Forwarding Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
5. Global Road Freight Forwarding Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
6. Global Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
7. Global Transportation & Warehousing Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
8. Global Value-added Services Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
9. Global Insurance Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
10. Global Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
11. Global B2B Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
12. Global B2C Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
13. Global Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
14. Global Healthcare Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
15. Global Oil & Gas Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
16. Global Retail Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
17. Global Food & Beverages Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
18. Global Industrial and Manufacturing Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
19. Global Others Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
20. Global Freight Forwarding Market, By Region, 2019-2030 (USD Billion)
21. North America Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
22. North America Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
23. North America Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
24. North America Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
25. U.S. Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
26. U.S. Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
27. U.S. Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
28. U.S. Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
29. Canada Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
30. Canada Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
31. Canada Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
32. Canada Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
33. Mexico Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
34. Mexico Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
35. Mexico Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
36. Mexico Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
37. Europe Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
38. Europe Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
39. Europe Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
40. Europe Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
41. Germany Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
42. Germany Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
43. Germany Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
44. Germany Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
45. France Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
46. France Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
47. France Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
48. France Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
49. U.K. Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
50. U.K. Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
51. U.K. Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
52. U.K. Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
53. Italy Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
54. Italy Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
55. Italy Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
56. Italy Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
57. Spain Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
58. Spain Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
59. Spain Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
60. Spain Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
61. Asia Pacific Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
62. Asia Pacific Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
63. Asia Pacific Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
64. Asia Pacific Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
65. Japan Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
66. Japan Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
67. Japan Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
68. Japan Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
69. China Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
70. China Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
71. China Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
72. China Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
73. India Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
74. India Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
75. India Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
76. India Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
77. South America Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
78. South America Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
79. South America Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
80. South America Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
81. Brazil Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
82. Brazil Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
83. Brazil Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
84. Brazil Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
85. The Middle East and Africa Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
86. The Middle East and Africa Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
87. The Middle East and Africa Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
88. The Middle East and Africa Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
89. UAE Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
90. UAE Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
91. UAE Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
92. UAE Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
93. South Africa Freight Forwarding Market, By Mode of Transport, 2019-2030 (USD Billion)
94. South Africa Freight Forwarding Market, By Services, 2019-2030 (USD Billion)
95. South Africa Freight Forwarding Market, By Customer Type, 2019-2030 (USD Billion)
96. South Africa Freight Forwarding Market, By Application, 2019-2030 (USD Billion)
List of Figures
1. Global Freight Forwarding Market Segmentation
2. Freight Forwarding Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Freight Forwarding Market Attractiveness Analysis By Mode of Transport
9. Global Freight Forwarding Market Attractiveness Analysis By Services
10. Global Freight Forwarding Market Attractiveness Analysis By Customer Type
11. Global Freight Forwarding Market Attractiveness Analysis By Application
12. Global Freight Forwarding Market Attractiveness Analysis By Region
13. Global Freight Forwarding Market: Dynamics
14. Global Freight Forwarding Market Share by Mode of Transport (2022 & 2030)
15. Global Freight Forwarding Market Share By Services (2022 & 2030)
16. Global Freight Forwarding Market Share by Customer Type (2022 & 2030)
17. Global Freight Forwarding Market Share by Application (2022 & 2030)
18. Global Freight Forwarding Market Share by Regions (2022 & 2030)
19. Global Freight Forwarding Market Share by Company (2021)
This study forecasts global, regional, and country revenue from 2019 to 2030. Brainy Insights has segmented the global freight forwarding market based on the below-mentioned segments:
Global Freight Forwarding Market by Mode of Transport:
Global Freight Forwarding Market by Services:
Global Freight Forwarding Market by Customer Type:
Global Freight Forwarding Market by Application:
Global Freight Forwarding Market by Region:
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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
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Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
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