To Get More Information on POS Security Market - Request Sample Report
The POS Security Market size was USD 4.54 Billion in 2023 and is expected to Reach USD 8.59 Billion by 2031 and grow at a CAGR of 8.3% over the forecast period of 2024-2031.
Point-of-sale security creates safe environments for customers to make purchases and complete transactions. POS security measures are crucial to prevent unauthorized users from accessing electronic payment systems and reduce the risk of credit card information theft or fraud. POS hacks represent a major opportunity for cybercriminals. The increasing use of cloud-based POS security solutions. Cloud-based solutions offer a number of advantages over traditional on-premises solutions, such as scalability, flexibility, and ease of management. The development of new technologies for POS security, such as biometric authentication and end-to-end encryption. These technologies can help to further protect POS systems from cyberattacks. The hardware segment is the largest segment of the POS security market, accounting for a 45% share in 2022. This is due to the high demand for POS terminals and other hardware components from businesses of all sizes. The software segment is the second largest segment, accounting for a 30% share in 2022. This is due to the growing demand for POS security software to protect businesses from fraud and cyberattacks. The services segment is the smallest segment, accounting for a 25% share in 2022. However, this segment is expected to grow at the fastest rate in the coming years, as businesses increasingly outsource their POS security needs to third-party providers.
KEY DRIVERS
The increasing adoption of digital payments
The growing sophistication of cyberattacks
The Rise in demand for digital payment modes among consumers and the growing craze of mobile payment and online payment among developing nations' youth is driving the market's growth. As more and more people use credit cards and other digital payment methods, the risk of POS fraud increases.
RESTRAIN
The cost of POS security solutions can be prohibitive for some businesses.
The complexity of POS security solutions can make it difficult for businesses to implement and manage them effectively.
The cost of POS security solutions can be prohibitive for some businesses, especially small businesses. POS security solutions can range in price from a few hundred dollars to several thousand dollars, and the cost can be a barrier for businesses that are already operating on tight budgets.
OPPORTUNITY
The increasing regulation of POS security is creating new opportunities for the market.
The development of new technologies for POS security, such as biometric authentication and end-to-end encryption, is creating new opportunities for the market.
The Payment Card Industry Data Security Standard is a set of security standards that businesses must comply with in order to protect cardholder data. These regulations are becoming increasingly stringent, and businesses that fail to comply can face significant fines. This is making businesses more willing to invest in POS security solutions to protect themselves from compliance risks.
CHALLENGES
The increasing sophistication of cyberattacks is a major challenge for the POS security market.
The increasing sophistication of cyberattacks is a major challenge for the POS security market because it makes it more difficult to protect POS systems from attack. Hackers are constantly developing new ways to exploit vulnerabilities in POS systems, and it can be difficult for businesses to keep up with the latest threats. Hackers are constantly developing new ways to exploit vulnerabilities in POS systems.
The Russia-Ukraine war is a major challenge for the POS security market. However, the market is expected to recover in the long term. Businesses in the POS security market should focus on developing new security solutions that can protect businesses from cyberattacks. They should also focus on building strong relationships with their customers to help them through this difficult time. The sales revenue of POS security companies is expected to decline in 2023 due to the war in Ukraine. PAX Technology is a Taiwanese company that provides payment solutions. The company has said that the war in Ukraine is "causing uncertainty in the market. PAX Technology announced on March 8, 2022 that it is donating $1 million to humanitarian relief efforts in Ukraine. The company said that the donation will be used to provide food, shelter, and medical care to those affected by the war.
The ongoing recession is having a significant impact on the POS security market. The global POS security market is expected to decline by 2.5% in 2023, compared to 2022. POS security companies are seeing a decline in sales revenue growth, as businesses are cutting costs wherever possible. This is being felt most acutely by small and medium-sized businesses, which are more likely to operate on tight budgets. PAX Technology, First Data Corporation, Adyen, these companies have all reported declining sales revenue growth in recent quarters. For example, Verifone's sales revenue growth in the first quarter of 2023 was 1.5%, down from 7.5% in the same quarter of 2022. The POS security market is facing challenges due to the recession, but there are still opportunities for businesses that are willing to adapt. By focusing on affordable and flexible solutions, POS security companies can weather the recession and emerge stronger on the other side.
Do You Need any Customization Research on POS Security Market - Enquire Now
North America dominated the POS security market in 2022, holding the largest market share of 34.85%. The US market was the dominant market in North America in 2021 and is expected to continue to be the dominant market until 2028. The Canada market is also expected to grow at a CAGR of 10.2% during 2022-2028. The increasing number of data breaches in North America has led to a greater focus on POS security measures. This has resulted in increased demand for POS security solutions in the region. North America is known for its high adoption of advanced technologies, including POS systems. This has led to a greater need for advanced POS security solutions to protect these systems from potential security threats.
Asia-Pacific attained the highest growth in 2021. This is attributed to the Asia-Pacific PoS security market possessing high potential for growth and is analyzed to include mature markets of Japan and Australia, countries with growing populations like China, and emerging markets including Hong Kong and South Korea. Moreover, APAC nations are investing more and more in retail PoS initiatives. These factors boost the adoption of the PoS security market in this region. The region has implemented stringent regulations to protect consumer data, such as the Payment Card Industry Data Security Standard (PCI DSS). This has led to increased adoption of POS security solutions to comply with these regulations
The major players in the POS Security Market are Sophos Ltd., Epos Now, Vend, Fortinet, Inc., AO Kaspersky Lab, CardConnect, Lightspeed, Upserve, Inc., Check Point Software Technologies Ltd., Morphisec Ltd., and other players.
CyberRes:
In November 2022, CyberRes, a Micro Focus line of business, announced the release of Voltage SecureData Services. Voltage SecureData Services is a cloud-native data protection offering that allows data security solutions to be deployed within business applications, in the cloud.
Ingenico Group:
In January 2023, Ingenico Group announced the launch of its new Secure3D solution. Secure3D is a cloud-based solution that helps businesses to protect their POS systems from cyberattacks.
| Report Attributes | Details |
| Market Size in 2023 | US$ 4.54 Billion |
| Market Size by 2031 | US$ 8.59 Billion |
| CAGR | CAGR of 8.3 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Solution, Services) • By Deployment (On-Premise, Cloud) • By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises) • By Industry Vertical (Retail, Hospitality, Entertainment, Healthcare, Transportation, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Sophos Ltd., Epos Now, Vend, Fortinet, Inc., AO Kaspersky Lab, CardConnect, Lightspeed, Upserve, Inc., Check Point Software Technologies Ltd., Morphisec Ltd |
| Key Drivers | • The increasing adoption of digital payments. • The growing sophistication of cyberattacks |
| Market Opportunity | • The increasing regulation of POS security is creating new opportunities for the market. • The development of new technologies for POS security, such as biometric authentication and end-to-end encryption, is creating new opportunities for the market. |
Ans. The Compound Annual Growth rate for POS Security Market over the forecast period is 8.7 %.
Ans. USD 8.1 Billion is the Company's projected POS Security Market size by 2030.
Ans. POS security refers to the measures taken to protect the computer systems that process debit and credit card transactions at the point of sale. It aims to safeguard sensitive data, such as account numbers and customer information, from unauthorized access or theft
Ans. POS security is crucial because data breaches are on the rise, and POS systems are often targeted by hackers. A breach can result in financial loss and damage to a business's reputation. Protecting customer information and preventing unauthorized access are key goals of POS security
Ans. The demand for PoS security is increasing as digital payment modes are adopted. The rise in demand for the adoption of digital payment modes among the consumers and growing craze of mobile payment and online payment among the youth of developing nations is driving the growth of the market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. POS Security Market Segmentation, by Offering
8.1 Solution
8.2 Services
9. POS Security Market Segmentation, by Deployment
9.1 On-Premise
9.2 Cloud
10. POS Security Market Segmentation, by Organization Size
10.1 Large Enterprise
10.2 Small and Medium Size Enterprise
11. POS Security Market Segmentation, by Industry Vertical
11.1 Retail
11.2 Hospitality
11.3 Entertainment
11.4 Healthcare
11.5 Transportation
11.6 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America POS Security Market by Country
12.2.2 North America POS Security Market by Offering
12.2.3 North America POS Security Market By Deployment
12.2.4 North America POS Security Market by Organization Size
12.2.5 North America POS Security Market by Industry Vertical
12.2.6 USA
12.2.6.1 USA POS Security Market by Offering
12.2.6.2 USA POS Security Market By Deployment
12.2.6.3 USA POS Security Market by Organization Size
12.2.6.4 USA POS Security Market by Industry Vertical
12.2.7 Canada
12.2.7.1 Canada POS Security Market by Offering
12.2.7.2 Canada POS Security Market By Deployment
12.2.7.3 Canada POS Security Market by Organization Size
12.2.7.4 Canada POS Security Market by Industry Vertical
12.2.8 Mexico
12.2.8.1 Mexico POS Security Market by Offering
12.2.8.2 Mexico POS Security Market By Deployment
12.2.8.3 Mexico POS Security Market by Organization Size
12.2.8.4 Mexico POS Security Market by Industry Vertical
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe POS Security Market by Country
12.3.1.2 Eastern Europe POS Security Market by Offering
12.3.1.3 Eastern Europe POS Security Market By Deployment
12.3.1.4 Eastern Europe POS Security Market by Organization Size
12.3.1.5 Eastern Europe POS Security Market by Industry Vertical
12.3.1.6 Poland
12.3.1.6.1 Poland POS Security Market by Offering
12.3.1.6.2 Poland POS Security Market By Deployment
12.3.1.6.3 Poland POS Security Market by Organization Size
12.3.1.6.4 Poland POS Security Market by Industry Vertical
12.3.1.7 Romania
12.3.1.7.1 Romania POS Security Market by Offering
12.3.1.7.2 Romania POS Security Market By Deployment
12.3.1.7.3 Romania POS Security Market by Organization Size
12.3.1.7.4 Romania POS Security Market by Industry Vertical
12.3.1.8 Hungary
12.3.1.8.1 Hungary POS Security Market by Offering
12.3.1.8.2 Hungary POS Security Market By Deployment
12.3.1.8.3 Hungary POS Security Market by Organization Size
12.3.1.8.4 Hungary POS Security Market by Industry Vertical
12.3.1.9 Turkey
12.3.1.9.1 Turkey POS Security Market by Offering
12.3.1.9.2 Turkey POS Security Market By Deployment
12.3.1.9.3 Turkey POS Security Market by Organization Size
12.3.1.9.4 Turkey POS Security Market by Industry Vertical
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe POS Security Market by Offering
12.3.1.10.2 Rest of Eastern Europe POS Security Market By Deployment
12.3.1.10.3 Rest of Eastern Europe POS Security Market by Organization Size
12.3.1.10.4 Rest of Eastern Europe POS Security Market by Industry Vertical
12.3.2 Western Europe
12.3.2.1 Western Europe POS Security Market by Country
12.3.2.2 Western Europe POS Security Market by Offering
12.3.2.3 Western Europe POS Security Market By Deployment
12.3.2.4 Western Europe POS Security Market by Organization Size
12.3.2.5 Western Europe POS Security Market by Industry Vertical
12.3.2.6 Germany
12.3.2.6.1 Germany POS Security Market by Offering
12.3.2.6.2 Germany POS Security Market By Deployment
12.3.2.6.3 Germany POS Security Market by Organization Size
12.3.2.6.4 Germany POS Security Market by Industry Vertical
12.3.2.7 France
12.3.2.7.1 France POS Security Market by Offering
12.3.2.7.2 France POS Security Market By Deployment
12.3.2.7.3 France POS Security Market by Organization Size
12.3.2.7.4 France POS Security Market by Industry Vertical
12.3.2.8 UK
12.3.2.8.1 UK POS Security Market by Offering
12.3.2.8.2 UK POS Security Market By Deployment
12.3.2.8.3 UK POS Security Market by Organization Size
12.3.2.8.4 UK POS Security Market by Industry Vertical
12.3.2.9 Italy
12.3.2.9.1 Italy POS Security Market by Offering
12.3.2.9.2 Italy POS Security Market By Deployment
12.3.2.9.3 Italy POS Security Market by Organization Size
12.3.2.9.4 Italy POS Security Market by Industry Vertical
12.3.2.10 Spain
12.3.2.10.1 Spain POS Security Market by Offering
12.3.2.10.2 Spain POS Security Market By Deployment
12.3.2.10.3 Spain POS Security Market by Organization Size
12.3.2.10.4 Spain POS Security Market by Industry Vertical
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands POS Security Market by Offering
12.3.2.11.2 Netherlands POS Security Market By Deployment
12.3.2.11.3 Netherlands POS Security Market by Organization Size
12.3.2.11.4 Netherlands POS Security Market by Industry Vertical
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland POS Security Market by Offering
12.3.2.12.2 Switzerland POS Security Market By Deployment
12.3.2.12.3 Switzerland POS Security Market by Organization Size
12.3.2.12.4 Switzerland POS Security Market by Industry Vertical
12.3.2.13 Austria
12.3.2.13.1 Austria POS Security Market by Offering
12.3.2.13.2 Austria POS Security Market By Deployment
12.3.2.13.3 Austria POS Security Market by Organization Size
12.3.2.13.4 Austria POS Security Market by Industry Vertical
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe POS Security Market by Offering
12.3.2.14.2 Rest of Western Europe POS Security Market By Deployment
12.3.2.14.3 Rest of Western Europe POS Security Market by Organization Size
12.3.2.14.4 Rest of Western Europe POS Security Market by Industry Vertical
12.4 Asia-Pacific
12.4.1 Asia Pacific POS Security Market by Country
12.4.2 Asia Pacific POS Security Market by Offering
12.4.3 Asia Pacific POS Security Market By Deployment
12.4.4 Asia Pacific POS Security Market by Organization Size
12.4.5 Asia Pacific POS Security Market by Industry Vertical
12.4.6 China
12.4.6.1 China POS Security Market by Offering
12.4.6.2 China POS Security Market By Deployment
12.4.6.3 China POS Security Market by Organization Size
12.4.6.4 China POS Security Market by Industry Vertical
12.4.7 India
12.4.7.1 India POS Security Market by Offering
12.4.7.2 India POS Security Market By Deployment
12.4.7.3 India POS Security Market by Organization Size
12.4.7.4 India POS Security Market by Industry Vertical
12.4.8 Japan
12.4.8.1 Japan POS Security Market by Offering
12.4.8.2 Japan POS Security Market By Deployment
12.4.8.3 Japan POS Security Market by Organization Size
12.4.8.4 Japan POS Security Market by Industry Vertical
12.4.9 South Korea
12.4.9.1 South Korea POS Security Market by Offering
12.4.9.2 South Korea POS Security Market By Deployment
12.4.9.3 South Korea POS Security Market by Organization Size
12.4.9.4 South Korea POS Security Market by Industry Vertical
12.4.10 Vietnam
12.4.10.1 Vietnam POS Security Market by Offering
12.4.10.2 Vietnam POS Security Market By Deployment
12.4.10.3 Vietnam POS Security Market by Organization Size
12.4.10.4 Vietnam POS Security Market by Industry Vertical
12.4.11 Singapore
12.4.11.1 Singapore POS Security Market by Offering
12.4.11.2 Singapore POS Security Market By Deployment
12.4.11.3 Singapore POS Security Market by Organization Size
12.4.11.4 Singapore POS Security Market by Industry Vertical
12.4.12 Australia
12.4.12.1 Australia POS Security Market by Offering
12.4.12.2 Australia POS Security Market By Deployment
12.4.12.3 Australia POS Security Market by Organization Size
12.4.12.4 Australia POS Security Market by Industry Vertical
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific POS Security Market by Offering
12.4.13.2 Rest of Asia-Pacific APAC POS Security Market By Deployment
12.4.13.3 Rest of Asia-Pacific POS Security Market by Organization Size
12.4.13.4 Rest of Asia-Pacific POS Security Market by Industry Vertical
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East POS Security Market by Country
12.5.1.2 Middle East POS Security Market by Offering
12.5.1.3 Middle East POS Security Market By Deployment
12.5.1.4 Middle East POS Security Market by Organization Size
12.5.1.5 Middle East POS Security Market by Industry Vertical
12.5.1.6 UAE
12.5.1.6.1 UAE POS Security Market by Offering
12.5.1.6.2 UAE POS Security Market By Deployment
12.5.1.6.3 UAE POS Security Market by Organization Size
12.5.1.6.4 UAE POS Security Market by Industry Vertical
12.5.1.7 Egypt
12.5.1.7.1 Egypt POS Security Market by Offering
12.5.1.7.2 Egypt POS Security Market By Deployment
12.5.1.7.3 Egypt POS Security Market by Organization Size
12.5.1.7.4 Egypt POS Security Market by Industry Vertical
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia POS Security Market by Offering
12.5.1.8.2 Saudi Arabia POS Security Market By Deployment
12.5.1.8.3 Saudi Arabia POS Security Market by Organization Size
12.5.1.8.4 Saudi Arabia POS Security Market by Industry Vertical
12.5.1.9 Qatar
12.5.1.9.1 Qatar POS Security Market by Offering
12.5.1.9.2 Qatar POS Security Market By Deployment
12.5.1.9.3 Qatar POS Security Market by Organization Size
12.5.1.9.4 Qatar POS Security Market by Industry Vertical
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East POS Security Market by Offering
12.5.1.10.2 Rest of Middle East POS Security Market By Deployment
12.5.1.10.3 Rest of Middle East POS Security Market by Organization Size
12.5.1.10.4 Rest of Middle East POS Security Market by Industry Vertical
12.5.2. Africa
12.5.2.1 Africa POS Security Market by Country
12.5.2.2 Africa POS Security Market by Offering
12.5.2.3 Africa POS Security Market By Deployment
12.5.2.4 Africa POS Security Market by Organization Size
12.5.2.5 Africa POS Security Market by Industry Vertical
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria POS Security Market by Offering
12.5.2.6.2 Nigeria POS Security Market By Deployment
12.5.2.6.3 Nigeria POS Security Market by Organization Size
12.5.2.6.4 Nigeria POS Security Market by Industry Vertical
12.5.2.7 South Africa
12.5.2.7.1 South Africa POS Security Market by Offering
12.5.2.7.2 South Africa POS Security Market By Deployment
12.5.2.7.3 South Africa POS Security Market by Organization Size
12.5.2.7.4 South Africa POS Security Market by Industry Vertical
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa POS Security Market by Offering
12.5.2.8.2 Rest of Africa POS Security Market By Deployment
12.5.2.8.3 Rest of Africa POS Security Market by Organization Size
12.5.2.8.4 Rest of Africa POS Security Market by Industry Vertical
12.6. Latin America
12.6.1 Latin America POS Security Market by Country
12.6.2 Latin America POS Security Market by Offering
12.6.3 Latin America POS Security Market By Deployment
12.6.4 Latin America POS Security Market by Organization Size
12.6.5 Latin America POS Security Market by Industry Vertical
12.6.6 Brazil
12.6.6.1 Brazil POS Security Market by Offering
12.6.6.2 Brazil Africa POS Security Market By Deployment
12.6.6.3 Brazil POS Security Market by Organization Size
12.6.6.4 Brazil POS Security Market by Industry Vertical
12.6.7 Argentina
12.6.7.1 Argentina POS Security Market by Offering
12.6.7.2 Argentina POS Security Market By Deployment
12.6.7.3 Argentina POS Security Market by Organization Size
12.6.7.4 Argentina POS Security Market by Industry Vertical
12.6.8 Colombia
12.6.8.1 Colombia POS Security Market by Offering
12.6.8.2 Colombia POS Security Market By Deployment
12.6.8.3 Colombia POS Security Market by Organization Size
12.6.8.4 Colombia POS Security Market by Industry Vertical
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America POS Security Market by Offering
12.6.9.2 Rest of Latin America POS Security Market By Deployment
12.6.9.3 Rest of Latin America POS Security Market by Organization Size
12.6.9.4 Rest of Latin America POS Security Market by Industry Vertical
13 Company profile
13.1 Sophos Ltd.
13.1.1 Company Overview
13.1.2 Financials
13.1.3Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Epos Now
13.2.1 Company Overview
13.2.2 Financials
13.2.3Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Vend
13.3.1 Company Overview
13.3.2 Financials
13.3.3Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Fortinet, Inc.
13.4.1 Company Overview
13.4.2 Financials
13.4.3Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 AO Kaspersky Lab
13.5.1 Company Overview
13.5.2 Financials
13.5.3Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 CardConnect
13.6.1 Company Overview
13.6.2 Financials
13.6.3Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Lightspeed
13.7.1 Company Overview
13.7.2 Financials
13.7.3Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Upserve, Inc.
13.8.1 Company Overview
13.8.2 Financial
13.8.3Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Check Point Software Technologies Ltd.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Service/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Morphisec Ltd.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Service/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Company Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Offering
Solution
Services
By Deployment
On-Premise
Cloud
By Organization Size
Large Enterprise
Small and Medium Size Enterprise
By Industry Vertical
Retail
Hospitality
Entertainment
Healthcare
Transportation
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Location-Based Services Market size was valued at USD 24.00 billion in 2023 and is expected to grow to USD 123.83 billion By 2032 and grow at a CAGR of 20.00% over the forecast period of 2024-2032.
The Intelligent Transportation System Market size was valued at USD 50.21 billion in 2023 and is expected to grow to USD 105.58 billion by 2032 and grow at a CAGR of 8.61 % over the forecast period of 2024-2032.
The Robotics-as-a-Service (RaaS) Market was valued at USD 1.61 billion in 2023 and is expected to reach USD 6.80 Billion by 2032, growing at a CAGR of 17.40% over the forecast period 2024-2032.
The ESG Reporting Software market, valued at USD 0.83 Billion in 2023, is projected to reach USD 3.73 Billion by 2032, growing at a compound annual growth rate CAGR of 19.43% during the forecast period.
The Self-checkout Systems Market was valued at USD 4.62 Billion in 2023 and will reach USD 15.49 Billion by 2032, growing at a CAGR of 14.42% by 2024-2032.
The B2B E-Commerce Market Size was valued at USD 1825.01 Billion in 2023 and is expected to reach USD 8294.4 Billion by 2032 and grow at a CAGR of 18.32 % over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
