Contact Centre Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193167
  • Format: Electronic (PDF)
  • Number of Pages: 204
  • Author(s): Joshi, Madhavi

Report Overview

The Contact Centre Market size was estimated at USD 35 billion in 2023 and is projected to reach USD 60 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Contact Centre Market

(Market Size)
$35 billion
$60 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 35 billion
2030 Market Size USD 60 billion
Key Players Genesys, Avaya, Cisco, Five9, NICE

Market Summary

The contact centre market within the consumer goods industry represents a critical operational hub for managing customer interactions across multiple channels. These centres have evolved from traditional call handling to sophisticated customer engagement platforms that integrate voice, email, chat, social media, and messaging apps. Consumer goods companies leverage contact centres to enhance customer service, support brand loyalty, manage product inquiries, handle complaints, and facilitate post-sales support. The shift towards omnichannel communication is a dominant trend, enabling seamless customer experiences regardless of the touchpoint. Technologies such as artificial intelligence, robotic process automation, and advanced analytics are increasingly being deployed to optimize agent performance, automate routine tasks, and derive actionable insights from customer data. The market is characterized by a blend of on-premise, cloud-based, and hybrid deployment models, with a growing preference for cloud solutions due to their scalability and cost-efficiency. Key players include both specialized contact centre solution providers and broader technology firms offering integrated customer experience platforms.

Key Highlights

The contact centre market for consumer goods is distinguished by several key developments. The integration of artificial intelligence and machine learning capabilities is transforming operations, enabling predictive routing, sentiment analysis, and intelligent virtual assistants that enhance efficiency and customer satisfaction. Omnichannel engagement has become a standard expectation, requiring systems that provide a unified view of customer interactions across all platforms. There is a significant emphasis on data security and compliance, particularly with regulations like GDPR and CCPA, driving investments in secure communication technologies. The rise of remote and hybrid work models has accelerated the adoption of cloud-based contact centre solutions, which offer greater flexibility and resilience. Additionally, the use of analytics and reporting tools is critical for consumer goods companies to monitor performance metrics, understand customer behavior, and make data-driven decisions to improve service quality and operational effectiveness.

Drivers, Opportunities & Restraints

Several factors drive the growth of the contact centre market in the consumer goods sector. Increasing customer expectations for prompt, personalized, and efficient service are compelling companies to invest in advanced contact centre technologies. The expansion of digital channels and the need for integrated customer experiences are also significant drivers. Opportunities abound in the adoption of AI-driven solutions such as chatbots and voice bots, which can handle routine inquiries, reduce wait times, and lower operational costs. The growing focus on customer retention and loyalty programs presents another avenue for growth, as contact centres play a pivotal role in executing these strategies. However, the market faces restraints including high implementation costs for advanced systems, particularly for small and medium-sized enterprises. Data privacy concerns and regulatory complexities can also hinder adoption. Additionally, the challenge of integrating new technologies with legacy systems remains a barrier for some organizations, requiring careful planning and investment.

Concentration Insights

The contact centre market serving the consumer goods industry is concentrated among several leading technology providers and specialized firms. Major players such as Genesys, Cisco Systems, Avaya, and Five9 offer comprehensive solutions that include omnichannel routing, analytics, and workforce optimization tools. These companies have a strong global presence and cater to large enterprises with complex needs. There is also a significant presence of cloud-based specialists like Talkdesk and NICE inContact, which are popular for their scalability and innovation in AI and automation. The market sees competition from CRM giants like Salesforce and Microsoft, who integrate contact centre capabilities into their broader customer experience platforms. Regionally, North America and Europe exhibit high concentration due to early technology adoption and the presence of major vendors, while Asia-Pacific is emerging as a growth hotspot with increasing investments in customer service infrastructure by consumer goods companies expanding in the region.

Type Insights

Contact centre solutions in the consumer goods market are categorized based on deployment type and functionality. Deployment models include on-premise systems, which offer control and customization but require significant upfront investment, and cloud-based solutions, which are gaining traction due to their flexibility, lower costs, and ease of integration. Hybrid models combine elements of both, allowing companies to maintain certain functions on-premise while leveraging cloud benefits for others. Functionally, solutions range from automatic call distribution (ACD) and interactive voice response (IVR) systems to advanced platforms incorporating AI, analytics, and omnichannel support. Workforce engagement management tools, which include quality monitoring, performance management, and e-learning modules, are integral for optimizing agent productivity. The trend is moving towards integrated suites that offer a comprehensive set of features rather than standalone systems, providing consumer goods companies with end-to-end management of customer interactions.

Application Insights

In the consumer goods industry, contact centres are applied across various functions to enhance customer engagement and operational efficiency. Customer service and support represent the primary application, handling inquiries related to products, orders, returns, and complaints. Sales and telemarketing activities are also significant, where agents promote products, upsell, and cross-sell to existing customers. Another critical application is in customer feedback and satisfaction monitoring, using surveys and interaction analytics to gauge sentiment and identify improvement areas. Contact centres facilitate loyalty program management, enabling companies to reward and retain valuable customers through personalized communication. Additionally, they play a role in crisis management and recall communications, providing timely information to consumers during product issues. The integration of self-service options through IVR and chatbots allows for efficient handling of routine queries, freeing agents to focus on more complex and high-value interactions.

Regional Insights

The adoption and development of contact centre solutions in the consumer goods sector vary significantly across regions. North America remains a mature market, characterized by high technology adoption, stringent regulatory requirements, and a strong presence of leading solution providers. Companies here focus on AI integration and omnichannel strategies to meet elevated customer expectations. Europe follows closely, with emphasis on compliance with data protection laws and investments in cloud-based solutions to enhance flexibility. The Asia-Pacific region is experiencing rapid growth, driven by expanding consumer goods markets, increasing digitalization, and rising investments in customer service infrastructure. Countries like India and China are key growth areas, with local and international vendors expanding their offerings. Latin America and the Middle East and Africa are emerging markets, where growth is fueled by economic development, increasing consumer spending, and the gradual adoption of advanced customer service technologies by multinational consumer goods companies.

Company Insights

Prominent companies in the contact centre market for consumer goods include established players and innovative newcomers. Genesys is a leader offering a cloud-based platform with strong AI and omnichannel capabilities. Cisco Systems provides integrated solutions through its Webex Contact Centre, emphasizing security and scalability. Avaya is known for its robust on-premise and cloud offerings, catering to diverse enterprise needs. Five9 is a key cloud-centric vendor with advanced analytics and automation features. NICE excels with its CXone platform, incorporating AI and workforce optimization tools. Talkdesk focuses on innovation with its flexible cloud solution designed for ease of use and rapid deployment. Salesforce integrates contact centre functionality into its Service Cloud, leveraging its CRM strengths. These companies compete on technology, global reach, and ability to provide tailored solutions that help consumer goods firms enhance customer satisfaction and operational efficiency.

Recent Developments

The contact centre market for consumer goods has witnessed several recent advancements driven by technological innovation and changing customer demands. There is increased integration of generative AI to enhance chatbot capabilities, making interactions more natural and effective. Major vendors have launched enhanced analytics tools that provide deeper insights into customer behavior and agent performance. The adoption of voice biometrics for authentication and security is growing, reducing fraud and improving customer experience. Partnerships between contact centre solution providers and CRM companies are becoming more common, offering more seamless integrations. The emphasis on employee engagement tools has risen, with features designed to support remote agents through better collaboration and training platforms. Sustainability considerations are also influencing product developments, with companies offering solutions that reduce energy consumption and support green initiatives. These developments reflect a continuous effort to adapt to evolving market conditions and leverage new technologies for competitive advantage.

Report Segmentation

This report on the contact centre market for the consumer goods industry is segmented to provide detailed analysis across multiple dimensions. The segmentation includes by type, covering solutions such as automatic call distributors, interactive voice response systems, computer telephony integration, and workforce optimization software. Deployment models segmented are on-premise, cloud-based, and hybrid systems. The report further breaks down the market by application, including customer service and support, telemarketing and sales, feedback and survey management, and loyalty program administration. Additional segmentation may involve organization size, distinguishing between large enterprises and small and medium-sized businesses. Geographical segmentation covers key regions and countries, offering insights into regional trends and opportunities. This structured approach allows for a comprehensive understanding of market dynamics, helping stakeholders identify growth areas, competitive landscapes, and technological trends specific to their interests and needs.

FAQs

What is the difference between a call centre and a contact centre? A call centre primarily handles voice interactions, such as inbound and outbound phone calls, while a contact centre manages customer communications across multiple channels including email, chat, social media, and messaging apps, providing a more integrated and omnichannel experience.

How does AI improve contact centre operations? AI enhances contact centre operations by automating routine tasks through chatbots and virtual assistants, providing predictive routing to direct customers to the most suitable agent, offering sentiment analysis to gauge customer emotions, and delivering analytics for better decision-making and efficiency.

What are the benefits of cloud-based contact centres? Cloud-based contact centres offer scalability to adjust resources based on demand, reduced upfront costs as they operate on a subscription model, flexibility for remote work, easier integration with other cloud services, and regular updates with the latest features without requiring hardware changes.

Why is omnichannel important in contact centres? Omnichannel is crucial because it provides a seamless and consistent customer experience across all communication channels, allowing customers to switch between channels without losing context, which enhances satisfaction, loyalty, and operational efficiency for businesses.

What role do contact centres play in customer retention? Contact centres play a vital role in customer retention by resolving issues promptly, personalizing interactions based on customer history, managing loyalty programs, and proactively engaging with customers to prevent churn, thereby fostering long-term relationships and repeat business.

How do contact centres handle data security? Contact centres handle data security through encryption of sensitive information, compliance with regulations like GDPR and CCPA, secure access controls, regular security audits, and training agents on data protection practices to safeguard customer data from breaches and unauthorized access.

Citius Research has developed a research report titled “Contact Centre Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Contact Centre Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Contact Centre Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Contact Centre Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Contact Centre Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Contact Centre Market
• Research Methodology
• Executive Summary
• Market Dynamics of Contact Centre Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Contact Centre Market
• Cost and Gross Margin Analysis of Contact Centre Market
• Contact Centre Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Contact Centre Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Contact Centre Market Key Stakeholders

Below are the key stakeholders for the Contact Centre Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Contact Centre Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Contact Centre Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Contact Centre Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Contact Centre Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Contact Centre Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Contact Centre Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Contact Centre Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Contact Centre Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Contact Centre Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Contact Centre Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Contact Centre Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Contact Centre Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Contact Centre Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Contact Centre Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Contact Centre Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Contact Centre Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Contact Centre Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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