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ATM managed services is comprehensive collection of services provided to financial institutions, banks, and other business entities installing ATM machines. These services include ATM service and repair, electronic journal & content management system, transaction processing, cash management, ATM deposit automation, software maintenance, and cash reconciliation services.

The global ATM managed services market is expected to witness significant growth during the forecast period (2020–2027) due to surge in debit card usage & demand for advanced ATM services. The penetration of debit cards has increased tremendously due to increase in several government initiatives towards financial inclusions, globally. Furthermore, consumers are now preferring more advanced and instant ATM services due to increased usage of debit cards. This surge of debit card usage is due to enhanced card security and offers on ATM transactions. For instance, according to a survey conducted by Stratagem Market Insights’ analysis projected that there is an increase in the adoption of debit cards to 60% in 2019 from 51% in 2018. Thus, all financial institutions and business entities invested in ATM managed services in order to increase the user experience in the market. For instance, in August 2014, the Government of India (GOI) started the scheme of opening a bank account at zero balance under PradhanMantri Jan DhanYojana (PMJDY). Due to this initiative, the number of debit card users and card transactions increased significantly. Banks are introducing new security techniques to verify that the physical card used by the user is real or duplicate. For instance, in January, Reserve Bank of India (RBI) mandated that banks need to upgrade their old magstripe cards to EMV cards. EMV chip cards offer features such as enhanced authentication, preventing unauthorized and fraudulent activities. Due to these features, people are opting for ATM cards, which further support growth of the ATM managed services market. Due to all these initiatives, the number of debit transactions is increasing and financial institutions are focusing on enhancing their ATM managed services to provide good services to consumers.

High cost of new technology for upgrading the ATMs has become a major concern in the market. The operating systems (OS) upgrade from Windows XP to Windows 10 or Windows 7 in all ATMs is very difficult. Windows 10 operating system offers various benefits such as security, remote support, and enhanced customer experience. All the financial institutions are migrating their ATMs to latest operating system to meet regulatory compliance. For instance, in January 2020, Microsoft planned to end support for a version of Windows and due to this, financial institutions shifted to the latest version of the operating system. All the financial institutions could not meet the deadline, as this required additional effort in terms of money and time. The cost incurred to upgrade the system depends on various factors such as age of the system, timing for replacement, and feasibility to upgrade. Technological advancements is one of the major factors that drive the ATM managed services market growth.

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ATM Managed Services Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 6,005.9 Mn
Historical Data for: 2017 and 2018 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.9% 2027 Value Projection: US$ 9,524.8 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By ATM Type: Conventional ATM/Bank ATM, White Label ATM, Brown Label ATM Cash Dispenser, Smart ATM and Others
  • By Service: Electronic Journal & Content Management System, ATM Service & Repair (First Line ATM Maintenance, Second Line ATM Maintenance), ATM Deposit Automation, ATM Transaction Processing, Cash Management, Software Maintenance, Cash Reconciliation Services
Companies covered:

FSS Tech (Financial Software & Systems Pvt. Ltd.), CashLink Global Systems Pvt. Ltd., Automated Transaction Delivery (ATM Worldwide), Fiserv, Inc. (First Data), Electronic Payment and Services Pvt. Ltd., CashTrans, Vocalink, QDS (Quality Data Systems), CMS Info Systems, NCR Corporation, TetraLink, Hitachi Payment Services Pvt. Ltd., LD Systems, Fiserv, Cardtronics

Growth Drivers:
  • Surge in Debit Card Usage & Demand For Advanced ATM Services
  • Advancements in Technology in Banking Institutions
Restraints & Challenges:
  • Operating system (OS) upgrade in ATMs
  • The increasing adoption of UPI payment methods

Global ATM Managed Services Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 pandemic has impacted the banking industry, however has led to innovation in the ATM industry. Several ATM manufacturers are offering cardless cash withdrawals as there is increase in demand for contactless payments among consumers due to the current outbreak. For instance, according to London's RBR Study 2020, the number of cardless cash transactions across the globe rose by 10% in 2019. Various methods are introduced that allow card holders to withdraw cash from ATM without inserting a payment card. These methods include NFC & QR code readers, and biometric authentication. ATMs equipped with NFC & QR code readers are gaining huge popularity among the users due to the current pandemic outbreak. In QR code scanner technology, ATM displays an on-screen QR code scan and customer scans the code and can withdraw cash. The London's RBR Study 2020 also reveals that the number of ATMs equipped with these technologies increased by around 83% in the U.S. by 2019. Also, Ukraine and Poland are showing growth potential for ATMs equipped with NFC readers.

Also, biometric authentication is one of the latest innovation in the ATM industry. ATM manufacturers are offering ATMs with biometric identification. These methods include face recognition and palm screening methods for cash withdrawals at ATMs. For instance, in India, AGS Transact, one of the leading ATM managed services provider, developed touchless ATM solution that uses on-screen QR codes for cash withdrawal.

Asia Pacific held dominant position in the global ATM managed services market during the forecast period

Statistics:

Asia Pacific held dominant position in the global ATM managed services market in 2019, accounting for 33.3% share in terms of value, followed by North America, Europe and rest of the world.

Figure 1: Global ATM Managed Services Market Share (%), By Region, 2019

ATM Managed Services  | Coherent Market Insights

Asia-Pacific is expected to account for the largest market share during the forecast period. The adoption ATM managed services is expected to increase in China during the forecast period. This is owing to the increasing adoption of ATM devices in the country. According to Stratagem Market Insights analysis, in 2014, China overtook the U.S. ATM market with 750,775 units. As of 2018, the country had 924,177 registered ATMs, which is the highest number of ATMs (by number) in the world (country wise). Another factor contributing to the growth of the China ATM managed services market is rapid adoption of technology in the banking and finance sector. Many companies are collaborating with payment platforms to provide enhanced services to customers. For instance, customers can use the WeChat app, to withdraw cash from ATMs. Many mainstream banks such as Holdings plc., The Standard Bank of South Africa Limited, and others support WeChat services in China.

North America region is expected to exhibit highest growth during the forecast period, According to Stratagem Market Insights’ analysis, North America region is expected to be dominant in the global ATM managed service market during the forecast period. This is owing large network of ATMs in the U.S. and Canada. For instance, according to Bureau of Justice Statistics data, the U.S. had around 470,135 ATMs in 2018.

Furthermore, in the recent past, security concern for ATMs has increased in the U.S. For instance, in 2018, according to a report published by the Federal Reserve System, a central banking system of the U.S., there was a sharp growth in chip-authenticated card frauds, from 3.2% in 2015 to 26.4% in 2016. Therefore, due to security concerns, government of the U.S. increased ATM security and regulatory compliance, which needs to be fulfilled by the ATM

Cash Dispenser is expected to drive the market growth during the forecast period

Among ATM Type, Cash Dispenser segment is expected to hold dominant position in the global ATM managed services market during the forecast period. Cash dispenser is an uni-directional device wherein, cash is manually loaded and then dispensed to customers. Cash dispensers are commonly deployed at banks. Cash dispensers cost less as compared to other ATM types and perform only cash dispensing function. Cash dispensers can also be used in grocery stores, malls, etc.In developed countries, cash dispensers are replaced by more personalized machines with value added services. However, cash dispensers have high demand in emerging countries owing to its affordability.

Figure 2: Global ATM Managed Services Market Value (US$ Mn) Analysis and Forecast, 2017 - 2027

ATM Managed Services  | Coherent Market Insights

The global ATM managed services market was valued at US$ 6,005.9 Mn in 2019 and is expected to reach US$ 9,524.8 Mn by 2027 at a CAGR of 5.9% between 2020 and 2027.

Major players operating in the global ATM managed services market include FSS Tech (Financial Software & Systems Pvt. Ltd.), CashLink Global Systems Pvt. Ltd., Automated Transaction Delivery (ATM Worldwide), Fiserv, Inc. (First Data), Electronic Payment and Services Pvt. Ltd., CashTrans, Vocalink, QDS (Quality Data Systems), CMS Info Systems, NCR Corporation, TetraLink, Hitachi Payment Services Pvt. Ltd., LD Systems, Fiserv, Cardtronics.

As the cost of owning an Automatic Teller Machine (ATM) is increasing with evolving technology, and new compliant standards, demand for ATM managed services is increasing. ATM managed services help financial institutions maximize operational efficiency and improve performance. Financial institutions can outsource the entire ownership, management, and operation of ATMs. Furthermore, growing urbanization and population in emerging economies is expected to increase the number of ATMs deployed thus subsequently driving the ATM managed services market growth over the forecast period.

Market Dynamics

The demand for big data analytics in the banking sector is expected to drive market growth during the forecast period. The demand for data analytics is increasing in the financial industry. This is attributed to the latest technological advancements in ATMs and increase in banking transactions through video technology/remote teller technology. There is a significant increase in customer adoption of self-service channels, which, in turn, increases demand for data analytics in the ATM industry to understand consumer behavior and preferences. These tools are used by many companies to forecast demand and to provide good services to the consumers. For instance, in July 2017, DBS Bank Ltd. used analytic techniques such as cloud computing, artificial intelligence, and data analytics to make better decisions, forecast market trends, and provide good customer experience. Furthermore, financial institutions are deploying advanced data models to produce a wide range of customized statistics and are focused on customer satisfaction by analyzing their behaviors through advanced techniques. For instance, in October 2019, Diebold Nixdorf expanded its product portfolio with a new managed mobility service that provides real-time business analytics to get data insights and help in decision-making to optimize business processes and enhance consumer experience.

The rising usage of internet connected devices ATMs is also driving the market growth during the forecast period. The need to get smarter by integrating smart technologies such as near field communication (NFC) and QR codes to offer better experience to the smartphone users. This will mitigate fraud activities such as card skimming and card trapping. For instance, in September 2019, according to the data collected by the Reserve Bank of India (RBI), Indian banks lost 14.5 million due to theft and online fraud. Furthermore, the integration of ATM with smartphones offer many services to financial institutions such as save transactions for future reference, provide quick transactions from previous history, card less ATM access through mobile phones, and others, which helps financial institutions to be on par with digitalization.

Key features of the study:

  • This report provides in-depth analysis of the global ATM managed services market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global ATM managed services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include FSS Tech (Financial Software & Systems Pvt. Ltd.), CashLink Global Systems Pvt. Ltd., Automated Transaction Delivery (ATM Worldwide), Fiserv, Inc. (First Data), Electronic Payment and Services Pvt. Ltd., CashTrans, Vocalink, QDS (Quality Data Systems), CMS Info Systems, NCR Corporation, TetraLink, Hitachi Payment Services Pvt. Ltd., LD Systems, Fiserv, Cardtronics
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global ATM managed services market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ATM managed services market

Detailed Segmentation

  • Global ATM Managed Services Market, By ATM Type:
    • Conventional ATM/Bank ATM
    •  White Label ATM
    •  Brown Label ATM
    • Cash Dispenser
    •  Smart ATM
    • Others
  • Global ATM Managed Services Market, By Service:
    • Electronic Journal & Content Management System
    • ATM Service & Repair
      • First Line ATM Maintenance
      • Second Line ATM Maintenance
    • ATM Deposit Automation
    • ATM Transaction Processing
    • Cash Management
    • Software Maintenance
    • Cash Reconciliation Services
  • Global ATM Managed Services Market, By Region:
    • North America
      • By ATM Type:
        • Conventional ATM/Bank ATM
        •  White Label ATM
        •  Brown Label ATM
        • Cash Dispenser
        •  Smart ATM
        • Others
      • By Service:
        • Electronic Journal & Content Management System
        • ATM Service & Repair
          • First Line ATM Maintenance
          • Second Line ATM Maintenance
        • ATM Deposit Automation
        • ATM Transaction Processing
        • Cash Management
        • Software Maintenance
        • Cash Reconciliation Services
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Component:
      • By ATM Type:
        • Conventional ATM/Bank ATM
        •  White Label ATM
        •  Brown Label ATM
        • Cash Dispenser
        •  Smart ATM
        • Others
      • By Service:
        • Electronic Journal & Content Management System
        • ATM Service & Repair
          • First Line ATM Maintenance
          • Second Line ATM Maintenance
        • ATM Deposit Automation
        • ATM Transaction Processing
        • Cash Management
        • Software Maintenance
        • Cash Reconciliation Services
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By ATM Type:
        • Conventional ATM/Bank ATM
        •  White Label ATM
        •  Brown Label ATM
        • Cash Dispenser
        •  Smart ATM
        • Others
      • By Service:
        • Electronic Journal & Content Management System
        • ATM Service & Repair
          • First Line ATM Maintenance
          • Second Line ATM Maintenance
        • ATM Deposit Automation
        • ATM Transaction Processing
        • Cash Management
        • Software Maintenance
        • Cash Reconciliation Services
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By ATM Type:
        • Conventional ATM/Bank ATM
        •  White Label ATM
        •  Brown Label ATM
        • Cash Dispenser
        •  Smart ATM
        • Others
      • By Service:
        • Electronic Journal & Content Management System
        • ATM Service & Repair
          • First Line ATM Maintenance
          • Second Line ATM Maintenance
        • ATM Deposit Automation
        • ATM Transaction Processing
        • Cash Management
        • Software Maintenance
        • Cash Reconciliation Services
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By ATM Type:
        • Conventional ATM/Bank ATM
        •  White Label ATM
        •  Brown Label ATM
        • Cash Dispenser
        •  Smart ATM
        • Others
      • By Service:
        • Electronic Journal & Content Management System
        • ATM Service & Repair
          • First Line ATM Maintenance
          • Second Line ATM Maintenance
        • ATM Deposit Automation
        • ATM Transaction Processing
        • Cash Management
        • Software Maintenance
        • Cash Reconciliation Services
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • FSS Tech (Financial Software & Systems Pvt. Ltd.)*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • CashLink Global Systems Pvt. Ltd.
    • Automated Transaction Delivery (ATM Worldwide)
    • Fiserv, Inc. (First Data)
    • Electronic Payment and Services Pvt. Ltd.
    • CashTrans
    • Vocalink
    • QDS (Quality Data Systems)
    • CMS Info Systems
    • NCR Corporation
    • TetraLink
    • Hitachi Payment Services Pvt. Ltd.
    • LD Systems
    • Fiserv
    • Cardtronics

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By ATM Type
      • Market Snippet, By Service
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19
  4. Global ATM Managed Services Market, By ATM Type, 2020-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • Conventional ATM/Bank ATM
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • White Label ATM
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Brown Label ATM
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Cash Dispense
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Smart ATM
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global ATM Managed Services Market, By Service, 2020-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Segment Trends
    • Electronic Journal & Content Management System
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • ATM Service & Repair
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • First Line ATM Maintenance
        • Second Line ATM Maintenance
    • ATM Deposit Automation
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • ATM Transaction Processing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Cash Management
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Software Maintenance
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Cash Reconciliation Services
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global ATM Managed Services Market, By Region, 2020-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By ATM Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By ATM Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • U.K.
        • Germany
        • Spain
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By ATM Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By ATM Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By ATM Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country/Region, 2020 and 2027 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • FSS Tech (Financial Software & Systems Pvt. Ltd.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CashLink Global Systems Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Automated Transaction Delivery (ATM Worldwide)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fiserv, Inc. (First Data)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Electronic Payment and Services Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CashTrans
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Vocalink
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • QDS (Quality Data Systems)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CMS Info Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NCR Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TetraLink
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hitachi Payment Services Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LD Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fiserv
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cardtronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "ATM Managed Services Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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