Key Insights
The Indonesian Courier, Express, and Parcel (CEP) market is projected to reach $6.4 billion by 2025, with a strong Compound Annual Growth Rate (CAGR) of 7.64% through 2033. This significant expansion is driven by the rapid growth of Indonesia's e-commerce sector, fueled by increasing internet and smartphone penetration, and a growing preference for online shopping, particularly among younger consumers. Expanding businesses across financial services, healthcare, and manufacturing also contribute to the demand for efficient logistics and supply chain management. The market benefits from diversified delivery options, including air and road transport, accommodating various shipment weights and enhancing accessibility. While regulatory challenges and regional infrastructure limitations present potential constraints, the market remains dynamic. The competitive environment features a mix of domestic and international players, with Business-to-Consumer (B2C) transactions forming a substantial segment, alongside growing Business-to-Business (B2B) and Consumer-to-Consumer (C2C) activities. Domestic shipments currently lead, but cross-border e-commerce is expected to drive international delivery growth. The emphasis on express delivery services aligns with consumer demands for speed and convenience.
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Indonesia Courier, Express, and Parcel (CEP) Market Market Size (In Billion)
The future outlook for the Indonesian CEP market is highly promising, necessitating continued investment in infrastructure development and operational efficiency to sustain growth. Strategic adoption of advanced technologies, such as real-time tracking and optimized routing, will be vital for enhancing service quality and competitiveness. Industry consolidation may also emerge as key players aim for expanded market reach. The ongoing development of robust logistics infrastructure, supported by government policies promoting e-commerce, will further accelerate the market's trajectory. The increasing adoption of digital payment solutions will also contribute to smoother transactions and broader market accessibility.
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Indonesia Courier, Express, and Parcel (CEP) Market Company Market Share
Indonesia Courier, Express, and Parcel (CEP) Market: A Comprehensive Report (2019-2033)
This report provides a detailed analysis of the Indonesian Courier, Express, and Parcel (CEP) market, covering the period from 2019 to 2033. It offers invaluable insights into market dynamics, competitive landscapes, and future growth potential, making it an essential resource for industry stakeholders, investors, and businesses operating within or seeking to enter this dynamic market. The report leverages extensive data analysis to provide actionable strategies and forecasts, ensuring informed decision-making.
Indonesia Courier, Express, and Parcel (CEP) Market Market Concentration & Innovation
The Indonesian CEP market exhibits a moderately concentrated landscape, with several major players commanding significant market share. PT Pos Indonesia (Persero), DHL Group, J&T Express, and FedEx are among the established leaders, although the market shows considerable dynamism with the emergence of numerous local and regional players. Precise market share data for 2024 is xx Million, but the overall trend indicates an increasingly competitive environment.
Innovation is a key driver in this market, fueled by the rapid growth of e-commerce and technological advancements. Companies are investing heavily in digital solutions, including improved tracking systems, automated sorting facilities, and mobile applications for enhanced customer experience. The regulatory framework, while evolving, plays a role in shaping the market, with government initiatives focusing on infrastructure development and logistics efficiency. Product substitution is limited, with the primary differentiators being speed, reliability, and price. M&A activity has been relatively active in recent years, although precise deal values are not publicly available for all transactions, with reported transactions in the xx Million range. End-user trends show a preference for faster and more reliable services, particularly in the B2C segment.
Indonesia Courier, Express, and Parcel (CEP) Market Industry Trends & Insights
The Indonesian CEP market has experienced robust growth in recent years, driven primarily by the burgeoning e-commerce sector. The compound annual growth rate (CAGR) from 2019 to 2024 is estimated at xx%, exceeding the regional average. This rapid expansion is fueled by increasing internet and smartphone penetration, rising disposable incomes, and a growing preference for online shopping among Indonesian consumers. Technological advancements, particularly in mobile technology and digital payments, have further facilitated this growth. Market penetration for CEP services remains high in urban areas but has significant expansion potential in rural regions as infrastructure improves. However, competitive dynamics are intense, with companies vying for market share through price wars, service enhancements, and strategic partnerships. The market is witnessing a shift towards more specialized services, such as same-day delivery and temperature-controlled transport, catering to the needs of specific industries. The market size in 2025 is estimated at xx Million.
Dominant Markets & Segments in Indonesia Courier, Express, and Parcel (CEP) Market
Leading Region/Segment: The dominant segment is B2C, fueled by the explosive growth of e-commerce. Java Island holds the largest market share due to high population density and economic activity.
Key Drivers:
- Economic Policies: Government initiatives supporting e-commerce and infrastructure development.
- Infrastructure: Investments in transportation networks (roads, airports) are improving delivery efficiency.
- E-commerce Boom: The exponential growth of online retail drives high demand for CEP services.
- Technological Advancements: Mobile apps, real-time tracking, and automated systems enhance efficiency and customer experience.
The B2C segment's dominance is a direct result of the rapid expansion of e-commerce in Indonesia. The strong growth in online shopping has created a significant demand for efficient and reliable delivery services, leading to the dominance of B2C over other segments. Meanwhile, Java Island's high population density and robust economic activity contribute significantly to the concentration of CEP services in this region.
Indonesia Courier, Express, and Parcel (CEP) Market Product Developments
Recent product innovations focus on enhancing speed, tracking capabilities, and customer convenience. This includes the introduction of mobile applications for order placement and tracking, the expansion of delivery networks to reach wider geographical areas, and the adoption of technology like radio-frequency identification (RFID) for improved package tracking. These advancements aim to improve efficiency, transparency, and overall customer satisfaction, addressing key market demands for faster, more reliable, and more convenient delivery services. The integration of AI and machine learning for optimized routing and delivery predictions is also emerging as a key competitive advantage.
Report Scope & Segmentation Analysis
This report segments the Indonesian CEP market across various parameters:
- Model: Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) – B2C demonstrates the highest growth projection.
- Shipment Weight: Light, Medium, Heavy – Medium weight shipments constitute the largest segment.
- Mode of Transport: Air, Road, Others – Road transport dominates due to cost-effectiveness and accessibility.
- End-User Industry: E-commerce, BFSI, Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others – E-commerce dominates the end-user industry segment.
- Destination: Domestic, International – Domestic shipments comprise the majority.
- Speed of Delivery: Express, Non-Express – Express delivery is a rapidly growing segment.
Each segment’s growth projection, market size, and competitive dynamics are analyzed in detail within the full report.
Key Drivers of Indonesia Courier, Express, and Parcel (CEP) Market Growth
The Indonesian CEP market is driven by a confluence of factors. The explosive growth of e-commerce is paramount, with increasing online shopping and a preference for home delivery. Technological advancements, such as improved tracking systems and mobile applications, enhance efficiency and customer experience. Government initiatives aimed at developing infrastructure and streamlining logistics processes further support market expansion. Rising disposable incomes and increasing internet and smartphone penetration also contribute significantly to this growth. The rapid expansion of the logistics sector in Indonesia is a key aspect of the nation's economy and growth story.
Challenges in the Indonesia Courier, Express, and Parcel (CEP) Market Sector
The Indonesian CEP market faces several challenges. Infrastructure limitations, particularly in remote areas, create logistical hurdles. Competition is fierce, leading to price wars and pressure on profit margins. Regulatory complexities and varying local regulations can hinder expansion efforts. Fluctuations in fuel prices add to operating costs. These factors exert considerable impact on the ability of companies to operate profitably and efficiently in this dynamic market.
Emerging Opportunities in Indonesia Courier, Express, and Parcel (CEP) Market
Opportunities abound in expanding into underserved rural markets, offering specialized services (e.g., cold chain logistics), and leveraging technological advancements like drone delivery for faster and more efficient services. The growing adoption of digital payment systems presents opportunities for enhanced transaction security and convenience. The increasing focus on sustainability also creates opportunities for CEP providers to offer eco-friendly delivery options. Expansion into related logistics services such as last-mile delivery and warehousing further presents a wide avenue for market growth.
Leading Players in the Indonesia Courier, Express, and Parcel (CEP) Market Market
- PT Pos Indonesia (Persero)
- SAP Express
- United Parcel Service of America Inc (UPS)
- PT Synergy First Logistics
- PT SiCepat Express Indonesia
- DHL Group
- J&T Express
- Grab Holdings Limited
- PT Lion Express
- PT Garuda Indonesia (Persero) TBK
- FedEx
- PT Repex Wahana (RPX)
- PT Citra Van Titipan Kilat
- PT Globalindo Dua Satu Express (21 Express)
- PT ID Express Logistik Indonesia
- PT Jalur Nugraha Ekakurir (JNE Express)
- PT Yapindo Transportama (PCP Express)
- PT Pandu Siwi Group (Pandu Logistics)
- PT Kereta Api Indonesia
- Ninja Logistics
Key Developments in Indonesia Courier, Express, and Parcel (CEP) Market Industry
- August 2023: SiCepat Ekspres partnered with Droper, expanding its drop-off points to 7,775 locations. This significantly enhances accessibility and convenience for customers.
- July 2023: RPX launched the RPX Superapp, providing a comprehensive logistics platform for enhanced customer convenience and business efficiency. This consolidates various services onto a single platform.
- March 2023: UPS partnered with Google Cloud to implement RFID tracking, improving package visibility and efficiency. This leverages technology to enhance operations and tracking capabilities.
Strategic Outlook for Indonesia Courier, Express, and Parcel (CEP) Market Market
The Indonesian CEP market holds immense potential for future growth, driven by sustained e-commerce expansion, increasing adoption of digital technologies, and continued infrastructure development. Companies that focus on innovation, operational efficiency, and customer experience will be best positioned to capitalize on this potential. Strategic partnerships and investments in technology will be crucial for sustained success in this competitive landscape. The market is poised for considerable expansion, and those who adapt to evolving customer demands and industry trends will thrive.
Indonesia Courier, Express, and Parcel (CEP) Market Segmentation
-
1. Destination
- 1.1. Domestic
- 1.2. International
-
2. Speed Of Delivery
- 2.1. Express
- 2.2. Non-Express
-
3. Model
- 3.1. Business-to-Business (B2B)
- 3.2. Business-to-Consumer (B2C)
- 3.3. Consumer-to-Consumer (C2C)
-
4. Shipment Weight
- 4.1. Heavy Weight Shipments
- 4.2. Light Weight Shipments
- 4.3. Medium Weight Shipments
-
5. Mode Of Transport
- 5.1. Air
- 5.2. Road
- 5.3. Others
-
6. End User Industry
- 6.1. E-Commerce
- 6.2. Financial Services (BFSI)
- 6.3. Healthcare
- 6.4. Manufacturing
- 6.5. Primary Industry
- 6.6. Wholesale and Retail Trade (Offline)
- 6.7. Others
Indonesia Courier, Express, and Parcel (CEP) Market Segmentation By Geography
- 1. Indonesia
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Indonesia Courier, Express, and Parcel (CEP) Market Regional Market Share
Geographic Coverage of Indonesia Courier, Express, and Parcel (CEP) Market
Indonesia Courier, Express, and Parcel (CEP) Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 7.64% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Exhibitions and Conferences are driving the market; Sports Events are driving the market growth
- 3.3. Market Restrains
- 3.3.1. Lack of Skilled Labor
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Indonesia Courier, Express, and Parcel (CEP) Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Destination
- 5.1.1. Domestic
- 5.1.2. International
- 5.2. Market Analysis, Insights and Forecast - by Speed Of Delivery
- 5.2.1. Express
- 5.2.2. Non-Express
- 5.3. Market Analysis, Insights and Forecast - by Model
- 5.3.1. Business-to-Business (B2B)
- 5.3.2. Business-to-Consumer (B2C)
- 5.3.3. Consumer-to-Consumer (C2C)
- 5.4. Market Analysis, Insights and Forecast - by Shipment Weight
- 5.4.1. Heavy Weight Shipments
- 5.4.2. Light Weight Shipments
- 5.4.3. Medium Weight Shipments
- 5.5. Market Analysis, Insights and Forecast - by Mode Of Transport
- 5.5.1. Air
- 5.5.2. Road
- 5.5.3. Others
- 5.6. Market Analysis, Insights and Forecast - by End User Industry
- 5.6.1. E-Commerce
- 5.6.2. Financial Services (BFSI)
- 5.6.3. Healthcare
- 5.6.4. Manufacturing
- 5.6.5. Primary Industry
- 5.6.6. Wholesale and Retail Trade (Offline)
- 5.6.7. Others
- 5.7. Market Analysis, Insights and Forecast - by Region
- 5.7.1. Indonesia
- 5.1. Market Analysis, Insights and Forecast - by Destination
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 PT Pos Indonesia (Persero)
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 SAP Express
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 United Parcel Service of America Inc (UPS
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 PT Synergy First Logistics
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 PT SiCepat Express Indonesia
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 DHL Group
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 J&T Express
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Grab Holdings Limited
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 PT Lion Express
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 PT Garuda Indonesia (Persero) TBK
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.11 FedEx
- 6.2.11.1. Overview
- 6.2.11.2. Products
- 6.2.11.3. SWOT Analysis
- 6.2.11.4. Recent Developments
- 6.2.11.5. Financials (Based on Availability)
- 6.2.12 PT Repex Wahana (RPX)
- 6.2.12.1. Overview
- 6.2.12.2. Products
- 6.2.12.3. SWOT Analysis
- 6.2.12.4. Recent Developments
- 6.2.12.5. Financials (Based on Availability)
- 6.2.13 PT Citra Van Titipan Kilat
- 6.2.13.1. Overview
- 6.2.13.2. Products
- 6.2.13.3. SWOT Analysis
- 6.2.13.4. Recent Developments
- 6.2.13.5. Financials (Based on Availability)
- 6.2.14 PT Globalindo Dua Satu Express (21 Express)
- 6.2.14.1. Overview
- 6.2.14.2. Products
- 6.2.14.3. SWOT Analysis
- 6.2.14.4. Recent Developments
- 6.2.14.5. Financials (Based on Availability)
- 6.2.15 PT ID Express Logistik Indonesia
- 6.2.15.1. Overview
- 6.2.15.2. Products
- 6.2.15.3. SWOT Analysis
- 6.2.15.4. Recent Developments
- 6.2.15.5. Financials (Based on Availability)
- 6.2.16 PT Jalur Nugraha Ekakurir (JNE Express)
- 6.2.16.1. Overview
- 6.2.16.2. Products
- 6.2.16.3. SWOT Analysis
- 6.2.16.4. Recent Developments
- 6.2.16.5. Financials (Based on Availability)
- 6.2.17 PT Yapindo Transportama (PCP Express)
- 6.2.17.1. Overview
- 6.2.17.2. Products
- 6.2.17.3. SWOT Analysis
- 6.2.17.4. Recent Developments
- 6.2.17.5. Financials (Based on Availability)
- 6.2.18 PT Pandu Siwi Group (Pandu Logistics)
- 6.2.18.1. Overview
- 6.2.18.2. Products
- 6.2.18.3. SWOT Analysis
- 6.2.18.4. Recent Developments
- 6.2.18.5. Financials (Based on Availability)
- 6.2.19 PT Kereta Api Indonesia
- 6.2.19.1. Overview
- 6.2.19.2. Products
- 6.2.19.3. SWOT Analysis
- 6.2.19.4. Recent Developments
- 6.2.19.5. Financials (Based on Availability)
- 6.2.20 Ninja Logistics
- 6.2.20.1. Overview
- 6.2.20.2. Products
- 6.2.20.3. SWOT Analysis
- 6.2.20.4. Recent Developments
- 6.2.20.5. Financials (Based on Availability)
- 6.2.1 PT Pos Indonesia (Persero)
List of Figures
- Figure 1: Indonesia Courier, Express, and Parcel (CEP) Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Indonesia Courier, Express, and Parcel (CEP) Market Share (%) by Company 2025
List of Tables
- Table 1: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Destination 2020 & 2033
- Table 2: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Speed Of Delivery 2020 & 2033
- Table 3: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Model 2020 & 2033
- Table 4: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Shipment Weight 2020 & 2033
- Table 5: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Mode Of Transport 2020 & 2033
- Table 6: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by End User Industry 2020 & 2033
- Table 7: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Region 2020 & 2033
- Table 8: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Destination 2020 & 2033
- Table 9: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Speed Of Delivery 2020 & 2033
- Table 10: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Model 2020 & 2033
- Table 11: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Shipment Weight 2020 & 2033
- Table 12: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Mode Of Transport 2020 & 2033
- Table 13: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by End User Industry 2020 & 2033
- Table 14: Indonesia Courier, Express, and Parcel (CEP) Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Indonesia Courier, Express, and Parcel (CEP) Market?
The projected CAGR is approximately 7.64%.
2. Which companies are prominent players in the Indonesia Courier, Express, and Parcel (CEP) Market?
Key companies in the market include PT Pos Indonesia (Persero), SAP Express, United Parcel Service of America Inc (UPS, PT Synergy First Logistics, PT SiCepat Express Indonesia, DHL Group, J&T Express, Grab Holdings Limited, PT Lion Express, PT Garuda Indonesia (Persero) TBK, FedEx, PT Repex Wahana (RPX), PT Citra Van Titipan Kilat, PT Globalindo Dua Satu Express (21 Express), PT ID Express Logistik Indonesia, PT Jalur Nugraha Ekakurir (JNE Express), PT Yapindo Transportama (PCP Express), PT Pandu Siwi Group (Pandu Logistics), PT Kereta Api Indonesia, Ninja Logistics.
3. What are the main segments of the Indonesia Courier, Express, and Parcel (CEP) Market?
The market segments include Destination, Speed Of Delivery, Model, Shipment Weight, Mode Of Transport, End User Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD 6.4 billion as of 2022.
5. What are some drivers contributing to market growth?
Exhibitions and Conferences are driving the market; Sports Events are driving the market growth.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
Lack of Skilled Labor.
8. Can you provide examples of recent developments in the market?
August 2023: SiCepat Ekspres joined the Droper agent partnership network (Drop Point Bersama), owned by PT Logitek Digital Nusantara (LDN). Through this collaboration, the SiCepat Ekspres drop-off service is now available at 7,775 Droper partnership network points.July 2023: In an effort to support the progress of online business and business as a whole, RPX has launched the RPX express delivery application (RPX Superapp). RPX launched this goods delivery application to create convenience for its customers and increase efficiency for business people in the process of sending their goods because various goods delivery services or logistics services are available in this application.March 2023: UPS entered a partnership with Google Cloud, where Google will help UPS by putting radio-frequency identification chips on packages to track them efficiently.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Indonesia Courier, Express, and Parcel (CEP) Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Indonesia Courier, Express, and Parcel (CEP) Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Indonesia Courier, Express, and Parcel (CEP) Market?
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Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence