Global Smart Label Market 2022-2030 by Component, Product Form, Technology (RFID, EAS, Sensing Label, NFC, ESL), Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity
- Report ID: 29692
- Date: Jun, 2022
- Pages: 169
- Category: Chemicals & Materials
Global smart label market will reach $27.39 billion by 2030, growing by 13.8% annually over 2020-2030 considering the impact of COVID-19 pandemic. The market is driven by the technological advancement, rising disposable household income, feasible real-time tracking of merchandise, and increasing demand for more security and anti-theft label.
Highlighted with 81 tables and 90 figures, this 169-page report “Global Smart Label Market 2020-2030 by Component, Product Form, Technology (RFID, EAS, Sensing Label, NFC, ESL), Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global smart label market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global smart label market in every aspect of the classification from perspectives of Component, Product Form, Technology, Application, Industry Vertical, and Region.
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Batteries
• Transceivers
• Microprocessors
• Memories
• Other Components
By Product Form, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Paper & Paperboard
• Foam Plastics
• Plastics and Others
Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• RFID
• Electronic Article Surveillance (EAS)
• Sensing Label
• NFC
• Electronic Shelf Label (ESL)
• Other Technologies
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Electronics and IT Asset
• Equipment
• Retail & Inventory Tracking
• Pallet
• Perishable Goods
• Other Applications
Based on Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Retail Industry
• Logistics and Transportation
• Healthcare and Pharmaceutical
• Manufacturing Industry
• Fast-moving Consumer Goods (FMCG)
• Automotive
• Aerospace
• Data Centers and Libraries
• Other Industries
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Component, Technology, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Avery Dennison Corporation
CCL Industries Inc.
Checkpoint Systems, Inc.
Displaydata Ltd.
Graphic Label, Inc.
Intermec Inc. (Honeywell International Inc.)
Invengo Information Technology Co., Ltd.
Muehlbauer Holding Ag & Co.
Sato Holdings Corp.
Scanbuy Inc.
Smartrac N.V.
Thin Film Electronics ASA
William Frick & Company
Zebra Technologies Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 25
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter’s Fiver Forces Analysis 37
3 Segmentation of Global Market by Component 41
3.1 Market Overview by Component 41
3.2 Batteries 43
3.3 Transceivers 44
3.4 Microprocessors 45
3.5 Memories 46
3.6 Other Components 47
4 Segmentation of Global Market by Product Form 48
4.1 Market Overview by Product Form 48
4.2 Paper & Paperboard 50
4.3 Foam Plastics 51
4.4 Plastics and Others 52
5 Segmentation of Global Market by Technology 53
5.1 Market Overview by Technology 53
5.2 RFID 55
5.3 Electronic Article Surveillance (EAS) 56
5.4 Sensing Label 57
5.5 NFC 58
5.6 Electronic Shelf Label (ESL) 59
5.7 Other Technologies 60
6 Segmentation of Global Market by Application 61
6.1 Market Overview by Application 61
6.2 Electronics and IT Asset 63
6.3 Equipment 64
6.4 Retail & Inventory Tracking 65
6.5 Pallet 66
6.6 Perishable Goods 67
6.7 Other Applications 68
7 Segmentation of Global Market by Industry Vertical 69
7.1 Market Overview by Industry Vertical 69
7.2 Retail Industry 71
7.3 Logistics and Transportation 72
7.4 Healthcare and Pharmaceutical 73
7.5 Manufacturing Industry 74
7.6 Fast-moving Consumer Goods (FMCG) 75
7.7 Automotive 76
7.8 Aerospace 77
7.9 Data Centers and Libraries 78
7.10 Other Industries 79
8 Segmentation of Global Market by Region 80
8.1 Geographic Market Overview 2019-2030 80
8.2 North America Market 2019-2030 by Country 84
8.2.1 Overview of North America Market 84
8.2.2 U.S. 88
8.2.3 Canada 91
8.2.4 Mexico 93
8.3 European Market 2019-2030 by Country 95
8.3.1 Overview of European Market 95
8.3.2 Germany 99
8.3.3 U.K. 101
8.3.4 France 103
8.3.5 Spain 105
8.3.6 Italy 107
8.3.7 Russia 109
8.3.8 Rest of European Market 111
8.4 Asia-Pacific Market 2019-2030 by Country 113
8.4.1 Overview of Asia-Pacific Market 113
8.4.2 Japan 117
8.4.3 China 120
8.4.4 Australia 122
8.4.5 India 124
8.4.6 South Korea 126
8.4.7 Rest of APAC Region 128
8.5 South America Market 2019-2030 by Country 130
8.5.1 Argentina 133
8.5.2 Brazil 135
8.5.3 Chile 137
8.5.4 Rest of South America Market 139
8.6 MEA Market 2019-2030 by Country 140
8.6.1 UAE 143
8.6.2 Saudi Arabia 145
8.6.3 South Africa 147
8.6.4 Other National Markets 149
9 Competitive Landscape 150
9.1 Overview of Key Vendors 150
9.2 New Product Launch, Partnership, Investment, and M&A 153
9.3 Company Profiles 154
Avery Dennison Corporation 154
CCL Industries Inc. 156
Checkpoint Systems, Inc. 157
Displaydata Ltd. 158
Graphic Label, Inc. 159
Intermec Inc. (Honeywell International Inc.) 160
Invengo Information Technology Co., Ltd. 161
Muehlbauer Holding Ag & Co. 162
Sato Holdings Corp. 163
Scanbuy Inc. 164
Smartrac N.V. 165
Thin Film Electronics ASA 166
William Frick & Company 167
Zebra Technologies Corporation 168
RELATED REPORTS 169
List of Tables
Table 1. Snapshot of Global Smart Label Market in Balanced Perspective, 2019-2030 19
Table 2. Growth Rate of World GDP, 2020-2022 23
Table 3. Main Product Trends and Market Opportunities in Global Smart Label Market 33
Table 4. Global Smart Label Market by Component, 2019-2030, $ mn 41
Table 5. Global Smart Label Market by Product Form, 2019-2030, $ mn 48
Table 6. Global Smart Label Market by Technology, 2019-2030, $ mn 53
Table 7. Global Smart Label Market by Application, 2019-2030, $ mn 61
Table 8. Global Smart Label Market by Industry Vertical, 2019-2030, $ mn 69
Table 9. Global Smart Label Market by Region, 2019-2030, $ mn 81
Table 10. Leading National Smart Label Market, 2019 and 2030F, $ mn 83
Table 11. North America Smart Label Market by Country, 2019-2030, $ mn 86
Table 12. U.S. Smart Label Market by Component, 2019-2030, $ mn 90
Table 13. U.S. Smart Label Market by Technology, 2019-2030, $ mn 90
Table 14. U.S. Smart Label Market by Industry Vertical, 2019-2030, $ mn 90
Table 15. Canada Smart Label Market by Component, 2019-2030, $ mn 92
Table 16. Canada Smart Label Market by Technology, 2019-2030, $ mn 92
Table 17. Canada Smart Label Market by Industry Vertical, 2019-2030, $ mn 92
Table 18. Mexico Smart Label Market by Component, 2019-2030, $ mn 94
Table 19. Mexico Smart Label Market by Technology, 2019-2030, $ mn 94
Table 20. Mexico Smart Label Market by Industry Vertical, 2019-2030, $ mn 94
Table 21. Europe Smart Label Market by Country, 2019-2030, $ mn 98
Table 22. Germany Smart Label Market by Component, 2019-2030, $ mn 100
Table 23. Germany Smart Label Market by Technology, 2019-2030, $ mn 100
Table 24. Germany Smart Label Market by Industry Vertical, 2019-2030, $ mn 100
Table 25. U.K. Smart Label Market by Component, 2019-2030, $ mn 102
Table 26. U.K. Smart Label Market by Technology, 2019-2030, $ mn 102
Table 27. U.K. Smart Label Market by Industry Vertical, 2019-2030, $ mn 102
Table 28. France Smart Label Market by Component, 2019-2030, $ mn 104
Table 29. France Smart Label Market by Technology, 2019-2030, $ mn 104
Table 30. France Smart Label Market by Industry Vertical, 2019-2030, $ mn 104
Table 31. Spain Smart Label Market by Component, 2019-2030, $ mn 106
Table 32. Spain Smart Label Market by Technology, 2019-2030, $ mn 106
Table 33. Spain Smart Label Market by Industry Vertical, 2019-2030, $ mn 106
Table 34. Italy Smart Label Market by Component, 2019-2030, $ mn 108
Table 35. Italy Smart Label Market by Technology, 2019-2030, $ mn 108
Table 36. Italy Smart Label Market by Industry Vertical, 2019-2030, $ mn 108
Table 37. Russia Smart Label Market by Component, 2019-2030, $ mn 110
Table 38. Russia Smart Label Market by Technology, 2019-2030, $ mn 110
Table 39. Russia Smart Label Market by Industry Vertical, 2019-2030, $ mn 110
Table 40. Smart Label Market in Rest of Europe by Country, 2019-2030, $ mn 112
Table 41. APAC Smart Label Market by Country, 2019-2030, $ mn 115
Table 42. Japan Smart Label Market by Component, 2019-2030, $ mn 119
Table 43. Japan Smart Label Market by Technology, 2019-2030, $ mn 119
Table 44. Japan Smart Label Market by Industry Vertical, 2019-2030, $ mn 119
Table 45. China Smart Label Market by Component, 2019-2030, $ mn 121
Table 46. China Smart Label Market by Technology, 2019-2030, $ mn 121
Table 47. China Smart Label Market by Industry Vertical, 2019-2030, $ mn 121
Table 48. Australia Smart Label Market by Component, 2019-2030, $ mn 123
Table 49. Australia Smart Label Market by Technology, 2019-2030, $ mn 123
Table 50. Australia Smart Label Market by Industry Vertical, 2019-2030, $ mn 123
Table 51. India Smart Label Market by Component, 2019-2030, $ mn 125
Table 52. India Smart Label Market by Technology, 2019-2030, $ mn 125
Table 53. India Smart Label Market by Industry Vertical, 2019-2030, $ mn 125
Table 54. South Korea Smart Label Market by Component, 2019-2030, $ mn 127
Table 55. South Korea Smart Label Market by Technology, 2019-2030, $ mn 127
Table 56. South Korea Smart Label Market by Industry Vertical, 2019-2030, $ mn 127
Table 57. Smart Label Market in Rest of APAC by Country/Region, 2019-2030, $ mn 129
Table 58. South America Smart Label Market by Country, 2019-2030, $ mn 132
Table 59. Argentina Smart Label Market by Component, 2019-2030, $ mn 134
Table 60. Argentina Smart Label Market by Technology, 2019-2030, $ mn 134
Table 61. Argentina Smart Label Market by Industry Vertical, 2019-2030, $ mn 134
Table 62. Brazil Smart Label Market by Component, 2019-2030, $ mn 136
Table 63. Brazil Smart Label Market by Technology, 2019-2030, $ mn 136
Table 64. Brazil Smart Label Market by Industry Vertical, 2019-2030, $ mn 136
Table 65. Chile Smart Label Market by Component, 2019-2030, $ mn 138
Table 66. Chile Smart Label Market by Technology, 2019-2030, $ mn 138
Table 67. Chile Smart Label Market by Industry Vertical, 2019-2030, $ mn 138
Table 68. MEA Smart Label Market by Country, 2019-2030, $ mn 142
Table 69. UAE Smart Label Market by Component, 2019-2030, $ mn 144
Table 70. UAE Smart Label Market by Technology, 2019-2030, $ mn 144
Table 71. UAE Smart Label Market by Industry Vertical, 2019-2030, $ mn 144
Table 72. Saudi Arabia Smart Label Market by Component, 2019-2030, $ mn 146
Table 73. Saudi Arabia Smart Label Market by Technology, 2019-2030, $ mn 146
Table 74. Saudi Arabia Smart Label Market by Industry Vertical, 2019-2030, $ mn 146
Table 75. South Africa Smart Label Market by Component, 2019-2030, $ mn 148
Table 76. South Africa Smart Label Market by Technology, 2019-2030, $ mn 148
Table 77. South Africa Smart Label Market by Industry Vertical, 2019-2030, $ mn 148
Table 78. Avery Dennison Corporation: Company Snapshot 154
Table 79. Avery Dennison Corporation: Business Segmentation 154
Table 80. Avery Dennison Corporation: Product Portfolio 155
Table 81. Avery Dennison Corporation: Revenue, 2018-2020, $ mn 155
List of Figures
Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 18
Figure 4. Global Smart Label Market, 2019-2030, $ mn 21
Figure 5. Impact of COVID-19 on Business 25
Figure 6. Primary Drivers and Impact Factors of Global Smart Label Market 27
Figure 7. Primary Restraints and Impact Factors of Global Smart Label Market 30
Figure 8. Investment Opportunity Analysis 34
Figure 9. Porter’s Fiver Forces Analysis of Global Smart Label Market 37
Figure 10. Breakdown of Global Smart Label Market by Component, 2019-2030, % of Revenue 42
Figure 11. Global Addressable Market Cap in 2021-2030 by Component, Value ($ mn) and Share (%) 42
Figure 12. Global Smart Label Market by Component: Batteries, 2019-2030, $ mn 43
Figure 13. Global Smart Label Market by Component: Transceivers, 2019-2030, $ mn 44
Figure 14. Global Smart Label Market by Component: Microprocessors, 2019-2030, $ mn 45
Figure 15. Global Smart Label Market by Component: Memories, 2019-2030, $ mn 46
Figure 16. Global Smart Label Market by Component: Other Components, 2019-2030, $ mn 47
Figure 17. Breakdown of Global Smart Label Market by Product Form, 2019-2030, % of Sales Revenue 49
Figure 18. Global Addressable Market Cap in 2021-2030 by Product Form, Value ($ mn) and Share (%) 49
Figure 19. Global Smart Label Market by Product Form: Paper & Paperboard, 2019-2030, $ mn 50
Figure 20. Global Smart Label Market by Product Form: Foam Plastics, 2019-2030, $ mn 51
Figure 21. Global Smart Label Market by Product Form: Plastics and Others, 2019-2030, $ mn 52
Figure 22. Breakdown of Global Smart Label Market by Technology, 2019-2030, % of Sales Revenue 54
Figure 23. Global Addressable Market Cap in 2021-2030 by Technology, Value ($ mn) and Share (%) 54
Figure 24. Global Smart Label Market by Technology: RFID, 2019-2030, $ mn 55
Figure 25. Global Smart Label Market by Technology: Electronic Article Surveillance (EAS), 2019-2030, $ mn 56
Figure 26. Global Smart Label Market by Technology: Sensing Label, 2019-2030, $ mn 57
Figure 27. Global Smart Label Market by Technology: NFC, 2019-2030, $ mn 58
Figure 28. Global Smart Label Market by Technology: Electronic Shelf Label (ESL), 2019-2030, $ mn 59
Figure 29. Global Smart Label Market by Technology: Other Technologies, 2019-2030, $ mn 60
Figure 30. Breakdown of Global Smart Label Market by Application, 2019-2030, % of Revenue 62
Figure 31. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 62
Figure 32. Global Smart Label Market by Application: Electronics and IT Asset, 2019-2030, $ mn 63
Figure 33. Global Smart Label Market by Application: Equipment, 2019-2030, $ mn 64
Figure 34. Global Smart Label Market by Application: Retail & Inventory Tracking, 2019-2030, $ mn 65
Figure 35. Global Smart Label Market by Application: Pallet, 2019-2030, $ mn 66
Figure 36. Global Smart Label Market by Application: Perishable Goods, 2019-2030, $ mn 67
Figure 37. Global Smart Label Market by Application: Other Applications, 2019-2030, $ mn 68
Figure 38. Breakdown of Global Smart Label Market by Industry Vertical, 2019-2030, % of Revenue 70
Figure 39. Global Addressable Market Cap in 2021-2030 by Industry Vertical, Value ($ mn) and Share (%) 70
Figure 40. Global Smart Label Market by Industry Vertical: Retail Industry, 2019-2030, $ mn 71
Figure 41. Global Smart Label Market by Industry Vertical: Logistics and Transportation, 2019-2030, $ mn 72
Figure 42. Global Smart Label Market by Industry Vertical: Healthcare and Pharmaceutical, 2019-2030, $ mn 73
Figure 43. Global Smart Label Market by Industry Vertical: Manufacturing Industry, 2019-2030, $ mn 74
Figure 44. Global Smart Label Market by Industry Vertical: Fast-moving Consumer Goods (FMCG) , 2019-2030, $ mn 75
Figure 45. Global Smart Label Market by Industry Vertical: Automotive, 2019-2030, $ mn 76
Figure 46. Global Smart Label Market by Industry Vertical: Aerospace, 2019-2030, $ mn 77
Figure 47. Global Smart Label Market by Industry Vertical: Data Centers and Libraries, 2019-2030, $ mn 78
Figure 48. Global Smart Label Market by Industry Vertical: Other Industries, 2019-2030, $ mn 79
Figure 49. Global Market Snapshot by Region 80
Figure 50. Geographic Spread of Worldwide Smart Label Market, 2019-2030, % of Sales Revenue 81
Figure 51. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 82
Figure 52. North American Smart Label Market, 2019-2030, $ mn 85
Figure 53. Breakdown of North America Smart Label Market by Country, 2019 and 2030, % of Revenue 86
Figure 54. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 87
Figure 55. U.S. Smart Label Market, 2019-2030, $ mn 89
Figure 56. Canada Smart Label Market, 2019-2030, $ mn 91
Figure 57. Smart Label Market in Mexico, 2019-2030, $ mn 93
Figure 58. European Smart Label Market, 2019-2030, $ mn 96
Figure 59. Breakdown of European Smart Label Market by Country, 2019 and 2030, % of Revenue 97
Figure 60. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 98
Figure 61. Smart Label Market in Germany, 2019-2030, $ mn 99
Figure 62. Smart Label Market in U.K., 2019-2030, $ mn 101
Figure 63. Smart Label Market in France, 2019-2030, $ mn 103
Figure 64. Smart Label Market in Spain, 2019-2030, $ mn 105
Figure 65. Smart Label Market in Italy, 2019-2030, $ mn 107
Figure 66. Smart Label Market in Russia, 2019-2030, $ mn 109
Figure 67. Smart Label Market in Rest of Europe, 2019-2030, $ mn 111
Figure 68. Asia-Pacific Smart Label Market, 2019-2030, $ mn 114
Figure 69. Breakdown of APAC Smart Label Market by Country, 2019 and 2030, % of Revenue 114
Figure 70. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 116
Figure 71. Smart Label Market in Japan, 2019-2030, $ mn 118
Figure 72. Smart Label Market in China, 2019-2030, $ mn 120
Figure 73. Smart Label Market in Australia, 2019-2030, $ mn 122
Figure 74. Smart Label Market in India, 2019-2030, $ mn 124
Figure 75. Smart Label Market in South Korea, 2019-2030, $ mn 126
Figure 76. Smart Label Market in Rest of APAC, 2019-2030, $ mn 128
Figure 77. South America Smart Label Market, 2019-2030, $ mn 131
Figure 78. Breakdown of South America Smart Label Market by Country, 2019 and 2030, % of Revenue 131
Figure 79. Contribution to South America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 132
Figure 80. Smart Label Market in Argentina, 2019-2030, $ mn 133
Figure 81. Smart Label Market in Brazil, 2019-2030, $ mn 135
Figure 82. Smart Label Market in Chile, 2019-2030, $ mn 137
Figure 83. Smart Label Market in Rest of South America, 2019-2030, $ mn 139
Figure 84. Smart Label Market in Middle East and Africa (MEA), 2019-2030, $ mn 141
Figure 85. Breakdown of MEA Smart Label Market by Country, 2019 and 2030, % of Revenue 141
Figure 86. Contribution to MEA 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 142
Figure 87. Smart Label Market in UAE, 2019-2030, $ mn 143
Figure 88. Smart Label Market in Saudi Arabia, 2019-2030, $ mn 145
Figure 89. Smart Label Market in South Africa, 2019-2030, $ mn 147
Figure 90. Growth Stage of Global Smart Label Industry over the Forecast Period 150
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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