Human Capital Management (HCM) transforms the traditional administrative functions of human resources (HR) departments—recruiting, training, payroll, compensation, and performance management—into opportunities to drive engagement, productivity, and business value.

This report elaborates the market size, market characteristics, and market growth of the Human Capital Management (HCM) & Payroll industry, and breaks down according to the type, application, and consumption area of Human Capital Management (HCM) & Payroll. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Human Capital Management (HCM) & Payroll in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.

In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.

Key players in the global Human Capital Management (HCM) & Payroll market covered in Chapter 13:

Workday, Inc.

Ultimate Software Group, Inc.

Ceridian HCM, Inc.

Oracle

Kronos Incorporated

IBM Corporation

SAP SE

ADP

In Chapter 6, on the basis of types, the Human Capital Management (HCM) & Payroll market from 2015 to 2025 is primarily split into:

Large enterprise

SME

In Chapter 7, on the basis of applications, the Human Capital Management (HCM) & Payroll market from 2015 to 2025 covers:

Manufacturing

Energy & utilities

Consumer goods & retail

Healthcare

Transportation

Telecom & IT

BFSI

Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:

United States

Europe

China

Japan

India

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:

North America (Covered in Chapter 8)

United States

Canada

Mexico

Europe (Covered in Chapter 9)

Germany

UK

France

Italy

Spain

Others

Asia-Pacific (Covered in Chapter 10)

China

Japan

India

South Korea

Southeast Asia

Others

Middle East and Africa (Covered in Chapter 11)

Saudi Arabia

UAE

South Africa

Others

South America (Covered in Chapter 12)

Brazil

Others

Years considered for this report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2020-2025

Table of Content

1 Human Capital Management (HCM) & Payroll Market - Research Scope

1.1 Study Goals

1.2 Market Definition and Scope

1.3 Key Market Segments

1.4 Study and Forecasting Years

2 Human Capital Management (HCM) & Payroll Market - Research Methodology

2.1 Methodology

2.2 Research Data Source

2.2.1 Secondary Data

2.2.2 Primary Data

2.2.3 Market Size Estimation

2.2.4 Legal Disclaimer

3 Human Capital Management (HCM) & Payroll Market Forces

3.1 Global Human Capital Management (HCM) & Payroll Market Size

3.2 Top Impacting Factors (PESTEL Analysis)

3.2.1 Political Factors

3.2.2 Economic Factors

3.2.3 Social Factors

3.2.4 Technological Factors

3.2.5 Environmental Factors

3.2.6 Legal Factors

3.3 Industry Trend Analysis

3.4 Industry Trends Under COVID-19

3.4.1 Risk Assessment on COVID-19

3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry

3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario

3.5 Industry Risk Assessment

4 Human Capital Management (HCM) & Payroll Market - By Geography

4.1 Global Human Capital Management (HCM) & Payroll Market Value and Market Share by Regions

4.1.1 Global Human Capital Management (HCM) & Payroll Value ($) by Region (2015-2020)

4.1.2 Global Human Capital Management (HCM) & Payroll Value Market Share by Regions (2015-2020)

4.2 Global Human Capital Management (HCM) & Payroll Market Production and Market Share by Major Countries

4.2.1 Global Human Capital Management (HCM) & Payroll Production by Major Countries (2015-2020)

4.2.2 Global Human Capital Management (HCM) & Payroll Production Market Share by Major Countries (2015-2020)

4.3 Global Human Capital Management (HCM) & Payroll Market Consumption and Market Share by Regions

4.3.1 Global Human Capital Management (HCM) & Payroll Consumption by Regions (2015-2020)

4.3.2 Global Human Capital Management (HCM) & Payroll Consumption Market Share by Regions (2015-2020)

5 Human Capital Management (HCM) & Payroll Market - By Trade Statistics

5.1 Global Human Capital Management (HCM) & Payroll Export and Import

5.2 United States Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

5.3 Europe Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

5.4 China Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

5.5 Japan Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

5.6 India Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

5.7

6 Human Capital Management (HCM) & Payroll Market - By Type

6.1 Global Human Capital Management (HCM) & Payroll Production and Market Share by Types (2015-2020)

6.1.1 Global Human Capital Management (HCM) & Payroll Production by Types (2015-2020)

6.1.2 Global Human Capital Management (HCM) & Payroll Production Market Share by Types (2015-2020)

6.2 Global Human Capital Management (HCM) & Payroll Value and Market Share by Types (2015-2020)

6.2.1 Global Human Capital Management (HCM) & Payroll Value by Types (2015-2020)

6.2.2 Global Human Capital Management (HCM) & Payroll Value Market Share by Types (2015-2020)

6.3 Global Human Capital Management (HCM) & Payroll Production, Price and Growth Rate of Large enterprise (2015-2020)

6.4 Global Human Capital Management (HCM) & Payroll Production, Price and Growth Rate of SME (2015-2020)

7 Human Capital Management (HCM) & Payroll Market - By Application

7.1 Global Human Capital Management (HCM) & Payroll Consumption and Market Share by Applications (2015-2020)

7.1.1 Global Human Capital Management (HCM) & Payroll Consumption by Applications (2015-2020)

7.1.2 Global Human Capital Management (HCM) & Payroll Consumption Market Share by Applications (2015-2020)

7.2 Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate of Manufacturing (2015-2020)

7.3 Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate of Energy & utilities (2015-2020)

7.4 Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate of Consumer goods & retail (2015-2020)

7.5 Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate of Healthcare (2015-2020)

7.6 Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate of Transportation (2015-2020)

7.7 Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate of Telecom & IT (2015-2020)

7.8 Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate of BFSI (2015-2020)

8 North America Human Capital Management (HCM) & Payroll Market

8.1 North America Human Capital Management (HCM) & Payroll Market Size

8.2 United States Human Capital Management (HCM) & Payroll Market Size

8.3 Canada Human Capital Management (HCM) & Payroll Market Size

8.4 Mexico Human Capital Management (HCM) & Payroll Market Size

8.5 The Influence of COVID-19 on North America Market

9 Europe Human Capital Management (HCM) & Payroll Market Analysis

9.1 Europe Human Capital Management (HCM) & Payroll Market Size

9.2 Germany Human Capital Management (HCM) & Payroll Market Size

9.3 United Kingdom Human Capital Management (HCM) & Payroll Market Size

9.4 France Human Capital Management (HCM) & Payroll Market Size

9.5 Italy Human Capital Management (HCM) & Payroll Market Size

9.6 Spain Human Capital Management (HCM) & Payroll Market Size

9.7 The Influence of COVID-19 on Europe Market

10 Asia-Pacific Human Capital Management (HCM) & Payroll Market Analysis

10.1 Asia-Pacific Human Capital Management (HCM) & Payroll Market Size

10.2 China Human Capital Management (HCM) & Payroll Market Size

10.3 Japan Human Capital Management (HCM) & Payroll Market Size

10.4 South Korea Human Capital Management (HCM) & Payroll Market Size

10.5 Southeast Asia Human Capital Management (HCM) & Payroll Market Size

10.6 India Human Capital Management (HCM) & Payroll Market Size

10.7 The Influence of COVID-19 on Asia Pacific Market

11 Middle East and Africa Human Capital Management (HCM) & Payroll Market Analysis

11.1 Middle East and Africa Human Capital Management (HCM) & Payroll Market Size

11.2 Saudi Arabia Human Capital Management (HCM) & Payroll Market Size

11.3 UAE Human Capital Management (HCM) & Payroll Market Size

11.4 South Africa Human Capital Management (HCM) & Payroll Market Size

11.5 The Influence of COVID-19 on Middle East and Africa Market

12 South America Human Capital Management (HCM) & Payroll Market Analysis

12.1 South America Human Capital Management (HCM) & Payroll Market Size

12.2 Brazil Human Capital Management (HCM) & Payroll Market Size

12.3 The Influence of COVID-19 on South America Market

13 Company Profiles

13.1 Workday, Inc.

13.1.1 Workday, Inc. Basic Information

13.1.2 Workday, Inc. Product Profiles, Application and Specification

13.1.3 Workday, Inc. Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

13.2 Ultimate Software Group, Inc.

13.2.1 Ultimate Software Group, Inc. Basic Information

13.2.2 Ultimate Software Group, Inc. Product Profiles, Application and Specification

13.2.3 Ultimate Software Group, Inc. Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

13.3 Ceridian HCM, Inc.

13.3.1 Ceridian HCM, Inc. Basic Information

13.3.2 Ceridian HCM, Inc. Product Profiles, Application and Specification

13.3.3 Ceridian HCM, Inc. Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

13.4 Oracle

13.4.1 Oracle Basic Information

13.4.2 Oracle Product Profiles, Application and Specification

13.4.3 Oracle Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

13.5 Kronos Incorporated

13.5.1 Kronos Incorporated Basic Information

13.5.2 Kronos Incorporated Product Profiles, Application and Specification

13.5.3 Kronos Incorporated Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

13.6 IBM Corporation

13.6.1 IBM Corporation Basic Information

13.6.2 IBM Corporation Product Profiles, Application and Specification

13.6.3 IBM Corporation Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

13.7 SAP SE

13.7.1 SAP SE Basic Information

13.7.2 SAP SE Product Profiles, Application and Specification

13.7.3 SAP SE Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

13.8 ADP

13.8.1 ADP Basic Information

13.8.2 ADP Product Profiles, Application and Specification

13.8.3 ADP Human Capital Management (HCM) & Payroll Market Performance (2015-2020)

14 Market Forecast - By Regions

14.1 North America Human Capital Management (HCM) & Payroll Market Forecast (2020-2025)

14.2 Europe Human Capital Management (HCM) & Payroll Market Forecast (2020-2025)

14.3 Asia-Pacific Human Capital Management (HCM) & Payroll Market Forecast (2020-2025)

14.4 Middle East and Africa Human Capital Management (HCM) & Payroll Market Forecast (2020-2025)

14.5 South America Human Capital Management (HCM) & Payroll Market Forecast (2020-2025)

15 Market Forecast - By Type and Applications

15.1 Global Human Capital Management (HCM) & Payroll Market Forecast by Types (2020-2025)

15.1.1 Global Human Capital Management (HCM) & Payroll Market Forecast Production and Market Share by Types (2020-2025)

15.1.2 Global Human Capital Management (HCM) & Payroll Market Forecast Value and Market Share by Types (2020-2025)

15.2 Global Human Capital Management (HCM) & Payroll Market Forecast by Applications (2020-2025)

List of Tables and Figures

Figure Human Capital Management (HCM) & Payroll Picture

Table Human Capital Management (HCM) & Payroll Key Market Segments

Figure Study and Forecasting Years

Figure Global Human Capital Management (HCM) & Payroll Market Size and Growth Rate 2015-2025

Figure Industry PESTEL Analysis

Figure Global COVID-19 Status

Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19

Figure Global Human Capital Management (HCM) & Payroll Value ($) and Growth Rate (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Value ($) by Countries (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Value Market Share by Regions (2015-2020)

Figure Global Human Capital Management (HCM) & Payroll Value Market Share by Regions in 2019

Figure Global Human Capital Management (HCM) & Payroll Production and Growth Rate (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Production by Major Countries (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Production Market Share by Major Countries (2015-2020)

Figure Global Human Capital Management (HCM) & Payroll Production Market Share by Regions in 2019

Figure Global Human Capital Management (HCM) & Payroll Consumption and Growth Rate (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Consumption by Regions (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Consumption Market Share by Regions (2015-2020)

Figure Global Human Capital Management (HCM) & Payroll Consumption Market Share by Regions in 2019

Table Global Human Capital Management (HCM) & Payroll Export Top 3 Country 2019

Table Global Human Capital Management (HCM) & Payroll Import Top 3 Country 2019

Table United States Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

Table Europe Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

Table China Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

Table Japan Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

Table India Human Capital Management (HCM) & Payroll Export and Import (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Production by Types (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Production Market Share by Types (2015-2020)

Figure Global Human Capital Management (HCM) & Payroll Production Share by Type (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Value by Types (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Value Market Share by Types (2015-2020)

Figure Global Human Capital Management (HCM) & Payroll Value Share by Type (2015-2020)

Figure Global Large enterprise Production and Growth Rate (2015-2020)

Figure Global Large enterprise Price (2015-2020)

Figure Global SME Production and Growth Rate (2015-2020)

Figure Global SME Price (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Consumption by Applications (2015-2020)

Table Global Human Capital Management (HCM) & Payroll Consumption Market Share by Applications (2015-2020)

Figure Global Human Capital Management (HCM) & Payroll Consumption Share by Application (2015-2020)

Figure Global Manufacturing Consumption and Growth Rate (2015-2020)

Figure Global Energy & utilities Consumption and Growth Rate (2015-2020)

Figure Global Consumer goods & retail Consumption and Growth Rate (2015-2020)

Figure Global Healthcare Consumption and Growth Rate (2015-2020)

Figure Global Transportation Consumption and Growth Rate (2015-2020)

Figure Global Telecom & IT Consumption and Growth Rate (2015-2020)

Figure Global BFSI Consumption and Growth Rate (2015-2020)

Figure North America Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Table North America Human Capital Management (HCM) & Payroll Consumption by Countries (2015-2020)

Table North America Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure North America Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure United States Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Canada Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Mexico Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure North America COVID-19 Status

Figure Europe Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Table Europe Human Capital Management (HCM) & Payroll Consumption by Countries (2015-2020)

Table Europe Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure Europe Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure Germany Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure United Kingdom Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure France Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Italy Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Spain Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Europe COVID-19 Status

Figure Asia-Pacific Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Table Asia-Pacific Human Capital Management (HCM) & Payroll Consumption by Countries (2015-2020)

Table Asia-Pacific Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure Asia-Pacific Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure China Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Japan Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure South Korea Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Southeast Asia Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure India Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure Asia Pacific COVID-19 Status

Figure Middle East and Africa Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Table Middle East and Africa Human Capital Management (HCM) & Payroll Consumption by Countries (2015-2020)

Table Middle East and Africa Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure Middle East and Africa Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure Saudi Arabia Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure UAE Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure South Africa Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Figure South America Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Table South America Human Capital Management (HCM) & Payroll Consumption by Countries (2015-2020)

Table South America Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure South America Human Capital Management (HCM) & Payroll Consumption Market Share by Countries (2015-2020)

Figure Brazil Human Capital Management (HCM) & Payroll Market Consumption and Growth Rate (2015-2020)

Table Workday, Inc. Company Profile

Table Workday, Inc. Production, Value, Price, Gross Margin 2015-2020

Figure Workday, Inc. Production and Growth Rate

Figure Workday, Inc. Value ($) Market Share 2015-2020

Table Ultimate Software Group, Inc. Company Profile

Table Ultimate Software Group, Inc. Production, Value, Price, Gross Margin 2015-2020

Figure Ultimate Software Group, Inc. Production and Growth Rate

Figure Ultimate Software Group, Inc. Value ($) Market Share 2015-2020

Table Ceridian HCM, Inc. Company Profile

Table Ceridian HCM, Inc. Production, Value, Price, Gross Margin 2015-2020

Figure Ceridian HCM, Inc. Production and Growth Rate

Figure Ceridian HCM, Inc. Value ($) Market Share 2015-2020

Table Oracle Company Profile

Table Oracle Production, Value, Price, Gross Margin 2015-2020

Figure Oracle Production and Growth Rate

Figure Oracle Value ($) Market Share 2015-2020

Table Kronos Incorporated Company Profile

Table Kronos Incorporated Production, Value, Price, Gross Margin 2015-2020

Figure Kronos Incorporated Production and Growth Rate

Figure Kronos Incorporated Value ($) Market Share 2015-2020

Table IBM Corporation Company Profile

Table IBM Corporation Production, Value, Price, Gross Margin 2015-2020

Figure IBM Corporation Production and Growth Rate

Figure IBM Corporation Value ($) Market Share 2015-2020

Table SAP SE Company Profile

Table SAP SE Production, Value, Price, Gross Margin 2015-2020

Figure SAP SE Production and Growth Rate

Figure SAP SE Value ($) Market Share 2015-2020

Table ADP Company Profile

Table ADP Production, Value, Price, Gross Margin 2015-2020

Figure ADP Production and Growth Rate

Figure ADP Value ($) Market Share 2015-2020

Figure North America Market Consumption and Growth Rate Forecast (2020-2025)

Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)

Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)

Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)

Figure South America Market Consumption and Growth Rate Forecast (2020-2025)

Table Global Human Capital Management (HCM) & Payroll Market Forecast Production by Types (2020-2025)

Table Global Human Capital Management (HCM) & Payroll Market Forecast Production Share by Types (2020-2025)

Table Global Human Capital Management (HCM) & Payroll Market Forecast Value ($) by Types (2020-2025)

Table Global Human Capital Management (HCM) & Payroll Market Forecast Value Share by Types (2020-2025)

Table Global Human Capital Management (HCM) & Payroll Market Forecast Consumption by Applications (2020-2025)

Table Global Human Capital Management (HCM) & Payroll Market Forecast Consumption Share by Applications (2020-2025)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)