Research Methodology on Digital Printing Market
Introduction
Digital printing is a process of printing digital images directly on any substrate without the need for traditional printing plates or any other additional steps needed for conventional printing. This technology uses digital files as a source and converts them into printed format. Consequently, it has gained immense popularity among printing companies in the current market.
The global digital printing market is anticipated to showcase a significant growth rate from 2023 to 2030. Factors such as rising demand for digital printing technology and growing applications of digital printing in packaging, commercial printing and publishing, along with increasing investment in the digital print sector are instrumental in driving the global digital printing industry. The digital printing market is majorly driven by its speciality applications in the printing industry in terms of providing full-colour digital image quality on various substrates such as paper, foil, fabric, plastics and more, which is more advanced and secure compared to traditional lithographic printing.
Research question
This research aims to explore the market growth of the digital printing industry and analyze the key driving factors contributing to it. Additionally, this research seeks to assess the potential opportunities and obstacles for the industry.
Objectives
- To understand the current market size and trends in the digital printing industry.
- To identify the key drivers contributing to the growth of the digital printing market.
- To analyze the potential opportunities and obstacles for the digital printing industry.
- To estimate the growth rate of the digital printing market from 2023 to 2030.
Research Methodology
For this research, a qualitative approach is adopted to collect data and analyze the market trends of the digital printing industry by using both primary and secondary sources to gather the data.
Primary Research
For the primary research, digital surveys and interviews of the stakeholders in digital printing firms, industry experts and customers are conducted. The digital surveys and interviews focus on understanding the opinion, awareness and usage of digital printing technology. The surveys are conducted through a survey platform available.
Additionally, semi-structured interviews are conducted with key decision-makers in digital printing firms and industry experts to gather their views and insights about the digital printing industry. These surveys and interviews help in drawing inferences about the current state of the digital printing industry, the key drivers and opportunities associated with it, as well as the major challenges faced by the industry players.
Secondary Research
In secondary research, the major reliance is on already available published research material such as industry reports, magazines, newspapers, journal articles, and public reports. These compelling sources help us in getting an insight into the current market size, industry trends and landscape, leading firms, technology trends, and challenges faced by the market players. Additionally, it also relies on various websites such as the World Bank, IMF, SEC, Trading Economics, OECD, etc., to gather data on the global sales and market share of digital printing firms.
Data Analysis
The collected data from both primary and secondary sources is scrutinized and analyzed using both qualitative and quantitative methods. Quantitative analysis is conducted using descriptive statistics such as mean and standard deviation for analyzing the survey results. Whereas, qualitative analysis is conducted through themes, categories and discourses. Several tools such as NVivo are used to design and analyze the interview data. Moreover, the collected data from both sources are triangulated for veracity and reliability.
Conclusion
This research provides comprehensive insights into the digital printing market and analyzes the factors contributing to its growth. Additionally, it provides a detailed analysis of potential opportunities and obstacles in the digital printing industry. Data collected from both primary and secondary sources are integrated and analyzed to draw an inference.