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レポート概要
本調査レポートでは、コミッショントラッカーの世界市場を広く調査・分析し、今後の市場展望をまとめております。コミッショントラッカーの種類別市場規模(クラウドベース、オンプレミス)、用途別市場規模(中小企業、大企業)、地域別市場規模(北米、アメリカ、ヨーロッパ、アジア、中国、日本、東南アジア、南米、中東、アフリカなど)、市場動向、企業別販売量と市場シェアなどの情報を掲載しています。 ・市場概要 ・企業情報(販売量、市場シェア、製品概要、SWOT分析):Blitz、Spiff、NextAgency、Performio、Iconixx、Commissionly、Xactly、Pipedrive、Qcommission、CallidusCloud ・地域別グローバル市場分析 2015年-2020年 ・コミッショントラッカーの北米市場(アメリカ、カナダ、メキシコ) ・コミッショントラッカーのヨーロッパ市場(ドイツ、イギリス、フランス、ロシア、イタリア) ・コミッショントラッカーのアジア市場(中国、日本、韓国、インド、東南アジア、オーストラリア) ・コミッショントラッカーの南米市場(ブラジル、アルゼンチン) ・コミッショントラッカーの中東・アフリカ市場(サウジアラビア、トルコ、エジプト、南アフリカ) ・種類別分析:クラウドベース、オンプレミス ・用途別分析:中小企業、大企業 ・地域別市場規模予測 2021年-2025年 ・調査の結果・結論 |
Market Overview
The Commission Tracker market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
The global Commission Tracker market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx%% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.
Market segmentation
Commission Tracker market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
By Type, Commission Tracker market has been segmented into:
Cloud-based
On-premises
By Application, Commission Tracker has been segmented into:
Small and Medium Enterprises (SMEs)
Large Enterprises
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the global Commission Tracker market presented in the report. This section sheds light on the sales growth of different regional and country-level Commission Tracker markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Commission Tracker market.
The report offers in-depth assessment of the growth and other aspects of the Commission Tracker market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Competitive Landscape and Commission Tracker Market Share Analysis
Commission Tracker competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Commission Tracker sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Commission Tracker sales, revenue and market share for each player covered in this report.
The major players covered in Commission Tracker are:
Blitz
Spiff
NextAgency
Performio
Iconixx
Commissionly
Xactly
Pipedrive
Qcommission
CallidusCloud
Among other players domestic and global, Commission Tracker market share data is available for global, North America, Europe, Asia-Pacific, Middle East & Africa and South America separately. Global Info Research analysts understand competitive strengths and provide competitive analysis for each competitor separately.
1 Commission Tracker Market Overview
1.1 Product Overview and Scope of Commission Tracker
1.2 Classification of Commission Tracker by Type
1.2.1 Global Commission Tracker Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Global Commission Tracker Revenue Market Share by Type in 2019
1.2.3 Cloud-based
1.2.4 On-premises
1.3 Global Commission Tracker Market by Application
1.3.1 Overview: Global Commission Tracker Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 Small and Medium Enterprises (SMEs)
1.3.3 Large Enterprises
1.4 Global Commission Tracker Market by Regions
1.4.1 Global Commission Tracker Market Size by Regions: 2015 VS 2019 VS 2025
1.4.2 Global Market Size of Commission Tracker (2015-2025)
1.4.3 North America (USA, Canada and Mexico) Commission Tracker Status and Prospect (2015-2025)
1.4.4 Europe (Germany, France, UK, Russia and Italy) Commission Tracker Status and Prospect (2015-2025)
1.4.5 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Commission Tracker Status and Prospect (2015-2025)
1.4.6 South America (Brazil, Argentina, Colombia) Commission Tracker Status and Prospect (2015-2025)
1.4.7 Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Commission Tracker Status and Prospect (2015-2025)
2 Company Profiles
2.1 Blitz
2.1.1 Blitz Details
2.1.2 Blitz Major Business
2.1.3 Blitz SWOT Analysis
2.1.4 Blitz Product and Services
2.1.5 Blitz Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.2 Spiff
2.2.1 Spiff Details
2.2.2 Spiff Major Business
2.2.3 Spiff SWOT Analysis
2.2.4 Spiff Product and Services
2.2.5 Spiff Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.3 NextAgency
2.3.1 NextAgency Details
2.3.2 NextAgency Major Business
2.3.3 NextAgency SWOT Analysis
2.3.4 NextAgency Product and Services
2.3.5 NextAgency Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.4 Performio
2.4.1 Performio Details
2.4.2 Performio Major Business
2.4.3 Performio SWOT Analysis
2.4.4 Performio Product and Services
2.4.5 Performio Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.5 Iconixx
2.5.1 Iconixx Details
2.5.2 Iconixx Major Business
2.5.3 Iconixx SWOT Analysis
2.5.4 Iconixx Product and Services
2.5.5 Iconixx Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.6 Commissionly
2.6.1 Commissionly Details
2.6.2 Commissionly Major Business
2.6.3 Commissionly Product and Services
2.6.4 Commissionly Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.7 Xactly
2.7.1 Xactly Details
2.7.2 Xactly Major Business
2.7.3 Xactly Product and Services
2.7.4 Xactly Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.8 Pipedrive
2.8.1 Pipedrive Details
2.8.2 Pipedrive Major Business
2.8.3 Pipedrive Product and Services
2.8.4 Pipedrive Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.9 Qcommission
2.9.1 Qcommission Details
2.9.2 Qcommission Major Business
2.9.3 Qcommission Product and Services
2.9.4 Qcommission Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
2.10 CallidusCloud
2.10.1 CallidusCloud Details
2.10.2 CallidusCloud Major Business
2.10.3 CallidusCloud Product and Services
2.10.4 CallidusCloud Commission Tracker Revenue, Gross Margin and Market Share (2018-2019)
3 Market Competition, by Players
3.1 Global Commission Tracker Revenue and Share by Players (2015-2020)
3.2 Market Concentration Rate
3.2.1 Top 5 Commission Tracker Players Market Share
3.2.2 Top 10 Commission Tracker Players Market Share
3.3 Market Competition Trend
4 Market Size by Regions
4.1 Global Commission Tracker Revenue and Market Share by Regions
4.2 North America Commission Tracker Revenue and Growth Rate (2015-2020)
4.3 Europe Commission Tracker Revenue and Growth Rate (2015-2020)
4.4 Asia-Pacific Commission Tracker Revenue and Growth Rate (2015-2020)
4.5 South America Commission Tracker Revenue and Growth Rate (2015-2020)
4.6 Middle East & Africa Commission Tracker Revenue and Growth Rate (2015-2020)
5 North America Commission Tracker Revenue by Countries
5.1 North America Commission Tracker Revenue by Countries (2015-2020)
5.2 USA Commission Tracker Revenue and Growth Rate (2015-2020)
5.3 Canada Commission Tracker Revenue and Growth Rate (2015-2020)
5.4 Mexico Commission Tracker Revenue and Growth Rate (2015-2020)
6 Europe Commission Tracker Revenue by Countries
6.1 Europe Commission Tracker Revenue by Countries (2015-2020)
6.2 Germany Commission Tracker Revenue and Growth Rate (2015-2020)
6.3 UK Commission Tracker Revenue and Growth Rate (2015-2020)
6.4 France Commission Tracker Revenue and Growth Rate (2015-2020)
6.5 Russia Commission Tracker Revenue and Growth Rate (2015-2020)
6.6 Italy Commission Tracker Revenue and Growth Rate (2015-2020)
7 Asia-Pacific Commission Tracker Revenue by Countries
7.1 Asia-Pacific Commission Tracker Revenue by Countries (2015-2020)
7.2 China Commission Tracker Revenue and Growth Rate (2015-2020)
7.3 Japan Commission Tracker Revenue and Growth Rate (2015-2020)
7.4 Korea Commission Tracker Revenue and Growth Rate (2015-2020)
7.5 India Commission Tracker Revenue and Growth Rate (2015-2020)
7.6 Southeast Asia Commission Tracker Revenue and Growth Rate (2015-2020)
8 South America Commission Tracker Revenue by Countries
8.1 South America Commission Tracker Revenue by Countries (2015-2020)
8.2 Brazil Commission Tracker Revenue and Growth Rate (2015-2020)
8.3 Argentina Commission Tracker Revenue and Growth Rate (2015-2020)
9 Middle East & Africa Revenue Commission Tracker by Countries
9.1 Middle East & Africa Commission Tracker Revenue by Countries (2015-2020)
9.2 Saudi Arabia Commission Tracker Revenue and Growth Rate (2015-2020)
9.3 UAE Commission Tracker Revenue and Growth Rate (2015-2020)
9.4 Egypt Commission Tracker Revenue and Growth Rate (2015-2020)
9.5 South Africa Commission Tracker Revenue and Growth Rate (2015-2020)
10 Market Size Segment by Type
10.1 Global Commission Tracker Revenue and Market Share by Type (2015-2020)
10.2 Global Commission Tracker Market Forecast by Type (2019-2024)
10.3 Cloud-based Revenue Growth Rate (2015-2025)
10.4 On-premises Revenue Growth Rate (2015-2025)
11 Global Commission Tracker Market Segment by Application
11.1 Global Commission Tracker Revenue Market Share by Application (2015-2020)
11.2 Commission Tracker Market Forecast by Application (2019-2024)
11.3 Small and Medium Enterprises (SMEs) Revenue Growth (2015-2020)
11.4 Large Enterprises Revenue Growth (2015-2020)
12 Global Commission Tracker Market Size Forecast (2021-2025)
12.1 Global Commission Tracker Market Size Forecast (2021-2025)
12.2 Global Commission Tracker Market Forecast by Regions (2021-2025)
12.3 North America Commission Tracker Revenue Market Forecast (2021-2025)
12.4 Europe Commission Tracker Revenue Market Forecast (2021-2025)
12.5 Asia-Pacific Commission Tracker Revenue Market Forecast (2021-2025)
12.6 South America Commission Tracker Revenue Market Forecast (2021-2025)
12.7 Middle East & Africa Commission Tracker Revenue Market Forecast (2021-2025)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
14.3 Disclaimer
14.4 About US
Table 1. Global Commission Tracker Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Commission Tracker by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Commission Tracker Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 4. Global Market Commission Tracker Revenue (Million USD) Comparison by Regions 2015-2025
Table 5. Global Commission Tracker Market Size and Growth Estimation in Various Scenarios in 2020
Table 6. Blitz Corporate Information, Location and Competitors
Table 7. Blitz Commission Tracker Major Business
Table 8. Blitz Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 9. Blitz SWOT Analysis
Table 10. Blitz Commission Tracker Product and Solutions
Table 11. Blitz Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 12. Spiff Corporate Information, Location and Competitors
Table 13. Spiff Commission Tracker Major Business
Table 14. Spiff Commission Tracker Total Revenue (USD Million) (2018-2019)
Table 15. Spiff SWOT Analysis
Table 16. Spiff Commission Tracker Product and Solutions
Table 17. Spiff Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 18. NextAgency Corporate Information, Location and Competitors
Table 19. NextAgency Commission Tracker Major Business
Table 20. NextAgency Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 21. NextAgency SWOT Analysis
Table 22. NextAgency Commission Tracker Product and Solutions
Table 23. NextAgency Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 24. Performio Corporate Information, Location and Competitors
Table 25. Performio Commission Tracker Major Business
Table 26. Performio Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 27. Performio SWOT Analysis
Table 28. Performio Commission Tracker Product and Solutions
Table 29. Performio Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 30. Iconixx Corporate Information, Location and Competitors
Table 31. Iconixx Commission Tracker Major Business
Table 32. Iconixx Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 33. Iconixx SWOT Analysis
Table 34. Iconixx Commission Tracker Product and Solutions
Table 35. Iconixx Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 36. Commissionly Corporate Information, Location and Competitors
Table 37. Commissionly Commission Tracker Major Business
Table 38. Commissionly Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 39. Commissionly SWOT Analysis
Table 40. Commissionly Commission Tracker Product and Solutions
Table 41. Commissionly Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 42. Xactly Corporate Information, Location and Competitors
Table 43. Xactly Commission Tracker Major Business
Table 44. Xactly Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 45. Xactly SWOT Analysis
Table 46. Xactly Commission Tracker Product and Solutions
Table 47. Xactly Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 48. Pipedrive Corporate Information, Location and Competitors
Table 49. Pipedrive Commission Tracker Major Business
Table 50. Pipedrive Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 51. Pipedrive SWOT Analysis
Table 52. Pipedrive Commission Tracker Product and Solutions
Table 53. Pipedrive Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 54. Qcommission Corporate Information, Location and Competitors
Table 55. Qcommission Commission Tracker Major Business
Table 56. Qcommission Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 57. Qcommission SWOT Analysis
Table 58. Qcommission Commission Tracker Product and Solutions
Table 59. Qcommission Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 60. CallidusCloud Corporate Information, Location and Competitors
Table 61. CallidusCloud Commission Tracker Major Business
Table 62. CallidusCloud Commission Tracker Total Revenue (USD Million) (2017-2018)
Table 63. CallidusCloud SWOT Analysis
Table 64. CallidusCloud Commission Tracker Product and Solutions
Table 65. CallidusCloud Commission Tracker Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 66. Global Commission Tracker Revenue (Million USD) by Players (2015-2020)
Table 67. Global Commission Tracker Revenue Share by Players (2015-2020)
Table 68. Global Commission Tracker Revenue (Million USD) by Regions (2015-2020)
Table 69. Global Commission Tracker Revenue Market Share by Regions (2015-2020)
Table 70. North America Commission Tracker Revenue by Countries (2015-2020)
Table 71. North America Commission Tracker Revenue Market Share by Countries (2015-2020)
Table 72. Europe Commission Tracker Revenue (Million USD) by Countries (2015-2020)
Table 73. Asia-Pacific Commission Tracker Revenue (Million USD) by Countries (2015-2020)
Table 74. South America Commission Tracker Revenue by Countries (2015-2020)
Table 75. South America Commission Tracker Revenue Market Share by Countries (2015-2020)
Table 76. Middle East and Africa Commission Tracker Revenue (Million USD) by Countries (2015-2020)
Table 77. Middle East and Africa Commission Tracker Revenue Market Share by Countries (2015-2020)
Table 78. Global Commission Tracker Revenue (Million USD) by Type (2015-2020)
Table 79. Global Commission Tracker Revenue Share by Type (2015-2020)
Table 80. Global Commission Tracker Revenue Forecast by Type (2021-2025)
Table 81. Global Commission Tracker Revenue by Application (2015-2020)
Table 82. Global Commission Tracker Revenue Share by Application (2015-2020)
Table 83. Global Commission Tracker Revenue Forecast by Application (2021-2025)
Table 84. Global Commission Tracker Revenue (Million USD) Forecast by Regions (2021-2025)
List of Figures
Figure 1. Commission Tracker Picture
Figure 2. Global Commission Tracker Revenue Market Share by Type in 2019
Figure 3. Cloud-based Picture
Figure 4. On-premises Picture
Figure 5. Commission Tracker Revenue Market Share by Application in 2019
Figure 6. Small and Medium Enterprises (SMEs) Picture
Figure 7. Large Enterprises Picture
Figure 8. Global Commission Tracker Revenue (USD Million) and Growth Rate (2015-2025)
Figure 9. North America Commission Tracker Revenue (Million USD) and Growth Rate (2015-2025)
Figure 10. Europe Commission Tracker Revenue (Million USD) and Growth Rate (2015-2025)
Figure 11. Asia-Pacific Commission Tracker Revenue (Million USD) and Growth Rate (2015-2025)
Figure 12. South America Commission Tracker Revenue (Million USD) and Growth Rate (2015-2025)
Figure 13. Middle East and Africa Commission Tracker Revenue (Million USD) and Growth Rate (2015-2025)
Figure 14. Global Commission Tracker Revenue (Million USD) and Growth Rate (2015-2025)
Figure 15. Global Commission Tracker Revenue Share by Players in 2019
Figure 16. Global Top 5 Players Commission Tracker Revenue Market Share in 2019
Figure 17. Global Top 10 Players Commission Tracker Revenue Market Share in 2019
Figure 18. Key Players Market Share Trend
Figure 19. Global Commission Tracker Revenue (Million USD) and Growth Rate (%) (2015-2020)
Figure 20. Global Commission Tracker Revenue Market Share by Regions (2015-2020)
Figure 21. Global Commission Tracker Revenue Market Share by Regions in 2018
Figure 22. North America Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 23. Europe Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 24. Asia-Pacific Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 25. South America Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 26. Middle East and Africa Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 27. North America Commission Tracker Revenue Market Share by Countries (2015-2020)
Figure 28. North America Commission Tracker Revenue Market Share by Countries in 2019
Figure 29. USA Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 30. Canada Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 31. Mexico Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 32. Europe Commission Tracker Revenue Market Share by Countries (2015-2020)
Figure 33. Europe Commission Tracker Revenue Market Share by Countries in 2019
Figure 34. Germany Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 35. UK Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 36. France Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 37. Russia Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 38. Italy Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 39. Asia-Pacific Commission Tracker Revenue Market Share by Countries (2015-2020)
Figure 40. Asia-Pacific Commission Tracker Revenue Market Share by Countries in 2019
Figure 41. China Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 42. Japan Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 43. Korea Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 44. India Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 45. Southeast Asia Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 46. South America Commission Tracker Revenue Market Share by Countries (2015-2020)
Figure 47. South America Commission Tracker Revenue Market Share by Countries in 2019
Figure 48. Brazil Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 49. Argentina Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 50. Middle East and Africa Commission Tracker Revenue Market Share by Countries (2015-2020)
Figure 51. Middle East and Africa Commission Tracker Revenue Market Share by Countries in 2019
Figure 52. Saudi Arabia Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 53. UAE Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 54. Egypt Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 55. South Africa Commission Tracker Revenue and Growth Rate (2015-2020)
Figure 56. Global Commission Tracker Revenue Share by Type (2015-2020)
Figure 57. Global Commission Tracker Revenue Share by Type in 2019
Figure 58. Global Commission Tracker Market Share Forecast by Type (2021-2025)
Figure 59. Global Cloud-based Revenue Growth Rate (2015-2020)
Figure 60. Global On-premises Revenue Growth Rate (2015-2020)
Figure 61. Global Commission Tracker Revenue Share by Application (2015-2020)
Figure 62. Global Commission Tracker Revenue Share by Application in 2019
Figure 63. Global Commission Tracker Market Share Forecast by Application (2021-2025)
Figure 64. Global Small and Medium Enterprises (SMEs) Revenue Growth Rate (2015-2020)
Figure 65. Global Large Enterprises Revenue Growth Rate (2015-2020)
Figure 66. Global Commission Tracker Revenue (Million USD) and Growth Rate Forecast (2021-2025)
Figure 67. Global Commission Tracker Revenue (Million USD) Forecast by Regions (2021-2025)
Figure 68. Global Commission Tracker Revenue Market Share Forecast by Regions (2021-2025)
Figure 69. North America Commission Tracker Revenue Market Forecast (2021-2025)
Figure 70. Europe Commission Tracker Revenue Market Forecast (2021-2025)
Figure 71. Asia-Pacific Commission Tracker Revenue Market Forecast (2021-2025)
Figure 72. South America Commission Tracker Revenue Market Forecast (2021-2025)
Figure 73. Middle East and Africa Commission Tracker Revenue Market Forecast (2021-2025)
Figure 74. Sales Channel: Direct Channel vs Indirect Channel