Advanced Metering Infrastructure Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
An advanced metering infrastructure (AMI) is an integrated and holistic system comprising of smart meters, data management systems, and communication networks that ensures efficient two-way communication between utilities and a smart utility meter. An AMI system empowers the utility companies with real-time data about power consumption, and thereby allow customers to make informed decisions about their energy usage. The advanced metering infrastructure system is anticipated to gain huge popularity globally owing to various advantages it offers to its customers.
MARKET DYNAMICS
Rising urbanization and industrialization leading to rise in the energy consumption demand coupled with government mandates on regulating energy consumption in various countries are anticipated to boost the growth of advanced metering infrastructure market exponentially. However, lack of standardization and limited interoperability among different utility companies are considered to be the major hindrances in the adoption of the advanced metering infrastructures. Smart city initiatives coupled with digitalization of the energy and utility sector in various developing economies like India and China is anticipated to further provide good opportunities to the players operating in the advanced metering infrastructure market.
MARKET SCOPE
The "Global Advanced Metering Infrastructure Market Analysis to 2031" is a specialized and in-depth study of electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the advanced metering infrastructure market with detailed market segmentation by device, solution, service, and geography. The global advanced metering infrastructure market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading advanced metering infrastructure market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global advanced metering infrastructure market is segmented on the basis of device, solution, and service. On the basis of device, the advanced metering infrastructure market is segmented into smart meters, communication infrastructure, Home Area Networks (HANS), and In-home display units. The advanced metering infrastructure market on the basis of the solution is classified into MDM, Meter Data Analytics, AMI security, and meter communication infrastructure. Based on service, the advanced metering infrastructure market is segmented into system integration, meter deployment, program management and consulting.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced metering infrastructure market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The advanced metering infrastructure market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the advanced metering infrastructure market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the advanced metering infrastructure market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced metering infrastructure market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The advanced metering infrastructure market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the advanced metering infrastructure market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the advanced metering infrastructure market in these regions.
MARKET PLAYERS
The reports cover key developments in the advanced metering infrastructure market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from advanced metering infrastructure market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced metering infrastructure in the global market. Below mentioned is the list of few companies engaged in the advanced metering infrastructure market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the advanced metering infrastructure market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Black & Veatch
- Eaton Corporation
- Echelon Corporation
- Elster Group GmbH (Honeywell International Inc.)
- General Electric
- IBM Corporation
- Itron Inc.
- Landis+Gyr Group AG
- Schneider Electric SE
- Sensu Usd Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Advanced Metering Infrastructure Market - By Device
1.3.2Advanced Metering Infrastructure Market - By Solution
1.3.3Advanced Metering Infrastructure Market - By Service
1.3.4Advanced Metering Infrastructure Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.ADVANCED METERING INFRASTRUCTURE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.ADVANCED METERING INFRASTRUCTURE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.ADVANCED METERING INFRASTRUCTURE MARKET - GLOBAL MARKET ANALYSIS
6.1.ADVANCED METERING INFRASTRUCTURE - GLOBAL MARKET OVERVIEW
6.2.ADVANCED METERING INFRASTRUCTURE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.ADVANCED METERING INFRASTRUCTURE MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE
7.1.OVERVIEW
7.2.DEVICE MARKET FORECASTS AND ANALYSIS
7.3.SMART METERS
7.3.1.Overview
7.3.2.Smart Meters Market Forecast and Analysis
7.4.COMMUNICATION INFRASTRUCTURE
7.4.1.Overview
7.4.2.Communication Infrastructure Market Forecast and Analysis
7.5.HOME AREA NETWORKS (HANS)
7.5.1.Overview
7.5.2.Home Area Networks (HANS) Market Forecast and Analysis
7.6.IN-HOME DISPLAY UNITS
7.6.1.Overview
7.6.2.In-home Display Units Market Forecast and Analysis
8.ADVANCED METERING INFRASTRUCTURE MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
8.1.OVERVIEW
8.2.SOLUTION MARKET FORECASTS AND ANALYSIS
8.3.MDM
8.3.1.Overview
8.3.2.MDM Market Forecast and Analysis
8.4.METER DATA ANALYTICS
8.4.1.Overview
8.4.2.Meter Data Analytics Market Forecast and Analysis
8.5.AMI SECURITY METER
8.5.1.Overview
8.5.2.AMI Security Meter Market Forecast and Analysis
8.6.COMMUNICATION INFRASTRUCTURE
8.6.1.Overview
8.6.2.Communication Infrastructure Market Forecast and Analysis
9.ADVANCED METERING INFRASTRUCTURE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
9.1.OVERVIEW
9.2.SERVICE MARKET FORECASTS AND ANALYSIS
9.3.SYSTEM INTEGRATION
9.3.1.Overview
9.3.2.System Integration Market Forecast and Analysis
9.4.METER DEPLOYMENT
9.4.1.Overview
9.4.2.Meter Deployment Market Forecast and Analysis
9.5.PROGRAM MANAGEMENT AND CONSULTING
9.5.1.Overview
9.5.2.Program Management and Consulting Market Forecast and Analysis
10.ADVANCED METERING INFRASTRUCTURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Advanced Metering Infrastructure Market Overview
10.1.2North America Advanced Metering Infrastructure Market Forecasts and Analysis
10.1.3North America Advanced Metering Infrastructure Market Forecasts and Analysis - By Device
10.1.4North America Advanced Metering Infrastructure Market Forecasts and Analysis - By Solution
10.1.5North America Advanced Metering Infrastructure Market Forecasts and Analysis - By Service
10.1.6North America Advanced Metering Infrastructure Market Forecasts and Analysis - By Countries
10.1.6.1United States Advanced Metering Infrastructure Market
10.1.6.1.1United States Advanced Metering Infrastructure Market by Device
10.1.6.1.2United States Advanced Metering Infrastructure Market by Solution
10.1.6.1.3United States Advanced Metering Infrastructure Market by Service
10.1.6.2Canada Advanced Metering Infrastructure Market
10.1.6.2.1Canada Advanced Metering Infrastructure Market by Device
10.1.6.2.2Canada Advanced Metering Infrastructure Market by Solution
10.1.6.2.3Canada Advanced Metering Infrastructure Market by Service
10.1.6.3Mexico Advanced Metering Infrastructure Market
10.1.6.3.1Mexico Advanced Metering Infrastructure Market by Device
10.1.6.3.2Mexico Advanced Metering Infrastructure Market by Solution
10.1.6.3.3Mexico Advanced Metering Infrastructure Market by Service
10.2.EUROPE
10.2.1Europe Advanced Metering Infrastructure Market Overview
10.2.2Europe Advanced Metering Infrastructure Market Forecasts and Analysis
10.2.3Europe Advanced Metering Infrastructure Market Forecasts and Analysis - By Device
10.2.4Europe Advanced Metering Infrastructure Market Forecasts and Analysis - By Solution
10.2.5Europe Advanced Metering Infrastructure Market Forecasts and Analysis - By Service
10.2.6Europe Advanced Metering Infrastructure Market Forecasts and Analysis - By Countries
10.2.6.1Germany Advanced Metering Infrastructure Market
10.2.6.1.1Germany Advanced Metering Infrastructure Market by Device
10.2.6.1.2Germany Advanced Metering Infrastructure Market by Solution
10.2.6.1.3Germany Advanced Metering Infrastructure Market by Service
10.2.6.2France Advanced Metering Infrastructure Market
10.2.6.2.1France Advanced Metering Infrastructure Market by Device
10.2.6.2.2France Advanced Metering Infrastructure Market by Solution
10.2.6.2.3France Advanced Metering Infrastructure Market by Service
10.2.6.3Italy Advanced Metering Infrastructure Market
10.2.6.3.1Italy Advanced Metering Infrastructure Market by Device
10.2.6.3.2Italy Advanced Metering Infrastructure Market by Solution
10.2.6.3.3Italy Advanced Metering Infrastructure Market by Service
10.2.6.4United Kingdom Advanced Metering Infrastructure Market
10.2.6.4.1United Kingdom Advanced Metering Infrastructure Market by Device
10.2.6.4.2United Kingdom Advanced Metering Infrastructure Market by Solution
10.2.6.4.3United Kingdom Advanced Metering Infrastructure Market by Service
10.2.6.5Russia Advanced Metering Infrastructure Market
10.2.6.5.1Russia Advanced Metering Infrastructure Market by Device
10.2.6.5.2Russia Advanced Metering Infrastructure Market by Solution
10.2.6.5.3Russia Advanced Metering Infrastructure Market by Service
10.2.6.6Rest of Europe Advanced Metering Infrastructure Market
10.2.6.6.1Rest of Europe Advanced Metering Infrastructure Market by Device
10.2.6.6.2Rest of Europe Advanced Metering Infrastructure Market by Solution
10.2.6.6.3Rest of Europe Advanced Metering Infrastructure Market by Service
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Advanced Metering Infrastructure Market Overview
10.3.2Asia-Pacific Advanced Metering Infrastructure Market Forecasts and Analysis
10.3.3Asia-Pacific Advanced Metering Infrastructure Market Forecasts and Analysis - By Device
10.3.4Asia-Pacific Advanced Metering Infrastructure Market Forecasts and Analysis - By Solution
10.3.5Asia-Pacific Advanced Metering Infrastructure Market Forecasts and Analysis - By Service
10.3.6Asia-Pacific Advanced Metering Infrastructure Market Forecasts and Analysis - By Countries
10.3.6.1Australia Advanced Metering Infrastructure Market
10.3.6.1.1Australia Advanced Metering Infrastructure Market by Device
10.3.6.1.2Australia Advanced Metering Infrastructure Market by Solution
10.3.6.1.3Australia Advanced Metering Infrastructure Market by Service
10.3.6.2China Advanced Metering Infrastructure Market
10.3.6.2.1China Advanced Metering Infrastructure Market by Device
10.3.6.2.2China Advanced Metering Infrastructure Market by Solution
10.3.6.2.3China Advanced Metering Infrastructure Market by Service
10.3.6.3India Advanced Metering Infrastructure Market
10.3.6.3.1India Advanced Metering Infrastructure Market by Device
10.3.6.3.2India Advanced Metering Infrastructure Market by Solution
10.3.6.3.3India Advanced Metering Infrastructure Market by Service
10.3.6.4Japan Advanced Metering Infrastructure Market
10.3.6.4.1Japan Advanced Metering Infrastructure Market by Device
10.3.6.4.2Japan Advanced Metering Infrastructure Market by Solution
10.3.6.4.3Japan Advanced Metering Infrastructure Market by Service
10.3.6.5South Korea Advanced Metering Infrastructure Market
10.3.6.5.1South Korea Advanced Metering Infrastructure Market by Device
10.3.6.5.2South Korea Advanced Metering Infrastructure Market by Solution
10.3.6.5.3South Korea Advanced Metering Infrastructure Market by Service
10.3.6.6Rest of Asia-Pacific Advanced Metering Infrastructure Market
10.3.6.6.1Rest of Asia-Pacific Advanced Metering Infrastructure Market by Device
10.3.6.6.2Rest of Asia-Pacific Advanced Metering Infrastructure Market by Solution
10.3.6.6.3Rest of Asia-Pacific Advanced Metering Infrastructure Market by Service
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Advanced Metering Infrastructure Market Overview
10.4.2Middle East and Africa Advanced Metering Infrastructure Market Forecasts and Analysis
10.4.3Middle East and Africa Advanced Metering Infrastructure Market Forecasts and Analysis - By Device
10.4.4Middle East and Africa Advanced Metering Infrastructure Market Forecasts and Analysis - By Solution
10.4.5Middle East and Africa Advanced Metering Infrastructure Market Forecasts and Analysis - By Service
10.4.6Middle East and Africa Advanced Metering Infrastructure Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Advanced Metering Infrastructure Market
10.4.6.1.1South Africa Advanced Metering Infrastructure Market by Device
10.4.6.1.2South Africa Advanced Metering Infrastructure Market by Solution
10.4.6.1.3South Africa Advanced Metering Infrastructure Market by Service
10.4.6.2Saudi Arabia Advanced Metering Infrastructure Market
10.4.6.2.1Saudi Arabia Advanced Metering Infrastructure Market by Device
10.4.6.2.2Saudi Arabia Advanced Metering Infrastructure Market by Solution
10.4.6.2.3Saudi Arabia Advanced Metering Infrastructure Market by Service
10.4.6.3U.A.E Advanced Metering Infrastructure Market
10.4.6.3.1U.A.E Advanced Metering Infrastructure Market by Device
10.4.6.3.2U.A.E Advanced Metering Infrastructure Market by Solution
10.4.6.3.3U.A.E Advanced Metering Infrastructure Market by Service
10.4.6.4Rest of Middle East and Africa Advanced Metering Infrastructure Market
10.4.6.4.1Rest of Middle East and Africa Advanced Metering Infrastructure Market by Device
10.4.6.4.2Rest of Middle East and Africa Advanced Metering Infrastructure Market by Solution
10.4.6.4.3Rest of Middle East and Africa Advanced Metering Infrastructure Market by Service
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Advanced Metering Infrastructure Market Overview
10.5.2South and Central America Advanced Metering Infrastructure Market Forecasts and Analysis
10.5.3South and Central America Advanced Metering Infrastructure Market Forecasts and Analysis - By Device
10.5.4South and Central America Advanced Metering Infrastructure Market Forecasts and Analysis - By Solution
10.5.5South and Central America Advanced Metering Infrastructure Market Forecasts and Analysis - By Service
10.5.6South and Central America Advanced Metering Infrastructure Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Advanced Metering Infrastructure Market
10.5.6.1.1Brazil Advanced Metering Infrastructure Market by Device
10.5.6.1.2Brazil Advanced Metering Infrastructure Market by Solution
10.5.6.1.3Brazil Advanced Metering Infrastructure Market by Service
10.5.6.2Argentina Advanced Metering Infrastructure Market
10.5.6.2.1Argentina Advanced Metering Infrastructure Market by Device
10.5.6.2.2Argentina Advanced Metering Infrastructure Market by Solution
10.5.6.2.3Argentina Advanced Metering Infrastructure Market by Service
10.5.6.3Rest of South and Central America Advanced Metering Infrastructure Market
10.5.6.3.1Rest of South and Central America Advanced Metering Infrastructure Market by Device
10.5.6.3.2Rest of South and Central America Advanced Metering Infrastructure Market by Solution
10.5.6.3.3Rest of South and Central America Advanced Metering Infrastructure Market by Service
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.ADVANCED METERING INFRASTRUCTURE MARKET, KEY COMPANY PROFILES
12.1.BLACK AND VEATCH
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.EATON CORPORATION
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.ECHELON CORPORATION
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.ELSTER GROUP GMBH (HONEYWELL INTENATIONAL INC.)
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.GENERAL ELECTRIC
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.IBM CORPORATION
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.ITRON INC.
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.LANDIS+GYR GROUP AG
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.SCHNEIDER ELECTRIC SE
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.SENSU USD INC.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1. Black and Veatch
2. Eaton Corporation
3. Echelon Corporation
4. Elster Group GmbH (Honeywell Intenational Inc. )
5. General Electric
6. IBM Corporation
7. Itron Inc.
8. Landis+Gyr Group AG
9. Schneider Electric SE
10. Sensu Usd Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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