Aerospace and Defense Blockchain Market Report 2031
The Aerospace and Defense Blockchain Market is expected to register a CAGR of 33.6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Services, Software Platforms); Application Area (Certifications, Digital ID, Provenance). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Aerospace and Defense Blockchain Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Aerospace and Defense Blockchain Market Segmentation
Component- Services
- Software Platforms
- Certifications
- Digital ID
- Provenance
Strategic Insights
Aerospace and Defense Blockchain Market Growth Drivers- Increasing Adoption of Automation in Industries: The rising trend of automation in industries such as manufacturing, logistics, and healthcare is driving the demand for robotic vision systems. These systems enable robots to perceive and interact with their environment, allowing for more precise and efficient operations. As industries seek to improve productivity, reduce human error, and enhance safety, the adoption of robotic vision for tasks like quality control, assembly, and inspection is growing rapidly.
- Advancements in AI and Machine Learning: AI and machine learning advancements are significantly enhancing robotic vision systems. These technologies enable robots to interpret complex visual data, adapt to changing environments, and perform tasks with greater accuracy. With improvements in image recognition and real-time decision-making, robotic vision is becoming increasingly reliable, accelerating its integration into various sectors.
- Integration of Smart Contracts: Smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, are gaining traction in the aerospace and defense sectors. These contracts automate and enforce agreements between parties without the need for intermediaries, streamlining transaction processes. The integration of smart contracts can significantly reduce the time and cost associated with contract management, improve accuracy, and enhance trust among stakeholders. This trend is expected to reshape how transactions are conducted within the industry.
- Collaboration with Industry Partners: As the adoption of blockchain technology grows, collaboration among industry partners is becoming a notable trend. Aerospace and defense companies are increasingly forming alliances and consortia to develop shared blockchain platforms that enhance interoperability and data sharing. These collaborative efforts aim to establish common standards and protocols, which can drive efficiencies and innovation across the entire value chain. The pooling of resources and expertise will accelerate the implementation of blockchain solutions in a highly competitive market.
- Focus on Cybersecurity Enhancement: With rising concerns about cybersecurity threats in the aerospace and defense sectors, there is a growing trend toward integrating blockchain technology to bolster security measures. Organizations are leveraging blockchain's decentralized nature to protect sensitive data and systems from cyber attacks. By creating a secure environment for data sharing and transactions, blockchain can enhance the overall cybersecurity posture of aerospace and defense operations, making it a crucial component in safeguarding national security and sensitive information.
- Development of Interoperable Blockchain Solutions: As the aerospace and defense industries are characterized by complex ecosystems with multiple stakeholders, there is an opportunity to develop interoperable blockchain solutions that can connect different systems and platforms. Such solutions would enable seamless data exchange and collaboration among various organizations, enhancing operational efficiency and decision-making. By creating a standardized framework for blockchain applications, companies can leverage shared data to optimize supply chains, improve maintenance operations, and enhance overall performance.
- Investment in Research and Development: The rapidly evolving nature of blockchain technology presents significant opportunities for investment in research and development (R&D) within the aerospace and defense sectors. Companies that focus on innovating and adapting blockchain applications to meet specific industry needs can gain a competitive edge. R&D efforts can lead to the creation of advanced blockchain solutions for areas such as secure communications, asset tracking, and predictive maintenance, ultimately driving growth and enhancing the effectiveness of operations in these sectors.
- Expansion of Blockchain in Defense Procurement: The defense procurement process is often fraught with challenges related to transparency, efficiency, and accountability. There is a significant opportunity to apply blockchain technology to improve procurement practices by providing a transparent and tamper-proof record of transactions. This can streamline bidding processes, enhance supplier relationships, and ensure compliance with regulatory requirements. By implementing blockchain in defense procurement, organizations can foster trust, reduce fraud, and ultimately achieve better value for taxpayer dollars.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aerospace and Defense Blockchain Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Aerospace and Defense Blockchain Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- 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
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
Integration of Smart Contracts, Collaboration with Industry Partners, Focus on Cybersecurity Enhancement is the key future trend of the Aerospace and Defense Blockchain Market
The leading players operating in the Aerospace and Defense Blockchain Market include 3IPK, Accenture plc, Aeron Labs, Block Aero Technologies Holdings Inc., Cryptowerk Corp, Deutsche Lufthansa AG, Infosys Limited, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The global Aerospace and Defense Blockchain Market is expected to grow at a CAGR of 33.6% during the forecast period 2024 - 2031.
The major factors driving the Aerospace and Defense Blockchain Market is Growing Need for Enhanced Security and Transparency, Streamlined Supply Chain Management, Regulatory Compliance and Reporting.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aerospace And Defense Blockchain Market - By Component
1.3.2 Aerospace And Defense Blockchain Market - By Application
1.3.3 Aerospace And Defense Blockchain Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AEROSPACE AND DEFENSE BLOCKCHAIN MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AEROSPACE AND DEFENSE BLOCKCHAIN 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 AND RESTRAINTS
6. AEROSPACE AND DEFENSE BLOCKCHAIN MARKET - GLOBAL MARKET ANALYSIS
6.1. AEROSPACE AND DEFENSE BLOCKCHAIN - GLOBAL MARKET OVERVIEW
6.2. AEROSPACE AND DEFENSE BLOCKCHAIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AEROSPACE AND DEFENSE BLOCKCHAIN MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. AEROSPACE AND DEFENSE BLOCKCHAIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CERTIFICATIONS
8.3.1. Overview
8.3.2. Certifications Market Forecast and Analysis
8.4. DIGITAL ID
8.4.1. Overview
8.4.2. Digital ID Market Forecast and Analysis
8.5. PROVENANCE
8.5.1. Overview
8.5.2. Provenance Market Forecast and Analysis
9. AEROSPACE AND DEFENSE BLOCKCHAIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aerospace And Defense Blockchain Market Overview
9.1.2 North America Aerospace And Defense Blockchain Market Forecasts and Analysis
9.1.3 North America Aerospace And Defense Blockchain Market Forecasts and Analysis - By Component
9.1.4 North America Aerospace And Defense Blockchain Market Forecasts and Analysis - By Application
9.1.5 North America Aerospace And Defense Blockchain Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aerospace And Defense Blockchain Market
9.1.5.1.1 United States Aerospace And Defense Blockchain Market by Component
9.1.5.1.2 United States Aerospace And Defense Blockchain Market by Application
9.1.5.2 Canada Aerospace And Defense Blockchain Market
9.1.5.2.1 Canada Aerospace And Defense Blockchain Market by Component
9.1.5.2.2 Canada Aerospace And Defense Blockchain Market by Application
9.1.5.3 Mexico Aerospace And Defense Blockchain Market
9.1.5.3.1 Mexico Aerospace And Defense Blockchain Market by Component
9.1.5.3.2 Mexico Aerospace And Defense Blockchain Market by Application
9.2. EUROPE
9.2.1 Europe Aerospace And Defense Blockchain Market Overview
9.2.2 Europe Aerospace And Defense Blockchain Market Forecasts and Analysis
9.2.3 Europe Aerospace And Defense Blockchain Market Forecasts and Analysis - By Component
9.2.4 Europe Aerospace And Defense Blockchain Market Forecasts and Analysis - By Application
9.2.5 Europe Aerospace And Defense Blockchain Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aerospace And Defense Blockchain Market
9.2.5.1.1 Germany Aerospace And Defense Blockchain Market by Component
9.2.5.1.2 Germany Aerospace And Defense Blockchain Market by Application
9.2.5.2 France Aerospace And Defense Blockchain Market
9.2.5.2.1 France Aerospace And Defense Blockchain Market by Component
9.2.5.2.2 France Aerospace And Defense Blockchain Market by Application
9.2.5.3 Italy Aerospace And Defense Blockchain Market
9.2.5.3.1 Italy Aerospace And Defense Blockchain Market by Component
9.2.5.3.2 Italy Aerospace And Defense Blockchain Market by Application
9.2.5.4 United Kingdom Aerospace And Defense Blockchain Market
9.2.5.4.1 United Kingdom Aerospace And Defense Blockchain Market by Component
9.2.5.4.2 United Kingdom Aerospace And Defense Blockchain Market by Application
9.2.5.5 Russia Aerospace And Defense Blockchain Market
9.2.5.5.1 Russia Aerospace And Defense Blockchain Market by Component
9.2.5.5.2 Russia Aerospace And Defense Blockchain Market by Application
9.2.5.6 Rest of Europe Aerospace And Defense Blockchain Market
9.2.5.6.1 Rest of Europe Aerospace And Defense Blockchain Market by Component
9.2.5.6.2 Rest of Europe Aerospace And Defense Blockchain Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aerospace And Defense Blockchain Market Overview
9.3.2 Asia-Pacific Aerospace And Defense Blockchain Market Forecasts and Analysis
9.3.3 Asia-Pacific Aerospace And Defense Blockchain Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Aerospace And Defense Blockchain Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Aerospace And Defense Blockchain Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aerospace And Defense Blockchain Market
9.3.5.1.1 Australia Aerospace And Defense Blockchain Market by Component
9.3.5.1.2 Australia Aerospace And Defense Blockchain Market by Application
9.3.5.2 China Aerospace And Defense Blockchain Market
9.3.5.2.1 China Aerospace And Defense Blockchain Market by Component
9.3.5.2.2 China Aerospace And Defense Blockchain Market by Application
9.3.5.3 India Aerospace And Defense Blockchain Market
9.3.5.3.1 India Aerospace And Defense Blockchain Market by Component
9.3.5.3.2 India Aerospace And Defense Blockchain Market by Application
9.3.5.4 Japan Aerospace And Defense Blockchain Market
9.3.5.4.1 Japan Aerospace And Defense Blockchain Market by Component
9.3.5.4.2 Japan Aerospace And Defense Blockchain Market by Application
9.3.5.5 South Korea Aerospace And Defense Blockchain Market
9.3.5.5.1 South Korea Aerospace And Defense Blockchain Market by Component
9.3.5.5.2 South Korea Aerospace And Defense Blockchain Market by Application
9.3.5.6 Rest of Asia-Pacific Aerospace And Defense Blockchain Market
9.3.5.6.1 Rest of Asia-Pacific Aerospace And Defense Blockchain Market by Component
9.3.5.6.2 Rest of Asia-Pacific Aerospace And Defense Blockchain Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aerospace And Defense Blockchain Market Overview
9.4.2 Middle East and Africa Aerospace And Defense Blockchain Market Forecasts and Analysis
9.4.3 Middle East and Africa Aerospace And Defense Blockchain Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Aerospace And Defense Blockchain Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Aerospace And Defense Blockchain Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aerospace And Defense Blockchain Market
9.4.5.1.1 South Africa Aerospace And Defense Blockchain Market by Component
9.4.5.1.2 South Africa Aerospace And Defense Blockchain Market by Application
9.4.5.2 Saudi Arabia Aerospace And Defense Blockchain Market
9.4.5.2.1 Saudi Arabia Aerospace And Defense Blockchain Market by Component
9.4.5.2.2 Saudi Arabia Aerospace And Defense Blockchain Market by Application
9.4.5.3 U.A.E Aerospace And Defense Blockchain Market
9.4.5.3.1 U.A.E Aerospace And Defense Blockchain Market by Component
9.4.5.3.2 U.A.E Aerospace And Defense Blockchain Market by Application
9.4.5.4 Rest of Middle East and Africa Aerospace And Defense Blockchain Market
9.4.5.4.1 Rest of Middle East and Africa Aerospace And Defense Blockchain Market by Component
9.4.5.4.2 Rest of Middle East and Africa Aerospace And Defense Blockchain Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aerospace And Defense Blockchain Market Overview
9.5.2 South and Central America Aerospace And Defense Blockchain Market Forecasts and Analysis
9.5.3 South and Central America Aerospace And Defense Blockchain Market Forecasts and Analysis - By Component
9.5.4 South and Central America Aerospace And Defense Blockchain Market Forecasts and Analysis - By Application
9.5.5 South and Central America Aerospace And Defense Blockchain Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aerospace And Defense Blockchain Market
9.5.5.1.1 Brazil Aerospace And Defense Blockchain Market by Component
9.5.5.1.2 Brazil Aerospace And Defense Blockchain Market by Application
9.5.5.2 Argentina Aerospace And Defense Blockchain Market
9.5.5.2.1 Argentina Aerospace And Defense Blockchain Market by Component
9.5.5.2.2 Argentina Aerospace And Defense Blockchain Market by Application
9.5.5.3 Rest of South and Central America Aerospace And Defense Blockchain Market
9.5.5.3.1 Rest of South and Central America Aerospace And Defense Blockchain Market by Component
9.5.5.3.2 Rest of South and Central America Aerospace And Defense Blockchain Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AEROSPACE AND DEFENSE BLOCKCHAIN MARKET, KEY COMPANY PROFILES
11.1. ACCENTURE PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AERON LABS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CRYPTOWERK CORP. INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DECENT INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DEUTSCHE LUFTHANSA AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KPMG INTERNATIONAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MICROSOFT CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OBJECTTECH GROUP LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SITA LABORATORIES, INC.,
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WINDING TREE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Accenture plc
- 3IPK
- SITA Aero
- SIMBA Chain Inc
- Microsoft Corporation
- Block Aero Technologies Holdings Inc
- Cryptowerk Corp
- Deutsche Lufthansa AG
- Infosys Limited
- Guardtime
- International Business Machines Corporation.
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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