AI in Education Market Opportunities 2031
Artificial intelligence is emerging as a new solution for education methods, the technology is helping the student and educational institutes to form enhanced communication. The education sector is thriving for new teaching methods and AI is one of the prominent solutions for it. AI is helping teachers to identify the exact needs of the students and provide guidance according to it. The technology makes the learning process more interesting for students and helping teachers to understand students. The complex topics of the educational systems are getting simplified with AI virtualization and analytical tools.
MARKET DYNAMICS
The e-learning platforms are gaining major shares in education industry from the past few years and AI is further propelling the market growth. The COVID - 19 pandemics has hampered the economies of almost every country, but the impact is concluded to be positive for the AI in the education market. The education sector has adopted the new software, online learning solutions, and commination systems to conduct online classes. This ultimately highlighted the importance of AI among students and educational institutes, expected to boost it further in the forecasted period of 2031.
MARKET SCOPE
The "Global AI in Education Market Analysis to 2031" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The AI in education market report aims to provide an overview of the AI in education market with detailed market segmentation by technology, component, end-use, application, and geography. The global AI in education market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading AI in education market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global AI in education market is segmented based on technology, component, end-use, and application. Based on technology, the AI in education market is segmented into machine learning and deep learning, natural language processing, and others. Based on application, the AI in education market is segmented into learning platform, intelligent tutoring system, smart content, fraud and risk management, others. Based on component, the AI in education market is bifurcated into learning Solution and Service. Based on end-use, the AI in education market is segmented into higher education, K-12 education, corporate learning, and others.
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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 AI in education 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 & Central America. The AI in education market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the AI in education 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& Central America after evaluating political, economic, social and technological factors affecting the AI in education market in these regions.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global AI in education 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 & Central America. The AI in education market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the AI in education 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& Central America after evaluating political, economic, social and technological factors affecting the AI in education market in these regions.
MARKET PLAYERS
The reports cover key developments in the AI in education 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 way for the expansion of business and customer base of market players. The market players from AI in education market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the underwriting and rating software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underwriting and rating software 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 3 years, the key development in the past five years.
- ALEKS Corporation
- Amazon Web Services, Inc.
- Carnegie Learning, Inc.
- Century-Tech Limited
- Cognizant
- Google
- IBM Corporation
- Microsoft Corporation
- Nuance Communications, Inc.
- Pearson PLC
- 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
1.3.1AI In Education Market - By Technology
1.3.2AI In Education Market - By Component
1.3.3AI In Education Market - By Application
1.3.4AI In Education Market - By End-use
1.3.5AI In Education Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.AI IN EDUCATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AI IN EDUCATION 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.AI IN EDUCATION MARKET - GLOBAL MARKET ANALYSIS
6.1.AI IN EDUCATION - GLOBAL MARKET OVERVIEW
6.2.AI IN EDUCATION - GLOBAL MARKET AND FORECAST TO 2027
6.3.MARKET POSITIONING/MARKET SHARE
7.AI IN EDUCATION MARKET - REVENUE AND FORECASTS TO 2027 â" TECHNOLOGY
7.1.OVERVIEW
7.2.TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3.MACHINE LEARNING AND DEEP LEARNING
7.3.1.Overview
7.3.2.Machine Learning and Deep Learning Market Forecast and Analysis
7.4.NATURAL LANGUAGE PROCESSING
7.4.1.Overview
7.4.2.Natural Language Processing Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.AI IN EDUCATION MARKET - REVENUE AND FORECASTS TO 2027 â" COMPONENT
8.1.OVERVIEW
8.2.COMPONENT MARKET FORECASTS AND ANALYSIS
8.3.SOLUTION
8.3.1.Overview
8.3.2.Solution Market Forecast and Analysis
8.4.SERVICE
8.4.1.Overview
8.4.2.Service Market Forecast and Analysis
9.AI IN EDUCATION MARKET - REVENUE AND FORECASTS TO 2027 â" APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.LEARNING PLATFORM
9.3.1.Overview
9.3.2.Learning Platform Market Forecast and Analysis
9.4.INTELLIGENT TUTORING SYSTEM
9.4.1.Overview
9.4.2.Intelligent Tutoring System Market Forecast and Analysis
9.5.SMART CONTENT
9.5.1.Overview
9.5.2.Smart Content Market Forecast and Analysis
9.6.FRAUD AND RISK MANAGEMENT
9.6.1.Overview
9.6.2.Fraud and Risk Management Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.AI IN EDUCATION MARKET - REVENUE AND FORECASTS TO 2027 â" END-USE
10.1.OVERVIEW
10.2.END-USE MARKET FORECASTS AND ANALYSIS
10.3.HIGHER EDUCATION
10.3.1.Overview
10.3.2.Higher Education Market Forecast and Analysis
10.4.K-12 EDUCATION
10.4.1.Overview
10.4.2.K-12 Education Market Forecast and Analysis
10.5.CORPORATE LEARNING
10.5.1.Overview
10.5.2.Corporate Learning Market Forecast and Analysis
10.6.OTHERS
10.6.1.Overview
10.6.2.Others Market Forecast and Analysis
11.AI IN EDUCATION MARKET REVENUE AND FORECASTS TO 2027 â" GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America AI In Education Market Overview
11.1.2North America AI In Education Market Forecasts and Analysis
11.1.3North America AI In Education Market Forecasts and Analysis - By Technology
11.1.4North America AI In Education Market Forecasts and Analysis - By Component
11.1.5North America AI In Education Market Forecasts and Analysis - By Application
11.1.6North America AI In Education Market Forecasts and Analysis - By End-use
11.1.7North America AI In Education Market Forecasts and Analysis - By Countries
11.1.7.1United States AI In Education Market
11.1.7.1.1United States AI In Education Market by Technology
11.1.7.1.2United States AI In Education Market by Component
11.1.7.1.3United States AI In Education Market by Application
11.1.7.1.4United States AI In Education Market by End-use
11.1.7.2Canada AI In Education Market
11.1.7.2.1Canada AI In Education Market by Technology
11.1.7.2.2Canada AI In Education Market by Component
11.1.7.2.3Canada AI In Education Market by Application
11.1.7.2.4Canada AI In Education Market by End-use
11.1.7.3Mexico AI In Education Market
11.1.7.3.1Mexico AI In Education Market by Technology
11.1.7.3.2Mexico AI In Education Market by Component
11.1.7.3.3Mexico AI In Education Market by Application
11.1.7.3.4Mexico AI In Education Market by End-use
11.2.EUROPE
11.2.1Europe AI In Education Market Overview
11.2.2Europe AI In Education Market Forecasts and Analysis
11.2.3Europe AI In Education Market Forecasts and Analysis - By Technology
11.2.4Europe AI In Education Market Forecasts and Analysis - By Component
11.2.5Europe AI In Education Market Forecasts and Analysis - By Application
11.2.6Europe AI In Education Market Forecasts and Analysis - By End-use
11.2.7Europe AI In Education Market Forecasts and Analysis - By Countries
11.2.7.1Germany AI In Education Market
11.2.7.1.1Germany AI In Education Market by Technology
11.2.7.1.2Germany AI In Education Market by Component
11.2.7.1.3Germany AI In Education Market by Application
11.2.7.1.4Germany AI In Education Market by End-use
11.2.7.2France AI In Education Market
11.2.7.2.1France AI In Education Market by Technology
11.2.7.2.2France AI In Education Market by Component
11.2.7.2.3France AI In Education Market by Application
11.2.7.2.4France AI In Education Market by End-use
11.2.7.3Italy AI In Education Market
11.2.7.3.1Italy AI In Education Market by Technology
11.2.7.3.2Italy AI In Education Market by Component
11.2.7.3.3Italy AI In Education Market by Application
11.2.7.3.4Italy AI In Education Market by End-use
11.2.7.4United Kingdom AI In Education Market
11.2.7.4.1United Kingdom AI In Education Market by Technology
11.2.7.4.2United Kingdom AI In Education Market by Component
11.2.7.4.3United Kingdom AI In Education Market by Application
11.2.7.4.4United Kingdom AI In Education Market by End-use
11.2.7.5Russia AI In Education Market
11.2.7.5.1Russia AI In Education Market by Technology
11.2.7.5.2Russia AI In Education Market by Component
11.2.7.5.3Russia AI In Education Market by Application
11.2.7.5.4Russia AI In Education Market by End-use
11.2.7.6Rest of Europe AI In Education Market
11.2.7.6.1Rest of Europe AI In Education Market by Technology
11.2.7.6.2Rest of Europe AI In Education Market by Component
11.2.7.6.3Rest of Europe AI In Education Market by Application
11.2.7.6.4Rest of Europe AI In Education Market by End-use
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific AI In Education Market Overview
11.3.2Asia-Pacific AI In Education Market Forecasts and Analysis
11.3.3Asia-Pacific AI In Education Market Forecasts and Analysis - By Technology
11.3.4Asia-Pacific AI In Education Market Forecasts and Analysis - By Component
11.3.5Asia-Pacific AI In Education Market Forecasts and Analysis - By Application
11.3.6Asia-Pacific AI In Education Market Forecasts and Analysis - By End-use
11.3.7Asia-Pacific AI In Education Market Forecasts and Analysis - By Countries
11.3.7.1Australia AI In Education Market
11.3.7.1.1Australia AI In Education Market by Technology
11.3.7.1.2Australia AI In Education Market by Component
11.3.7.1.3Australia AI In Education Market by Application
11.3.7.1.4Australia AI In Education Market by End-use
11.3.7.2China AI In Education Market
11.3.7.2.1China AI In Education Market by Technology
11.3.7.2.2China AI In Education Market by Component
11.3.7.2.3China AI In Education Market by Application
11.3.7.2.4China AI In Education Market by End-use
11.3.7.3India AI In Education Market
11.3.7.3.1India AI In Education Market by Technology
11.3.7.3.2India AI In Education Market by Component
11.3.7.3.3India AI In Education Market by Application
11.3.7.3.4India AI In Education Market by End-use
11.3.7.4Japan AI In Education Market
11.3.7.4.1Japan AI In Education Market by Technology
11.3.7.4.2Japan AI In Education Market by Component
11.3.7.4.3Japan AI In Education Market by Application
11.3.7.4.4Japan AI In Education Market by End-use
11.3.7.5South Korea AI In Education Market
11.3.7.5.1South Korea AI In Education Market by Technology
11.3.7.5.2South Korea AI In Education Market by Component
11.3.7.5.3South Korea AI In Education Market by Application
11.3.7.5.4South Korea AI In Education Market by End-use
11.3.7.6Rest of Asia-Pacific AI In Education Market
11.3.7.6.1Rest of Asia-Pacific AI In Education Market by Technology
11.3.7.6.2Rest of Asia-Pacific AI In Education Market by Component
11.3.7.6.3Rest of Asia-Pacific AI In Education Market by Application
11.3.7.6.4Rest of Asia-Pacific AI In Education Market by End-use
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa AI In Education Market Overview
11.4.2Middle East and Africa AI In Education Market Forecasts and Analysis
11.4.3Middle East and Africa AI In Education Market Forecasts and Analysis - By Technology
11.4.4Middle East and Africa AI In Education Market Forecasts and Analysis - By Component
11.4.5Middle East and Africa AI In Education Market Forecasts and Analysis - By Application
11.4.6Middle East and Africa AI In Education Market Forecasts and Analysis - By End-use
11.4.7Middle East and Africa AI In Education Market Forecasts and Analysis - By Countries
11.4.7.1South Africa AI In Education Market
11.4.7.1.1South Africa AI In Education Market by Technology
11.4.7.1.2South Africa AI In Education Market by Component
11.4.7.1.3South Africa AI In Education Market by Application
11.4.7.1.4South Africa AI In Education Market by End-use
11.4.7.2Saudi Arabia AI In Education Market
11.4.7.2.1Saudi Arabia AI In Education Market by Technology
11.4.7.2.2Saudi Arabia AI In Education Market by Component
11.4.7.2.3Saudi Arabia AI In Education Market by Application
11.4.7.2.4Saudi Arabia AI In Education Market by End-use
11.4.7.3U.A.E AI In Education Market
11.4.7.3.1U.A.E AI In Education Market by Technology
11.4.7.3.2U.A.E AI In Education Market by Component
11.4.7.3.3U.A.E AI In Education Market by Application
11.4.7.3.4U.A.E AI In Education Market by End-use
11.4.7.4Rest of Middle East and Africa AI In Education Market
11.4.7.4.1Rest of Middle East and Africa AI In Education Market by Technology
11.4.7.4.2Rest of Middle East and Africa AI In Education Market by Component
11.4.7.4.3Rest of Middle East and Africa AI In Education Market by Application
11.4.7.4.4Rest of Middle East and Africa AI In Education Market by End-use
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America AI In Education Market Overview
11.5.2South and Central America AI In Education Market Forecasts and Analysis
11.5.3South and Central America AI In Education Market Forecasts and Analysis - By Technology
11.5.4South and Central America AI In Education Market Forecasts and Analysis - By Component
11.5.5South and Central America AI In Education Market Forecasts and Analysis - By Application
11.5.6South and Central America AI In Education Market Forecasts and Analysis - By End-use
11.5.7South and Central America AI In Education Market Forecasts and Analysis - By Countries
11.5.7.1Brazil AI In Education Market
11.5.7.1.1Brazil AI In Education Market by Technology
11.5.7.1.2Brazil AI In Education Market by Component
11.5.7.1.3Brazil AI In Education Market by Application
11.5.7.1.4Brazil AI In Education Market by End-use
11.5.7.2Argentina AI In Education Market
11.5.7.2.1Argentina AI In Education Market by Technology
11.5.7.2.2Argentina AI In Education Market by Component
11.5.7.2.3Argentina AI In Education Market by Application
11.5.7.2.4Argentina AI In Education Market by End-use
11.5.7.3Rest of South and Central America AI In Education Market
11.5.7.3.1Rest of South and Central America AI In Education Market by Technology
11.5.7.3.2Rest of South and Central America AI In Education Market by Component
11.5.7.3.3Rest of South and Central America AI In Education Market by Application
11.5.7.3.4Rest of South and Central America AI In Education Market by End-use
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.AI IN EDUCATION MARKET, KEY COMPANY PROFILES
13.1.ALEKS CORPORATION
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.AMAZON WEB SERVICES INC.
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.CARNEGIE LEARNING INC.
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.CENTURY TECH LIMITED
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.COGNIZANT
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.GOOGLE
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.IBM CORPORATION
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.MICROSOFT CORPORATION
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.NUANCE COMMUNICATIONS INC.
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.PEARSON PLC
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. ALEKS Corporation
2. Amazon Web Services Inc.
3. Carnegie Learning Inc.
4. Century Tech Limited
5. Cognizant
6. Google
7. IBM Corporation
8. Microsoft Corporation
9. Nuance Communications Inc.
10. Pearson PLC
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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