AI Platform as a Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
AI platform as a service is the same as the platform as a service and allows basic app development. However, these products differ by machine learning options. The AI as a platform market is positively influenced by growing investments for the development of AI and rapid advancements of technologies. Asia-Pacific region is expected to witness a substantial growth at a high CAGR owing to the rapidly developing regions such as India, and China. The companies operating in the market, such as AWS, Google, and Microsoft, are investing significantly on the development of advanced AI solutions.
MARKET DYNAMICS
Increasing volumes of data and the growing popularity of AI solutions are the major factors that are expected to drive the growth of the AI platform as a service market. However, data privacy concerns and slow digitization in several countries is acting as a major restraining factor in the market. The increasing demand for intelligent business application across various verticals is creating an opportunity for the companies operating in the AI platform as a service market to gain a strong market position and generate more revenues.
MARKET SCOPE
The "Global AI platform as a service Market Analysis to 2031" is a specialized and in-depth study of the AI platform as a service industry with a special focus on the global market trend analysis. The report aims to provide an overview of AI platform as a service market with detailed market segmentation by service type, application, end-use and geography. The global AI platform as a service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading AI platform as a service market players and offers key trends and opportunities in the AI platform as a service market.
MARKET SEGMENTATION
The global AI platform as a service market is segmented on the basis of service type, application, and end-use. On the basis of service type the market is segmented as managed, professional. On the basis of application the market is segmented as chatbots, speech recognition, text recognition, and others. Based on end-use the market is segmented as BFSI, manufacturing, research and academia, transportation, retail, others.
- 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 overview and forecast of the global AI platform as a service market based on various segments. It also provides market size and forecast estimates from 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 AI platform as a service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting AI platform as a service market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the AI platform as a service market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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 overview and forecast of the global AI platform as a service market based on various segments. It also provides market size and forecast estimates from 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 AI platform as a service market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting AI platform as a service market from both demand and supply side and further evaluates market dynamics effecting 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 effecting the AI platform as a service market in these regions.
MARKET PLAYERS
The reports cover key developments in the AI platform as a service 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 expansion of business and customer base of market players. The market payers from AI platform as a service market are anticipated to lucrative growth opportunities in the future with the rising demand for AI platform as a service in the global market. Below mentioned is the list of few companies engaged in the AI platform as a service market.
The report also includes the profiles of key AI platform as a service companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Absolutdata
- Amazon Web Services, Inc.
- EdgeVerve Systems Limited (Infosys)
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Qualcomm Technologies, Inc.
- Salesforce.com, Inc.
- SAP SE
- 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
1.3.1 AI Platform As A Service Market - By Service Type
1.3.2 AI Platform As A Service Market - By Application
1.3.3 AI Platform As A Service Market - By End-Use
1.3.4 AI Platform As A Service Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AI PLATFORM AS A SERVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AI PLATFORM AS A SERVICE 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. AI PLATFORM AS A SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. AI PLATFORM AS A SERVICE - GLOBAL MARKET OVERVIEW
6.2. AI PLATFORM AS A SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AI PLATFORM AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. MANAGED
7.3.1. Overview
7.3.2. Managed Market Forecast and Analysis
7.4. PROFESSIONAL
7.4.1. Overview
7.4.2. Professional Market Forecast and Analysis
8. AI PLATFORM AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CHATBOTS
8.3.1. Overview
8.3.2. Chatbots Market Forecast and Analysis
8.4. SPEECH RECOGNITION
8.4.1. Overview
8.4.2. Speech Recognition Market Forecast and Analysis
8.5. TEXT RECOGNITION
8.5.1. Overview
8.5.2. Text Recognition Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. AI PLATFORM AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
9.1. OVERVIEW
9.2. END-USE MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. MANUFACTURING
9.4.1. Overview
9.4.2. Manufacturing Market Forecast and Analysis
9.5. RESEARCH AND ACADEMIA
9.5.1. Overview
9.5.2. Research and Academia Market Forecast and Analysis
9.6. TRANSPORTATION
9.6.1. Overview
9.6.2. Transportation Market Forecast and Analysis
9.7. RETAIL
9.7.1. Overview
9.7.2. Retail Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. AI PLATFORM AS A SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America AI Platform As A Service Market Overview
10.1.2 North America AI Platform As A Service Market Forecasts and Analysis
10.1.3 North America AI Platform As A Service Market Forecasts and Analysis - By Service Type
10.1.4 North America AI Platform As A Service Market Forecasts and Analysis - By Application
10.1.5 North America AI Platform As A Service Market Forecasts and Analysis - By End-Use
10.1.6 North America AI Platform As A Service Market Forecasts and Analysis - By Countries
10.1.6.1 United States AI Platform As A Service Market
10.1.6.1.1 United States AI Platform As A Service Market by Service Type
10.1.6.1.2 United States AI Platform As A Service Market by Application
10.1.6.1.3 United States AI Platform As A Service Market by End-Use
10.1.6.2 Canada AI Platform As A Service Market
10.1.6.2.1 Canada AI Platform As A Service Market by Service Type
10.1.6.2.2 Canada AI Platform As A Service Market by Application
10.1.6.2.3 Canada AI Platform As A Service Market by End-Use
10.1.6.3 Mexico AI Platform As A Service Market
10.1.6.3.1 Mexico AI Platform As A Service Market by Service Type
10.1.6.3.2 Mexico AI Platform As A Service Market by Application
10.1.6.3.3 Mexico AI Platform As A Service Market by End-Use
10.2. EUROPE
10.2.1 Europe AI Platform As A Service Market Overview
10.2.2 Europe AI Platform As A Service Market Forecasts and Analysis
10.2.3 Europe AI Platform As A Service Market Forecasts and Analysis - By Service Type
10.2.4 Europe AI Platform As A Service Market Forecasts and Analysis - By Application
10.2.5 Europe AI Platform As A Service Market Forecasts and Analysis - By End-Use
10.2.6 Europe AI Platform As A Service Market Forecasts and Analysis - By Countries
10.2.6.1 Germany AI Platform As A Service Market
10.2.6.1.1 Germany AI Platform As A Service Market by Service Type
10.2.6.1.2 Germany AI Platform As A Service Market by Application
10.2.6.1.3 Germany AI Platform As A Service Market by End-Use
10.2.6.2 France AI Platform As A Service Market
10.2.6.2.1 France AI Platform As A Service Market by Service Type
10.2.6.2.2 France AI Platform As A Service Market by Application
10.2.6.2.3 France AI Platform As A Service Market by End-Use
10.2.6.3 Italy AI Platform As A Service Market
10.2.6.3.1 Italy AI Platform As A Service Market by Service Type
10.2.6.3.2 Italy AI Platform As A Service Market by Application
10.2.6.3.3 Italy AI Platform As A Service Market by End-Use
10.2.6.4 United Kingdom AI Platform As A Service Market
10.2.6.4.1 United Kingdom AI Platform As A Service Market by Service Type
10.2.6.4.2 United Kingdom AI Platform As A Service Market by Application
10.2.6.4.3 United Kingdom AI Platform As A Service Market by End-Use
10.2.6.5 Russia AI Platform As A Service Market
10.2.6.5.1 Russia AI Platform As A Service Market by Service Type
10.2.6.5.2 Russia AI Platform As A Service Market by Application
10.2.6.5.3 Russia AI Platform As A Service Market by End-Use
10.2.6.6 Rest of Europe AI Platform As A Service Market
10.2.6.6.1 Rest of Europe AI Platform As A Service Market by Service Type
10.2.6.6.2 Rest of Europe AI Platform As A Service Market by Application
10.2.6.6.3 Rest of Europe AI Platform As A Service Market by End-Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific AI Platform As A Service Market Overview
10.3.2 Asia-Pacific AI Platform As A Service Market Forecasts and Analysis
10.3.3 Asia-Pacific AI Platform As A Service Market Forecasts and Analysis - By Service Type
10.3.4 Asia-Pacific AI Platform As A Service Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific AI Platform As A Service Market Forecasts and Analysis - By End-Use
10.3.6 Asia-Pacific AI Platform As A Service Market Forecasts and Analysis - By Countries
10.3.6.1 Australia AI Platform As A Service Market
10.3.6.1.1 Australia AI Platform As A Service Market by Service Type
10.3.6.1.2 Australia AI Platform As A Service Market by Application
10.3.6.1.3 Australia AI Platform As A Service Market by End-Use
10.3.6.2 China AI Platform As A Service Market
10.3.6.2.1 China AI Platform As A Service Market by Service Type
10.3.6.2.2 China AI Platform As A Service Market by Application
10.3.6.2.3 China AI Platform As A Service Market by End-Use
10.3.6.3 India AI Platform As A Service Market
10.3.6.3.1 India AI Platform As A Service Market by Service Type
10.3.6.3.2 India AI Platform As A Service Market by Application
10.3.6.3.3 India AI Platform As A Service Market by End-Use
10.3.6.4 Japan AI Platform As A Service Market
10.3.6.4.1 Japan AI Platform As A Service Market by Service Type
10.3.6.4.2 Japan AI Platform As A Service Market by Application
10.3.6.4.3 Japan AI Platform As A Service Market by End-Use
10.3.6.5 South Korea AI Platform As A Service Market
10.3.6.5.1 South Korea AI Platform As A Service Market by Service Type
10.3.6.5.2 South Korea AI Platform As A Service Market by Application
10.3.6.5.3 South Korea AI Platform As A Service Market by End-Use
10.3.6.6 Rest of Asia-Pacific AI Platform As A Service Market
10.3.6.6.1 Rest of Asia-Pacific AI Platform As A Service Market by Service Type
10.3.6.6.2 Rest of Asia-Pacific AI Platform As A Service Market by Application
10.3.6.6.3 Rest of Asia-Pacific AI Platform As A Service Market by End-Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa AI Platform As A Service Market Overview
10.4.2 Middle East and Africa AI Platform As A Service Market Forecasts and Analysis
10.4.3 Middle East and Africa AI Platform As A Service Market Forecasts and Analysis - By Service Type
10.4.4 Middle East and Africa AI Platform As A Service Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa AI Platform As A Service Market Forecasts and Analysis - By End-Use
10.4.6 Middle East and Africa AI Platform As A Service Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa AI Platform As A Service Market
10.4.6.1.1 South Africa AI Platform As A Service Market by Service Type
10.4.6.1.2 South Africa AI Platform As A Service Market by Application
10.4.6.1.3 South Africa AI Platform As A Service Market by End-Use
10.4.6.2 Saudi Arabia AI Platform As A Service Market
10.4.6.2.1 Saudi Arabia AI Platform As A Service Market by Service Type
10.4.6.2.2 Saudi Arabia AI Platform As A Service Market by Application
10.4.6.2.3 Saudi Arabia AI Platform As A Service Market by End-Use
10.4.6.3 U.A.E AI Platform As A Service Market
10.4.6.3.1 U.A.E AI Platform As A Service Market by Service Type
10.4.6.3.2 U.A.E AI Platform As A Service Market by Application
10.4.6.3.3 U.A.E AI Platform As A Service Market by End-Use
10.4.6.4 Rest of Middle East and Africa AI Platform As A Service Market
10.4.6.4.1 Rest of Middle East and Africa AI Platform As A Service Market by Service Type
10.4.6.4.2 Rest of Middle East and Africa AI Platform As A Service Market by Application
10.4.6.4.3 Rest of Middle East and Africa AI Platform As A Service Market by End-Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America AI Platform As A Service Market Overview
10.5.2 South and Central America AI Platform As A Service Market Forecasts and Analysis
10.5.3 South and Central America AI Platform As A Service Market Forecasts and Analysis - By Service Type
10.5.4 South and Central America AI Platform As A Service Market Forecasts and Analysis - By Application
10.5.5 South and Central America AI Platform As A Service Market Forecasts and Analysis - By End-Use
10.5.6 South and Central America AI Platform As A Service Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil AI Platform As A Service Market
10.5.6.1.1 Brazil AI Platform As A Service Market by Service Type
10.5.6.1.2 Brazil AI Platform As A Service Market by Application
10.5.6.1.3 Brazil AI Platform As A Service Market by End-Use
10.5.6.2 Argentina AI Platform As A Service Market
10.5.6.2.1 Argentina AI Platform As A Service Market by Service Type
10.5.6.2.2 Argentina AI Platform As A Service Market by Application
10.5.6.2.3 Argentina AI Platform As A Service Market by End-Use
10.5.6.3 Rest of South and Central America AI Platform As A Service Market
10.5.6.3.1 Rest of South and Central America AI Platform As A Service Market by Service Type
10.5.6.3.2 Rest of South and Central America AI Platform As A Service Market by Application
10.5.6.3.3 Rest of South and Central America AI Platform As A Service Market by End-Use
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. AI PLATFORM AS A SERVICE MARKET, KEY COMPANY PROFILES
12.1. ABSOLUTDATA
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. AMAZON WEB SERVICES, INC.
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. EDGEVERVE SYSTEMS LIMITED (INFOSYS)
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. GOOGLE LLC
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. IBM CORPORATION
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. INTEL 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. MICROSOFT CORPORATION
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. QUALCOMM TECHNOLOGIES, INC.
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. SALESFORCE.COM, INC.
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. SAP SE
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.Absolutdata2.Amazon Web Services, Inc.3.EdgeVerve Systems Limited (Infosys)4.Google LLC5.IBM Corporation6.Intel Corporation7.Microsoft Corporation8.Qualcomm Technologies, Inc.9.Salesforce.com, inc.10.SAP SE
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.
Get Free Sample For