Airport Management Market Developments by 2031
The administration of airports and airlines is known as airport management. It performs tasks such as determining and deciding overall airport strategy and gathering and disseminating all the related information on airline commercial as well as operational objectives. It provides a complete and comprehensive overview of airport management. Airport management helps passengers have a better overall travel experience, increase quality, handle logistics, and provide smooth cargo transit, among other things. The major applications of airport management are, content management, logistics management, gate management, business applications, integration management. Airport management also involves managing and maintaining marketing, operational as well as financial activities within airport.
MARKET SCOPE
The "Global Airport Management Market Analysis to 2031" is a specialized and in-depth study of the Airport Management market with a special focus on the global market trend analysis. The report aims to provide an overview of Airport Management market with detailed market segmentation by component, airport size, application, and geography. The global Airport Management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Airport Management market players and offers key trends and opportunities in the Airport Management market.
MARKET SEGMENTATION
- On the basis of component, the market is segmented as, software and services.
- On the basis of airport size, the market is segmented as, class A, class B, class C, Class D.
- On the basis of application, the market is segmented as, security, content management, logistics, integration, collaboration, gate management, performance management, business applications, others.
MARKET DYNAMICS
Drivers:
- Increasing number of airports across the globe along with rising demand for air travel, rising need for efficient management of airport activities due to increasing rate of air travel along with growth in need of smart airport solutions.
- The growing use of smartphones and tablets
- Increasing demand for sophisticated management at airports.
Restraints:
- concerns about cybersecurity and strict government regulations governing airport security and management
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Airport Management 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 Airport Management 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 Airport Management 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 Porter's five forces analysis highlighting factors affecting the Airport Management market in these regions.
IMPACT OF COVID-19 ON AIRPORT MANAGEMENT MARKET
The COVID-19 pandemic has led to one of the biggest challenges to the sustainability of the aviation industry at the global level. The aviation industry, particularly the airport sector, is focusing on providing the passenger a different quality level of service in comparison to the previous norms. There is a steep fall in demand for air transport as a result of the cross-border travel restrictions imposed by governments to restrict the virus's transmission. Thus, the airport management is bound to be more proactive and capable of implementing digital transformation to ensure the passengers safe and healthy air travel. Therefore, though there has been a slowdown in the growth of Airport Management market due to the impact of COVID-19, the changes and shifts in airport management due to the "new normal" will bolster the growth of Airport Management market. Thus, after the abrupt closure of majority airport operations, the market for airport management is expected to revive owing to the rising demand for effective and efficient management solutions in airports.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Airport Management 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 Airport Management 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 Airport Management 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 Porter's five forces analysis highlighting factors affecting the Airport Management market in these regions.
IMPACT OF COVID-19 ON AIRPORT MANAGEMENT MARKET
The COVID-19 pandemic has led to one of the biggest challenges to the sustainability of the aviation industry at the global level. The aviation industry, particularly the airport sector, is focusing on providing the passenger a different quality level of service in comparison to the previous norms. There is a steep fall in demand for air transport as a result of the cross-border travel restrictions imposed by governments to restrict the virus's transmission. Thus, the airport management is bound to be more proactive and capable of implementing digital transformation to ensure the passengers safe and healthy air travel. Therefore, though there has been a slowdown in the growth of Airport Management market due to the impact of COVID-19, the changes and shifts in airport management due to the "new normal" will bolster the growth of Airport Management market. Thus, after the abrupt closure of majority airport operations, the market for airport management is expected to revive owing to the rising demand for effective and efficient management solutions in airports.
MARKET PLAYERS
The reports cover key developments in the Airport Management 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 players from Airport Management market are anticipated to lucrative growth opportunities in the future with the rising demand for Airport Management market. Below mentioned is the list of few companies engaged in the Airport Management market.
The report also includes the profiles of key Airport Management market 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.
- IBM Corporation
- Cisco Systems, Inc
- Siemens AG
- Honeywell International Inc
- Raytheon Technologies Corporation
- Qinetiq
- Amadeus IT Group
- SITA
- IBS Software
- Inform GmbH
- 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 Airport Management Market - By Component
1.3.2 Airport Management Market - By Airport Size
1.3.3 Airport Management Market - By Application
1.3.4 Airport Management Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIRPORT MANAGEMENT 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. AIRPORT MANAGEMENT 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. AIRPORT MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. AIRPORT MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. AIRPORT MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AIRPORT MANAGEMENT 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. AIRPORT MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - AIRPORT SIZE
8.1. OVERVIEW
8.2. AIRPORT SIZE MARKET FORECASTS AND ANALYSIS
8.3. CLASS A
8.3.1. Overview
8.3.2. Class A Market Forecast and Analysis
8.4. CLASS B
8.4.1. Overview
8.4.2. Class B Market Forecast and Analysis
8.5. CLASS C
8.5.1. Overview
8.5.2. Class C Market Forecast and Analysis
8.6. CLASS D
8.6.1. Overview
8.6.2. Class D Market Forecast and Analysis
9. AIRPORT MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. SECURITY
9.3.1. Overview
9.3.2. Security Market Forecast and Analysis
9.4. CONTENT MANAGEMENT
9.4.1. Overview
9.4.2. Content Management Market Forecast and Analysis
9.5. LOGISTICS
9.5.1. Overview
9.5.2. Logistics Market Forecast and Analysis
9.6. INTEGRATION
9.6.1. Overview
9.6.2. Integration Market Forecast and Analysis
9.7. COLLABORATION
9.7.1. Overview
9.7.2. Collaboration Market Forecast and Analysis
9.8. GATE MANAGEMENT
9.8.1. Overview
9.8.2. Gate Management Market Forecast and Analysis
9.9. PERFORMANCE MANAGEMENT
9.9.1. Overview
9.9.2. Performance Management Market Forecast and Analysis
9.10. BUSINESS APPLICATIONS
9.10.1. Overview
9.10.2. Business Applications Market Forecast and Analysis
9.11. OTHERS
9.11.1. Overview
9.11.2. Others Market Forecast and Analysis
10. AIRPORT MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Airport Management Market Overview
10.1.2 North America Airport Management Market Forecasts and Analysis
10.1.3 North America Airport Management Market Forecasts and Analysis - By Component
10.1.4 North America Airport Management Market Forecasts and Analysis - By Airport Size
10.1.5 North America Airport Management Market Forecasts and Analysis - By Application
10.1.6 North America Airport Management Market Forecasts and Analysis - By Countries
10.1.6.1 United States Airport Management Market
10.1.6.1.1 United States Airport Management Market by Component
10.1.6.1.2 United States Airport Management Market by Airport Size
10.1.6.1.3 United States Airport Management Market by Application
10.1.6.2 Canada Airport Management Market
10.1.6.2.1 Canada Airport Management Market by Component
10.1.6.2.2 Canada Airport Management Market by Airport Size
10.1.6.2.3 Canada Airport Management Market by Application
10.1.6.3 Mexico Airport Management Market
10.1.6.3.1 Mexico Airport Management Market by Component
10.1.6.3.2 Mexico Airport Management Market by Airport Size
10.1.6.3.3 Mexico Airport Management Market by Application
10.2. EUROPE
10.2.1 Europe Airport Management Market Overview
10.2.2 Europe Airport Management Market Forecasts and Analysis
10.2.3 Europe Airport Management Market Forecasts and Analysis - By Component
10.2.4 Europe Airport Management Market Forecasts and Analysis - By Airport Size
10.2.5 Europe Airport Management Market Forecasts and Analysis - By Application
10.2.6 Europe Airport Management Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Airport Management Market
10.2.6.1.1 Germany Airport Management Market by Component
10.2.6.1.2 Germany Airport Management Market by Airport Size
10.2.6.1.3 Germany Airport Management Market by Application
10.2.6.2 France Airport Management Market
10.2.6.2.1 France Airport Management Market by Component
10.2.6.2.2 France Airport Management Market by Airport Size
10.2.6.2.3 France Airport Management Market by Application
10.2.6.3 Italy Airport Management Market
10.2.6.3.1 Italy Airport Management Market by Component
10.2.6.3.2 Italy Airport Management Market by Airport Size
10.2.6.3.3 Italy Airport Management Market by Application
10.2.6.4 United Kingdom Airport Management Market
10.2.6.4.1 United Kingdom Airport Management Market by Component
10.2.6.4.2 United Kingdom Airport Management Market by Airport Size
10.2.6.4.3 United Kingdom Airport Management Market by Application
10.2.6.5 Russia Airport Management Market
10.2.6.5.1 Russia Airport Management Market by Component
10.2.6.5.2 Russia Airport Management Market by Airport Size
10.2.6.5.3 Russia Airport Management Market by Application
10.2.6.6 Rest of Europe Airport Management Market
10.2.6.6.1 Rest of Europe Airport Management Market by Component
10.2.6.6.2 Rest of Europe Airport Management Market by Airport Size
10.2.6.6.3 Rest of Europe Airport Management Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Airport Management Market Overview
10.3.2 Asia-Pacific Airport Management Market Forecasts and Analysis
10.3.3 Asia-Pacific Airport Management Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Airport Management Market Forecasts and Analysis - By Airport Size
10.3.5 Asia-Pacific Airport Management Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Airport Management Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Airport Management Market
10.3.6.1.1 Australia Airport Management Market by Component
10.3.6.1.2 Australia Airport Management Market by Airport Size
10.3.6.1.3 Australia Airport Management Market by Application
10.3.6.2 China Airport Management Market
10.3.6.2.1 China Airport Management Market by Component
10.3.6.2.2 China Airport Management Market by Airport Size
10.3.6.2.3 China Airport Management Market by Application
10.3.6.3 India Airport Management Market
10.3.6.3.1 India Airport Management Market by Component
10.3.6.3.2 India Airport Management Market by Airport Size
10.3.6.3.3 India Airport Management Market by Application
10.3.6.4 Japan Airport Management Market
10.3.6.4.1 Japan Airport Management Market by Component
10.3.6.4.2 Japan Airport Management Market by Airport Size
10.3.6.4.3 Japan Airport Management Market by Application
10.3.6.5 South Korea Airport Management Market
10.3.6.5.1 South Korea Airport Management Market by Component
10.3.6.5.2 South Korea Airport Management Market by Airport Size
10.3.6.5.3 South Korea Airport Management Market by Application
10.3.6.6 Rest of Asia-Pacific Airport Management Market
10.3.6.6.1 Rest of Asia-Pacific Airport Management Market by Component
10.3.6.6.2 Rest of Asia-Pacific Airport Management Market by Airport Size
10.3.6.6.3 Rest of Asia-Pacific Airport Management Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Airport Management Market Overview
10.4.2 Middle East and Africa Airport Management Market Forecasts and Analysis
10.4.3 Middle East and Africa Airport Management Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Airport Management Market Forecasts and Analysis - By Airport Size
10.4.5 Middle East and Africa Airport Management Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Airport Management Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Airport Management Market
10.4.6.1.1 South Africa Airport Management Market by Component
10.4.6.1.2 South Africa Airport Management Market by Airport Size
10.4.6.1.3 South Africa Airport Management Market by Application
10.4.6.2 Saudi Arabia Airport Management Market
10.4.6.2.1 Saudi Arabia Airport Management Market by Component
10.4.6.2.2 Saudi Arabia Airport Management Market by Airport Size
10.4.6.2.3 Saudi Arabia Airport Management Market by Application
10.4.6.3 U.A.E Airport Management Market
10.4.6.3.1 U.A.E Airport Management Market by Component
10.4.6.3.2 U.A.E Airport Management Market by Airport Size
10.4.6.3.3 U.A.E Airport Management Market by Application
10.4.6.4 Rest of Middle East and Africa Airport Management Market
10.4.6.4.1 Rest of Middle East and Africa Airport Management Market by Component
10.4.6.4.2 Rest of Middle East and Africa Airport Management Market by Airport Size
10.4.6.4.3 Rest of Middle East and Africa Airport Management Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Airport Management Market Overview
10.5.2 South and Central America Airport Management Market Forecasts and Analysis
10.5.3 South and Central America Airport Management Market Forecasts and Analysis - By Component
10.5.4 South and Central America Airport Management Market Forecasts and Analysis - By Airport Size
10.5.5 South and Central America Airport Management Market Forecasts and Analysis - By Application
10.5.6 South and Central America Airport Management Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Airport Management Market
10.5.6.1.1 Brazil Airport Management Market by Component
10.5.6.1.2 Brazil Airport Management Market by Airport Size
10.5.6.1.3 Brazil Airport Management Market by Application
10.5.6.2 Argentina Airport Management Market
10.5.6.2.1 Argentina Airport Management Market by Component
10.5.6.2.2 Argentina Airport Management Market by Airport Size
10.5.6.2.3 Argentina Airport Management Market by Application
10.5.6.3 Rest of South and Central America Airport Management Market
10.5.6.3.1 Rest of South and Central America Airport Management Market by Component
10.5.6.3.2 Rest of South and Central America Airport Management Market by Airport Size
10.5.6.3.3 Rest of South and Central America Airport Management Market by Application
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. AIRPORT MANAGEMENT MARKET, KEY COMPANY PROFILES
12.1. IBM CORPORATION
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. CISCO SYSTEMS, 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. SIEMENS AG
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. HONEYWELL INTERNATIONAL 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. RAYTHEON TECHNOLOGIES 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. QINETIQ
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. AMADEUS IT GROUP
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. SITA
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. IBS SOFTWARE
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. INFORM GMBH
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. IBM Corporation
2. Cisco Systems, Inc
3. Siemens AG
4. Honeywell International Inc
5. Raytheon technologies corporation
6. Qinetiq
7. Amadeus IT Group
8. SITA
9. IBS Software
10. Inform GmbH
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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