Audio Conferencing Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The audio conferencing software is used across enterprises for conducting virtual meetings among multiple callers for business purposes. Enterprises are increasingly adopting audio conferencing software owing to significant cost-cutting on travel and an increase in productivity. Increasing globalization and advancements in communication technology offer lucrative prospects for the players in the audio conferencing software industry. The emerging nations like India and China are witnessing huge investments by multinational conglomerates.
MARKET DYNAMICS
The audio conferencing software market is anticipated to grow in the forecast period owing to driving factors such as technological advancements in communication services and the adoption of cloud-based services. Moreover, the increasing popularity of huddle spaces is further promoting the growth of the audio conferencing software market. However, data security concerns may hamper the growth of the audio conferencing software market in the coming years. On the other hand, the advent of 5G offers significant growth opportunities for market players during the forecast period.
MARKET SCOPE
The "Global Audio Conferencing Software Market Analysis to 2031” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of audio conferencing software market with detailed market segmentation by deployment, enterprise size, end user, and geography. The global audio conferencing software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading audio conferencing software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global audio conferencing software market is segmented on the basis of deployment, enterprise size, and end user. Based on deployment, the market is segmented as cloud and on-premise. On the basis of the enterprise size, the market is segmented as SMEs and large enterprises. The market on the basis of the end user is classified as BFSI, IT, automotive, manufacturing, government, healthcare and pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global audio conferencing software 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 audio conferencing software 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 audio conferencing software 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 audio conferencing software 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 an overview and forecast of the global audio conferencing software 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 audio conferencing software 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 audio conferencing software 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 audio conferencing software market in these regions.
MARKET PLAYERS
The reports cover key developments in the audio conferencing software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from audio conferencing software market are anticipated to lucrative growth opportunities in the future with the rising demand for audio conferencing software in the global market. Below mentioned is the list of few companies engaged in the audio conferencing software market.
The report also includes the profiles of key audio conferencing software 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 the last three years, key developments in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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 Audio Conferencing Software Market - By Deployment
1.3.2 Audio Conferencing Software Market - By Enterprise Size
1.3.3 Audio Conferencing Software Market - By End User
1.3.4 Audio Conferencing Software Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUDIO CONFERENCING SOFTWARE 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. AUDIO CONFERENCING SOFTWARE 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. AUDIO CONFERENCING SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. AUDIO CONFERENCING SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. AUDIO CONFERENCING SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUDIO CONFERENCING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
7.1. OVERVIEW
7.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
7.3. CLOUD
7.3.1. Overview
7.3.2. Cloud Market Forecast and Analysis
7.4. ON-PREMISES
7.4.1. Overview
7.4.2. On-premises Market Forecast and Analysis
8. AUDIO CONFERENCING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMEs Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. AUDIO CONFERENCING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. IT
9.4.1. Overview
9.4.2. IT Market Forecast and Analysis
9.5. AUTOMOTIVE
9.5.1. Overview
9.5.2. Automotive Market Forecast and Analysis
9.6. MANUFACTURING
9.6.1. Overview
9.6.2. Manufacturing Market Forecast and Analysis
9.7. GOVERNMENT
9.7.1. Overview
9.7.2. Government Market Forecast and Analysis
9.8. HEALTHCARE AND PHARMACEUTICALS
9.8.1. Overview
9.8.2. Healthcare and Pharmaceuticals Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. AUDIO CONFERENCING SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Audio Conferencing Software Market Overview
10.1.2 North America Audio Conferencing Software Market Forecasts and Analysis
10.1.3 North America Audio Conferencing Software Market Forecasts and Analysis - By Deployment
10.1.4 North America Audio Conferencing Software Market Forecasts and Analysis - By Enterprise Size
10.1.5 North America Audio Conferencing Software Market Forecasts and Analysis - By End User
10.1.6 North America Audio Conferencing Software Market Forecasts and Analysis - By Countries
10.1.6.1 United States Audio Conferencing Software Market
10.1.6.1.1 United States Audio Conferencing Software Market by Deployment
10.1.6.1.2 United States Audio Conferencing Software Market by Enterprise Size
10.1.6.1.3 United States Audio Conferencing Software Market by End User
10.1.6.2 Canada Audio Conferencing Software Market
10.1.6.2.1 Canada Audio Conferencing Software Market by Deployment
10.1.6.2.2 Canada Audio Conferencing Software Market by Enterprise Size
10.1.6.2.3 Canada Audio Conferencing Software Market by End User
10.1.6.3 Mexico Audio Conferencing Software Market
10.1.6.3.1 Mexico Audio Conferencing Software Market by Deployment
10.1.6.3.2 Mexico Audio Conferencing Software Market by Enterprise Size
10.1.6.3.3 Mexico Audio Conferencing Software Market by End User
10.2. EUROPE
10.2.1 Europe Audio Conferencing Software Market Overview
10.2.2 Europe Audio Conferencing Software Market Forecasts and Analysis
10.2.3 Europe Audio Conferencing Software Market Forecasts and Analysis - By Deployment
10.2.4 Europe Audio Conferencing Software Market Forecasts and Analysis - By Enterprise Size
10.2.5 Europe Audio Conferencing Software Market Forecasts and Analysis - By End User
10.2.6 Europe Audio Conferencing Software Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Audio Conferencing Software Market
10.2.6.1.1 Germany Audio Conferencing Software Market by Deployment
10.2.6.1.2 Germany Audio Conferencing Software Market by Enterprise Size
10.2.6.1.3 Germany Audio Conferencing Software Market by End User
10.2.6.2 France Audio Conferencing Software Market
10.2.6.2.1 France Audio Conferencing Software Market by Deployment
10.2.6.2.2 France Audio Conferencing Software Market by Enterprise Size
10.2.6.2.3 France Audio Conferencing Software Market by End User
10.2.6.3 Italy Audio Conferencing Software Market
10.2.6.3.1 Italy Audio Conferencing Software Market by Deployment
10.2.6.3.2 Italy Audio Conferencing Software Market by Enterprise Size
10.2.6.3.3 Italy Audio Conferencing Software Market by End User
10.2.6.4 United Kingdom Audio Conferencing Software Market
10.2.6.4.1 United Kingdom Audio Conferencing Software Market by Deployment
10.2.6.4.2 United Kingdom Audio Conferencing Software Market by Enterprise Size
10.2.6.4.3 United Kingdom Audio Conferencing Software Market by End User
10.2.6.5 Russia Audio Conferencing Software Market
10.2.6.5.1 Russia Audio Conferencing Software Market by Deployment
10.2.6.5.2 Russia Audio Conferencing Software Market by Enterprise Size
10.2.6.5.3 Russia Audio Conferencing Software Market by End User
10.2.6.6 Rest of Europe Audio Conferencing Software Market
10.2.6.6.1 Rest of Europe Audio Conferencing Software Market by Deployment
10.2.6.6.2 Rest of Europe Audio Conferencing Software Market by Enterprise Size
10.2.6.6.3 Rest of Europe Audio Conferencing Software Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Audio Conferencing Software Market Overview
10.3.2 Asia-Pacific Audio Conferencing Software Market Forecasts and Analysis
10.3.3 Asia-Pacific Audio Conferencing Software Market Forecasts and Analysis - By Deployment
10.3.4 Asia-Pacific Audio Conferencing Software Market Forecasts and Analysis - By Enterprise Size
10.3.5 Asia-Pacific Audio Conferencing Software Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Audio Conferencing Software Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Audio Conferencing Software Market
10.3.6.1.1 Australia Audio Conferencing Software Market by Deployment
10.3.6.1.2 Australia Audio Conferencing Software Market by Enterprise Size
10.3.6.1.3 Australia Audio Conferencing Software Market by End User
10.3.6.2 China Audio Conferencing Software Market
10.3.6.2.1 China Audio Conferencing Software Market by Deployment
10.3.6.2.2 China Audio Conferencing Software Market by Enterprise Size
10.3.6.2.3 China Audio Conferencing Software Market by End User
10.3.6.3 India Audio Conferencing Software Market
10.3.6.3.1 India Audio Conferencing Software Market by Deployment
10.3.6.3.2 India Audio Conferencing Software Market by Enterprise Size
10.3.6.3.3 India Audio Conferencing Software Market by End User
10.3.6.4 Japan Audio Conferencing Software Market
10.3.6.4.1 Japan Audio Conferencing Software Market by Deployment
10.3.6.4.2 Japan Audio Conferencing Software Market by Enterprise Size
10.3.6.4.3 Japan Audio Conferencing Software Market by End User
10.3.6.5 South Korea Audio Conferencing Software Market
10.3.6.5.1 South Korea Audio Conferencing Software Market by Deployment
10.3.6.5.2 South Korea Audio Conferencing Software Market by Enterprise Size
10.3.6.5.3 South Korea Audio Conferencing Software Market by End User
10.3.6.6 Rest of Asia-Pacific Audio Conferencing Software Market
10.3.6.6.1 Rest of Asia-Pacific Audio Conferencing Software Market by Deployment
10.3.6.6.2 Rest of Asia-Pacific Audio Conferencing Software Market by Enterprise Size
10.3.6.6.3 Rest of Asia-Pacific Audio Conferencing Software Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Audio Conferencing Software Market Overview
10.4.2 Middle East and Africa Audio Conferencing Software Market Forecasts and Analysis
10.4.3 Middle East and Africa Audio Conferencing Software Market Forecasts and Analysis - By Deployment
10.4.4 Middle East and Africa Audio Conferencing Software Market Forecasts and Analysis - By Enterprise Size
10.4.5 Middle East and Africa Audio Conferencing Software Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Audio Conferencing Software Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Audio Conferencing Software Market
10.4.6.1.1 South Africa Audio Conferencing Software Market by Deployment
10.4.6.1.2 South Africa Audio Conferencing Software Market by Enterprise Size
10.4.6.1.3 South Africa Audio Conferencing Software Market by End User
10.4.6.2 Saudi Arabia Audio Conferencing Software Market
10.4.6.2.1 Saudi Arabia Audio Conferencing Software Market by Deployment
10.4.6.2.2 Saudi Arabia Audio Conferencing Software Market by Enterprise Size
10.4.6.2.3 Saudi Arabia Audio Conferencing Software Market by End User
10.4.6.3 U.A.E Audio Conferencing Software Market
10.4.6.3.1 U.A.E Audio Conferencing Software Market by Deployment
10.4.6.3.2 U.A.E Audio Conferencing Software Market by Enterprise Size
10.4.6.3.3 U.A.E Audio Conferencing Software Market by End User
10.4.6.4 Rest of Middle East and Africa Audio Conferencing Software Market
10.4.6.4.1 Rest of Middle East and Africa Audio Conferencing Software Market by Deployment
10.4.6.4.2 Rest of Middle East and Africa Audio Conferencing Software Market by Enterprise Size
10.4.6.4.3 Rest of Middle East and Africa Audio Conferencing Software Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Audio Conferencing Software Market Overview
10.5.2 South and Central America Audio Conferencing Software Market Forecasts and Analysis
10.5.3 South and Central America Audio Conferencing Software Market Forecasts and Analysis - By Deployment
10.5.4 South and Central America Audio Conferencing Software Market Forecasts and Analysis - By Enterprise Size
10.5.5 South and Central America Audio Conferencing Software Market Forecasts and Analysis - By End User
10.5.6 South and Central America Audio Conferencing Software Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Audio Conferencing Software Market
10.5.6.1.1 Brazil Audio Conferencing Software Market by Deployment
10.5.6.1.2 Brazil Audio Conferencing Software Market by Enterprise Size
10.5.6.1.3 Brazil Audio Conferencing Software Market by End User
10.5.6.2 Argentina Audio Conferencing Software Market
10.5.6.2.1 Argentina Audio Conferencing Software Market by Deployment
10.5.6.2.2 Argentina Audio Conferencing Software Market by Enterprise Size
10.5.6.2.3 Argentina Audio Conferencing Software Market by End User
10.5.6.3 Rest of South and Central America Audio Conferencing Software Market
10.5.6.3.1 Rest of South and Central America Audio Conferencing Software Market by Deployment
10.5.6.3.2 Rest of South and Central America Audio Conferencing Software Market by Enterprise Size
10.5.6.3.3 Rest of South and Central America Audio Conferencing Software Market by End User
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. AUDIO CONFERENCING SOFTWARE MARKET, KEY COMPANY PROFILES
12.1. 8X8 INC.
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. AVAYA 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. CITRIX SYSTEMS, INC.
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. EZTALKS
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. INTRADO 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. LOGMEIN, INC.
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. LOOPUP GROUP PLC
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. MICROSOFT CORPORATION
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. MOBILEDAY 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. PREMIERE GLOBAL SERVICES, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. 8x8 Inc.
2. Avaya Inc.
3. Citrix Systems, Inc.
4. ezTalks
5. Intrado Corporation
6. LogMeIn, Inc.
7. Loopup Group PLC
8. Microsoft Corporation
9. MobileDay Inc.
10. Premiere Global Services, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For