Audit Management Solution Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Audit management solutions include software system designed for companies to manage audit-related activities, data, and processes in a proper framework. It significantly reduces the time and effort needed to pass an audit. The software automates audit-related tasks to simplify the process and integrates a document control system to ensure smooth and timely access to necessary documentation. More and more companies are adopting this service for the smooth functioning of their audit execution.
MARKET DYNAMICS
The audit management solution market is anticipated to increase in the forecast period owing to driving factors such as effective risk management and compliance with stringent government norms and regulations for companies. Shifting focus of organizations towards automating workflow for enhanced reliability is another key factor propelling the audit management solution market. However, the audit management solution market is negatively influenced by the threat of data hacks. On the other hand, advancements in software showcase growth opportunities for the audit management solution market during the forecast period.
MARKET SCOPE
The "Global Audit Management Solution 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 audit management solution market with detailed market segmentation by enterprise size, type of deployment, end-use industry, and geography. The global audit management solution market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading audit management solution market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global audit management solution market is segmented on the basis of enterprise size, type of deployment, and end-use industry. Based on enterprise size, the market is segmented as SMEs and large enterprises. On the basis of the type of deployment, the market is segmented as SaaS and on-premises. The market on the basis of the end-use industry is classified as BFSI, healthcare, manufacturing, IT & telecom, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global audit management solution 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 audit management solution 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 audit management solution 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 audit management solution market in these regions.
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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 audit management solution 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 audit management solution 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 audit management solution 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 audit management solution market in these regions.
MARKET PLAYERSThe reports cover key developments in the audit management solution 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 payers from audit management solution market are anticipated to lucrative growth opportunities in the future with the rising demand for audit management solution in the global market. Below mentioned is the list of few companies engaged in the audit management solution market.
The report also includes the profiles of key audit management solution 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.
- Chase Cooper Limited
- Galvanize (ACL Services Ltd.)
- IBM Corporation
- MasterControl, Inc.
- Protiviti Inc.
- Refinitiv Group of Companies
- SAP SE
- Wolters Kluwer Financial Services, Inc.
- Workiva Inc.
- Xactium Limited
- 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
1.3.1Audit Management Solution Market - By Enterprise Size
1.3.2Audit Management Solution Market - By Type of Deployment
1.3.3Audit Management Solution Market - By End-Use Industry
1.3.4Audit Management Solution Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.AUDIT MANAGEMENT SOLUTION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.AUDIT MANAGEMENT SOLUTION 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.AUDIT MANAGEMENT SOLUTION MARKET - GLOBAL MARKET ANALYSIS
6.1.AUDIT MANAGEMENT SOLUTION - GLOBAL MARKET OVERVIEW
6.2.AUDIT MANAGEMENT SOLUTION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.AUDIT MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
7.1.OVERVIEW
7.2.ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
7.3.SMES
7.3.1.Overview
7.3.2.SMEs Market Forecast and Analysis
7.4.LARGE ENTERPRISES
7.4.1.Overview
7.4.2.Large enterprises Market Forecast and Analysis
8.AUDIT MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF DEPLOYMENT
8.1.OVERVIEW
8.2.TYPE OF DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3.SAAS
8.3.1.Overview
8.3.2.SaaS Market Forecast and Analysis
8.4.ON-PREMISES
8.4.1.Overview
8.4.2.On-premises Market Forecast and Analysis
9.AUDIT MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
9.1.OVERVIEW
9.2.END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3.BFSI
9.3.1.Overview
9.3.2.BFSI Market Forecast and Analysis
9.4.HEALTHCARE
9.4.1.Overview
9.4.2.Healthcare Market Forecast and Analysis
9.5.MANUFACTURING
9.5.1.Overview
9.5.2.Manufacturing Market Forecast and Analysis
9.6.IT AND TELECOM
9.6.1.Overview
9.6.2.IT and Telecom Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.AUDIT MANAGEMENT SOLUTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Audit Management Solution Market Overview
10.1.2North America Audit Management Solution Market Forecasts and Analysis
10.1.3North America Audit Management Solution Market Forecasts and Analysis - By Enterprise Size
10.1.4North America Audit Management Solution Market Forecasts and Analysis - By Type of Deployment
10.1.5North America Audit Management Solution Market Forecasts and Analysis - By End-Use Industry
10.1.6North America Audit Management Solution Market Forecasts and Analysis - By Countries
10.1.6.1United States Audit Management Solution Market
10.1.6.1.1United States Audit Management Solution Market by Enterprise Size
10.1.6.1.2United States Audit Management Solution Market by Type of Deployment
10.1.6.1.3United States Audit Management Solution Market by End-Use Industry
10.1.6.2Canada Audit Management Solution Market
10.1.6.2.1Canada Audit Management Solution Market by Enterprise Size
10.1.6.2.2Canada Audit Management Solution Market by Type of Deployment
10.1.6.2.3Canada Audit Management Solution Market by End-Use Industry
10.1.6.3Mexico Audit Management Solution Market
10.1.6.3.1Mexico Audit Management Solution Market by Enterprise Size
10.1.6.3.2Mexico Audit Management Solution Market by Type of Deployment
10.1.6.3.3Mexico Audit Management Solution Market by End-Use Industry
10.2.EUROPE
10.2.1Europe Audit Management Solution Market Overview
10.2.2Europe Audit Management Solution Market Forecasts and Analysis
10.2.3Europe Audit Management Solution Market Forecasts and Analysis - By Enterprise Size
10.2.4Europe Audit Management Solution Market Forecasts and Analysis - By Type of Deployment
10.2.5Europe Audit Management Solution Market Forecasts and Analysis - By End-Use Industry
10.2.6Europe Audit Management Solution Market Forecasts and Analysis - By Countries
10.2.6.1Germany Audit Management Solution Market
10.2.6.1.1Germany Audit Management Solution Market by Enterprise Size
10.2.6.1.2Germany Audit Management Solution Market by Type of Deployment
10.2.6.1.3Germany Audit Management Solution Market by End-Use Industry
10.2.6.2France Audit Management Solution Market
10.2.6.2.1France Audit Management Solution Market by Enterprise Size
10.2.6.2.2France Audit Management Solution Market by Type of Deployment
10.2.6.2.3France Audit Management Solution Market by End-Use Industry
10.2.6.3Italy Audit Management Solution Market
10.2.6.3.1Italy Audit Management Solution Market by Enterprise Size
10.2.6.3.2Italy Audit Management Solution Market by Type of Deployment
10.2.6.3.3Italy Audit Management Solution Market by End-Use Industry
10.2.6.4United Kingdom Audit Management Solution Market
10.2.6.4.1United Kingdom Audit Management Solution Market by Enterprise Size
10.2.6.4.2United Kingdom Audit Management Solution Market by Type of Deployment
10.2.6.4.3United Kingdom Audit Management Solution Market by End-Use Industry
10.2.6.5Russia Audit Management Solution Market
10.2.6.5.1Russia Audit Management Solution Market by Enterprise Size
10.2.6.5.2Russia Audit Management Solution Market by Type of Deployment
10.2.6.5.3Russia Audit Management Solution Market by End-Use Industry
10.2.6.6Rest of Europe Audit Management Solution Market
10.2.6.6.1Rest of Europe Audit Management Solution Market by Enterprise Size
10.2.6.6.2Rest of Europe Audit Management Solution Market by Type of Deployment
10.2.6.6.3Rest of Europe Audit Management Solution Market by End-Use Industry
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Audit Management Solution Market Overview
10.3.2Asia-Pacific Audit Management Solution Market Forecasts and Analysis
10.3.3Asia-Pacific Audit Management Solution Market Forecasts and Analysis - By Enterprise Size
10.3.4Asia-Pacific Audit Management Solution Market Forecasts and Analysis - By Type of Deployment
10.3.5Asia-Pacific Audit Management Solution Market Forecasts and Analysis - By End-Use Industry
10.3.6Asia-Pacific Audit Management Solution Market Forecasts and Analysis - By Countries
10.3.6.1Australia Audit Management Solution Market
10.3.6.1.1Australia Audit Management Solution Market by Enterprise Size
10.3.6.1.2Australia Audit Management Solution Market by Type of Deployment
10.3.6.1.3Australia Audit Management Solution Market by End-Use Industry
10.3.6.2China Audit Management Solution Market
10.3.6.2.1China Audit Management Solution Market by Enterprise Size
10.3.6.2.2China Audit Management Solution Market by Type of Deployment
10.3.6.2.3China Audit Management Solution Market by End-Use Industry
10.3.6.3India Audit Management Solution Market
10.3.6.3.1India Audit Management Solution Market by Enterprise Size
10.3.6.3.2India Audit Management Solution Market by Type of Deployment
10.3.6.3.3India Audit Management Solution Market by End-Use Industry
10.3.6.4Japan Audit Management Solution Market
10.3.6.4.1Japan Audit Management Solution Market by Enterprise Size
10.3.6.4.2Japan Audit Management Solution Market by Type of Deployment
10.3.6.4.3Japan Audit Management Solution Market by End-Use Industry
10.3.6.5South Korea Audit Management Solution Market
10.3.6.5.1South Korea Audit Management Solution Market by Enterprise Size
10.3.6.5.2South Korea Audit Management Solution Market by Type of Deployment
10.3.6.5.3South Korea Audit Management Solution Market by End-Use Industry
10.3.6.6Rest of Asia-Pacific Audit Management Solution Market
10.3.6.6.1Rest of Asia-Pacific Audit Management Solution Market by Enterprise Size
10.3.6.6.2Rest of Asia-Pacific Audit Management Solution Market by Type of Deployment
10.3.6.6.3Rest of Asia-Pacific Audit Management Solution Market by End-Use Industry
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Audit Management Solution Market Overview
10.4.2Middle East and Africa Audit Management Solution Market Forecasts and Analysis
10.4.3Middle East and Africa Audit Management Solution Market Forecasts and Analysis - By Enterprise Size
10.4.4Middle East and Africa Audit Management Solution Market Forecasts and Analysis - By Type of Deployment
10.4.5Middle East and Africa Audit Management Solution Market Forecasts and Analysis - By End-Use Industry
10.4.6Middle East and Africa Audit Management Solution Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Audit Management Solution Market
10.4.6.1.1South Africa Audit Management Solution Market by Enterprise Size
10.4.6.1.2South Africa Audit Management Solution Market by Type of Deployment
10.4.6.1.3South Africa Audit Management Solution Market by End-Use Industry
10.4.6.2Saudi Arabia Audit Management Solution Market
10.4.6.2.1Saudi Arabia Audit Management Solution Market by Enterprise Size
10.4.6.2.2Saudi Arabia Audit Management Solution Market by Type of Deployment
10.4.6.2.3Saudi Arabia Audit Management Solution Market by End-Use Industry
10.4.6.3U.A.E Audit Management Solution Market
10.4.6.3.1U.A.E Audit Management Solution Market by Enterprise Size
10.4.6.3.2U.A.E Audit Management Solution Market by Type of Deployment
10.4.6.3.3U.A.E Audit Management Solution Market by End-Use Industry
10.4.6.4Rest of Middle East and Africa Audit Management Solution Market
10.4.6.4.1Rest of Middle East and Africa Audit Management Solution Market by Enterprise Size
10.4.6.4.2Rest of Middle East and Africa Audit Management Solution Market by Type of Deployment
10.4.6.4.3Rest of Middle East and Africa Audit Management Solution Market by End-Use Industry
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Audit Management Solution Market Overview
10.5.2South and Central America Audit Management Solution Market Forecasts and Analysis
10.5.3South and Central America Audit Management Solution Market Forecasts and Analysis - By Enterprise Size
10.5.4South and Central America Audit Management Solution Market Forecasts and Analysis - By Type of Deployment
10.5.5South and Central America Audit Management Solution Market Forecasts and Analysis - By End-Use Industry
10.5.6South and Central America Audit Management Solution Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Audit Management Solution Market
10.5.6.1.1Brazil Audit Management Solution Market by Enterprise Size
10.5.6.1.2Brazil Audit Management Solution Market by Type of Deployment
10.5.6.1.3Brazil Audit Management Solution Market by End-Use Industry
10.5.6.2Argentina Audit Management Solution Market
10.5.6.2.1Argentina Audit Management Solution Market by Enterprise Size
10.5.6.2.2Argentina Audit Management Solution Market by Type of Deployment
10.5.6.2.3Argentina Audit Management Solution Market by End-Use Industry
10.5.6.3Rest of South and Central America Audit Management Solution Market
10.5.6.3.1Rest of South and Central America Audit Management Solution Market by Enterprise Size
10.5.6.3.2Rest of South and Central America Audit Management Solution Market by Type of Deployment
10.5.6.3.3Rest of South and Central America Audit Management Solution Market by End-Use Industry
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.AUDIT MANAGEMENT SOLUTION MARKET, KEY COMPANY PROFILES
12.1.CHASE COOPER LIMITED
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.GALVANIZE (ACL SERVICES LTD.)
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.IBM CORPORATION
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.MASTERCONTROL, 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.PROTIVITI INC.
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.REFINITIV GROUP OF COMPANIES
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.SAP SE
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.WOLTERS KLUWER FINANCIAL SERVICES, 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.WORKIVA 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.XACTIUM LIMITED
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. Chase Cooper Limited
2. Galvanize (ACL Services Ltd.)
3. IBM Corporation
4. MasterControl, Inc.
5. Protiviti Inc.
6. Refinitiv Group of Companies
7. SAP SE
8. Wolters Kluwer Financial Services, Inc.
9. Workiva Inc.
10. Xactium Limited
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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