Blockchain Identity Management Market Growth Analysis - 2031
The Blockchain Identity Management Market size is expected to grow from US$ 1.75 billion in 2023 to US$ 235.83 billion by 2031; it is anticipated to expand at a CAGR of 84.6% from 2023 to 2031. Identity management refers to the processes, policies, and technologies that ensure that only authorized users have access to technical resources. Many of today's digital identity management systems have drawbacks, including the possibility of data breaches, a poor user experience due to the need to maintain so many accounts, and a lack of control over user data. The benefits of blockchain identity management include speedier verification processes, lower verification costs, and improved data privacy and security. Blockchain identity management has a rising number of applications in a variety of industries and sectors, including finance, education, and the workforce.
Blockchain Identity Management Market Analysis
The blockchain identity managementmarketforecast is estimated on the basis of various secondary and primary research findings, such as key company publications, association data, and databases. Blockchain technology is a key approach for preventing large-scale data breaches in the future. Blockchain technology is a peer-to-peer distributed, immutable ledger of information. Every "block" of information provides a complete and accurate record of each transaction, which cannot be changed once validated and is cryptographically secure.
Amidst the rising number of identity frauds, there is an increasing need among professionals for better technology to protect the digital identity of their consumers or employees. For instance, according to the FTC (Federal Trade Commission) report, of the 5.7 million cases submitted to the FTC, 1.4 million (25%) were specifically related to identity theft. In its reporting, the FTC distinguishes between identity theft and fraud. According to experts, these occurrences occur so often that a new victim is reported every 22 seconds. Most studies predict that this ratio will rise in 2024, making it a more pressing issue for Americans.
Blockchain technology might ultimately eliminate the need for intermediaries and give individuals complete control over their digital identities.
Blockchain Identity Management
Industry Overview
- Most Identity and Access Management (IAM) systems today rely on centralized databases, resulting in a single point of failure. This puts millions of people's personally identifiable information (PII) at great risk of being compromised. Blockchain helps to overcome this problem by decentralizing IAM and providing decentralized IDs.
- In an increasingly digitized world where online interactions and transactions are the norm, the need for safe and dependable digital identity management has never been greater. Traditional methods of identification verification and authentication are frequently centralized. This exposes individuals and businesses to the risk of data breaches and identity theft. Enter blockchain technology, a decentralized and tamper-resistant system that has the potential to revolutionize the way we maintain digital identities.
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Blockchain Identity Management Market: Strategic Insights
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Blockchain Identity Management Market: Strategic Insights
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Blockchain Identity Management Market Driver
Technological Advances to Prevent Identity Thefts to Drive the Blockchain Identity Management Market
- Blockchain has gained popularity due to its ability to conduct secure transactions and avoid identity theft. Identity theft is a major issue, with about 60 million people falling victim in the United States alone. Imagine the worldwide magnitude of stolen identities. Many people are unaware that their identities have been stolen until they experience terrible consequences. Without sufficient safeguards to protect customer identity, online firms risk losing brand loyalty and reputation. Blockchain gives consumers more control over their personal information and a dependable method of preventing identity fraud.
- Blockchain technology offers a few benefits for securing user data and preventing criminal identities from entering the system. Blockchain is frequently used as a cybersecurity tool to combat identity theft. The level of security it provides can assist in preventing personal data from falling into the hands of undesirable actors. Blockchain's distributed ledger is a database for keeping track of digital records. Every user's personal information on the ledger is safeguarded using cryptographic keys, which are a means for encoding data in machine-readable form. It makes it difficult for hackers and cybercriminals to decrypt the keys and gain access to important credentials.
Blockchain Identity Management
Market Report Segmentation Analysis
- Based on the industry, the blockchain identity management market report is segmented into BFSI, government, healthcare, telecom and IT, retail, transport and logistics, and others. The BFSI segment is expected to hold a significant blockchain identity management market share in 2023.
- Blockchain identity services have been widely adopted by several sectors or companies in order to improve security and privacy. From healthcare's secure patient data to finance's fortified KYC, each sector has taken advantage of blockchain's promise in identity management, allowing for smooth interactions.
Blockchain Identity Management
Market Analysis by Geography
The scope of the blockchain identity management market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is experiencing rapid growth and is anticipated to hold a significant Blockchain Identity Management market share. The region's significant technological development in the field of blockchain has contributed to this growth. North America is home to many developing countries like the US and Canada, driving the Blockchain Identity Management market growth.
Blockchain Identity Management
Market Report Scope
The "Blockchain Identity Management Market Analysis" was carried out based on core investment strategies and geography. In terms of provider type, the market is segmented into application provider, middleware provider, and infrastructure provider. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the Blockchain Identity Management market. A few recent key market developments are listed below:
- In June 2019, Accenture, in partnership with Microsoft and Avanade, developed an identity prototype based on blockchain technology – a type of database system that enables multiple parties to share access to the same data with an extremely high level of confidence and security
[Source: Accenture, Company Website]
Blockchain Identity Management
Market Report Coverage & Deliverables
The market report "Blockchain Identity Management Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.
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.
Frequently Asked Questions
Self-sovereign identity is impacting blockchain identity management, which is anticipated to bring new Blockchain Identity Management market trends in the coming years.
The key players holding majority shares in the global Blockchain Identity Management market are Alphabet, IBM, AWS, Microsoft, and Bitfury.
The global Blockchain Identity Management market was estimated to be US$ 1.75 billion in 2023 and is expected to grow at a CAGR of 84.6% during the forecast period 2023 - 2031.
The global blockchain identity management market is expected to reach US$ 235.83 billion by 2031.
Regulatory compliances and the rise of decentralized identity are the major factors that propel the global Blockchain Identity Management market growth.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Blockchain Identity Management Market - By Provider
1.3.2 Blockchain Identity Management Market - By Vertical
1.3.3 Blockchain Identity Management Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOCKCHAIN IDENTITY 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. BLOCKCHAIN IDENTITY 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. BLOCKCHAIN IDENTITY MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. BLOCKCHAIN IDENTITY MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. BLOCKCHAIN IDENTITY MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BLOCKCHAIN IDENTITY MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - PROVIDER
7.1. OVERVIEW
7.2. PROVIDER MARKET FORECASTS AND ANALYSIS
7.3. INFRASTRUCTURE PROVIDER
7.3.1. Overview
7.3.2. Infrastructure Provider Market Forecast and Analysis
7.4. MIDDLEWARE PROVIDER
7.4.1. Overview
7.4.2. Middleware Provider Market Forecast and Analysis
7.5. INFRASTRUCTURE PROVIDER
7.5.1. Overview
7.5.2. Infrastructure Provider Market Forecast and Analysis
8. BLOCKCHAIN IDENTITY MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - VERTICAL
8.1. OVERVIEW
8.2. VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. GOVERNMENT
8.4.1. Overview
8.4.2. Government Market Forecast and Analysis
8.5. HEALTHCARE AND LIFE SCIENCES
8.5.1. Overview
8.5.2. Healthcare and Life Sciences Market Forecast and Analysis
8.6. TELECOM AND IT
8.6.1. Overview
8.6.2. Telecom and IT Market Forecast and Analysis
8.7. RETAIL AND E-COMMERCE
8.7.1. Overview
8.7.2. Retail and e-Commerce Market Forecast and Analysis
8.8. TRANSPORT AND LOGISTICS
8.8.1. Overview
8.8.2. Transport and Logistics Market Forecast and Analysis
8.9. REAL ESTATE
8.9.1. Overview
8.9.2. Real Estate Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis
9. BLOCKCHAIN IDENTITY MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Blockchain Identity Management Market Overview
9.1.2 North America Blockchain Identity Management Market Forecasts and Analysis
9.1.3 North America Blockchain Identity Management Market Forecasts and Analysis - By Provider
9.1.4 North America Blockchain Identity Management Market Forecasts and Analysis - By Vertical
9.1.5 North America Blockchain Identity Management Market Forecasts and Analysis - By Countries
9.1.5.1 United States Blockchain Identity Management Market
9.1.5.1.1 United States Blockchain Identity Management Market by Provider
9.1.5.1.2 United States Blockchain Identity Management Market by Vertical
9.1.5.2 Canada Blockchain Identity Management Market
9.1.5.2.1 Canada Blockchain Identity Management Market by Provider
9.1.5.2.2 Canada Blockchain Identity Management Market by Vertical
9.1.5.3 Mexico Blockchain Identity Management Market
9.1.5.3.1 Mexico Blockchain Identity Management Market by Provider
9.1.5.3.2 Mexico Blockchain Identity Management Market by Vertical
9.2. EUROPE
9.2.1 Europe Blockchain Identity Management Market Overview
9.2.2 Europe Blockchain Identity Management Market Forecasts and Analysis
9.2.3 Europe Blockchain Identity Management Market Forecasts and Analysis - By Provider
9.2.4 Europe Blockchain Identity Management Market Forecasts and Analysis - By Vertical
9.2.5 Europe Blockchain Identity Management Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Blockchain Identity Management Market
9.2.5.1.1 Germany Blockchain Identity Management Market by Provider
9.2.5.1.2 Germany Blockchain Identity Management Market by Vertical
9.2.5.2 France Blockchain Identity Management Market
9.2.5.2.1 France Blockchain Identity Management Market by Provider
9.2.5.2.2 France Blockchain Identity Management Market by Vertical
9.2.5.3 Italy Blockchain Identity Management Market
9.2.5.3.1 Italy Blockchain Identity Management Market by Provider
9.2.5.3.2 Italy Blockchain Identity Management Market by Vertical
9.2.5.4 United Kingdom Blockchain Identity Management Market
9.2.5.4.1 United Kingdom Blockchain Identity Management Market by Provider
9.2.5.4.2 United Kingdom Blockchain Identity Management Market by Vertical
9.2.5.5 Russia Blockchain Identity Management Market
9.2.5.5.1 Russia Blockchain Identity Management Market by Provider
9.2.5.5.2 Russia Blockchain Identity Management Market by Vertical
9.2.5.6 Rest of Europe Blockchain Identity Management Market
9.2.5.6.1 Rest of Europe Blockchain Identity Management Market by Provider
9.2.5.6.2 Rest of Europe Blockchain Identity Management Market by Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Blockchain Identity Management Market Overview
9.3.2 Asia-Pacific Blockchain Identity Management Market Forecasts and Analysis
9.3.3 Asia-Pacific Blockchain Identity Management Market Forecasts and Analysis - By Provider
9.3.4 Asia-Pacific Blockchain Identity Management Market Forecasts and Analysis - By Vertical
9.3.5 Asia-Pacific Blockchain Identity Management Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Blockchain Identity Management Market
9.3.5.1.1 Australia Blockchain Identity Management Market by Provider
9.3.5.1.2 Australia Blockchain Identity Management Market by Vertical
9.3.5.2 China Blockchain Identity Management Market
9.3.5.2.1 China Blockchain Identity Management Market by Provider
9.3.5.2.2 China Blockchain Identity Management Market by Vertical
9.3.5.3 India Blockchain Identity Management Market
9.3.5.3.1 India Blockchain Identity Management Market by Provider
9.3.5.3.2 India Blockchain Identity Management Market by Vertical
9.3.5.4 Japan Blockchain Identity Management Market
9.3.5.4.1 Japan Blockchain Identity Management Market by Provider
9.3.5.4.2 Japan Blockchain Identity Management Market by Vertical
9.3.5.5 South Korea Blockchain Identity Management Market
9.3.5.5.1 South Korea Blockchain Identity Management Market by Provider
9.3.5.5.2 South Korea Blockchain Identity Management Market by Vertical
9.3.5.6 Rest of Asia-Pacific Blockchain Identity Management Market
9.3.5.6.1 Rest of Asia-Pacific Blockchain Identity Management Market by Provider
9.3.5.6.2 Rest of Asia-Pacific Blockchain Identity Management Market by Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Blockchain Identity Management Market Overview
9.4.2 Middle East and Africa Blockchain Identity Management Market Forecasts and Analysis
9.4.3 Middle East and Africa Blockchain Identity Management Market Forecasts and Analysis - By Provider
9.4.4 Middle East and Africa Blockchain Identity Management Market Forecasts and Analysis - By Vertical
9.4.5 Middle East and Africa Blockchain Identity Management Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Blockchain Identity Management Market
9.4.5.1.1 South Africa Blockchain Identity Management Market by Provider
9.4.5.1.2 South Africa Blockchain Identity Management Market by Vertical
9.4.5.2 Saudi Arabia Blockchain Identity Management Market
9.4.5.2.1 Saudi Arabia Blockchain Identity Management Market by Provider
9.4.5.2.2 Saudi Arabia Blockchain Identity Management Market by Vertical
9.4.5.3 U.A.E Blockchain Identity Management Market
9.4.5.3.1 U.A.E Blockchain Identity Management Market by Provider
9.4.5.3.2 U.A.E Blockchain Identity Management Market by Vertical
9.4.5.4 Rest of Middle East and Africa Blockchain Identity Management Market
9.4.5.4.1 Rest of Middle East and Africa Blockchain Identity Management Market by Provider
9.4.5.4.2 Rest of Middle East and Africa Blockchain Identity Management Market by Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Blockchain Identity Management Market Overview
9.5.2 South and Central America Blockchain Identity Management Market Forecasts and Analysis
9.5.3 South and Central America Blockchain Identity Management Market Forecasts and Analysis - By Provider
9.5.4 South and Central America Blockchain Identity Management Market Forecasts and Analysis - By Vertical
9.5.5 South and Central America Blockchain Identity Management Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Blockchain Identity Management Market
9.5.5.1.1 Brazil Blockchain Identity Management Market by Provider
9.5.5.1.2 Brazil Blockchain Identity Management Market by Vertical
9.5.5.2 Argentina Blockchain Identity Management Market
9.5.5.2.1 Argentina Blockchain Identity Management Market by Provider
9.5.5.2.2 Argentina Blockchain Identity Management Market by Vertical
9.5.5.3 Rest of South and Central America Blockchain Identity Management Market
9.5.5.3.1 Rest of South and Central America Blockchain Identity Management Market by Provider
9.5.5.3.2 Rest of South and Central America Blockchain Identity Management Market by Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BLOCKCHAIN IDENTITY MANAGEMENT MARKET, KEY COMPANY PROFILES
11.1. AMAZON WEB SERVICES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BITFURY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BTL GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CIVIC TECHNOLOGIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVERNYM
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FACTOM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IBM CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KYC-CHAIN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NETKI
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHOCARD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Alphabet
- IBM
- AWS
- Microsoft
- Bitfury
- NEC
- Dock
- Serto
- Coinfirm
- Accumulate
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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