Business Process Automation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Business Process Automation Market covers analysis By Component (Solution, Service); Organization Size (Small Enterprise, Medium Enterprise, Large Enterprise); Vertical (Automotive, Healthcare, Manufacturing Retail and E-commerce, Transportation and Logistics, IT and Telecom) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00020295
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Business Process Automation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

Business process automation is mechanization of different tasks being implemented in industry verticals to ensure the smooth working of an enterprise. In other words, business process automation makes use of technology to automate repetitive, daily tasks. Business process automation accelerates the work done by communicating information at the right time to the right person through user-defined actions and rules. It helps organizations streamline processes such as accounts payable, contract management, employee onboarding, and more. Digitization is majorly focused on reducing the manual effort and simplifying the work with the help of machines and algorithms which is then implemented in business process automation.

MARKET DYNAMICS

Business process automation decreases increases operational productivities, creates cost savings, reduces wastage, and improves cross team relationships. Real time information and data administration also drives the market as it involves taking a business approach. Business process automation supports organizations to improve productivity, reduces replication and downtime, thus resulting in cost reduction thus resulting in the adoption of the business process automation solution. The business process mechanization also provides back-up and archival assistance for the data. Moreover, swift disaster recovery is also possible, that improves business continuity and leads to market growth. Intelligent and reliable collection of information makes the process easier. These are the driving factors of the business process automation market.

MARKET SCOPE

The "Global Business Process Automation Market Analysis to 2031" is a specialized and in-depth study of the business process automation market with a special focus on the global market trend analysis. The report aims to provide an overview of business process automation market with detailed market segmentation by component, organization size, vertical. The global business process automation market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading business process automation market player and offers key trends and opportunities in the business process automation market.

MARKET SEGMENTATION

The global business process automation market is segmented on the basis of component, organization size, vertical. On the basis of component, market is segmented as solution, service. On the basis of organization size, market is segmented as small enterprise, medium enterprise, large enterprise. On the basis of vertical, market is segmented as automotive, healthcare, manufacturing retail and e-commerce, transportation and logistics, IT and telecom


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 business process automation 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 business process automation 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 business process automation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the business process automation market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global business process automation 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 business process automation 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 business process automation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the business process automation market in these regions.

MARKET PLAYERS

The reports cover key developments in the business process automation market 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 business process automation market are anticipated to lucrative growth opportunities in the future with the rising demand for business process automation market. Below mentioned is the list of few companies engaged in the business process automation market.

The report also includes the profiles of key business process automation 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.

  •   Tata Consultancy Services Limited
  •   Infosys Limited
  •   IBM Corporation
  •   SAP SE
  •   Cognizant
  •   Mindtree
  •   Nintex
  •   Pegasystems
  •   Tibco
  •   Oracle

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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Business Process Automation Market - By Component
1.3.2Business Process Automation Market - By Organization Size
1.3.3Business Process Automation Market - By Vertical
1.3.4Business Process Automation Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.BUSINESS PROCESS AUTOMATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.BUSINESS PROCESS AUTOMATION 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.BUSINESS PROCESS AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
6.1.BUSINESS PROCESS AUTOMATION - GLOBAL MARKET OVERVIEW
6.2.BUSINESS PROCESS AUTOMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.BUSINESS PROCESS AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 â" COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.SOLUTION
7.3.1.Overview
7.3.2.Solution Market Forecast and Analysis
7.4.SERVICE
7.4.1.Overview
7.4.2.Service Market Forecast and Analysis
8.BUSINESS PROCESS AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 â" ORGANIZATION SIZE
8.1.OVERVIEW
8.2.ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3.SMALL ENTERPRISE
8.3.1.Overview
8.3.2.Small Enterprise Market Forecast and Analysis
8.4.MEDIUM ENTERPRISE
8.4.1.Overview
8.4.2.Medium Enterprise Market Forecast and Analysis
8.5.LARGE ENTERPRISE
8.5.1.Overview
8.5.2.Large Enterprise Market Forecast and Analysis
9.BUSINESS PROCESS AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 â" VERTICAL
9.1.OVERVIEW
9.2.VERTICAL MARKET FORECASTS AND ANALYSIS
9.3.AUTOMOTIVE
9.3.1.Overview
9.3.2.Automotive Market Forecast and Analysis
9.4.HEALTHCARE
9.4.1.Overview
9.4.2.Healthcare Market Forecast and Analysis
9.5.MANUFACTURING RETAIL AND E-COMMERCE
9.5.1.Overview
9.5.2.Manufacturing Retail and E-commerce Market Forecast and Analysis
9.6.TRANSPORTATION AND LOGISTICS
9.6.1.Overview
9.6.2.Transportation and Logistics Market Forecast and Analysis
9.7.IT AND TELECOM
9.7.1.Overview
9.7.2.IT and Telecom Market Forecast and Analysis

10.BUSINESS PROCESS AUTOMATION MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Business Process Automation Market Overview
10.1.2North America Business Process Automation Market Forecasts and Analysis
10.1.3North America Business Process Automation Market Forecasts and Analysis - By Component
10.1.4North America Business Process Automation Market Forecasts and Analysis - By Organization Size
10.1.5North America Business Process Automation Market Forecasts and Analysis - By Vertical
10.1.6North America Business Process Automation Market Forecasts and Analysis - By Countries
10.1.6.1United States Business Process Automation Market
10.1.6.1.1United States Business Process Automation Market by Component
10.1.6.1.2United States Business Process Automation Market by Organization Size
10.1.6.1.3United States Business Process Automation Market by Vertical
10.1.6.2Canada Business Process Automation Market
10.1.6.2.1Canada Business Process Automation Market by Component
10.1.6.2.2Canada Business Process Automation Market by Organization Size
10.1.6.2.3Canada Business Process Automation Market by Vertical
10.1.6.3Mexico Business Process Automation Market
10.1.6.3.1Mexico Business Process Automation Market by Component
10.1.6.3.2Mexico Business Process Automation Market by Organization Size
10.1.6.3.3Mexico Business Process Automation Market by Vertical
10.2.EUROPE
10.2.1Europe Business Process Automation Market Overview
10.2.2Europe Business Process Automation Market Forecasts and Analysis
10.2.3Europe Business Process Automation Market Forecasts and Analysis - By Component
10.2.4Europe Business Process Automation Market Forecasts and Analysis - By Organization Size
10.2.5Europe Business Process Automation Market Forecasts and Analysis - By Vertical
10.2.6Europe Business Process Automation Market Forecasts and Analysis - By Countries
10.2.6.1Germany Business Process Automation Market
10.2.6.1.1Germany Business Process Automation Market by Component
10.2.6.1.2Germany Business Process Automation Market by Organization Size
10.2.6.1.3Germany Business Process Automation Market by Vertical
10.2.6.2France Business Process Automation Market
10.2.6.2.1France Business Process Automation Market by Component
10.2.6.2.2France Business Process Automation Market by Organization Size
10.2.6.2.3France Business Process Automation Market by Vertical
10.2.6.3Italy Business Process Automation Market
10.2.6.3.1Italy Business Process Automation Market by Component
10.2.6.3.2Italy Business Process Automation Market by Organization Size
10.2.6.3.3Italy Business Process Automation Market by Vertical
10.2.6.4United Kingdom Business Process Automation Market
10.2.6.4.1United Kingdom Business Process Automation Market by Component
10.2.6.4.2United Kingdom Business Process Automation Market by Organization Size
10.2.6.4.3United Kingdom Business Process Automation Market by Vertical
10.2.6.5Russia Business Process Automation Market
10.2.6.5.1Russia Business Process Automation Market by Component
10.2.6.5.2Russia Business Process Automation Market by Organization Size
10.2.6.5.3Russia Business Process Automation Market by Vertical
10.2.6.6Rest of Europe Business Process Automation Market
10.2.6.6.1Rest of Europe Business Process Automation Market by Component
10.2.6.6.2Rest of Europe Business Process Automation Market by Organization Size
10.2.6.6.3Rest of Europe Business Process Automation Market by Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Business Process Automation Market Overview
10.3.2Asia-Pacific Business Process Automation Market Forecasts and Analysis
10.3.3Asia-Pacific Business Process Automation Market Forecasts and Analysis - By Component
10.3.4Asia-Pacific Business Process Automation Market Forecasts and Analysis - By Organization Size
10.3.5Asia-Pacific Business Process Automation Market Forecasts and Analysis - By Vertical
10.3.6Asia-Pacific Business Process Automation Market Forecasts and Analysis - By Countries
10.3.6.1Australia Business Process Automation Market
10.3.6.1.1Australia Business Process Automation Market by Component
10.3.6.1.2Australia Business Process Automation Market by Organization Size
10.3.6.1.3Australia Business Process Automation Market by Vertical
10.3.6.2China Business Process Automation Market
10.3.6.2.1China Business Process Automation Market by Component
10.3.6.2.2China Business Process Automation Market by Organization Size
10.3.6.2.3China Business Process Automation Market by Vertical
10.3.6.3India Business Process Automation Market
10.3.6.3.1India Business Process Automation Market by Component
10.3.6.3.2India Business Process Automation Market by Organization Size
10.3.6.3.3India Business Process Automation Market by Vertical
10.3.6.4Japan Business Process Automation Market
10.3.6.4.1Japan Business Process Automation Market by Component
10.3.6.4.2Japan Business Process Automation Market by Organization Size
10.3.6.4.3Japan Business Process Automation Market by Vertical
10.3.6.5South Korea Business Process Automation Market
10.3.6.5.1South Korea Business Process Automation Market by Component
10.3.6.5.2South Korea Business Process Automation Market by Organization Size
10.3.6.5.3South Korea Business Process Automation Market by Vertical
10.3.6.6Rest of Asia-Pacific Business Process Automation Market
10.3.6.6.1Rest of Asia-Pacific Business Process Automation Market by Component
10.3.6.6.2Rest of Asia-Pacific Business Process Automation Market by Organization Size
10.3.6.6.3Rest of Asia-Pacific Business Process Automation Market by Vertical
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Business Process Automation Market Overview
10.4.2Middle East and Africa Business Process Automation Market Forecasts and Analysis
10.4.3Middle East and Africa Business Process Automation Market Forecasts and Analysis - By Component
10.4.4Middle East and Africa Business Process Automation Market Forecasts and Analysis - By Organization Size
10.4.5Middle East and Africa Business Process Automation Market Forecasts and Analysis - By Vertical
10.4.6Middle East and Africa Business Process Automation Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Business Process Automation Market
10.4.6.1.1South Africa Business Process Automation Market by Component
10.4.6.1.2South Africa Business Process Automation Market by Organization Size
10.4.6.1.3South Africa Business Process Automation Market by Vertical
10.4.6.2Saudi Arabia Business Process Automation Market
10.4.6.2.1Saudi Arabia Business Process Automation Market by Component
10.4.6.2.2Saudi Arabia Business Process Automation Market by Organization Size
10.4.6.2.3Saudi Arabia Business Process Automation Market by Vertical
10.4.6.3U.A.E Business Process Automation Market
10.4.6.3.1U.A.E Business Process Automation Market by Component
10.4.6.3.2U.A.E Business Process Automation Market by Organization Size
10.4.6.3.3U.A.E Business Process Automation Market by Vertical
10.4.6.4Rest of Middle East and Africa Business Process Automation Market
10.4.6.4.1Rest of Middle East and Africa Business Process Automation Market by Component
10.4.6.4.2Rest of Middle East and Africa Business Process Automation Market by Organization Size
10.4.6.4.3Rest of Middle East and Africa Business Process Automation Market by Vertical
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Business Process Automation Market Overview
10.5.2South and Central America Business Process Automation Market Forecasts and Analysis
10.5.3South and Central America Business Process Automation Market Forecasts and Analysis - By Component
10.5.4South and Central America Business Process Automation Market Forecasts and Analysis - By Organization Size
10.5.5South and Central America Business Process Automation Market Forecasts and Analysis - By Vertical
10.5.6South and Central America Business Process Automation Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Business Process Automation Market
10.5.6.1.1Brazil Business Process Automation Market by Component
10.5.6.1.2Brazil Business Process Automation Market by Organization Size
10.5.6.1.3Brazil Business Process Automation Market by Vertical
10.5.6.2Argentina Business Process Automation Market
10.5.6.2.1Argentina Business Process Automation Market by Component
10.5.6.2.2Argentina Business Process Automation Market by Organization Size
10.5.6.2.3Argentina Business Process Automation Market by Vertical
10.5.6.3Rest of South and Central America Business Process Automation Market
10.5.6.3.1Rest of South and Central America Business Process Automation Market by Component
10.5.6.3.2Rest of South and Central America Business Process Automation Market by Organization Size
10.5.6.3.3Rest of South and Central America Business Process Automation Market by Vertical

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.BUSINESS PROCESS AUTOMATION MARKET, KEY COMPANY PROFILES
12.1.TATA CONSULTANCY SERVICES 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.INFOSYS LIMITED
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.SAP SE
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.COGNIZANT
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.MINDTREE
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.NINTEX
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.PEGASYSTEMS
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.TIBCO
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.ORACLE
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
The List of Companies

1. Tata Consultancy Services Limited
2. Infosys Limited
3. IBM Corporation
4. SAP SE
5. Cognizant
6. Mindtree
7. Nintex
8. Pegasystems
9. Tibco
10. Oracle

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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