Cloud GIS Market Drivers and Opportunities - 2031
The Cloud GIS Market is expected to register a CAGR of 13.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Service Model (Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS)); Deployment (Private Cloud, Public Cloud, Community Cloud, Hybrid Cloud); Application (Traffic Management, E-Commerce and Geo Targeted Advertising, Meteorological, Scientific Research, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the Report
The report Cloud GIS Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cloud GIS Market Segmentation
Service Model
- Software-as-a-Service
- Platform-as-a-Service
- Infrastructure-as-a-Service
Deployment
- Private Cloud
- Public Cloud
- Community Cloud
- Hybrid Cloud
Application
- Traffic Management
- E-Commerce and Geo Targeted Advertising
- Meteorological
- Scientific Research
- Others
Geography
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Geography
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cloud GIS Market: Strategic Insights
Naveen
Have a question?
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
Cloud GIS Market Growth Drivers
- Increased Demand for Geospatial Data: The demand for geospatial data across industries like agriculture, urban planning, transportation, and logistics is driving the Cloud GIS market. Cloud-based GIS solutions offer businesses a scalable and cost-effective way to collect, manage, and analyze location-based data in real time. This enables better decision-making and efficiency, propelling the widespread adoption of Cloud GIS technology.
- Cost Efficiency and Scalability: Cloud GIS solutions offer significant cost advantages by eliminating the need for expensive on-premise infrastructure. The pay-per-use model allows businesses to scale GIS capabilities based on needs, making it more accessible to small and medium-sized enterprises (SMEs). This scalability and cost-effectiveness are key factors driving the adoption of Cloud GIS across industries.
Cloud GIS Market Future Trends
- Mobile and Real-Time GIS Applications: There is a growing trend toward mobile and real-time GIS applications, enabling businesses to access geospatial data from anywhere. Cloud GIS solutions are being optimized for mobile devices, allowing field workers, remote teams, and decision-makers to gather and analyze data in real time. This trend is enhancing operational efficiency across industries like transportation, agriculture, and emergency management.
- Focus on Smart Cities and Urban Planning: Cloud GIS is increasingly being used in the development of smart cities, where it helps manage and analyze urban data such as traffic patterns, public infrastructure, and energy usage. By integrating GIS with other smart city technologies, urban planners can optimize resource allocation, reduce costs, and improve the quality of life for residents, making it a growing trend in urban development.
Cloud GIS Market Opportunities
- Growth in Smart Agriculture: Cloud GIS offers significant opportunities for the agriculture sector, providing tools for precision farming, crop monitoring, and land management. By combining geospatial data with IoT sensors, farmers can optimize irrigation, reduce waste, and improve crop yields. This opens up new revenue opportunities for Cloud GIS providers in the agriculture industry.
- Integration with Internet of Things (IoT): The integration of Cloud GIS with IoT systems provides real-time data analytics, enabling businesses to monitor assets, track environmental conditions, and improve decision-making processes. Industries such as logistics, utilities, and transportation can benefit from this synergy, creating a significant opportunity for Cloud GIS providers to offer IoT-compatible solutions for enhanced operational efficiency.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cloud GIS Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cloud GIS Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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
The Cloud GIS Market is estimated to witness a CAGR of 13.5% from 2023 to 2031
Increasing demand for location-based services and advancements in cloud technology are the major factors driving the cloud GIS market
Development of smart 3D scanners to play a significant role in the global cloud GIS market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
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 Cloud GIS Market - By Service Model
1.3.2 Cloud GIS Market - By Deployment
1.3.3 Cloud GIS Market - By Application
1.3.4 Cloud GIS Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CLOUD GIS 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. CLOUD GIS 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. CLOUD GIS MARKET - GLOBAL MARKET ANALYSIS
6.1. CLOUD GIS - GLOBAL MARKET OVERVIEW
6.2. CLOUD GIS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CLOUD GIS MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE MODEL
7.1. OVERVIEW
7.2. SERVICE MODEL MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE-AS-A-SERVICE (SAAS)
7.3.1. Overview
7.3.2. Software-as-a-Service (SaaS) Market Forecast and Analysis
7.4. PLATFORM-AS-A-SERVICE (PAAS)
7.4.1. Overview
7.4.2. Platform-as-a-Service (PaaS) Market Forecast and Analysis
7.5. INFRASTRUCTURE-AS-A-SERVICE (IAAS)
7.5.1. Overview
7.5.2. Infrastructure-as-a-Service (IaaS) Market Forecast and Analysis
8. CLOUD GIS MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. PRIVATE CLOUD
8.3.1. Overview
8.3.2. Private Cloud Market Forecast and Analysis
8.4. PUBLIC CLOUD
8.4.1. Overview
8.4.2. Public Cloud Market Forecast and Analysis
8.5. COMMUNITY CLOUD
8.5.1. Overview
8.5.2. Community Cloud Market Forecast and Analysis
8.6. HYBRID CLOUD
8.6.1. Overview
8.6.2. Hybrid Cloud Market Forecast and Analysis
9. CLOUD GIS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. TRAFFIC MANAGEMENT
9.3.1. Overview
9.3.2. Traffic Management Market Forecast and Analysis
9.4. E-COMMERCE AND GEO TARGETED ADVERTISING
9.4.1. Overview
9.4.2. E-Commerce and Geo Targeted Advertising Market Forecast and Analysis
9.5. METEOROLOGICAL
9.5.1. Overview
9.5.2. Meteorological Market Forecast and Analysis
9.6. SCIENTIFIC RESEARCH
9.6.1. Overview
9.6.2. Scientific Research Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. CLOUD GIS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Cloud GIS Market Overview
10.1.2 North America Cloud GIS Market Forecasts and Analysis
10.1.3 North America Cloud GIS Market Forecasts and Analysis - By Service Model
10.1.4 North America Cloud GIS Market Forecasts and Analysis - By Deployment
10.1.5 North America Cloud GIS Market Forecasts and Analysis - By Application
10.1.6 North America Cloud GIS Market Forecasts and Analysis - By Countries
10.1.6.1 United States Cloud GIS Market
10.1.6.1.1 United States Cloud GIS Market by Service Model
10.1.6.1.2 United States Cloud GIS Market by Deployment
10.1.6.1.3 United States Cloud GIS Market by Application
10.1.6.2 Canada Cloud GIS Market
10.1.6.2.1 Canada Cloud GIS Market by Service Model
10.1.6.2.2 Canada Cloud GIS Market by Deployment
10.1.6.2.3 Canada Cloud GIS Market by Application
10.1.6.3 Mexico Cloud GIS Market
10.1.6.3.1 Mexico Cloud GIS Market by Service Model
10.1.6.3.2 Mexico Cloud GIS Market by Deployment
10.1.6.3.3 Mexico Cloud GIS Market by Application
10.2. EUROPE
10.2.1 Europe Cloud GIS Market Overview
10.2.2 Europe Cloud GIS Market Forecasts and Analysis
10.2.3 Europe Cloud GIS Market Forecasts and Analysis - By Service Model
10.2.4 Europe Cloud GIS Market Forecasts and Analysis - By Deployment
10.2.5 Europe Cloud GIS Market Forecasts and Analysis - By Application
10.2.6 Europe Cloud GIS Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Cloud GIS Market
10.2.6.1.1 Germany Cloud GIS Market by Service Model
10.2.6.1.2 Germany Cloud GIS Market by Deployment
10.2.6.1.3 Germany Cloud GIS Market by Application
10.2.6.2 France Cloud GIS Market
10.2.6.2.1 France Cloud GIS Market by Service Model
10.2.6.2.2 France Cloud GIS Market by Deployment
10.2.6.2.3 France Cloud GIS Market by Application
10.2.6.3 Italy Cloud GIS Market
10.2.6.3.1 Italy Cloud GIS Market by Service Model
10.2.6.3.2 Italy Cloud GIS Market by Deployment
10.2.6.3.3 Italy Cloud GIS Market by Application
10.2.6.4 United Kingdom Cloud GIS Market
10.2.6.4.1 United Kingdom Cloud GIS Market by Service Model
10.2.6.4.2 United Kingdom Cloud GIS Market by Deployment
10.2.6.4.3 United Kingdom Cloud GIS Market by Application
10.2.6.5 Russia Cloud GIS Market
10.2.6.5.1 Russia Cloud GIS Market by Service Model
10.2.6.5.2 Russia Cloud GIS Market by Deployment
10.2.6.5.3 Russia Cloud GIS Market by Application
10.2.6.6 Rest of Europe Cloud GIS Market
10.2.6.6.1 Rest of Europe Cloud GIS Market by Service Model
10.2.6.6.2 Rest of Europe Cloud GIS Market by Deployment
10.2.6.6.3 Rest of Europe Cloud GIS Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Cloud GIS Market Overview
10.3.2 Asia-Pacific Cloud GIS Market Forecasts and Analysis
10.3.3 Asia-Pacific Cloud GIS Market Forecasts and Analysis - By Service Model
10.3.4 Asia-Pacific Cloud GIS Market Forecasts and Analysis - By Deployment
10.3.5 Asia-Pacific Cloud GIS Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Cloud GIS Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Cloud GIS Market
10.3.6.1.1 Australia Cloud GIS Market by Service Model
10.3.6.1.2 Australia Cloud GIS Market by Deployment
10.3.6.1.3 Australia Cloud GIS Market by Application
10.3.6.2 China Cloud GIS Market
10.3.6.2.1 China Cloud GIS Market by Service Model
10.3.6.2.2 China Cloud GIS Market by Deployment
10.3.6.2.3 China Cloud GIS Market by Application
10.3.6.3 India Cloud GIS Market
10.3.6.3.1 India Cloud GIS Market by Service Model
10.3.6.3.2 India Cloud GIS Market by Deployment
10.3.6.3.3 India Cloud GIS Market by Application
10.3.6.4 Japan Cloud GIS Market
10.3.6.4.1 Japan Cloud GIS Market by Service Model
10.3.6.4.2 Japan Cloud GIS Market by Deployment
10.3.6.4.3 Japan Cloud GIS Market by Application
10.3.6.5 South Korea Cloud GIS Market
10.3.6.5.1 South Korea Cloud GIS Market by Service Model
10.3.6.5.2 South Korea Cloud GIS Market by Deployment
10.3.6.5.3 South Korea Cloud GIS Market by Application
10.3.6.6 Indonesia Cloud GIS Market
10.3.6.6.1 Indonesia Cloud GIS Market by Service Model
10.3.6.6.2 Indonesia Cloud GIS Market by Deployment
10.3.6.6.3 Indonesia Cloud GIS Market by Application
10.3.6.7 Rest of Asia-Pacific Cloud GIS Market
10.3.6.7.1 Rest of Asia-Pacific Cloud GIS Market by Service Model
10.3.6.7.2 Rest of Asia-Pacific Cloud GIS Market by Deployment
10.3.6.7.3 Rest of Asia-Pacific Cloud GIS Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Cloud GIS Market Overview
10.4.2 Middle East and Africa Cloud GIS Market Forecasts and Analysis
10.4.3 Middle East and Africa Cloud GIS Market Forecasts and Analysis - By Service Model
10.4.4 Middle East and Africa Cloud GIS Market Forecasts and Analysis - By Deployment
10.4.5 Middle East and Africa Cloud GIS Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Cloud GIS Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Cloud GIS Market
10.4.6.1.1 South Africa Cloud GIS Market by Service Model
10.4.6.1.2 South Africa Cloud GIS Market by Deployment
10.4.6.1.3 South Africa Cloud GIS Market by Application
10.4.6.2 Saudi Arabia Cloud GIS Market
10.4.6.2.1 Saudi Arabia Cloud GIS Market by Service Model
10.4.6.2.2 Saudi Arabia Cloud GIS Market by Deployment
10.4.6.2.3 Saudi Arabia Cloud GIS Market by Application
10.4.6.3 U.A.E Cloud GIS Market
10.4.6.3.1 U.A.E Cloud GIS Market by Service Model
10.4.6.3.2 U.A.E Cloud GIS Market by Deployment
10.4.6.3.3 U.A.E Cloud GIS Market by Application
10.4.6.4 Rest of Middle East and Africa Cloud GIS Market
10.4.6.4.1 Rest of Middle East and Africa Cloud GIS Market by Service Model
10.4.6.4.2 Rest of Middle East and Africa Cloud GIS Market by Deployment
10.4.6.4.3 Rest of Middle East and Africa Cloud GIS Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Cloud GIS Market Overview
10.5.2 South and Central America Cloud GIS Market Forecasts and Analysis
10.5.3 South and Central America Cloud GIS Market Forecasts and Analysis - By Service Model
10.5.4 South and Central America Cloud GIS Market Forecasts and Analysis - By Deployment
10.5.5 South and Central America Cloud GIS Market Forecasts and Analysis - By Application
10.5.6 South and Central America Cloud GIS Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Cloud GIS Market
10.5.6.1.1 Brazil Cloud GIS Market by Service Model
10.5.6.1.2 Brazil Cloud GIS Market by Deployment
10.5.6.1.3 Brazil Cloud GIS Market by Application
10.5.6.2 Argentina Cloud GIS Market
10.5.6.2.1 Argentina Cloud GIS Market by Service Model
10.5.6.2.2 Argentina Cloud GIS Market by Deployment
10.5.6.2.3 Argentina Cloud GIS Market by Application
10.5.6.3 Rest of South and Central America Cloud GIS Market
10.5.6.3.1 Rest of South and Central America Cloud GIS Market by Service Model
10.5.6.3.2 Rest of South and Central America Cloud GIS Market by Deployment
10.5.6.3.3 Rest of South and Central America Cloud GIS Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CLOUD GIS MARKET, KEY COMPANY PROFILES
12.1. CARTODB
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. ESRI
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. GIS CLOUD LTD
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. GOOGLE LLC
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. HEXAGON AB
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. ORACLE CORPORATION
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. ROK TECHNOLOGIES
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. SOURCEPOLE AG
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. SUPERMAP SOFTWARE CO., LTD.
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. BENTLEY SYSTEMS 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
The List of Companies
1. CartoDB
2. ESRI
3. GIS Cloud Ltd
4. Google LLC
5. Hexagon AB
6. Oracle Corporation
7. ROK Technologies
8. Sourcepole AG
9. SuperMap Software Co., Ltd.
10. Bentley Systems 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