Cold Chain Temperature Monitoring Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The growing global demand for temperature-sensitive drugs and mounting governmental focus on issuing policies impacting supply chain efficiency of fast-growing pharmaceuticals sector are creating profitable opportunities for the cold chain temperature monitoring market in the forecast period.
MARKET DYNAMICS
The rising demand for better food quality and need to reduce food wastage is driving the cold chain temperature monitoring market. The high cost of implementation may restrain the growth of the cold chain temperature monitoring market. Furthermore, growing availability of cold chain logistics in developing countries is anticipated to create market opportunities for the cold chain temperature monitoring market during the forecast period.
MARKET SCOPE
The "Global Cold Chain Temperature Monitoring Market Analysis to 2031" is a specialized and in-depth study of the Cold Chain Temperature Monitoring market with a special focus on the global market trend analysis. The report aims to provide an overview of Cold Chain Temperature Monitoring market with detailed market segmentation by component, end-users, and geography. The global Cold Chain Temperature Monitoring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Cold Chain Temperature Monitoring market players and offers key trends and opportunities in the Cold Chain Temperature Monitoring market.
MARKET SEGMENTATION
The global Cold Chain Temperature Monitoring market is segmented on the basis of component, and end-users. On the basis of component the market is segmented into hardware and software. Similarly, on the basis of end-users the market is segmented into fish, meat and seafood, process food, pharmaceuticals, bakery and confectionaries, fruits and vegetables, dairy products, and others.
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 Cold Chain Temperature Monitoring 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 Cold Chain Temperature Monitoring 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 Cold Chain Temperature Monitoring 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 Cold Chain Temperature Monitoring 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 overview and forecast of the global Cold Chain Temperature Monitoring 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 Cold Chain Temperature Monitoring 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 Cold Chain Temperature Monitoring 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 Cold Chain Temperature Monitoring market in these regions.
MARKET PLAYERS
The reports cover key developments in the Cold Chain Temperature Monitoring 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 way for expansion of business and customer base of market players. The market players from Cold Chain Temperature Monitoring market are anticipated to lucrative growth opportunities in the future with the rising demand for Cold Chain Temperature Monitoring market. Below mentioned is the list of few companies engaged in the Cold Chain Temperature Monitoring market.
The report also includes the profiles of key Cold Chain Temperature Monitoring 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.
- Berlinger & Co. AG
- Carrier Global Corporation (Sensitech, Inc.)
- Daikin Industries, Ltd.
- Infratab, Inc.
- Klinge Corporation
- Monnit Corporation
- Orbcomm, Inc. (Northrop Grumman Corporation),
- Savi Technology, Inc.
- Veridify Security, Inc.
- Zest Labs, Inc. (Ecoark Holdings, Inc.)
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cold Chain Temperature Monitoring Market - By Component
1.3.2 Cold Chain Temperature Monitoring Market - By End-Users
1.3.3 Cold Chain Temperature Monitoring Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COLD CHAIN TEMPERATURE MONITORING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. COLD CHAIN TEMPERATURE MONITORING 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. COLD CHAIN TEMPERATURE MONITORING MARKET - GLOBAL MARKET ANALYSIS
6.1. COLD CHAIN TEMPERATURE MONITORING - GLOBAL MARKET OVERVIEW
6.2. COLD CHAIN TEMPERATURE MONITORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COLD CHAIN TEMPERATURE MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Conventional Temperature Loggers Market
7.3.3.1. Overview
7.3.3.2. Conventional Temperature Loggers Market Forecast and Analysis
7.3.4. Real-Time Monitoring Devices Market
7.3.4.1. Overview
7.3.4.2. Real-Time Monitoring Devices Market Forecast and Analysis
7.3.5. Temperature Indicators Market
7.3.5.1. Overview
7.3.5.2. Temperature Indicators Market Forecast and Analysis
7.3.6. Resistance Temperature Detectors Market
7.3.6.1. Overview
7.3.6.2. Resistance Temperature Detectors Market Forecast and Analysis
7.3.7. Others Market
7.3.7.1. Overview
7.3.7.2. Others Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
8. COLD CHAIN TEMPERATURE MONITORING MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
8.1. OVERVIEW
8.2. END-USERS MARKET FORECASTS AND ANALYSIS
8.3. FISH, MEAT AND SEAFOOD
8.3.1. Overview
8.3.2. Fish, Meat and Seafood Market Forecast and Analysis
8.4. PROCESSED FOOD
8.4.1. Overview
8.4.2. Processed Food Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. BAKERY AND CONFECTIONARIES
8.6.1. Overview
8.6.2. Bakery and Confectionaries Market Forecast and Analysis
8.7. FRUITS AND VEGETABLES
8.7.1. Overview
8.7.2. Fruits and Vegetables Market Forecast and Analysis
8.8. DAIRY PRODUCTS
8.8.1. Overview
8.8.2. Dairy Products Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. COLD CHAIN TEMPERATURE MONITORING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cold Chain Temperature Monitoring Market Overview
9.1.2 North America Cold Chain Temperature Monitoring Market Forecasts and Analysis
9.1.3 North America Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Component
9.1.4 North America Cold Chain Temperature Monitoring Market Forecasts and Analysis - By End-Users
9.1.5 North America Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cold Chain Temperature Monitoring Market
9.1.5.1.1 United States Cold Chain Temperature Monitoring Market by Component
9.1.5.1.2 United States Cold Chain Temperature Monitoring Market by End-Users
9.1.5.2 Canada Cold Chain Temperature Monitoring Market
9.1.5.2.1 Canada Cold Chain Temperature Monitoring Market by Component
9.1.5.2.2 Canada Cold Chain Temperature Monitoring Market by End-Users
9.1.5.3 Mexico Cold Chain Temperature Monitoring Market
9.1.5.3.1 Mexico Cold Chain Temperature Monitoring Market by Component
9.1.5.3.2 Mexico Cold Chain Temperature Monitoring Market by End-Users
9.2. EUROPE
9.2.1 Europe Cold Chain Temperature Monitoring Market Overview
9.2.2 Europe Cold Chain Temperature Monitoring Market Forecasts and Analysis
9.2.3 Europe Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Component
9.2.4 Europe Cold Chain Temperature Monitoring Market Forecasts and Analysis - By End-Users
9.2.5 Europe Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cold Chain Temperature Monitoring Market
9.2.5.1.1 Germany Cold Chain Temperature Monitoring Market by Component
9.2.5.1.2 Germany Cold Chain Temperature Monitoring Market by End-Users
9.2.5.2 France Cold Chain Temperature Monitoring Market
9.2.5.2.1 France Cold Chain Temperature Monitoring Market by Component
9.2.5.2.2 France Cold Chain Temperature Monitoring Market by End-Users
9.2.5.3 Italy Cold Chain Temperature Monitoring Market
9.2.5.3.1 Italy Cold Chain Temperature Monitoring Market by Component
9.2.5.3.2 Italy Cold Chain Temperature Monitoring Market by End-Users
9.2.5.4 United Kingdom Cold Chain Temperature Monitoring Market
9.2.5.4.1 United Kingdom Cold Chain Temperature Monitoring Market by Component
9.2.5.4.2 United Kingdom Cold Chain Temperature Monitoring Market by End-Users
9.2.5.5 Russia Cold Chain Temperature Monitoring Market
9.2.5.5.1 Russia Cold Chain Temperature Monitoring Market by Component
9.2.5.5.2 Russia Cold Chain Temperature Monitoring Market by End-Users
9.2.5.6 Rest of Europe Cold Chain Temperature Monitoring Market
9.2.5.6.1 Rest of Europe Cold Chain Temperature Monitoring Market by Component
9.2.5.6.2 Rest of Europe Cold Chain Temperature Monitoring Market by End-Users
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cold Chain Temperature Monitoring Market Overview
9.3.2 Asia-Pacific Cold Chain Temperature Monitoring Market Forecasts and Analysis
9.3.3 Asia-Pacific Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Cold Chain Temperature Monitoring Market Forecasts and Analysis - By End-Users
9.3.5 Asia-Pacific Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cold Chain Temperature Monitoring Market
9.3.5.1.1 Australia Cold Chain Temperature Monitoring Market by Component
9.3.5.1.2 Australia Cold Chain Temperature Monitoring Market by End-Users
9.3.5.2 China Cold Chain Temperature Monitoring Market
9.3.5.2.1 China Cold Chain Temperature Monitoring Market by Component
9.3.5.2.2 China Cold Chain Temperature Monitoring Market by End-Users
9.3.5.3 India Cold Chain Temperature Monitoring Market
9.3.5.3.1 India Cold Chain Temperature Monitoring Market by Component
9.3.5.3.2 India Cold Chain Temperature Monitoring Market by End-Users
9.3.5.4 Japan Cold Chain Temperature Monitoring Market
9.3.5.4.1 Japan Cold Chain Temperature Monitoring Market by Component
9.3.5.4.2 Japan Cold Chain Temperature Monitoring Market by End-Users
9.3.5.5 South Korea Cold Chain Temperature Monitoring Market
9.3.5.5.1 South Korea Cold Chain Temperature Monitoring Market by Component
9.3.5.5.2 South Korea Cold Chain Temperature Monitoring Market by End-Users
9.3.5.6 Rest of Asia-Pacific Cold Chain Temperature Monitoring Market
9.3.5.6.1 Rest of Asia-Pacific Cold Chain Temperature Monitoring Market by Component
9.3.5.6.2 Rest of Asia-Pacific Cold Chain Temperature Monitoring Market by End-Users
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cold Chain Temperature Monitoring Market Overview
9.4.2 Middle East and Africa Cold Chain Temperature Monitoring Market Forecasts and Analysis
9.4.3 Middle East and Africa Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Cold Chain Temperature Monitoring Market Forecasts and Analysis - By End-Users
9.4.5 Middle East and Africa Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cold Chain Temperature Monitoring Market
9.4.5.1.1 South Africa Cold Chain Temperature Monitoring Market by Component
9.4.5.1.2 South Africa Cold Chain Temperature Monitoring Market by End-Users
9.4.5.2 Saudi Arabia Cold Chain Temperature Monitoring Market
9.4.5.2.1 Saudi Arabia Cold Chain Temperature Monitoring Market by Component
9.4.5.2.2 Saudi Arabia Cold Chain Temperature Monitoring Market by End-Users
9.4.5.3 U.A.E Cold Chain Temperature Monitoring Market
9.4.5.3.1 U.A.E Cold Chain Temperature Monitoring Market by Component
9.4.5.3.2 U.A.E Cold Chain Temperature Monitoring Market by End-Users
9.4.5.4 Rest of Middle East and Africa Cold Chain Temperature Monitoring Market
9.4.5.4.1 Rest of Middle East and Africa Cold Chain Temperature Monitoring Market by Component
9.4.5.4.2 Rest of Middle East and Africa Cold Chain Temperature Monitoring Market by End-Users
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cold Chain Temperature Monitoring Market Overview
9.5.2 South and Central America Cold Chain Temperature Monitoring Market Forecasts and Analysis
9.5.3 South and Central America Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Component
9.5.4 South and Central America Cold Chain Temperature Monitoring Market Forecasts and Analysis - By End-Users
9.5.5 South and Central America Cold Chain Temperature Monitoring Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cold Chain Temperature Monitoring Market
9.5.5.1.1 Brazil Cold Chain Temperature Monitoring Market by Component
9.5.5.1.2 Brazil Cold Chain Temperature Monitoring Market by End-Users
9.5.5.2 Argentina Cold Chain Temperature Monitoring Market
9.5.5.2.1 Argentina Cold Chain Temperature Monitoring Market by Component
9.5.5.2.2 Argentina Cold Chain Temperature Monitoring Market by End-Users
9.5.5.3 Rest of South and Central America Cold Chain Temperature Monitoring Market
9.5.5.3.1 Rest of South and Central America Cold Chain Temperature Monitoring Market by Component
9.5.5.3.2 Rest of South and Central America Cold Chain Temperature Monitoring Market by End-Users
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. COLD CHAIN TEMPERATURE MONITORING MARKET, KEY COMPANY PROFILES
11.1. BERLINGER AND CO. AG
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. CARRIER GLOBAL CORPORATION (SENSITECH, INC.)
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. DAIKIN INDUSTRIES, LTD.
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. INFRATAB, INC.
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. KLINGE CORPORATION
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. MONNIT CORPORATION
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. ORBCOMM, INC. (NORTHROP GRUMMAN 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. SAVI TECHNOLOGY, INC.
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. VERIDIFY SECURITY, INC.
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. ZEST LABS, INC. (ECOARK HOLDINGS, INC.)
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
1. Berlinger and Co. AG
2. Carrier Global Corporation (Sensitech, Inc.)
3. Daikin Industries, Ltd.
4. Infratab, Inc.
5. Klinge Corporation
6. Monnit Corporation
7. Orbcomm, Inc. (Northrop Grumman Corporation)
8. Savi Technology, Inc.
9. Veridify Security, Inc.
10. Zest Labs, Inc. (Ecoark Holdings, 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.
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