Counterfeit Coin Detection Market Strategic Insights and Updates by 2031
The counterfeit coin detection market is expected to register a CAGR of 5.6% during 2023–2031. Integration of blockchain for coin provenance tracking and development of portable and handheld detection devices are likely to remain key trends in the market.
Counterfeit Coin Detection Market Analysis
- The world is embracing Counterfeit Coin Detection in larger numbers, fuelled by rising fears of increasingly sophisticated counterfeits.
- The major markets of North America, Europe, and Asia have already started adopting Counterfeit Coin Detection, specifically using spectroscopy and AI-based imaging technologies.
- While adoption is happening in larger numbers in developed regions, the developed countries are estimated to have a higher ratio of implementation in any given year.
- While still in nascent stages, the market is shifting from manual to more sophisticated, automated Counterfeit Coin Detection systems. Rising awareness is indicated by the fact that even as a growing number of larger markets are resolving to Counterfeit Coin Detection, many smaller markets and individual collectors are largely relying on manual inspection, indicating tremendous potential for market penetration, as well as growth.
Counterfeit Coin Detection Market Overview
- The Counterfeit Coin Detection Market is growing at a steady rate due to the increasing incidence of fraud and installment payments on your Visa card. The market for coin detection technology encompassed a wide range of products, from nothing more sophisticated than a jeweler’s loupe to spectroscopic and even artificially intelligent solutions.
- Manufacturers of detection devices, software developers, and authentication service companies were the main players in the industry.
- The target of their products was a broad spectrum of users: from cashiers in banks, retail outlets, and museums to coin collectors. Assuming that the rare coin market is growing worldwide, the sector of detection will also grow accordingly, with developing countries with old numismatic cultures and newly emerged states with a high incidence of currency counterfeiting leading the way.
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Counterfeit Coin Detection Market: Strategic Insights
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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.
Counterfeit Coin Detection Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Counterfeit Coin Detection Market Drivers and Opportunities
Increasing Counterfeiting of Rare and Valuable Coins to Favor the Market
- The rising production of forged rare and high-value coins is a driving force behind the growth of the Counterfeit Coin Detection Market. As the numismatic market grows and the value of rare coins soars, counterfeiters are encouraged to produce increasingly sophisticated fakes.
- The pressure to get our hands on cutting-edge techniques for spotting fakes has prompted coin collectors, dealers, auction houses, and financial institutions to spend big on the detection industry.
- The need for precision in authentication has encouraged innovation in the detection industry, too, with more accurate tools now becoming available in the form of XRF analyzers, high-resolution imaging systems, and AI-enabled verification software.
Development of Consumer-Grade Detection Tools
- The development of user-friendly detection tools in the consumer, rather than professional, grade offers vast expansion opportunities for the Counterfeit Coin Detection Market. Coin collecting is becoming more popular and more accessible.
- With that, there’s more interest in ways to perform authentication as a hobby or on a small scale. Manufacturers will have a strong incentive to develop compact, portable, intuitive-to-use detection tools with advanced technologies such as spectral analysis or image recognition powered by AI.
- These tools will fill the gap between professional-level detection equipment and an ordinary coin collector. Their democratization wouldn’t just expand the size of the customer pool for the detection tool manufacturers but also improve the level of market trust and engagement.
- As these tools spread, they could beget a network effect that increases the total size of the coin collector market and, therefore, the market volume for detection tools across all segments.
Counterfeit Coin Detection Market Report Segmentation Analysis
Key segments that contributed to the derivation of the counterfeit coin detection market analysis are type and application.
- Based on type, the counterfeit coin detection market is divided into ultraviolet, infrared, microprint, magnetic, and others.
- Based on the application, the counterfeit coin detection market is divided into retail, BFSI, government, hospitality, and others.
Counterfeit Coin Detection Market Share Analysis by Geography
- Counterfeit Coin Detection Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Counterfeit Coin Detection market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Counterfeit Coin Detection market in these regions.
Counterfeit Coin Detection Market Report Scope
Counterfeit Coin Detection Market News and Recent Developments
The counterfeit coin detection market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the counterfeit coin detection market are listed below:
- Researchers at Montreal’s Concordia University have developed an innovative technique for accurately identifying counterfeit coins. As techniques used by fraudsters become more sophisticated, one research author says artificial intelligence could change the game. (Source: Concordia University, Press Release, May 2024)
Counterfeit Coin Detection Market Report Coverage and Deliverables
The “Counterfeit Coin Detection Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Counterfeit coin detection market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Counterfeit coin detection market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Counterfeit coin detection market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the counterfeit coin detection market
- 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
The global Counterfeit Coin Detection market is expected to grow at a CAGR of 5.6% during the forecast period 2023 - 2031.
Increasing counterfeiting of rare and valuable coins and rising demand for authentication in coin trading and auctions are expected to drive the counterfeit coin detection market.
Integration of blockchain for coin provenance tracking and development of portable and handheld detection devices are likely to remain key trends in the market.
The leading players operating in the counterfeit coin detection market are AccuBANKER, Cassida Corporation, Carnation Enterprises, Cummins-Allison Corp., Drimark, FraudFighter, GLORY LTD., Royalsovereign, Inc., Semacon Business Machines, Inc., Crane Payment Innovations.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on request are 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 Counterfeit Coin Detection Market - By Type
1.3.2 Counterfeit Coin Detection Market - By Application
1.3.3 Counterfeit Coin Detection Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COUNTERFEIT COIN DETECTION 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. COUNTERFEIT COIN DETECTION 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. COUNTERFEIT COIN DETECTION MARKET - GLOBAL MARKET ANALYSIS
6.1. COUNTERFEIT COIN DETECTION - GLOBAL MARKET OVERVIEW
6.2. COUNTERFEIT COIN DETECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COUNTERFEIT COIN DETECTION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ULTRAVIOLET
7.3.1. Overview
7.3.2. Ultraviolet Market Forecast and Analysis
7.4. INFRARED
7.4.1. Overview
7.4.2. Infrared Market Forecast and Analysis
7.5. MICROPIRINT
7.5.1. Overview
7.5.2. Micropirint Market Forecast and Analysis
7.6. MAGNETIC
7.6.1. Overview
7.6.2. Magnetic Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. COUNTERFEIT COIN DETECTION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RETAIL
8.3.1. Overview
8.3.2. Retail Market Forecast and Analysis
8.4. BFSI
8.4.1. Overview
8.4.2. BFSI Market Forecast and Analysis
8.5. GOVERNMENT
8.5.1. Overview
8.5.2. Government Market Forecast and Analysis
8.6. HOSPITALITY
8.6.1. Overview
8.6.2. Hospitality Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. COUNTERFEIT COIN DETECTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Counterfeit Coin Detection Market Overview
9.1.2 North America Counterfeit Coin Detection Market Forecasts and Analysis
9.1.3 North America Counterfeit Coin Detection Market Forecasts and Analysis - By Type
9.1.4 North America Counterfeit Coin Detection Market Forecasts and Analysis - By Application
9.1.5 North America Counterfeit Coin Detection Market Forecasts and Analysis - By Countries
9.1.5.1 United States Counterfeit Coin Detection Market
9.1.5.1.1 United States Counterfeit Coin Detection Market by Type
9.1.5.1.2 United States Counterfeit Coin Detection Market by Application
9.1.5.2 Canada Counterfeit Coin Detection Market
9.1.5.2.1 Canada Counterfeit Coin Detection Market by Type
9.1.5.2.2 Canada Counterfeit Coin Detection Market by Application
9.1.5.3 Mexico Counterfeit Coin Detection Market
9.1.5.3.1 Mexico Counterfeit Coin Detection Market by Type
9.1.5.3.2 Mexico Counterfeit Coin Detection Market by Application
9.2. EUROPE
9.2.1 Europe Counterfeit Coin Detection Market Overview
9.2.2 Europe Counterfeit Coin Detection Market Forecasts and Analysis
9.2.3 Europe Counterfeit Coin Detection Market Forecasts and Analysis - By Type
9.2.4 Europe Counterfeit Coin Detection Market Forecasts and Analysis - By Application
9.2.5 Europe Counterfeit Coin Detection Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Counterfeit Coin Detection Market
9.2.5.1.1 Germany Counterfeit Coin Detection Market by Type
9.2.5.1.2 Germany Counterfeit Coin Detection Market by Application
9.2.5.2 France Counterfeit Coin Detection Market
9.2.5.2.1 France Counterfeit Coin Detection Market by Type
9.2.5.2.2 France Counterfeit Coin Detection Market by Application
9.2.5.3 Italy Counterfeit Coin Detection Market
9.2.5.3.1 Italy Counterfeit Coin Detection Market by Type
9.2.5.3.2 Italy Counterfeit Coin Detection Market by Application
9.2.5.4 United Kingdom Counterfeit Coin Detection Market
9.2.5.4.1 United Kingdom Counterfeit Coin Detection Market by Type
9.2.5.4.2 United Kingdom Counterfeit Coin Detection Market by Application
9.2.5.5 Russia Counterfeit Coin Detection Market
9.2.5.5.1 Russia Counterfeit Coin Detection Market by Type
9.2.5.5.2 Russia Counterfeit Coin Detection Market by Application
9.2.5.6 Rest of Europe Counterfeit Coin Detection Market
9.2.5.6.1 Rest of Europe Counterfeit Coin Detection Market by Type
9.2.5.6.2 Rest of Europe Counterfeit Coin Detection Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Counterfeit Coin Detection Market Overview
9.3.2 Asia-Pacific Counterfeit Coin Detection Market Forecasts and Analysis
9.3.3 Asia-Pacific Counterfeit Coin Detection Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Counterfeit Coin Detection Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Counterfeit Coin Detection Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Counterfeit Coin Detection Market
9.3.5.1.1 Australia Counterfeit Coin Detection Market by Type
9.3.5.1.2 Australia Counterfeit Coin Detection Market by Application
9.3.5.2 China Counterfeit Coin Detection Market
9.3.5.2.1 China Counterfeit Coin Detection Market by Type
9.3.5.2.2 China Counterfeit Coin Detection Market by Application
9.3.5.3 India Counterfeit Coin Detection Market
9.3.5.3.1 India Counterfeit Coin Detection Market by Type
9.3.5.3.2 India Counterfeit Coin Detection Market by Application
9.3.5.4 Japan Counterfeit Coin Detection Market
9.3.5.4.1 Japan Counterfeit Coin Detection Market by Type
9.3.5.4.2 Japan Counterfeit Coin Detection Market by Application
9.3.5.5 South Korea Counterfeit Coin Detection Market
9.3.5.5.1 South Korea Counterfeit Coin Detection Market by Type
9.3.5.5.2 South Korea Counterfeit Coin Detection Market by Application
9.3.5.6 Rest of Asia-Pacific Counterfeit Coin Detection Market
9.3.5.6.1 Rest of Asia-Pacific Counterfeit Coin Detection Market by Type
9.3.5.6.2 Rest of Asia-Pacific Counterfeit Coin Detection Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Counterfeit Coin Detection Market Overview
9.4.2 Middle East and Africa Counterfeit Coin Detection Market Forecasts and Analysis
9.4.3 Middle East and Africa Counterfeit Coin Detection Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Counterfeit Coin Detection Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Counterfeit Coin Detection Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Counterfeit Coin Detection Market
9.4.5.1.1 South Africa Counterfeit Coin Detection Market by Type
9.4.5.1.2 South Africa Counterfeit Coin Detection Market by Application
9.4.5.2 Saudi Arabia Counterfeit Coin Detection Market
9.4.5.2.1 Saudi Arabia Counterfeit Coin Detection Market by Type
9.4.5.2.2 Saudi Arabia Counterfeit Coin Detection Market by Application
9.4.5.3 U.A.E Counterfeit Coin Detection Market
9.4.5.3.1 U.A.E Counterfeit Coin Detection Market by Type
9.4.5.3.2 U.A.E Counterfeit Coin Detection Market by Application
9.4.5.4 Rest of Middle East and Africa Counterfeit Coin Detection Market
9.4.5.4.1 Rest of Middle East and Africa Counterfeit Coin Detection Market by Type
9.4.5.4.2 Rest of Middle East and Africa Counterfeit Coin Detection Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Counterfeit Coin Detection Market Overview
9.5.2 South and Central America Counterfeit Coin Detection Market Forecasts and Analysis
9.5.3 South and Central America Counterfeit Coin Detection Market Forecasts and Analysis - By Type
9.5.4 South and Central America Counterfeit Coin Detection Market Forecasts and Analysis - By Application
9.5.5 South and Central America Counterfeit Coin Detection Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Counterfeit Coin Detection Market
9.5.5.1.1 Brazil Counterfeit Coin Detection Market by Type
9.5.5.1.2 Brazil Counterfeit Coin Detection Market by Application
9.5.5.2 Argentina Counterfeit Coin Detection Market
9.5.5.2.1 Argentina Counterfeit Coin Detection Market by Type
9.5.5.2.2 Argentina Counterfeit Coin Detection Market by Application
9.5.5.3 Rest of South and Central America Counterfeit Coin Detection Market
9.5.5.3.1 Rest of South and Central America Counterfeit Coin Detection Market by Type
9.5.5.3.2 Rest of South and Central America Counterfeit Coin Detection Market by Application
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. COUNTERFEIT COIN DETECTION MARKET, KEY COMPANY PROFILES
11.1. ACCUBANKER
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. CASSIDA CORPORATION
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. CARNATION ENTERPRISES
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. CUMMINS-ALLISON CORP.
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. DRIMARK
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. FRAUDFIGHTER
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. GLORY LTD.
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. ROYALSOVEREIGN, 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. SEMACON BUSINESS MACHINES, 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. SAFESCAN
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
The List of Companies
1. AccuBANKER
2. Cassida Corporation
3. Carnation Enterprises
4. Cummins-Allison Corp.
5. Drimark
6. FraudFighter
7. GLORY LTD.
8. Royalsovereign, Inc.
9. Semacon Business Machines, Inc.
10. Safescan
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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