Cyber Security in Robotics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Cyber security concerns have been most important for industrialists. In our day-to-day lives, the fast progress made by robotics is creating a strong automation effect on a wide-ranging range of grounds. With every passing day, the abilities of robotics have innovated from the installation of new control systems and manipulators, new sensors, and power supply systems. Robotic process automation (RPA) is growing in popularity in cybersecurity in robotics. Organizations are looking forward to investing in RPA to reduce threats by decreasing the responding time and detection of unfamiliar activities, increasing the growth of cyber security in the robotics market.
MARKET SCOPE
The "Global Cyber Security in Robotics Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the cyber security in robotics market with detailed market segmentation by component, application, and geography. The report provides key statistics on the market status of the leading cyber security in robotics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the market is segmented into solutions and services.
- Based on application, the market is segmented into industrial robot, medical robot, collaborative robot, defense robot, and others.
Drivers
- The demands for cybersecurity in the robotics market have increased by improvements in detection and response measures. With new software connected to sensors, actuators, and processors used for robotics, communication protocols have also introduced unknown cybersecurity risks.
- Machine Learning has become a key focus area of companies functioning in the cybersecurity in robotics market, as it empowers the robot to predict threats and witness the behavior differences with more accuracy. Artificial intelligence and Machine learning are also helpful for detecting and tracking active phishing sources.
- Lack of expertise may hinder the growth of the cyber security in robotics market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cyber security in robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the cyber security in robotics market in these regions.
IMPACT OF COVID-19 ON CYBER SECURITY IN ROBOTICS MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cyber security in robotics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the cyber security in robotics market in these regions.
IMPACT OF COVID-19 ON CYBER SECURITY IN ROBOTICS MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the cyber security in robotics 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 the way for the expansion of the business and customer base of market players. The market players from the cyber security in robotics market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cyber security in robotics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akamai Technologies
- Alias Robotics S.L.
- Cloudflare, Inc.
- exida
- McAfee, LLC
- NTT DATA Corporation
- Radware
- SkyHopper
- TÜV Rheinland
- Xeliumtech Solutions Pvt. Ltd.
- 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 Cyber Security In Robotics Market - By Component
1.3.2 Cyber Security In Robotics Market - By Application
1.3.3 Cyber Security In Robotics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CYBER SECURITY IN ROBOTICS 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. CYBER SECURITY IN ROBOTICS 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. CYBER SECURITY IN ROBOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. CYBER SECURITY IN ROBOTICS - GLOBAL MARKET OVERVIEW
6.2. CYBER SECURITY IN ROBOTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CYBER SECURITY IN ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTIONS
7.3.1. Overview
7.3.2. Solutions Market Forecast and Analysis
7.3.3. Authentication Market
7.3.3.1. Overview
7.3.3.2. Authentication Market Forecast and Analysis
7.3.4. Secure Communication Market
7.3.4.1. Overview
7.3.4.2. Secure Communication Market Forecast and Analysis
7.3.5. Encryption Market
7.3.5.1. Overview
7.3.5.2. Encryption Market Forecast and Analysis
7.3.6. Denial of Service Protection Market
7.3.6.1. Overview
7.3.6.2. Denial of Service Protection Market Forecast and Analysis
7.3.7. Risk and Vulnerability Management Market
7.3.7.1. Overview
7.3.7.2. Risk and Vulnerability Management Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Security Testing Market
7.4.3.1. Overview
7.4.3.2. Security Testing Market Forecast and Analysis
7.4.4. Security Assessment Market
7.4.4.1. Overview
7.4.4.2. Security Assessment Market Forecast and Analysis
7.4.5. Upgradation and Patch Management Market
7.4.5.1. Overview
7.4.5.2. Upgradation and Patch Management Market Forecast and Analysis
8. CYBER SECURITY IN ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INDUSTRIAL ROBOT
8.3.1. Overview
8.3.2. Industrial Robot Market Forecast and Analysis
8.4. MEDICAL ROBOT
8.4.1. Overview
8.4.2. Medical Robot Market Forecast and Analysis
8.5. COLLABORATIVE ROBOT
8.5.1. Overview
8.5.2. Collaborative Robot Market Forecast and Analysis
8.6. DEFENSE ROBOT
8.6.1. Overview
8.6.2. Defense Robot Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. CYBER SECURITY IN ROBOTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cyber Security In Robotics Market Overview
9.1.2 North America Cyber Security In Robotics Market Forecasts and Analysis
9.1.3 North America Cyber Security In Robotics Market Forecasts and Analysis - By Component
9.1.4 North America Cyber Security In Robotics Market Forecasts and Analysis - By Application
9.1.5 North America Cyber Security In Robotics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Cyber Security In Robotics Market
9.1.5.1.1 United States Cyber Security In Robotics Market by Component
9.1.5.1.2 United States Cyber Security In Robotics Market by Application
9.1.5.2 Canada Cyber Security In Robotics Market
9.1.5.2.1 Canada Cyber Security In Robotics Market by Component
9.1.5.2.2 Canada Cyber Security In Robotics Market by Application
9.1.5.3 Mexico Cyber Security In Robotics Market
9.1.5.3.1 Mexico Cyber Security In Robotics Market by Component
9.1.5.3.2 Mexico Cyber Security In Robotics Market by Application
9.2. EUROPE
9.2.1 Europe Cyber Security In Robotics Market Overview
9.2.2 Europe Cyber Security In Robotics Market Forecasts and Analysis
9.2.3 Europe Cyber Security In Robotics Market Forecasts and Analysis - By Component
9.2.4 Europe Cyber Security In Robotics Market Forecasts and Analysis - By Application
9.2.5 Europe Cyber Security In Robotics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cyber Security In Robotics Market
9.2.5.1.1 Germany Cyber Security In Robotics Market by Component
9.2.5.1.2 Germany Cyber Security In Robotics Market by Application
9.2.5.2 France Cyber Security In Robotics Market
9.2.5.2.1 France Cyber Security In Robotics Market by Component
9.2.5.2.2 France Cyber Security In Robotics Market by Application
9.2.5.3 Italy Cyber Security In Robotics Market
9.2.5.3.1 Italy Cyber Security In Robotics Market by Component
9.2.5.3.2 Italy Cyber Security In Robotics Market by Application
9.2.5.4 United Kingdom Cyber Security In Robotics Market
9.2.5.4.1 United Kingdom Cyber Security In Robotics Market by Component
9.2.5.4.2 United Kingdom Cyber Security In Robotics Market by Application
9.2.5.5 Russia Cyber Security In Robotics Market
9.2.5.5.1 Russia Cyber Security In Robotics Market by Component
9.2.5.5.2 Russia Cyber Security In Robotics Market by Application
9.2.5.6 Rest of Europe Cyber Security In Robotics Market
9.2.5.6.1 Rest of Europe Cyber Security In Robotics Market by Component
9.2.5.6.2 Rest of Europe Cyber Security In Robotics Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cyber Security In Robotics Market Overview
9.3.2 Asia-Pacific Cyber Security In Robotics Market Forecasts and Analysis
9.3.3 Asia-Pacific Cyber Security In Robotics Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Cyber Security In Robotics Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Cyber Security In Robotics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cyber Security In Robotics Market
9.3.5.1.1 Australia Cyber Security In Robotics Market by Component
9.3.5.1.2 Australia Cyber Security In Robotics Market by Application
9.3.5.2 China Cyber Security In Robotics Market
9.3.5.2.1 China Cyber Security In Robotics Market by Component
9.3.5.2.2 China Cyber Security In Robotics Market by Application
9.3.5.3 India Cyber Security In Robotics Market
9.3.5.3.1 India Cyber Security In Robotics Market by Component
9.3.5.3.2 India Cyber Security In Robotics Market by Application
9.3.5.4 Japan Cyber Security In Robotics Market
9.3.5.4.1 Japan Cyber Security In Robotics Market by Component
9.3.5.4.2 Japan Cyber Security In Robotics Market by Application
9.3.5.5 South Korea Cyber Security In Robotics Market
9.3.5.5.1 South Korea Cyber Security In Robotics Market by Component
9.3.5.5.2 South Korea Cyber Security In Robotics Market by Application
9.3.5.6 Rest of Asia-Pacific Cyber Security In Robotics Market
9.3.5.6.1 Rest of Asia-Pacific Cyber Security In Robotics Market by Component
9.3.5.6.2 Rest of Asia-Pacific Cyber Security In Robotics Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cyber Security In Robotics Market Overview
9.4.2 Middle East and Africa Cyber Security In Robotics Market Forecasts and Analysis
9.4.3 Middle East and Africa Cyber Security In Robotics Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Cyber Security In Robotics Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Cyber Security In Robotics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cyber Security In Robotics Market
9.4.5.1.1 South Africa Cyber Security In Robotics Market by Component
9.4.5.1.2 South Africa Cyber Security In Robotics Market by Application
9.4.5.2 Saudi Arabia Cyber Security In Robotics Market
9.4.5.2.1 Saudi Arabia Cyber Security In Robotics Market by Component
9.4.5.2.2 Saudi Arabia Cyber Security In Robotics Market by Application
9.4.5.3 U.A.E Cyber Security In Robotics Market
9.4.5.3.1 U.A.E Cyber Security In Robotics Market by Component
9.4.5.3.2 U.A.E Cyber Security In Robotics Market by Application
9.4.5.4 Rest of Middle East and Africa Cyber Security In Robotics Market
9.4.5.4.1 Rest of Middle East and Africa Cyber Security In Robotics Market by Component
9.4.5.4.2 Rest of Middle East and Africa Cyber Security In Robotics Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cyber Security In Robotics Market Overview
9.5.2 South and Central America Cyber Security In Robotics Market Forecasts and Analysis
9.5.3 South and Central America Cyber Security In Robotics Market Forecasts and Analysis - By Component
9.5.4 South and Central America Cyber Security In Robotics Market Forecasts and Analysis - By Application
9.5.5 South and Central America Cyber Security In Robotics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cyber Security In Robotics Market
9.5.5.1.1 Brazil Cyber Security In Robotics Market by Component
9.5.5.1.2 Brazil Cyber Security In Robotics Market by Application
9.5.5.2 Argentina Cyber Security In Robotics Market
9.5.5.2.1 Argentina Cyber Security In Robotics Market by Component
9.5.5.2.2 Argentina Cyber Security In Robotics Market by Application
9.5.5.3 Rest of South and Central America Cyber Security In Robotics Market
9.5.5.3.1 Rest of South and Central America Cyber Security In Robotics Market by Component
9.5.5.3.2 Rest of South and Central America Cyber Security In Robotics 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. CYBER SECURITY IN ROBOTICS MARKET, KEY COMPANY PROFILES
11.1. AKAMAI TECHNOLOGIES
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. ALIAS ROBOTICS S.L.
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. CLOUDFLARE, INC.
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. EXIDA
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. MCAFEE, LLC
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. NTT DATA 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. RADWARE
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. SKYHOPPER
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. TÜV RHEINLAND
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. XELIUMTECH SOLUTIONS PVT. LTD.
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. Akamai Technologies, Inc.
2. Alias Robotics
3. Cloudflare, Inc.
4. exida.com LLC
5. McAfee, LLC
6. NTT DATA, Inc.
7. Radware
8. SkyHopper
9. TÜV Rheinland
10. Xeliumtech Solutions Pvt. Ltd.
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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