Data Migration Market Insights and Growth by 2031
In data migration, data is moved from one technology to the other for enhancing and improving the performance and competitiveness of an organization. It increases the value of integration to new applications, enhances the security of valuable data, reconciles database for better use, and eliminates wasteful data. Further, data migration is the fastest method for ensuring the safety of data. Few recent developments are:
- In 2021, IBM launched an IBM Cloud Mass Data Migration service to aid businesses to shift from a large amount of data to the IBM Cloud at the lowest cost. It also provides a large-capacity storage device and increases the speed of the data migration process
- In 2021, Informatica partnered with Google Cloud for marketing analytics, data warehouse modernization, and integration. This partnership is anticipated to migrate data easily over Google Cloud.
MARKET DYNAMICS
By leveraging the enterprise data integration platform for data migration, organizations benefit from reduced risk of cost overrun, or project delay, and lower-cost data migration effort. It improves data consistency across systems, processes, and organizations, and also increase responsiveness to the business. Changing the regulatory landscape, growing business data volumes, and the increasing need to maintain the legacy data are the factors that contribute to the growth of the data migration market. However, address verification issues, and quality of data are the factors that are expected to hamper the market growth during the forecast period. The rising need for disaster recovery for business continuity and growing inclination to deploy cloud-based systems are the factors that would offer lucrative market opportunities for market participants. Data migration helps in reviewing the consumption of energy and areas where it can be cut down and provides an additional benefit of cost-cutting for the organization. Well-Planned and organized data migration can make overall business procedures and processes more efficient.
MARKET SCOPE
The "Global Data Migration Market Analysis to 2031" is a specialized and in-depth study of the technology media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the data migration market with detailed market segmentation by data type, business function, industry vertical, and geography. The global data migration market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading data migration market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global data migration market is segmented on the basis of data type, business function, and industry vertical. Based on data type, the data migration market is segmented into: Customer Data, Product Data, Financial Data, Compliance Data, and Supplier Data. On the basis of business function, the market is segmented into: Marketing, Sales, Finance, Legal, Operations, and Human Resources (HR). On the basis of industry verticals, the market is segmented into: BFSI, Retail and Consumer Goods, Government and Defense, Healthcare and Life Sciences, IT and Telecom, and Others.
REGIONAL FRAMEWORK
The data migration market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global data migration market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The data migration 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 data migration market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the data migration in these regions.
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The data migration market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global data migration market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The data migration 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 data migration market from both demand and supply side and further evaluates market dynamics affecting 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 & Central America after evaluating political, economic, social and technological factors affecting the data migration in these regions.
MARKET PLAYERS
The reports cover key developments in the data migration 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 the expansion of business and customer base of data migration market players. The market players from data migration market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the data migration market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the data migration market. In addition, the report focuses on leading industry players with information such as company profiles, data types, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon Web Services, Inc.
- IBM
- Informatica
- Information Builders
- Microsoft
- Oracle Corporation
- QlikTech International AB
- SAP
- SAS Institute Inc.
- TIBCO Software 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 Data Migration Market - By Data Type
1.3.2 Data Migration Market - By Business Function
1.3.3 Data Migration Market - By Industry Vertical
1.3.4 Data Migration Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DATA MIGRATION 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. DATA MIGRATION 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DATA MIGRATION MARKET - GLOBAL MARKET ANALYSIS
6.1. DATA MIGRATION - GLOBAL MARKET OVERVIEW
6.2. DATA MIGRATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DATA MIGRATION MARKET - REVENUE AND FORECASTS TO 2028 - DATA TYPE
7.1. OVERVIEW
7.2. DATA TYPE MARKET FORECASTS AND ANALYSIS
7.3. CUSTOMER DATA
7.3.1. Overview
7.3.2. Customer Data Market Forecast and Analysis
7.4. PRODUCT DATA
7.4.1. Overview
7.4.2. Product Data Market Forecast and Analysis
7.5. FINANCIAL DATA
7.5.1. Overview
7.5.2. Financial Data Market Forecast and Analysis
7.6. COMPLIANCE DATA
7.6.1. Overview
7.6.2. Compliance Data Market Forecast and Analysis
7.7. SUPPLIER DATA
7.7.1. Overview
7.7.2. Supplier Data Market Forecast and Analysis
8. DATA MIGRATION MARKET - REVENUE AND FORECASTS TO 2028 - BUSINESS FUNCTION
8.1. OVERVIEW
8.2. BUSINESS FUNCTION MARKET FORECASTS AND ANALYSIS
8.3. MARKETING
8.3.1. Overview
8.3.2. Marketing Market Forecast and Analysis
8.4. SALES
8.4.1. Overview
8.4.2. Sales Market Forecast and Analysis
8.5. FINANCE
8.5.1. Overview
8.5.2. Finance Market Forecast and Analysis
8.6. LEGAL
8.6.1. Overview
8.6.2. Legal Market Forecast and Analysis
8.7. OPERATIONS
8.7.1. Overview
8.7.2. Operations Market Forecast and Analysis
8.8. HR
8.8.1. Overview
8.8.2. HR Market Forecast and Analysis
9. DATA MIGRATION MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. RETAIL AND CONSUMER GOODS
9.4.1. Overview
9.4.2. Retail and Consumer Goods Market Forecast and Analysis
9.5. GOVERNMENT AND DEFENSE
9.5.1. Overview
9.5.2. Government and Defense Market Forecast and Analysis
9.6. HEALTHCARE AND LIFE SCIENCES
9.6.1. Overview
9.6.2. Healthcare and Life Sciences Market Forecast and Analysis
9.7. IT AND TELECOM
9.7.1. Overview
9.7.2. IT and Telecom Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. DATA MIGRATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Data Migration Market Overview
10.1.2 North America Data Migration Market Forecasts and Analysis
10.1.3 North America Data Migration Market Forecasts and Analysis - By Data Type
10.1.4 North America Data Migration Market Forecasts and Analysis - By Business Function
10.1.5 North America Data Migration Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America Data Migration Market Forecasts and Analysis - By Countries
10.1.6.1 United States Data Migration Market
10.1.6.1.1 United States Data Migration Market by Data Type
10.1.6.1.2 United States Data Migration Market by Business Function
10.1.6.1.3 United States Data Migration Market by Industry Vertical
10.1.6.2 Canada Data Migration Market
10.1.6.2.1 Canada Data Migration Market by Data Type
10.1.6.2.2 Canada Data Migration Market by Business Function
10.1.6.2.3 Canada Data Migration Market by Industry Vertical
10.1.6.3 Mexico Data Migration Market
10.1.6.3.1 Mexico Data Migration Market by Data Type
10.1.6.3.2 Mexico Data Migration Market by Business Function
10.1.6.3.3 Mexico Data Migration Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe Data Migration Market Overview
10.2.2 Europe Data Migration Market Forecasts and Analysis
10.2.3 Europe Data Migration Market Forecasts and Analysis - By Data Type
10.2.4 Europe Data Migration Market Forecasts and Analysis - By Business Function
10.2.5 Europe Data Migration Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe Data Migration Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Data Migration Market
10.2.6.1.1 Germany Data Migration Market by Data Type
10.2.6.1.2 Germany Data Migration Market by Business Function
10.2.6.1.3 Germany Data Migration Market by Industry Vertical
10.2.6.2 France Data Migration Market
10.2.6.2.1 France Data Migration Market by Data Type
10.2.6.2.2 France Data Migration Market by Business Function
10.2.6.2.3 France Data Migration Market by Industry Vertical
10.2.6.3 Italy Data Migration Market
10.2.6.3.1 Italy Data Migration Market by Data Type
10.2.6.3.2 Italy Data Migration Market by Business Function
10.2.6.3.3 Italy Data Migration Market by Industry Vertical
10.2.6.4 United Kingdom Data Migration Market
10.2.6.4.1 United Kingdom Data Migration Market by Data Type
10.2.6.4.2 United Kingdom Data Migration Market by Business Function
10.2.6.4.3 United Kingdom Data Migration Market by Industry Vertical
10.2.6.5 Russia Data Migration Market
10.2.6.5.1 Russia Data Migration Market by Data Type
10.2.6.5.2 Russia Data Migration Market by Business Function
10.2.6.5.3 Russia Data Migration Market by Industry Vertical
10.2.6.6 Rest of Europe Data Migration Market
10.2.6.6.1 Rest of Europe Data Migration Market by Data Type
10.2.6.6.2 Rest of Europe Data Migration Market by Business Function
10.2.6.6.3 Rest of Europe Data Migration Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Data Migration Market Overview
10.3.2 Asia-Pacific Data Migration Market Forecasts and Analysis
10.3.3 Asia-Pacific Data Migration Market Forecasts and Analysis - By Data Type
10.3.4 Asia-Pacific Data Migration Market Forecasts and Analysis - By Business Function
10.3.5 Asia-Pacific Data Migration Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific Data Migration Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Data Migration Market
10.3.6.1.1 Australia Data Migration Market by Data Type
10.3.6.1.2 Australia Data Migration Market by Business Function
10.3.6.1.3 Australia Data Migration Market by Industry Vertical
10.3.6.2 China Data Migration Market
10.3.6.2.1 China Data Migration Market by Data Type
10.3.6.2.2 China Data Migration Market by Business Function
10.3.6.2.3 China Data Migration Market by Industry Vertical
10.3.6.3 India Data Migration Market
10.3.6.3.1 India Data Migration Market by Data Type
10.3.6.3.2 India Data Migration Market by Business Function
10.3.6.3.3 India Data Migration Market by Industry Vertical
10.3.6.4 Japan Data Migration Market
10.3.6.4.1 Japan Data Migration Market by Data Type
10.3.6.4.2 Japan Data Migration Market by Business Function
10.3.6.4.3 Japan Data Migration Market by Industry Vertical
10.3.6.5 South Korea Data Migration Market
10.3.6.5.1 South Korea Data Migration Market by Data Type
10.3.6.5.2 South Korea Data Migration Market by Business Function
10.3.6.5.3 South Korea Data Migration Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific Data Migration Market
10.3.6.6.1 Rest of Asia-Pacific Data Migration Market by Data Type
10.3.6.6.2 Rest of Asia-Pacific Data Migration Market by Business Function
10.3.6.6.3 Rest of Asia-Pacific Data Migration Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Data Migration Market Overview
10.4.2 Middle East and Africa Data Migration Market Forecasts and Analysis
10.4.3 Middle East and Africa Data Migration Market Forecasts and Analysis - By Data Type
10.4.4 Middle East and Africa Data Migration Market Forecasts and Analysis - By Business Function
10.4.5 Middle East and Africa Data Migration Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa Data Migration Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Data Migration Market
10.4.6.1.1 South Africa Data Migration Market by Data Type
10.4.6.1.2 South Africa Data Migration Market by Business Function
10.4.6.1.3 South Africa Data Migration Market by Industry Vertical
10.4.6.2 Saudi Arabia Data Migration Market
10.4.6.2.1 Saudi Arabia Data Migration Market by Data Type
10.4.6.2.2 Saudi Arabia Data Migration Market by Business Function
10.4.6.2.3 Saudi Arabia Data Migration Market by Industry Vertical
10.4.6.3 U.A.E Data Migration Market
10.4.6.3.1 U.A.E Data Migration Market by Data Type
10.4.6.3.2 U.A.E Data Migration Market by Business Function
10.4.6.3.3 U.A.E Data Migration Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa Data Migration Market
10.4.6.4.1 Rest of Middle East and Africa Data Migration Market by Data Type
10.4.6.4.2 Rest of Middle East and Africa Data Migration Market by Business Function
10.4.6.4.3 Rest of Middle East and Africa Data Migration Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Data Migration Market Overview
10.5.2 South and Central America Data Migration Market Forecasts and Analysis
10.5.3 South and Central America Data Migration Market Forecasts and Analysis - By Data Type
10.5.4 South and Central America Data Migration Market Forecasts and Analysis - By Business Function
10.5.5 South and Central America Data Migration Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America Data Migration Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Data Migration Market
10.5.6.1.1 Brazil Data Migration Market by Data Type
10.5.6.1.2 Brazil Data Migration Market by Business Function
10.5.6.1.3 Brazil Data Migration Market by Industry Vertical
10.5.6.2 Argentina Data Migration Market
10.5.6.2.1 Argentina Data Migration Market by Data Type
10.5.6.2.2 Argentina Data Migration Market by Business Function
10.5.6.2.3 Argentina Data Migration Market by Industry Vertical
10.5.6.3 Rest of South and Central America Data Migration Market
10.5.6.3.1 Rest of South and Central America Data Migration Market by Data Type
10.5.6.3.2 Rest of South and Central America Data Migration Market by Business Function
10.5.6.3.3 Rest of South and Central America Data Migration Market by Industry Vertical
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. DATA MIGRATION MARKET, KEY COMPANY PROFILES
12.1. AMAZON WEB SERVICES, INC.
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. IBM
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. INFORMATICA
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. INFORMATION BUILDERS
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. MICROSOFT
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. QLIKTECH INTERNATIONAL AB
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. SAP
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. SAS INSTITUTE INC.
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. TIBCO SOFTWARE 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
1. Amazon Web Services, Inc.
2. IBM
3. Informatica
4. Information Builders
5. Microsoft
6. Oracle Corporation
7. QlikTech International AB
8. SAP
9. SAS Institute Inc.
10. TIBCO Software 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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