Digital Mobile Radio Market Challenges, Drivers, Trends, and Forecast by 2031

Coverage: Digital Mobile Radio Market covers analysis by Tier (Tier1, Tier 2, Tier 3); End Use Industry (Oil and Gas, Defense and Public Safety, Mining, Transportation, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00009384
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Digital Mobile Radio Market Growth Report | 2021 to 2031

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The Digital Mobile Radio Market is expected to register a CAGR of 9.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented by Tier (Tier1, Tier 2, Tier 3); Product Type (Hand portable, In-vehicle); Frequency (25 to 174 MHz, 200 to 512 MHz, More Than 700 MHz); Industry Vertical (Aerospace and defense, Commercial, Transportation, Oil and Gas, Mining, Automotive, Others); Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South and Central America).
The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments

Purpose of the Report

The report Digital Mobile Radio Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Digital Mobile Radio Market Segmentation

Tier
  • Tier1
  • Tier 2
  • Tier 3
Product Type
  • Hand portable
  • In-vehicle
Frequency
  • 25 to 174 MHz
  • 200 to 512 MHz
  • More Than 700 MHz
Industry Vertical
  • Aerospace and defense
  • Commercial
  • Transportation
  • Oil and Gas
  • Mining
  • Automotive
  • Others
Industry Vertical
  • Aerospace and defense
  • Commercial
  • Transportation
  • Oil and Gas
  • Mining
  • Automotive
  • Others

Strategic Insights

Digital Mobile Radio Market Growth Drivers
  • Increased Demand for Reliable Communication: The growing need for reliable and secure communication systems in various sectors, including public safety, transportation, and defense, is a key driver of the digital mobile radio (DMR) market. As organizations seek to enhance operational efficiency and ensure effective communication during emergencies, DMR systems provide robust features like enhanced audio quality, improved range, and encryption, making them essential for mission-critical applications.
  • Technological Advancements: Continuous advancements in digital mobile radio technology are fueling market growth. Innovations such as improved spectrum efficiency, interoperability with other communication systems, and enhanced functionalities, like GPS and data services, make DMR systems more attractive to users. These advancements enable organizations to leverage DMR for diverse applications, increasing their adoption across industries.
  • Regulatory Compliance and Standardization: The implementation of stringent regulations and standards for communication systems is driving the DMR market. Governments and industry bodies are mandating the use of standardized communication protocols to improve interoperability, safety, and efficiency. As organizations strive to comply with these regulations, the demand for DMR systems that meet specific standards is expected to rise, further propelling market growth.
Digital Mobile Radio Market Future Trends
  • Migration to Digital Platforms: The trend of migrating from analog to digital communication systems is gaining momentum in the digital mobile radio market. Organizations are increasingly recognizing the advantages of digital technology, including better audio quality, enhanced features, and improved efficiency. As users transition to digital platforms, the demand for DMR systems that offer seamless integration with existing infrastructure and provide advanced capabilities is expected to grow.
  • Focus on Enhanced Security Features: As cyber threats and security concerns become more prevalent, there is a growing emphasis on incorporating enhanced security features into digital mobile radio systems. Manufacturers are prioritizing the development of encryption protocols, secure communications, and advanced authentication mechanisms to protect sensitive information. This trend is particularly important for sectors like public safety and defense, where secure communication is crucial for operational integrity and safety.
Digital Mobile Radio Market Opportunities
  • Business Expansion in Developing Regions: The digital mobile radio market presents significant opportunities in emerging economies where infrastructure development and urbanization are rapidly progressing. As countries invest in modern communication systems to improve public safety and enhance operational efficiency, there is a growing demand for DMR solutions. Companies that strategically expand their presence in these regions can capitalize on the increasing need for reliable communication systems.
  • Integration with IoT and Smart Technologies: The convergence of digital mobile radio systems with Internet of Things (IoT) and smart technologies offers promising opportunities for innovation. Integrating DMR with IoT applications can enhance functionality, enabling real-time data exchange, remote monitoring, and improved situational awareness. This integration can drive the development of advanced communication solutions that cater to various industries, including logistics, healthcare, and smart cities.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Digital Mobile Radio Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Digital Mobile Radio Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the expected CAGR of the Digital Mobile Radio Market?

The Digital Mobile Radio Market is estimated to witness a CAGR of 9.4% from 2023 to 2031

What are the driving factors impacting the global Digital Mobile Radio Market?

Growing demand for reliable communication and Advances in technology are the major factors driving the Digital Mobile Radio Market

What are the future trends of the Digital Mobile Radio Market?

Focus on Sustainability and Energy Efficiency is anticipated to play a significant role in the global Digital Mobile Radio Market in the coming years

What are the deliverable formats of the market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request

What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Digital Mobile Radio Market - By Tier
1.3.2 Digital Mobile Radio Market - By End Use Industry
1.3.3 Digital Mobile Radio Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. DIGITAL MOBILE RADIO 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. DIGITAL MOBILE RADIO 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. DIGITAL MOBILE RADIO MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL MOBILE RADIO - GLOBAL MARKET OVERVIEW
6.2. DIGITAL MOBILE RADIO - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. DIGITAL MOBILE RADIO MARKET - REVENUE AND FORECASTS TO 2028 - TIER
7.1. OVERVIEW
7.2. TIER MARKET FORECASTS AND ANALYSIS
7.3. TIER1
7.3.1. Overview
7.3.2. Tier1 Market Forecast and Analysis
7.4. TIER 2
7.4.1. Overview
7.4.2. Tier 2 Market Forecast and Analysis
7.5. TIER 3
7.5.1. Overview
7.5.2. Tier 3 Market Forecast and Analysis
8. DIGITAL MOBILE RADIO MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
8.1. OVERVIEW
8.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. OIL AND GAS
8.3.1. Overview
8.3.2. Oil and Gas Market Forecast and Analysis
8.4. DEFENSE AND PUBLIC SAFETY
8.4.1. Overview
8.4.2. Defense and Public Safety Market Forecast and Analysis
8.5. MINING
8.5.1. Overview
8.5.2. Mining Market Forecast and Analysis
8.6. TRANSPORTATION
8.6.1. Overview
8.6.2. Transportation Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. DIGITAL MOBILE RADIO MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Digital Mobile Radio Market Overview
9.1.2 North America Digital Mobile Radio Market Forecasts and Analysis
9.1.3 North America Digital Mobile Radio Market Forecasts and Analysis - By Tier
9.1.4 North America Digital Mobile Radio Market Forecasts and Analysis - By End Use Industry
9.1.5 North America Digital Mobile Radio Market Forecasts and Analysis - By Countries
9.1.5.1 United States Digital Mobile Radio Market
9.1.5.1.1 United States Digital Mobile Radio Market by Tier
9.1.5.1.2 United States Digital Mobile Radio Market by End Use Industry
9.1.5.2 Canada Digital Mobile Radio Market
9.1.5.2.1 Canada Digital Mobile Radio Market by Tier
9.1.5.2.2 Canada Digital Mobile Radio Market by End Use Industry
9.1.5.3 Mexico Digital Mobile Radio Market
9.1.5.3.1 Mexico Digital Mobile Radio Market by Tier
9.1.5.3.2 Mexico Digital Mobile Radio Market by End Use Industry
9.2. EUROPE
9.2.1 Europe Digital Mobile Radio Market Overview
9.2.2 Europe Digital Mobile Radio Market Forecasts and Analysis
9.2.3 Europe Digital Mobile Radio Market Forecasts and Analysis - By Tier
9.2.4 Europe Digital Mobile Radio Market Forecasts and Analysis - By End Use Industry
9.2.5 Europe Digital Mobile Radio Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Digital Mobile Radio Market
9.2.5.1.1 Germany Digital Mobile Radio Market by Tier
9.2.5.1.2 Germany Digital Mobile Radio Market by End Use Industry
9.2.5.2 France Digital Mobile Radio Market
9.2.5.2.1 France Digital Mobile Radio Market by Tier
9.2.5.2.2 France Digital Mobile Radio Market by End Use Industry
9.2.5.3 Italy Digital Mobile Radio Market
9.2.5.3.1 Italy Digital Mobile Radio Market by Tier
9.2.5.3.2 Italy Digital Mobile Radio Market by End Use Industry
9.2.5.4 United Kingdom Digital Mobile Radio Market
9.2.5.4.1 United Kingdom Digital Mobile Radio Market by Tier
9.2.5.4.2 United Kingdom Digital Mobile Radio Market by End Use Industry
9.2.5.5 Russia Digital Mobile Radio Market
9.2.5.5.1 Russia Digital Mobile Radio Market by Tier
9.2.5.5.2 Russia Digital Mobile Radio Market by End Use Industry
9.2.5.6 Rest of Europe Digital Mobile Radio Market
9.2.5.6.1 Rest of Europe Digital Mobile Radio Market by Tier
9.2.5.6.2 Rest of Europe Digital Mobile Radio Market by End Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Digital Mobile Radio Market Overview
9.3.2 Asia-Pacific Digital Mobile Radio Market Forecasts and Analysis
9.3.3 Asia-Pacific Digital Mobile Radio Market Forecasts and Analysis - By Tier
9.3.4 Asia-Pacific Digital Mobile Radio Market Forecasts and Analysis - By End Use Industry
9.3.5 Asia-Pacific Digital Mobile Radio Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Digital Mobile Radio Market
9.3.5.1.1 Australia Digital Mobile Radio Market by Tier
9.3.5.1.2 Australia Digital Mobile Radio Market by End Use Industry
9.3.5.2 China Digital Mobile Radio Market
9.3.5.2.1 China Digital Mobile Radio Market by Tier
9.3.5.2.2 China Digital Mobile Radio Market by End Use Industry
9.3.5.3 India Digital Mobile Radio Market
9.3.5.3.1 India Digital Mobile Radio Market by Tier
9.3.5.3.2 India Digital Mobile Radio Market by End Use Industry
9.3.5.4 Japan Digital Mobile Radio Market
9.3.5.4.1 Japan Digital Mobile Radio Market by Tier
9.3.5.4.2 Japan Digital Mobile Radio Market by End Use Industry
9.3.5.5 South Korea Digital Mobile Radio Market
9.3.5.5.1 South Korea Digital Mobile Radio Market by Tier
9.3.5.5.2 South Korea Digital Mobile Radio Market by End Use Industry
9.3.5.6 Rest of Asia-Pacific Digital Mobile Radio Market
9.3.5.6.1 Rest of Asia-Pacific Digital Mobile Radio Market by Tier
9.3.5.6.2 Rest of Asia-Pacific Digital Mobile Radio Market by End Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Digital Mobile Radio Market Overview
9.4.2 Middle East and Africa Digital Mobile Radio Market Forecasts and Analysis
9.4.3 Middle East and Africa Digital Mobile Radio Market Forecasts and Analysis - By Tier
9.4.4 Middle East and Africa Digital Mobile Radio Market Forecasts and Analysis - By End Use Industry
9.4.5 Middle East and Africa Digital Mobile Radio Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Digital Mobile Radio Market
9.4.5.1.1 South Africa Digital Mobile Radio Market by Tier
9.4.5.1.2 South Africa Digital Mobile Radio Market by End Use Industry
9.4.5.2 Saudi Arabia Digital Mobile Radio Market
9.4.5.2.1 Saudi Arabia Digital Mobile Radio Market by Tier
9.4.5.2.2 Saudi Arabia Digital Mobile Radio Market by End Use Industry
9.4.5.3 U.A.E Digital Mobile Radio Market
9.4.5.3.1 U.A.E Digital Mobile Radio Market by Tier
9.4.5.3.2 U.A.E Digital Mobile Radio Market by End Use Industry
9.4.5.4 Rest of Middle East and Africa Digital Mobile Radio Market
9.4.5.4.1 Rest of Middle East and Africa Digital Mobile Radio Market by Tier
9.4.5.4.2 Rest of Middle East and Africa Digital Mobile Radio Market by End Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Digital Mobile Radio Market Overview
9.5.2 South and Central America Digital Mobile Radio Market Forecasts and Analysis
9.5.3 South and Central America Digital Mobile Radio Market Forecasts and Analysis - By Tier
9.5.4 South and Central America Digital Mobile Radio Market Forecasts and Analysis - By End Use Industry
9.5.5 South and Central America Digital Mobile Radio Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Digital Mobile Radio Market
9.5.5.1.1 Brazil Digital Mobile Radio Market by Tier
9.5.5.1.2 Brazil Digital Mobile Radio Market by End Use Industry
9.5.5.2 Argentina Digital Mobile Radio Market
9.5.5.2.1 Argentina Digital Mobile Radio Market by Tier
9.5.5.2.2 Argentina Digital Mobile Radio Market by End Use Industry
9.5.5.3 Rest of South and Central America Digital Mobile Radio Market
9.5.5.3.1 Rest of South and Central America Digital Mobile Radio Market by Tier
9.5.5.3.2 Rest of South and Central America Digital Mobile Radio Market by End Use Industry

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. DIGITAL MOBILE RADIO MARKET, KEY COMPANY PROFILES
11.1. BK 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. HARRIS TECHNOLOGIES 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. HYTERA COMMUNICATIONS CORPORATION 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. LEONARDO SPA
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. MOTOROLA SOLUTIONS INC.
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. MCS DIGITAL
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. RADIODATA GMBH
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. SIGTECH WIRELESS TECHNOLOGIES
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. SIMOCO WIRELESS SOLUTIONS LIMITED
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. TAIT 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
The List of Companies

1. BK Technologies
2. Harris Technologies Inc.
3. Hytera Communications Corporation Ltd.
4. Leonardo SpA
5. Motorola Solutions Inc.
6. MCS Digital
7. Radiodata GmbH
8. Sigtech Wireless Technologies
9. Simoco Wireless Solutions Limited
10. Tait Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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