Document Imaging Market Scope, Size, Share 2031
The Document Imaging Market is expected to register a CAGR of 10.6% 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 Component (Hardware, Software); Deployment Type (Cloud, On-premises); End-user (Educational Institutions, Government, Enterprises, Law Firms, Others). 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 ReportThe report Document Imaging 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.
Document Imaging Market Segmentation
Component- Hardware
- Software
- Cloud
- On-premises
- Educational Institutions
- Government
- Enterprises
- Law Firms
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Document Imaging Market Growth Drivers- Digital Transformation and the Shift to Paperless Workflows: The global trend toward digital transformation is one of the most significant drivers in the document imaging market. As organizations adopt paperless environments, it becomes critical to digitize paper-based records through document imaging for the better storage, retrieval, and management of documents. Digital work?ows are rapidly emerging because businesses need these for increased ef?ciency, lower paper consumption, and improved operational ?ow. As more industries shift towards digital solutions, the document imaging process will play a broader role in an overall digital transformation strategy.
- Need for Better Document Management and Organization: Searching, storing, and arranging large volumes of paper-based documents can prove cumbersome for most organizations. Document imaging technology allows businesses to better organize, store, and access documents in the most effective way possible and saves time spent when searching for files. Digital documents can be classified and searched easily by metadata and indexing, thereby retrieving the documents faster. Therefore, the demand for better solutions in document management is driving the document imaging market.
- Integration with Other Digital Tools: Document imaging systems can integrate with other digital tools such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and document management systems (DMS). This integration allows for seamless flow of information across departments and enhances collaboration, communication, and overall business operations. As businesses look to integrate into unified digital ecosystems, the demand for document imaging solutions that can easily be integrated with existing software will continue to grow.
- AI and Cloud Integration Advancing Document Imaging Market: The document imaging market is set to grow with the integration of AI and cloud technologies. AI-driven solutions will enhance image recognition, automate data extraction, and improve document indexing. Cloud adoption will provide scalable storage, remote access, and collaboration capabilities, transforming document management processes across industries and driving efficiency, security, and cost savings.
- Compliance and Regulatory Requirements: Most industries in healthcare, finance, and law are governed by strict rules and regulations related to retention and management of documents. For example, a healthcare firm needs to adhere to HIPAA (Health Insurance Portability and Accountability Act) for safe and private patient documents. It allows companies to convert the physical version of the document into a secure digital format, and this must be in compliance with industry-specific regulations. Such a demand for compliance and secure management of documents leads to a huge adoption of document imaging solutions.
- Cost Savings and Space Efficiency: The cost and space savings offered by digital document imaging solutions are powerful drivers for businesses. Paper documents stored in filing cabinets, archives, or warehouses consume a lot of space and, therefore, cost a lot. Furthermore, maintaining paper records is labor-intensive in terms of man hours, supplies, and space. By adopting document imaging technology, organizations can reduce storage costs, eliminate the need for physical space, and improve operational efficiency. This move to reduce overhead costs is pushing businesses to adopt imaging solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Document Imaging 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 Document Imaging 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
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
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
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Integration with Other Digital Tools is anticipated to play a significant role in the global document imaging market in the coming years
The Document Imaging Market is estimated to witness a CAGR of 10.6% from 2023 to 2031
The major factors driving the document imaging market are:
1. Digital Transformation and the Shift to Paperless Workflows
2. Need for Better Document Management and Organization
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Document Imaging Market - By Component
1.3.2 Document Imaging Market - By Deployment Type
1.3.3 Document Imaging Market - By End-user
1.3.4 Document Imaging Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DOCUMENT IMAGING 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. DOCUMENT IMAGING 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. DOCUMENT IMAGING MARKET - GLOBAL MARKET ANALYSIS
6.1. DOCUMENT IMAGING - GLOBAL MARKET OVERVIEW
6.2. DOCUMENT IMAGING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DOCUMENT IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Scanners Market
7.3.3.1. Overview
7.3.3.2. Scanners Market Forecast and Analysis
7.3.4. Printers Market
7.3.4.1. Overview
7.3.4.2. Printers Market Forecast and Analysis
7.3.5. Microfilm Readers Market
7.3.5.1. Overview
7.3.5.2. Microfilm Readers Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
8. DOCUMENT IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
8.1. OVERVIEW
8.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISES
8.4.1. Overview
8.4.2. On-premises Market Forecast and Analysis
9. DOCUMENT IMAGING MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. EDUCATIONAL INSTITUTIONS
9.3.1. Overview
9.3.2. Educational Institutions Market Forecast and Analysis
9.4. GOVERNMENT
9.4.1. Overview
9.4.2. Government Market Forecast and Analysis
9.5. ENTERPRISES
9.5.1. Overview
9.5.2. Enterprises Market Forecast and Analysis
9.6. LAW FIRMS
9.6.1. Overview
9.6.2. Law Firms Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. DOCUMENT IMAGING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Document Imaging Market Overview
10.1.2 North America Document Imaging Market Forecasts and Analysis
10.1.3 North America Document Imaging Market Forecasts and Analysis - By Component
10.1.4 North America Document Imaging Market Forecasts and Analysis - By Deployment Type
10.1.5 North America Document Imaging Market Forecasts and Analysis - By End-user
10.1.6 North America Document Imaging Market Forecasts and Analysis - By Countries
10.1.6.1 United States Document Imaging Market
10.1.6.1.1 United States Document Imaging Market by Component
10.1.6.1.2 United States Document Imaging Market by Deployment Type
10.1.6.1.3 United States Document Imaging Market by End-user
10.1.6.2 Canada Document Imaging Market
10.1.6.2.1 Canada Document Imaging Market by Component
10.1.6.2.2 Canada Document Imaging Market by Deployment Type
10.1.6.2.3 Canada Document Imaging Market by End-user
10.1.6.3 Mexico Document Imaging Market
10.1.6.3.1 Mexico Document Imaging Market by Component
10.1.6.3.2 Mexico Document Imaging Market by Deployment Type
10.1.6.3.3 Mexico Document Imaging Market by End-user
10.2. EUROPE
10.2.1 Europe Document Imaging Market Overview
10.2.2 Europe Document Imaging Market Forecasts and Analysis
10.2.3 Europe Document Imaging Market Forecasts and Analysis - By Component
10.2.4 Europe Document Imaging Market Forecasts and Analysis - By Deployment Type
10.2.5 Europe Document Imaging Market Forecasts and Analysis - By End-user
10.2.6 Europe Document Imaging Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Document Imaging Market
10.2.6.1.1 Germany Document Imaging Market by Component
10.2.6.1.2 Germany Document Imaging Market by Deployment Type
10.2.6.1.3 Germany Document Imaging Market by End-user
10.2.6.2 France Document Imaging Market
10.2.6.2.1 France Document Imaging Market by Component
10.2.6.2.2 France Document Imaging Market by Deployment Type
10.2.6.2.3 France Document Imaging Market by End-user
10.2.6.3 Italy Document Imaging Market
10.2.6.3.1 Italy Document Imaging Market by Component
10.2.6.3.2 Italy Document Imaging Market by Deployment Type
10.2.6.3.3 Italy Document Imaging Market by End-user
10.2.6.4 United Kingdom Document Imaging Market
10.2.6.4.1 United Kingdom Document Imaging Market by Component
10.2.6.4.2 United Kingdom Document Imaging Market by Deployment Type
10.2.6.4.3 United Kingdom Document Imaging Market by End-user
10.2.6.5 Russia Document Imaging Market
10.2.6.5.1 Russia Document Imaging Market by Component
10.2.6.5.2 Russia Document Imaging Market by Deployment Type
10.2.6.5.3 Russia Document Imaging Market by End-user
10.2.6.6 Rest of Europe Document Imaging Market
10.2.6.6.1 Rest of Europe Document Imaging Market by Component
10.2.6.6.2 Rest of Europe Document Imaging Market by Deployment Type
10.2.6.6.3 Rest of Europe Document Imaging Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Document Imaging Market Overview
10.3.2 Asia-Pacific Document Imaging Market Forecasts and Analysis
10.3.3 Asia-Pacific Document Imaging Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Document Imaging Market Forecasts and Analysis - By Deployment Type
10.3.5 Asia-Pacific Document Imaging Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Document Imaging Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Document Imaging Market
10.3.6.1.1 Australia Document Imaging Market by Component
10.3.6.1.2 Australia Document Imaging Market by Deployment Type
10.3.6.1.3 Australia Document Imaging Market by End-user
10.3.6.2 China Document Imaging Market
10.3.6.2.1 China Document Imaging Market by Component
10.3.6.2.2 China Document Imaging Market by Deployment Type
10.3.6.2.3 China Document Imaging Market by End-user
10.3.6.3 India Document Imaging Market
10.3.6.3.1 India Document Imaging Market by Component
10.3.6.3.2 India Document Imaging Market by Deployment Type
10.3.6.3.3 India Document Imaging Market by End-user
10.3.6.4 Japan Document Imaging Market
10.3.6.4.1 Japan Document Imaging Market by Component
10.3.6.4.2 Japan Document Imaging Market by Deployment Type
10.3.6.4.3 Japan Document Imaging Market by End-user
10.3.6.5 South Korea Document Imaging Market
10.3.6.5.1 South Korea Document Imaging Market by Component
10.3.6.5.2 South Korea Document Imaging Market by Deployment Type
10.3.6.5.3 South Korea Document Imaging Market by End-user
10.3.6.6 Rest of Asia-Pacific Document Imaging Market
10.3.6.6.1 Rest of Asia-Pacific Document Imaging Market by Component
10.3.6.6.2 Rest of Asia-Pacific Document Imaging Market by Deployment Type
10.3.6.6.3 Rest of Asia-Pacific Document Imaging Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Document Imaging Market Overview
10.4.2 Middle East and Africa Document Imaging Market Forecasts and Analysis
10.4.3 Middle East and Africa Document Imaging Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Document Imaging Market Forecasts and Analysis - By Deployment Type
10.4.5 Middle East and Africa Document Imaging Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Document Imaging Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Document Imaging Market
10.4.6.1.1 South Africa Document Imaging Market by Component
10.4.6.1.2 South Africa Document Imaging Market by Deployment Type
10.4.6.1.3 South Africa Document Imaging Market by End-user
10.4.6.2 Saudi Arabia Document Imaging Market
10.4.6.2.1 Saudi Arabia Document Imaging Market by Component
10.4.6.2.2 Saudi Arabia Document Imaging Market by Deployment Type
10.4.6.2.3 Saudi Arabia Document Imaging Market by End-user
10.4.6.3 U.A.E Document Imaging Market
10.4.6.3.1 U.A.E Document Imaging Market by Component
10.4.6.3.2 U.A.E Document Imaging Market by Deployment Type
10.4.6.3.3 U.A.E Document Imaging Market by End-user
10.4.6.4 Rest of Middle East and Africa Document Imaging Market
10.4.6.4.1 Rest of Middle East and Africa Document Imaging Market by Component
10.4.6.4.2 Rest of Middle East and Africa Document Imaging Market by Deployment Type
10.4.6.4.3 Rest of Middle East and Africa Document Imaging Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Document Imaging Market Overview
10.5.2 South and Central America Document Imaging Market Forecasts and Analysis
10.5.3 South and Central America Document Imaging Market Forecasts and Analysis - By Component
10.5.4 South and Central America Document Imaging Market Forecasts and Analysis - By Deployment Type
10.5.5 South and Central America Document Imaging Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Document Imaging Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Document Imaging Market
10.5.6.1.1 Brazil Document Imaging Market by Component
10.5.6.1.2 Brazil Document Imaging Market by Deployment Type
10.5.6.1.3 Brazil Document Imaging Market by End-user
10.5.6.2 Argentina Document Imaging Market
10.5.6.2.1 Argentina Document Imaging Market by Component
10.5.6.2.2 Argentina Document Imaging Market by Deployment Type
10.5.6.2.3 Argentina Document Imaging Market by End-user
10.5.6.3 Rest of South and Central America Document Imaging Market
10.5.6.3.1 Rest of South and Central America Document Imaging Market by Component
10.5.6.3.2 Rest of South and Central America Document Imaging Market by Deployment Type
10.5.6.3.3 Rest of South and Central America Document Imaging Market by End-user
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. DOCUMENT IMAGING MARKET, KEY COMPANY PROFILES
12.1. AVISION CANON 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. EASTMAN KODAK COMPANY
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. FUJITSU LTD.
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. HP DEVELOPMENT COMPANY, L.P.
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. KODAK ALARIS INC.
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. NEWGEN SOFTWARE TECHNOLOGIES
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. PENTA TECHNOLOGIES, INC.
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. SEIKO EPSON CORPORATION
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. XEROX CORPORATION
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
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. AVISION Canon Inc
2. Eastman Kodak Company
3. Fujitsu Ltd.
4. HP Development Company, L.P.
5. Kodak Alaris Inc.
6. Newgen Software Technologies
7. Penta Technologies, Inc.
8. Seiko Epson Corporation
9. Xerox Corporation
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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