Emergency Response Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Emergency response systems (ERS) are alscalled as medical emergency response systems are intended tfunction in emergency cases. Emergency response system comes in a wide variety of options such as, autfall detection, mobile emergency response systems, and classic home systems which include a smart phone based ad-hoc communication response in emergency.
MARKET SCOPE
The "Global Emergency Response Systems Market Analysis t2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims tprovide an overview of the emergency response systems market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading emergency response systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global emergency response systems market is segmented intstandalone PERS, mobile PERS.
- Based on end user, the market is segmented intassisted living facilities, senior living facilities, homecare settings.
MARKET DYNAMICS
Drivers
- Rising incidents of emergency cases in society such as fire, medical emergencies, accident and external emergencies (Earthquake, floods, and storms)
- Introduction of advanced wearable technologies
- Technological advancements and increasing automation by several companies.
Restraints-
- Increasing incidence of false alarm
- Integration of connected medical devices intan established ecosystem
REGIONAL FRAMEWORK
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 alsprovides market size and forecast estimates from the year 2021 t2031 with respect tfive major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The emergency response systems 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 demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report alsprovides 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 emergency response systems market in these regions.
IMPACT OF COVID-19 ON EMERGENCY RESPONSE SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during 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 confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due tlockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Healthcare professional now present consultation via videconferencing as well as phone calls, in view of the spread of the pandemic. This is more than likely tbenefit the emergency response systems market in the years tfollow. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition tthis, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
KEY
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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 alsprovides market size and forecast estimates from the year 2021 t2031 with respect tfive major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The emergency response systems 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 demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report alsprovides 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 emergency response systems market in these regions.
IMPACT OF COVID-19 ON EMERGENCY RESPONSE SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during 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 confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due tlockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Healthcare professional now present consultation via videconferencing as well as phone calls, in view of the spread of the pandemic. This is more than likely tbenefit the emergency response systems market in the years tfollow. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition tthis, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
KEY MARKET PLAYERS
The report covers key developments in the emergency response systems 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The impact of SARS-CoV-2 has changed across nations with alternating cardiovascular indications. The market payers from emergency response systems market are anticipated tlucrative growth opportunities in the future with the rising demand for emergency response systems in the global market.
The report alsincludes the profiles of key companies along with their SWOT analysis and market strategies in the emergency response systems 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.
- MobileHelp
- Medical Guardian, LLP.
- ADT Corporation
- Connect America
- ALERTONE SERVICES LLC.
- GUARDIAN ALARM
- VRI
- Koninklijke Philips N.V.
- Honeywell International
- Nortek Security and Control LLC.
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.
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 Emergency Response Systems Market - By Type
1.3.2 Emergency Response Systems Market - By End User
1.3.3 Emergency Response Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EMERGENCY RESPONSE SYSTEMS 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. EXPERT OPINIONS
5. EMERGENCY RESPONSE SYSTEMS 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. EMERGENCY RESPONSE SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. EMERGENCY RESPONSE SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. EMERGENCY RESPONSE SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. EMERGENCY RESPONSE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STANDALONE PERS
7.3.1. Overview
7.3.2. Standalone PERS Market Forecast and Analysis
7.3.3. Transmitters Market
7.3.3.1. Overview
7.3.3.2. Transmitters Market Forecast and Analysis
7.3.4. Standalone Voice Communicator Market
7.3.4.1. Overview
7.3.4.2. Standalone Voice Communicator Market Forecast and Analysis
7.3.5. Wandering System Market
7.3.5.1. Overview
7.3.5.2. Wandering System Market Forecast and Analysis
7.3.6. R - Cube or V - Cube Monitoring System Market
7.3.6.1. Overview
7.3.6.2. R - Cube or V - Cube Monitoring System Market Forecast and Analysis
7.4. MOBILE PERS
7.4.1. Overview
7.4.2. Mobile PERS Market Forecast and Analysis
7.4.3. Wireless Emergency Response System Market
7.4.3.1. Overview
7.4.3.2. Wireless Emergency Response System Market Forecast and Analysis
7.4.4. Cellular Emergency Response System Market
7.4.4.1. Overview
7.4.4.2. Cellular Emergency Response System Market Forecast and Analysis
7.4.5. GPS-Based Emergency Response System Market
7.4.5.1. Overview
7.4.5.2. GPS-Based Emergency Response System Market Forecast and Analysis
7.4.6. Landline PERS Market
7.4.6.1. Overview
7.4.6.2. Landline PERS Market Forecast and Analysis
8. EMERGENCY RESPONSE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. ASSISTED LIVING FACILITIES
8.3.1. Overview
8.3.2. Assisted Living Facilities Market Forecast and Analysis
8.4. SENIOR LIVING FACILITIES
8.4.1. Overview
8.4.2. Senior Living Facilities Market Forecast and Analysis
8.5. HOMECARE SETTINGS
8.5.1. Overview
8.5.2. Homecare Settings Market Forecast and Analysis
9. EMERGENCY RESPONSE SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Emergency Response Systems Market Overview
9.1.2 North America Emergency Response Systems Market Forecasts and Analysis
9.1.3 North America Emergency Response Systems Market Forecasts and Analysis - By Type
9.1.4 North America Emergency Response Systems Market Forecasts and Analysis - By End User
9.1.5 North America Emergency Response Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Emergency Response Systems Market
9.1.5.1.1 United States Emergency Response Systems Market by Type
9.1.5.1.2 United States Emergency Response Systems Market by End User
9.1.5.2 Canada Emergency Response Systems Market
9.1.5.2.1 Canada Emergency Response Systems Market by Type
9.1.5.2.2 Canada Emergency Response Systems Market by End User
9.1.5.3 Mexico Emergency Response Systems Market
9.1.5.3.1 Mexico Emergency Response Systems Market by Type
9.1.5.3.2 Mexico Emergency Response Systems Market by End User
9.2. EUROPE
9.2.1 Europe Emergency Response Systems Market Overview
9.2.2 Europe Emergency Response Systems Market Forecasts and Analysis
9.2.3 Europe Emergency Response Systems Market Forecasts and Analysis - By Type
9.2.4 Europe Emergency Response Systems Market Forecasts and Analysis - By End User
9.2.5 Europe Emergency Response Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Emergency Response Systems Market
9.2.5.1.1 Germany Emergency Response Systems Market by Type
9.2.5.1.2 Germany Emergency Response Systems Market by End User
9.2.5.2 France Emergency Response Systems Market
9.2.5.2.1 France Emergency Response Systems Market by Type
9.2.5.2.2 France Emergency Response Systems Market by End User
9.2.5.3 Italy Emergency Response Systems Market
9.2.5.3.1 Italy Emergency Response Systems Market by Type
9.2.5.3.2 Italy Emergency Response Systems Market by End User
9.2.5.4 Spain Emergency Response Systems Market
9.2.5.4.1 Spain Emergency Response Systems Market by Type
9.2.5.4.2 Spain Emergency Response Systems Market by End User
9.2.5.5 United Kingdom Emergency Response Systems Market
9.2.5.5.1 United Kingdom Emergency Response Systems Market by Type
9.2.5.5.2 United Kingdom Emergency Response Systems Market by End User
9.2.5.6 Rest of Europe Emergency Response Systems Market
9.2.5.6.1 Rest of Europe Emergency Response Systems Market by Type
9.2.5.6.2 Rest of Europe Emergency Response Systems Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Emergency Response Systems Market Overview
9.3.2 Asia-Pacific Emergency Response Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Emergency Response Systems Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Emergency Response Systems Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Emergency Response Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Emergency Response Systems Market
9.3.5.1.1 Australia Emergency Response Systems Market by Type
9.3.5.1.2 Australia Emergency Response Systems Market by End User
9.3.5.2 China Emergency Response Systems Market
9.3.5.2.1 China Emergency Response Systems Market by Type
9.3.5.2.2 China Emergency Response Systems Market by End User
9.3.5.3 India Emergency Response Systems Market
9.3.5.3.1 India Emergency Response Systems Market by Type
9.3.5.3.2 India Emergency Response Systems Market by End User
9.3.5.4 Japan Emergency Response Systems Market
9.3.5.4.1 Japan Emergency Response Systems Market by Type
9.3.5.4.2 Japan Emergency Response Systems Market by End User
9.3.5.5 South Korea Emergency Response Systems Market
9.3.5.5.1 South Korea Emergency Response Systems Market by Type
9.3.5.5.2 South Korea Emergency Response Systems Market by End User
9.3.5.6 Rest of Asia-Pacific Emergency Response Systems Market
9.3.5.6.1 Rest of Asia-Pacific Emergency Response Systems Market by Type
9.3.5.6.2 Rest of Asia-Pacific Emergency Response Systems Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Emergency Response Systems Market Overview
9.4.2 Middle East and Africa Emergency Response Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Emergency Response Systems Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Emergency Response Systems Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Emergency Response Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Emergency Response Systems Market
9.4.5.1.1 South Africa Emergency Response Systems Market by Type
9.4.5.1.2 South Africa Emergency Response Systems Market by End User
9.4.5.2 Saudi Arabia Emergency Response Systems Market
9.4.5.2.1 Saudi Arabia Emergency Response Systems Market by Type
9.4.5.2.2 Saudi Arabia Emergency Response Systems Market by End User
9.4.5.3 U.A.E Emergency Response Systems Market
9.4.5.3.1 U.A.E Emergency Response Systems Market by Type
9.4.5.3.2 U.A.E Emergency Response Systems Market by End User
9.4.5.4 Rest of Middle East and Africa Emergency Response Systems Market
9.4.5.4.1 Rest of Middle East and Africa Emergency Response Systems Market by Type
9.4.5.4.2 Rest of Middle East and Africa Emergency Response Systems Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Emergency Response Systems Market Overview
9.5.2 South and Central America Emergency Response Systems Market Forecasts and Analysis
9.5.3 South and Central America Emergency Response Systems Market Forecasts and Analysis - By Type
9.5.4 South and Central America Emergency Response Systems Market Forecasts and Analysis - By End User
9.5.5 South and Central America Emergency Response Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Emergency Response Systems Market
9.5.5.1.1 Brazil Emergency Response Systems Market by Type
9.5.5.1.2 Brazil Emergency Response Systems Market by End User
9.5.5.2 Argentina Emergency Response Systems Market
9.5.5.2.1 Argentina Emergency Response Systems Market by Type
9.5.5.2.2 Argentina Emergency Response Systems Market by End User
9.5.5.3 Rest of South and Central America Emergency Response Systems Market
9.5.5.3.1 Rest of South and Central America Emergency Response Systems Market by Type
9.5.5.3.2 Rest of South and Central America Emergency Response Systems Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL EMERGENCY RESPONSE SYSTEMS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. EMERGENCY RESPONSE SYSTEMS MARKET, KEY COMPANY PROFILES
12.1. MOBILEHELP
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. MEDICAL GUARDIAN, LLP.
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. ADT CORPORATION
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. CONNECT AMERICA
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. ALERTONE SERVICES LLC.
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. GUARDIAN ALARM
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. VRI
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. KONINKLIJKE PHILIPS N.V.
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. HONEYWELL INTERNATIONAL
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. NORTEK SECURITY AND CONTROL LLC.
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
The List of Companies
1. MobileHelp
2. Medical Guardian, LLP.
3. ADT Corporation
4. Connect America
5. Alertone Services LLC.
6. Guardian Alarm
7. VRI
8. Koninklijke Philips N.V.
9. Honeywell International
10. Nortek Security and Control LLC.
11. Tunstall Americas
12. Numera Inc.
13. Bay Alarm Medical
14. Life Alert
15. Greatcall
16. Alert-1
17. Hill-Rom Holdings Inc.
18. Jeron Electronic Systems Inc
19. Rauland-Borg Corporation
20. Ascom Wireless Solutions
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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