Enterprise VSAT Market Insights and Growth by 2031
The enterprise VSAT market is expected to register a CAGR of 7.2% during 2023–2031. The rapid evolution of VSAT technology is likely to remain a key trend in the market.
Enterprise VSAT Market Analysis
- The enterprise VSAT market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The enterprise VSAT market is growing owing to factors such as increasing demand for reliable, high-speed connectivity in remote and underserved areas, increased use of satellite services across various industries, and increasing demand for bandwidth requirements.
- Surging demand for autonomous and connected vehicles, along with rising government initiatives to provide efficient communication services to provide lucrative opportunities for the enterprise VSAT market.
Enterprise VSAT Market Overview
- Enterprise VSATs are satellite-based communication systems intended for companies and organizations requiring reliable, fast data connectivity over large geographic regions.
- Small satellite dishes are used to create two-way communication with geostationary satellites, allowing voice, data, and video transmission even in remote locations without access to or reliability from terrestrial networks.
- Enterprise VSAT systems provide consistent connectivity for applications like internet access, virtual private networks (VPNs), video conferencing, and real-time data transfer. They are scalable and flexible enough to cater to a wide range of industries, including oil and gas, maritime, retail, and government sectors.
- This technology is particularly valuable for maintaining communication links during disasters or in areas with underdeveloped infrastructure.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Enterprise VSAT Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Enterprise VSAT Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Enterprise VSAT Market Drivers and Opportunities
Increasing Demand For Reliable, High-Speed Connectivity In Remote And Underserved Areas to Favor Market
- When companies expand into areas with limited terrestrial infrastructure, VSAT technology provides an affordable and easily deployed means of communication.
- Moreover, the increasing adoption of big data analytics, cloud-based services, and Internet of Things (IoT) applications in many industries is driving this demand even more.
- With the help of enterprise VSAT systems, businesses can easily incorporate these technologies into their operations, regardless of location, which improves productivity, efficiency, and decision-making.
Rising Government Initiatives To Provide Efficient Communication Services
- The importance of connectivity for promoting economic growth, boosting public services, and raising the standard of living for citizens is being recognized by governments across the globe.
- Consequently, a lot of people are starting large-scale initiatives to bring the Internet to underserved and rural areas where standard terrestrial infrastructure is either too expensive or unfeasible.
- In such a scenario, VSAT technology offers an ideal solution that can quickly provide high-speed connectivity over large geographic areas. In order to carry out e-governance initiatives, upgrade educational materials in rural schools, improve healthcare services through telemedicine, and fortify emergency response systems, governments are increasingly collaborating with VSAT operators.
- Governments' continued emphasis on universal connectivity and digital inclusion indicates that the enterprise VSAT market will continue to grow in the coming years.
Enterprise VSAT Market Report Segmentation Analysis
Key segments that contributed to the derivation of the enterprise VSAT market analysis are component, organization size, and application.
- By component, the market is bifurcated into hardware and services.
- By organization size, the market is bifurcated into small enterprises, medium enterprises, and large enterprises.
- By application, the market is segmented into Healthcare, IT and telecom, government, educational institutions, BFSI, retail, energy and utility, and others.
Enterprise VSAT Market Share Analysis by Geography
- Enterprise VSAT market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering enterprise VSAT market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the enterprise VSAT market in these regions.
Enterprise VSAT Market Report Scope
Enterprise VSAT Market News and Recent Developments
The enterprise VSAT market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the enterprise VSAT market are listed below:
- Satcom Global announced a global agreement, driving expansion and further enhancing the global Ku-band network behind the groundbreaking flexible and scalable AuraNow VSAT solution. With this partnership, Vessels equipped with AuraNow will enjoy the formidable synergy of Satcom Global’s bandwidth and contract flexibility, coupled with Intelsat’s expansive fleet of multi-layered, high-throughput satellites (HTS), constituting the world’s largest and most advanced satellite fleet and connectivity infrastructure. This new partnership significantly broadens the AuraNow global footprint, providing greater access to HTS assets. (Satcom Global, Press Release, April 2024)
- Viasat Inc. VSAT recently announced the launch of Business Choice Internet Service Plans to cater to the connectivity requirements of small and medium enterprises. The service will provide businesses access to reliable connectivity that can reach up to 100 Mbps download speeds coast to coast and 150 Mbps in some selected areas. (Viasat Inc., Press Release, December 2023)
Enterprise VSAT Market Report Coverage and Deliverables
The “Enterprise VSAT Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Enterprise VSAT market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Enterprise VSAT market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Enterprise VSAT market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the enterprise VSAT market
- Detailed company profiles
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.
Frequently Asked Questions
The global enterprise VSAT market is expected to grow at a CAGR of 7.2% during the forecast period 2024 - 2031.
Increasing demand for reliable, high-speed connectivity in remote and underserved areas, increased use of satellite services across various industries and increasing demand of bandwidth requirements are the major factors driving the enterprise VSAT market.
The rapid evolution of VSAT technology is anticipated to play a significant role in the global enterprise VSAT market in the coming years.
The leading players operating in the enterprise VSAT market are Comtech Telecommunications Corp.; Cambium Networks, Ltd.; Telefónica S.A.; Embratel; Hughes Network Systems, LLC; Nelco; ND SatCom GmbH; Link Communications Systems (U.S.); SageNet (U.S.); and ST Engineering iDirect, Inc
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and a 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 Enterprise VSAT Market - By Component
1.3.2 Enterprise VSAT Market - By Size of Enterprise
1.3.3 Enterprise VSAT Market - By Application
1.3.4 Enterprise VSAT Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. ENTERPRISE VSAT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 Asia-Pacific - Pest Analysis
4.3.4 Middle East and Africa - Pest Analysis
4.3.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ENTERPRISE VSAT 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. ENTERPRISE VSAT MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERPRISE VSAT - GLOBAL MARKET OVERVIEW
6.2. ENTERPRISE VSAT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENTERPRISE VSAT 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
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. ENTERPRISE VSAT MARKET - REVENUE AND FORECASTS TO 2028 - SIZE OF ENTERPRISE
8.1. OVERVIEW
8.2. SIZE OF ENTERPRISE MARKET FORECASTS AND ANALYSIS
8.3. SMALL ENTERPRISE
8.3.1. Overview
8.3.2. Small Enterprise Market Forecast and Analysis
8.4. MEDIUM ENTERPRISE
8.4.1. Overview
8.4.2. Medium Enterprise Market Forecast and Analysis
8.5. LARGE ENTERPRISE.
8.5.1. Overview
8.5.2. Large Enterprise. Market Forecast and Analysis
9. ENTERPRISE VSAT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HEALTHCARE
9.3.1. Overview
9.3.2. Healthcare Market Forecast and Analysis
9.4. PUBLIC SECTOR
9.4.1. Overview
9.4.2. Public Sector Market Forecast and Analysis
9.5. GOVERNMENT OFFICES AND EDUCATIONAL INSTITUTION
9.5.1. Overview
9.5.2. Government Offices and Educational Institution Market Forecast and Analysis
9.6. BFSI
9.6.1. Overview
9.6.2. BFSI Market Forecast and Analysis
9.7. RETAIL
9.7.1. Overview
9.7.2. Retail Market Forecast and Analysis
9.8. ENERGY AND UTILITY
9.8.1. Overview
9.8.2. Energy and Utility Market Forecast and Analysis
9.9. OTHER
9.9.1. Overview
9.9.2. Other Market Forecast and Analysis
10. ENTERPRISE VSAT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Enterprise VSAT Market Overview
10.1.2 North America Enterprise VSAT Market Forecasts and Analysis
10.1.3 North America Market Forecasts and Analysis - By Component
10.1.4 North America Market Forecasts and Analysis - By Size of Enterprise
10.1.5 North America Market Forecasts and Analysis - By Application
10.1.6 North America Market Forecasts and Analysis - By Countries
10.1.6.1 United States Market
10.1.6.1.1 United States Market by Component
10.1.6.1.2 United States Market by Size of Enterprise
10.1.6.1.3 United States Market by Application
10.1.6.2 Canada Market
10.1.6.2.1 Canada Market by Component
10.1.6.2.2 Canada Market by Size of Enterprise
10.1.6.2.3 Canada Market by Application
10.1.6.3 Mexico Market
10.1.6.3.1 Mexico Market by Component
10.1.6.3.2 Mexico Market by Size of Enterprise
10.1.6.3.3 Mexico Market by Application
10.2. EUROPE
10.2.1 Europe Enterprise VSAT Market Overview
10.2.2 Europe Enterprise VSAT Market Forecasts and Analysis
10.2.3 Europe Market Forecasts and Analysis - By Component
10.2.4 Europe Market Forecasts and Analysis - By Size of Enterprise
10.2.5 Europe Market Forecasts and Analysis - By Application
10.2.6 Europe Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Market
10.2.6.1.1 Germany Market by Component
10.2.6.1.2 Germany Market by Size of Enterprise
10.2.6.1.3 Germany Market by Application
10.2.6.2 France Market
10.2.6.2.1 France Market by Component
10.2.6.2.2 France Market by Size of Enterprise
10.2.6.2.3 France Market by Application
10.2.6.3 Italy Market
10.2.6.3.1 Italy Market by Component
10.2.6.3.2 Italy Market by Size of Enterprise
10.2.6.3.3 Italy Market by Application
10.2.6.4 United Kingdom Market
10.2.6.4.1 United Kingdom Market by Component
10.2.6.4.2 United Kingdom Market by Size of Enterprise
10.2.6.4.3 United Kingdom Market by Application
10.2.6.5 Russia Market
10.2.6.5.1 Russia Market by Component
10.2.6.5.2 Russia Market by Size of Enterprise
10.2.6.5.3 Russia Market by Application
10.2.6.6 Rest of Europe Market
10.2.6.6.1 Rest of Europe Market by Component
10.2.6.6.2 Rest of Europe Market by Size of Enterprise
10.2.6.6.3 Rest of Europe Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Enterprise VSAT Market Overview
10.3.2 Asia-Pacific Enterprise VSAT Market Forecasts and Analysis
10.3.3 Asia-Pacific Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Market Forecasts and Analysis - By Size of Enterprise
10.3.5 Asia-Pacific Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Market
10.3.6.1.1 Australia Market by Component
10.3.6.1.2 Australia Market by Size of Enterprise
10.3.6.1.3 Australia Market by Application
10.3.6.2 China Market
10.3.6.2.1 China Market by Component
10.3.6.2.2 China Market by Size of Enterprise
10.3.6.2.3 China Market by Application
10.3.6.3 India Market
10.3.6.3.1 India Market by Component
10.3.6.3.2 India Market by Size of Enterprise
10.3.6.3.3 India Market by Application
10.3.6.4 Japan Market
10.3.6.4.1 Japan Market by Component
10.3.6.4.2 Japan Market by Size of Enterprise
10.3.6.4.3 Japan Market by Application
10.3.6.5 South Korea Market
10.3.6.5.1 South Korea Market by Component
10.3.6.5.2 South Korea Market by Size of Enterprise
10.3.6.5.3 South Korea Market by Application
10.3.6.6 Rest of Asia-Pacific Market
10.3.6.6.1 Rest of Asia-Pacific Market by Component
10.3.6.6.2 Rest of Asia-Pacific Market by Size of Enterprise
10.3.6.6.3 Rest of Asia-Pacific Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Enterprise VSAT Market Overview
10.4.2 Middle East and Africa Enterprise VSAT Market Forecasts and Analysis
10.4.3 Middle East and Africa Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Market Forecasts and Analysis - By Size of Enterprise
10.4.5 Middle East and Africa Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Market
10.4.6.1.1 South Africa Market by Component
10.4.6.1.2 South Africa Market by Size of Enterprise
10.4.6.1.3 South Africa Market by Application
10.4.6.2 Saudi Arabia Market
10.4.6.2.1 Saudi Arabia Market by Component
10.4.6.2.2 Saudi Arabia Market by Size of Enterprise
10.4.6.2.3 Saudi Arabia Market by Application
10.4.6.3 U.A.E Market
10.4.6.3.1 U.A.E Market by Component
10.4.6.3.2 U.A.E Market by Size of Enterprise
10.4.6.3.3 U.A.E Market by Application
10.4.6.4 Rest of Middle East and Africa Market
10.4.6.4.1 Rest of Middle East and Africa Market by Component
10.4.6.4.2 Rest of Middle East and Africa Market by Size of Enterprise
10.4.6.4.3 Rest of Middle East and Africa Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Enterprise VSAT Market Overview
10.5.2 South and Central America Enterprise VSAT Market Forecasts and Analysis
10.5.3 South and Central America Market Forecasts and Analysis - By Component
10.5.4 South and Central America Market Forecasts and Analysis - By Size of Enterprise
10.5.5 South and Central America Market Forecasts and Analysis - By Application
10.5.6 South and Central America Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Market
10.5.6.1.1 Brazil Market by Component
10.5.6.1.2 Brazil Market by Size of Enterprise
10.5.6.1.3 Brazil Market by Application
10.5.6.2 Argentina Market
10.5.6.2.1 Argentina Market by Component
10.5.6.2.2 Argentina Market by Size of Enterprise
10.5.6.2.3 Argentina Market by Application
10.5.6.3 Rest of South and Central America Market
10.5.6.3.1 Rest of South and Central America Market by Component
10.5.6.3.2 Rest of South and Central America Market by Size of Enterprise
10.5.6.3.3 Rest of South and Central America Market by Application
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. ENTERPRISE VSAT MARKET, KEY COMPANY PROFILES
12.1. BHARTI AIRTEL LIMITED
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. COMTECH TELECOMMUNICATIONS CORP
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. EMBRATEL
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. GILAT SATELLITE NETWORKS
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. HUGHES COMMUNICATIONS
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. ND SATCOM GMBH
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. NEWSAT
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. ORION SATELLITE SYSTEMS PTY LIMITED
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. POLARSAT 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. SKYCASTERS
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. Bharti Airtel Limited
2. Comtech Telecommunications Corp
3. Embratel
4. Gilat Satellite Networks
5. Hughes Communications
6. ND SatCom GmbH
7. NewSat
8. Orion Satellite Systems Pty Limited
9. Polarsat Inc.
10. Skycasters
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.
Get Free Sample For