Finance as a Service Market Opportunities 2031
The Finance as a Service Market is expected to register a CAGR of 8.6% 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 Type (Accounting, Auditing, Others); Organization Size (SMEs, Large Enterprises); End User (IT and Telecom, Manufacturing, Retail, Construction, 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 Finance as a Service 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.
Finance as a Service Market Segmentation
Type- Accounting
- Auditing
- Others
- SMEs
- Large Enterprises
- IT and Telecom
- Manufacturing
- Retail
- Construction
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- North America
- Europe
- Asia-Pacific
- South and Central America
Strategic Insights
Finance as a Service Market Growth Drivers- Increased Adoption of Cloud Computing: Expansion of Finance as a Service is, in fact, catalyzed by the rapid rise in adoption of cloud computing. Through the usage of cloud-based services, businesses can access their financial services without having to spend a lot on pre-on-premise infrastructure. Through these cloud platforms, which allow flexible and scalable operations, business can scale their financial services operations according to their need but save on the high capital that would have been expended beforehand. With the cloud providing greater security, integration, and accessibility of data, more firms, particularly SMEs, embrace FaaS to enhance financial management.
- Demand for Financial Automation and Efficiency: Businesses are looking to automate financial processes to minimize the manual workload, increase accuracy, and enhance operational efficiency. Finance as a Service providers offer solutions that automate accounting, payroll, billing, invoicing, reconciliation, and reporting. Automation of these functions saves companies time, reduces errors, and focuses more on strategic activities, which is helpful for businesses seeking to optimize their financial operations in a competitive market.
- SMEs and Digital Financial Inclusion: Small and medium-sized enterprises (SMEs) represent a significant opportunity for the FaaS market. Traditionally, accounting, taxation, and ERP services were expensive and inaccessible for SMEs. However, the FaaS platform provides inexpensive and scalable solutions that give SMEs access to enterprise-level financial services without requiring investments in large IT or complex infrastructures. This is contributing towards digital financial inclusion, in which SMEs can compete equally with large enterprises, especially in the emerging markets where access to a traditional banking system is not allowed.
- Growth of AI and Automation in Finance as a Service Market:The Finance as a Service (FaaS) market is set to expand with the integration of AI and automation. These technologies will streamline financial processes, enhance fraud detection, and provide personalized financial advice. As businesses seek more efficient, scalable solutions, FaaS platforms will offer faster, cost-effective financial services, driving innovation and digital transformation in the industry.
- Regulatory Compliance and Risk Management: The complexity of regulatory compliance and risk management in financial sectors has compelled the adoption of FaaS. Regulations such as GDPR, Sarbanes-Oxley, and Basel III insist that businesses keep records of monetary transactions accurate and transparent. Often, FaaS providers will provide firms with tools and features to adapt to these regulations and abide by the set standards when performing their financial activities and staying away from penalties. Another risk associated with the outsourcing of financial services with third-party providers is risk mitigated by organizations regarding data security and fraud prevention.
- Emerging FinTech Ecosystem: The growing fintech organizations offering innovative financial products and services is another factor which makes the FaaS market scale higher. Fintech Startups are utilizing AI, Blockchain and Big Data Analytics to create faster, more transparent and much safer financial services. FaaS platforms integrate these technologies, making modern financial services such as digital payments, lending, wealth management, and insurance accessible to businesses. As the fintech ecosystem grows, more organizations are turning to FaaS to stay competitive and offer innovative financial services to their customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Finance as a Service 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 Finance as a Service 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
The Finance as a Service Market is estimated to witness a CAGR of 8.6% from 2023 to 2031
The major factors driving the finance as a service market are:
1. Increased Adoption of Cloud Computing
2. Demand for Financial Automation and Efficiency
SMEs and Digital Financial Inclusion is anticipated to play a significant role in the global finance as a service market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
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
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Finance As A Service Market - By Type
1.3.2 Finance As A Service Market - By Organization Size
1.3.3 Finance As A Service Market - By End User
1.3.4 Finance As A Service Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FINANCE AS A SERVICE 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. FINANCE AS A SERVICE 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. FINANCE AS A SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. FINANCE AS A SERVICE - GLOBAL MARKET OVERVIEW
6.2. FINANCE AS A SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. FINANCE AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACCOUNTING
7.3.1. Overview
7.3.2. Accounting Market Forecast and Analysis
7.4. AUDITING
7.4.1. Overview
7.4.2. Auditing Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. FINANCE AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1. OVERVIEW
8.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMEs Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. FINANCE AS A SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. IT AND TELECOM
9.3.1. Overview
9.3.2. IT and Telecom Market Forecast and Analysis
9.4. MANUFACTURING
9.4.1. Overview
9.4.2. Manufacturing Market Forecast and Analysis
9.5. RETAIL
9.5.1. Overview
9.5.2. Retail Market Forecast and Analysis
9.6. CONSTRUCTION
9.6.1. Overview
9.6.2. Construction Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. FINANCE AS A SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Finance As A Service Market Overview
10.1.2 North America Finance As A Service Market Forecasts and Analysis
10.1.3 North America Finance As A Service Market Forecasts and Analysis - By Type
10.1.4 North America Finance As A Service Market Forecasts and Analysis - By Organization Size
10.1.5 North America Finance As A Service Market Forecasts and Analysis - By End User
10.1.6 North America Finance As A Service Market Forecasts and Analysis - By Countries
10.1.6.1 United States Finance As A Service Market
10.1.6.1.1 United States Finance As A Service Market by Type
10.1.6.1.2 United States Finance As A Service Market by Organization Size
10.1.6.1.3 United States Finance As A Service Market by End User
10.1.6.2 Canada Finance As A Service Market
10.1.6.2.1 Canada Finance As A Service Market by Type
10.1.6.2.2 Canada Finance As A Service Market by Organization Size
10.1.6.2.3 Canada Finance As A Service Market by End User
10.1.6.3 Mexico Finance As A Service Market
10.1.6.3.1 Mexico Finance As A Service Market by Type
10.1.6.3.2 Mexico Finance As A Service Market by Organization Size
10.1.6.3.3 Mexico Finance As A Service Market by End User
10.2. EUROPE
10.2.1 Europe Finance As A Service Market Overview
10.2.2 Europe Finance As A Service Market Forecasts and Analysis
10.2.3 Europe Finance As A Service Market Forecasts and Analysis - By Type
10.2.4 Europe Finance As A Service Market Forecasts and Analysis - By Organization Size
10.2.5 Europe Finance As A Service Market Forecasts and Analysis - By End User
10.2.6 Europe Finance As A Service Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Finance As A Service Market
10.2.6.1.1 Germany Finance As A Service Market by Type
10.2.6.1.2 Germany Finance As A Service Market by Organization Size
10.2.6.1.3 Germany Finance As A Service Market by End User
10.2.6.2 France Finance As A Service Market
10.2.6.2.1 France Finance As A Service Market by Type
10.2.6.2.2 France Finance As A Service Market by Organization Size
10.2.6.2.3 France Finance As A Service Market by End User
10.2.6.3 Italy Finance As A Service Market
10.2.6.3.1 Italy Finance As A Service Market by Type
10.2.6.3.2 Italy Finance As A Service Market by Organization Size
10.2.6.3.3 Italy Finance As A Service Market by End User
10.2.6.4 United Kingdom Finance As A Service Market
10.2.6.4.1 United Kingdom Finance As A Service Market by Type
10.2.6.4.2 United Kingdom Finance As A Service Market by Organization Size
10.2.6.4.3 United Kingdom Finance As A Service Market by End User
10.2.6.5 Russia Finance As A Service Market
10.2.6.5.1 Russia Finance As A Service Market by Type
10.2.6.5.2 Russia Finance As A Service Market by Organization Size
10.2.6.5.3 Russia Finance As A Service Market by End User
10.2.6.6 Rest of Europe Finance As A Service Market
10.2.6.6.1 Rest of Europe Finance As A Service Market by Type
10.2.6.6.2 Rest of Europe Finance As A Service Market by Organization Size
10.2.6.6.3 Rest of Europe Finance As A Service Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Finance As A Service Market Overview
10.3.2 Asia-Pacific Finance As A Service Market Forecasts and Analysis
10.3.3 Asia-Pacific Finance As A Service Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Finance As A Service Market Forecasts and Analysis - By Organization Size
10.3.5 Asia-Pacific Finance As A Service Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Finance As A Service Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Finance As A Service Market
10.3.6.1.1 Australia Finance As A Service Market by Type
10.3.6.1.2 Australia Finance As A Service Market by Organization Size
10.3.6.1.3 Australia Finance As A Service Market by End User
10.3.6.2 China Finance As A Service Market
10.3.6.2.1 China Finance As A Service Market by Type
10.3.6.2.2 China Finance As A Service Market by Organization Size
10.3.6.2.3 China Finance As A Service Market by End User
10.3.6.3 India Finance As A Service Market
10.3.6.3.1 India Finance As A Service Market by Type
10.3.6.3.2 India Finance As A Service Market by Organization Size
10.3.6.3.3 India Finance As A Service Market by End User
10.3.6.4 Japan Finance As A Service Market
10.3.6.4.1 Japan Finance As A Service Market by Type
10.3.6.4.2 Japan Finance As A Service Market by Organization Size
10.3.6.4.3 Japan Finance As A Service Market by End User
10.3.6.5 South Korea Finance As A Service Market
10.3.6.5.1 South Korea Finance As A Service Market by Type
10.3.6.5.2 South Korea Finance As A Service Market by Organization Size
10.3.6.5.3 South Korea Finance As A Service Market by End User
10.3.6.6 Rest of Asia-Pacific Finance As A Service Market
10.3.6.6.1 Rest of Asia-Pacific Finance As A Service Market by Type
10.3.6.6.2 Rest of Asia-Pacific Finance As A Service Market by Organization Size
10.3.6.6.3 Rest of Asia-Pacific Finance As A Service Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Finance As A Service Market Overview
10.4.2 Middle East and Africa Finance As A Service Market Forecasts and Analysis
10.4.3 Middle East and Africa Finance As A Service Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Finance As A Service Market Forecasts and Analysis - By Organization Size
10.4.5 Middle East and Africa Finance As A Service Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Finance As A Service Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Finance As A Service Market
10.4.6.1.1 South Africa Finance As A Service Market by Type
10.4.6.1.2 South Africa Finance As A Service Market by Organization Size
10.4.6.1.3 South Africa Finance As A Service Market by End User
10.4.6.2 Saudi Arabia Finance As A Service Market
10.4.6.2.1 Saudi Arabia Finance As A Service Market by Type
10.4.6.2.2 Saudi Arabia Finance As A Service Market by Organization Size
10.4.6.2.3 Saudi Arabia Finance As A Service Market by End User
10.4.6.3 U.A.E Finance As A Service Market
10.4.6.3.1 U.A.E Finance As A Service Market by Type
10.4.6.3.2 U.A.E Finance As A Service Market by Organization Size
10.4.6.3.3 U.A.E Finance As A Service Market by End User
10.4.6.4 Rest of Middle East and Africa Finance As A Service Market
10.4.6.4.1 Rest of Middle East and Africa Finance As A Service Market by Type
10.4.6.4.2 Rest of Middle East and Africa Finance As A Service Market by Organization Size
10.4.6.4.3 Rest of Middle East and Africa Finance As A Service Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Finance As A Service Market Overview
10.5.2 South and Central America Finance As A Service Market Forecasts and Analysis
10.5.3 South and Central America Finance As A Service Market Forecasts and Analysis - By Type
10.5.4 South and Central America Finance As A Service Market Forecasts and Analysis - By Organization Size
10.5.5 South and Central America Finance As A Service Market Forecasts and Analysis - By End User
10.5.6 South and Central America Finance As A Service Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Finance As A Service Market
10.5.6.1.1 Brazil Finance As A Service Market by Type
10.5.6.1.2 Brazil Finance As A Service Market by Organization Size
10.5.6.1.3 Brazil Finance As A Service Market by End User
10.5.6.2 Argentina Finance As A Service Market
10.5.6.2.1 Argentina Finance As A Service Market by Type
10.5.6.2.2 Argentina Finance As A Service Market by Organization Size
10.5.6.2.3 Argentina Finance As A Service Market by End User
10.5.6.3 Rest of South and Central America Finance As A Service Market
10.5.6.3.1 Rest of South and Central America Finance As A Service Market by Type
10.5.6.3.2 Rest of South and Central America Finance As A Service Market by Organization Size
10.5.6.3.3 Rest of South and Central America Finance As A Service 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. FINANCE AS A SERVICE MARKET, KEY COMPANY PROFILES
12.1. DELOITTE TOUCHE TOHMATSU 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. PWC
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. ERNST AND YOUNG GLOBAL LIMITED
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. KPMG INTERNATIONAL LIMITED
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. BDO
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. RSM INTERNATIONAL LTD.
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. GRANT THORNTON
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. NEXIA INTERNATIONAL 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. BAKER TILLY US, LLP
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. MOSS ADAMS LLP
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Deloitte Touche Tohmatsu Limited
2.PwC
3.Ernst and Young Global Limited
4.KPMG International Limited
5.BDO
6.RSM International Ltd.
7.Grant Thornton
8.Nexia International Limited
9.Baker Tilly US, LLP
10.Moss Adams LLP
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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