GIS in Telecom Market Report, Analysis, Opportunities by 2031
The GIS in Telecom Market is expected to register a CAGR of 14.6% 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 Type (Software, Services); Deployment (Cloud, On-Premise); End User (Small and Medium Enterprise (SME), Large Enterprise). 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 GIS in Telecom 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.
GIS in Telecom Market Segmentation
Type- Software
- Services
- Cloud
- On-Premise
- Small and Medium Enterprise
- Large Enterprise
- 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
GIS in Telecom Market Growth Drivers- Need for Network Optimization and Expansion: Telecom companies are increasingly using Geographic Information Systems (GIS) for network optimization and expansion. GIS technology helps map network coverage, identify gaps, and optimize infrastructure to provide better service and coverage. With the growing demand for high-speed internet and mobile services, telecom providers rely on GIS to plan network expansions, streamline operations, and improve service delivery. This driver is essential as telecom operators work to meet the ever-growing needs of users in urban and rural areas.
- Growing Demand for 5G Deployment: The global push for 5G technology is driving the adoption of GIS in the telecom market. GIS allows telecom operators to plan, manage, and deploy 5G networks more efficiently by providing detailed geographical data. It helps identify optimal locations for 5G towers, analyze signal propagation, and optimize backhaul networks. As 5G becomes more widespread, GIS is crucial for ensuring seamless and high-performance network delivery.
- Integration with Big Data and AI: GIS technology in the telecom sector is increasingly integrated with Big Data analytics and Artificial Intelligence (AI). This integration allows telecom companies to analyze vast amounts of geographical data for improved decision-making. By leveraging AI, telecom operators can better predict network usage, monitor traffic patterns, and enhance customer experience, resulting in more efficient network management and service delivery.
- Real-Time Geospatial Data for Network Monitoring: The adoption of real-time geospatial data is becoming a key trend in the telecom industry. Telecom providers use real-time GIS data to monitor network performance, detect issues, and perform proactive maintenance. This trend enables faster troubleshooting, ensuring that network outages are minimized and service quality is maintained. The use of live geospatial data is transforming network management by offering a dynamic, up-to-date view of the telecom infrastructure.
- Enhanced Customer Experience and Service Delivery: GIS offers telecom companies the opportunity to enhance customer experience by providing better location-based services. By using GIS for network analysis, telecom operators can offer more accurate coverage maps, provide location-based troubleshooting, and improve the overall quality of service. This leads to increased customer satisfaction and loyalty, offering a significant opportunity for growth in the competitive telecom market.
- Expansion into Rural and Remote Areas: One of the key opportunities for GIS in the telecom market is the expansion of network services into rural and remote areas. GIS helps identify the best locations for building new infrastructure, ensuring cost-effective deployments in underserved regions. By using geospatial data to assess terrain and infrastructure needs, telecom operators can extend their coverage efficiently, opening up new markets and increasing revenue potential in less urbanized areas.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the GIS in Telecom 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 GIS in Telecom 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
- 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.
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
AI and machine learning integration is anticipated to play a significant role in the global GIS in telecom market in the coming years
The GIS in Telecom Market is estimated to witness a CAGR of 14.6% from 2023 to 2031
Network infrastructure optimization and location-based service enhancement are the major factors driving the GIS in telecom market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 GIS In Telecom Market - By TYPE
1.3.2 GIS In Telecom Market - By DEPLOYMENT
1.3.3 GIS In Telecom Market - By END USER
1.3.4 GIS In Telecom Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GIS IN TELECOM 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. GIS IN TELECOM 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. GIS IN TELECOM MARKET - GLOBAL MARKET ANALYSIS
6.1. GIS IN TELECOM - GLOBAL MARKET OVERVIEW
6.2. GIS IN TELECOM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GIS IN TELECOM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. SOFTWARE Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. SERVICES Market Forecast and Analysis
8. GIS IN TELECOM MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. CLOUD Market Forecast and Analysis
8.4. ON-PREMISE
8.4.1. Overview
8.4.2. ON-PREMISE Market Forecast and Analysis
9. GIS IN TELECOM MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. SMALL AND MEDIUM ENTERPRISE (SME)
9.3.1. Overview
9.3.2. SMALL and MEDIUM ENTERPRISE (SME) Market Forecast and Analysis
9.4. LARGE ENTERPRISE
9.4.1. Overview
9.4.2. LARGE ENTERPRISE Market Forecast and Analysis
10. GIS IN TELECOM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America GIS In Telecom Market Overview
10.1.2 North America GIS In Telecom Market Forecasts and Analysis
10.1.3 North America GIS In Telecom Market Forecasts and Analysis - By TYPE
10.1.4 North America GIS In Telecom Market Forecasts and Analysis - By DEPLOYMENT
10.1.5 North America GIS In Telecom Market Forecasts and Analysis - By END USER
10.1.6 North America GIS In Telecom Market Forecasts and Analysis - By Countries
10.1.6.1 Canada GIS In Telecom Market
10.1.6.1.1 Canada GIS In Telecom Market by TYPE
10.1.6.1.2 Canada GIS In Telecom Market by DEPLOYMENT
10.1.6.1.3 Canada GIS In Telecom Market by END USER
10.1.6.2 Mexico GIS In Telecom Market
10.1.6.2.1 Mexico GIS In Telecom Market by TYPE
10.1.6.2.2 Mexico GIS In Telecom Market by DEPLOYMENT
10.1.6.2.3 Mexico GIS In Telecom Market by END USER
10.1.6.3 US GIS In Telecom Market
10.1.6.3.1 US GIS In Telecom Market by TYPE
10.1.6.3.2 US GIS In Telecom Market by DEPLOYMENT
10.1.6.3.3 US GIS In Telecom Market by END USER
10.2. EUROPE
10.2.1 Europe GIS In Telecom Market Overview
10.2.2 Europe GIS In Telecom Market Forecasts and Analysis
10.2.3 Europe GIS In Telecom Market Forecasts and Analysis - By TYPE
10.2.4 Europe GIS In Telecom Market Forecasts and Analysis - By DEPLOYMENT
10.2.5 Europe GIS In Telecom Market Forecasts and Analysis - By END USER
10.2.6 Europe GIS In Telecom Market Forecasts and Analysis - By Countries
10.2.6.1 Germany GIS In Telecom Market
10.2.6.1.1 Germany GIS In Telecom Market by TYPE
10.2.6.1.2 Germany GIS In Telecom Market by DEPLOYMENT
10.2.6.1.3 Germany GIS In Telecom Market by END USER
10.2.6.2 France GIS In Telecom Market
10.2.6.2.1 France GIS In Telecom Market by TYPE
10.2.6.2.2 France GIS In Telecom Market by DEPLOYMENT
10.2.6.2.3 France GIS In Telecom Market by END USER
10.2.6.3 Italy GIS In Telecom Market
10.2.6.3.1 Italy GIS In Telecom Market by TYPE
10.2.6.3.2 Italy GIS In Telecom Market by DEPLOYMENT
10.2.6.3.3 Italy GIS In Telecom Market by END USER
10.2.6.4 United Kingdom GIS In Telecom Market
10.2.6.4.1 United Kingdom GIS In Telecom Market by TYPE
10.2.6.4.2 United Kingdom GIS In Telecom Market by DEPLOYMENT
10.2.6.4.3 United Kingdom GIS In Telecom Market by END USER
10.2.6.5 Russia GIS In Telecom Market
10.2.6.5.1 Russia GIS In Telecom Market by TYPE
10.2.6.5.2 Russia GIS In Telecom Market by DEPLOYMENT
10.2.6.5.3 Russia GIS In Telecom Market by END USER
10.2.6.6 Rest of Europe GIS In Telecom Market
10.2.6.6.1 Rest of Europe GIS In Telecom Market by TYPE
10.2.6.6.2 Rest of Europe GIS In Telecom Market by DEPLOYMENT
10.2.6.6.3 Rest of Europe GIS In Telecom Market by END USER
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific GIS In Telecom Market Overview
10.3.2 Asia-Pacific GIS In Telecom Market Forecasts and Analysis
10.3.3 Asia-Pacific GIS In Telecom Market Forecasts and Analysis - By TYPE
10.3.4 Asia-Pacific GIS In Telecom Market Forecasts and Analysis - By DEPLOYMENT
10.3.5 Asia-Pacific GIS In Telecom Market Forecasts and Analysis - By END USER
10.3.6 Asia-Pacific GIS In Telecom Market Forecasts and Analysis - By Countries
10.3.6.1 Australia GIS In Telecom Market
10.3.6.1.1 Australia GIS In Telecom Market by TYPE
10.3.6.1.2 Australia GIS In Telecom Market by DEPLOYMENT
10.3.6.1.3 Australia GIS In Telecom Market by END USER
10.3.6.2 China GIS In Telecom Market
10.3.6.2.1 China GIS In Telecom Market by TYPE
10.3.6.2.2 China GIS In Telecom Market by DEPLOYMENT
10.3.6.2.3 China GIS In Telecom Market by END USER
10.3.6.3 India GIS In Telecom Market
10.3.6.3.1 India GIS In Telecom Market by TYPE
10.3.6.3.2 India GIS In Telecom Market by DEPLOYMENT
10.3.6.3.3 India GIS In Telecom Market by END USER
10.3.6.4 Japan GIS In Telecom Market
10.3.6.4.1 Japan GIS In Telecom Market by TYPE
10.3.6.4.2 Japan GIS In Telecom Market by DEPLOYMENT
10.3.6.4.3 Japan GIS In Telecom Market by END USER
10.3.6.5 South Korea GIS In Telecom Market
10.3.6.5.1 South Korea GIS In Telecom Market by TYPE
10.3.6.5.2 South Korea GIS In Telecom Market by DEPLOYMENT
10.3.6.5.3 South Korea GIS In Telecom Market by END USER
10.3.6.6 Rest of Asia-Pacific GIS In Telecom Market
10.3.6.6.1 Rest of Asia-Pacific GIS In Telecom Market by TYPE
10.3.6.6.2 Rest of Asia-Pacific GIS In Telecom Market by DEPLOYMENT
10.3.6.6.3 Rest of Asia-Pacific GIS In Telecom Market by END USER
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa GIS In Telecom Market Overview
10.4.2 Middle East and Africa GIS In Telecom Market Forecasts and Analysis
10.4.3 Middle East and Africa GIS In Telecom Market Forecasts and Analysis - By TYPE
10.4.4 Middle East and Africa GIS In Telecom Market Forecasts and Analysis - By DEPLOYMENT
10.4.5 Middle East and Africa GIS In Telecom Market Forecasts and Analysis - By END USER
10.4.6 Middle East and Africa GIS In Telecom Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa GIS In Telecom Market
10.4.6.1.1 South Africa GIS In Telecom Market by TYPE
10.4.6.1.2 South Africa GIS In Telecom Market by DEPLOYMENT
10.4.6.1.3 South Africa GIS In Telecom Market by END USER
10.4.6.2 Saudi Arabia GIS In Telecom Market
10.4.6.2.1 Saudi Arabia GIS In Telecom Market by TYPE
10.4.6.2.2 Saudi Arabia GIS In Telecom Market by DEPLOYMENT
10.4.6.2.3 Saudi Arabia GIS In Telecom Market by END USER
10.4.6.3 U.A.E GIS In Telecom Market
10.4.6.3.1 U.A.E GIS In Telecom Market by TYPE
10.4.6.3.2 U.A.E GIS In Telecom Market by DEPLOYMENT
10.4.6.3.3 U.A.E GIS In Telecom Market by END USER
10.4.6.4 Rest of Middle East and Africa GIS In Telecom Market
10.4.6.4.1 Rest of Middle East and Africa GIS In Telecom Market by TYPE
10.4.6.4.2 Rest of Middle East and Africa GIS In Telecom Market by DEPLOYMENT
10.4.6.4.3 Rest of Middle East and Africa GIS In Telecom Market by END USER
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America GIS In Telecom Market Overview
10.5.2 South and Central America GIS In Telecom Market Forecasts and Analysis
10.5.3 South and Central America GIS In Telecom Market Forecasts and Analysis - By TYPE
10.5.4 South and Central America GIS In Telecom Market Forecasts and Analysis - By DEPLOYMENT
10.5.5 South and Central America GIS In Telecom Market Forecasts and Analysis - By END USER
10.5.6 South and Central America GIS In Telecom Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil GIS In Telecom Market
10.5.6.1.1 Brazil GIS In Telecom Market by TYPE
10.5.6.1.2 Brazil GIS In Telecom Market by DEPLOYMENT
10.5.6.1.3 Brazil GIS In Telecom Market by END USER
10.5.6.2 Argentina GIS In Telecom Market
10.5.6.2.1 Argentina GIS In Telecom Market by TYPE
10.5.6.2.2 Argentina GIS In Telecom Market by DEPLOYMENT
10.5.6.2.3 Argentina GIS In Telecom Market by END USER
10.5.6.3 Rest of South and Central America GIS In Telecom Market
10.5.6.3.1 Rest of South and Central America GIS In Telecom Market by TYPE
10.5.6.3.2 Rest of South and Central America GIS In Telecom Market by DEPLOYMENT
10.5.6.3.3 Rest of South and Central America GIS In Telecom 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. GIS IN TELECOM MARKET, KEY COMPANY PROFILES
12.1. BENTLEY SYSTEMS, INCORPORATED
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. BLUE MARBLE GEOGRAPHICS
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. CYIENT
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. ESRI GLOBAL INC.
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. HARRIS CORPORATION
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. HEXAGON AB
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. PITNEY BOWES 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. RMSI
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. SPATIAL BUSINESS SYSTEMS, 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. TRIMBLE INC.
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. BENTLEY SYSTEMS, INCORPORATED
2. Blue Marble Geographics
3. Cyient
4. Esri Global Inc.
5. Harris Corporation
6. HEXAGON AB
7. Pitney Bowes Inc.
8. RMSI
9. Spatial Business Systems, Inc.
10. Trimble Inc.
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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