HCIT Consulting Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Healthcare information technology solutions and systems automate, monitor, and monitor various activities and procedures within healthcare organisations. Healthcare IT programmes represent a modern era of innovation aimed at the clinical performance, care quality, sustainability, and fee-for-service. Healthcare IT consistently outperforms standards in the area of healthcare IT advisory services and staffing. This business expansion is due to the the need for patient protection and data quality, the need to contain healthcare costs, and the implementation of numerous healthcare policies encouraging the usage of HCIT in healthcare facilities.
MARKET SCOPE
The "Global HCIT Consulting Services Market Analysis to 2031" 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 to provide an overview of the HCIT Consulting Services market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading HCIT Consulting Services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global hcit consulting services market is segmented into regulatory compliance, hcit strategy and project/program management, healthcare system security set-up and risk assessment, healthcare enterprise reporting and data analytics, healthcare application analysis, design and development, healthcare business process management, hcit integration and migration, typeion go-live/post go-live support, hcit change management and, other consulting
- Based on the basis of end user, the market is segmented into healthcare payers, healthcare providers, other end user market.
MARKET DYNAMICS
Drivers
- Adoption of cloud technology in HCIT services
- Increased digitization in healthcare are driving the growth of this market due to cloud consulting
- Increasing consolidation in the healthcare industry, opportunities in small rural hospitals and need for healthcare IT consultants in emerging economies
Restraints
- The shortage of qualified information technology workers in healthcare is impeding demand expansion.
- The growing need for data protection is impeding the market's expansion.
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 also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The HCIT Consulting Services 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 also provides 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 HCIT Consulting Services market in these regions.
IMPACT OF COVID-19 ON HCIT CONSULTING SERVICES MARKET
COVID-19's real and clear effect has now culminated in the loss of thousands of lives and a substantial additional burden to the healthcare system. However, as previously mentioned, there is a clear likelihood that the number of fatalities has been underestimated. The number of people who die in the United States per year fits a reasonably constant curve that changes consistently over the year. By 2021, the US would have deviated far from this curve.
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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 also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The HCIT Consulting Services 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 also provides 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 HCIT Consulting Services market in these regions.
IMPACT OF COVID-19 ON HCIT CONSULTING SERVICES MARKET
COVID-19's real and clear effect has now culminated in the loss of thousands of lives and a substantial additional burden to the healthcare system. However, as previously mentioned, there is a clear likelihood that the number of fatalities has been underestimated. The number of people who die in the United States per year fits a reasonably constant curve that changes consistently over the year. By 2021, the US would have deviated far from this curve.
MARKET PLAYERS
The report covers key developments in the HCIT Consulting Services 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 market payers from HCIT Consulting Services market are anticipated to lucrative growth opportunities in the future with the rising demand for HCIT Consulting Services in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the HCIT Consulting Services 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.
- Koninklijke Philips N.V.
- Cerner Corporation
- NTT DATA Corporation
- IBM Corporation
- McKesson Corporation
- Cognizant Technology Solutions Corporation
- Accenture PLC.
- Infosys Ltd.
- General Electric (GE) Company
- Siemens Healthcare GmbH
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 HCIT Consulting Services Market - By Type
1.3.2 HCIT Consulting Services Market - By End User
1.3.3 HCIT Consulting Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HCIT CONSULTING SERVICES 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. HCIT CONSULTING SERVICES 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. HCIT CONSULTING SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. HCIT CONSULTING SERVICES - GLOBAL MARKET OVERVIEW
6.2. HCIT CONSULTING SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HCIT CONSULTING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. REGULATORY COMPLIANCE
7.3.1. Overview
7.3.2. Regulatory Compliance Market Forecast and Analysis
7.4. HCIT STRATEGY AND PROJECT/PROGRAM MANAGEMENT
7.4.1. Overview
7.4.2. HCIT Strategy And Project/Program Management Market Forecast and Analysis
7.5. HEALTHCARE SYSTEM SECURITY SET-UP AND RISK ASSESSMENT
7.5.1. Overview
7.5.2. Healthcare System Security Set-Up And Risk Assessment Market Forecast and Analysis
7.6. HEALTHCARE ENTERPRISE REPORTING AND DATA ANALYTICS
7.6.1. Overview
7.6.2. Healthcare Enterprise Reporting And Data Analytics Market Forecast and Analysis
7.7. HEALTHCARE APPLICATION ANALYSIS
7.7.1. Overview
7.7.2. Healthcare Application Analysis Market Forecast and Analysis
7.8. DESIGN AND DEVELOPMENT
7.8.1. Overview
7.8.2. Design And Development Market Forecast and Analysis
7.9. HEALTHCARE BUSINESS PROCESS MANAGEMENT
7.9.1. Overview
7.9.2. Healthcare Business Process Management Market Forecast and Analysis
7.10. HCIT INTEGRATION AND MIGRATION
7.10.1. Overview
7.10.2. HCIT Integration And Migration Market Forecast and Analysis
7.11. PRODUCTION GO-LIVE/POST GO-LIVE SUPPORT
7.11.1. Overview
7.11.2. Production Go-Live/Post Go-Live Support Market Forecast and Analysis
7.12. HCIT CHANGE MANAGEMENT
7.12.1. Overview
7.12.2. HCIT Change Management Market Forecast and Analysis
7.13. OTHER CONSULTING SERVICES
7.13.1. Overview
7.13.2. Other Consulting Services Market Forecast and Analysis
8. HCIT CONSULTING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HEALTHCARE PAYERS
8.3.1. Overview
8.3.2. Healthcare Payers Market Forecast and Analysis
8.4. HEALTHCARE PROVIDERS
8.4.1. Overview
8.4.2. Healthcare Providers Market Forecast and Analysis
8.5. OTHER END USERS
8.5.1. Overview
8.5.2. Other End Users Market Forecast and Analysis
9. HCIT CONSULTING SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America HCIT Consulting Services Market Overview
9.1.2 North America HCIT Consulting Services Market Forecasts and Analysis
9.1.3 North America HCIT Consulting Services Market Forecasts and Analysis - By Type
9.1.4 North America HCIT Consulting Services Market Forecasts and Analysis - By End User
9.1.5 North America HCIT Consulting Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States HCIT Consulting Services Market
9.1.5.1.1 United States HCIT Consulting Services Market by Type
9.1.5.1.2 United States HCIT Consulting Services Market by End User
9.1.5.2 Canada HCIT Consulting Services Market
9.1.5.2.1 Canada HCIT Consulting Services Market by Type
9.1.5.2.2 Canada HCIT Consulting Services Market by End User
9.1.5.3 Mexico HCIT Consulting Services Market
9.1.5.3.1 Mexico HCIT Consulting Services Market by Type
9.1.5.3.2 Mexico HCIT Consulting Services Market by End User
9.1.5.4 US HCIT Consulting Services Market
9.1.5.4.1 US HCIT Consulting Services Market by Type
9.1.5.4.2 US HCIT Consulting Services Market by End User
9.2. EUROPE
9.2.1 Europe HCIT Consulting Services Market Overview
9.2.2 Europe HCIT Consulting Services Market Forecasts and Analysis
9.2.3 Europe HCIT Consulting Services Market Forecasts and Analysis - By Type
9.2.4 Europe HCIT Consulting Services Market Forecasts and Analysis - By End User
9.2.5 Europe HCIT Consulting Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany HCIT Consulting Services Market
9.2.5.1.1 Germany HCIT Consulting Services Market by Type
9.2.5.1.2 Germany HCIT Consulting Services Market by End User
9.2.5.2 France HCIT Consulting Services Market
9.2.5.2.1 France HCIT Consulting Services Market by Type
9.2.5.2.2 France HCIT Consulting Services Market by End User
9.2.5.3 Italy HCIT Consulting Services Market
9.2.5.3.1 Italy HCIT Consulting Services Market by Type
9.2.5.3.2 Italy HCIT Consulting Services Market by End User
9.2.5.4 Spain HCIT Consulting Services Market
9.2.5.4.1 Spain HCIT Consulting Services Market by Type
9.2.5.4.2 Spain HCIT Consulting Services Market by End User
9.2.5.5 United Kingdom HCIT Consulting Services Market
9.2.5.5.1 United Kingdom HCIT Consulting Services Market by Type
9.2.5.5.2 United Kingdom HCIT Consulting Services Market by End User
9.2.5.6 Rest of Europe HCIT Consulting Services Market
9.2.5.6.1 Rest of Europe HCIT Consulting Services Market by Type
9.2.5.6.2 Rest of Europe HCIT Consulting Services Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific HCIT Consulting Services Market Overview
9.3.2 Asia-Pacific HCIT Consulting Services Market Forecasts and Analysis
9.3.3 Asia-Pacific HCIT Consulting Services Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific HCIT Consulting Services Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific HCIT Consulting Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia HCIT Consulting Services Market
9.3.5.1.1 Australia HCIT Consulting Services Market by Type
9.3.5.1.2 Australia HCIT Consulting Services Market by End User
9.3.5.2 China HCIT Consulting Services Market
9.3.5.2.1 China HCIT Consulting Services Market by Type
9.3.5.2.2 China HCIT Consulting Services Market by End User
9.3.5.3 India HCIT Consulting Services Market
9.3.5.3.1 India HCIT Consulting Services Market by Type
9.3.5.3.2 India HCIT Consulting Services Market by End User
9.3.5.4 Japan HCIT Consulting Services Market
9.3.5.4.1 Japan HCIT Consulting Services Market by Type
9.3.5.4.2 Japan HCIT Consulting Services Market by End User
9.3.5.5 South Korea HCIT Consulting Services Market
9.3.5.5.1 South Korea HCIT Consulting Services Market by Type
9.3.5.5.2 South Korea HCIT Consulting Services Market by End User
9.3.5.6 Rest of Asia-Pacific HCIT Consulting Services Market
9.3.5.6.1 Rest of Asia-Pacific HCIT Consulting Services Market by Type
9.3.5.6.2 Rest of Asia-Pacific HCIT Consulting Services Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa HCIT Consulting Services Market Overview
9.4.2 Middle East and Africa HCIT Consulting Services Market Forecasts and Analysis
9.4.3 Middle East and Africa HCIT Consulting Services Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa HCIT Consulting Services Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa HCIT Consulting Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa HCIT Consulting Services Market
9.4.5.1.1 South Africa HCIT Consulting Services Market by Type
9.4.5.1.2 South Africa HCIT Consulting Services Market by End User
9.4.5.2 Saudi Arabia HCIT Consulting Services Market
9.4.5.2.1 Saudi Arabia HCIT Consulting Services Market by Type
9.4.5.2.2 Saudi Arabia HCIT Consulting Services Market by End User
9.4.5.3 U.A.E HCIT Consulting Services Market
9.4.5.3.1 U.A.E HCIT Consulting Services Market by Type
9.4.5.3.2 U.A.E HCIT Consulting Services Market by End User
9.4.5.4 Rest of Middle East and Africa HCIT Consulting Services Market
9.4.5.4.1 Rest of Middle East and Africa HCIT Consulting Services Market by Type
9.4.5.4.2 Rest of Middle East and Africa HCIT Consulting Services Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America HCIT Consulting Services Market Overview
9.5.2 South and Central America HCIT Consulting Services Market Forecasts and Analysis
9.5.3 South and Central America HCIT Consulting Services Market Forecasts and Analysis - By Type
9.5.4 South and Central America HCIT Consulting Services Market Forecasts and Analysis - By End User
9.5.5 South and Central America HCIT Consulting Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil HCIT Consulting Services Market
9.5.5.1.1 Brazil HCIT Consulting Services Market by Type
9.5.5.1.2 Brazil HCIT Consulting Services Market by End User
9.5.5.2 Argentina HCIT Consulting Services Market
9.5.5.2.1 Argentina HCIT Consulting Services Market by Type
9.5.5.2.2 Argentina HCIT Consulting Services Market by End User
9.5.5.3 Rest of South and Central America HCIT Consulting Services Market
9.5.5.3.1 Rest of South and Central America HCIT Consulting Services Market by Type
9.5.5.3.2 Rest of South and Central America HCIT Consulting Services Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HCIT CONSULTING SERVICES 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. HCIT CONSULTING SERVICES MARKET, KEY COMPANY PROFILES
12.1. KONINKLIJKE PHILIPS N.V.
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. CERNER CORPORATION.
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. NTT DATA 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. IBM CORPORATION
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. MCKESSON 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. COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
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. ACCENTURE PLC.
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. INFOSYS LTD.
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. GENERAL ELECTRIC (GE) COMPANY
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. SIEMENS HEALTHCARE GMBH
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. Koninklijke Philips N.V.
2. Cerner Corporation
3. NTT DATA Corporation
4. IBM Corporation
5. McKesson Corporation
6. Cognizant Technology Solutions Corporation
7. Accenture PLC.
8. Infosys Ltd.
9. General Electric (GE) Company
10. Siemens Healthcare GmbH
11. HCL Technologies Limited
12. Hexaware Technologies
13. Infor
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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