Healthcare Predictive Analytics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Predictive analytics is used to analyze current data to predict future using data mining, statistics, modelling, artificial intelligence, and machine learning. It helps enhance various aspects in the healthcare segment. These include patient care, chronic disease management, supply chain efficiencies, and hospital administration. Healthcare predictive analytics industry will witness a strong growth with amount of healthcare data exceeding 187 thousand petabytes in 2015. Owing to the remarkable increase in healthcare database volume, healthcare providers are investing heavily on digital technology to manage crucial information. This healthcare transformation has pushed healthcare industry towards data integration and analytics leading to high demand for healthcare predictive analytics software worldwide.
MARKET SCOPE
The "Global Healthcare predictive analytics 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 Healthcare predictive analytics market with detailed market segmentation by component, product, delivery mode, end user and geography. The report provides key statistics on the market status of the leading Healthcare predictive analytics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the global Healthcare predictive analytics market is segmented into Clinical Analytics, Financial Analytics, Operations Management Analytics, Population Health Management Analytics.
- Based on delivery model, the market is categorised into Stand-alone, Integrated.
- Based on end user, the market is categorised into Payers, Providers, Others.
MARKET DYNAMICS
Drivers
- The rising pressure to curb healthcare costs and introduction of advanced analytics.
- Increasing demand for personalized medication.
- Increasing adoption of electronic health records to better manage patient outcomes.
- The emergence of big data in healthcare, and the rising importance of real-world evidence.
Restraints
- Lack of robust infrastructure for effective functionality and limited skilled IT professionals in healthcare.
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 Healthcare predictive analytics 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 Healthcare predictive analytics market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE PREDICTIVE ANALYTICS MARKET
Throughout the COVID-19 pandemic, predictive analytics tools have played an integral part in healthcare organizations' response to and defense against the virus. The enormous amount of data the pandemic has generated has given researchers and providers the opportunity to analyze trends, monitor patient populations, and begin to rectify longstanding issues in the healthcare industry. For instance, in April 2021, the National Minority Quality Forum (NMQF) has launched its COVID-19 Index, a predictive analytics tool that will help leaders prepare for future surges of coronavirus. Hence, overall impact of COVID 19 will remain positive on Healthcare predictive analytics market.
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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 Healthcare predictive analytics 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 Healthcare predictive analytics market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE PREDICTIVE ANALYTICS MARKET
Throughout the COVID-19 pandemic, predictive analytics tools have played an integral part in healthcare organizations' response to and defense against the virus. The enormous amount of data the pandemic has generated has given researchers and providers the opportunity to analyze trends, monitor patient populations, and begin to rectify longstanding issues in the healthcare industry. For instance, in April 2021, the National Minority Quality Forum (NMQF) has launched its COVID-19 Index, a predictive analytics tool that will help leaders prepare for future surges of coronavirus. Hence, overall impact of COVID 19 will remain positive on Healthcare predictive analytics market.
MARKET PLAYERS
The report covers key developments in the Healthcare predictive analytics 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Healthcare predictive analytics market are anticipated to lucrative growth opportunities in the future with the rising demand for Healthcare predictive analytics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Healthcare predictive analytics 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.
- Cerner Corporation
- McKesson Corporation
- Verisk Analytics, Inc.
- IBM
- Oracle
- MedeAnalytics, Inc.
- SAS
- Optum, Inc.
- Allscripts
- Health Fidelity, Inc.
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 Healthcare Predictive Analytics Market - By Application
1.3.2 Healthcare Predictive Analytics Market - By Delivery Model
1.3.3 Healthcare Predictive Analytics Market - By End user
1.3.4 Healthcare Predictive Analytics Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE PREDICTIVE ANALYTICS 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. HEALTHCARE PREDICTIVE ANALYTICS 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. HEALTHCARE PREDICTIVE ANALYTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE PREDICTIVE ANALYTICS - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE PREDICTIVE ANALYTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HEALTHCARE PREDICTIVE ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. CLINICAL ANALYTICS
7.3.1. Overview
7.3.2. Clinical Analytics Market Forecast and Analysis
7.4. FINANCIAL ANALYTICS
7.4.1. Overview
7.4.2. Financial Analytics Market Forecast and Analysis
7.5. OPERATIONS MANAGEMENT ANALYTICS
7.5.1. Overview
7.5.2. Operations Management Analytics Market Forecast and Analysis
7.6. POPULATION HEALTH MANAGEMENT ANALYTICS
7.6.1. Overview
7.6.2. Population Health Management Analytics Market Forecast and Analysis
8. HEALTHCARE PREDICTIVE ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - DELIVERY MODEL
8.1. OVERVIEW
8.2. DELIVERY MODEL MARKET FORECASTS AND ANALYSIS
8.3. STAND-ALONE
8.3.1. Overview
8.3.2. Stand-alone Market Forecast and Analysis
8.4. INTEGRATED
8.4.1. Overview
8.4.2. Integrated Market Forecast and Analysis
9. HEALTHCARE PREDICTIVE ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. PAYERS
9.3.1. Overview
9.3.2. Payers Market Forecast and Analysis
9.4. PROVIDERS
9.4.1. Overview
9.4.2. Providers Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. HEALTHCARE PREDICTIVE ANALYTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Healthcare Predictive Analytics Market Overview
10.1.2 North America Healthcare Predictive Analytics Market Forecasts and Analysis
10.1.3 North America Healthcare Predictive Analytics Market Forecasts and Analysis - By Application
10.1.4 North America Healthcare Predictive Analytics Market Forecasts and Analysis - By Delivery Model
10.1.5 North America Healthcare Predictive Analytics Market Forecasts and Analysis - By End user
10.1.6 North America Healthcare Predictive Analytics Market Forecasts and Analysis - By Countries
10.1.6.1 United States Healthcare Predictive Analytics Market
10.1.6.1.1 United States Healthcare Predictive Analytics Market by Application
10.1.6.1.2 United States Healthcare Predictive Analytics Market by Delivery Model
10.1.6.1.3 United States Healthcare Predictive Analytics Market by End user
10.1.6.2 Canada Healthcare Predictive Analytics Market
10.1.6.2.1 Canada Healthcare Predictive Analytics Market by Application
10.1.6.2.2 Canada Healthcare Predictive Analytics Market by Delivery Model
10.1.6.2.3 Canada Healthcare Predictive Analytics Market by End user
10.1.6.3 Mexico Healthcare Predictive Analytics Market
10.1.6.3.1 Mexico Healthcare Predictive Analytics Market by Application
10.1.6.3.2 Mexico Healthcare Predictive Analytics Market by Delivery Model
10.1.6.3.3 Mexico Healthcare Predictive Analytics Market by End user
10.2. EUROPE
10.2.1 Europe Healthcare Predictive Analytics Market Overview
10.2.2 Europe Healthcare Predictive Analytics Market Forecasts and Analysis
10.2.3 Europe Healthcare Predictive Analytics Market Forecasts and Analysis - By Application
10.2.4 Europe Healthcare Predictive Analytics Market Forecasts and Analysis - By Delivery Model
10.2.5 Europe Healthcare Predictive Analytics Market Forecasts and Analysis - By End user
10.2.6 Europe Healthcare Predictive Analytics Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Healthcare Predictive Analytics Market
10.2.6.1.1 Germany Healthcare Predictive Analytics Market by Application
10.2.6.1.2 Germany Healthcare Predictive Analytics Market by Delivery Model
10.2.6.1.3 Germany Healthcare Predictive Analytics Market by End user
10.2.6.2 France Healthcare Predictive Analytics Market
10.2.6.2.1 France Healthcare Predictive Analytics Market by Application
10.2.6.2.2 France Healthcare Predictive Analytics Market by Delivery Model
10.2.6.2.3 France Healthcare Predictive Analytics Market by End user
10.2.6.3 Italy Healthcare Predictive Analytics Market
10.2.6.3.1 Italy Healthcare Predictive Analytics Market by Application
10.2.6.3.2 Italy Healthcare Predictive Analytics Market by Delivery Model
10.2.6.3.3 Italy Healthcare Predictive Analytics Market by End user
10.2.6.4 Spain Healthcare Predictive Analytics Market
10.2.6.4.1 Spain Healthcare Predictive Analytics Market by Application
10.2.6.4.2 Spain Healthcare Predictive Analytics Market by Delivery Model
10.2.6.4.3 Spain Healthcare Predictive Analytics Market by End user
10.2.6.5 United Kingdom Healthcare Predictive Analytics Market
10.2.6.5.1 United Kingdom Healthcare Predictive Analytics Market by Application
10.2.6.5.2 United Kingdom Healthcare Predictive Analytics Market by Delivery Model
10.2.6.5.3 United Kingdom Healthcare Predictive Analytics Market by End user
10.2.6.6 Rest of Europe Healthcare Predictive Analytics Market
10.2.6.6.1 Rest of Europe Healthcare Predictive Analytics Market by Application
10.2.6.6.2 Rest of Europe Healthcare Predictive Analytics Market by Delivery Model
10.2.6.6.3 Rest of Europe Healthcare Predictive Analytics Market by End user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Healthcare Predictive Analytics Market Overview
10.3.2 Asia-Pacific Healthcare Predictive Analytics Market Forecasts and Analysis
10.3.3 Asia-Pacific Healthcare Predictive Analytics Market Forecasts and Analysis - By Application
10.3.4 Asia-Pacific Healthcare Predictive Analytics Market Forecasts and Analysis - By Delivery Model
10.3.5 Asia-Pacific Healthcare Predictive Analytics Market Forecasts and Analysis - By End user
10.3.6 Asia-Pacific Healthcare Predictive Analytics Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Healthcare Predictive Analytics Market
10.3.6.1.1 Australia Healthcare Predictive Analytics Market by Application
10.3.6.1.2 Australia Healthcare Predictive Analytics Market by Delivery Model
10.3.6.1.3 Australia Healthcare Predictive Analytics Market by End user
10.3.6.2 China Healthcare Predictive Analytics Market
10.3.6.2.1 China Healthcare Predictive Analytics Market by Application
10.3.6.2.2 China Healthcare Predictive Analytics Market by Delivery Model
10.3.6.2.3 China Healthcare Predictive Analytics Market by End user
10.3.6.3 India Healthcare Predictive Analytics Market
10.3.6.3.1 India Healthcare Predictive Analytics Market by Application
10.3.6.3.2 India Healthcare Predictive Analytics Market by Delivery Model
10.3.6.3.3 India Healthcare Predictive Analytics Market by End user
10.3.6.4 Japan Healthcare Predictive Analytics Market
10.3.6.4.1 Japan Healthcare Predictive Analytics Market by Application
10.3.6.4.2 Japan Healthcare Predictive Analytics Market by Delivery Model
10.3.6.4.3 Japan Healthcare Predictive Analytics Market by End user
10.3.6.5 South Korea Healthcare Predictive Analytics Market
10.3.6.5.1 South Korea Healthcare Predictive Analytics Market by Application
10.3.6.5.2 South Korea Healthcare Predictive Analytics Market by Delivery Model
10.3.6.5.3 South Korea Healthcare Predictive Analytics Market by End user
10.3.6.6 Rest of Asia-Pacific Healthcare Predictive Analytics Market
10.3.6.6.1 Rest of Asia-Pacific Healthcare Predictive Analytics Market by Application
10.3.6.6.2 Rest of Asia-Pacific Healthcare Predictive Analytics Market by Delivery Model
10.3.6.6.3 Rest of Asia-Pacific Healthcare Predictive Analytics Market by End user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Healthcare Predictive Analytics Market Overview
10.4.2 Middle East and Africa Healthcare Predictive Analytics Market Forecasts and Analysis
10.4.3 Middle East and Africa Healthcare Predictive Analytics Market Forecasts and Analysis - By Application
10.4.4 Middle East and Africa Healthcare Predictive Analytics Market Forecasts and Analysis - By Delivery Model
10.4.5 Middle East and Africa Healthcare Predictive Analytics Market Forecasts and Analysis - By End user
10.4.6 Middle East and Africa Healthcare Predictive Analytics Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Healthcare Predictive Analytics Market
10.4.6.1.1 South Africa Healthcare Predictive Analytics Market by Application
10.4.6.1.2 South Africa Healthcare Predictive Analytics Market by Delivery Model
10.4.6.1.3 South Africa Healthcare Predictive Analytics Market by End user
10.4.6.2 Saudi Arabia Healthcare Predictive Analytics Market
10.4.6.2.1 Saudi Arabia Healthcare Predictive Analytics Market by Application
10.4.6.2.2 Saudi Arabia Healthcare Predictive Analytics Market by Delivery Model
10.4.6.2.3 Saudi Arabia Healthcare Predictive Analytics Market by End user
10.4.6.3 U.A.E Healthcare Predictive Analytics Market
10.4.6.3.1 U.A.E Healthcare Predictive Analytics Market by Application
10.4.6.3.2 U.A.E Healthcare Predictive Analytics Market by Delivery Model
10.4.6.3.3 U.A.E Healthcare Predictive Analytics Market by End user
10.4.6.4 Rest of Middle East and Africa Healthcare Predictive Analytics Market
10.4.6.4.1 Rest of Middle East and Africa Healthcare Predictive Analytics Market by Application
10.4.6.4.2 Rest of Middle East and Africa Healthcare Predictive Analytics Market by Delivery Model
10.4.6.4.3 Rest of Middle East and Africa Healthcare Predictive Analytics Market by End user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Healthcare Predictive Analytics Market Overview
10.5.2 South and Central America Healthcare Predictive Analytics Market Forecasts and Analysis
10.5.3 South and Central America Healthcare Predictive Analytics Market Forecasts and Analysis - By Application
10.5.4 South and Central America Healthcare Predictive Analytics Market Forecasts and Analysis - By Delivery Model
10.5.5 South and Central America Healthcare Predictive Analytics Market Forecasts and Analysis - By End user
10.5.6 South and Central America Healthcare Predictive Analytics Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Healthcare Predictive Analytics Market
10.5.6.1.1 Brazil Healthcare Predictive Analytics Market by Application
10.5.6.1.2 Brazil Healthcare Predictive Analytics Market by Delivery Model
10.5.6.1.3 Brazil Healthcare Predictive Analytics Market by End user
10.5.6.2 Argentina Healthcare Predictive Analytics Market
10.5.6.2.1 Argentina Healthcare Predictive Analytics Market by Application
10.5.6.2.2 Argentina Healthcare Predictive Analytics Market by Delivery Model
10.5.6.2.3 Argentina Healthcare Predictive Analytics Market by End user
10.5.6.3 Rest of South and Central America Healthcare Predictive Analytics Market
10.5.6.3.1 Rest of South and Central America Healthcare Predictive Analytics Market by Application
10.5.6.3.2 Rest of South and Central America Healthcare Predictive Analytics Market by Delivery Model
10.5.6.3.3 Rest of South and Central America Healthcare Predictive Analytics Market by End user
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. HEALTHCARE PREDICTIVE ANALYTICS MARKET, KEY COMPANY PROFILES
13.1. CERNER CORPORATION
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MCKESSON CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. VERISK ANALYTICS, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. IBM
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. ORACLE
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MEDEANALYTICS, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SAS
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. OPTUM, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ALLSCRIPTS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. HEALTH FIDELITY, INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Cerner Corporation
2. McKesson Corporation
3. Verisk Analytics, Inc.
4. IBM
5. Oracle
6. MedeAnalytics, Inc.
7. SAS
8. Optum, Inc.
9. Allscripts
10. Health Fidelity, 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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