Industrial Internet of Things Edge Market Key Findings by 2031
As IIoT projects extend beyond cloud-centric approaches, the next step in the evolution of artificial intelligence (AI) and the IIoT will address the need to convert algorithms to work at the edge in a dramatically smaller footprint. Edge technology can analyze all raw data and deliver the highest-fidelity analytics, and increase the likelihood of detecting anomalies, enabling immediate reaction. A test of success will be the amount of power or computing capability that can be achieved in the smallest footprint possible
MARKET DYNAMICS
The advent of IoT in the industrial arena coupled with growing popularity of edge computing is anticipated to propel the Industrial internet of things edge market. Further, higher costs of implementations of the infrastructures hinder the smooth transitions of industrial internet of things edge market. Significant deployments of IoT in various industries is anticipated to opportunities to the players operating in the industrial internet of things edge market.
MARKET SCOPE
The "Global Industrial Internet Of Things Edge Market Analysis to 2031" is a specialized and in-depth study of the Technology, Media, and Telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the industrial internet of things edge market with detailed market segmentation by technology, end-user, and geography. The global industrial internet of things edge market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading industrial internet of things edge market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global industrial internet of things edge market is segmented on the basis of component, and end-user. Based on technology, the industrial internet of things edge market is segmented into software platform, gateways & routers, endpoint devices, network edge infrastructure, industrial routers, and Ethernet switches. On the basis of end-user, the industrial internet of things edge market is segmented into manufacturing, automotive, energy and utilities, oil and gas, metals and mining, healthcare, retail, transportation, and agriculture.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global industrial internet of things edge 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), Middle East and Africa (MEA) and South America. The industrial internet of things edge 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 industrial internet of things edge market from both demand and supply side and further evaluates market dynamics affecting the market during 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 industrial internet of things edge in these regions.
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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 industrial internet of things edge 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), Middle East and Africa (MEA) and South America. The industrial internet of things edge 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 industrial internet of things edge market from both demand and supply side and further evaluates market dynamics affecting the market during 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 industrial internet of things edge in these regions.
MARKET PLAYERSThe reports cover key developments in the industrial internet of things edge 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 industrial internet of things edge market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial internet of things edge in the global market. Below mentioned is the list of few companies engaged in the industrial internet of things edge market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the industrial internet of things edge 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.
- Accenture PLC
- Cisco Systems Inc.
- Festo
- General Electric Company
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- NVIDIA Corporation
- PTC Inc.
- Siemens AG
- 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 Industrial Internet Of Things (IIoT) Edge Market - By Component
1.3.2 Industrial Internet Of Things (IIoT) Edge Market - By End-User
1.3.3 Industrial Internet Of Things (IIoT) Edge Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE 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. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE 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. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE MARKET - GLOBAL MARKET ANALYSIS
6.1. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE - GLOBAL MARKET OVERVIEW
6.2. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE PLATFORM
7.3.1. Overview
7.3.2. Software Platform Market Forecast and Analysis
7.4. GATEWAYS AND ROUTERS
7.4.1. Overview
7.4.2. Gateways and Routers Market Forecast and Analysis
7.5. ENDPOINT DEVICES
7.5.1. Overview
7.5.2. Endpoint Devices Market Forecast and Analysis
7.6. NETWORK EDGE INFRASTRUCTURE
7.6.1. Overview
7.6.2. Network Edge Infrastructure Market Forecast and Analysis
7.7. INDUSTRIAL ROUTERS
7.7.1. Overview
7.7.2. Industrial Routers Market Forecast and Analysis
7.8. ETHERNET SWITCHES
7.8.1. Overview
7.8.2. Ethernet Switches Market Forecast and Analysis
8. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. MANUFACTURING
8.3.1. Overview
8.3.2. Manufacturing Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. ENERGY AND UTILITIES
8.5.1. Overview
8.5.2. Energy and Utilities Market Forecast and Analysis
8.6. OIL AND GAS
8.6.1. Overview
8.6.2. Oil and Gas Market Forecast and Analysis
8.7. METALS AND MINING
8.7.1. Overview
8.7.2. Metals and Mining Market Forecast and Analysis
8.8. HEALTHCARE
8.8.1. Overview
8.8.2. Healthcare Market Forecast and Analysis
8.9. RETAIL
8.9.1. Overview
8.9.2. Retail Market Forecast and Analysis
8.10. TRANSPORTATION
8.10.1. Overview
8.10.2. Transportation Market Forecast and Analysis
8.11. AGRICULTURE
8.11.1. Overview
8.11.2. Agriculture Market Forecast and Analysis
9. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Industrial Internet Of Things (IIoT) Edge Market Overview
9.1.2 North America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis
9.1.3 North America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Component
9.1.4 North America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By End-User
9.1.5 North America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Countries
9.1.5.1 United States Industrial Internet Of Things (IIoT) Edge Market
9.1.5.1.1 United States Industrial Internet Of Things (IIoT) Edge Market by Component
9.1.5.1.2 United States Industrial Internet Of Things (IIoT) Edge Market by End-User
9.1.5.2 Canada Industrial Internet Of Things (IIoT) Edge Market
9.1.5.2.1 Canada Industrial Internet Of Things (IIoT) Edge Market by Component
9.1.5.2.2 Canada Industrial Internet Of Things (IIoT) Edge Market by End-User
9.1.5.3 Mexico Industrial Internet Of Things (IIoT) Edge Market
9.1.5.3.1 Mexico Industrial Internet Of Things (IIoT) Edge Market by Component
9.1.5.3.2 Mexico Industrial Internet Of Things (IIoT) Edge Market by End-User
9.2. EUROPE
9.2.1 Europe Industrial Internet Of Things (IIoT) Edge Market Overview
9.2.2 Europe Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis
9.2.3 Europe Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Component
9.2.4 Europe Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By End-User
9.2.5 Europe Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Industrial Internet Of Things (IIoT) Edge Market
9.2.5.1.1 Germany Industrial Internet Of Things (IIoT) Edge Market by Component
9.2.5.1.2 Germany Industrial Internet Of Things (IIoT) Edge Market by End-User
9.2.5.2 France Industrial Internet Of Things (IIoT) Edge Market
9.2.5.2.1 France Industrial Internet Of Things (IIoT) Edge Market by Component
9.2.5.2.2 France Industrial Internet Of Things (IIoT) Edge Market by End-User
9.2.5.3 Italy Industrial Internet Of Things (IIoT) Edge Market
9.2.5.3.1 Italy Industrial Internet Of Things (IIoT) Edge Market by Component
9.2.5.3.2 Italy Industrial Internet Of Things (IIoT) Edge Market by End-User
9.2.5.4 United Kingdom Industrial Internet Of Things (IIoT) Edge Market
9.2.5.4.1 United Kingdom Industrial Internet Of Things (IIoT) Edge Market by Component
9.2.5.4.2 United Kingdom Industrial Internet Of Things (IIoT) Edge Market by End-User
9.2.5.5 Russia Industrial Internet Of Things (IIoT) Edge Market
9.2.5.5.1 Russia Industrial Internet Of Things (IIoT) Edge Market by Component
9.2.5.5.2 Russia Industrial Internet Of Things (IIoT) Edge Market by End-User
9.2.5.6 Rest of Europe Industrial Internet Of Things (IIoT) Edge Market
9.2.5.6.1 Rest of Europe Industrial Internet Of Things (IIoT) Edge Market by Component
9.2.5.6.2 Rest of Europe Industrial Internet Of Things (IIoT) Edge Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market Overview
9.3.2 Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis
9.3.3 Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Industrial Internet Of Things (IIoT) Edge Market
9.3.5.1.1 Australia Industrial Internet Of Things (IIoT) Edge Market by Component
9.3.5.1.2 Australia Industrial Internet Of Things (IIoT) Edge Market by End-User
9.3.5.2 China Industrial Internet Of Things (IIoT) Edge Market
9.3.5.2.1 China Industrial Internet Of Things (IIoT) Edge Market by Component
9.3.5.2.2 China Industrial Internet Of Things (IIoT) Edge Market by End-User
9.3.5.3 India Industrial Internet Of Things (IIoT) Edge Market
9.3.5.3.1 India Industrial Internet Of Things (IIoT) Edge Market by Component
9.3.5.3.2 India Industrial Internet Of Things (IIoT) Edge Market by End-User
9.3.5.4 Japan Industrial Internet Of Things (IIoT) Edge Market
9.3.5.4.1 Japan Industrial Internet Of Things (IIoT) Edge Market by Component
9.3.5.4.2 Japan Industrial Internet Of Things (IIoT) Edge Market by End-User
9.3.5.5 South Korea Industrial Internet Of Things (IIoT) Edge Market
9.3.5.5.1 South Korea Industrial Internet Of Things (IIoT) Edge Market by Component
9.3.5.5.2 South Korea Industrial Internet Of Things (IIoT) Edge Market by End-User
9.3.5.6 Rest of Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market
9.3.5.6.1 Rest of Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market by Component
9.3.5.6.2 Rest of Asia-Pacific Industrial Internet Of Things (IIoT) Edge Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market Overview
9.4.2 Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis
9.4.3 Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Industrial Internet Of Things (IIoT) Edge Market
9.4.5.1.1 South Africa Industrial Internet Of Things (IIoT) Edge Market by Component
9.4.5.1.2 South Africa Industrial Internet Of Things (IIoT) Edge Market by End-User
9.4.5.2 Saudi Arabia Industrial Internet Of Things (IIoT) Edge Market
9.4.5.2.1 Saudi Arabia Industrial Internet Of Things (IIoT) Edge Market by Component
9.4.5.2.2 Saudi Arabia Industrial Internet Of Things (IIoT) Edge Market by End-User
9.4.5.3 U.A.E Industrial Internet Of Things (IIoT) Edge Market
9.4.5.3.1 U.A.E Industrial Internet Of Things (IIoT) Edge Market by Component
9.4.5.3.2 U.A.E Industrial Internet Of Things (IIoT) Edge Market by End-User
9.4.5.4 Rest of Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market
9.4.5.4.1 Rest of Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market by Component
9.4.5.4.2 Rest of Middle East and Africa Industrial Internet Of Things (IIoT) Edge Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Industrial Internet Of Things (IIoT) Edge Market Overview
9.5.2 South and Central America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis
9.5.3 South and Central America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Component
9.5.4 South and Central America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Industrial Internet Of Things (IIoT) Edge Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Industrial Internet Of Things (IIoT) Edge Market
9.5.5.1.1 Brazil Industrial Internet Of Things (IIoT) Edge Market by Component
9.5.5.1.2 Brazil Industrial Internet Of Things (IIoT) Edge Market by End-User
9.5.5.2 Argentina Industrial Internet Of Things (IIoT) Edge Market
9.5.5.2.1 Argentina Industrial Internet Of Things (IIoT) Edge Market by Component
9.5.5.2.2 Argentina Industrial Internet Of Things (IIoT) Edge Market by End-User
9.5.5.3 Rest of South and Central America Industrial Internet Of Things (IIoT) Edge Market
9.5.5.3.1 Rest of South and Central America Industrial Internet Of Things (IIoT) Edge Market by Component
9.5.5.3.2 Rest of South and Central America Industrial Internet Of Things (IIoT) Edge Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INDUSTRIAL INTERNET OF THINGS (IIOT) EDGE MARKET, KEY COMPANY PROFILES
11.1. ACCENTURE PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CISCO SYSTEMS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FESTO
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL ELECTRIC COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. IBM CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INTEL CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MICROSOFT CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NVIDIA CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PTC INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIEMENS AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Accenture PLC
2. Cisco Systems Inc.
3. Festo
4. General Electric Company
5. IBM Corporation
6. Intel Corporation
7. Microsoft Corporation
8. NVIDIA Corporation
9. PTC Inc.
10. Siemens AG
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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