Industry Control and Factory Automation Market Strategic Insights 2021-2031
The Industry Control and Factory Automation Market is expected to register a CAGR of 9.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human-Machine Interface, Industrial PC, Sensors, Industrial 3D printing); Application (Power, Automotive, Printing and packaging, Oil and Gas, Pharmaceuticals, Textile, Chemical, Plastics, Food processing, Original Equipment Manufacturers). 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 Industry Control and Factory Automation 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.
Industry Control and Factory Automation Market Segmentation
Component- Industrial Robots
- Machine Vision
- Control Valves
- Field Instruments
- Human-Machine Interface
- Industrial PC
- Sensors
- Industrial 3D printing
- Power
- Automotive
- Printing and packaging
- Oil and Gas
- Pharmaceuticals
- Textile
- Chemical
- Plastics
- Food processing
- Original Equipment Manufacturers
Strategic Insights
Industry Control and Factory Automation Market Growth Drivers- Increasing Demand for Operational Efficiency: The need for enhanced operational efficiency is a primary driver for the industry control and factory automation market. Manufacturers are increasingly investing in automated systems to optimize production, reduce downtime, improve product quality, and lower labor costs. Automation technologies, including robotics, IoT integration, and AI-driven analytics, allow for greater precision, consistency, and faster production cycles, driving the widespread adoption of factory automation solutions.
- Rising Labor Costs and Skill Shortages: The shortage of skilled labor and rising labor costs in many industries are accelerating the shift toward factory automation. By replacing manual tasks with automated systems, companies can reduce reliance on human workers, improve safety, and minimize operational costs. Automation also helps mitigate risks associated with worker shortages, particularly in sectors like manufacturing, automotive, and electronics.
- Integration of IoT and Smart Manufacturing: The integration of the Internet of Things (IoT) in manufacturing is a key trend reshaping the factory automation market. IoT-enabled devices allow real-time monitoring and data collection, enabling manufacturers to optimize their production lines, predict equipment failures, and enhance decision-making processes. Smart factories, powered by IoT, are becoming more common as companies embrace digital transformation to improve operational agility and reduce costs.
- Adoption of Artificial Intelligence and Machine Learning: The adoption of AI and machine learning in factory automation is on the rise. AI-powered systems can optimize production scheduling, predictive maintenance, and quality control, further enhancing the efficiency of manufacturing operations. Machine learning algorithms are being integrated into automation systems to adapt and improve production processes based on real-time data, which increases the overall flexibility and scalability of manufacturing facilities.
- Growth in Custom Automation Solutions: As industries seek greater flexibility and efficiency, there is an increasing demand for custom automation solutions tailored to specific production needs. Companies are looking for automation systems that can easily adapt to their unique workflows, materials, and production volumes. This demand for bespoke automation solutions presents an opportunity for manufacturers to offer specialized products, creating niche market opportunities within the broader factory automation sector.
- Sustainability and Green Manufacturing Initiatives: With increasing pressure to reduce environmental impact, sustainability is becoming a key driver in the factory automation market. Manufacturers are adopting automated systems that help reduce energy consumption, minimize waste, and improve resource utilization. Automation technologies such as energy-efficient robotics, waste management systems, and eco-friendly manufacturing processes are offering companies opportunities to meet environmental standards while boosting operational efficiency. As industries increasingly prioritize sustainability, the demand for green automation solutions is expected to grow, creating new opportunities in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Industry Control and Factory Automation 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 Industry Control and Factory Automation Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
Implementation of AI And machine learning is anticipated to play a significant role in the global industry control and factory automation market in the coming years
The Industry Control and Factory Automation Market is estimated to witness a CAGR of 9.9% from 2023 to 2031
Rising demand for smart manufacturing solutions and stringent worker safety regulations are the major factors driving the industry control and factory automation market
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Industry Control And Factory Automation Market - By Component
1.3.2Industry Control And Factory Automation Market - By Application
1.3.3Industry Control And Factory Automation Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.INDUSTRY CONTROL AND FACTORY AUTOMATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.INDUSTRY CONTROL AND FACTORY AUTOMATION 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.INDUSTRY CONTROL AND FACTORY AUTOMATION MARKET - GLOBAL MARKET ANALYSIS
6.1.INDUSTRY CONTROL AND FACTORY AUTOMATION - GLOBAL MARKET OVERVIEW
6.2.INDUSTRY CONTROL AND FACTORY AUTOMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.INDUSTRY CONTROL AND FACTORY AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.INDUSTRIAL ROBOTS
7.3.1.Overview
7.3.2.Industrial Robots Market Forecast and Analysis
7.4.MACHINE VISION
7.4.1.Overview
7.4.2.Machine Vision Market Forecast and Analysis
7.5.CONTROL VALVES
7.5.1.Overview
7.5.2.Control Valves Market Forecast and Analysis
7.6.FIELD INSTRUMENTS
7.6.1.Overview
7.6.2.Field Instruments Market Forecast and Analysis
7.7.HUMAN-MACHINE INTERFACE
7.7.1.Overview
7.7.2.Human-Machine Interface Market Forecast and Analysis
7.8.INDUSTRIAL PC
7.8.1.Overview
7.8.2.Industrial PC Market Forecast and Analysis
7.9.SENSORS
7.9.1.Overview
7.9.2.Sensors Market Forecast and Analysis
7.10.INDUSTRIAL 3D PRINTING
7.10.1.Overview
7.10.2.Industrial 3D printing Market Forecast and Analysis
8.INDUSTRY CONTROL AND FACTORY AUTOMATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.POWER
8.3.1.Overview
8.3.2.Power Market Forecast and Analysis
8.4.AUTOMOTIVE
8.4.1.Overview
8.4.2.Automotive Market Forecast and Analysis
8.5.PRINTING AND PACKAGING
8.5.1.Overview
8.5.2.Printing and packaging 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.PHARMACEUTICALS
8.7.1.Overview
8.7.2.Pharmaceuticals Market Forecast and Analysis
8.8.TEXTILE
8.8.1.Overview
8.8.2.Textile Market Forecast and Analysis
8.9.CHEMICAL
8.9.1.Overview
8.9.2.Chemical Market Forecast and Analysis
8.10.PLASTICS
8.10.1.Overview
8.10.2.Plastics Market Forecast and Analysis
8.11.FOOD PROCESSING
8.11.1.Overview
8.11.2.Food processing Market Forecast and Analysis
8.12.ORIGINAL EQUIPMENT MANUFACTURERS
8.12.1.Overview
8.12.2.Original Equipment Manufacturers Market Forecast and Analysis
9.INDUSTRY CONTROL AND FACTORY AUTOMATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Industry Control And Factory Automation Market Overview
9.1.2North America Industry Control And Factory Automation Market Forecasts and Analysis
9.1.3North America Industry Control And Factory Automation Market Forecasts and Analysis - By Component
9.1.4North America Industry Control And Factory Automation Market Forecasts and Analysis - By Application
9.1.5North America Industry Control And Factory Automation Market Forecasts and Analysis - By Countries
9.1.5.1United States Industry Control And Factory Automation Market
9.1.5.1.1United States Industry Control And Factory Automation Market by Component
9.1.5.1.2United States Industry Control And Factory Automation Market by Application
9.1.5.2Canada Industry Control And Factory Automation Market
9.1.5.2.1Canada Industry Control And Factory Automation Market by Component
9.1.5.2.2Canada Industry Control And Factory Automation Market by Application
9.1.5.3Mexico Industry Control And Factory Automation Market
9.1.5.3.1Mexico Industry Control And Factory Automation Market by Component
9.1.5.3.2Mexico Industry Control And Factory Automation Market by Application
9.2.EUROPE
9.2.1Europe Industry Control And Factory Automation Market Overview
9.2.2Europe Industry Control And Factory Automation Market Forecasts and Analysis
9.2.3Europe Industry Control And Factory Automation Market Forecasts and Analysis - By Component
9.2.4Europe Industry Control And Factory Automation Market Forecasts and Analysis - By Application
9.2.5Europe Industry Control And Factory Automation Market Forecasts and Analysis - By Countries
9.2.5.1Germany Industry Control And Factory Automation Market
9.2.5.1.1Germany Industry Control And Factory Automation Market by Component
9.2.5.1.2Germany Industry Control And Factory Automation Market by Application
9.2.5.2France Industry Control And Factory Automation Market
9.2.5.2.1France Industry Control And Factory Automation Market by Component
9.2.5.2.2France Industry Control And Factory Automation Market by Application
9.2.5.3Italy Industry Control And Factory Automation Market
9.2.5.3.1Italy Industry Control And Factory Automation Market by Component
9.2.5.3.2Italy Industry Control And Factory Automation Market by Application
9.2.5.4United Kingdom Industry Control And Factory Automation Market
9.2.5.4.1United Kingdom Industry Control And Factory Automation Market by Component
9.2.5.4.2United Kingdom Industry Control And Factory Automation Market by Application
9.2.5.5Russia Industry Control And Factory Automation Market
9.2.5.5.1Russia Industry Control And Factory Automation Market by Component
9.2.5.5.2Russia Industry Control And Factory Automation Market by Application
9.2.5.6Rest of Europe Industry Control And Factory Automation Market
9.2.5.6.1Rest of Europe Industry Control And Factory Automation Market by Component
9.2.5.6.2Rest of Europe Industry Control And Factory Automation Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Industry Control And Factory Automation Market Overview
9.3.2Asia-Pacific Industry Control And Factory Automation Market Forecasts and Analysis
9.3.3Asia-Pacific Industry Control And Factory Automation Market Forecasts and Analysis - By Component
9.3.4Asia-Pacific Industry Control And Factory Automation Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Industry Control And Factory Automation Market Forecasts and Analysis - By Countries
9.3.5.1Australia Industry Control And Factory Automation Market
9.3.5.1.1Australia Industry Control And Factory Automation Market by Component
9.3.5.1.2Australia Industry Control And Factory Automation Market by Application
9.3.5.2China Industry Control And Factory Automation Market
9.3.5.2.1China Industry Control And Factory Automation Market by Component
9.3.5.2.2China Industry Control And Factory Automation Market by Application
9.3.5.3India Industry Control And Factory Automation Market
9.3.5.3.1India Industry Control And Factory Automation Market by Component
9.3.5.3.2India Industry Control And Factory Automation Market by Application
9.3.5.4Japan Industry Control And Factory Automation Market
9.3.5.4.1Japan Industry Control And Factory Automation Market by Component
9.3.5.4.2Japan Industry Control And Factory Automation Market by Application
9.3.5.5South Korea Industry Control And Factory Automation Market
9.3.5.5.1South Korea Industry Control And Factory Automation Market by Component
9.3.5.5.2South Korea Industry Control And Factory Automation Market by Application
9.3.5.6Rest of Asia-Pacific Industry Control And Factory Automation Market
9.3.5.6.1Rest of Asia-Pacific Industry Control And Factory Automation Market by Component
9.3.5.6.2Rest of Asia-Pacific Industry Control And Factory Automation Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Industry Control And Factory Automation Market Overview
9.4.2Middle East and Africa Industry Control And Factory Automation Market Forecasts and Analysis
9.4.3Middle East and Africa Industry Control And Factory Automation Market Forecasts and Analysis - By Component
9.4.4Middle East and Africa Industry Control And Factory Automation Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Industry Control And Factory Automation Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Industry Control And Factory Automation Market
9.4.5.1.1South Africa Industry Control And Factory Automation Market by Component
9.4.5.1.2South Africa Industry Control And Factory Automation Market by Application
9.4.5.2Saudi Arabia Industry Control And Factory Automation Market
9.4.5.2.1Saudi Arabia Industry Control And Factory Automation Market by Component
9.4.5.2.2Saudi Arabia Industry Control And Factory Automation Market by Application
9.4.5.3U.A.E Industry Control And Factory Automation Market
9.4.5.3.1U.A.E Industry Control And Factory Automation Market by Component
9.4.5.3.2U.A.E Industry Control And Factory Automation Market by Application
9.4.5.4Rest of Middle East and Africa Industry Control And Factory Automation Market
9.4.5.4.1Rest of Middle East and Africa Industry Control And Factory Automation Market by Component
9.4.5.4.2Rest of Middle East and Africa Industry Control And Factory Automation Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Industry Control And Factory Automation Market Overview
9.5.2South and Central America Industry Control And Factory Automation Market Forecasts and Analysis
9.5.3South and Central America Industry Control And Factory Automation Market Forecasts and Analysis - By Component
9.5.4South and Central America Industry Control And Factory Automation Market Forecasts and Analysis - By Application
9.5.5South and Central America Industry Control And Factory Automation Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Industry Control And Factory Automation Market
9.5.5.1.1Brazil Industry Control And Factory Automation Market by Component
9.5.5.1.2Brazil Industry Control And Factory Automation Market by Application
9.5.5.2Argentina Industry Control And Factory Automation Market
9.5.5.2.1Argentina Industry Control And Factory Automation Market by Component
9.5.5.2.2Argentina Industry Control And Factory Automation Market by Application
9.5.5.3Rest of South and Central America Industry Control And Factory Automation Market
9.5.5.3.1Rest of South and Central America Industry Control And Factory Automation Market by Component
9.5.5.3.2Rest of South and Central America Industry Control And Factory Automation Market by Application
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.INDUSTRY CONTROL AND FACTORY AUTOMATION MARKET, KEY COMPANY PROFILES
11.1.AMETEK INC.
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.BOSCH AUTOMATION
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.GENERAL ELECTRIC CO
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.HONEYWELL INTERNATIONAL
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.MITSUBISHI COPRORATION
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.OMRON 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.ROCKWELL AUTOMATION
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.SCHNEIDER ELECTRIC
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.SIEMENS AG
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.YOKOGAWA ELECTRIC CORPORATION
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. Ametek Inc.
2. Bosch Automation
3. General Electric Co
4. Honeywell International
5. Mitsubishi Coproration
6. Omron Corporation
7. Rockwell Automation
8. Schneider Electric
9. Siemens AG
10. Yokogawa Electric Corporation
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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