Interactive Kiosk Market Dynamics 2021-2031
An interactive kiosk refers to computer set up station featuring hardware and software that enables to get information and applications for communication, commerce, entertainment, and educational purposes. This technology has been welcomed by retail, food service, hospitality, and others to improve customer satisfaction in a high traffic area. The growing need for self-service in some applications for better customer satisfaction, customer's privacy, and self-control is giving rise to the demand for the interactive kiosk.
MARKET DYNAMICS
An interactive kiosk acts as a computerized terminal in public display. Enhancing shopping experience for customers, effective operating medium and geographically expansion of business are driving the interactive kiosk market. However, high set up & maintenance cost and rising cybercrime are hampering the market growth. On the other hand, technological advancement, integration of intelligent personal assistant and knowledge navigation technology is providing an opportunity for the interactive kiosk market.
MARKET SCOPE
The "Global Interactive Kiosk Market Analysis to 2031" is a specialized and in-depth study of the Interactive Kiosk industry with a special focus on the global market trend analysis. The report aims to provide an overview of Interactive Kiosk market with detailed market segmentation by component, type, vertical and geography. The global Interactive Kiosk market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Interactive Kiosk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Interactive Kiosk market is segmented on the basis of component, type, and vertical. Based on component, the market is segmented as hardware and software & services. On the basis of the type the market is segmented into bank kiosks, self-service kiosks, and vending kiosks. Based on vertical the market is segmented as retail, healthcare, banking and financial service, government, transportation, hospitality, entertainment, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Interactive Kiosk market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Interactive Kiosk market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Interactive Kiosk market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the Interactive Kiosk market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Interactive Kiosk market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Interactive Kiosk market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Interactive Kiosk market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the Interactive Kiosk market in these regions.
MARKET PLAYERSThe reports cover key developments in the Interactive Kiosk 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 expansion of business and customer base of market players. The market payers from Interactive Kiosk market are anticipated to lucrative growth opportunities in the future with the rising demand for Interactive Kiosk in the global market. Below mentioned is the list of few companies engaged in the Interactive Kiosk market.
The report also includes the profiles of key Interactive Kiosk companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Advantech.co. ltd
- Diebold Nixdorf, Incorporated
- Embross
- IER SAS
- KAL
- KIOSK Information Systems
- Meridian Kiosks
- NCR Corporation
- REDYREF
- Slabbkiosks
- 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 Interactive Kiosk Market - By Component
1.3.2 Interactive Kiosk Market - By Type
1.3.3 Interactive Kiosk Market - By Vertical
1.3.4 Interactive Kiosk Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. INTERACTIVE KIOSK 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. INTERACTIVE KIOSK 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. INTERACTIVE KIOSK MARKET - GLOBAL MARKET ANALYSIS
6.1. INTERACTIVE KIOSK - GLOBAL MARKET OVERVIEW
6.2. INTERACTIVE KIOSK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INTERACTIVE KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE AND SERVICES
7.4.1. Overview
7.4.2. Software and Services Market Forecast and Analysis
8. INTERACTIVE KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. BANK KIOSKS
8.3.1. Overview
8.3.2. Bank Kiosks Market Forecast and Analysis
8.4. SELF-SERVICE KIOSKS
8.4.1. Overview
8.4.2. Self-Service Kiosks Market Forecast and Analysis
8.5. VENDING KIOSKS
8.5.1. Overview
8.5.2. Vending Kiosks Market Forecast and Analysis
9. INTERACTIVE KIOSK MARKET - REVENUE AND FORECASTS TO 2028 - VERTICAL
9.1. OVERVIEW
9.2. VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. RETAIL
9.3.1. Overview
9.3.2. Retail Market Forecast and Analysis
9.4. HEALTHCARE
9.4.1. Overview
9.4.2. Healthcare Market Forecast and Analysis
9.5. BANKING AND FINANCIAL SERVICES
9.5.1. Overview
9.5.2. Banking and Financial Services Market Forecast and Analysis
9.6. GOVERNMENT
9.6.1. Overview
9.6.2. Government Market Forecast and Analysis
9.7. TRANSPORTATION
9.7.1. Overview
9.7.2. Transportation Market Forecast and Analysis
9.8. HOSPITALITY
9.8.1. Overview
9.8.2. Hospitality Market Forecast and Analysis
9.9. ENTERTAINMENT
9.9.1. Overview
9.9.2. Entertainment Market Forecast and Analysis
9.10. OTHERS
9.10.1. Overview
9.10.2. Others Market Forecast and Analysis
10. INTERACTIVE KIOSK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Interactive Kiosk Market Overview
10.1.2 North America Interactive Kiosk Market Forecasts and Analysis
10.1.3 North America Interactive Kiosk Market Forecasts and Analysis - By Component
10.1.4 North America Interactive Kiosk Market Forecasts and Analysis - By Type
10.1.5 North America Interactive Kiosk Market Forecasts and Analysis - By Vertical
10.1.6 North America Interactive Kiosk Market Forecasts and Analysis - By Countries
10.1.6.1 United States Interactive Kiosk Market
10.1.6.1.1 United States Interactive Kiosk Market by Component
10.1.6.1.2 United States Interactive Kiosk Market by Type
10.1.6.1.3 United States Interactive Kiosk Market by Vertical
10.1.6.2 Canada Interactive Kiosk Market
10.1.6.2.1 Canada Interactive Kiosk Market by Component
10.1.6.2.2 Canada Interactive Kiosk Market by Type
10.1.6.2.3 Canada Interactive Kiosk Market by Vertical
10.1.6.3 Mexico Interactive Kiosk Market
10.1.6.3.1 Mexico Interactive Kiosk Market by Component
10.1.6.3.2 Mexico Interactive Kiosk Market by Type
10.1.6.3.3 Mexico Interactive Kiosk Market by Vertical
10.2. EUROPE
10.2.1 Europe Interactive Kiosk Market Overview
10.2.2 Europe Interactive Kiosk Market Forecasts and Analysis
10.2.3 Europe Interactive Kiosk Market Forecasts and Analysis - By Component
10.2.4 Europe Interactive Kiosk Market Forecasts and Analysis - By Type
10.2.5 Europe Interactive Kiosk Market Forecasts and Analysis - By Vertical
10.2.6 Europe Interactive Kiosk Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Interactive Kiosk Market
10.2.6.1.1 Germany Interactive Kiosk Market by Component
10.2.6.1.2 Germany Interactive Kiosk Market by Type
10.2.6.1.3 Germany Interactive Kiosk Market by Vertical
10.2.6.2 France Interactive Kiosk Market
10.2.6.2.1 France Interactive Kiosk Market by Component
10.2.6.2.2 France Interactive Kiosk Market by Type
10.2.6.2.3 France Interactive Kiosk Market by Vertical
10.2.6.3 Italy Interactive Kiosk Market
10.2.6.3.1 Italy Interactive Kiosk Market by Component
10.2.6.3.2 Italy Interactive Kiosk Market by Type
10.2.6.3.3 Italy Interactive Kiosk Market by Vertical
10.2.6.4 United Kingdom Interactive Kiosk Market
10.2.6.4.1 United Kingdom Interactive Kiosk Market by Component
10.2.6.4.2 United Kingdom Interactive Kiosk Market by Type
10.2.6.4.3 United Kingdom Interactive Kiosk Market by Vertical
10.2.6.5 Russia Interactive Kiosk Market
10.2.6.5.1 Russia Interactive Kiosk Market by Component
10.2.6.5.2 Russia Interactive Kiosk Market by Type
10.2.6.5.3 Russia Interactive Kiosk Market by Vertical
10.2.6.6 Rest of Europe Interactive Kiosk Market
10.2.6.6.1 Rest of Europe Interactive Kiosk Market by Component
10.2.6.6.2 Rest of Europe Interactive Kiosk Market by Type
10.2.6.6.3 Rest of Europe Interactive Kiosk Market by Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Interactive Kiosk Market Overview
10.3.2 Asia-Pacific Interactive Kiosk Market Forecasts and Analysis
10.3.3 Asia-Pacific Interactive Kiosk Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Interactive Kiosk Market Forecasts and Analysis - By Type
10.3.5 Asia-Pacific Interactive Kiosk Market Forecasts and Analysis - By Vertical
10.3.6 Asia-Pacific Interactive Kiosk Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Interactive Kiosk Market
10.3.6.1.1 Australia Interactive Kiosk Market by Component
10.3.6.1.2 Australia Interactive Kiosk Market by Type
10.3.6.1.3 Australia Interactive Kiosk Market by Vertical
10.3.6.2 China Interactive Kiosk Market
10.3.6.2.1 China Interactive Kiosk Market by Component
10.3.6.2.2 China Interactive Kiosk Market by Type
10.3.6.2.3 China Interactive Kiosk Market by Vertical
10.3.6.3 India Interactive Kiosk Market
10.3.6.3.1 India Interactive Kiosk Market by Component
10.3.6.3.2 India Interactive Kiosk Market by Type
10.3.6.3.3 India Interactive Kiosk Market by Vertical
10.3.6.4 Japan Interactive Kiosk Market
10.3.6.4.1 Japan Interactive Kiosk Market by Component
10.3.6.4.2 Japan Interactive Kiosk Market by Type
10.3.6.4.3 Japan Interactive Kiosk Market by Vertical
10.3.6.5 South Korea Interactive Kiosk Market
10.3.6.5.1 South Korea Interactive Kiosk Market by Component
10.3.6.5.2 South Korea Interactive Kiosk Market by Type
10.3.6.5.3 South Korea Interactive Kiosk Market by Vertical
10.3.6.6 Rest of Asia-Pacific Interactive Kiosk Market
10.3.6.6.1 Rest of Asia-Pacific Interactive Kiosk Market by Component
10.3.6.6.2 Rest of Asia-Pacific Interactive Kiosk Market by Type
10.3.6.6.3 Rest of Asia-Pacific Interactive Kiosk Market by Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Interactive Kiosk Market Overview
10.4.2 Middle East and Africa Interactive Kiosk Market Forecasts and Analysis
10.4.3 Middle East and Africa Interactive Kiosk Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Interactive Kiosk Market Forecasts and Analysis - By Type
10.4.5 Middle East and Africa Interactive Kiosk Market Forecasts and Analysis - By Vertical
10.4.6 Middle East and Africa Interactive Kiosk Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Interactive Kiosk Market
10.4.6.1.1 South Africa Interactive Kiosk Market by Component
10.4.6.1.2 South Africa Interactive Kiosk Market by Type
10.4.6.1.3 South Africa Interactive Kiosk Market by Vertical
10.4.6.2 Saudi Arabia Interactive Kiosk Market
10.4.6.2.1 Saudi Arabia Interactive Kiosk Market by Component
10.4.6.2.2 Saudi Arabia Interactive Kiosk Market by Type
10.4.6.2.3 Saudi Arabia Interactive Kiosk Market by Vertical
10.4.6.3 U.A.E Interactive Kiosk Market
10.4.6.3.1 U.A.E Interactive Kiosk Market by Component
10.4.6.3.2 U.A.E Interactive Kiosk Market by Type
10.4.6.3.3 U.A.E Interactive Kiosk Market by Vertical
10.4.6.4 Rest of Middle East and Africa Interactive Kiosk Market
10.4.6.4.1 Rest of Middle East and Africa Interactive Kiosk Market by Component
10.4.6.4.2 Rest of Middle East and Africa Interactive Kiosk Market by Type
10.4.6.4.3 Rest of Middle East and Africa Interactive Kiosk Market by Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Interactive Kiosk Market Overview
10.5.2 South and Central America Interactive Kiosk Market Forecasts and Analysis
10.5.3 South and Central America Interactive Kiosk Market Forecasts and Analysis - By Component
10.5.4 South and Central America Interactive Kiosk Market Forecasts and Analysis - By Type
10.5.5 South and Central America Interactive Kiosk Market Forecasts and Analysis - By Vertical
10.5.6 South and Central America Interactive Kiosk Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Interactive Kiosk Market
10.5.6.1.1 Brazil Interactive Kiosk Market by Component
10.5.6.1.2 Brazil Interactive Kiosk Market by Type
10.5.6.1.3 Brazil Interactive Kiosk Market by Vertical
10.5.6.2 Argentina Interactive Kiosk Market
10.5.6.2.1 Argentina Interactive Kiosk Market by Component
10.5.6.2.2 Argentina Interactive Kiosk Market by Type
10.5.6.2.3 Argentina Interactive Kiosk Market by Vertical
10.5.6.3 Rest of South and Central America Interactive Kiosk Market
10.5.6.3.1 Rest of South and Central America Interactive Kiosk Market by Component
10.5.6.3.2 Rest of South and Central America Interactive Kiosk Market by Type
10.5.6.3.3 Rest of South and Central America Interactive Kiosk Market by Vertical
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. INTERACTIVE KIOSK MARKET, KEY COMPANY PROFILES
12.1. ADVANTECH .CO. LTD
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. DIEBOLD NIXDORF INCORPORATED
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. EMBROSS
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. IER SAS
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. KAL
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. KIOSK INFORMATION SYSTEMS
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. MERIDIAN KIOSKS
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. NCR CORPORATION
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. REDYREF
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. SLABBKIOSKS
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. Advantech. co. ltd
2. Diebold Nixdorf Incorporated
3. Embross
4. IER SAS
5. KAL
6. KIOSK Information Systems
7. Meridian Kiosks
8. NCR Corporation
9. REDYREF
10. Slabbkiosks
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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