IoT Engineering Services Market Opportunities 2031
IoT engineering solutions have effectively connected technology, processes, and people in enterprises and enhanced the firms' operational efficiency. Escalating the need for system integration, security, and need to access a tool from a distant location in case of emergencies increases the IoT's growth, thereby driving the IoT engineering services market growth in the foreseeable future. Moreover, the increasing adoption of microservices and the accelerating Social, Mobile, Analytics, and Cloud (SMAC) technologies are also fueling the demand for the IoT engineering services market.
MARKET DYNAMICS
The increasing need for developing industrial IoT solutions for smart manufacturing and effective deployment of asset tracking systems and digital performance management tools push the IoT engineering services market's growth. The growing use of connected devices in the healthcare sector and increasing demand for connected vehicles positively impact the IoT engineering services market. Further, the rising need for enhanced operational efficiency, reduced system troubleshooting, and the increasing requirement of risk mitigation to minimize data loss is expected to provide ample growth opportunities for the IoT engineering services market over the years ahead.
MARKET SCOPE
The "Global IoT Engineering Services Market Analysis to 2031" is a specialized and in-depth study of the IoT engineering services industry with a special focus on the global market trend analysis. The report aims to provide an overview IoT engineering services market with detailed market segmentation as of service type, enterprise size, vertical, and geography. The global IoT engineering services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT engineering services market players and offers key trends and opportunities in the IoT engineering services market.
MARKET SEGMENTATION
The global IoT engineering services market is segmented on the basis of service type, enterprise size, vertical. On the basis of service type the market is segmented product engineering, cloud engineering, experience engineering, analytics services, maintenance services, security engineering, others. On the basis of enterprise size the market is segmented as SMEs, large enterprises. On the basis of vertical the market is segmented as automotive, aerospace and defense, healthcare, transportation and logistics, it and telecom, manufacturing, energy and utilities, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT engineering services 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 America. The IoT engineering services 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 IoT engineering services 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 America after evaluating political, economic, social and technological factors effecting the IoT engineering services 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 IoT engineering services 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 America. The IoT engineering services 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 IoT engineering services 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 America after evaluating political, economic, social and technological factors effecting the IoT engineering services market in these regions.
MARKET PLAYERS
The reports cover key developments in the IoT engineering services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from IoT engineering services market are anticipated to lucrative growth opportunities in the future with the rising demand for IoT engineering services in the global market. Below mentioned is the list of few companies engaged in the IoT engineering services market.
The report also includes the profiles of key IoT engineering services 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.
- Atos SE
- Capgemini SE
- Cisco Systems, Inc.
- Cognizant
- Einfochips
- Happiest Minds
- HARMAN International
- IBM Corporation
- RapidValue Solutions
- Tata Consultancy Services Limited
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
1.3.1IoT Engineering Services Market - By Service Type
1.3.2IoT Engineering Services Market - By Enterprise Size
1.3.3IoT Engineering Services Market - By Vertical
1.3.4IoT Engineering Services Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.IOT ENGINEERING SERVICES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.IOT ENGINEERING SERVICES MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.IOT ENGINEERING SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1.IOT ENGINEERING SERVICES - GLOBAL MARKET OVERVIEW
6.2.IOT ENGINEERING SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.IOT ENGINEERING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1.OVERVIEW
7.2.SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3.PRODUCT ENGINEERING
7.3.1.Overview
7.3.2.Product Engineering Market Forecast and Analysis
7.4.CLOUD ENGINEERING
7.4.1.Overview
7.4.2.Cloud Engineering Market Forecast and Analysis
7.5.EXPERIENCE ENGINEERING
7.5.1.Overview
7.5.2.Experience Engineering Market Forecast and Analysis
7.6.ANALYTICS SERVICES
7.6.1.Overview
7.6.2.Analytics Services Market Forecast and Analysis
7.7.MAINTENANCE SERVICES
7.7.1.Overview
7.7.2.Maintenance Services Market Forecast and Analysis
7.8.SECURITY ENGINEERING
7.8.1.Overview
7.8.2.Security Engineering Market Forecast and Analysis
7.9.OTHERS
7.9.1.Overview
7.9.2.Others Market Forecast and Analysis
8.IOT ENGINEERING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1.OVERVIEW
8.2.ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3.SMES
8.3.1.Overview
8.3.2.SMEs Market Forecast and Analysis
8.4.LARGE ENTERPRISES
8.4.1.Overview
8.4.2.Large Enterprises Market Forecast and Analysis
9.IOT ENGINEERING SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - VERTICAL
9.1.OVERVIEW
9.2.VERTICAL MARKET FORECASTS AND ANALYSIS
9.3.AUTOMOTIVE
9.3.1.Overview
9.3.2.Automotive Market Forecast and Analysis
9.4.AEROSPACE AND DEFENSE
9.4.1.Overview
9.4.2.Aerospace and Defense Market Forecast and Analysis
9.5.HEALTHCARE
9.5.1.Overview
9.5.2.Healthcare Market Forecast and Analysis
9.6.TRANSPORTATION AND LOGISTICS
9.6.1.Overview
9.6.2.Transportation and Logistics Market Forecast and Analysis
9.7.IT AND TELECOM
9.7.1.Overview
9.7.2.IT and Telecom Market Forecast and Analysis
9.8.MANUFACTURING
9.8.1.Overview
9.8.2.Manufacturing Market Forecast and Analysis
9.9.ENERGY AND UTILITIES
9.9.1.Overview
9.9.2.Energy and Utilities Market Forecast and Analysis
9.10.OTHERS
9.10.1.Overview
9.10.2.Others Market Forecast and Analysis
10.IOT ENGINEERING SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America IoT Engineering Services Market Overview
10.1.2North America IoT Engineering Services Market Forecasts and Analysis
10.1.3North America IoT Engineering Services Market Forecasts and Analysis - By Service Type
10.1.4North America IoT Engineering Services Market Forecasts and Analysis - By Enterprise Size
10.1.5North America IoT Engineering Services Market Forecasts and Analysis - By Vertical
10.1.6North America IoT Engineering Services Market Forecasts and Analysis - By Countries
10.1.6.1United States IoT Engineering Services Market
10.1.6.1.1United States IoT Engineering Services Market by Service Type
10.1.6.1.2United States IoT Engineering Services Market by Enterprise Size
10.1.6.1.3United States IoT Engineering Services Market by Vertical
10.1.6.2Canada IoT Engineering Services Market
10.1.6.2.1Canada IoT Engineering Services Market by Service Type
10.1.6.2.2Canada IoT Engineering Services Market by Enterprise Size
10.1.6.2.3Canada IoT Engineering Services Market by Vertical
10.1.6.3Mexico IoT Engineering Services Market
10.1.6.3.1Mexico IoT Engineering Services Market by Service Type
10.1.6.3.2Mexico IoT Engineering Services Market by Enterprise Size
10.1.6.3.3Mexico IoT Engineering Services Market by Vertical
10.2.EUROPE
10.2.1Europe IoT Engineering Services Market Overview
10.2.2Europe IoT Engineering Services Market Forecasts and Analysis
10.2.3Europe IoT Engineering Services Market Forecasts and Analysis - By Service Type
10.2.4Europe IoT Engineering Services Market Forecasts and Analysis - By Enterprise Size
10.2.5Europe IoT Engineering Services Market Forecasts and Analysis - By Vertical
10.2.6Europe IoT Engineering Services Market Forecasts and Analysis - By Countries
10.2.6.1Germany IoT Engineering Services Market
10.2.6.1.1Germany IoT Engineering Services Market by Service Type
10.2.6.1.2Germany IoT Engineering Services Market by Enterprise Size
10.2.6.1.3Germany IoT Engineering Services Market by Vertical
10.2.6.2France IoT Engineering Services Market
10.2.6.2.1France IoT Engineering Services Market by Service Type
10.2.6.2.2France IoT Engineering Services Market by Enterprise Size
10.2.6.2.3France IoT Engineering Services Market by Vertical
10.2.6.3Italy IoT Engineering Services Market
10.2.6.3.1Italy IoT Engineering Services Market by Service Type
10.2.6.3.2Italy IoT Engineering Services Market by Enterprise Size
10.2.6.3.3Italy IoT Engineering Services Market by Vertical
10.2.6.4United Kingdom IoT Engineering Services Market
10.2.6.4.1United Kingdom IoT Engineering Services Market by Service Type
10.2.6.4.2United Kingdom IoT Engineering Services Market by Enterprise Size
10.2.6.4.3United Kingdom IoT Engineering Services Market by Vertical
10.2.6.5Russia IoT Engineering Services Market
10.2.6.5.1Russia IoT Engineering Services Market by Service Type
10.2.6.5.2Russia IoT Engineering Services Market by Enterprise Size
10.2.6.5.3Russia IoT Engineering Services Market by Vertical
10.2.6.6Rest of Europe IoT Engineering Services Market
10.2.6.6.1Rest of Europe IoT Engineering Services Market by Service Type
10.2.6.6.2Rest of Europe IoT Engineering Services Market by Enterprise Size
10.2.6.6.3Rest of Europe IoT Engineering Services Market by Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific IoT Engineering Services Market Overview
10.3.2Asia-Pacific IoT Engineering Services Market Forecasts and Analysis
10.3.3Asia-Pacific IoT Engineering Services Market Forecasts and Analysis - By Service Type
10.3.4Asia-Pacific IoT Engineering Services Market Forecasts and Analysis - By Enterprise Size
10.3.5Asia-Pacific IoT Engineering Services Market Forecasts and Analysis - By Vertical
10.3.6Asia-Pacific IoT Engineering Services Market Forecasts and Analysis - By Countries
10.3.6.1Australia IoT Engineering Services Market
10.3.6.1.1Australia IoT Engineering Services Market by Service Type
10.3.6.1.2Australia IoT Engineering Services Market by Enterprise Size
10.3.6.1.3Australia IoT Engineering Services Market by Vertical
10.3.6.2China IoT Engineering Services Market
10.3.6.2.1China IoT Engineering Services Market by Service Type
10.3.6.2.2China IoT Engineering Services Market by Enterprise Size
10.3.6.2.3China IoT Engineering Services Market by Vertical
10.3.6.3India IoT Engineering Services Market
10.3.6.3.1India IoT Engineering Services Market by Service Type
10.3.6.3.2India IoT Engineering Services Market by Enterprise Size
10.3.6.3.3India IoT Engineering Services Market by Vertical
10.3.6.4Japan IoT Engineering Services Market
10.3.6.4.1Japan IoT Engineering Services Market by Service Type
10.3.6.4.2Japan IoT Engineering Services Market by Enterprise Size
10.3.6.4.3Japan IoT Engineering Services Market by Vertical
10.3.6.5South Korea IoT Engineering Services Market
10.3.6.5.1South Korea IoT Engineering Services Market by Service Type
10.3.6.5.2South Korea IoT Engineering Services Market by Enterprise Size
10.3.6.5.3South Korea IoT Engineering Services Market by Vertical
10.3.6.6Rest of Asia-Pacific IoT Engineering Services Market
10.3.6.6.1Rest of Asia-Pacific IoT Engineering Services Market by Service Type
10.3.6.6.2Rest of Asia-Pacific IoT Engineering Services Market by Enterprise Size
10.3.6.6.3Rest of Asia-Pacific IoT Engineering Services Market by Vertical
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa IoT Engineering Services Market Overview
10.4.2Middle East and Africa IoT Engineering Services Market Forecasts and Analysis
10.4.3Middle East and Africa IoT Engineering Services Market Forecasts and Analysis - By Service Type
10.4.4Middle East and Africa IoT Engineering Services Market Forecasts and Analysis - By Enterprise Size
10.4.5Middle East and Africa IoT Engineering Services Market Forecasts and Analysis - By Vertical
10.4.6Middle East and Africa IoT Engineering Services Market Forecasts and Analysis - By Countries
10.4.6.1South Africa IoT Engineering Services Market
10.4.6.1.1South Africa IoT Engineering Services Market by Service Type
10.4.6.1.2South Africa IoT Engineering Services Market by Enterprise Size
10.4.6.1.3South Africa IoT Engineering Services Market by Vertical
10.4.6.2Saudi Arabia IoT Engineering Services Market
10.4.6.2.1Saudi Arabia IoT Engineering Services Market by Service Type
10.4.6.2.2Saudi Arabia IoT Engineering Services Market by Enterprise Size
10.4.6.2.3Saudi Arabia IoT Engineering Services Market by Vertical
10.4.6.3U.A.E IoT Engineering Services Market
10.4.6.3.1U.A.E IoT Engineering Services Market by Service Type
10.4.6.3.2U.A.E IoT Engineering Services Market by Enterprise Size
10.4.6.3.3U.A.E IoT Engineering Services Market by Vertical
10.4.6.4Rest of Middle East and Africa IoT Engineering Services Market
10.4.6.4.1Rest of Middle East and Africa IoT Engineering Services Market by Service Type
10.4.6.4.2Rest of Middle East and Africa IoT Engineering Services Market by Enterprise Size
10.4.6.4.3Rest of Middle East and Africa IoT Engineering Services Market by Vertical
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America IoT Engineering Services Market Overview
10.5.2South and Central America IoT Engineering Services Market Forecasts and Analysis
10.5.3South and Central America IoT Engineering Services Market Forecasts and Analysis - By Service Type
10.5.4South and Central America IoT Engineering Services Market Forecasts and Analysis - By Enterprise Size
10.5.5South and Central America IoT Engineering Services Market Forecasts and Analysis - By Vertical
10.5.6South and Central America IoT Engineering Services Market Forecasts and Analysis - By Countries
10.5.6.1Brazil IoT Engineering Services Market
10.5.6.1.1Brazil IoT Engineering Services Market by Service Type
10.5.6.1.2Brazil IoT Engineering Services Market by Enterprise Size
10.5.6.1.3Brazil IoT Engineering Services Market by Vertical
10.5.6.2Argentina IoT Engineering Services Market
10.5.6.2.1Argentina IoT Engineering Services Market by Service Type
10.5.6.2.2Argentina IoT Engineering Services Market by Enterprise Size
10.5.6.2.3Argentina IoT Engineering Services Market by Vertical
10.5.6.3Rest of South and Central America IoT Engineering Services Market
10.5.6.3.1Rest of South and Central America IoT Engineering Services Market by Service Type
10.5.6.3.2Rest of South and Central America IoT Engineering Services Market by Enterprise Size
10.5.6.3.3Rest of South and Central America IoT Engineering Services 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.IOT ENGINEERING SERVICES MARKET, KEY COMPANY PROFILES
12.1.ATOS SE
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.CAPGEMINI SE
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.CISCO SYSTEMS, INC.
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.COGNIZANT
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.EINFOCHIPS
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.HAPPIEST MINDS
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.HARMAN INTERNATIONAL
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.IBM 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.RAPIDVALUE SOLUTIONS
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.TATA CONSULTANCY SERVICES LIMITED
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. Atos SE
2. Capgemini SE
3. Cisco Systems, Inc.
4. Cognizant
5. Einfochips
6. Happiest Minds
7. HARMAN International
8. IBM Corporation
9. RapidValue Solutions
10. Tata Consultancy Services Limited
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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