Lighting-as-a-service Market Strategies and Share 2031
Lighting as a service (LaaS) is an all-inclusive subscription based pricing model geared at making LED lighting a potential option for any facility manager, business owner, or service manager. LaaS as the third-party management of a lighting system, includes additional maintenance, technical, financial, or operational services. This business model has become more common in commercial and citywide installations of LED lights, specifically in retrofitting buildings and outdoor facilities, with the aim of reducing installation costs.
MARKET DYNAMICS
The Lighting as a service market is anticipated to grow owing to driving factors such as improved financial benefits and government policies & regulations for adoption of energy-efficient lighting systems. Moreover, the factors such as convergence of IoT with lighting systems and development of smart cities are expected to propel the market growth in the coming years. However, lack of awareness about the value of a service oriented model of lighting is expected to hinder Lighting as a service market growth.
MARKET SCOPE
The "Global Lighting-as-a-service Market Analysis to 2031" is a specialized and in-depth study of the Lighting-as-a-service industry with a special focus on the global market trend analysis. The report aims to provide an overview of Lighting-as-a-service market with detailed market segmentation by component, installation, end-user, and geography. The global Lighting-as-a-service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Lighting-as-a-service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Lighting-as-a-service market is segmented on the basis of component, installation, and end-user. Based on component, the market is segmented as luminaries & control equipment, software's & communication systems, and maintenance & other services. Further, based on installation, the market is divided into indoor and outdoor. Furthermore, on basis of end-user, market is segmented as office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, and transport.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Lighting-as-a-service 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 Lighting-as-a-service 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 Lighting-as-a-service 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 Lighting-as-a-service 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 Lighting-as-a-service 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 Lighting-as-a-service 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 Lighting-as-a-service 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 Lighting-as-a-service market in these regions.
MARKET PLAYERSThe reports cover key developments in the Lighting-as-a-service 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 Lighting-as-a-service market are anticipated to lucrative growth opportunities in the future with the rising demand for Lighting-as-a-service in the global market. Below mentioned is the list of few companies engaged in the Lighting-as-a-service market.
The report also includes the profiles of key Lighting-as-a-service 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.
- Cree Inc.
- Eaton Corporation plc
- Future Energy Solutions
- Igor Inc.
- Itelecom USA
- Koninklijke Philips N.V.
- Lunera Lighting
- RCG Lighthouse
- SIB Lighting
- Zumtobel Group 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 Lighting-as-a-service Market - By Components
1.3.2 Lighting-as-a-service Market - By Installation
1.3.3 Lighting-as-a-service Market - By End-User
1.3.4 Lighting-as-a-service Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. LIGHTING-AS-A-SERVICE 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. LIGHTING-AS-A-SERVICE 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. LIGHTING-AS-A-SERVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. LIGHTING-AS-A-SERVICE - GLOBAL MARKET OVERVIEW
6.2. LIGHTING-AS-A-SERVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LIGHTING-AS-A-SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENTS
7.1. OVERVIEW
7.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
7.3. LUMINARIES AND CONTROL EQUIPMENT
7.3.1. Overview
7.3.2. Luminaries and control equipment Market Forecast and Analysis
7.4. SOFTWARE'S AND COMMUNICATION SYSTEMS
7.4.1. Overview
7.4.2. Software's and communication systems Market Forecast and Analysis
7.5. MAINTENANCE AND OTHER SERVICES
7.5.1. Overview
7.5.2. Maintenance and Other services Market Forecast and Analysis
8. LIGHTING-AS-A-SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION
8.1. OVERVIEW
8.2. INSTALLATION MARKET FORECASTS AND ANALYSIS
8.3. INDOOR
8.3.1. Overview
8.3.2. Indoor Market Forecast and Analysis
8.4. OUTDOOR
8.4.1. Overview
8.4.2. Outdoor Market Forecast and Analysis
9. LIGHTING-AS-A-SERVICE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. OFFICE
9.3.1. Overview
9.3.2. Office Market Forecast and Analysis
9.4. RETAIL
9.4.1. Overview
9.4.2. Retail Market Forecast and Analysis
9.5. EDUCATION
9.5.1. Overview
9.5.2. Education Market Forecast and Analysis
9.6. HEALTHCARE
9.6.1. Overview
9.6.2. Healthcare Market Forecast and Analysis
9.7. HOTELS AND RESTAURANTS
9.7.1. Overview
9.7.2. Hotels and Restaurants Market Forecast and Analysis
9.8. INSTITUTIONAL/ASSEMBLY
9.8.1. Overview
9.8.2. Institutional/Assembly Market Forecast and Analysis
9.9. WAREHOUSE
9.9.1. Overview
9.9.2. Warehouse Market Forecast and Analysis
9.10. TRANSPORT
9.10.1. Overview
9.10.2. Transport Market Forecast and Analysis
10. LIGHTING-AS-A-SERVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Lighting-as-a-service Market Overview
10.1.2 North America Lighting-as-a-service Market Forecasts and Analysis
10.1.3 North America Lighting-as-a-service Market Forecasts and Analysis - By Components
10.1.4 North America Lighting-as-a-service Market Forecasts and Analysis - By Installation
10.1.5 North America Lighting-as-a-service Market Forecasts and Analysis - By End-User
10.1.6 North America Lighting-as-a-service Market Forecasts and Analysis - By Countries
10.1.6.1 United States Lighting-as-a-service Market
10.1.6.1.1 United States Lighting-as-a-service Market by Components
10.1.6.1.2 United States Lighting-as-a-service Market by Installation
10.1.6.1.3 United States Lighting-as-a-service Market by End-User
10.1.6.2 Canada Lighting-as-a-service Market
10.1.6.2.1 Canada Lighting-as-a-service Market by Components
10.1.6.2.2 Canada Lighting-as-a-service Market by Installation
10.1.6.2.3 Canada Lighting-as-a-service Market by End-User
10.1.6.3 Mexico Lighting-as-a-service Market
10.1.6.3.1 Mexico Lighting-as-a-service Market by Components
10.1.6.3.2 Mexico Lighting-as-a-service Market by Installation
10.1.6.3.3 Mexico Lighting-as-a-service Market by End-User
10.2. EUROPE
10.2.1 Europe Lighting-as-a-service Market Overview
10.2.2 Europe Lighting-as-a-service Market Forecasts and Analysis
10.2.3 Europe Lighting-as-a-service Market Forecasts and Analysis - By Components
10.2.4 Europe Lighting-as-a-service Market Forecasts and Analysis - By Installation
10.2.5 Europe Lighting-as-a-service Market Forecasts and Analysis - By End-User
10.2.6 Europe Lighting-as-a-service Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Lighting-as-a-service Market
10.2.6.1.1 Germany Lighting-as-a-service Market by Components
10.2.6.1.2 Germany Lighting-as-a-service Market by Installation
10.2.6.1.3 Germany Lighting-as-a-service Market by End-User
10.2.6.2 France Lighting-as-a-service Market
10.2.6.2.1 France Lighting-as-a-service Market by Components
10.2.6.2.2 France Lighting-as-a-service Market by Installation
10.2.6.2.3 France Lighting-as-a-service Market by End-User
10.2.6.3 Italy Lighting-as-a-service Market
10.2.6.3.1 Italy Lighting-as-a-service Market by Components
10.2.6.3.2 Italy Lighting-as-a-service Market by Installation
10.2.6.3.3 Italy Lighting-as-a-service Market by End-User
10.2.6.4 United Kingdom Lighting-as-a-service Market
10.2.6.4.1 United Kingdom Lighting-as-a-service Market by Components
10.2.6.4.2 United Kingdom Lighting-as-a-service Market by Installation
10.2.6.4.3 United Kingdom Lighting-as-a-service Market by End-User
10.2.6.5 Russia Lighting-as-a-service Market
10.2.6.5.1 Russia Lighting-as-a-service Market by Components
10.2.6.5.2 Russia Lighting-as-a-service Market by Installation
10.2.6.5.3 Russia Lighting-as-a-service Market by End-User
10.2.6.6 Rest of Europe Lighting-as-a-service Market
10.2.6.6.1 Rest of Europe Lighting-as-a-service Market by Components
10.2.6.6.2 Rest of Europe Lighting-as-a-service Market by Installation
10.2.6.6.3 Rest of Europe Lighting-as-a-service Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Lighting-as-a-service Market Overview
10.3.2 Asia-Pacific Lighting-as-a-service Market Forecasts and Analysis
10.3.3 Asia-Pacific Lighting-as-a-service Market Forecasts and Analysis - By Components
10.3.4 Asia-Pacific Lighting-as-a-service Market Forecasts and Analysis - By Installation
10.3.5 Asia-Pacific Lighting-as-a-service Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Lighting-as-a-service Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Lighting-as-a-service Market
10.3.6.1.1 Australia Lighting-as-a-service Market by Components
10.3.6.1.2 Australia Lighting-as-a-service Market by Installation
10.3.6.1.3 Australia Lighting-as-a-service Market by End-User
10.3.6.2 China Lighting-as-a-service Market
10.3.6.2.1 China Lighting-as-a-service Market by Components
10.3.6.2.2 China Lighting-as-a-service Market by Installation
10.3.6.2.3 China Lighting-as-a-service Market by End-User
10.3.6.3 India Lighting-as-a-service Market
10.3.6.3.1 India Lighting-as-a-service Market by Components
10.3.6.3.2 India Lighting-as-a-service Market by Installation
10.3.6.3.3 India Lighting-as-a-service Market by End-User
10.3.6.4 Japan Lighting-as-a-service Market
10.3.6.4.1 Japan Lighting-as-a-service Market by Components
10.3.6.4.2 Japan Lighting-as-a-service Market by Installation
10.3.6.4.3 Japan Lighting-as-a-service Market by End-User
10.3.6.5 South Korea Lighting-as-a-service Market
10.3.6.5.1 South Korea Lighting-as-a-service Market by Components
10.3.6.5.2 South Korea Lighting-as-a-service Market by Installation
10.3.6.5.3 South Korea Lighting-as-a-service Market by End-User
10.3.6.6 Indonesia Lighting-as-a-service Market
10.3.6.6.1 Indonesia Lighting-as-a-service Market by Components
10.3.6.6.2 Indonesia Lighting-as-a-service Market by Installation
10.3.6.6.3 Indonesia Lighting-as-a-service Market by End-User
10.3.6.7 Rest of Asia-Pacific Lighting-as-a-service Market
10.3.6.7.1 Rest of Asia-Pacific Lighting-as-a-service Market by Components
10.3.6.7.2 Rest of Asia-Pacific Lighting-as-a-service Market by Installation
10.3.6.7.3 Rest of Asia-Pacific Lighting-as-a-service Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Lighting-as-a-service Market Overview
10.4.2 Middle East and Africa Lighting-as-a-service Market Forecasts and Analysis
10.4.3 Middle East and Africa Lighting-as-a-service Market Forecasts and Analysis - By Components
10.4.4 Middle East and Africa Lighting-as-a-service Market Forecasts and Analysis - By Installation
10.4.5 Middle East and Africa Lighting-as-a-service Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Lighting-as-a-service Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Lighting-as-a-service Market
10.4.6.1.1 South Africa Lighting-as-a-service Market by Components
10.4.6.1.2 South Africa Lighting-as-a-service Market by Installation
10.4.6.1.3 South Africa Lighting-as-a-service Market by End-User
10.4.6.2 Saudi Arabia Lighting-as-a-service Market
10.4.6.2.1 Saudi Arabia Lighting-as-a-service Market by Components
10.4.6.2.2 Saudi Arabia Lighting-as-a-service Market by Installation
10.4.6.2.3 Saudi Arabia Lighting-as-a-service Market by End-User
10.4.6.3 U.A.E Lighting-as-a-service Market
10.4.6.3.1 U.A.E Lighting-as-a-service Market by Components
10.4.6.3.2 U.A.E Lighting-as-a-service Market by Installation
10.4.6.3.3 U.A.E Lighting-as-a-service Market by End-User
10.4.6.4 Rest of Middle East and Africa Lighting-as-a-service Market
10.4.6.4.1 Rest of Middle East and Africa Lighting-as-a-service Market by Components
10.4.6.4.2 Rest of Middle East and Africa Lighting-as-a-service Market by Installation
10.4.6.4.3 Rest of Middle East and Africa Lighting-as-a-service Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Lighting-as-a-service Market Overview
10.5.2 South and Central America Lighting-as-a-service Market Forecasts and Analysis
10.5.3 South and Central America Lighting-as-a-service Market Forecasts and Analysis - By Components
10.5.4 South and Central America Lighting-as-a-service Market Forecasts and Analysis - By Installation
10.5.5 South and Central America Lighting-as-a-service Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Lighting-as-a-service Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Lighting-as-a-service Market
10.5.6.1.1 Brazil Lighting-as-a-service Market by Components
10.5.6.1.2 Brazil Lighting-as-a-service Market by Installation
10.5.6.1.3 Brazil Lighting-as-a-service Market by End-User
10.5.6.2 Argentina Lighting-as-a-service Market
10.5.6.2.1 Argentina Lighting-as-a-service Market by Components
10.5.6.2.2 Argentina Lighting-as-a-service Market by Installation
10.5.6.2.3 Argentina Lighting-as-a-service Market by End-User
10.5.6.3 Rest of South and Central America Lighting-as-a-service Market
10.5.6.3.1 Rest of South and Central America Lighting-as-a-service Market by Components
10.5.6.3.2 Rest of South and Central America Lighting-as-a-service Market by Installation
10.5.6.3.3 Rest of South and Central America Lighting-as-a-service Market by End-User
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. LIGHTING-AS-A-SERVICE MARKET, KEY COMPANY PROFILES
12.1. CREE INC.
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. EATON CORPORATION PLC
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. FUTURE ENERGY SOLUTIONS
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. IGOR INC.
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. ITELECOM USA
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. KONINKLIJKE PHILIPS N.V.
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. LUNERA LIGHTING
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. RCG LIGHTHOUSE
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. SIB LIGHTING
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. ZUMTOBEL GROUP AG
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. Cree Inc.
2. Eaton Corporation plc
3. Future Energy Solutions
4. Igor Inc.
5. Itelecom USA
6. Koninklijke Philips N.V.
7. Lunera Lighting
8. RCG Lighthouse
9. SIB Lighting
10. Zumtobel Group 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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