Mobile Data Collectors Market Insights and Growth by 2031
The mobile data collectors market is expected to register a CAGR of 13.1% during 2023–2031. Increasing adoption of blockchain and edge computing is likely to remain a key trend in the market.
Mobile Data Collectors Market Analysis
- The mobile data collectors market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The mobile data collectors market is growing owing to factors such as a surge in the adoption of IoT devices, increasing adoption of handheld mobiles to fetch real-time data across various industries, and stringent government rules regarding data privacy.
- Artificial intelligence and machine learning (AI/ML) algorithms provide lucrative opportunities for the mobile data collectors market.
Mobile Data Collectors Market Overview
- Mobile data collection (MDC) is the use of mobile phones, tablets or personal digital assistants (PDAs) for programming or data collection.
- Digital tools or apps known as "mobile data collectors" are made to collect data on the go with portable electronics like smartphones, tablets, or specialized handheld computers.
- With the help of these technologies, users may gather, save, and send different kinds of data (text, numbers, photos, GPS coordinates, etc.) while they're on the go, doing away with the need for manual data entry and paper-based forms.
- Their applications span a wide range of industries, including research, surveys, inspections, fieldwork, logistics, and more. They provide advantages like enhanced accuracy, real-time data capturing, and quicker data management procedures.
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Mobile Data Collectors Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Mobile Data Collectors Market: Strategic Insights
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Speak to AnalystMobile Data Collectors Market Drivers and Opportunities
Surge In The Adoption Of IoT Devices to Favor Market
- The Internet of Things (IoT) describes An extensively broad network of interconnected devices along with technologies that enable communications between these devices and the cloud
- Recently, there has been a huge surge in the adoption of IoT technologies due to advancements in mobile and wireless connectivity technologies, and a gradual drop in the cost of sensors and other components.
- Several industries are using IoT to improve efficiency and reduce the costs of their operations. According to Finance Online, there were approximately 14.76 billion connected IoT devices as of November 2023, and this figure is expected to rise to ~25.44 billion by 2031.
- As per a forecast by IoT Analytics, 75% of the total devices in use would be IoT by 2031. Furthermore, FinleyUSA estimated the global IoT spending at US$ 1.1 trillion in 2023
- Massive volumes of data are collected in real-time by Internet of Things (IoT) devices, ranging from wearable fitness trackers to smart appliances to remote meteorological sensors and everything in between.
- Organizations need to find new and improved methods for gathering, processing, and analyzing data as it becomes increasingly complicated and abundant. In such a scenario, mobile data collectors play a crucial role.
Artificial Intelligence And Machine Learning (AI/ML) Algorithms
- Social media, site traffic, and customer feedback are just a few of the channels where data collection and processing are undergoing a dramatic change due to algorithms powered by artificial intelligence and machine learning (AI/ML).
- These technologies make it possible to analyze enormous amounts of data in real-time, giving organizations access to vital insights that were previously hard to obtain through more conventional methods. In addition to enhancing decision-making quality, AI/ML enables the detection of patterns and trends.
- Businesses may improve products and services more quickly as a result of this scalability, which empowers them to make informed and strategic decisions.
- As a result, the incorporation of AI/ML into data analytics is a revolutionary force that offers real advantages for innovation, efficiency, and competitive advantage. It also streamlines processes and enables firms to swiftly adapt to shifting market dynamics.
Mobile Data Collectors Market Report Segmentation Analysis
Key segments that contributed to the derivation of the mobile data collectors market analysis are product type and application.
- By product type, the market is segmented into wireless data collectors, mechanical data collectors, electronic data collectors, and others.
- By application, the market is segmented into communication, electronics, logistics, and others.
Mobile Data Collectors Market Share Analysis by Geography
- The mobile data collectors market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering mobile data collectors' market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the mobile data collectors market in these regions.
Mobile Data Collectors Market Report Scope
Mobile Data Collectors Market News and Recent Developments
The mobile data collectors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the mobile data collectors market are listed below:
- Cellebrite DI Ltd., a leader in Digital Investigative solutions, today unveils Cellebrite Endpoint Inspector SaaS. This enhanced delivery model of our industry-leading Endpoint Inspector product offers enterprise customers and eDiscovery service providers next-generation digital forensic capabilities that enable the streamlined collection and analysis of data from diverse remote devices, all within a unified, consent-based, secure framework. (Cellebrite DI Ltd, Press Release, March 2024)
- Reveal, the global provider of the leading AI-powered eDiscovery, review and investigations platform, announced today an integrated collaboration with ModeOne, the leading provider of smartphone data discovery featuring a patented SaaS framework to help organizations automate the collection and analysis of mobile data. This cooperative effort is set to transform how organizations manage the ever-increasing demands of complex data stored on Apple iOS and Android mobile devices in legal proceedings. (Reveal, Press Release, January 2024)
Mobile Data Collectors Market Report Coverage and Deliverables
The “Mobile Data Collectors Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Mobile data collectors market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Mobile data collectors market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Mobile data collectors market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the mobile data collectors market
- Detailed company profiles
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.
Frequently Asked Questions
The global mobile data collectors market is expected to grow at a CAGR of 13.1% during the forecast period 2024 - 2031.
The surge in the adoption of IoT devices, increasing adoption of handheld mobiles to fetch real-time data across various industries, and stringent government rules regarding data privacy are the major factors driving the mobile data collectors market.
The increasing adoption of blockchain and edge computing is anticipated to play a significant role in the global mobile data collectors market in the coming years.
The leading players operating in the mobile data collectors market are Siemens; Opticon USA; SDSpro; doForms; Poimapper; Delcan Technologies; Microsoft; Honeywell; MDC; and Caliper Corporation.
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 a 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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mobile Data Protection Market - By Solutions
1.3.2 Mobile Data Protection Market - By Deployment Type
1.3.3 Mobile Data Protection Market - By Enterprise Size
1.3.4 Mobile Data Protection Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. MOBILE DATA PROTECTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 Asia-Pacific - Pest Analysis
4.3.4 Middle East and Africa - Pest Analysis
4.3.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
5. MOBILE DATA PROTECTION 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. MOBILE DATA PROTECTION MARKET - GLOBAL MARKET ANALYSIS
6.1. MOBILE DATA PROTECTION - GLOBAL MARKET OVERVIEW
6.2. MOBILE DATA PROTECTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MOBILE DATA PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTIONS
7.1. OVERVIEW
7.2. SOLUTIONS MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. MOBILE DATA PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
8.1. OVERVIEW
8.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISE
8.3.1. Overview
8.3.2. On-premise Market Forecast and Analysis
8.4. CLOUD
8.4.1. Overview
8.4.2. Cloud Market Forecast and Analysis
9. MOBILE DATA PROTECTION MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. LARGE ENTERPRISE
9.3.1. Overview
9.3.2. Large Enterprise Market Forecast and Analysis
9.4. SMALL AND MEDIUM ENTERPRISE
9.4.1. Overview
9.4.2. Small and Medium Enterprise Market Forecast and Analysis
10. MOBILE DATA PROTECTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Mobile Data Protection Market Overview
10.1.2 North America Mobile Data Protection Market Forecasts and Analysis
10.1.3 North America Market Forecasts and Analysis - By Solutions
10.1.4 North America Market Forecasts and Analysis - By Deployment Type
10.1.5 North America Market Forecasts and Analysis - By Enterprise Size
10.1.6 North America Market Forecasts and Analysis - By Countries
10.1.6.1 United States Market
10.1.6.1.1 United States Market by Solutions
10.1.6.1.2 United States Market by Deployment Type
10.1.6.1.3 United States Market by Enterprise Size
10.1.6.2 Canada Market
10.1.6.2.1 Canada Market by Solutions
10.1.6.2.2 Canada Market by Deployment Type
10.1.6.2.3 Canada Market by Enterprise Size
10.1.6.3 Mexico Market
10.1.6.3.1 Mexico Market by Solutions
10.1.6.3.2 Mexico Market by Deployment Type
10.1.6.3.3 Mexico Market by Enterprise Size
10.2. EUROPE
10.2.1 Europe Mobile Data Protection Market Overview
10.2.2 Europe Mobile Data Protection Market Forecasts and Analysis
10.2.3 Europe Market Forecasts and Analysis - By Solutions
10.2.4 Europe Market Forecasts and Analysis - By Deployment Type
10.2.5 Europe Market Forecasts and Analysis - By Enterprise Size
10.2.6 Europe Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Market
10.2.6.1.1 Germany Market by Solutions
10.2.6.1.2 Germany Market by Deployment Type
10.2.6.1.3 Germany Market by Enterprise Size
10.2.6.2 France Market
10.2.6.2.1 France Market by Solutions
10.2.6.2.2 France Market by Deployment Type
10.2.6.2.3 France Market by Enterprise Size
10.2.6.3 Italy Market
10.2.6.3.1 Italy Market by Solutions
10.2.6.3.2 Italy Market by Deployment Type
10.2.6.3.3 Italy Market by Enterprise Size
10.2.6.4 United Kingdom Market
10.2.6.4.1 United Kingdom Market by Solutions
10.2.6.4.2 United Kingdom Market by Deployment Type
10.2.6.4.3 United Kingdom Market by Enterprise Size
10.2.6.5 Russia Market
10.2.6.5.1 Russia Market by Solutions
10.2.6.5.2 Russia Market by Deployment Type
10.2.6.5.3 Russia Market by Enterprise Size
10.2.6.6 Rest of Europe Market
10.2.6.6.1 Rest of Europe Market by Solutions
10.2.6.6.2 Rest of Europe Market by Deployment Type
10.2.6.6.3 Rest of Europe Market by Enterprise Size
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Mobile Data Protection Market Overview
10.3.2 Asia-Pacific Mobile Data Protection Market Forecasts and Analysis
10.3.3 Asia-Pacific Market Forecasts and Analysis - By Solutions
10.3.4 Asia-Pacific Market Forecasts and Analysis - By Deployment Type
10.3.5 Asia-Pacific Market Forecasts and Analysis - By Enterprise Size
10.3.6 Asia-Pacific Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Market
10.3.6.1.1 Australia Market by Solutions
10.3.6.1.2 Australia Market by Deployment Type
10.3.6.1.3 Australia Market by Enterprise Size
10.3.6.2 China Market
10.3.6.2.1 China Market by Solutions
10.3.6.2.2 China Market by Deployment Type
10.3.6.2.3 China Market by Enterprise Size
10.3.6.3 India Market
10.3.6.3.1 India Market by Solutions
10.3.6.3.2 India Market by Deployment Type
10.3.6.3.3 India Market by Enterprise Size
10.3.6.4 Japan Market
10.3.6.4.1 Japan Market by Solutions
10.3.6.4.2 Japan Market by Deployment Type
10.3.6.4.3 Japan Market by Enterprise Size
10.3.6.5 South Korea Market
10.3.6.5.1 South Korea Market by Solutions
10.3.6.5.2 South Korea Market by Deployment Type
10.3.6.5.3 South Korea Market by Enterprise Size
10.3.6.6 Rest of Asia-Pacific Market
10.3.6.6.1 Rest of Asia-Pacific Market by Solutions
10.3.6.6.2 Rest of Asia-Pacific Market by Deployment Type
10.3.6.6.3 Rest of Asia-Pacific Market by Enterprise Size
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Mobile Data Protection Market Overview
10.4.2 Middle East and Africa Mobile Data Protection Market Forecasts and Analysis
10.4.3 Middle East and Africa Market Forecasts and Analysis - By Solutions
10.4.4 Middle East and Africa Market Forecasts and Analysis - By Deployment Type
10.4.5 Middle East and Africa Market Forecasts and Analysis - By Enterprise Size
10.4.6 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Market
10.4.6.1.1 South Africa Market by Solutions
10.4.6.1.2 South Africa Market by Deployment Type
10.4.6.1.3 South Africa Market by Enterprise Size
10.4.6.2 Saudi Arabia Market
10.4.6.2.1 Saudi Arabia Market by Solutions
10.4.6.2.2 Saudi Arabia Market by Deployment Type
10.4.6.2.3 Saudi Arabia Market by Enterprise Size
10.4.6.3 U.A.E Market
10.4.6.3.1 U.A.E Market by Solutions
10.4.6.3.2 U.A.E Market by Deployment Type
10.4.6.3.3 U.A.E Market by Enterprise Size
10.4.6.4 Rest of Middle East and Africa Market
10.4.6.4.1 Rest of Middle East and Africa Market by Solutions
10.4.6.4.2 Rest of Middle East and Africa Market by Deployment Type
10.4.6.4.3 Rest of Middle East and Africa Market by Enterprise Size
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Mobile Data Protection Market Overview
10.5.2 South and Central America Mobile Data Protection Market Forecasts and Analysis
10.5.3 South and Central America Market Forecasts and Analysis - By Solutions
10.5.4 South and Central America Market Forecasts and Analysis - By Deployment Type
10.5.5 South and Central America Market Forecasts and Analysis - By Enterprise Size
10.5.6 South and Central America Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Market
10.5.6.1.1 Brazil Market by Solutions
10.5.6.1.2 Brazil Market by Deployment Type
10.5.6.1.3 Brazil Market by Enterprise Size
10.5.6.2 Argentina Market
10.5.6.2.1 Argentina Market by Solutions
10.5.6.2.2 Argentina Market by Deployment Type
10.5.6.2.3 Argentina Market by Enterprise Size
10.5.6.3 Rest of South and Central America Market
10.5.6.3.1 Rest of South and Central America Market by Solutions
10.5.6.3.2 Rest of South and Central America Market by Deployment Type
10.5.6.3.3 Rest of South and Central America Market by Enterprise Size
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. MOBILE DATA PROTECTION MARKET, KEY COMPANY PROFILES
12.1. AO KASPERSKY LAB.
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. CHECKPOINT SOFTWARE TECHNOLOGIES LTD.
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. DELL 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. GEMALTO NV
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. HP
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. MCAFEE, LLC
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. MICROSOFT CORPORATION
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. SOPHOS LTD.
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. SYMANTEC CORPORATION (NORTON)
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. TREND MICRO INCORPORATED
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
The List of Companies
1. AO Kaspersky Lab.
2. CheckPoint Software Technologies Ltd.
3. Dell Inc.
4. Gemalto NV
5. HP
6. McAfee, LLC
7. Mircrosoft Corporation
8. Sophos Ltd.
9. Symantec Corporation (Norton)
10. Trend Micro Incorporated
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.