Neural Network Software Market Growth Opportunities, Top Players, and Forecast by 2031

Coverage: Neural Network Software Market covers analysis by Component (Software (Analytical Software, Data Mining and Archiving, Visualization Software, and Optimization Software), and Service); Application (Fraud Detection, Machine Diagnostics, Portfolio Management, Financial Forecasting, and Process Modeling); Industry Verticals (Government, BFSI, Energy and Utilities, IT and telecom, Retail, Media & Communications, Transportation, and Manufacturing), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00002947
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Neural Network Software Market Growth Report and Size by 2031

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The Neural Network Software Market is expected to register a CAGR of 33.2% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Component (Software (Analytical Software, Data Mining and Archiving, Visualization Software, and Optimization Software), and Service); Application (Fraud Detection, Machine Diagnostics, Portfolio Management, Financial Forecasting, and Process Modeling); Industry Verticals (Government, BFSI, Energy and Utilities, IT and telecom, Retail, Media & Communications, Transportation, and Manufacturing); Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South and Central America).
The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments

Purpose of the Report

The report Neural Network Software Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Neural Network Software Market Segmentation

Component
  • Software
  • Service
Application
  • Fraud Detection
  • Machine Diagnostics
  • Portfolio Management
  • Financial Forecasting
  • Process Modeling
Industry Verticals
  • Government
  • BFSI
  • Energy and Utilities
  • IT and telecom
  • Retail
  • Media & Communications
  • Transportation
  • Manufacturing
Geography
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Strategic Insights

Neural Network Software Market Growth Drivers
  • Growing Demand for Artificial Intelligence Applications: The growth in the acceptance of artificial intelligence (AI) in almost all business sectors is the most compelling driver for the neural network software market. Organizations seek AI technologies to help them with better decision-making, automatic execution of tasks, and delivery of customer value. AI tasks, which involve image recognition, natural language processing, and predictive analytics, often rely on neural networks-a fundamental element of AI systems. Thus, with the growing demand for neural network software, business houses have identified the true potential of AI in leading innovation and efficiency. Advances in
  • Advancements in Computing Power and Infrastructure: Computing power is evolving at breakneck speed. Graphics Processing Units and Tensor Processing Units have made the efficient training of complex neural networks possible. This will facilitate more intensive processing of large data sets and the training of deeper models that are used for sophisticated applications in AI. Improvements in infrastructure that allows the running of neural networks encourage investment in neural network software, leading to market growth.
Neural Network Software Market Future Trends
  • Emergence of AutoML and Low-Code Platforms: AutoML and low-code development platforms are transforming the neural network software landscape. The ease with which these tools can build and deploy neural network models is opening up the possibilities of such a model to a larger set of users, even those with minimal programming skills. With the AutoML solution, model selection, hyperparameter tuning, and feature engineering can be automated, so that the organization can use neural networks without requiring deep data science expertise. This trend expands the base of users for neural network software, bringing about market growth.
  • Focus on Explainable AI (XAI): As organizations deploy AI solutions, there is a growing demand for transparency and interpretability in AI decision-making processes. Explainable AI (XAI) aims to make the workings of neural networks more understandable to users and stakeholders. The focus on explainable AI is influencing the development of neural network software, prompting providers to incorporate features that enhance model interpretability. This trend is crucial for building trust in AI systems, especially in regulated industries such as finance and healthcare.
Neural Network Software Market Opportunities
  • Growth of Edge Computing: Edge computing opportunities for neural network software developers have increased dramatically. It can process data closer to the source, thereby reducing latency and bandwidth usage and improving real-time decision-making. Neural networks can now be used on edge devices for real-time image recognition, predictive maintenance, and smart manufacturing. Organizations will want to optimize their operations using edge computing, and that means an increasing demand for neural network software designed specifically for edge applications.
  • Integration with Internet of Things (IoT): Neural networks and IoT systems can be integrated to allow for better analysis and automation of data. Neural networks can process and analyze the enormous amounts of data that are generated by the IoT devices. This allows real-time insights and intelligent decision-making. For example, in smart cities, the neural networks can analyze the traffic patterns and optimize traffic light operations. In agriculture, neural networks can be used to monitor crop health and optimize irrigation. Adoption in IoT will continue to spread rapidly and the demand for neural network software that can effectively analyze the data generated by IoT shall follow.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Neural Network Software Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Neural Network Software Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the options available for the customization of this report?

Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility

What are the future trends of the Neural Network Software Market?

Emergence of AutoML and Low-Code Platforms is anticipated to play a significant role in the global Neural Network Software Market in the coming years

What are the deliverable formats of the market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request

What is the expected CAGR of the Neural Network Software Market?

The global Neural Network Software Market is expected to grow at a CAGR of 33.2% during the forecast period 2024 - 2031

What are the driving factors impacting the global Neural Network Software Market?

Growing Demand for Artificial Intelligence Applications and Advancements in Computing Power and Infrastructure are the major factors driving the Neural Network Software Market

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Neural Network Software Market - By Component
- Neural Network Software Market - By Application
- Neural Network Software Market - By Industry Vertical
- Neural Network Software Market - By Region
- By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NEURAL NETWORK SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. NEURAL NETWORK SOFTWARE MARKET - KEY INDUSTRY 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. NEURAL NETWORK SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. NEURAL NETWORK SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. NEURAL NETWORK SOFTWARE - GLOBAL MARKET AND FORECAST T-2028
6.3. MARKET POSITIONING/ MARKET SHARE
6. NEURAL NETWORK SOFTWARE MARKET REVENUE AND FORECASTS T-2028 - COMPONENT
6.4. OVERVIEW
6.5. COMPONENT MARKET FORECASTS AND ANALYSIS
6.6. SOFTWARE
6.6.1. Overview
6.6.2. Software Market Forecast and Analysis
6.6.2.1. Analytical Software
6.6.2.1.1. Overview
6.6.2.1.2. Analytical Software Market Forecast and Analysis
6.6.2.2. Data Mining and Archiving
6.6.2.2.1. Overview
6.6.2.2.2. Data Mining and Archiving Market Forecast and Analysis
6.6.2.3. Visualization Software
6.6.2.3.1. Overview
6.6.2.3.2. Visualization Software Market Forecast and Analysis
6.6.2.4. Optimization Software
6.6.2.4.1. Overview
6.6.2.4.2. Optimization Software Market Forecast and Analysis
6.7. SERVICE
6.7.1. Overview
6.7.2. Service Market Forecast and Analysis

7. NEURAL NETWORK SOFTWARE MARKET REVENUE AND FORECASTS T-2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. FRAUD DETECTION
7.3.1. Overview
7.3.2. Fraud Detection Market Forecast and Analysis
7.4. MACHINE DIAGNOSTICS
7.4.1. Overview
7.4.2. Machine Diagnostics Market Forecast and Analysis
7.5. PORTFOLI-MANAGEMENT
7.5.1. Overview
7.5.2. Portfoli-Management Market Forecast and Analysis
7.6. FINANCIAL FORECASTING
7.6.1. Overview
7.6.2. Financial Forecasting Market Forecast and Analysis
7.7. PROCESS MODELLING
7.7.1. Overview
7.7.2. Process Modelling Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. NEURAL NETWORK SOFTWARE MARKET REVENUE AND FORECASTS T-2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. GOVERNMENT
8.3.1. Overview
8.3.2. Government Market Forecast and Analysis
8.4. BFSI
8.4.1. Overview
8.4.2. BFSI Market Forecast and Analysis
8.5. ENERGY AND UTILITIES
8.5.1. Overview
8.5.2. Energy and Utilities Market Forecast and Analysis
8.6. IT AND TELECOM
8.6.1. Overview
8.6.2. IT and telecom Market Forecast and Analysis
8.7. RETAIL
8.7.1. Overview
8.7.2. Retail Market Forecast and Analysis
8.8. MEDIA & COMMUNICATIONS
8.8.1. Overview
8.8.2. Media & Communications Market Forecast and Analysis
8.9. TRANSPORTATION
8.9.1. Overview
8.9.2. Transportation Market Forecast and Analysis
8.10. MANUFACTURING
8.10.1. Overview
8.10.2. Manufacturing Market Forecast and Analysis
8.11. OTHERS
8.11.1. Overview
8.11.2. Others Market Forecast and Analysis

9. NEURAL NETWORK SOFTWARE MARKET REVENUE AND FORECASTS T-2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. North America Neural Network Software Market Overview
9.1.2. North America Neural Network Software Market Forecasts and Analysis
9.1.3. North America Market Forecasts and Analysis - By Component
9.1.4. North America Market Forecasts and Analysis - By Application
9.1.5. North America Market Forecasts and Analysis - By Industry Vertical
9.1.6. North America Market Forecasts and Analysis - By Countries
9.1.6.1. US market
9.1.6.1.1. US Market by Component
9.1.6.1.2. US Market by Application
9.1.6.1.3. US Market by Industry Vertical
9.1.6.2. Canada market
9.1.6.2.1. Canada Market by Component
9.1.6.2.2. Canada Market by Application
9.1.6.2.3. Canada Market by Industry Vertical
9.1.6.3. Mexic-market
9.1.6.3.1. Mexic-Market by Component
9.1.6.3.2. Mexic-Market by Application
9.1.6.3.3. Mexic-Market by Industry Vertical
9.2. EUROPE
9.2.1. Europe Neural Network Software Market Overview
9.2.2. Europe Neural Network Software Market Forecasts and Analysis
9.2.3. Europe Market Forecasts and Analysis - By Component
9.2.4. Europe Market Forecasts and Analysis - By Application
9.2.5. Europe Market Forecasts and Analysis - By Industry Vertical
9.2.6. Europe Market Forecasts and Analysis - By Countries
9.2.6.1. France market
9.2.6.1.1. France Market by Component
9.2.6.1.2. France Market by Application
9.2.6.1.3. France Market by Industry Vertical
9.2.6.2. Germany market
9.2.6.2.1. Germany Market by Component
9.2.6.2.2. Germany Market by Application
9.2.6.2.3. Germany Market by Industry Vertical
9.2.6.3. Italy market
9.2.6.3.1. Italy Market by Component
9.2.6.3.2. Italy Market by Application
9.2.6.3.3. Italy Market by Industry Vertical
9.2.6.4. Russia market
9.2.6.4.1. Russia Market by Component
9.2.6.4.2. Russia Market by Application
9.2.6.4.3. Russia Market by Industry Vertical
9.2.6.5. UK market
9.2.6.5.1. UK Market by Component
9.2.6.5.2. UK Market by Application
9.2.6.5.3. UK Market by Industry Vertical
9.3. ASIA PACIFIC (APAC)
9.3.1. Asia Pacific Neural Network Software Market Overview
9.3.2. Asia Pacific Neural Network Software Market Forecasts and Analysis
9.3.3. Asia Pacific Market Forecasts and Analysis - By Component
9.3.4. Asia Pacific Market Forecasts and Analysis - By Application
9.3.5. Asia Pacific Market Forecasts and Analysis - By Industry Vertical
9.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
9.3.6.1. South Korea
9.3.6.1.1. South Korea Market by Component
9.3.6.1.2. South Korea Market by Application
9.3.6.1.3. South Korea Market by Industry Vertical
9.3.6.2. China market
9.3.6.2.1. China Market by Component
9.3.6.2.2. China Market by Application
9.3.6.2.3. China Market by Industry Vertical
9.3.6.3. India market
9.3.6.3.1. India Market by Component
9.3.6.3.2. India Market by Application
9.3.6.3.3. India Market by Industry Vertical
9.3.6.4. Japan market
9.3.6.4.1. Japan Market by Component
9.3.6.4.2. Japan Market by Application
9.3.6.4.3. Japan Market by Industry Vertical
9.3.6.5. Australia market
9.3.6.5.1. Australia Market by Component
9.3.6.5.2. Australia Market by Application
9.3.6.5.3. Australia Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA (MEA)
9.4.1. Middle East and Africa Neural Network Software Market Overview
9.4.2. Middle East and Africa Neural Network Software Market Forecasts and Analysis
9.4.3. Middle East and Africa Market Forecasts and Analysis - By Component
9.4.4. Middle East and Africa Market Forecasts and Analysis - By Application
9.4.5. Middle East and Africa Market Forecasts and Analysis - By Industry Vertical
9.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.6.1. South Africa market
9.4.6.1.1. South Africa Market by Component
9.4.6.1.2. South Africa Market by Application
9.4.6.1.3. South Africa Market by Industry Vertical
9.4.6.2. Saudi Arabia market
9.4.6.2.1. Saudi Arabia Market by Component
9.4.6.2.2. Saudi Arabia Market by Application
9.4.6.2.3. Saudi Arabia Market by Industry Vertical
9.4.6.3. UAE market
9.4.6.3.1. UAE Market by Component
9.4.6.3.2. UAE Market by Application
9.4.6.3.3. UAE Market by Industry Vertical
9.5. SOUTH AMERICA (SAM)
9.5.1. South America Neural Network Software Market Overview
9.5.2. South America Neural Network Software Market Forecasts and Analysis
9.5.3. South America Market Forecasts and Analysis - By Component
9.5.4. South America Market Forecasts and Analysis - By Application
9.5.5. South America Market Forecasts and Analysis - By Industry Vertical
9.5.6. South America Market Forecasts and Analysis - By Countries
9.5.6.1. Brazil market
9.5.6.1.1. Brazil Market by Component
9.5.6.1.2. Brazil Market by Application
9.5.6.1.3. Brazil Market by Industry Vertical
9.5.6.2. Argentina market
9.5.6.2.1. Argentina Market by Component
9.5.6.2.2. Argentina Market by Application
9.5.6.2.3. Argentina Market by Industry Vertical
9.5.6.3. Rest of SAM market
9.5.6.3.1. Rest of SAM Market by Component
9.5.6.3.2. Rest of SAM Market by Application
9.5.6.3.3. Rest of SAM Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS & ACQUISITIONS
10.2. MARKET INITIATIVES
10.3. NEW DEVELOPMENTS
10.4. COMPETITIVE PRODUCT MAPPING

11. NEURAL NETWORK SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. GOOGLE INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products & Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. IBM CORP.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products & Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MICROSOFT CORP.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products & Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ORACLE CORP.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products & Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INTEL CORP.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products & Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. QUALCOMM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products & Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAP SE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products & Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DEEPMIND TECHNOLOGIES LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products & Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NVIDIA CORPORATION.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products & Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HP DEVELOPMENT COMPANY, L.P.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products & Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Google Inc.
2. IBM Corp.
3. Microsoft Corp.
4. Oracle Corp.
5. Intel Corp.
6. Qualcomm
7. SAP SE
8. DeepMind Technologies Limited
9. NVIDIA Corporation
10. HP Development Company, L.P.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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