OSS and BSS Market Trends and Forecast (2021-2031)
The OSS and BSS Market is expected to register a CAGR of 13.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The OSS and BSS Market report covers analysis By Solution, Deployment, Application, and Geography. The Report Offers the Value in US$ for the above analysis and segments.
Purpose of the ReportThe report OSS and BSS 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.
OSS and BSS Market Segmentation
Solution- OSS
- BSS
- Cloud
- On-Premise
- IT and Telecom
- BFSI
- Others
- North America
- Europe
- Asia Pacific
- South and Central America
- North America
- Europe
- Asia Pacific
- South and Central America
Strategic Insights
OSS and BSS Market Growth Drivers- Digital Transformation Drives Demand: With increasing digital transformation mandates for businesses to stay competitive in an increasingly digital-first world, integrated OSS and BSS have become increasingly important. Investment in new digital infrastructures across industries is increasing demand for robust OSS and BSS. This is just one of the reasons why OSS and BSS will continue to play an essential role for most businesses.
- 5G Technology Accelerates Growth: Greater uptake of 5G technology is emerging as a major growth accelerator for the OSS and BSS market. The increased speed, capacity, and low latency of 5G require advanced network management, billing, and customer support systems. For OSS and BSS systems, the mandate will continue to become increasingly complicated, as they have the mammoth responsibility of managing the ever-growing complexity of 5G networks.
- Data-Driven Decision-Making Promotes OSS/BSS Market Growth: Greater focus on data-driven decision-making is also promoting the OSS and BSS market. Enterprises increasingly rely on real-time data analytics to maximize operational efficiency, to better understand customers, and to provide personalized services. OSS and BSS systems with embedded advanced analytics now allow companies to more effectively make decisions, react to changes in market dynamics, and personalize service for every customer. This increasing need for actionable insights feeds the demand for modern OSS and BSS solutions equipped with capabilities for constantly analyzing huge volumes of data and generating real-time analytics.
- Regulatory Separation of OSS and BSS Disappears: The regulatory separation between OSS and BSS is disappearing as operators’ and vendors’ customers increasingly demand integrated, holistic systems that minimise complexity and duplication. That’s why we’re seeing vendors proposing integrated platforms to manage both operational and business support functions in a common framework to enable cross-functional real-time data flow between systems to accelerate service agility, revenue management, and better customer experience. Eliminating silos speeds up everything for operators as part of their overall digital transformation and simplifies technical operations.
- Advanced Analytics Provide Personalized Customer Service in OSS/BSS: Advanced analytics embedded within modern OSS/BSS platforms can also track real-time customer data and generate AI-powered insight to provide better, more personalized service offers and resolve customer issues faster and more accurately. Integrating advanced CRM tools with BSS enables telcos to provide a consistent experience – from the moment a customer subscribes to when they open a bill. Failing to keep pace with these critical developments will put telcos at risk of losing their competitive edge to provider rivals in an ever-increasingly competitive market by failing to deliver best-in-class, personalized customer experiences.
- Open APIs and Industry Standards Enhance OSS/BSS Interoperability: With a much more complex telecoms ecosystem, there is an increasing focus on open APIs and de facto/de jure industry standards to achieve the necessary interoperability between OSS/BSS and other systems. Through open APIs, it’s now possible for operators to integrate third-party applications and services, which in turn will accelerate innovation and contribute to better services for their subscribers. Additionally, standardized frameworks such as TM Forum’s Open Digital Architecture (ODA) are starting to decrease vendor lock-in, improving the flexibility of systems, and speed up the time-to-market of new services, of any type, in any ecosystem.
- Revenue Assurance Critical for Telecom Operators: With billing errors, revenue leaks, and fraud becoming major challenges for telecom operators, organizations need to ensure the highest level of revenue assurance by deploying accurate, sophisticated OSS and BSS tools to undertake end-to-end monitoring and analysis of billing processes to identify any source of revenue leakages.
- Unified User Interfaces Help Telecom Operators Differentiate: The aim is for the telecoms operators to be able to give their clients a unified user interface with simpler management to help them differentiate themselves in this competitive market, and forge a stronger bond with their customers.
- Churn Management Tools Increase Customer Retention: Customer retention has become a major business imperative for telecom operators – which unquestionably makes finding the right churn management solution a pressing matter. OSS and BSS tools to work with the available customer data, analyze churn risk, and develop appropriate retention strategies are of great interest in this context. Sending the right offer at the right time through the right channel (machine learning-based personalization) is a valuable lever to increasing the probability of the end customer deciding to stay with the provider.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the OSS and BSS 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 OSS and BSS 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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The OSS and BSS Market is expected to register a CAGR of 13.3% from 2023-2031.
The major factors impacting the OSS and BSS Market are: Growing Demand for Real-Time Data Analytics, Digital Transformation Initiatives, and 5G Deployment
Key future trends in this market are - Cloud-based OS adoption, Rise in mobile OS demand, Open-source OS growth
Key companies of this market are: Accenture, Amdocs, Cisco Systems Inc, Comarch SA, CSG Systems International Inc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co Ltd, Infosys Limited, Netcracker.
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 request are 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 OSS And BSS Market - By Solution
1.3.2 OSS And BSS Market - By Deployment
1.3.3 OSS And BSS Market - By Application
1.3.4 OSS And BSS Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OSS AND BSS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. OSS AND BSS 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. OSS AND BSS MARKET - GLOBAL MARKET ANALYSIS
6.1. OSS AND BSS - GLOBAL MARKET OVERVIEW
6.2. OSS AND BSS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OSS AND BSS MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
7.1. OVERVIEW
7.2. SOLUTION MARKET FORECASTS AND ANALYSIS
7.3. OSS
7.3.1. Overview
7.3.2. OSS Market Forecast and Analysis
7.4. BSS
7.4.1. Overview
7.4.2. BSS Market Forecast and Analysis
8. OSS AND BSS MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISE
8.4.1. Overview
8.4.2. On-Premise Market Forecast and Analysis
9. OSS AND BSS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. IT AND TELECOM
9.3.1. Overview
9.3.2. IT and Telecom Market Forecast and Analysis
9.4. BFSI
9.4.1. Overview
9.4.2. BFSI Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. OSS AND BSS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America OSS And BSS Market Overview
10.1.2 North America OSS And BSS Market Forecasts and Analysis
10.1.3 North America OSS And BSS Market Forecasts and Analysis - By Solution
10.1.4 North America OSS And BSS Market Forecasts and Analysis - By Deployment
10.1.5 North America OSS And BSS Market Forecasts and Analysis - By Application
10.1.6 North America OSS And BSS Market Forecasts and Analysis - By Countries
10.1.6.1 United States OSS And BSS Market
10.1.6.1.1 United States OSS And BSS Market by Solution
10.1.6.1.2 United States OSS And BSS Market by Deployment
10.1.6.1.3 United States OSS And BSS Market by Application
10.1.6.2 Canada OSS And BSS Market
10.1.6.2.1 Canada OSS And BSS Market by Solution
10.1.6.2.2 Canada OSS And BSS Market by Deployment
10.1.6.2.3 Canada OSS And BSS Market by Application
10.1.6.3 Mexico OSS And BSS Market
10.1.6.3.1 Mexico OSS And BSS Market by Solution
10.1.6.3.2 Mexico OSS And BSS Market by Deployment
10.1.6.3.3 Mexico OSS And BSS Market by Application
10.2. EUROPE
10.2.1 Europe OSS And BSS Market Overview
10.2.2 Europe OSS And BSS Market Forecasts and Analysis
10.2.3 Europe OSS And BSS Market Forecasts and Analysis - By Solution
10.2.4 Europe OSS And BSS Market Forecasts and Analysis - By Deployment
10.2.5 Europe OSS And BSS Market Forecasts and Analysis - By Application
10.2.6 Europe OSS And BSS Market Forecasts and Analysis - By Countries
10.2.6.1 Germany OSS And BSS Market
10.2.6.1.1 Germany OSS And BSS Market by Solution
10.2.6.1.2 Germany OSS And BSS Market by Deployment
10.2.6.1.3 Germany OSS And BSS Market by Application
10.2.6.2 France OSS And BSS Market
10.2.6.2.1 France OSS And BSS Market by Solution
10.2.6.2.2 France OSS And BSS Market by Deployment
10.2.6.2.3 France OSS And BSS Market by Application
10.2.6.3 Italy OSS And BSS Market
10.2.6.3.1 Italy OSS And BSS Market by Solution
10.2.6.3.2 Italy OSS And BSS Market by Deployment
10.2.6.3.3 Italy OSS And BSS Market by Application
10.2.6.4 United Kingdom OSS And BSS Market
10.2.6.4.1 United Kingdom OSS And BSS Market by Solution
10.2.6.4.2 United Kingdom OSS And BSS Market by Deployment
10.2.6.4.3 United Kingdom OSS And BSS Market by Application
10.2.6.5 Russia OSS And BSS Market
10.2.6.5.1 Russia OSS And BSS Market by Solution
10.2.6.5.2 Russia OSS And BSS Market by Deployment
10.2.6.5.3 Russia OSS And BSS Market by Application
10.2.6.6 Rest of Europe OSS And BSS Market
10.2.6.6.1 Rest of Europe OSS And BSS Market by Solution
10.2.6.6.2 Rest of Europe OSS And BSS Market by Deployment
10.2.6.6.3 Rest of Europe OSS And BSS Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific OSS And BSS Market Overview
10.3.2 Asia-Pacific OSS And BSS Market Forecasts and Analysis
10.3.3 Asia-Pacific OSS And BSS Market Forecasts and Analysis - By Solution
10.3.4 Asia-Pacific OSS And BSS Market Forecasts and Analysis - By Deployment
10.3.5 Asia-Pacific OSS And BSS Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific OSS And BSS Market Forecasts and Analysis - By Countries
10.3.6.1 Australia OSS And BSS Market
10.3.6.1.1 Australia OSS And BSS Market by Solution
10.3.6.1.2 Australia OSS And BSS Market by Deployment
10.3.6.1.3 Australia OSS And BSS Market by Application
10.3.6.2 China OSS And BSS Market
10.3.6.2.1 China OSS And BSS Market by Solution
10.3.6.2.2 China OSS And BSS Market by Deployment
10.3.6.2.3 China OSS And BSS Market by Application
10.3.6.3 India OSS And BSS Market
10.3.6.3.1 India OSS And BSS Market by Solution
10.3.6.3.2 India OSS And BSS Market by Deployment
10.3.6.3.3 India OSS And BSS Market by Application
10.3.6.4 Japan OSS And BSS Market
10.3.6.4.1 Japan OSS And BSS Market by Solution
10.3.6.4.2 Japan OSS And BSS Market by Deployment
10.3.6.4.3 Japan OSS And BSS Market by Application
10.3.6.5 South Korea OSS And BSS Market
10.3.6.5.1 South Korea OSS And BSS Market by Solution
10.3.6.5.2 South Korea OSS And BSS Market by Deployment
10.3.6.5.3 South Korea OSS And BSS Market by Application
10.3.6.6 Rest of Asia-Pacific OSS And BSS Market
10.3.6.6.1 Rest of Asia-Pacific OSS And BSS Market by Solution
10.3.6.6.2 Rest of Asia-Pacific OSS And BSS Market by Deployment
10.3.6.6.3 Rest of Asia-Pacific OSS And BSS Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa OSS And BSS Market Overview
10.4.2 Middle East and Africa OSS And BSS Market Forecasts and Analysis
10.4.3 Middle East and Africa OSS And BSS Market Forecasts and Analysis - By Solution
10.4.4 Middle East and Africa OSS And BSS Market Forecasts and Analysis - By Deployment
10.4.5 Middle East and Africa OSS And BSS Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa OSS And BSS Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa OSS And BSS Market
10.4.6.1.1 South Africa OSS And BSS Market by Solution
10.4.6.1.2 South Africa OSS And BSS Market by Deployment
10.4.6.1.3 South Africa OSS And BSS Market by Application
10.4.6.2 Saudi Arabia OSS And BSS Market
10.4.6.2.1 Saudi Arabia OSS And BSS Market by Solution
10.4.6.2.2 Saudi Arabia OSS And BSS Market by Deployment
10.4.6.2.3 Saudi Arabia OSS And BSS Market by Application
10.4.6.3 U.A.E OSS And BSS Market
10.4.6.3.1 U.A.E OSS And BSS Market by Solution
10.4.6.3.2 U.A.E OSS And BSS Market by Deployment
10.4.6.3.3 U.A.E OSS And BSS Market by Application
10.4.6.4 Rest of Middle East and Africa OSS And BSS Market
10.4.6.4.1 Rest of Middle East and Africa OSS And BSS Market by Solution
10.4.6.4.2 Rest of Middle East and Africa OSS And BSS Market by Deployment
10.4.6.4.3 Rest of Middle East and Africa OSS And BSS Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America OSS And BSS Market Overview
10.5.2 South and Central America OSS And BSS Market Forecasts and Analysis
10.5.3 South and Central America OSS And BSS Market Forecasts and Analysis - By Solution
10.5.4 South and Central America OSS And BSS Market Forecasts and Analysis - By Deployment
10.5.5 South and Central America OSS And BSS Market Forecasts and Analysis - By Application
10.5.6 South and Central America OSS And BSS Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil OSS And BSS Market
10.5.6.1.1 Brazil OSS And BSS Market by Solution
10.5.6.1.2 Brazil OSS And BSS Market by Deployment
10.5.6.1.3 Brazil OSS And BSS Market by Application
10.5.6.2 Argentina OSS And BSS Market
10.5.6.2.1 Argentina OSS And BSS Market by Solution
10.5.6.2.2 Argentina OSS And BSS Market by Deployment
10.5.6.2.3 Argentina OSS And BSS Market by Application
10.5.6.3 Rest of South and Central America OSS And BSS Market
10.5.6.3.1 Rest of South and Central America OSS And BSS Market by Solution
10.5.6.3.2 Rest of South and Central America OSS And BSS Market by Deployment
10.5.6.3.3 Rest of South and Central America OSS And BSS Market by Application
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. OSS AND BSS MARKET, KEY COMPANY PROFILES
12.1. ACCENTURE
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. AMDOCS
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. COMARCH SA
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. CSG SYSTEMS INTERNATIONAL, INC.
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. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
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. HUAWEI TECHNOLOGIES CO. LTD.
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. INFOSYS LIMITED
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. NETCRACKER
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. NOKIA
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.Accenture
2.Amdocs
3.Cisco Systems, Inc.
4.Comarch SA
5.CSG Systems International, Inc.
6.Hewlett Packard Enterprise Development LP
7.Huawei Technologies Co. Ltd.
8.Infosys Limited
9.Netcracker
10.Nokia
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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