Physical Identity and Access Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Physical Identity and Access Management (PIAM) is user provisioning and access management solution, which ensures every physical identity across an organization has the right access to the right areas at the right time. As on nowadays, organizations want to maintain authenticity, smooth data sharing, and to avoid fraud and unauthorized access in their systems and this demands is giving rise to the physical identity and access management market.
MARKET SCOPE
The "Global Physical Identity and Access Management Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the physical identity and access management market with detailed market segmentation by offering type, vertical, and geography. The report provides key statistics on the market status of the leading physical identity and access management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on offering type, the global physical identity and access management market is segmented into software market and services market.
- On the basis of vertical, the market is segmented into airport, utilities, government, IT and telecom, BFSI, education, transportation and logistics, defense and security, and others.
MARKET DYNAMICS
Drivers:
- Rising need for physical identification, authentication, and access management is expected to remain the dominant force driving the demand for physical identity and access management.
- Furthermore, increasing in order to safeguard the system from outside threats, such as unauthorized users then Increase in technology and product developments, compliance mandates from government, and management of massive on-site visitors and contractors are accelerating the importance of secure access throughout the organization, which in turn is expected will generate colossal demand of the physical identity and access management market.
Restraints:
- High initial cost may hinder the growth of the physical identity and access management market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The physical identity and access management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the physical identity and access management market in these regions.
IMPACT OF COVID-19 ON PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The physical identity and access management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the physical identity and access management market in these regions.
IMPACT OF COVID-19 ON PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the physical identity and access management 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 the expansion of business and customer base of market players. The market players from physical identity and access management market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the physical identity and access management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Access Security Corporation
- AlertEnterprise, Inc.
- CyberArk Software Ltd.
- Fischer International Identity, LLC.
- HID Global Corporation, an ASSA ABLOY group company,
- IDCUBE Identification Systems (P) Ltd.
- Identity Automation
- Micro Focus
- OneLogin, Inc.
- Thales Group
- 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 Physical Identity And Access Management Market - By Offering Type
1.3.2 Physical Identity And Access Management Market - By Vertical
1.3.3 Physical Identity And Access Management Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PHYSICAL IDENTITY AND ACCESS MANAGEMENT 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. PHYSICAL IDENTITY AND ACCESS MANAGEMENT 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. PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. PHYSICAL IDENTITY AND ACCESS MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. PHYSICAL IDENTITY AND ACCESS MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING TYPE
7.1. OVERVIEW
7.2. OFFERING TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE MARKET
7.3.1. Overview
7.3.2. Software Market Market Forecast and Analysis
7.4. SERVICES MARKET
7.4.1. Overview
7.4.2. Services Market Market Forecast and Analysis
8. PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - VERTICAL
8.1. OVERVIEW
8.2. VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. AIRPORT
8.3.1. Overview
8.3.2. Airport Market Forecast and Analysis
8.4. UTILITIES
8.4.1. Overview
8.4.2. Utilities Market Forecast and Analysis
8.5. GOVERNMENT
8.5.1. Overview
8.5.2. Government 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. BFSI
8.7.1. Overview
8.7.2. BFSI Market Forecast and Analysis
8.8. EDUCATION
8.8.1. Overview
8.8.2. Education Market Forecast and Analysis
8.9. TRANSPORTATION AND LOGISTICS
8.9.1. Overview
8.9.2. Transportation and Logistics Market Forecast and Analysis
8.10. DEFENSE AND SECURITY
8.10.1. Overview
8.10.2. Defense and Security Market Forecast and Analysis
8.11. OTHERS
8.11.1. Overview
8.11.2. Others Market Forecast and Analysis
9. PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Physical Identity And Access Management Market Overview
9.1.2 North America Physical Identity And Access Management Market Forecasts and Analysis
9.1.3 North America Physical Identity And Access Management Market Forecasts and Analysis - By Offering Type
9.1.4 North America Physical Identity And Access Management Market Forecasts and Analysis - By Vertical
9.1.5 North America Physical Identity And Access Management Market Forecasts and Analysis - By Countries
9.1.5.1 United States Physical Identity And Access Management Market
9.1.5.1.1 United States Physical Identity And Access Management Market by Offering Type
9.1.5.1.2 United States Physical Identity And Access Management Market by Vertical
9.1.5.2 Canada Physical Identity And Access Management Market
9.1.5.2.1 Canada Physical Identity And Access Management Market by Offering Type
9.1.5.2.2 Canada Physical Identity And Access Management Market by Vertical
9.1.5.3 Mexico Physical Identity And Access Management Market
9.1.5.3.1 Mexico Physical Identity And Access Management Market by Offering Type
9.1.5.3.2 Mexico Physical Identity And Access Management Market by Vertical
9.2. EUROPE
9.2.1 Europe Physical Identity And Access Management Market Overview
9.2.2 Europe Physical Identity And Access Management Market Forecasts and Analysis
9.2.3 Europe Physical Identity And Access Management Market Forecasts and Analysis - By Offering Type
9.2.4 Europe Physical Identity And Access Management Market Forecasts and Analysis - By Vertical
9.2.5 Europe Physical Identity And Access Management Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Physical Identity And Access Management Market
9.2.5.1.1 Germany Physical Identity And Access Management Market by Offering Type
9.2.5.1.2 Germany Physical Identity And Access Management Market by Vertical
9.2.5.2 France Physical Identity And Access Management Market
9.2.5.2.1 France Physical Identity And Access Management Market by Offering Type
9.2.5.2.2 France Physical Identity And Access Management Market by Vertical
9.2.5.3 Italy Physical Identity And Access Management Market
9.2.5.3.1 Italy Physical Identity And Access Management Market by Offering Type
9.2.5.3.2 Italy Physical Identity And Access Management Market by Vertical
9.2.5.4 United Kingdom Physical Identity And Access Management Market
9.2.5.4.1 United Kingdom Physical Identity And Access Management Market by Offering Type
9.2.5.4.2 United Kingdom Physical Identity And Access Management Market by Vertical
9.2.5.5 Russia Physical Identity And Access Management Market
9.2.5.5.1 Russia Physical Identity And Access Management Market by Offering Type
9.2.5.5.2 Russia Physical Identity And Access Management Market by Vertical
9.2.5.6 Rest of Europe Physical Identity And Access Management Market
9.2.5.6.1 Rest of Europe Physical Identity And Access Management Market by Offering Type
9.2.5.6.2 Rest of Europe Physical Identity And Access Management Market by Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Physical Identity And Access Management Market Overview
9.3.2 Asia-Pacific Physical Identity And Access Management Market Forecasts and Analysis
9.3.3 Asia-Pacific Physical Identity And Access Management Market Forecasts and Analysis - By Offering Type
9.3.4 Asia-Pacific Physical Identity And Access Management Market Forecasts and Analysis - By Vertical
9.3.5 Asia-Pacific Physical Identity And Access Management Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Physical Identity And Access Management Market
9.3.5.1.1 Australia Physical Identity And Access Management Market by Offering Type
9.3.5.1.2 Australia Physical Identity And Access Management Market by Vertical
9.3.5.2 China Physical Identity And Access Management Market
9.3.5.2.1 China Physical Identity And Access Management Market by Offering Type
9.3.5.2.2 China Physical Identity And Access Management Market by Vertical
9.3.5.3 India Physical Identity And Access Management Market
9.3.5.3.1 India Physical Identity And Access Management Market by Offering Type
9.3.5.3.2 India Physical Identity And Access Management Market by Vertical
9.3.5.4 Japan Physical Identity And Access Management Market
9.3.5.4.1 Japan Physical Identity And Access Management Market by Offering Type
9.3.5.4.2 Japan Physical Identity And Access Management Market by Vertical
9.3.5.5 South Korea Physical Identity And Access Management Market
9.3.5.5.1 South Korea Physical Identity And Access Management Market by Offering Type
9.3.5.5.2 South Korea Physical Identity And Access Management Market by Vertical
9.3.5.6 Rest of Asia-Pacific Physical Identity And Access Management Market
9.3.5.6.1 Rest of Asia-Pacific Physical Identity And Access Management Market by Offering Type
9.3.5.6.2 Rest of Asia-Pacific Physical Identity And Access Management Market by Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Physical Identity And Access Management Market Overview
9.4.2 Middle East and Africa Physical Identity And Access Management Market Forecasts and Analysis
9.4.3 Middle East and Africa Physical Identity And Access Management Market Forecasts and Analysis - By Offering Type
9.4.4 Middle East and Africa Physical Identity And Access Management Market Forecasts and Analysis - By Vertical
9.4.5 Middle East and Africa Physical Identity And Access Management Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Physical Identity And Access Management Market
9.4.5.1.1 South Africa Physical Identity And Access Management Market by Offering Type
9.4.5.1.2 South Africa Physical Identity And Access Management Market by Vertical
9.4.5.2 Saudi Arabia Physical Identity And Access Management Market
9.4.5.2.1 Saudi Arabia Physical Identity And Access Management Market by Offering Type
9.4.5.2.2 Saudi Arabia Physical Identity And Access Management Market by Vertical
9.4.5.3 U.A.E Physical Identity And Access Management Market
9.4.5.3.1 U.A.E Physical Identity And Access Management Market by Offering Type
9.4.5.3.2 U.A.E Physical Identity And Access Management Market by Vertical
9.4.5.4 Rest of Middle East and Africa Physical Identity And Access Management Market
9.4.5.4.1 Rest of Middle East and Africa Physical Identity And Access Management Market by Offering Type
9.4.5.4.2 Rest of Middle East and Africa Physical Identity And Access Management Market by Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Physical Identity And Access Management Market Overview
9.5.2 South and Central America Physical Identity And Access Management Market Forecasts and Analysis
9.5.3 South and Central America Physical Identity And Access Management Market Forecasts and Analysis - By Offering Type
9.5.4 South and Central America Physical Identity And Access Management Market Forecasts and Analysis - By Vertical
9.5.5 South and Central America Physical Identity And Access Management Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Physical Identity And Access Management Market
9.5.5.1.1 Brazil Physical Identity And Access Management Market by Offering Type
9.5.5.1.2 Brazil Physical Identity And Access Management Market by Vertical
9.5.5.2 Argentina Physical Identity And Access Management Market
9.5.5.2.1 Argentina Physical Identity And Access Management Market by Offering Type
9.5.5.2.2 Argentina Physical Identity And Access Management Market by Vertical
9.5.5.3 Rest of South and Central America Physical Identity And Access Management Market
9.5.5.3.1 Rest of South and Central America Physical Identity And Access Management Market by Offering Type
9.5.5.3.2 Rest of South and Central America Physical Identity And Access Management Market by Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET, KEY COMPANY PROFILES
11.1. ACCESS SECURITY CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ALERTENTERPRISE, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CYBERARK SOFTWARE LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FISCHER INTERNATIONAL IDENTITY, LLC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HID GLOBAL CORPORATION, AN ASSA ABLOY GROUP COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IDCUBE IDENTIFICATION SYSTEMS (P) LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IDENTITY AUTOMATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MICRO FOCUS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ONELOGIN, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THALES GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and 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
1.Access Security Corporation
2.AlertEnterprise, Inc.
3.CyberArk Software Ltd.
4.Fischer International Identity, LLC.
5.HID Global Corporation, an ASSA ABLOY group company
6.IDCUBE Identification Systems (P) Ltd.
7.Identity Automation
8.Micro Focus
9.OneLogin, Inc.
10.Thales Group
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.
Get Free Sample For