Smart grid networking Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The smart grid networking is the bi-directional flow of electricity and information. These networking solutions are useful for utility operators in forecasting the expected electricity demand for commercial, residential, and industrial purposes during peak hours. With the growing number of industries and consumers, power demand is expected to rise exponentially in the future and it will in turn create the need for efficient networking. Besides, shifting focus towards consumption of renewable energy across the globe is resulting in rapid replacement of traditional grids with smart grids and deployment of smart grid networking.
MARKET DYNAMICS
The smart grid networking market is anticipated to grow in the forecast period owing to driving factors such as increasing focus on renewable energy generation coupled with high demand for peak-hour electricity. Also, environmental concerns associated with non-renewable energy generation are likely to favor the growth of the smart grid networking market. However, associated high cost and cyber security are some challenges faced by the market during the forecast period. On the other hand, ongoing major upgradation of projects for installation of smart grids offer substantial opportunities for market players.
MARKET SCOPE
The "Global Smart Grid Networking Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart grid networking market with detailed market segmentation by hardware, software, service, and geography. The global smart grid networking market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart grid networking market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global smart grid networking market is segmented on the basis of hardware, software, and service. Based on hardware, the market is segmented as controllers, cables, routers, and others. On the basis of the software, the market is segmented as IP address management, network traffic management, network security management, network device management, and network configuration management. The market on the basis of the service is classified as network planning, network risk and security assessment, design and integration, and network maintenance.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart grid networking market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart grid networking 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 smart grid networking 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 & Central America after evaluating political, economic, social and technological factors affecting the smart grid networking market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart grid networking market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart grid networking 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 smart grid networking 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 & Central America after evaluating political, economic, social and technological factors affecting the smart grid networking market in these regions.
MARKET PLAYERS
The reports cover key developments in the smart grid networking 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 the way for the expansion of business and customer base of market players. The market players from smart grid networking market are anticipated to lucrative growth opportunities in the future with the rising demand for smart grid networking in the global market. Below mentioned is the list of few companies engaged in the smart grid networking market.
The report also includes the profiles of key smart grid networking companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- ABB Group
- Cisco Systems, Inc.
- Fujitsu Limited
- General Electric Company
- Huawei Technologies Co., Ltd.
- Itron Inc.
- Mitsubishi Electric Corporation
- Nokia
- Schneider Electric
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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to country scope.
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 Smart Grid Networking Market - By Hardware
1.3.2 Smart Grid Networking Market - By Software
1.3.3 Smart Grid Networking Market - By Service
1.3.4 Smart Grid Networking Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SMART GRID NETWORKING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMART GRID NETWORKING 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. SMART GRID NETWORKING MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART GRID NETWORKING - GLOBAL MARKET OVERVIEW
6.2. SMART GRID NETWORKING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART GRID NETWORKING MARKET - REVENUE AND FORECASTS TO 2028 - HARDWARE
7.1. OVERVIEW
7.2. HARDWARE MARKET FORECASTS AND ANALYSIS
7.3. CONTROLLERS
7.3.1. Overview
7.3.2. Controllers Market Forecast and Analysis
7.4. CABLES
7.4.1. Overview
7.4.2. Cables Market Forecast and Analysis
7.5. ROUTERS
7.5.1. Overview
7.5.2. Routers Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SMART GRID NETWORKING MARKET - REVENUE AND FORECASTS TO 2028 - SOFTWARE
8.1. OVERVIEW
8.2. SOFTWARE MARKET FORECASTS AND ANALYSIS
8.3. IP ADDRESS MANAGEMENT
8.3.1. Overview
8.3.2. IP address management Market Forecast and Analysis
8.4. NETWORK TRAFFIC MANAGEMENT
8.4.1. Overview
8.4.2. Network traffic management Market Forecast and Analysis
8.5. NETWORK SECURITY MANAGEMENT
8.5.1. Overview
8.5.2. Network security management Market Forecast and Analysis
8.6. NETWORK DEVICE MANAGEMENT
8.6.1. Overview
8.6.2. Network device management Market Forecast and Analysis
8.7. NETWORK CONFIGURATION MANAGEMENT
8.7.1. Overview
8.7.2. Network configuration management Market Forecast and Analysis
9. SMART GRID NETWORKING MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
9.1. OVERVIEW
9.2. SERVICE MARKET FORECASTS AND ANALYSIS
9.3. NETWORK PLANNING
9.3.1. Overview
9.3.2. Network planning Market Forecast and Analysis
9.4. NETWORK RISK AND SECURITY ASSESSMENT
9.4.1. Overview
9.4.2. Network risk and security assessment Market Forecast and Analysis
9.5. DESIGN AND INTEGRATION
9.5.1. Overview
9.5.2. Design and integration Market Forecast and Analysis
9.6. NETWORK MAINTENANCE
9.6.1. Overview
9.6.2. Network maintenance Market Forecast and Analysis
10. SMART GRID NETWORKING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Smart Grid Networking Market Overview
10.1.2 North America Smart Grid Networking Market Forecasts and Analysis
10.1.3 North America Smart Grid Networking Market Forecasts and Analysis - By Hardware
10.1.4 North America Smart Grid Networking Market Forecasts and Analysis - By Software
10.1.5 North America Smart Grid Networking Market Forecasts and Analysis - By Service
10.1.6 North America Smart Grid Networking Market Forecasts and Analysis - By Countries
10.1.6.1 United States Smart Grid Networking Market
10.1.6.1.1 United States Smart Grid Networking Market by Hardware
10.1.6.1.2 United States Smart Grid Networking Market by Software
10.1.6.1.3 United States Smart Grid Networking Market by Service
10.1.6.2 Canada Smart Grid Networking Market
10.1.6.2.1 Canada Smart Grid Networking Market by Hardware
10.1.6.2.2 Canada Smart Grid Networking Market by Software
10.1.6.2.3 Canada Smart Grid Networking Market by Service
10.1.6.3 Mexico Smart Grid Networking Market
10.1.6.3.1 Mexico Smart Grid Networking Market by Hardware
10.1.6.3.2 Mexico Smart Grid Networking Market by Software
10.1.6.3.3 Mexico Smart Grid Networking Market by Service
10.2. EUROPE
10.2.1 Europe Smart Grid Networking Market Overview
10.2.2 Europe Smart Grid Networking Market Forecasts and Analysis
10.2.3 Europe Smart Grid Networking Market Forecasts and Analysis - By Hardware
10.2.4 Europe Smart Grid Networking Market Forecasts and Analysis - By Software
10.2.5 Europe Smart Grid Networking Market Forecasts and Analysis - By Service
10.2.6 Europe Smart Grid Networking Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Smart Grid Networking Market
10.2.6.1.1 Germany Smart Grid Networking Market by Hardware
10.2.6.1.2 Germany Smart Grid Networking Market by Software
10.2.6.1.3 Germany Smart Grid Networking Market by Service
10.2.6.2 France Smart Grid Networking Market
10.2.6.2.1 France Smart Grid Networking Market by Hardware
10.2.6.2.2 France Smart Grid Networking Market by Software
10.2.6.2.3 France Smart Grid Networking Market by Service
10.2.6.3 Italy Smart Grid Networking Market
10.2.6.3.1 Italy Smart Grid Networking Market by Hardware
10.2.6.3.2 Italy Smart Grid Networking Market by Software
10.2.6.3.3 Italy Smart Grid Networking Market by Service
10.2.6.4 United Kingdom Smart Grid Networking Market
10.2.6.4.1 United Kingdom Smart Grid Networking Market by Hardware
10.2.6.4.2 United Kingdom Smart Grid Networking Market by Software
10.2.6.4.3 United Kingdom Smart Grid Networking Market by Service
10.2.6.5 Russia Smart Grid Networking Market
10.2.6.5.1 Russia Smart Grid Networking Market by Hardware
10.2.6.5.2 Russia Smart Grid Networking Market by Software
10.2.6.5.3 Russia Smart Grid Networking Market by Service
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Smart Grid Networking Market Overview
10.3.2 Asia-Pacific Smart Grid Networking Market Forecasts and Analysis
10.3.3 Asia-Pacific Smart Grid Networking Market Forecasts and Analysis - By Hardware
10.3.4 Asia-Pacific Smart Grid Networking Market Forecasts and Analysis - By Software
10.3.5 Asia-Pacific Smart Grid Networking Market Forecasts and Analysis - By Service
10.3.6 Asia-Pacific Smart Grid Networking Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Smart Grid Networking Market
10.3.6.1.1 Australia Smart Grid Networking Market by Hardware
10.3.6.1.2 Australia Smart Grid Networking Market by Software
10.3.6.1.3 Australia Smart Grid Networking Market by Service
10.3.6.2 China Smart Grid Networking Market
10.3.6.2.1 China Smart Grid Networking Market by Hardware
10.3.6.2.2 China Smart Grid Networking Market by Software
10.3.6.2.3 China Smart Grid Networking Market by Service
10.3.6.3 India Smart Grid Networking Market
10.3.6.3.1 India Smart Grid Networking Market by Hardware
10.3.6.3.2 India Smart Grid Networking Market by Software
10.3.6.3.3 India Smart Grid Networking Market by Service
10.3.6.4 Japan Smart Grid Networking Market
10.3.6.4.1 Japan Smart Grid Networking Market by Hardware
10.3.6.4.2 Japan Smart Grid Networking Market by Software
10.3.6.4.3 Japan Smart Grid Networking Market by Service
10.3.6.5 South Korea Smart Grid Networking Market
10.3.6.5.1 South Korea Smart Grid Networking Market by Hardware
10.3.6.5.2 South Korea Smart Grid Networking Market by Software
10.3.6.5.3 South Korea Smart Grid Networking Market by Service
10.3.6.6 Rest of Asia-Pacific Smart Grid Networking Market
10.3.6.6.1 Rest of Asia-Pacific Smart Grid Networking Market by Hardware
10.3.6.6.2 Rest of Asia-Pacific Smart Grid Networking Market by Software
10.3.6.6.3 Rest of Asia-Pacific Smart Grid Networking Market by Service
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Smart Grid Networking Market Overview
10.4.2 Middle East and Africa Smart Grid Networking Market Forecasts and Analysis
10.4.3 Middle East and Africa Smart Grid Networking Market Forecasts and Analysis - By Hardware
10.4.4 Middle East and Africa Smart Grid Networking Market Forecasts and Analysis - By Software
10.4.5 Middle East and Africa Smart Grid Networking Market Forecasts and Analysis - By Service
10.4.6 Middle East and Africa Smart Grid Networking Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Smart Grid Networking Market
10.4.6.1.1 South Africa Smart Grid Networking Market by Hardware
10.4.6.1.2 South Africa Smart Grid Networking Market by Software
10.4.6.1.3 South Africa Smart Grid Networking Market by Service
10.4.6.2 Saudi Arabia Smart Grid Networking Market
10.4.6.2.1 Saudi Arabia Smart Grid Networking Market by Hardware
10.4.6.2.2 Saudi Arabia Smart Grid Networking Market by Software
10.4.6.2.3 Saudi Arabia Smart Grid Networking Market by Service
10.4.6.3 U.A.E Smart Grid Networking Market
10.4.6.3.1 U.A.E Smart Grid Networking Market by Hardware
10.4.6.3.2 U.A.E Smart Grid Networking Market by Software
10.4.6.3.3 U.A.E Smart Grid Networking Market by Service
10.4.6.4 Rest of Middle East and Africa Smart Grid Networking Market
10.4.6.4.1 Rest of Middle East and Africa Smart Grid Networking Market by Hardware
10.4.6.4.2 Rest of Middle East and Africa Smart Grid Networking Market by Software
10.4.6.4.3 Rest of Middle East and Africa Smart Grid Networking Market by Service
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Smart Grid Networking Market Overview
10.5.2 South and Central America Smart Grid Networking Market Forecasts and Analysis
10.5.3 South and Central America Smart Grid Networking Market Forecasts and Analysis - By Hardware
10.5.4 South and Central America Smart Grid Networking Market Forecasts and Analysis - By Software
10.5.5 South and Central America Smart Grid Networking Market Forecasts and Analysis - By Service
10.5.6 South and Central America Smart Grid Networking Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Smart Grid Networking Market
10.5.6.1.1 Brazil Smart Grid Networking Market by Hardware
10.5.6.1.2 Brazil Smart Grid Networking Market by Software
10.5.6.1.3 Brazil Smart Grid Networking Market by Service
10.5.6.2 Argentina Smart Grid Networking Market
10.5.6.2.1 Argentina Smart Grid Networking Market by Hardware
10.5.6.2.2 Argentina Smart Grid Networking Market by Software
10.5.6.2.3 Argentina Smart Grid Networking Market by Service
10.5.6.3 Rest of South and Central America Smart Grid Networking Market
10.5.6.3.1 Rest of South and Central America Smart Grid Networking Market by Hardware
10.5.6.3.2 Rest of South and Central America Smart Grid Networking Market by Software
10.5.6.3.3 Rest of South and Central America Smart Grid Networking Market by Service
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. SMART GRID NETWORKING MARKET, KEY COMPANY PROFILES
12.1. ABB GROUP
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. CISCO SYSTEMS, INC.
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. FUJITSU LIMITED
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. GENERAL ELECTRIC COMPANY
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. HUAWEI TECHNOLOGIES CO., LTD.
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. ITRON INC.
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. MITSUBISHI ELECTRIC 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. NOKIA
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. SCHNEIDER ELECTRIC
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. SIEMENS AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
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.