Contract Lifecycle Management Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

Coverage: Contract Lifecycle Management Market covers analysis By Deployment Mode (On-premises and Cloud), End-User (BFSI, Retail and E-commerce, Healthcare, Manufacturing, and Others), and Geography

  • Report Code : TIPRE00013195
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Contract Lifecycle Management Market Size and CAGR by 2031

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The contract lifecycle management market is expected to register a CAGR of 11.9% during 2023–2031. Cloud-based CLM solutions and mobile-friendly CLM platforms are likely to remain key trends in the market.

Contract Lifecycle Management Market Analysis

  • The global contract lifecycle management market is expected to register stable growth during the period 2022-2026. Contract lifecycle management software acts as a productivity booster.
  • The increase in investment opportunities and the growing popularity of cloud-based contract lifecycle management software are the major growth drivers of the market.
  • NLP model adoption is one of the major trends in the market. Advances in technologies such as AI-ML and Integration with CLM are some other key trends.
  • The contract lifecycle management market is set to rise rapidly by following these trends and taking into account the growth drivers.

Contract Lifecycle Management Market Overview

  • The contract lifecycle management market is a process that manages the contracts of businesses and organizations from origin to destination. The tool's number advantages are more reach and the workflow of the system is an efficient and productive system.
  • Investment from the business into the contract lifecycle software, the market is boosting the market. The market is divided into 5 geographic regions, namely North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
  • Well-known market players in the contract lifecycle management market are Gatekeeper, Conga, Icertis, Integreon, Inc., Wolters Kluwer, and many more.

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Contract Lifecycle Management Market: Strategic Insights

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Contract Lifecycle Management Market Drivers and Opportunities

Rising Demand for Efficient and Cost-Effective Solutions to Favor the Market

  • In the modern approach, contract lifecycle management has been done by running different methodologies which improves efficiency and visibility and reduces the cost. In this automation, the workflow has been done by a task that streamlines the process which will detect.
  • In today's world, organizational efficiency and productivity have been increased, and it is trying to be improved by making efficient and cost-effective approaches.
  • CLM (Contract lifecycle management) software has been used to create a platform where it will be easy to handle all the contracts and their related information.

Incorporation of NLP Technology

  • By connecting the contract lifecycle management software to the NLP tool, the complex and unusual language used in a contract can be simplified and comprehended. NLP allows for faster and more competent review and analysis of the deal of the contract.
  • NLP, along with AI, helps to interpret and analyze complex and aberrant language. Integrating the NLP with CLM software signifies a great opportunity for the market.

Contract Lifecycle Management Market Report Segmentation Analysis

Key segments that contributed to the derivation of the contract lifecycle management market analysis are deployment mode and end-user.

  • Based on deployment mode, the contract lifecycle management market is divided into on-premises and cloud.
  • Based on the end-user, the contract lifecycle management market is divided into BFSI, retail and e-commerce, healthcare, manufacturing, and others.

Contract Lifecycle Management Market Share Analysis by Geography

  • Contract Lifecycle Management Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
  • Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Contract Lifecycle Management market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
  • Also, the report covers PEST analysis, which involves the study of major factors that influence the Contract Lifecycle Management market in these regions.

Contract Lifecycle Management Market Report Scope

Contract Lifecycle Management Market News and Recent Developments

The contract lifecycle management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the contract lifecycle management market are listed below:

  • SirionLabs, the global leader in artificial intelligence (AI)-powered contract lifecycle management (CLM), announced the joining of the contract automation platform Zendoc. The expansion deepens Sirion’s leadership and commitment to the applications of AI in enhancing CLM as a category. The Zendoc team’s knowledge and experience in creating intuitive AI-powered solutions to manage contracts is a valuable addition to Sirion’s engineering and product talent. (Source: SirionLabs, Press Release, November 2022)

Contract Lifecycle Management Market Report Coverage and Deliverables

The “Contract Lifecycle Management Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Contract lifecycle management market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Contract lifecycle management market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Contract lifecycle management market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the contract lifecycle management market
  • Detailed company profiles
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

This text is related
to country scope.

Frequently Asked Questions


What are the deliverable formats of the Contract Lifecycle Management market report?

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

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

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.

Which are the leading players operating in the Contract Lifecycle Management market?

The leading players operating in the contract lifecycle management market are Conga, Wolters Kluwer N.V., Contract Logix, LLC, Coupa Software Inc., Gatekeeper, Icertis, Integreon, Inc., Newgen Software Technologies Limited, Oracle, and Agiloft, Inc.

What are the future trends of the contract lifecycle management market?

Cloud-based CLM solutions and mobile-friendly CLM platforms are likely to remain key trends in the market.

What is the expected CAGR of the contract lifecycle management market?

The global Contract Lifecycle Management market is expected to grow at a CAGR of 11.9% during the forecast period 2023 - 2031.

What are the driving factors impacting the global contract lifecycle management market?

The increasing complexity of business contracts and the need for improved compliance and risk management are expected to drive the contract lifecycle management market.

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 Contract Lifecycle Management Market - By Deployment Mode
1.3.2 Contract Lifecycle Management Market - By End-User
1.3.3 Contract Lifecycle Management Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. CONTRACT LIFECYCLE 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. CONTRACT LIFECYCLE 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. CONTRACT LIFECYCLE MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. CONTRACT LIFECYCLE MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. CONTRACT LIFECYCLE MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. CONTRACT LIFECYCLE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT MODE
7.1. OVERVIEW
7.2. DEPLOYMENT MODE MARKET FORECASTS AND ANALYSIS
7.3. ON-PREMISES
7.3.1. Overview
7.3.2. On-premises Market Forecast and Analysis
7.4. CLOUD
7.4.1. Overview
7.4.2. Cloud Market Forecast and Analysis
8. CONTRACT LIFECYCLE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. RETAIL AND E-COMMERCE
8.4.1. Overview
8.4.2. Retail and E-commerce Market Forecast and Analysis
8.5. HEALTHCARE
8.5.1. Overview
8.5.2. Healthcare Market Forecast and Analysis
8.6. MANUFACTURING
8.6.1. Overview
8.6.2. Manufacturing Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. CONTRACT LIFECYCLE MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Contract Lifecycle Management Market Overview
9.1.2 North America Contract Lifecycle Management Market Forecasts and Analysis
9.1.3 North America Contract Lifecycle Management Market Forecasts and Analysis - By Deployment Mode
9.1.4 North America Contract Lifecycle Management Market Forecasts and Analysis - By End-User
9.1.5 North America Contract Lifecycle Management Market Forecasts and Analysis - By Countries
9.1.5.1 United States Contract Lifecycle Management Market
9.1.5.1.1 United States Contract Lifecycle Management Market by Deployment Mode
9.1.5.1.2 United States Contract Lifecycle Management Market by End-User
9.1.5.2 Canada Contract Lifecycle Management Market
9.1.5.2.1 Canada Contract Lifecycle Management Market by Deployment Mode
9.1.5.2.2 Canada Contract Lifecycle Management Market by End-User
9.1.5.3 Mexico Contract Lifecycle Management Market
9.1.5.3.1 Mexico Contract Lifecycle Management Market by Deployment Mode
9.1.5.3.2 Mexico Contract Lifecycle Management Market by End-User
9.2. EUROPE
9.2.1 Europe Contract Lifecycle Management Market Overview
9.2.2 Europe Contract Lifecycle Management Market Forecasts and Analysis
9.2.3 Europe Contract Lifecycle Management Market Forecasts and Analysis - By Deployment Mode
9.2.4 Europe Contract Lifecycle Management Market Forecasts and Analysis - By End-User
9.2.5 Europe Contract Lifecycle Management Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Contract Lifecycle Management Market
9.2.5.1.1 Germany Contract Lifecycle Management Market by Deployment Mode
9.2.5.1.2 Germany Contract Lifecycle Management Market by End-User
9.2.5.2 France Contract Lifecycle Management Market
9.2.5.2.1 France Contract Lifecycle Management Market by Deployment Mode
9.2.5.2.2 France Contract Lifecycle Management Market by End-User
9.2.5.3 Italy Contract Lifecycle Management Market
9.2.5.3.1 Italy Contract Lifecycle Management Market by Deployment Mode
9.2.5.3.2 Italy Contract Lifecycle Management Market by End-User
9.2.5.4 United Kingdom Contract Lifecycle Management Market
9.2.5.4.1 United Kingdom Contract Lifecycle Management Market by Deployment Mode
9.2.5.4.2 United Kingdom Contract Lifecycle Management Market by End-User
9.2.5.5 Russia Contract Lifecycle Management Market
9.2.5.5.1 Russia Contract Lifecycle Management Market by Deployment Mode
9.2.5.5.2 Russia Contract Lifecycle Management Market by End-User
9.2.5.6 Rest of Europe Contract Lifecycle Management Market
9.2.5.6.1 Rest of Europe Contract Lifecycle Management Market by Deployment Mode
9.2.5.6.2 Rest of Europe Contract Lifecycle Management Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Contract Lifecycle Management Market Overview
9.3.2 Asia-Pacific Contract Lifecycle Management Market Forecasts and Analysis
9.3.3 Asia-Pacific Contract Lifecycle Management Market Forecasts and Analysis - By Deployment Mode
9.3.4 Asia-Pacific Contract Lifecycle Management Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Contract Lifecycle Management Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Contract Lifecycle Management Market
9.3.5.1.1 Australia Contract Lifecycle Management Market by Deployment Mode
9.3.5.1.2 Australia Contract Lifecycle Management Market by End-User
9.3.5.2 China Contract Lifecycle Management Market
9.3.5.2.1 China Contract Lifecycle Management Market by Deployment Mode
9.3.5.2.2 China Contract Lifecycle Management Market by End-User
9.3.5.3 India Contract Lifecycle Management Market
9.3.5.3.1 India Contract Lifecycle Management Market by Deployment Mode
9.3.5.3.2 India Contract Lifecycle Management Market by End-User
9.3.5.4 Japan Contract Lifecycle Management Market
9.3.5.4.1 Japan Contract Lifecycle Management Market by Deployment Mode
9.3.5.4.2 Japan Contract Lifecycle Management Market by End-User
9.3.5.5 South Korea Contract Lifecycle Management Market
9.3.5.5.1 South Korea Contract Lifecycle Management Market by Deployment Mode
9.3.5.5.2 South Korea Contract Lifecycle Management Market by End-User
9.3.5.6 Rest of Asia-Pacific Contract Lifecycle Management Market
9.3.5.6.1 Rest of Asia-Pacific Contract Lifecycle Management Market by Deployment Mode
9.3.5.6.2 Rest of Asia-Pacific Contract Lifecycle Management Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Contract Lifecycle Management Market Overview
9.4.2 Middle East and Africa Contract Lifecycle Management Market Forecasts and Analysis
9.4.3 Middle East and Africa Contract Lifecycle Management Market Forecasts and Analysis - By Deployment Mode
9.4.4 Middle East and Africa Contract Lifecycle Management Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Contract Lifecycle Management Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Contract Lifecycle Management Market
9.4.5.1.1 South Africa Contract Lifecycle Management Market by Deployment Mode
9.4.5.1.2 South Africa Contract Lifecycle Management Market by End-User
9.4.5.2 Saudi Arabia Contract Lifecycle Management Market
9.4.5.2.1 Saudi Arabia Contract Lifecycle Management Market by Deployment Mode
9.4.5.2.2 Saudi Arabia Contract Lifecycle Management Market by End-User
9.4.5.3 U.A.E Contract Lifecycle Management Market
9.4.5.3.1 U.A.E Contract Lifecycle Management Market by Deployment Mode
9.4.5.3.2 U.A.E Contract Lifecycle Management Market by End-User
9.4.5.4 Rest of Middle East and Africa Contract Lifecycle Management Market
9.4.5.4.1 Rest of Middle East and Africa Contract Lifecycle Management Market by Deployment Mode
9.4.5.4.2 Rest of Middle East and Africa Contract Lifecycle Management Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Contract Lifecycle Management Market Overview
9.5.2 South and Central America Contract Lifecycle Management Market Forecasts and Analysis
9.5.3 South and Central America Contract Lifecycle Management Market Forecasts and Analysis - By Deployment Mode
9.5.4 South and Central America Contract Lifecycle Management Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Contract Lifecycle Management Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Contract Lifecycle Management Market
9.5.5.1.1 Brazil Contract Lifecycle Management Market by Deployment Mode
9.5.5.1.2 Brazil Contract Lifecycle Management Market by End-User
9.5.5.2 Argentina Contract Lifecycle Management Market
9.5.5.2.1 Argentina Contract Lifecycle Management Market by Deployment Mode
9.5.5.2.2 Argentina Contract Lifecycle Management Market by End-User
9.5.5.3 Rest of South and Central America Contract Lifecycle Management Market
9.5.5.3.1 Rest of South and Central America Contract Lifecycle Management Market by Deployment Mode
9.5.5.3.2 Rest of South and Central America Contract Lifecycle Management Market by End-User

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. CONTRACT LIFECYCLE MANAGEMENT MARKET, KEY COMPANY PROFILES
11.1. CONGA
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. WOLTERS KLUWER N.V.
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. CONTRACT LOGIX, LLC
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. COUPA SOFTWARE INC.
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. GATEKEEPER
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. ICERTIS
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. INTEGREON, INC.
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. NEWGEN SOFTWARE TECHNOLOGIES LIMITED
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. ORACLE
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. ZYCUS INC.
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

The List of Companies

1. Conga
2. Wolters Kluwer N.V.
3. Contract Logix, LLC
4. Coupa Software Inc.
5. Gatekeeper
6. Icertis
7. Integreon, Inc.
8. Newgen Software Technologies Limited
9. Oracle
10. Zycus Inc.

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.

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