The Personal Emergency Response Systems Market is expected to register a CAGR of 9.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Landline PERS, Mobile PERS, Standalone PERS); End User (Home-Based Users, Senior Living Facilities, Assisted Living Facilities). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Personal Emergency Response Systems 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.
Personal Emergency Response Systems Market Segmentation
Type- Landline PERS
- Mobile PERS
- Standalone PERS
- Home-Based Users
- Senior Living Facilities
- Assisted Living Facilities
Strategic Insights
Personal Emergency Response Systems Market Growth Drivers- Increasing Elderly Population: The increasing number of people on the planet who are older than 65. For instance, according to the United Nations (UN), the population aged 60 years or more is predicted to more than double by 2050. This demographic group may be involved in health-related emergencies more frequently than others, causing many to consider PERS as an integral part of independent living.
- Growing Need for Chronic Disease Management: A wearable PERS system is essential for older adults with chronic illnesses or mobility limitations such as heart diseases or diabetes. These systems are not only considered helpful for the users but also for the family members as they allow instant access to emergency service during sudden medical attacks, falls, or other health crises.
- Technological Advancements: Numerous PERS systems have become frunctional elements of the Internet of Things (IoT), thus enabling the integration and interoperability with other equipment used in home health care such as medical monitors, smart sensor systems, emergency alert systems etc., thereby enhancing real-time health management of an individual. Technology improvements have brought a lot of changes when it comes to the PERS devices. These modern systems include Fall Detection systems, GPS tracking systems, two-way communications, automatic alerts, and smart integrated homes. Such developments in the innovation of technologies make PERS systems effective and simplify their usage.
- Shift Toward Smart, Connected PERS Solutions: A major trend in the PERS market is the shift toward smart, connected systems that go beyond basic emergency alerts. These devices are becoming more integrated with smart home technologies, health devices, and mobile apps. Features like real-time location tracking, voice activation, geofencing, and notifications sent to family members or caregivers are becoming more common. This integration with smart home and IoT ecosystems allows for a more seamless and effective emergency response, enhancing the overall user experience.
- Rising Healthcare Costs and Insurance Policies : By delivering immediate assistance at the time of a medical emergency, PERS systems help in reducing the chances of well-timed costly interventions and therefore save against hospitalization or the level of health incident. This attribute of PERS is advantageous to every person as well as the health care industry. More and more insurance companies are now covering the costs of PERS devices or reducing the premiums for those who use them. This contributes to increased adoption especially in the older generation and the sickly people.
- Integration with Healthcare and Telemedicine Services: There is a growing opportunity for PERS providers to integrate their systems with healthcare services and telemedicine platforms. By combining PERS devices with telehealth and remote monitoring solutions, users can access not only emergency help but also continuous healthcare support. This integration allows for real-time health monitoring, enabling faster response times and better outcomes for users in need of medical attention. The expansion of telemedicine services offers a significant opportunity for PERS companies to diversify their product offerings and provide comprehensive care solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Personal Emergency Response Systems 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 Personal Emergency Response Systems 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- 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
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
The technological advancements such as innovation in IoT and Connectivity is anticipated to play a significant role in the global Personal Emergency Response Systems market in the coming years
The major factors driving the Personal Emergency Response Systems market are Increasing Elderly Population and Growing Need for Chronic Disease Management.
The Personal Emergency Response Systems Market is estimated to witness a CAGR of 9.4% from 2023 to 2031
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Personal Emergency Response Systems Market - By Type
1.3.2 Personal Emergency Response Systems Market - By End User
1.3.3 Personal Emergency Response Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PERSONAL EMERGENCY RESPONSE SYSTEMS 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. PERSONAL EMERGENCY RESPONSE SYSTEMS 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. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. PERSONAL EMERGENCY RESPONSE SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. PERSONAL EMERGENCY RESPONSE SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LANDLINE PERS
7.3.1. Overview
7.3.2. Landline PERS Market Forecast and Analysis
7.4. MOBILE PERS
7.4.1. Overview
7.4.2. Mobile PERS Market Forecast and Analysis
7.4.3. Wireless Emergency Response System Market
7.4.3.1. Overview
7.4.3.2. Wireless Emergency Response System Market Forecast and Analysis
7.4.4. Cellular Emergency Response System Market
7.4.4.1. Overview
7.4.4.2. Cellular Emergency Response System Market Forecast and Analysis
7.4.5. GPS-Based Emergency Response System Market
7.4.5.1. Overview
7.4.5.2. GPS-Based Emergency Response System Market Forecast and Analysis
7.5. STANDALONE PERS
7.5.1. Overview
7.5.2. Standalone PERS Market Forecast and Analysis
7.5.3. Transmitters Market
7.5.3.1. Overview
7.5.3.2. Transmitters Market Forecast and Analysis
7.5.4. Standalone Voice Communicator Market
7.5.4.1. Overview
7.5.4.2. Standalone Voice Communicator Market Forecast and Analysis
7.5.5. Wandering System Market
7.5.5.1. Overview
7.5.5.2. Wandering System Market Forecast and Analysis
7.5.6. R- Cube/V-Cube Monitoring System Market
7.5.6.1. Overview
7.5.6.2. R- Cube/V-Cube Monitoring System Market Forecast and Analysis
8. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOME-BASED USERS
8.3.1. Overview
8.3.2. Home-Based Users Market Forecast and Analysis
8.4. SENIOR LIVING FACILITIES
8.4.1. Overview
8.4.2. Senior Living Facilities Market Forecast and Analysis
8.5. ASSISTED LIVING FACILITIES
8.5.1. Overview
8.5.2. Assisted Living Facilities Market Forecast and Analysis
9. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Personal Emergency Response Systems Market Overview
9.1.2 North America Personal Emergency Response Systems Market Forecasts and Analysis
9.1.3 North America Personal Emergency Response Systems Market Forecasts and Analysis - By Type
9.1.4 North America Personal Emergency Response Systems Market Forecasts and Analysis - By End User
9.1.5 North America Personal Emergency Response Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Personal Emergency Response Systems Market
9.1.5.1.1 United States Personal Emergency Response Systems Market by Type
9.1.5.1.2 United States Personal Emergency Response Systems Market by End User
9.1.5.2 Canada Personal Emergency Response Systems Market
9.1.5.2.1 Canada Personal Emergency Response Systems Market by Type
9.1.5.2.2 Canada Personal Emergency Response Systems Market by End User
9.1.5.3 Mexico Personal Emergency Response Systems Market
9.1.5.3.1 Mexico Personal Emergency Response Systems Market by Type
9.1.5.3.2 Mexico Personal Emergency Response Systems Market by End User
9.2. EUROPE
9.2.1 Europe Personal Emergency Response Systems Market Overview
9.2.2 Europe Personal Emergency Response Systems Market Forecasts and Analysis
9.2.3 Europe Personal Emergency Response Systems Market Forecasts and Analysis - By Type
9.2.4 Europe Personal Emergency Response Systems Market Forecasts and Analysis - By End User
9.2.5 Europe Personal Emergency Response Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Personal Emergency Response Systems Market
9.2.5.1.1 Germany Personal Emergency Response Systems Market by Type
9.2.5.1.2 Germany Personal Emergency Response Systems Market by End User
9.2.5.2 France Personal Emergency Response Systems Market
9.2.5.2.1 France Personal Emergency Response Systems Market by Type
9.2.5.2.2 France Personal Emergency Response Systems Market by End User
9.2.5.3 Italy Personal Emergency Response Systems Market
9.2.5.3.1 Italy Personal Emergency Response Systems Market by Type
9.2.5.3.2 Italy Personal Emergency Response Systems Market by End User
9.2.5.4 United Kingdom Personal Emergency Response Systems Market
9.2.5.4.1 United Kingdom Personal Emergency Response Systems Market by Type
9.2.5.4.2 United Kingdom Personal Emergency Response Systems Market by End User
9.2.5.5 Russia Personal Emergency Response Systems Market
9.2.5.5.1 Russia Personal Emergency Response Systems Market by Type
9.2.5.5.2 Russia Personal Emergency Response Systems Market by End User
9.2.5.6 Rest of Europe Personal Emergency Response Systems Market
9.2.5.6.1 Rest of Europe Personal Emergency Response Systems Market by Type
9.2.5.6.2 Rest of Europe Personal Emergency Response Systems Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Personal Emergency Response Systems Market Overview
9.3.2 Asia-Pacific Personal Emergency Response Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Personal Emergency Response Systems Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Personal Emergency Response Systems Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Personal Emergency Response Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Personal Emergency Response Systems Market
9.3.5.1.1 Australia Personal Emergency Response Systems Market by Type
9.3.5.1.2 Australia Personal Emergency Response Systems Market by End User
9.3.5.2 China Personal Emergency Response Systems Market
9.3.5.2.1 China Personal Emergency Response Systems Market by Type
9.3.5.2.2 China Personal Emergency Response Systems Market by End User
9.3.5.3 India Personal Emergency Response Systems Market
9.3.5.3.1 India Personal Emergency Response Systems Market by Type
9.3.5.3.2 India Personal Emergency Response Systems Market by End User
9.3.5.4 Japan Personal Emergency Response Systems Market
9.3.5.4.1 Japan Personal Emergency Response Systems Market by Type
9.3.5.4.2 Japan Personal Emergency Response Systems Market by End User
9.3.5.5 South Korea Personal Emergency Response Systems Market
9.3.5.5.1 South Korea Personal Emergency Response Systems Market by Type
9.3.5.5.2 South Korea Personal Emergency Response Systems Market by End User
9.3.5.6 Rest of Asia-Pacific Personal Emergency Response Systems Market
9.3.5.6.1 Rest of Asia-Pacific Personal Emergency Response Systems Market by Type
9.3.5.6.2 Rest of Asia-Pacific Personal Emergency Response Systems Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Personal Emergency Response Systems Market Overview
9.4.2 Middle East and Africa Personal Emergency Response Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Personal Emergency Response Systems Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Personal Emergency Response Systems Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Personal Emergency Response Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Personal Emergency Response Systems Market
9.4.5.1.1 South Africa Personal Emergency Response Systems Market by Type
9.4.5.1.2 South Africa Personal Emergency Response Systems Market by End User
9.4.5.2 Saudi Arabia Personal Emergency Response Systems Market
9.4.5.2.1 Saudi Arabia Personal Emergency Response Systems Market by Type
9.4.5.2.2 Saudi Arabia Personal Emergency Response Systems Market by End User
9.4.5.3 U.A.E Personal Emergency Response Systems Market
9.4.5.3.1 U.A.E Personal Emergency Response Systems Market by Type
9.4.5.3.2 U.A.E Personal Emergency Response Systems Market by End User
9.4.5.4 Rest of Middle East and Africa Personal Emergency Response Systems Market
9.4.5.4.1 Rest of Middle East and Africa Personal Emergency Response Systems Market by Type
9.4.5.4.2 Rest of Middle East and Africa Personal Emergency Response Systems Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Personal Emergency Response Systems Market Overview
9.5.2 South and Central America Personal Emergency Response Systems Market Forecasts and Analysis
9.5.3 South and Central America Personal Emergency Response Systems Market Forecasts and Analysis - By Type
9.5.4 South and Central America Personal Emergency Response Systems Market Forecasts and Analysis - By End User
9.5.5 South and Central America Personal Emergency Response Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Personal Emergency Response Systems Market
9.5.5.1.1 Brazil Personal Emergency Response Systems Market by Type
9.5.5.1.2 Brazil Personal Emergency Response Systems Market by End User
9.5.5.2 Argentina Personal Emergency Response Systems Market
9.5.5.2.1 Argentina Personal Emergency Response Systems Market by Type
9.5.5.2.2 Argentina Personal Emergency Response Systems Market by End User
9.5.5.3 Rest of South and Central America Personal Emergency Response Systems Market
9.5.5.3.1 Rest of South and Central America Personal Emergency Response Systems Market by Type
9.5.5.3.2 Rest of South and Central America Personal Emergency Response Systems 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. PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. ADT 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. ALERTONE SERVICES, LLC
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. AMERICAN SENIOR SAFETY AGENCY
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. KONINKLIJKE PHILIPS N.V.
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. LIFEFONE
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. LIFESTATION, INC.
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. MEDICAL GUARDIAN LLC
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. NORTEK SECURITY CONTROL LLC.
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. TUNSTALL HEALTHCARE GROUP LTD.
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. VALUED RELATIONSHIPS, 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
1. ADT Corporation
2. Alertone Services, LLC
3. American Senior Safety Agency
4. Koninklijke Philips N.V.
5. LifeFone
6. LifeStation, Inc.
7. Medical Guardian LLC
8. Nortek Security Control LLC.
9. Tunstall Healthcare Group Ltd.
10. Valued Relationships, Inc.
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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