Chemoinformatics is the use of computer and informational techniques applied to a range of problems in the field of chemistry. These techniques are used in pharmaceutical companies in the process of drug discovery. These methods can also be used in chemical and allied industries in various other forms. Chemoinformatics is the mixing of those information resources to transform data into information and information into knowledge for the intended purpose of making better decisions faster in the area of drug lead identification and optimization.
MARKET SCOPE
The "Global Chemoinformatics Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Chemoinformatics market with detailed market segmentation by application, end user and geography. The report provides key statistics on the market status of the leading chemoinformatics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the global chemoinformatics market is segmented into drug discovery, chemical analysis, drug validation, and other applications. Drug discovery sub segmented as high throughput screening, lead identification and optimization, Qsar/Qspr, adme-toxicology prediction. Chemical Analysis is sub segmented as chemical databases, chemo metrics, molecular modelling, computer assisted structure elucidation, computer assisted synthesis design.
- On the basis of end user, the market is segmented into chemical and pharmaceutical industry, research and academic institution, regulatory centers, and others.
MARKET DYNAMICS
Drivers
- Increased demand of personalized medicine
- Innovations and advancements in the drug development process
- Growing occurrence and incidence of chronic disease
- Advances in the computer technology
Restraints
- Cost Associated with Chemoinformatics Software.
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 chemoinformatics 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 marketduring 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 chemoinformatics market in these regions.
IMPACT OF COVID-19 ON CHEMOINFORMATICS 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. Chemoinformatics market is positively impacted due to COVID-19.
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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
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 chemoinformatics 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 marketduring 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 chemoinformatics market in these regions.
IMPACT OF COVID-19 ON CHEMOINFORMATICS 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. Chemoinformatics market is positively impacted due to COVID-19.
MARKET PLAYERS
The report covers key developments in the chemoinformatics 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chemoinformatics market are anticipated to lucrative growth opportunities in the future with the rising demand for chemoinformatics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chemoinformatics 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.
- Jubilant Biosys
- Molecular Discovery Ltd.
- OpenEye Scientific Software
- DASSAULT SYSTeMES
- Agilent Technologies
- Bio-Rad Laboratories, Inc.
- BioSolveIT GmbH
- Schrödinger, LLC
- ChemAxon Ltd.
- Golden Helix, Inc.
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.
- 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 Chemoinformatics Market - By Application
1.3.2 Chemoinformatics Market - By End user
1.3.3 Chemoinformatics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CHEMOINFORMATICS 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. EXPERT OPINIONS
5. CHEMOINFORMATICS 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. CHEMOINFORMATICS MARKET - GLOBAL MARKET ANALYSIS
6.1. CHEMOINFORMATICS - GLOBAL MARKET OVERVIEW
6.2. CHEMOINFORMATICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CHEMOINFORMATICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. DRUG DISCOVERY
7.3.1. Overview
7.3.2. Drug Discovery Market Forecast and Analysis
7.3.3. High Throughput Screening Market
7.3.3.1. Overview
7.3.3.2. High Throughput Screening Market Forecast and Analysis
7.3.4. Lead Identification and Optimization Market
7.3.4.1. Overview
7.3.4.2. Lead Identification and Optimization Market Forecast and Analysis
7.3.5. Qsar/Qspr Market
7.3.5.1. Overview
7.3.5.2. Qsar/Qspr Market Forecast and Analysis
7.3.6. Adme-Toxicology Prediction Market
7.3.6.1. Overview
7.3.6.2. Adme-Toxicology Prediction Market Forecast and Analysis
7.4. CHEMICAL ANALYSIS
7.4.1. Overview
7.4.2. Chemical Analysis Market Forecast and Analysis
7.4.3. Chemical Databases Market
7.4.3.1. Overview
7.4.3.2. Chemical Databases Market Forecast and Analysis
7.4.4. Chemo Metrics Market
7.4.4.1. Overview
7.4.4.2. Chemo Metrics Market Forecast and Analysis
7.4.5. Molecular Modelling Market
7.4.5.1. Overview
7.4.5.2. Molecular Modelling Market Forecast and Analysis
7.4.6. Computer Assisted Structure Elucidation Market
7.4.6.1. Overview
7.4.6.2. Computer Assisted Structure Elucidation Market Forecast and Analysis
7.4.7. Computer Assisted Synthesis Design Market
7.4.7.1. Overview
7.4.7.2. Computer Assisted Synthesis Design Market Forecast and Analysis
7.5. DRUG VALIDATION
7.5.1. Overview
7.5.2. Drug Validation Market Forecast and Analysis
7.6. OTHER APPLICATIONS
7.6.1. Overview
7.6.2. Other Applications Market Forecast and Analysis
8. CHEMOINFORMATICS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. CHEMICAL AND PHARMACEUTICAL INDUSTRY
8.3.1. Overview
8.3.2. Chemical And Pharmaceutical Industry Market Forecast and Analysis
8.4. RESEARCH AND ACADEMIC INSTITUTION
8.4.1. Overview
8.4.2. Research And Academic Institution Market Forecast and Analysis
8.5. REGULATORY CENTERS
8.5.1. Overview
8.5.2. Regulatory Centers Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. CHEMOINFORMATICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Chemoinformatics Market Overview
9.1.2 North America Chemoinformatics Market Forecasts and Analysis
9.1.3 North America Chemoinformatics Market Forecasts and Analysis - By Application
9.1.4 North America Chemoinformatics Market Forecasts and Analysis - By End user
9.1.5 North America Chemoinformatics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Chemoinformatics Market
9.1.5.1.1 United States Chemoinformatics Market by Application
9.1.5.1.2 United States Chemoinformatics Market by End user
9.1.5.2 Canada Chemoinformatics Market
9.1.5.2.1 Canada Chemoinformatics Market by Application
9.1.5.2.2 Canada Chemoinformatics Market by End user
9.1.5.3 Mexico Chemoinformatics Market
9.1.5.3.1 Mexico Chemoinformatics Market by Application
9.1.5.3.2 Mexico Chemoinformatics Market by End user
9.2. EUROPE
9.2.1 Europe Chemoinformatics Market Overview
9.2.2 Europe Chemoinformatics Market Forecasts and Analysis
9.2.3 Europe Chemoinformatics Market Forecasts and Analysis - By Application
9.2.4 Europe Chemoinformatics Market Forecasts and Analysis - By End user
9.2.5 Europe Chemoinformatics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Chemoinformatics Market
9.2.5.1.1 Germany Chemoinformatics Market by Application
9.2.5.1.2 Germany Chemoinformatics Market by End user
9.2.5.2 France Chemoinformatics Market
9.2.5.2.1 France Chemoinformatics Market by Application
9.2.5.2.2 France Chemoinformatics Market by End user
9.2.5.3 Italy Chemoinformatics Market
9.2.5.3.1 Italy Chemoinformatics Market by Application
9.2.5.3.2 Italy Chemoinformatics Market by End user
9.2.5.4 Spain Chemoinformatics Market
9.2.5.4.1 Spain Chemoinformatics Market by Application
9.2.5.4.2 Spain Chemoinformatics Market by End user
9.2.5.5 United Kingdom Chemoinformatics Market
9.2.5.5.1 United Kingdom Chemoinformatics Market by Application
9.2.5.5.2 United Kingdom Chemoinformatics Market by End user
9.2.5.6 Rest of Europe Chemoinformatics Market
9.2.5.6.1 Rest of Europe Chemoinformatics Market by Application
9.2.5.6.2 Rest of Europe Chemoinformatics Market by End user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Chemoinformatics Market Overview
9.3.2 Asia-Pacific Chemoinformatics Market Forecasts and Analysis
9.3.3 Asia-Pacific Chemoinformatics Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Chemoinformatics Market Forecasts and Analysis - By End user
9.3.5 Asia-Pacific Chemoinformatics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Chemoinformatics Market
9.3.5.1.1 Australia Chemoinformatics Market by Application
9.3.5.1.2 Australia Chemoinformatics Market by End user
9.3.5.2 China Chemoinformatics Market
9.3.5.2.1 China Chemoinformatics Market by Application
9.3.5.2.2 China Chemoinformatics Market by End user
9.3.5.3 India Chemoinformatics Market
9.3.5.3.1 India Chemoinformatics Market by Application
9.3.5.3.2 India Chemoinformatics Market by End user
9.3.5.4 Japan Chemoinformatics Market
9.3.5.4.1 Japan Chemoinformatics Market by Application
9.3.5.4.2 Japan Chemoinformatics Market by End user
9.3.5.5 South Korea Chemoinformatics Market
9.3.5.5.1 South Korea Chemoinformatics Market by Application
9.3.5.5.2 South Korea Chemoinformatics Market by End user
9.3.5.6 Rest of Asia-Pacific Chemoinformatics Market
9.3.5.6.1 Rest of Asia-Pacific Chemoinformatics Market by Application
9.3.5.6.2 Rest of Asia-Pacific Chemoinformatics Market by End user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Chemoinformatics Market Overview
9.4.2 Middle East and Africa Chemoinformatics Market Forecasts and Analysis
9.4.3 Middle East and Africa Chemoinformatics Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Chemoinformatics Market Forecasts and Analysis - By End user
9.4.5 Middle East and Africa Chemoinformatics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Chemoinformatics Market
9.4.5.1.1 South Africa Chemoinformatics Market by Application
9.4.5.1.2 South Africa Chemoinformatics Market by End user
9.4.5.2 Saudi Arabia Chemoinformatics Market
9.4.5.2.1 Saudi Arabia Chemoinformatics Market by Application
9.4.5.2.2 Saudi Arabia Chemoinformatics Market by End user
9.4.5.3 U.A.E Chemoinformatics Market
9.4.5.3.1 U.A.E Chemoinformatics Market by Application
9.4.5.3.2 U.A.E Chemoinformatics Market by End user
9.4.5.4 Rest of Middle East and Africa Chemoinformatics Market
9.4.5.4.1 Rest of Middle East and Africa Chemoinformatics Market by Application
9.4.5.4.2 Rest of Middle East and Africa Chemoinformatics Market by End user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Chemoinformatics Market Overview
9.5.2 South and Central America Chemoinformatics Market Forecasts and Analysis
9.5.3 South and Central America Chemoinformatics Market Forecasts and Analysis - By Application
9.5.4 South and Central America Chemoinformatics Market Forecasts and Analysis - By End user
9.5.5 South and Central America Chemoinformatics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Chemoinformatics Market
9.5.5.1.1 Brazil Chemoinformatics Market by Application
9.5.5.1.2 Brazil Chemoinformatics Market by End user
9.5.5.2 Argentina Chemoinformatics Market
9.5.5.2.1 Argentina Chemoinformatics Market by Application
9.5.5.2.2 Argentina Chemoinformatics Market by End user
9.5.5.3 Rest of South and Central America Chemoinformatics Market
9.5.5.3.1 Rest of South and Central America Chemoinformatics Market by Application
9.5.5.3.2 Rest of South and Central America Chemoinformatics Market by End user
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CHEMOINFORMATICS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
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. CHEMOINFORMATICS MARKET, KEY COMPANY PROFILES
12.1. JUBILANT BIOSYS
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. MOLECULAR DISCOVERY LTD.
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. OPENEYE SCIENTIFIC SOFTWARE
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. DASSAULT SYSTÈMES
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. AGILENT TECHNOLOGIES
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. BIO-RAD LABORATORIES, 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. BIOSOLVEIT GMBH
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. SCHRöDINGER, LLC
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. CHEMAXON LTD.
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. GOLDEN HELIX, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Jubilant Biosys
2. Molecular Discovery Ltd.
3. OpenEye Scientific Software
4. DASSAULT SYSTeMES
5. Agilent Technologies
6. Bio-Rad Laboratories, Inc.
7. BioSolveIT GmbH
8. Schrödinger, LLC
9. ChemAxon Ltd.
10. Golden Helix, Inc.
11. Accelrys Software Inc.
12. BIOVIA
13. PerkinElmer Inc.
14. Chemical Computing Group, Inc
15. Certara, L.P.
16. The Cambridge Crystallographic Data Centre (CCDC)
17. KNIME.COM AG
18. EPAM Systems
19. Scilligence Cambridge Soft ACX
20. Simulations Plus, 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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