Europe Automation-as-a-service Market 2027 By Component, Deployment Model, Business Function, Industry Vertical

Europe Automation-as-a-service Market to 2027 - Regional Analysis and Forecasts by Component (Solution and Service); Deployment Model (On-premise and Cloud); Business Function (Sales & Marketing, Finance & Operations, Human Resource, Information Technology); Industry Vertical (BFSI, IT & Telecom, Retail, Healthcare & Life Sciences, Transportation & Logistics, Government Agencies & Defense, Manufacturing, and Others)

  • Report Code : TIPRE00009254
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 170
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The automation-as-a-service market in Europe is expected to grow from US$ 843.2 Mn in 2018 to US$ 7,197.1 Mn by the year 2027. This represents a CAGR of 27.7% from the year 2019 to 2027.


The presence of well-developed and economically strong countries such as Germany, France, and the UK and a large concentration of some of the world’s largest companies are two of the major factors that are anticipated to complement the growth of automation-as-a-services in this region. Europe comprises several major manufacturing industries such as aerospace, machinery and equipment, automotive, and food & beverages. Automotive in the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP as well as provides employment to millions of people in the region. The region is home to several major automotive manufacturing and assembly plants. Europe continues to play a vital role in automotive manufacturing, and the facilities are well equipped with the latest technologies to produce sophisticated and quality products. The presence of a robust automotive manufacturing sector is resulting in the adoption of automation solutions and services for performing various tasks such as assembling, pick & place, and handling, as well as quality control applications.

Advancements in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of work activities, including ones requiring cognitive capabilities. Automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to productivity, as it has done historically. At a time of lackluster productivity growth, this would give a needed boost to economic growth and prosperity and help offset the impact of a declining share of the working-age population in many countries. The growth of novel technologies, including cognitive computing, machine learning, and artificial intelligence, is expected to promote the development of automation tools at a rapid pace.

Currently, the UK is dominating the automation-as-a-service market in terms of installation, which in turn boosts the demand for the automation-as-a-service market in the region. The availability of various technology companies is propelling the UK government to focus on advanced technologies such as the Internet of Things (IoT), artificial intelligence, and e-mobility technologies. About the rise of different techniques and semiconductor products, companies demand automation is also rising substantially, which tends to drive the automation-as-a-service market in the UK. Further, the country has nearly 409 retailers, which depicts the growing retail industry in the country. The UK’s retail industry is booming due to improvements in the economy. The booming retail industry would help the automation-as-a-service to flourish within the country. The figure given below highlights the revenue share of the Rest of Europe in the Europe automation-as-a-service market in the forecast period:

Rest of Europe Automation-as-a-service Market Revenue and Forecasts to 2027 (US$ Mn)

Rest of Europe Automation-as-a-service Market
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EUROPE AUTOMATION-AS-A-SERVICE MARKET - SEGMENTATION


Europe Automation-As-A-Service Market – By Component

  • Solution
  • Service


Europe Automation-as-a-service Market – By Deployment Type

  • On-Premise
  • Cloud


Europe Automation-as-a-service Market – By Business Function

  • Sales & Marketing
  • Finance & Operations
  • Human Resource
  • IT


Europe Automation-as-a-service Market – By Industry Vertical

  • BFSI
  • IT & Telecom
  • Retail
  • Healthcare & Life Sciences
  • Transportation & Logistics
  • Government Agencies & Defense
  • Manufacturing
  • Others


Europe Automation-as-a-service Market – By Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe


Europe Automation-as-a-service Market -Companies Mentioned

  • Accenture PLC
  • Automation Anywhere, Inc.
  • Blue Prism Group plc
  • HCL Technologies Limited
  • Hewlett Packard Enterprise
  • IBM Corporation
  • Microsoft Corporation
  • NICE Ltd.
  • Pegasystems Inc
  • UiPath
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Deployment Model, Business Function, Industry Vertical

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Automation-as-a-Service Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 Expert Opinions

4.4 PEST Analysis

4.4.1 Europe – PEST Analysis

5. Europe Automation-as-a-Service Market – Key Industry Dynamics

5.1 Drivers

5.1.1 Growing popularity of digital technologies across different industries

5.1.2 Growing focus towards improving efficiency and reducing the risk of errors

5.2 Restraint

5.2.1 Frequent changes in business operation procedure might affect the growth of the market

5.3 Opportunity

5.3.1 Increasing demand for automation services by SMEs

5.4 Future Trend

5.4.1 Incorporating advanced capabilities in the automated processes

5.5 Impact Analysis of Drivers and Restraints

6. Europe Automation-as-a-Service Market –Market Analysis

6.1 Europe Automation-as-a-Service Market Overview

6.2 Europe Automation-as-a-Service Market Forecast and Analysis

7. Europe Automation-as-a-Service Market Analysis – By Component

7.1 Overview

7.2 Automation-as-a-Service Market Breakdown, by Component, 2018 & 2027

7.3 Solution

7.3.1 Overview

7.3.2 Solution Market, Revenue and Forecast to 2027 (US$ Mn)

7.4 Service

7.4.1 Overview

7.4.2 Service Market, Revenue and Forecast to 2027 (US$ Mn)

8. Europe Automation-as-a-Service Market Analysis –By Deployment Model

8.1 Overview

8.2 Automation-as-a-Service Market Breakdown, by Deployment Model, 2018 & 2027

8.3 On-Premise

8.3.1 Overview

8.3.2 On-Premise Market, Revenue and Forecast to 2027 (US$ Mn)

8.4 Cloud

8.4.1 Overview

8.4.2 Cloud Market, Revenue and Forecast to 2027 (US$ Mn)

9. Europe Automation-as-a-Service Market Analysis – By Business Function

9.1 Overview

9.2 Automation-as-a-Service Market Breakdown, by Business Function, 2018 & 2027

9.3 Sales & Marketing

9.3.1 Overview

9.3.2 Sales & Marketing Market, Revenue and Forecast to 2027 (US$ Mn)

9.4 Finance & Operations

9.4.1 Overview

9.4.2 Finance & Operations Market, Revenue and Forecast to 2027 (US$ Mn)

9.5 Human Resources

9.5.1 Overview

9.5.2 Human Resources Market, Revenue and Forecast to 2027 (US$ Mn)

9.6 IT

9.6.1 Overview

9.6.2 IT Market, Revenue and Forecast to 2027 (US$ Mn)

10. Europe Automation-as-a-Service Market Analysis – By Industry Vertical

10.1 Overview

10.2 Automation-as-a-Service Market Breakdown, by Industry Vertical, 2018 & 2027

10.3 BFSI

10.3.1 Overview

10.3.2 BFSI Market, Revenue and Forecast to 2027 (US$ Mn)

10.4 IT & Telecom

10.4.1 Overview

10.4.2 IT & Telecom Market, Revenue and Forecast to 2027 (US$ Mn)

10.5 Retail

10.5.1 Overview

10.5.2 Retail Market Forecast and Analysis

10.6 Healthcare & Life Sciences

10.6.1 Overview

10.6.2 Healthcare & Life Sciences Market, Revenue and Forecast to 2027 (US$ Mn)

10.7 Transportation & Logistics

10.7.1 Overview

10.7.2 Transportation & Logistics Market, Revenue and Forecast to 2027 (US$ Mn)

10.8 Government Agencies

10.8.1 Overview

10.8.2 Government Agencies Market, Revenue and Forecast to 2027 (US$ Mn)

10.9 Manufacturing

10.9.1 Overview

10.9.2 Manufacturing Market, Revenue and Forecast to 2027 (US$ Mn)

10.10 Others

10.10.1 Overview

10.10.2 Others Market Forecast and Analysis

11. Europe Automation-as-a-Service Market– Country Analysis

11.1.1 Europe Automation-as-a-Service Market Breakdown, by Country

11.1.1.1 Germany Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.1.1 Germany Automation-as-a-Service Market Breakdown, by Component

11.1.1.1.2 Germany Automation-as-a-Service Market Breakdown, by Deployment Model

11.1.1.1.3 Germany Automation-as-a-Service Market Breakdown, by Business Function

11.1.1.1.4 Germany Automation-as-a-Service Market Breakdown, by Industry Vertical

11.1.1.2 France Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.2.1 France Automation-as-a-Service Market Breakdown, by Component

11.1.1.2.2 France Automation-as-a-Service Market Breakdown, by Deployment Model

11.1.1.2.3 France Automation-as-a-Service Market Breakdown, by Business Function

11.1.1.2.4 France Automation-as-a-Service Market Breakdown, by Industry Vertical

11.1.1.3 Italy Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.3.1 Italy Automation-as-a-Service Market Breakdown, by Component

11.1.1.3.2 Italy Automation-as-a-Service Market Breakdown, by Deployment Model

11.1.1.3.3 Italy Automation-as-a-Service Market Breakdown, by Business Function

11.1.1.3.4 Italy Automation-as-a-Service Market Breakdown, by Industry Vertical

11.1.1.4 UK Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.4.1 UK Automation-as-a-Service Market Breakdown, by Component

11.1.1.4.2 UK Automation-as-a-Service Market Breakdown, by Deployment Model

11.1.1.4.3 UK Automation-as-a-Service Market Breakdown, by Business Function

11.1.1.4.4 UK Automation-as-a-Service Market Breakdown, by Industry Vertical

11.1.1.5 Russia Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.5.1 Russia Automation-as-a-Service Market Breakdown, by Component

11.1.1.5.2 Russia Automation-as-a-Service Market Breakdown, by Deployment Model

11.1.1.5.3 Russia Automation-as-a-Service Market Breakdown, by Business Function

11.1.1.5.4 Russia Automation-as-a-Service Market Breakdown, by Industry Vertical

11.1.1.6 Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.6.1 Rest of Europe Automation-as-a-Service Market Breakdown, by Component

11.1.1.6.2 Rest of Europe Automation-as-a-Service Market Breakdown, by Deployment Model

11.1.1.6.3 Rest of Europe Automation-as-a-Service Market Breakdown, by Business Function

11.1.1.6.4 Rest of Europe Automation-as-a-Service Market Breakdown, by Industry Vertical

12. Europe Automation-as-a-Service Market-Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

12.4 New Development

13. Company Profiles

13.1 Accenture

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Automation Anywhere, Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Blue Prism Group

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 HCL Technologies

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Hewlett Packard Enterprise Development LP (HPE)

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 IBM Corporation

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Microsoft Corporation

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 NICE Ltd.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Pegasystems Inc.

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 UiPath

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

LIST OF TABLES

Table 1. Europe Automation-as-a-Service Market, Revenue and Forecast to 2027 (US$ Mn)

Table 2. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Component (US$ Mn)

Table 3. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Deployment Model (US$ Mn)

Table 4. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Business Function (US$ Mn)

Table 5. Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Industry Vertical (US$ Mn)

Table 6. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 – by Component (US$ Mn)

Table 7. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 – by Deployment Model (US$ Mn)

Table 8. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 – by Business Function (US$ Mn)

Table 9. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 – by Industry Vertical (US$ Mn)

Table 10. France Automation-as-a-Service Market Revenue and Forecast to 2027 – by Component (US$ Mn)

Table 11. France Automation-as-a-Service Market Revenue and Forecast to 2027 – by Deployment Model (US$ Mn)

Table 12. France Automation-as-a-Service Market Revenue and Forecast to 2027 – by Business Function (US$ Mn)

Table 13. France Automation-as-a-Service Market Revenue and Forecast to 2027 – by Industry Vertical (US$ Mn)

Table 14. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 – by Component (US$ Mn)

Table 15. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 – by Deployment Model (US$ Mn)

Table 16. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 – by Business Function (US$ Mn)

Table 17. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 – by Industry Vertical (US$ Mn)

Table 18. UK Automation-as-a-Service Market Revenue and Forecast to 2027 – by Component (US$ Mn)

Table 19. UK Automation-as-a-Service Market Revenue and Forecast to 2027 – by Deployment Model (US$ Mn)

Table 20. UK Automation-as-a-Service Market Revenue and Forecast to 2027 – by Business Function (US$ Mn)

Table 21. UK Automation-as-a-Service Market Revenue and Forecast to 2027 – by Industry Vertical (US$ Mn)

Table 22. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 – by Component (US$ Mn)

Table 23. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 – by Deployment Model (US$ Mn)

Table 24. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 – by Business Function (US$ Mn)

Table 25. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 – by Industry Vertical (US$ Mn)

Table 26. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Component (US$ Mn)

Table 27. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Deployment Model (US$ Mn)

Table 28. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Business Function (US$ Mn)

Table 29. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 – by Industry Vertical (US$ Mn)

Table 30. Glossary of Term: Automation-as-a-Service Market

LIST OF FIGURES

Figure 1. Europe Automation-as-a-Service Market Segmentation

Figure 2. Europe Automation-as-a-Service Market Segmentation – By Country

Figure 3. Europe Automation-as-a-Service Market Overview

Figure 4. UK to Dominate the Market Throughout the Forecast Period

Figure 5. Finance & Operations held the Largest Market Share in 2018

Figure 6. Europe Automation-as-a-Service Industry Landscape

Figure 7. Automation-as-a-Service Market Ecosystem Analysis

Figure 8. Expert Opinions

Figure 9. Europe – PEST Analysis

Figure 10. Europe Automation-as-a-Service Market Impact Analysis of Drivers and Restraints

Figure 11. Europe Automation-as-a-Service Market Forecast and Analysis, (US$ Mn)

Figure 12. Automation-as-a-Service Market Breakdown, by Component, 2018 & 2027 (%)

Figure 13. Europe Solution Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 14. Europe Service Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 15. Automation-as-a-Service Market Breakdown, by Deployment Model, 2018 & 2027 (%)

Figure 16. Europe On-Premise Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 17. Europe Cloud Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 18. Europe Automation-as-a-Service Market Breakdown, by Business Function, 2018 & 2027 (%)

Figure 19. Europe Sales & Marketing Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 20. Europe Finance & Operations Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 21. Europe Human Resources Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 22. Europe IT Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 23. Europe Automation-as-a-Service Market Breakdown, by Industry Vertical, 2018 & 2027 (%)

Figure 24. Europe BFSI Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 25. Europe IT & Telecom Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 26. Europe Retail Market Revenue And Forecasts To 2027(US$ Mn)

Figure 27. Europe Healthcare & Life Sciences Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 28. Europe Transportation & Logistics Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 29. Europe Government Agencies Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 30. Europe Manufacturing Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 31. Europe Others Market Revenue And Forecasts To 2027(US$ Mn)

Figure 32. Europe Automation-as-a-Service Market Breakdown, by Country, 2018 & 2027(%)

Figure 33. Germany Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

Figure 34. France Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

Figure 35. Italy Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

Figure 36. UK Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

Figure 37. Russia Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

Figure 38. Rest of Europe Automation-as-a-Service Market Revenue and Forecast to 2027 (US$ Mn)

The List of Companies - Europe Automation-as-a-service Market

  1. Accenture PLC
  2. Automation Anywhere, Inc.
  3. Blue Prism Group plc
  4. HCL Technologies Limited
  5. Hewlett Packard Enterprise
  6. IBM Corporation
  7. Microsoft Corporation
  8. NICE Ltd.
  9. Pegasystems Inc
  10. UiPath

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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