Europe Passenger Information System Market to Grow at a CAGR of 11.8% to reach US$ 12,663.64 Million from 2020 to 2027

Europe Passenger Information System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component (Solution and Services), Location (On Board and In Station), Mode of Transportation (Roadways, Railways, and Waterways and Airways), and Functional Model (Multimedia Display, Audio Systems, Computing Systems, Networking and Communication Devices, video Surveillance, and Content Management Systems)

  • Report Code : TIPRE00018156
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 99
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The Europe Passenger Information System market is expected to grow from US$ 5,241.72 million in 2019 to US$ 12,663.64 million by 2027; it is estimated to grow at a CAGR of 11.8% from 2020 to 2027.



Russia, Germany, France, Italy, UK are major economies in Europe. Rising frequency of passenger journey through public transport will drive the demand for passenger information system market. Public transportation comprises of different transit options including buses, rail or metros, airways and subways. Such systems play significant role for those people who cannot drive or do not have access to personal vehicles. Also, such systems are quite cost-effective, safer and sustainable solution. The rapid rise in population density has led to a change in infrastructural set-up in urban centers. Also, high disposable income and shift in working demographic are other factors promoting the demand for public transport across passengers.

Further, the growing demand for advanced transit operations and growing preference towards interconnected, digitized, smart and safe journey to uplift the overall experience has driven the demand for passenger information system in public transportation. Public transport has gained rapid momentum across urban infrastructural set-up following which the governments across the world are offering several transport-related subsidies to the various modes of transportation. The rising frequency of passenger journey through public transport has significantly proliferated the growth of public transport sector and hence, generating the demand for Passenger Information Systems (PIS) market

Presently, major countries in Europe are under lockdown due to the COVID 19 pandemic. In the high-impact countries in the region, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of the Europe Passenger Information System Market as the demand for these solutions has declined over the past couple of months. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe Passenger Information System Market. The market is expected to grow at a good CAGR during the forecast period.

Europe Passenger Information System Market Revenue and Forecast to 2027 (US$ Mn)

Europe Passenger Information System Market Revenue and Forecast to 2027 (US$ Mn)
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Europe Passenger Information System Market Segmentation

Europe Passenger Information System Market, by Component

  • Solution
  • Services

Europe Passenger Information System Market, by Location

  • On Board
  • In Station

Europe Passenger Information System Market – by Mode of Transportation

  • Roadways
  • Railways
  • Waterways and Airways

Europe Passenger Information System Market – by Functional Model

  • Multimedia display
  • Audio Systems
  • Computing Systems
  • Networking and Communication Devices
  • Video Surveillance
  • Content Management Systems

Europe Passenger Information System market – by Country

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

Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Component, Location, Mode of Transportation, and Functional Model

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. 17

1.1 Study Scope. 17

1.2 The Insight Partners Research Report Guidance. 17

1.3 Market Segmentation. 19

2. Key Takeaways. 21

3. Research Methodology. 26

3.1 Scope of the Study. 26

3.2 Research Methodology. 27

3.2.1 Data Collection: 29

3.2.2 Primary Interviews: 29

3.2.3 Hypothesis formulation: 30

3.2.4 Macro-economic factor analysis: 30

3.2.5 Developing base number: 30

3.2.6 Data Triangulation: 31

3.2.7 Country level data: 31

4. Passenger Information System Market Landscape. 32

4.1 Market Overview.. 32

4.2 Europe PEST Analysis. 33

4.3 Ecosystem Analysis. 34

4.4 Expert Opinion. 35

5. Passenger Information System Market – Key Market Dynamics. 36

5.1 Market Drivers. 36

5.1.1 Rising Focus over Consistent, Real-Time, and Reliable Passenger Information. 36

5.1.2 There has been an increase in the frequency of Passenger Journey Through Public Transport 37

5.2 Restraint 38

5.2.1 Lack of Advanced Infrastructure along with High Costs Associated with PIS. 38

5.3 Opportunity. 39

5.3.1 Increasing adoption of IoT and big data to enhance passenger travel experiences. 39

5.4 Future Trend. 40

5.4.1 Adoption of Advanced Passenger Information System for Border Security and Control 40

5.5 Impact Analysis of Drivers and Restraints. 41

6. Passenger Information System– Europe Market Analysis. 42

6.1 Passenger Information System Market Overview.. 42

6.2 Europe Passenger Information System Market–Revenue and Forecast to 2027 (US$ Mn) 42

7. Passenger Information System Market Analysis – By Component 44

7.1 Overview.. 44

7.2 Europe Passenger Information System Market, By Component (2019 and 2027) 44

7.3 Solution. 46

7.3.1 Overview.. 46

7.3.2 Solution: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 46

7.4 Services. 48

7.4.1 Overview.. 48

7.4.2 Services: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 48

8. Passenger Information System Market Analysis – By Location. 49

8.1 Overview.. 49

8.2 Europe Passenger Information System Market, By Location (2019 and 2027) 49

8.3 On Board. 50

8.3.1 Overview.. 50

8.3.2 On Board: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 50

8.4 In Station. 51

8.4.1 Overview.. 51

8.4.2 In Station: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 51

9. Passenger Information System Market Analysis – By Mode of Transportation. 53

9.1 Overview.. 53

9.2 Europe Passenger Information System Market, By Mode of Transportation (2019 and 2027) 53

9.3 Roadways. 55

9.3.1 Overview.. 55

9.3.2 Roadways: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 55

9.4 Railways. 57

9.4.1 Overview.. 57

9.4.2 Railways: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 57

9.5 Waterways and Airways. 59

9.5.1 Overview.. 59

9.5.2 Waterways and Airways: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 59

10. Passenger Information System Market Analysis By Functional Model 61

10.1 Overview.. 61

10.2 Europe Passenger Information System Market, By Component (2019 and 2027) 61

10.3 Multimedia Display. 62

10.3.1 Overview.. 62

10.3.2 Multimedia Display: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 62

10.4 Audio Systems. 63

10.4.1 Overview.. 63

10.4.2 Audio Systems: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 63

10.5 Computing Systems. 64

10.5.1 Overview.. 64

10.5.2 Computing Systems: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 64

10.6 Networking and Communication Devices. 66

10.6.1 Overview.. 66

10.6.2 Networking and Communication Devices: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 66

10.7 Video Surveillance. 68

10.7.1 Overview.. 68

10.7.2 Video Surveillance: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 68

10.8 Content Management System.. 70

10.8.1 Overview.. 70

10.8.2 Content Management System: Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 70

11. Passenger Information System Market – Country Analysis. 72

11.1 Overview.. 72

11.1.1 Europe: Passenger Information System Market, by Key Country. 73

11.1.1.1 Germany: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 74

11.1.1.1.1 Germany: Passenger Information System Market, by Component 75

11.1.1.1.2 Germany: Passenger Information System Market, by Location. 75

11.1.1.1.3 Germany: Passenger Information System Market, by Mode of Transportation. 76

11.1.1.1.4 Germany: Passenger Information System Market, by Functional Model 77

11.1.1.2 France: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 78

11.1.1.2.1 France: Passenger Information System Market, by Component 79

11.1.1.2.2 France: Passenger Information System Market, by Location. 79

11.1.1.2.3 France: Passenger Information System Market, by Mode of Transportation. 80

11.1.1.2.4 France: Passenger Information System Market, by Functional Model 81

11.1.1.3 Italy: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 82

11.1.1.3.1 Italy: Passenger Information System Market, by Component 83

11.1.1.3.2 Italy: Passenger Information System Market, by Location. 83

11.1.1.3.3 Italy: Passenger Information System Market, by Mode of Transportation. 84

11.1.1.3.4 Italy: Passenger Information System Market, by Functional Model 85

11.1.1.4 United Kingdom: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 86

11.1.1.4.1 United Kingdom: Passenger Information System Market, by Component 87

11.1.1.4.2 United Kingdom: Passenger Information System Market, by Location. 87

11.1.1.4.3 United Kingdom: Passenger Information System Market, by Mode of Transportation. 88

11.1.1.4.4 United Kingdom: Passenger Information System Market, by Functional Model 89

11.1.1.5 Russia: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 90

11.1.1.5.1 Russia: Passenger Information System Market, by Component 91

11.1.1.5.2 Russia: Passenger Information System Market, by Location. 91

11.1.1.5.3 Russia: Passenger Information System Market, by Mode of Transportation. 92

11.1.1.5.4 Russia: Passenger Information System Market, by Functional Model 93

11.1.1.6 Rest of Europe: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 94

11.1.1.6.1 Rest of Europe: Passenger Information System Market, by Component 95

11.1.1.6.2 Rest of Europe: Passenger Information System Market, by Location. 95

11.1.1.6.3 Rest of Europe: Passenger Information System Market, by Mode of Transportation. 96

11.1.1.6.4 Rest of Europe: Passenger Information System Market, by Functional Model 97

12. Overview- Impact of Coronavirus outbreak. 98

12.1 Europe: Impact Assessment of COVID-19 Pandemic. 98

13. Industry Landscape. 99

13.1 Merger and Acquisition. 99

13.2 New Development 100

13.3 Market Initiative. 101

14. Company Profiles. 102

14.1 Dysten Sp. z o.o. 102

14.1.1 Key Facts. 102

14.1.2 Business Description. 102

14.1.3 Products and Services. 103

14.1.4 Financial Overview.. 103

14.1.5 SWOT Analysis. 104

14.1.6 Key Developments. 105

14.2 Alstom.. 106

14.2.1 Key Facts. 106

14.2.2 Business Description. 106

14.2.3 Products and Services. 107

14.2.4 Financial Overview.. 108

14.2.5 SWOT Analysis. 109

14.2.6 Key Developments. 110

14.3 Hitachi, Ltd. 111

14.3.1 Key Facts. 111

14.3.2 Business Description. 111

14.3.3 Products and Services. 112

14.3.4 Financial Overview.. 113

14.3.5 SWOT Analysis. 114

14.3.6 Key Developments. 115

14.4 Cubic Corporation. 116

14.4.1 Key Facts. 116

14.4.2 Business Description. 116

14.4.3 Products and Services. 117

14.4.4 Financial Overview.. 118

14.4.5 SWOT Analysis. 119

14.4.6 Key Developments. 120

14.5 Cisco Systems Inc. 121

14.5.1 Key Facts. 121

14.5.2 Business Description. 121

14.5.3 Products and Services. 122

14.5.4 Financial Overview.. 123

14.5.5 SWOT Analysis. 124

14.6 Thales Group. 125

14.6.1 Key Facts. 125

14.6.2 Business Description. 125

14.6.3 Products and Services. 126

14.6.4 Financial Overview.. 127

14.6.5 SWOT Analysis. 128

14.6.6 Key Developments. 128

14.7 Wabtec Corporation. 129

14.7.1 Key Facts. 129

14.7.2 Business Description. 129

14.7.3 Products and Services. 130

14.7.4 Financial Overview.. 131

14.7.5 SWOT Analysis. 132

14.7.6 Key Developments. 133

14.8 Huawei Technologies Co., Ltd. 134

14.8.1 Key Facts. 134

14.8.2 Business Description. 134

14.8.3 Products and Services. 135

14.8.4 Financial Overview.. 135

14.8.5 SWOT Analysis. 136

14.9 Teleste Corporation. 137

14.9.1 Key Facts. 137

14.9.2 Business Description. 137

14.9.3 Products and Services. 138

14.9.4 Financial Overview.. 139

14.9.5 SWOT Analysis. 140

14.9.6 Key Developments. 141

14.10 Singapore Technologies Engineering Ltd. 142

14.10.1 Key Facts. 142

14.10.2 Business Description. 142

14.10.3 Products and Services. 143

14.10.4 Financial Overview.. 143

14.10.5 SWOT Analysis. 144

15. Appendix. 145

15.1 About The Insight Partners. 145

15.2 Word Index

LIST OF TABLES

Table 1. Europe Passenger Information System Market –Revenue and Forecast to 2027 (US$ Mn) 43

Table 2. Germany Passenger Information System Market, by Component – Revenue and Forecast to 2027 (USD Million) 75

Table 3. Germany Passenger Information System Market, by Location– Revenue and Forecast to 2027 (USD Million) 75

Table 4. Germany Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million) 76

Table 5. Germany Passenger Information System Market, by Functional Model – Revenue and Forecast to 2027 (USD Million) 77

Table 6. France Passenger Information System Market, by Component– Revenue and Forecast to 2027 (USD Million) 79

Table 7. France Passenger Information System Market, by Location – Revenue and Forecast to 2027 (USD Million) 79

Table 8. France Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million) 80

Table 9. France Passenger Information System Market, by Functional Model – Revenue and Forecast to 2027 (USD Million) 81

Table 10. Italy Passenger Information System Market, by Component– Revenue and Forecast to 2027 (USD Million) 83

Table 11. Italy Passenger Information System Market, by Location – Revenue and Forecast to 2027 (USD Million) 83

Table 12. Italy Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million) 84

Table 13. Italy Passenger Information System Market, by Functional Model – Revenue and Forecast to 2027 (USD Million) 85

Table 14. United Kingdom Passenger Information System Market, by Component– Revenue and Forecast to 2027 (USD Million) 87

Table 15. United Kingdom Passenger Information System Market, by Location – Revenue and Forecast to 2027 (USD Million) 87

Table 16. United Kingdom Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million) 88

Table 17. United Kingdom Passenger Information System Market, by Functional Model – Revenue and Forecast to 2027 (USD Million) 89

Table 18. Russia Passenger Information System Market, by Component– Revenue and Forecast to 2027 (USD Million) 91

Table 19. Russia Passenger Information System Market, by Location – Revenue and Forecast to 2027 (USD Million) 91

Table 20. Russia Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million) 92

Table 21. Russia Passenger Information System Market, by Functional Model– Revenue and Forecast to 2027 (USD Million) 93

Table 22. Rest of Europe Passenger Information System Market, by Component– Revenue and Forecast to 2027 (USD Million) 95

Table 23. Rest of Europe Passenger Information System Market, by Location – Revenue and Forecast to 2027 (USD Million) 95

Table 24. Rest of Europe Passenger Information System Market, by Mode of Transportation – Revenue and Forecast to 2027 (USD Million) 96

Table 25. Rest of Europe Passenger Information System Market, by Functional Model – Revenue and Forecast to 2027 (USD Million) 97

Table 26. List of Abbreviation. 146

LIST OF FIGURES

Figure 1. Europe Passenger Information System Market Segmentation. 19

Figure 2. Europe Passenger Information System Market Segmentation – By Country. 20

Figure 3. Europe Passenger Information System Market Overview.. 21

Figure 4. Solution Segment Held Largest Share of Europe Passenger Information System Market 22

Figure 5. Germany Region Held Largest Share of Europe Passenger Information System Market 23

Figure 6. Europe Passenger Information System Market, Industry Landscape. 24

Figure 7. Europe – PEST Analysis. 33

Figure 8. Ecosystem Analysis. 34

Figure 9. Expert Opinion. 35

Figure 10. Europe Passenger Information System Market Impact Analysis of Drivers and Restraints. 41

Figure 11. Europe Passenger Information System Market – Revenue and Forecast to 2027 (US$ Mn) 43

Figure 12. Europe Passenger Information System Market Revenue Share, By Component (2019 and 2027) 45

Figure 13. Solution: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 47

Figure 14. Services: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 48

Figure 15. Europe Passenger Information System Market Revenue Share, By Location (2019 and 2027) 49

Figure 16. On Board: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 50

Figure 17. In Station: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 52

Figure 18. Europe Passenger Information System Market Revenue Share, By Mode of Transportation (2019 and 2027) 54

Figure 19. Roadways: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 56

Figure 20. Railways: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 58

Figure 21. Waterways and Airways: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 60

Figure 22. Europe Passenger Information System Market Revenue Share, By Component (2019 and 2027) 61

Figure 23. Multimedia Display: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 62

Figure 24. Audio Systems: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 63

Figure 25. Computing Systems: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 65

Figure 26. Networking and Communication Devices: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 67

Figure 27. Video Surveillance: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 69

Figure 28. Content Management System: Europe Passenger Information System Market – Revenue and Forecast To 2027 (US$ Mn) 71

Figure 29. Europe: Passenger Information System Market Revenue Share, by Key Country (2019 and 2027) 73

Figure 30. Germany: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 74

Figure 31. France: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 78

Figure 32. Italy: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 82

Figure 33. United Kingdom: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 86

Figure 34. Russia: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 90

Figure 35. Rest of Europe: Passenger Information System Market –Revenue and Forecast to 2027 (US$ Million) 94

Figure 36. Impact of COVID-19 Pandemic in Europe Country Markets. 98

. 146

The List of Companies- Europe Passenger Information System Market

  1. Dysten Sp. z o.o
  2. Alstom
  3. Cisco Systems Inc.
  4. Cubic Corporation
  5. Hitachi, Ltd
  6. Huawei Technologies Co., Ltd
  7. Singapore Technologies Engineering Ltd.
  8. Teleste Corporation
  9. Thales Group
  10. Wabtec Corporation

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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