Health intelligent virtual assistant is a unit residing in software that interfaces with users in a human way. The primary purpose of health intelligent virtual assistant is to answer and addresses the queries that clients may have. Health intelligent virtual assistant eliminates the searching website for queries and waiting period for a customer in queue. With the help of this health intelligent virtual assistant, consumers can discover the doctor's office, receive payment reminders and fill and refill a prescription.
MARKET SCOPE
The "Global Health intelligent virtual assistant 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 Health intelligent virtual assistant market with detailed market segmentation by component, product, delivery mode, end user and geography. The report provides key statistics on the market status of the leading Health intelligent virtual assistant market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology, the global Health intelligent virtual assistant market is segmented into Speech Recognition, Text-to-Speech, Voice Recognition.
- Based on end user, the market is categorised into Payers, Providers, Others.
MARKET DYNAMICS
Drivers
- Increasing adoption of AI in healthcare applications.
- Increasing the adoption of intelligent virtual assistants in the healthcare industry
- Increasing patient engagement and improving self-management skills for chronic disease.
- Growing Need to improve quality of healthcare delivery and lower the treatment cost.
Restraints
- Budget constraints and limited knowledge about advanced health intelligent virtual assistant solutions.
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 Health intelligent virtual assistant 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 Health intelligent virtual assistant market in these regions.
IMPACT OF COVID-19 ON HEALTH INTELLIGENT VIRTUAL ASSISTANT MARKET
The COVID-19 outbreak has boosted research activity due to efforts to understand the dynamics of the infection. The emergence of this pandemic has led to severe financial constraints on pharma-biopharma companies in several countries. In this scenario, virtual assistant has proven to be very helpful, as it allows industrial and academic researchers to monitor patients using digitally connected platforms while helping to organize and evaluate the clinical data for regulatory submissions. The COVID-19 pandemic has also increased the need for social distancing among physicians and patients, which has driven the demand for remote patient monitoring and digital solutions for clinical research data gathering and analysis. Various players in this market have introduced COVID-19-associated features into their existing electronic health records which are being made available to users free of cost. This has given a chance for growth in profits for companies operating in the health intelligent virtual assistant market.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 Health intelligent virtual assistant 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 Health intelligent virtual assistant market in these regions.
IMPACT OF COVID-19 ON HEALTH INTELLIGENT VIRTUAL ASSISTANT MARKET
The COVID-19 outbreak has boosted research activity due to efforts to understand the dynamics of the infection. The emergence of this pandemic has led to severe financial constraints on pharma-biopharma companies in several countries. In this scenario, virtual assistant has proven to be very helpful, as it allows industrial and academic researchers to monitor patients using digitally connected platforms while helping to organize and evaluate the clinical data for regulatory submissions. The COVID-19 pandemic has also increased the need for social distancing among physicians and patients, which has driven the demand for remote patient monitoring and digital solutions for clinical research data gathering and analysis. Various players in this market have introduced COVID-19-associated features into their existing electronic health records which are being made available to users free of cost. This has given a chance for growth in profits for companies operating in the health intelligent virtual assistant market.
MARKET PLAYERS
The report covers key developments in the Health intelligent virtual assistant 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Health intelligent virtual assistant market are anticipated to lucrative growth opportunities in the future with the rising demand for Health intelligent virtual assistant in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Health intelligent virtual assistant 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.
- Nuance Communications, Inc.
- CodeBaby Corporation
- eGain Corporation
- Kognito
- Microsoft Corporation
- MedRespond
- CSS Corporation
- Next IT Corporation
- True Image Interactive, Inc.
- Welltok, 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 Health Intelligent Virtual Assistant Market - By Technology
1.3.2 Health Intelligent Virtual Assistant Market - By End User
1.3.3 Health Intelligent Virtual Assistant Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTH INTELLIGENT VIRTUAL ASSISTANT 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. HEALTH INTELLIGENT VIRTUAL ASSISTANT 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. HEALTH INTELLIGENT VIRTUAL ASSISTANT MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTH INTELLIGENT VIRTUAL ASSISTANT - GLOBAL MARKET OVERVIEW
6.2. HEALTH INTELLIGENT VIRTUAL ASSISTANT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HEALTH INTELLIGENT VIRTUAL ASSISTANT MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. SPEECH RECOGNITION
7.3.1. Overview
7.3.2. Speech Recognition Market Forecast and Analysis
7.4. TEXT-TO-SPEECH
7.4.1. Overview
7.4.2. Text-to-Speech Market Forecast and Analysis
7.5. VOICE RECOGNITION
7.5.1. Overview
7.5.2. Voice Recognition Market Forecast and Analysis
8. HEALTH INTELLIGENT VIRTUAL ASSISTANT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. PAYERS
8.3.1. Overview
8.3.2. Payers Market Forecast and Analysis
8.4. PROVIDERS
8.4.1. Overview
8.4.2. Providers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. HEALTH INTELLIGENT VIRTUAL ASSISTANT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Health Intelligent Virtual Assistant Market Overview
9.1.2 North America Health Intelligent Virtual Assistant Market Forecasts and Analysis
9.1.3 North America Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Technology
9.1.4 North America Health Intelligent Virtual Assistant Market Forecasts and Analysis - By End User
9.1.5 North America Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Countries
9.1.5.1 United States Health Intelligent Virtual Assistant Market
9.1.5.1.1 United States Health Intelligent Virtual Assistant Market by Technology
9.1.5.1.2 United States Health Intelligent Virtual Assistant Market by End User
9.1.5.2 Canada Health Intelligent Virtual Assistant Market
9.1.5.2.1 Canada Health Intelligent Virtual Assistant Market by Technology
9.1.5.2.2 Canada Health Intelligent Virtual Assistant Market by End User
9.1.5.3 Mexico Health Intelligent Virtual Assistant Market
9.1.5.3.1 Mexico Health Intelligent Virtual Assistant Market by Technology
9.1.5.3.2 Mexico Health Intelligent Virtual Assistant Market by End User
9.2. EUROPE
9.2.1 Europe Health Intelligent Virtual Assistant Market Overview
9.2.2 Europe Health Intelligent Virtual Assistant Market Forecasts and Analysis
9.2.3 Europe Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Technology
9.2.4 Europe Health Intelligent Virtual Assistant Market Forecasts and Analysis - By End User
9.2.5 Europe Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Health Intelligent Virtual Assistant Market
9.2.5.1.1 Germany Health Intelligent Virtual Assistant Market by Technology
9.2.5.1.2 Germany Health Intelligent Virtual Assistant Market by End User
9.2.5.2 France Health Intelligent Virtual Assistant Market
9.2.5.2.1 France Health Intelligent Virtual Assistant Market by Technology
9.2.5.2.2 France Health Intelligent Virtual Assistant Market by End User
9.2.5.3 Italy Health Intelligent Virtual Assistant Market
9.2.5.3.1 Italy Health Intelligent Virtual Assistant Market by Technology
9.2.5.3.2 Italy Health Intelligent Virtual Assistant Market by End User
9.2.5.4 Spain Health Intelligent Virtual Assistant Market
9.2.5.4.1 Spain Health Intelligent Virtual Assistant Market by Technology
9.2.5.4.2 Spain Health Intelligent Virtual Assistant Market by End User
9.2.5.5 United Kingdom Health Intelligent Virtual Assistant Market
9.2.5.5.1 United Kingdom Health Intelligent Virtual Assistant Market by Technology
9.2.5.5.2 United Kingdom Health Intelligent Virtual Assistant Market by End User
9.2.5.6 Rest of Europe Health Intelligent Virtual Assistant Market
9.2.5.6.1 Rest of Europe Health Intelligent Virtual Assistant Market by Technology
9.2.5.6.2 Rest of Europe Health Intelligent Virtual Assistant Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Health Intelligent Virtual Assistant Market Overview
9.3.2 Asia-Pacific Health Intelligent Virtual Assistant Market Forecasts and Analysis
9.3.3 Asia-Pacific Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Health Intelligent Virtual Assistant Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Health Intelligent Virtual Assistant Market
9.3.5.1.1 Australia Health Intelligent Virtual Assistant Market by Technology
9.3.5.1.2 Australia Health Intelligent Virtual Assistant Market by End User
9.3.5.2 China Health Intelligent Virtual Assistant Market
9.3.5.2.1 China Health Intelligent Virtual Assistant Market by Technology
9.3.5.2.2 China Health Intelligent Virtual Assistant Market by End User
9.3.5.3 India Health Intelligent Virtual Assistant Market
9.3.5.3.1 India Health Intelligent Virtual Assistant Market by Technology
9.3.5.3.2 India Health Intelligent Virtual Assistant Market by End User
9.3.5.4 Japan Health Intelligent Virtual Assistant Market
9.3.5.4.1 Japan Health Intelligent Virtual Assistant Market by Technology
9.3.5.4.2 Japan Health Intelligent Virtual Assistant Market by End User
9.3.5.5 South Korea Health Intelligent Virtual Assistant Market
9.3.5.5.1 South Korea Health Intelligent Virtual Assistant Market by Technology
9.3.5.5.2 South Korea Health Intelligent Virtual Assistant Market by End User
9.3.5.6 Rest of Asia-Pacific Health Intelligent Virtual Assistant Market
9.3.5.6.1 Rest of Asia-Pacific Health Intelligent Virtual Assistant Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Health Intelligent Virtual Assistant Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Health Intelligent Virtual Assistant Market Overview
9.4.2 Middle East and Africa Health Intelligent Virtual Assistant Market Forecasts and Analysis
9.4.3 Middle East and Africa Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Health Intelligent Virtual Assistant Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Health Intelligent Virtual Assistant Market
9.4.5.1.1 South Africa Health Intelligent Virtual Assistant Market by Technology
9.4.5.1.2 South Africa Health Intelligent Virtual Assistant Market by End User
9.4.5.2 Saudi Arabia Health Intelligent Virtual Assistant Market
9.4.5.2.1 Saudi Arabia Health Intelligent Virtual Assistant Market by Technology
9.4.5.2.2 Saudi Arabia Health Intelligent Virtual Assistant Market by End User
9.4.5.3 Rest of Middle East and Africa Health Intelligent Virtual Assistant Market
9.4.5.3.1 Rest of Middle East and Africa Health Intelligent Virtual Assistant Market by Technology
9.4.5.3.2 Rest of Middle East and Africa Health Intelligent Virtual Assistant Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Health Intelligent Virtual Assistant Market Overview
9.5.2 South and Central America Health Intelligent Virtual Assistant Market Forecasts and Analysis
9.5.3 South and Central America Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Health Intelligent Virtual Assistant Market Forecasts and Analysis - By End User
9.5.5 South and Central America Health Intelligent Virtual Assistant Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Health Intelligent Virtual Assistant Market
9.5.5.1.1 Brazil Health Intelligent Virtual Assistant Market by Technology
9.5.5.1.2 Brazil Health Intelligent Virtual Assistant Market by End User
9.5.5.2 Argentina Health Intelligent Virtual Assistant Market
9.5.5.2.1 Argentina Health Intelligent Virtual Assistant Market by Technology
9.5.5.2.2 Argentina Health Intelligent Virtual Assistant Market by End User
9.5.5.3 Rest of South and Central America Health Intelligent Virtual Assistant Market
9.5.5.3.1 Rest of South and Central America Health Intelligent Virtual Assistant Market by Technology
9.5.5.3.2 Rest of South and Central America Health Intelligent Virtual Assistant Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HEALTH INTELLIGENT VIRTUAL ASSISTANT 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. HEALTH INTELLIGENT VIRTUAL ASSISTANT MARKET, KEY COMPANY PROFILES
12.1. NUANCE COMMUNICATIONS, INC.
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. CODEBABY CORPORATION
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. EGAIN CORPORATION
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. KOGNITO
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. MICROSOFT CORPORATION
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. MEDRESPOND
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. CSS CORPORATION
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. NEXT IT CORPORATION
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. TRUE IMAGE INTERACTIVE, INC.
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. WELLTOK, 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. Nuance Communications, Inc.
2. CodeBaby Corporation
3. eGain Corporation
4. Kognito
5. Microsoft Corporation
6. MedRespond
7. CSS Corporation
8. Next IT Corporation
9. True Image Interactive, Inc.
10. Welltok, 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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