Increasing AI applications in healthcare generates demand for healthcare training data for AI applications, growing adoption of smart machines among end-users, is expected to boost the image tagging and annotation services market over the forecast period. Further, increasing digitalization, growing deployment of image tagging & annotation tools to accurately label vast volumes of AI training data also positively impact the growth of the image tagging and annotation services market. Image tagging and annotation tools enable automotive manufacturers to develop smart applications for autonomous vehicles (AVs), connected and autonomous vehicles, driverless cars. Hence, image tagging and annotation service providers focus on developing specified techniques to facilitate the automation of 3D and 2D annotation for image data. This, in turn, increasing demand for the image tagging and annotation services market during the forecast period.
MARKET SCOPE
The "Global Image Tagging and Annotation Services Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the image tagging and annotation services market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading image tagging and annotation services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the market is segmented into image classification, object recognition/detection, and boundary recognition.
- Based on end user, the market is segmented into retail and ecommerce, BFSI, government and security, automotive, healthcare, IT and telecom, and others.
Drivers
- The growing adoption of image tagging & annotation services by machine learning and artificial intelligence companies are the primary factor boosting the growth of the image tagging and annotation services market.
- Rising adoption AI in annotation services is driving the growth of the image tagging and annotation services market.
- Restraints
- Data privacy and security concerns may hinder the growth of the image tagging and annotation services market.
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 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The image tagging and annotation services 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 the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 image tagging and annotation services market in these regions.
IMPACT OF COVID-19 ON IMAGE TAGGING AND ANNOTATION SERVICES MARKET
COVID-19 first began in Wuhan (China) in 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 of 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. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps 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 business collaborations and partnerships opportunities.
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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 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The image tagging and annotation services 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 the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 image tagging and annotation services market in these regions.
IMPACT OF COVID-19 ON IMAGE TAGGING AND ANNOTATION SERVICES MARKET
COVID-19 first began in Wuhan (China) in 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 of 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. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps 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 business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the image tagging and annotation services 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 the way for the expansion of the business and customer base of market players. The market players from the image tagging and annotation services market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the image tagging and annotation services 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.
- ADEC Innovations
- Anolytics
- BUNCH
- CapeStart Inc.
- clickworker GmbH
- Cogito Tech LLC
- KILI TECHNOLOGY
- Lionbridge Technologies, LLC.
- Qualitas Global Services B.V.
- Webtunix AI.
- 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 Image Tagging And Annotation Services Market - By Type
1.3.2 Image Tagging And Annotation Services Market - By End user
1.3.3 Image Tagging And Annotation Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IMAGE TAGGING AND ANNOTATION SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. IMAGE TAGGING AND ANNOTATION SERVICES 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. IMAGE TAGGING AND ANNOTATION SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. IMAGE TAGGING AND ANNOTATION SERVICES - GLOBAL MARKET OVERVIEW
6.2. IMAGE TAGGING AND ANNOTATION SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IMAGE TAGGING AND ANNOTATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. IMAGE CLASSIFICATION
7.3.1. Overview
7.3.2. Image Classification Market Forecast and Analysis
7.4. OBJECT RECOGNITION/DETECTION
7.4.1. Overview
7.4.2. Object Recognition/Detection Market Forecast and Analysis
7.5. BOUNDARY RECOGNITION
7.5.1. Overview
7.5.2. Boundary Recognition Market Forecast and Analysis
8. IMAGE TAGGING AND ANNOTATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. RETAIL AND ECOMMERCE
8.3.1. Overview
8.3.2. Retail and eCommerce Market Forecast and Analysis
8.4. BFSI
8.4.1. Overview
8.4.2. BFSI Market Forecast and Analysis
8.5. GOVERNMENT AND SECURITY
8.5.1. Overview
8.5.2. Government and Security Market Forecast and Analysis
8.6. AUTOMOTIVE
8.6.1. Overview
8.6.2. Automotive Market Forecast and Analysis
8.7. HEALTHCARE
8.7.1. Overview
8.7.2. Healthcare Market Forecast and Analysis
8.8. IT AND TELECOM
8.8.1. Overview
8.8.2. IT and Telecom Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. IMAGE TAGGING AND ANNOTATION SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Image Tagging And Annotation Services Market Overview
9.1.2 North America Image Tagging And Annotation Services Market Forecasts and Analysis
9.1.3 North America Image Tagging And Annotation Services Market Forecasts and Analysis - By Type
9.1.4 North America Image Tagging And Annotation Services Market Forecasts and Analysis - By End user
9.1.5 North America Image Tagging And Annotation Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Image Tagging And Annotation Services Market
9.1.5.1.1 United States Image Tagging And Annotation Services Market by Type
9.1.5.1.2 United States Image Tagging And Annotation Services Market by End user
9.1.5.2 Canada Image Tagging And Annotation Services Market
9.1.5.2.1 Canada Image Tagging And Annotation Services Market by Type
9.1.5.2.2 Canada Image Tagging And Annotation Services Market by End user
9.1.5.3 Mexico Image Tagging And Annotation Services Market
9.1.5.3.1 Mexico Image Tagging And Annotation Services Market by Type
9.1.5.3.2 Mexico Image Tagging And Annotation Services Market by End user
9.2. EUROPE
9.2.1 Europe Image Tagging And Annotation Services Market Overview
9.2.2 Europe Image Tagging And Annotation Services Market Forecasts and Analysis
9.2.3 Europe Image Tagging And Annotation Services Market Forecasts and Analysis - By Type
9.2.4 Europe Image Tagging And Annotation Services Market Forecasts and Analysis - By End user
9.2.5 Europe Image Tagging And Annotation Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Image Tagging And Annotation Services Market
9.2.5.1.1 Germany Image Tagging And Annotation Services Market by Type
9.2.5.1.2 Germany Image Tagging And Annotation Services Market by End user
9.2.5.2 France Image Tagging And Annotation Services Market
9.2.5.2.1 France Image Tagging And Annotation Services Market by Type
9.2.5.2.2 France Image Tagging And Annotation Services Market by End user
9.2.5.3 Italy Image Tagging And Annotation Services Market
9.2.5.3.1 Italy Image Tagging And Annotation Services Market by Type
9.2.5.3.2 Italy Image Tagging And Annotation Services Market by End user
9.2.5.4 United Kingdom Image Tagging And Annotation Services Market
9.2.5.4.1 United Kingdom Image Tagging And Annotation Services Market by Type
9.2.5.4.2 United Kingdom Image Tagging And Annotation Services Market by End user
9.2.5.5 Russia Image Tagging And Annotation Services Market
9.2.5.5.1 Russia Image Tagging And Annotation Services Market by Type
9.2.5.5.2 Russia Image Tagging And Annotation Services Market by End user
9.2.5.6 Rest of Europe Image Tagging And Annotation Services Market
9.2.5.6.1 Rest of Europe Image Tagging And Annotation Services Market by Type
9.2.5.6.2 Rest of Europe Image Tagging And Annotation Services Market by End user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Image Tagging And Annotation Services Market Overview
9.3.2 Asia-Pacific Image Tagging And Annotation Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Image Tagging And Annotation Services Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Image Tagging And Annotation Services Market Forecasts and Analysis - By End user
9.3.5 Asia-Pacific Image Tagging And Annotation Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Image Tagging And Annotation Services Market
9.3.5.1.1 Australia Image Tagging And Annotation Services Market by Type
9.3.5.1.2 Australia Image Tagging And Annotation Services Market by End user
9.3.5.2 China Image Tagging And Annotation Services Market
9.3.5.2.1 China Image Tagging And Annotation Services Market by Type
9.3.5.2.2 China Image Tagging And Annotation Services Market by End user
9.3.5.3 India Image Tagging And Annotation Services Market
9.3.5.3.1 India Image Tagging And Annotation Services Market by Type
9.3.5.3.2 India Image Tagging And Annotation Services Market by End user
9.3.5.4 Japan Image Tagging And Annotation Services Market
9.3.5.4.1 Japan Image Tagging And Annotation Services Market by Type
9.3.5.4.2 Japan Image Tagging And Annotation Services Market by End user
9.3.5.5 South Korea Image Tagging And Annotation Services Market
9.3.5.5.1 South Korea Image Tagging And Annotation Services Market by Type
9.3.5.5.2 South Korea Image Tagging And Annotation Services Market by End user
9.3.5.6 Rest of Asia-Pacific Image Tagging And Annotation Services Market
9.3.5.6.1 Rest of Asia-Pacific Image Tagging And Annotation Services Market by Type
9.3.5.6.2 Rest of Asia-Pacific Image Tagging And Annotation Services Market by End user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Image Tagging And Annotation Services Market Overview
9.4.2 Middle East and Africa Image Tagging And Annotation Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Image Tagging And Annotation Services Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Image Tagging And Annotation Services Market Forecasts and Analysis - By End user
9.4.5 Middle East and Africa Image Tagging And Annotation Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Image Tagging And Annotation Services Market
9.4.5.1.1 South Africa Image Tagging And Annotation Services Market by Type
9.4.5.1.2 South Africa Image Tagging And Annotation Services Market by End user
9.4.5.2 Saudi Arabia Image Tagging And Annotation Services Market
9.4.5.2.1 Saudi Arabia Image Tagging And Annotation Services Market by Type
9.4.5.2.2 Saudi Arabia Image Tagging And Annotation Services Market by End user
9.4.5.3 U.A.E Image Tagging And Annotation Services Market
9.4.5.3.1 U.A.E Image Tagging And Annotation Services Market by Type
9.4.5.3.2 U.A.E Image Tagging And Annotation Services Market by End user
9.4.5.4 Rest of Middle East and Africa Image Tagging And Annotation Services Market
9.4.5.4.1 Rest of Middle East and Africa Image Tagging And Annotation Services Market by Type
9.4.5.4.2 Rest of Middle East and Africa Image Tagging And Annotation Services Market by End user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Image Tagging And Annotation Services Market Overview
9.5.2 South and Central America Image Tagging And Annotation Services Market Forecasts and Analysis
9.5.3 South and Central America Image Tagging And Annotation Services Market Forecasts and Analysis - By Type
9.5.4 South and Central America Image Tagging And Annotation Services Market Forecasts and Analysis - By End user
9.5.5 South and Central America Image Tagging And Annotation Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Image Tagging And Annotation Services Market
9.5.5.1.1 Brazil Image Tagging And Annotation Services Market by Type
9.5.5.1.2 Brazil Image Tagging And Annotation Services Market by End user
9.5.5.2 Argentina Image Tagging And Annotation Services Market
9.5.5.2.1 Argentina Image Tagging And Annotation Services Market by Type
9.5.5.2.2 Argentina Image Tagging And Annotation Services Market by End user
9.5.5.3 Rest of South and Central America Image Tagging And Annotation Services Market
9.5.5.3.1 Rest of South and Central America Image Tagging And Annotation Services Market by Type
9.5.5.3.2 Rest of South and Central America Image Tagging And Annotation Services Market by End user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IMAGE TAGGING AND ANNOTATION SERVICES MARKET, KEY COMPANY PROFILES
11.1. ADEC INNOVATIONS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ANOLYTICS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BUNCH
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CAPESTART INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CLICKWORKER GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. COGITO TECH LLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KILI TECHNOLOGY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LIONBRIDGE TECHNOLOGIES, LLC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. QUALITAS GLOBAL SERVICES B.V.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WEBTUNIX AI.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.ADEC Innovations
2.Anolytics
3.BUNCH
4.CapeStart Inc.
5.clickworker GmbH
6.Cogito Tech LLC
7.KILI TECHNOLOGY
8.Lionbridge Technologies, LLC.
9.Qualitas Global Services B.V.
10.Webtunix AI.
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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