The demand for mobile banking applications is experiencing high growth on account user-friendly interface and widespread adoption of smart portable devices. The rise of internet banking and relative ease of use are acting as a booster for the development of mobile banking applications. Besides, government initiatives in developing countries such as India are encouraging mobile transactions and creating a favorable market scenario.
MARKET DYNAMICS
The mobile banking application market is anticipated to grow in the forecast period owing to driving factors such as increasing user demand coupled with the rapid adoption of smart mobile devices. Also, the ease of banking associated with these applications is further expected to bolster the growth of the mobile banking application market. However, cybersecurity attacks and dependency on internet connections may hamper the overall market growth. Nonetheless, the end-user demand is expected to offer lucrative opportunities to the key players of mobile banking application market during the forecast period.
MARKET SCOPE
The "Global Mobile Banking Application Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of mobile banking application market with detailed market segmentation by offering, deployment, application, and geography. The global mobile banking application market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading mobile banking application market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global mobile banking application market is segmented on the basis of offering, deployment, and application. Based on offering, the market is segmented as solution and services. On the basis of the deployment, the market is segmented as native apps and cloud based. The market on the basis of the application is classified as corporate and retail.
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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 mobile banking application 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), Middle East and Africa (MEA) and South & Central America. The mobile banking application 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 mobile banking application market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors affecting the mobile banking application market in these regions.
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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 mobile banking application 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), Middle East and Africa (MEA) and South & Central America. The mobile banking application 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 mobile banking application market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors affecting the mobile banking application market in these regions.
MARKET PLAYERS
The reports cover key developments in the mobile banking application 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 business and customer base of market players. The market players from mobile banking application market are anticipated to lucrative growth opportunities in the future with the rising demand for mobile banking application in the global market. Below mentioned is the list of few companies engaged in the mobile banking application market.
The report also includes the profiles of key mobile banking application companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Accenture PLC
- ACI Worldwide
- Computer Services Inc.
- Fiserv Inc.
- IDEALINVENT Technologies P Ltd.
- Infosys Limited
- Jack Henry and Associates Inc. Banno
- Sync1 Systems
- Tata Consultancy Services Limited
- Tyfone Inc.
- 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 Mobile Banking Application Market - By Offering
1.3.2 Mobile Banking Application Market - By Deployment
1.3.3 Mobile Banking Application Market - By Applicaiton
1.3.4 Mobile Banking Application Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. MOBILE BANKING APPLICATION 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MOBILE BANKING APPLICATION 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MOBILE BANKING APPLICATION MARKET - GLOBAL MARKET ANALYSIS
6.1. MOBILE BANKING APPLICATION - GLOBAL MARKET OVERVIEW
6.2. MOBILE BANKING APPLICATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MOBILE BANKING APPLICATION MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.3.3. Products Market
7.3.3.1. Overview
7.3.3.2. Products Market Forecast and Analysis
7.3.4. Platform Market
7.3.4.1. Overview
7.3.4.2. Platform Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Professional Service Market
7.4.3.1. Overview
7.4.3.2. Professional Service Market Forecast and Analysis
7.4.4. Managed Service Market
7.4.4.1. Overview
7.4.4.2. Managed Service Market Forecast and Analysis
8. MOBILE BANKING APPLICATION MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. NATIVE APPS
8.3.1. Overview
8.3.2. Native Apps Market Forecast and Analysis
8.4. CLOUD BASED
8.4.1. Overview
8.4.2. Cloud Based Market Forecast and Analysis
9. MOBILE BANKING APPLICATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICAITON
9.1. OVERVIEW
9.2. APPLICAITON MARKET FORECASTS AND ANALYSIS
9.3. CORPORATE
9.3.1. Overview
9.3.2. Corporate Market Forecast and Analysis
9.4. RETAIL
9.4.1. Overview
9.4.2. Retail Market Forecast and Analysis
10. MOBILE BANKING APPLICATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Mobile Banking Application Market Overview
10.1.2 North America Mobile Banking Application Market Forecasts and Analysis
10.1.3 North America Mobile Banking Application Market Forecasts and Analysis - By Offering
10.1.4 North America Mobile Banking Application Market Forecasts and Analysis - By Deployment
10.1.5 North America Mobile Banking Application Market Forecasts and Analysis - By Applicaiton
10.1.6 North America Mobile Banking Application Market Forecasts and Analysis - By Countries
10.1.6.1 United States Mobile Banking Application Market
10.1.6.1.1 United States Mobile Banking Application Market by Offering
10.1.6.1.2 United States Mobile Banking Application Market by Deployment
10.1.6.1.3 United States Mobile Banking Application Market by Applicaiton
10.1.6.2 Canada Mobile Banking Application Market
10.1.6.2.1 Canada Mobile Banking Application Market by Offering
10.1.6.2.2 Canada Mobile Banking Application Market by Deployment
10.1.6.2.3 Canada Mobile Banking Application Market by Applicaiton
10.1.6.3 Mexico Mobile Banking Application Market
10.1.6.3.1 Mexico Mobile Banking Application Market by Offering
10.1.6.3.2 Mexico Mobile Banking Application Market by Deployment
10.1.6.3.3 Mexico Mobile Banking Application Market by Applicaiton
10.2. EUROPE
10.2.1 Europe Mobile Banking Application Market Overview
10.2.2 Europe Mobile Banking Application Market Forecasts and Analysis
10.2.3 Europe Mobile Banking Application Market Forecasts and Analysis - By Offering
10.2.4 Europe Mobile Banking Application Market Forecasts and Analysis - By Deployment
10.2.5 Europe Mobile Banking Application Market Forecasts and Analysis - By Applicaiton
10.2.6 Europe Mobile Banking Application Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Mobile Banking Application Market
10.2.6.1.1 Germany Mobile Banking Application Market by Offering
10.2.6.1.2 Germany Mobile Banking Application Market by Deployment
10.2.6.1.3 Germany Mobile Banking Application Market by Applicaiton
10.2.6.2 France Mobile Banking Application Market
10.2.6.2.1 France Mobile Banking Application Market by Offering
10.2.6.2.2 France Mobile Banking Application Market by Deployment
10.2.6.2.3 France Mobile Banking Application Market by Applicaiton
10.2.6.3 Italy Mobile Banking Application Market
10.2.6.3.1 Italy Mobile Banking Application Market by Offering
10.2.6.3.2 Italy Mobile Banking Application Market by Deployment
10.2.6.3.3 Italy Mobile Banking Application Market by Applicaiton
10.2.6.4 United Kingdom Mobile Banking Application Market
10.2.6.4.1 United Kingdom Mobile Banking Application Market by Offering
10.2.6.4.2 United Kingdom Mobile Banking Application Market by Deployment
10.2.6.4.3 United Kingdom Mobile Banking Application Market by Applicaiton
10.2.6.5 Russia Mobile Banking Application Market
10.2.6.5.1 Russia Mobile Banking Application Market by Offering
10.2.6.5.2 Russia Mobile Banking Application Market by Deployment
10.2.6.5.3 Russia Mobile Banking Application Market by Applicaiton
10.2.6.6 Rest of Europe Mobile Banking Application Market
10.2.6.6.1 Rest of Europe Mobile Banking Application Market by Offering
10.2.6.6.2 Rest of Europe Mobile Banking Application Market by Deployment
10.2.6.6.3 Rest of Europe Mobile Banking Application Market by Applicaiton
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Mobile Banking Application Market Overview
10.3.2 Asia-Pacific Mobile Banking Application Market Forecasts and Analysis
10.3.3 Asia-Pacific Mobile Banking Application Market Forecasts and Analysis - By Offering
10.3.4 Asia-Pacific Mobile Banking Application Market Forecasts and Analysis - By Deployment
10.3.5 Asia-Pacific Mobile Banking Application Market Forecasts and Analysis - By Applicaiton
10.3.6 Asia-Pacific Mobile Banking Application Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Mobile Banking Application Market
10.3.6.1.1 Australia Mobile Banking Application Market by Offering
10.3.6.1.2 Australia Mobile Banking Application Market by Deployment
10.3.6.1.3 Australia Mobile Banking Application Market by Applicaiton
10.3.6.2 China Mobile Banking Application Market
10.3.6.2.1 China Mobile Banking Application Market by Offering
10.3.6.2.2 China Mobile Banking Application Market by Deployment
10.3.6.2.3 China Mobile Banking Application Market by Applicaiton
10.3.6.3 India Mobile Banking Application Market
10.3.6.3.1 India Mobile Banking Application Market by Offering
10.3.6.3.2 India Mobile Banking Application Market by Deployment
10.3.6.3.3 India Mobile Banking Application Market by Applicaiton
10.3.6.4 Japan Mobile Banking Application Market
10.3.6.4.1 Japan Mobile Banking Application Market by Offering
10.3.6.4.2 Japan Mobile Banking Application Market by Deployment
10.3.6.4.3 Japan Mobile Banking Application Market by Applicaiton
10.3.6.5 South Korea Mobile Banking Application Market
10.3.6.5.1 South Korea Mobile Banking Application Market by Offering
10.3.6.5.2 South Korea Mobile Banking Application Market by Deployment
10.3.6.5.3 South Korea Mobile Banking Application Market by Applicaiton
10.3.6.6 Rest of Asia-Pacific Mobile Banking Application Market
10.3.6.6.1 Rest of Asia-Pacific Mobile Banking Application Market by Offering
10.3.6.6.2 Rest of Asia-Pacific Mobile Banking Application Market by Deployment
10.3.6.6.3 Rest of Asia-Pacific Mobile Banking Application Market by Applicaiton
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Mobile Banking Application Market Overview
10.4.2 Middle East and Africa Mobile Banking Application Market Forecasts and Analysis
10.4.3 Middle East and Africa Mobile Banking Application Market Forecasts and Analysis - By Offering
10.4.4 Middle East and Africa Mobile Banking Application Market Forecasts and Analysis - By Deployment
10.4.5 Middle East and Africa Mobile Banking Application Market Forecasts and Analysis - By Applicaiton
10.4.6 Middle East and Africa Mobile Banking Application Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Mobile Banking Application Market
10.4.6.1.1 South Africa Mobile Banking Application Market by Offering
10.4.6.1.2 South Africa Mobile Banking Application Market by Deployment
10.4.6.1.3 South Africa Mobile Banking Application Market by Applicaiton
10.4.6.2 Saudi Arabia Mobile Banking Application Market
10.4.6.2.1 Saudi Arabia Mobile Banking Application Market by Offering
10.4.6.2.2 Saudi Arabia Mobile Banking Application Market by Deployment
10.4.6.2.3 Saudi Arabia Mobile Banking Application Market by Applicaiton
10.4.6.3 U.A.E Mobile Banking Application Market
10.4.6.3.1 U.A.E Mobile Banking Application Market by Offering
10.4.6.3.2 U.A.E Mobile Banking Application Market by Deployment
10.4.6.3.3 U.A.E Mobile Banking Application Market by Applicaiton
10.4.6.4 Rest of Middle East and Africa Mobile Banking Application Market
10.4.6.4.1 Rest of Middle East and Africa Mobile Banking Application Market by Offering
10.4.6.4.2 Rest of Middle East and Africa Mobile Banking Application Market by Deployment
10.4.6.4.3 Rest of Middle East and Africa Mobile Banking Application Market by Applicaiton
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Mobile Banking Application Market Overview
10.5.2 South and Central America Mobile Banking Application Market Forecasts and Analysis
10.5.3 South and Central America Mobile Banking Application Market Forecasts and Analysis - By Offering
10.5.4 South and Central America Mobile Banking Application Market Forecasts and Analysis - By Deployment
10.5.5 South and Central America Mobile Banking Application Market Forecasts and Analysis - By Applicaiton
10.5.6 South and Central America Mobile Banking Application Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Mobile Banking Application Market
10.5.6.1.1 Brazil Mobile Banking Application Market by Offering
10.5.6.1.2 Brazil Mobile Banking Application Market by Deployment
10.5.6.1.3 Brazil Mobile Banking Application Market by Applicaiton
10.5.6.2 Argentina Mobile Banking Application Market
10.5.6.2.1 Argentina Mobile Banking Application Market by Offering
10.5.6.2.2 Argentina Mobile Banking Application Market by Deployment
10.5.6.2.3 Argentina Mobile Banking Application Market by Applicaiton
10.5.6.3 Rest of South and Central America Mobile Banking Application Market
10.5.6.3.1 Rest of South and Central America Mobile Banking Application Market by Offering
10.5.6.3.2 Rest of South and Central America Mobile Banking Application Market by Deployment
10.5.6.3.3 Rest of South and Central America Mobile Banking Application Market by Applicaiton
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. MOBILE BANKING APPLICATION MARKET, KEY COMPANY PROFILES
12.1. ACCENTURE PLC
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. ACI WORLDWIDE
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. COMPUTER SERVICES INC.
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. FISERV INC.
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. IDEALINVENT TECHNOLOGIES P LTD.
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. INFOSYS LIMITED
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. JACK HENRY AND ASSOCIATES INC. BANNO
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. SYNC1 SYSTEMS
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. TATA CONSULTANCY SERVICES LIMITED
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. TYFONE 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. Accenture PLC
2. ACI Worldwide
3. Computer Services Inc.
4. Fiserv Inc.
5. IDEALINVENT Technologies P Ltd.
6. Infosys Limited
7. Jack Henry and Associates Inc. Banno
8. Sync1 Systems
9. Tata Consultancy Services Limited
10. Tyfone 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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