Smart Doorbell Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Smart Doorbell Market covers analysis by Product Type (Wired Smart Doorbells, Wireless Smart Doorbells); Component (Hardware, Software, Service); End-User (Corporate, Residential, Industrial) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00009729
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

A smart doorbell is connected to the internet, which sends a notification to the smartphone when a visitor presses the button. It has integrated motion sensors; the doorbell senses a visitor through the sensor. The smart doorbell also enables the owner to view and communicate with the visitor through a built-in microphone and high definition camera. Due to the growing trend of home automation and continuous research and development is propelling the growth of the market. Additionally, the presence of smart doorbell solution providers would also boost the growth of the smart doorbell market.

MARKET DYNAMICS

The rising spend on home automation enabling equipment, such as smart doorbells, is driving the growth of the global smart doorbell market. However, security challenges might hinder the growth of the global smart doorbell market. Furthermore, swift growth in smart cities across the world is expected to create business opportunities.

MARKET SCOPE

The "Global Smart Doorbell Market Analysis to 2028” 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 global smart doorbell market with detailed market segmentation by product type, component, end-user and geography. The global smart doorbell market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart doorbell market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global smart doorbell market is segmented on by product type, component and end-user. On the basis of product type, the smart doorbell market is segmented into wired smart doorbells and wireless smart doorbells. On the basis of component, the smart doorbell market is segmented into hardware, software and service. On the basis of end-user, the smart doorbell market is segmented into corporate, residential and industrial.

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 smart doorbell market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart doorbell market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the smart doorbell 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 Porter's Five Forces Analysis on a global scenario.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart doorbell market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart doorbell market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the smart doorbell 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 Porter's Five Forces Analysis on a global scenario.

MARKET PLAYERS

The reports cover key developments in the smart doorbell 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 smart doorbell market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace bearings in the global market. Below mentioned is the list of few companies engaged in the smart doorbell market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart doorbell 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 three years, the key development in the past five years.

  •  Aeotec Limited
  •  Arlo Technologies Inc.
  •  August Home Inc.
  •  Eques Inc.
  •  Google LLC
  •  iseeBell Inc.
  •  Ring LLC
  •  SkyBell Technologies Inc.
  •  Soliom Solar Home Security
  •  Xiaomi Corp.

    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
    Report Coverage

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

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

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

    Country Scope
    Country Scope

    This text is related
    to country scope.

    TABLE OF CONTENTS

    1. INTRODUCTION
    1.1. SCOPE OF THE STUDY
    1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
    1.3. MARKET SEGMENTATION
    1.3.1 Smart Doorbell Market - By Product Type
    1.3.2 Smart Doorbell Market - By Component
    1.3.3 Smart Doorbell Market - By End-User
    1.3.4 Smart Doorbell Market - By Region
    1.3.4.1 By Country

    2. KEY TAKEWAYS

    3. RESEARCH METHODOLOGY

    4. SMART DOORBELL 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. SMART DOORBELL 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. SMART DOORBELL MARKET - GLOBAL MARKET ANALYSIS
    6.1. SMART DOORBELL - GLOBAL MARKET OVERVIEW
    6.2. SMART DOORBELL - GLOBAL MARKET AND FORECAST TO 2028
    6.3. MARKET POSITIONING/MARKET SHARE

    7. SMART DOORBELL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
    7.1. OVERVIEW
    7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
    7.3. WIRED SMART DOORBELLS
    7.3.1. Overview
    7.3.2. Wired Smart Doorbells Market Forecast and Analysis
    7.4. WIRELESS SMART DOORBELLS
    7.4.1. Overview
    7.4.2. Wireless Smart Doorbells Market Forecast and Analysis
    8. SMART DOORBELL MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
    8.1. OVERVIEW
    8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
    8.3. HARDWARE
    8.3.1. Overview
    8.3.2. Hardware Market Forecast and Analysis
    8.4. SOFTWARE
    8.4.1. Overview
    8.4.2. Software Market Forecast and Analysis
    8.5. SERVICE
    8.5.1. Overview
    8.5.2. Service Market Forecast and Analysis
    9. SMART DOORBELL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
    9.1. OVERVIEW
    9.2. END-USER MARKET FORECASTS AND ANALYSIS
    9.3. CORPORATE
    9.3.1. Overview
    9.3.2. Corporate Market Forecast and Analysis
    9.4. RESIDENTIAL
    9.4.1. Overview
    9.4.2. Residential Market Forecast and Analysis
    9.5. INDUSTRIAL
    9.5.1. Overview
    9.5.2. Industrial Market Forecast and Analysis

    10. SMART DOORBELL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
    10.1. NORTH AMERICA
    10.1.1 North America Smart Doorbell Market Overview
    10.1.2 North America Smart Doorbell Market Forecasts and Analysis
    10.1.3 North America Smart Doorbell Market Forecasts and Analysis - By Product Type
    10.1.4 North America Smart Doorbell Market Forecasts and Analysis - By Component
    10.1.5 North America Smart Doorbell Market Forecasts and Analysis - By End-User
    10.1.6 North America Smart Doorbell Market Forecasts and Analysis - By Countries
    10.1.6.1 United States Smart Doorbell Market
    10.1.6.1.1 United States Smart Doorbell Market by Product Type
    10.1.6.1.2 United States Smart Doorbell Market by Component
    10.1.6.1.3 United States Smart Doorbell Market by End-User
    10.1.6.2 Canada Smart Doorbell Market
    10.1.6.2.1 Canada Smart Doorbell Market by Product Type
    10.1.6.2.2 Canada Smart Doorbell Market by Component
    10.1.6.2.3 Canada Smart Doorbell Market by End-User
    10.1.6.3 Mexico Smart Doorbell Market
    10.1.6.3.1 Mexico Smart Doorbell Market by Product Type
    10.1.6.3.2 Mexico Smart Doorbell Market by Component
    10.1.6.3.3 Mexico Smart Doorbell Market by End-User
    10.2. EUROPE
    10.2.1 Europe Smart Doorbell Market Overview
    10.2.2 Europe Smart Doorbell Market Forecasts and Analysis
    10.2.3 Europe Smart Doorbell Market Forecasts and Analysis - By Product Type
    10.2.4 Europe Smart Doorbell Market Forecasts and Analysis - By Component
    10.2.5 Europe Smart Doorbell Market Forecasts and Analysis - By End-User
    10.2.6 Europe Smart Doorbell Market Forecasts and Analysis - By Countries
    10.2.6.1 Germany Smart Doorbell Market
    10.2.6.1.1 Germany Smart Doorbell Market by Product Type
    10.2.6.1.2 Germany Smart Doorbell Market by Component
    10.2.6.1.3 Germany Smart Doorbell Market by End-User
    10.2.6.2 France Smart Doorbell Market
    10.2.6.2.1 France Smart Doorbell Market by Product Type
    10.2.6.2.2 France Smart Doorbell Market by Component
    10.2.6.2.3 France Smart Doorbell Market by End-User
    10.2.6.3 Italy Smart Doorbell Market
    10.2.6.3.1 Italy Smart Doorbell Market by Product Type
    10.2.6.3.2 Italy Smart Doorbell Market by Component
    10.2.6.3.3 Italy Smart Doorbell Market by End-User
    10.2.6.4 United Kingdom Smart Doorbell Market
    10.2.6.4.1 United Kingdom Smart Doorbell Market by Product Type
    10.2.6.4.2 United Kingdom Smart Doorbell Market by Component
    10.2.6.4.3 United Kingdom Smart Doorbell Market by End-User
    10.2.6.5 Russia Smart Doorbell Market
    10.2.6.5.1 Russia Smart Doorbell Market by Product Type
    10.2.6.5.2 Russia Smart Doorbell Market by Component
    10.2.6.5.3 Russia Smart Doorbell Market by End-User
    10.2.6.6 Rest of Europe Smart Doorbell Market
    10.2.6.6.1 Rest of Europe Smart Doorbell Market by Product Type
    10.2.6.6.2 Rest of Europe Smart Doorbell Market by Component
    10.2.6.6.3 Rest of Europe Smart Doorbell Market by End-User
    10.3. ASIA-PACIFIC
    10.3.1 Asia-Pacific Smart Doorbell Market Overview
    10.3.2 Asia-Pacific Smart Doorbell Market Forecasts and Analysis
    10.3.3 Asia-Pacific Smart Doorbell Market Forecasts and Analysis - By Product Type
    10.3.4 Asia-Pacific Smart Doorbell Market Forecasts and Analysis - By Component
    10.3.5 Asia-Pacific Smart Doorbell Market Forecasts and Analysis - By End-User
    10.3.6 Asia-Pacific Smart Doorbell Market Forecasts and Analysis - By Countries
    10.3.6.1 Australia Smart Doorbell Market
    10.3.6.1.1 Australia Smart Doorbell Market by Product Type
    10.3.6.1.2 Australia Smart Doorbell Market by Component
    10.3.6.1.3 Australia Smart Doorbell Market by End-User
    10.3.6.2 China Smart Doorbell Market
    10.3.6.2.1 China Smart Doorbell Market by Product Type
    10.3.6.2.2 China Smart Doorbell Market by Component
    10.3.6.2.3 China Smart Doorbell Market by End-User
    10.3.6.3 India Smart Doorbell Market
    10.3.6.3.1 India Smart Doorbell Market by Product Type
    10.3.6.3.2 India Smart Doorbell Market by Component
    10.3.6.3.3 India Smart Doorbell Market by End-User
    10.3.6.4 Japan Smart Doorbell Market
    10.3.6.4.1 Japan Smart Doorbell Market by Product Type
    10.3.6.4.2 Japan Smart Doorbell Market by Component
    10.3.6.4.3 Japan Smart Doorbell Market by End-User
    10.3.6.5 South Korea Smart Doorbell Market
    10.3.6.5.1 South Korea Smart Doorbell Market by Product Type
    10.3.6.5.2 South Korea Smart Doorbell Market by Component
    10.3.6.5.3 South Korea Smart Doorbell Market by End-User
    10.3.6.6 Rest of Asia-Pacific Smart Doorbell Market
    10.3.6.6.1 Rest of Asia-Pacific Smart Doorbell Market by Product Type
    10.3.6.6.2 Rest of Asia-Pacific Smart Doorbell Market by Component
    10.3.6.6.3 Rest of Asia-Pacific Smart Doorbell Market by End-User
    10.4. MIDDLE EAST AND AFRICA
    10.4.1 Middle East and Africa Smart Doorbell Market Overview
    10.4.2 Middle East and Africa Smart Doorbell Market Forecasts and Analysis
    10.4.3 Middle East and Africa Smart Doorbell Market Forecasts and Analysis - By Product Type
    10.4.4 Middle East and Africa Smart Doorbell Market Forecasts and Analysis - By Component
    10.4.5 Middle East and Africa Smart Doorbell Market Forecasts and Analysis - By End-User
    10.4.6 Middle East and Africa Smart Doorbell Market Forecasts and Analysis - By Countries
    10.4.6.1 South Africa Smart Doorbell Market
    10.4.6.1.1 South Africa Smart Doorbell Market by Product Type
    10.4.6.1.2 South Africa Smart Doorbell Market by Component
    10.4.6.1.3 South Africa Smart Doorbell Market by End-User
    10.4.6.2 Saudi Arabia Smart Doorbell Market
    10.4.6.2.1 Saudi Arabia Smart Doorbell Market by Product Type
    10.4.6.2.2 Saudi Arabia Smart Doorbell Market by Component
    10.4.6.2.3 Saudi Arabia Smart Doorbell Market by End-User
    10.4.6.3 U.A.E Smart Doorbell Market
    10.4.6.3.1 U.A.E Smart Doorbell Market by Product Type
    10.4.6.3.2 U.A.E Smart Doorbell Market by Component
    10.4.6.3.3 U.A.E Smart Doorbell Market by End-User
    10.4.6.4 Rest of Middle East and Africa Smart Doorbell Market
    10.4.6.4.1 Rest of Middle East and Africa Smart Doorbell Market by Product Type
    10.4.6.4.2 Rest of Middle East and Africa Smart Doorbell Market by Component
    10.4.6.4.3 Rest of Middle East and Africa Smart Doorbell Market by End-User
    10.5. SOUTH AND CENTRAL AMERICA
    10.5.1 South and Central America Smart Doorbell Market Overview
    10.5.2 South and Central America Smart Doorbell Market Forecasts and Analysis
    10.5.3 South and Central America Smart Doorbell Market Forecasts and Analysis - By Product Type
    10.5.4 South and Central America Smart Doorbell Market Forecasts and Analysis - By Component
    10.5.5 South and Central America Smart Doorbell Market Forecasts and Analysis - By End-User
    10.5.6 South and Central America Smart Doorbell Market Forecasts and Analysis - By Countries
    10.5.6.1 Brazil Smart Doorbell Market
    10.5.6.1.1 Brazil Smart Doorbell Market by Product Type
    10.5.6.1.2 Brazil Smart Doorbell Market by Component
    10.5.6.1.3 Brazil Smart Doorbell Market by End-User
    10.5.6.2 Argentina Smart Doorbell Market
    10.5.6.2.1 Argentina Smart Doorbell Market by Product Type
    10.5.6.2.2 Argentina Smart Doorbell Market by Component
    10.5.6.2.3 Argentina Smart Doorbell Market by End-User
    10.5.6.3 Rest of South and Central America Smart Doorbell Market
    10.5.6.3.1 Rest of South and Central America Smart Doorbell Market by Product Type
    10.5.6.3.2 Rest of South and Central America Smart Doorbell Market by Component
    10.5.6.3.3 Rest of South and Central America Smart Doorbell Market by End-User

    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. SMART DOORBELL MARKET, KEY COMPANY PROFILES
    12.1. AEOTEC LIMITED
    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. ARLO TECHNOLOGIES INC.
    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. AUGUST HOME 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. EQUES 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. GOOGLE LLC
    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. ISEEBELL INC.
    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. RING LLC
    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. SKYBELL TECHNOLOGIES INC.
    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. SOLIOM SOLAR HOME SECURITY
    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. XIAOMI CORP.
    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
    List of Companies

    1. Aeotec Limited
    2. Arlo Technologies Inc.
    3. August Home Inc.
    4. Eques Inc.
    5. Google LLC
    6. iseeBell Inc.
    7. Ring LLC
    8. SkyBell Technologies Inc.
    9. Soliom Solar Home Security
    10. Xiaomi Corp.

    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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