Beacon Technology Market By Platform (ibeacon, Altbeacon, Eddystone), Deployment Model (cloud And On-premise), Application (retail, Tourism & Hospitality, Financial Institutions Real-estate Education, Travel, Healthcare) And Technology (wi-fi, Ble, Combined Technologies, Ultrasound) - Global Industry Analysis And Forecast To 2023

Published On : June 2018 Pages : 177 Category: Next Generation Technology Report Code : IC061003

Industry Outlook and Trend Analysis

The Beacon Technology Market was worth USD 54.34 million in 2014 and is expected to reach approximately USD 10474.30 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 79.43% during the forecast period. The beacon technology market is picking up traction because of reliably developing interest for proximity-based marketing solutions in the retail condition. As there is an expanding requirement for customized service experience by clients, retailers are exploring modern technological options for enhancing in-store advertising endeavours.  With smartphones ready to develop as the pervasive technology of the 21st century, their fast adoption around the globe is boosting the development of the beacon technology market. In addition, government offices around the globe are concentrating on creating smart city projects to modernize the urban framework and make very associated urban areas by utilizing innovative technologies.

Platform Outlook and Trend Analysis

The iBeacon platform is anticipated to command the market by 2024 with a major share of the market of more than 55% as the stage is the pioneer in launching Bluetooth Low Energy (BLE) wireless technology. As different vendors forcefully started producing and commercializing iBeacon compatible beacon transmitters not long after Apple introduced this platform in 2013, it got the first mover's benefit and caught a tremendous share of the beacon technology market.

Deployment Outlook and Trend Analysis

The on-premise deployment model holds the significant share of the beacon technology market in 2016, and it is anticipated to keep up this predominance over the forecast period as the vast majority of the beacon makers offer low-cost beacon transmitters which make it exceedingly reasonable even for private companies to send them with negligible processing foundation. However, with expanding implementation of cloud computing technology and its ability of viably manage large fleets of beacons, the segment is anticipated to grow tremendously.

Application Outlook and Trend Analysis

The retail segment holds the biggest share of the market in 2016 and will keep up the biggest share of the market over the forecast period because of the extensive scale adoption of beacon technology by retailers to effectively actualize proximity marketing campaigns. As it enables the retailers to drive customer-specific and location-specific advertising messages onto the clients' cell phones continuously, the achievement rate of promoting efforts can be fundamentally made strides.

Technology Outlook and Trend Analysis

BLE commanded the beacon technology market in 2016 with a substantial market share of more than 85% because of its low power usage capacities contrasted with different advancements in the market, for example, Wi-Fi, Geofencing and GPS. As it is less expensive to fabricate BLE modules, the general cost of reference point equipment can be essentially decreased which makes the innovation the most favoured choice for working beacons.

Regional Outlook and Trend Analysis

North America is anticipated to command the beacon technology market over the forecast period inferable from the broad adoption of the innovation in the area, particularly in the retail segment. Expansive scale U.S. retailers, for example, Walmart and Target have adopted beacons in various retail stores for beaming coupons, promotions, and store maps and products information through their mobile applications. As conventional retailers in the locale are becoming more skilled at utilizing innovation to maintain against e-commerce retail models, beacons have risen as the go to innovation to empower a rich digital shopping experience for their clients.

Competitive Insights

The leading players in the market are Gimbal Inc, Beaconinside, Sensorberg, Glimworm Beacons, Google, Onyx Beacon SRL, Estimote Inc, Texas Instruments, Radius Networks, BlueCat, blueSense Networks and Apple. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Beacon Technology Market is segmented as follows-

By Platform:

  • iBeacon
  • AltBeacon
  • Eddystone

By Deployment Model:

  • Cloud
  • On-premise

By Application:

  • Retail
  • Tourism & Hospitality
  • Financial Institutions Real-estate Education
  • Travel
  • Healthcare

By Technology:

  • Wi-Fi
  • BLE
  • Combined Technologies
  • Ultrasound

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Columbia
    • South Africa
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

Some of the key questions answered by the report are:

  • What was the market size in 2014 and forecast from 2015 to 2023?
  • What will be the industry market growth from 2015 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

·         Beacon Technology Market, By Deployment Model, Estimates and Forecast, 2014-2023 ($Million)

·         Cloud-based

·         On-premise

·         Beacon Technology Market, By Application, Estimates and Forecast, 2014-2023 ($Million)

·         Healthcare

·         Retail

·         Real-estate

·         Financial institutions

·         Education

·         Other Applications

·         Beacon Technology Market, By Technology, Estimates and Forecast, 2014-2023 ($Million)

·         Ultrasound

·         BLE

·         Wi-Fi

·         Combined Technologies

·         Beacon Technology Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America Beacon Technology Market, By Country

o    U.S. Beacon Technology Market

o    Canada Beacon Technology Market

o    Mexico Beacon Technology Market

·         Europe

§  Europe Beacon Technology Market, By Country

o    Germany Beacon Technology Market

o    UK Beacon Technology Market

o    France Beacon Technology Market

o    Russia Beacon Technology Market

o    Italy Beacon Technology Market

o    Rest of Europe Beacon Technology Market

·         Asia-Pacific

§  Asia-Pacific Beacon Technology Market, By Country

o    China Beacon Technology Market

o    Japan Beacon Technology Market

o    South Korea Beacon Technology Market

o    India Beacon Technology Market

o    Southeast Asia Beacon Technology Market

o    Rest of Asia-Pacific Beacon Technology Market

·         South America

§  South America Beacon Technology Market

o    Brazil Beacon Technology Market

o    Argentina Beacon Technology Market

o    Columbia Beacon Technology Market

o    South Africa Beacon Technology Market

o    Rest of South America Beacon Technology Market

·         Middle East and Africa

§  Middle East and Africa Beacon Technology Market

o    Saudi Arabia Beacon Technology Market

o    UAE Beacon Technology Market

o    Egypt Beacon Technology Market

o    Nigeria Beacon Technology Market

o    South Africa Beacon Technology Market

o    Rest of MEA Beacon Technology Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.2.  Restraints

3.2.3.  Opportunities

4.       Market Analysis by Regions

4.1.       North America (United States, Canada and Mexico)

4.1.1.  United States Market States and Outlook (2014-2023)

4.1.2.  Canada Market States and Outlook (2014-2023)

4.1.3.  Mexico Market States and Outlook (2014-2023)

4.2.       Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market States and Outlook (2014-2023)

4.2.2.  France Market States and Outlook (2014-2023)

4.2.3.  UK Market States and Outlook (2014-2023)

4.2.4.  Russia Market States and Outlook (2014-2023)

4.2.5.  Italy Market States and Outlook (2014-2023)

4.2.6.  Rest of Europe Market States and Outlook (2014-2023)

4.3.       Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market States and Outlook (2014-2023)

4.3.2.  Japan Market States and Outlook (2014-2023)

4.3.3.  Korea Market States and Outlook (2014-2023)

4.3.4.  India Market States and Outlook (2014-2023)

4.3.5.  Rest of Asia-Pacific Market States and Outlook (2014-2023)

4.4.       South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market States and Outlook (2014-2023)

4.4.2.  Argentina Market States and Outlook (2014-2023)

4.4.3.  Columbia Market States and Outlook (2014-2023)

4.4.4.  Rest of South America Market States and Outlook (2014-2023)

4.5.       Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market States and Outlook (2014-2023)

4.5.2.  UAE Market States and Outlook (2014-2023)

4.5.3.  Egypt Market States and Outlook (2014-2023)

4.5.4.  Nigeria Market States and Outlook (2014-2023)

4.5.5.  South Africa Market States and Outlook (2014-2023)

4.5.6.  Rest of MEA Market States and Outlook (2014-2023)

5.       Beacon Technology Market, By Deployment Model

5.1.       Introduction

5.2.       Global Beacon Technology Revenue and Market Share by Deployment Model (2014-2018)

5.2.1.  Global Beacon Technology Revenue and Revenue Share by Deployment Model (2014-2018)

5.3.       Cloud-based

5.3.1.  Global Cloud-based Revenue and Growth Rate (2014-2018)

5.4.       On-premise

5.4.1.  Global On-premise Revenue and Growth Rate (2014-2018)

6.       Beacon Technology Market, By Application

6.1.       Introduction

6.2.       Global Beacon Technology Revenue and Market Share by Application (2014-2018)

6.2.1.  Global Beacon Technology Revenue and Revenue Share by Application (2014-2018)

6.3.       Healthcare

6.3.1.  Global Healthcare Sector Revenue and Growth Rate (2014-2018)

6.4.       Retail

6.4.1.  Global Retail Revenue and Growth Rate (2014-2018)

6.5.       Real-estate

6.5.1.  Global Real-estate Revenue and Growth Rate (2014-2018)

6.6.       Financial institutions

6.6.1.  Global Financial institutions Revenue and Growth Rate (2014-2018)

6.7.       Education

6.7.1.  Global Education Revenue and Growth Rate (2014-2018)

6.8.       Other Applications

6.8.1.  Global Other Applications Revenue and Growth Rate (2014-2018)

7.       Beacon Technology Market, By Technology

7.1.       Introduction

7.2.       Global Beacon Technology Revenue and Market Share by Technology (2014-2018)

7.2.1.  Global Beacon Technology Revenue and Revenue Share by Technology (2014-2018)

7.3.       Ultrasound

7.3.1.  Global Ultrasound Revenue and Growth Rate (2014-2018)

7.4.       BLE

7.4.1.  Global BLE Revenue and Growth Rate (2014-2018)

7.5.       Wi-Fi

7.5.1.  Global Wi-Fi Revenue and Growth Rate (2014-2018)

7.6.       Combined Technologies

7.6.1.  Global Combined Technologies Revenue and Growth Rate (2014-2018)

8.       Beacon Technology Market, By Region

8.1.       Introduction

8.2.       Global Beacon Technology Revenue and Market Share by Regions

8.2.1.  Global Beacon Technology Revenue by Regions (2014-2018)

8.3.       North America Beacon Technology by Countries

8.3.1.  North America Beacon Technology Revenue and Growth Rate (2014-2018)

8.3.2.  North America Beacon Technology Revenue by Countries (2014-2018)

8.3.3.  North America Beacon Technology Revenue (Million USD) by Countries (2014-2018)

8.3.4.  U.S.

8.3.4.1.    United States Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.3.5.  Canada

8.3.5.1.    Canada Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.3.6.  Mexico

8.3.6.1.    Mexico Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.       Europe Beacon Technology by Countries

8.4.1.  Europe Beacon Technology Revenue and Growth Rate (2014-2018)

8.4.2.  Europe Beacon Technology Revenue by Countries (2014-2018)

8.4.3.  Europe Beacon Technology Revenue (Million USD) by Countries (2014-2018)

8.4.4.  Germany

8.4.4.1.    Germany Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.5.  UK

8.4.5.1.    UK Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.6.  France

8.4.6.1.    France Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.7.  Russia

8.4.7.1.    Russia Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.8.  Italy

8.4.8.1.    Italy Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.4.9.  Rest of Europe

8.4.9.1.    Rest of Europe Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.       Asia-Pacific

8.5.1.  Asia-Pacific Beacon Technology Revenue and Growth Rate (2014-2018)

8.5.2.  Asia-Pacific Beacon Technology Revenue by Countries (2014-2018)

8.5.3.  Asia-Pacific Beacon Technology Revenue (Million USD) by Countries (2014-2018)

8.5.4.  China

8.5.4.1.    China Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.5.  Japan

8.5.5.1.    Japan Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.5.2.     

8.5.6.  Korea

8.5.6.1.    Korea Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.7.  India

8.5.7.1.    India Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.8.  Southeast Asia

8.5.8.1.    Southeast Asia Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.5.9.  Rest of Asia-Pacific

8.5.9.1.    Rest of Asia-Pacific Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.       South America

8.6.1.  South America Beacon Technology Revenue and Growth Rate (2014-2018)

8.6.2.  South America Beacon Technology Revenue by Countries (2014-2018)

8.6.3.  South America Beacon Technology Revenue (Million USD) by Countries (2014-2018)

8.6.4.  Brazil

8.6.4.1.    Brazil Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.5.  Argentina

8.6.5.1.    Argentina Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.6.  Columbia

8.6.6.1.    Columbia Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.6.7.  Rest of South America

8.6.7.1.    Rest of South America Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.       Middle East and Africa

8.7.1.  Middle East and Africa Beacon Technology Revenue and Growth Rate (2014-2018)

8.7.2.  Middle East and Africa Beacon Technology Revenue by Countries (2014-2018)

8.7.3.  Middle East and Africa Beacon Technology Revenue (Million USD) by Countries (2014-2018)

8.7.4.  Saudi Arabia

8.7.4.1.    Saudi Arabia Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.5.  United Arab Emirates

8.7.5.1.    United Arab Emirates Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.6.  Egypt

8.7.6.1.    Egypt Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.7.  Nigeria

8.7.7.1.    Nigeria Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.8.  South Africa

8.7.8.1.    South Africa Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

8.7.9.  Rest of Middle East and Africa

8.7.9.1.    Rest of Middle East and Africa Beacon Technology Revenue (Millions USD) and Growth Rate (2014-2018)

9.       Company Profiles

9.1.       BlueCats

9.1.1.  Business Overview

9.1.2.  Deployment Model Portfolio

9.1.3.  Strategic Developments

9.1.4.  Revenue and Market Share

9.2.       Accent Systems

9.2.1.  Business Overview

9.2.2.  Deployment Model Portfolio

9.2.3.  Strategic Developments

9.2.4.  Revenue and Market Share

9.3.       Beaconinside

9.3.1.  Business Overview

9.3.2.  Deployment Model Portfolio

9.3.3.  Strategic Developments

9.3.4.  Revenue and Market Share

9.4.       Apple Inc.

9.4.1.  Business Overview

9.4.2.  Deployment Model Portfolio

9.4.3.  Strategic Developments

9.4.4.  Revenue and Market Share

9.5.       Blue Sense Networks

9.5.1.  Business Overview

9.5.2.  Deployment Model Portfolio

9.5.3.  Strategic Developments

9.5.4.  Revenue and Market Share

9.6.       Gimbal

9.6.1.  Business Overview

9.6.2.  Deployment Model Portfolio

9.6.3.  Strategic Developments

9.6.4.  Revenue and Market Share

9.7.       Estimote Inc.

9.7.1.  Business Overview

9.7.2.  Deployment Model Portfolio

9.7.3.  Strategic Developments

9.7.4.  Revenue and Market Share

9.8.       Google Inc.

9.8.1.  Business Overview

9.8.2.  Deployment Model Portfolio

9.8.3.  Strategic Developments

9.8.4.  Revenue and Market Share

9.9.       Glimworm Beacons

9.9.1.  Business Overview

9.9.2.  Deployment Model Portfolio

9.9.3.  Strategic Developments

9.9.4.  Revenue and Market Share

9.10.    KS Technologies

9.10.1.      Business Overview

9.10.2.      Deployment Model Portfolio

9.10.3.      Strategic Developments

9.10.4.      Revenue and Market Share

9.11.    Onyx Beacon

9.11.1.      Business Overview

9.11.2.      Deployment Model Portfolio

9.11.3.      Strategic Developments

9.11.4.      Revenue and Market Share

9.12.    Madison Beacons

9.12.1.      Business Overview

9.12.2.      Deployment Model Portfolio

9.12.3.      Strategic Developments

9.12.4.      Revenue and Market Share

10.   Global Beacon Technology Market Competition, by Manufacturer

10.1.    Global Beacon Technology Revenue and Market Share by Manufacturer (2016-2017)

10.2.    Global Beacon Technology Price by Region (2016-2017)

10.3.    Top 5 Beacon Technology Manufacturer Market Share

10.4.    Market Competition Trend

11.   Beacon Technology Market Forecast (2018-2023)

11.1.    Global Beacon Technology Revenue (Millions USD) and Growth Rate (2018-2023)

11.2.    Beacon Technology Market Forecast by Regions (2018-2023)

11.2.1.      North America Beacon Technology Market Forecast (2018-2023)

11.2.1.1. United States Beacon Technology Market Forecast (2018-2023)

11.2.1.2. Canada Beacon Technology Market Forecast (2018-2023)

11.2.1.3. Mexico Beacon Technology Market Forecast (2018-2023)

11.2.2.      Europe Beacon Technology Market Forecast (2018-2023)

11.2.2.1. Germany Beacon Technology Market Forecast (2018-2023)

11.2.2.2. United Kingdom Beacon Technology Market Forecast (2018-2023)

11.2.2.3. France Beacon Technology Market Forecast (2018-2023)

11.2.2.4. Russia Beacon Technology Market Forecast (2018-2023)

11.2.2.5. Italy Beacon Technology Market Forecast (2018-2023)

11.2.2.6. Rest of the Europe Beacon Technology Market Forecast (2018-2023)

11.2.3.      Asia-Pacific Beacon Technology Market Forecast (2018-2023)

11.2.3.1. China Beacon Technology Market Forecast (2018-2023)

11.2.3.2. Japan Beacon Technology Market Forecast (2018-2023)

11.2.3.3. Korea Beacon Technology Market Forecast (2018-2023)

11.2.3.4. India Beacon Technology Market Forecast (2018-2023)

11.2.3.5. Southeast Asia Beacon Technology Market Forecast (2018-2023)

11.2.3.6. Rest of Asia-Pacific Beacon Technology Market Forecast (2018-2023)

11.2.4.      South America Beacon Technology Market Forecast (2018-2023)

11.2.4.1. Brazil Beacon Technology Market Forecast (2018-2023)

11.2.4.2. Argentina Beacon Technology Market Forecast (2018-2023)

11.2.4.3. Columbia Beacon Technology Market Forecast (2018-2023)

11.2.4.4. Rest of South America Beacon Technology Market Forecast (2018-2023)

11.2.5.      Middle East and Africa Beacon Technology Market Forecast (2018-2023)

11.2.5.1. Saudi Arabia Beacon Technology Market Forecast (2018-2023)

11.2.5.2. UAE Beacon Technology Market Forecast (2018-2023)

11.2.5.3. Egypt Beacon Technology Market Forecast (2018-2023)

11.2.5.4. Nigeria Beacon Technology Market Forecast (2018-2023)

11.2.5.5. South Africa Beacon Technology Market Forecast (2018-2023)

11.2.5.6. Rest of MEA Beacon Technology Market Forecast (2018-2023)

11.3.    Beacon Technology Market Forecast by Deployment Model (2018-2023)

11.3.1.      Global Beacon Technology Revenue Forecast by Deployment Model (2018-2023)

11.3.2.      Global Beacon Technology Revenue Market Share Forecast by Deployment Model (2018-2023)

11.4.    Beacon Technology Market Forecast by Application (2018-2023)

11.4.1.      Global Beacon Technology Revenue Forecast by Application (2018-2023)

11.4.2.      Global Beacon Technology Revenue Market Share Forecast by Application (2018-2023)

11.5.    Beacon Technology Market Forecast by Technology (2018-2023)

11.5.1.      Global Beacon Technology Revenue Forecast by Technology (2018-2023)

11.5.2.      Global Beacon Technology Revenue Market Share Forecast by Technology (2018-2023)


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Beacon Technology Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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