Global Smart Plantation Management Systems Market by Type (Harvesting Systems, Irrigation Systems, Plant Growth Monitoring Systems), Component (Software, Hardware), Crop (Cotton, Sugarcane, Oilseeds, Coffee, Fruits, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Jul, 2020
  • Report ID: 418653
  • Category: Agriculture
  • Pages: 225
$4,700

The global smart plantation management systems market is expected to grow from USD 1.1 billion in 2019 to USD 1.73 billion by 2027, at a CAGR of 5.8% during the forecast period 2020-2027. 

Smart plantation management system is the set of certain sophisticated techniques that many farmers have recently begun to adapt in order to assist them in monitoring soil moisture, temperature and crop health, among others. The system generates automatic alerts to notify the farmer regarding the health of crops and/or other variables.

This study delivers a comprehensive analysis of types, components, crops and regions. The research includes growth drivers as well as challenges prevalent in the global smart plantation management systems market along with the impact they will have on the overall demand during the forecasted period. Additionally, the study also includes various opportunities & threats that are present in the smart plantation management systems market. The type segment comprises of harvesting systems, irrigation systems, and plant growth monitoring systems. The irrigation systems segment accounted for the majority market share in 2019. Smart irrigation systems decrease the amount of water required for irrigation, saving operations cost. According to studies done by the International Center for Water Technology and the Irrigation Association, around 20% more water is saved by smart irrigation systems as compared to traditional irrigation systems. Based on components, the market has been segmented into software and hardware. The hardware segment led the smart plantation management systems market in 2019. The hardware component comprises of GPS devices, flow meters, sensors, controllers, switches, solenoid valves, and displays, among others. GPS devices and sensors are expected to show high growth rates over the projected period. Sensors are installed to collect real-time data, which is used to spawn maps & reports to assist farmers in decision making regarding their crops. Some of the major sensors used are moisture, water, soil, temperature and wind intensity sensors. On the basis of crops, the global market has been segmented into cotton, sugarcane, oilseeds, coffee, fruits, and others. The fruit segment held the majority market share in 2019 and is estimated to continue to do so over the projected period since fruits have come up as a principal crop. Citrus fruits, grapes, and apples are significant fruits wherein smart plantation management systems have been implemented because of their higher demand.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Due to the presence of a large concentration of service providers and manufacturers, the North America region stands as a promising market for smart plantation management systems and is expected to grow at the highest CAGR during the forecast period.

Some of the notable players in the smart plantation management systems market are Rivulis, Robert Bosch, WaterBit, Jain Irrigation Systems, Hidrosoph, SemiosBio Technologies, AgroWebLab Co., Ltd (AWL), Tevatronics, Deere & Company, Netafim, DTN, Synelixis Solutions, Phytech and AquaSpy, among others. The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global smart plantation management systems industry.

For instance, WaterBit, an American precision Ag irrigation company, launched a pressure sensor in January 2018 which would ensure that the right amount of water is delivered. It's a vital component of a cloud-based solution provided by the company.

This study predicts revenue growth at global, national, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:

Global Smart Plantation Management Systems Market Analysis and Forecast, By Type

  • Harvesting Systems
  • Irrigation Systems
  • Plant Growth Monitoring Systems

Global Smart Plantation Management Systems Market Analysis and Forecast, By Component

  • Software
  • Hardware

Global Smart Plantation Management Systems Market Analysis and Forecast, By Crop

  • Cotton
  • Sugarcane
  • Oilseeds
  • Coffee
  • Fruits
  • Others

Global Smart Plantation Management Systems Market Analysis and Forecast, By Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest of South America
  • Middle East and Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018 and, the forecast period considered is from 2020 to 2027.
  • The study delivers a comprehensive analysis of the global smart plantation management systems market by types, components, crops and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global smart plantation management systems market. This report incorporates the industry analysis which is focused on providing an extensive view of the smart plantation management systems market.
  • The study also includes attractiveness analysis of types, components, crops and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the smart plantation management systems market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.

The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Component
          4.3.3. Market Attractiveness Analysis By Crop
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing adoption of precision farming, data mining & plantation intelligence among farmers
    5.3. Restrains
          5.3.1. Low global demand due to covid-19
    5.4. Opportunities
          5.4.1. Rising environmental concerns and long-term sustainability
    5.5. Challenges
          5.5.1. Strict government regulations & standards
6. Global Smart Plantation Management Systems Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Harvesting Systems
    6.3. Irrigation Systems
    6.4. Plant Growth Monitoring Systems
7. Global Smart Plantation Management Systems Market Analysis and Forecast, By Component
    7.1. Segment Overview
    7.2. Software
    7.3. Hardware
8. Global Smart Plantation Management Systems Market Analysis and Forecast, By Crop
    8.1. Segment Overview
    8.2. Cotton
    8.3. Sugarcane
    8.4. Oilseeds
    8.5. Coffee
    8.6. Fruits
    8.7. Others
9. Global Smart Plantation Management Systems Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
10. Global Smart Plantation Management Systems Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Smart Plantation Management Systems Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Crop Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions
11. Company Profiles
    11.1. Rivulis
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Robert Bosch
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. WaterBit
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Jain Irrigation Systems
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Hidrosoph
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. SemiosBio Technologies
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. AgroWebLab Co., Ltd (AWL)
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Tevatronics
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Deere & Company
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Netafim
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. DTN
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Synelixis Solutions
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Phytech
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. AquaSpy
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis

List of Table

1. Global Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

2. Global Harvesting Systems, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

3. Global Irrigation Systems, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

4. Global Plant Growth Monitoring Systems, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units)

5. Global Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

6. Global Software, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

7. Global Hardware, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

8. Global Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

9. Global Cotton, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

10. Global Oilseeds, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

11. Global Coffee, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

12. Global Fruits, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

13. Global Others, Smart Plantation Management Systems Market, By Region, 2017-2027 (USD Billion)(K Units) 

14. North America Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units)

15. North America Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units)

16. North America Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

17. U.S. Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

18. U.S. Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

19. U.S. Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

20. Canada Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

21. Canada Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units)

22. Canada Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

23. Mexico Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

24. Mexico Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

25. Mexico Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units)

26. Europe Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

27. Europe Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

28. Europe Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

29. Germany Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units)

30. Germany Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units)

31. Germany Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

32. France Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

33. France Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

34. France Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

35. U.K. Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

36. U.K. Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

37. U.K. Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

38. Italy Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

39. Italy Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

40. Italy Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

41. Spain Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

42. Spain Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

43. Spain Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units)

44. Asia Pacific Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

45. Asia Pacific Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

46. Asia Pacific Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units)

47. Japan Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units)

48. Japan Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units)

49. Japan Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units)  

50. China Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

51. China Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

52. China Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

53. India Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

54. India Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

55. India Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

56. South America Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

57. South America Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

58. South America Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

59. Brazil Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

60. Brazil Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

61. Brazil Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

62. Middle East and Africa Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

63. Middle East and Africa Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

64. Middle East and Africa Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

65. UAE Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

66. UAE Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

67. UAE Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units) 

68. South Africa Smart Plantation Management Systems Market, By Type, 2017-2027 (USD Billion)(K Units) 

69. South Africa Smart Plantation Management Systems Market, By Component, 2017-2027 (USD Billion)(K Units) 

70. South Africa Smart Plantation Management Systems Market, By Crop, 2017-2027 (USD Billion)(K Units)

List of Figures 

1. Global Smart Plantation Management Systems Market Segmentation

2. Global Smart Plantation Management Systems Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Smart Plantation Management Systems Market Attractiveness Analysis By Type

9. Global Smart Plantation Management Systems Market Attractiveness Analysis By Component

10. Global Smart Plantation Management Systems Market Attractiveness Analysis By Crop 

11. Global Smart Plantation Management Systems Market Attractiveness Analysis By Region

12. Global Smart Plantation Management Systems Market: Dynamics

13. Global Smart Plantation Management Systems Market Share by Type (2020 & 2027)

14. Global Smart Plantation Management Systems Market Share By Component

15. Global Smart Plantation Management Systems Market Share by Crop (2020 & 2027)

16. Global Smart Plantation Management Systems Market Share by Regions (2020 & 2027)

17. Global Smart Plantation Management Systems Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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