OVERVIEW
The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistics agencies, and paid databases. This information creates a base for study. The information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analyzed to extract crisp data points which currently affect or are likely to affect the industry during the forecast period. After analyzing the information, a proprietary statistical tool is used for market estimation and forecast, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario as well as for the forecast period.
After estimating the market sizes and estimates, the numbers are verified with industry participants and key opinion leaders. The wide network of industry participants add value to the research and verify the numbers and estimates provided in the study. At the last stage of the research process, a final report is prepared, which is then published on different websites as well as distributed through various channels. The below figure contains the different stages of the research process to produce the report.
Market Research Future (MRFR) is associated with consultants, partners, and organizations of various categories across the globe wherein the MRFR research team works in close association with them to understand the market from the ground level. Therefore, we have existing incubated warm sources/contacts within the supply chain of major competitors operating in the Global markets. We leverage these connections to gather meaningful insights and understand regional/country/Global trends. Lastly, we also gather insights and data from Interactive platforms wherein we interact with local/regional consultants and freelancers. The mode of these interactions is often data exchange or paid interactions.
We procure data from secondary sources as well as paid databases to gather insights. However, the sources in the study can be majorly grouped into four categories, Industry Associations, Regional Organizations, Industry Specific Organizations, and Leading Private Institutions.
DATA flow
Data flow is an extensive part of our research process. It involves the procurement of market data and related information from different verified and credible sources. This step helps to obtain raw information about the market and its segments, the process for different Industry Verticals, the pool of market participants, and the nature of the industry and scope of the study. The data flow process comprises of data sources, data collection, data processing, data forecasting, data quality and data access.
Data Mining Process
Purchased Database:
Includes company databases such as Hoover’s: This helps us identify financial information, industry competitive landscape, and structure of the market participants. Also, it serves as an important step in market sizing, especially in the case of commodity-flow techniques.
Industry databases, e.g., Factiva, help us gain access to industry statistics, and Key Opinion Leader (KOL) opinions and formulate conclusions.
Other sources include SME journals and pertinent databases from third-party vendors to gain insights into:
Procedure statistics
Potential market-related statistics
Information on unmet needs
Regional expenditure pattern
Investment information or opportunity-based statistics
Following databases were used but are not limited to,
Secondary Sources:
In the secondary research process, various sources are used to identify and gather industry trends and information for the research process. We at MRFR have access to some of the most diversified and extensive paid databases, which give us the most accurate data/information on markets sizes and pricing. Mentioned below is a detailed list of sources that have been used for this study. Please note that this list is not limited to the names as mentioned; we also access other data sources depending on the need.
Notable examples include white papers, government statistics published by organizations like WHO, NGOs, World Bank, etc., KoL publications, company filings, investor documents, etc.
Some of the sources used with relation to Global Cloud Computing Market for reference include:
NIST – National Institute of Standards and Technology
ITU – International Telecommunication Union
World Bank
Eurostat
EU Open Data Portal – European Union Open Data Portal
U.S. Census Bureau
OECD – Organisation for Economic Co-operation and Development
UNCTAD – United Nations Conference on Trade and Development
UN DESA – United Nations Department of Economic and Social Affairs
UN Data – United Nations Statistics Division's database system
Secondary Research data flow:
Primary Research:
In the primary research process, in-depth primary interviews are conducted with the CXOs to understand the market share, customer base, pricing strategies, channel partners, and other necessary information. Besides, in-depth primary interviews are conducted with the CXOs of vendors, channel partners, and others to validate the supply-side information. In addition, various key industry participants from both the supply and demand side are interviewed to obtain qualitative and quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies, are conducted to obtain critical qualitative and quantitative information pertaining to the market, as well as to assess the prospects for market growth during the forecast period. Detailed information on these primary respondents is shown below.
Primary Research DATA FLOW:
There are 3 major steps followed by our primary research team to collect data:
Stage 1: The MRFR research team actively interacts with KOLs/ industry participants to procure insights and key data points such as Market Share of Key Participants, Key Competitors in regions, Saturation within Competitive Landscape, Demand-supply of products/services, Key Business Trends, Emerging Opportunity Pockets, Current situation Raw Material supply, Pricing Point, among others.
Stage 2: The Primary Research team also connects with partners in key associations in the regional market to gather information on regional players, market trends and growth potential within the same. Please note that these conversations are based upon initial insights and facts gathered through secondary research from Conference Reports, Webinars, Whitepaper Publications, among Others.
Stage 3: Lastly, in order to gather a complete understanding of the market, we conduct extensive primary interviews with in-house partners and independent consultants. These are mostly ex-industry professional based out of regions of interest, Subject Matter Experts and the interactions are primarily aimed to gather unbiased point of view on the market, and validation of data on market potential, growth to achieve higher accuracy and precision.
Primary Research: Number of Interviews conducted
Primary Research: Regional Coverage
Approaches for market size estimation:
Revenue Analysis Approach
Revenue analysis approach is important in B2C markets to understand local players and build consumer behaviour trends over them in the industry.
Data forecasting
Data forecasting Technique
Data modeling microeconomic factor analysis:
This step involves understanding and identifying the major microeconomic factors. This step is designed to manage outputs from the major factors identified.
