Climate Change Consulting Market, By Service Type (Corporate Strategy for Climate Change, Carbon Footprint Analysis, Renwable Energy Development, Energy Efficiency, Strategic Advisory Services, Policy and Economics, Emission Trading and Offsetting, Climate Adaptation Analysis & Planning, and Green Building Services), By Industry (Mining, Energy & Utilities, Government, Manufacturing, Transportation and Logistics, and Others), and By Region - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
- Report code : CMI202537 |
- Industry :
Information and Communication Technology
- Published On : Mar 2019 |
- Pages : 307 Pages |
- Format :
Global Climate Change Consulting Market - Insights
Global climate change consulting market generated revenue of US$ 5.3 billion in 2017. By 2026, the climate change consulting market is expected to be valued at US$ 8.0 billion with a CAGR of 4.8% over the forecast period. India is expected to grow at significant rate over the forecast period, followed by Australia in Asia Pacific market. This growth is attributed to continuous demand for consultancy services in manufacturing, mining, government, and other prominent sectors to take a strategic step against climate crisis.
North America held dominant position in the global climate change consulting market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. accounted for the largest share in terms of revenue in the region, owing to supportive government legislations in most of the states in the country and initiatives taken by large-scale organizations in response to tackle climate change risks.
Renewable energy development segment held dominant position in the market in 2018
Among service type, the renewable energy development segment held dominant position in the climate change consulting market in 2018 and is projected to retain its dominance throughout the forecast period. Climate change consulting services for renewable energy development spans across all renewable energy technologies such as solar, wind, hydro, bio-energy, and geothermal. Renewable energy development services include renewable energy project development, strategy development, technology selection and procurement, site prospecting and development, risk mitigation and management, etc. Energy performance regulation such as Energy Performance of Building Directive (EPBD) for sustainable buildings, energy certification constraints, and renewable energy integration in smart cities projects is driving growth of this segment. There are numerous policies across the globe to promote the development of renewable energy projects. Climate change consulting companies offers assistance for the technical evaluation of renewable energy policies.
Figure. Global Greenhouse Gas Emissions, by Gas, 2015 (%)
According to International Renewable Energy Agency (IRENA), Asia accounted for highest growth in renewable energy generation in 2017, accounting for 38% of renewable electricity generation. This suggests growth in demand for renewable energy development consulting services in the region.
Figure. Global Climate Change Consulting Market Share (%), by Region, 2017
North America held dominant position in the climate change consulting market in 2017
North America held dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period. North America climate change consulting market generated revenue of US$ 2,653.0 Mn in 2017. Significant climate changes have already been observed in the U.S. These changes includes a rise in sea level, increase in air and water temperatures, increased frequency and intensity of heavy downpours, reduced frost days, and reduced snow cover, permafrost, glaciers, and sea ice. Climate change impacts are expected to become more severe in North America. According to Coherent Market Insights’ analysis, in 2018, Canada experienced the warmest year on record.
Climate change adaptation includes a wide range of activities such as farmers are switching to growing a different crop variety better suited for warmer as well as drier conditions, companies are relocating their key business centers away from coastal areas vulnerable to sea level rise and hurricanes, and communities are altering its zoning and building codes to place fewer structures in harm’s way and making buildings less vulnerable to damage from extreme weather events.
Furthermore, extreme weather conditions disrupts manufacturing process and this reduces the supply of resources, destroys the transportation routes, and communication channels. Therefore, governments are taking initiatives to reduce effects due to these conditions. For instance, the Government of Canada took practical steps towards climate change by delivering a low-carbon economy that reduces greenhouse gas emissions (GHG) generated from transport, manufacturing, and industrial operations. For instance, in 2012, Vancouver Council adopted the Climate Change Adaptation Strategy to ensure a livable, vibrant, and resilient city in the face of climate change.
Global Climate Change Consulting Market: Key Players
Major players operating in the global climate change consulting industry include ICF International, Inc., McKinsey & Company, Inc., PricewaterhouseCoopers LLP (PwC), ERM Group, Inc., KPMG International, Coastal Risk Consulting, LLC, CH2M HILL Companies, Ltd. (Jacobs Engineering Group), Deloitte LLP, and Ramboll Environ, Inc.
The impacts of climate change occurring around the world has put a strain on large corporations and governing authorities to take preventive measures in order to reduce the effects of climate change. For this, regulatory bodies and other organizations such as the European Union, the World Bank, the United Nations, and the International Energy Association among others have put forth various plans to overcome the impacts of climate change. For instance, in April 2016, dealing parties (195 nations) signed an agreement within the United Nations Framework Convention on Climate Change (UNFCCC), named as the Paris Agreement, which revolves around greenhouse-gas-emissions mitigation, adaptation, and finance.
Market Drivers: Increasing awareness about harmful impact of greenhouse gas emissions and climate change
The global demand for climate change consulting is significantly increasing, owing to increasing focus of companies and governments on sustainable development, development of smart cities, and increasing government regulations and collaborations for environment protection. Climate change consulting services provided by vendors mainly offer advisory, assistance, and action plans for organizations and governments to control climate change.
Political factors significantly drive demand for climate change consulting services. Policies and regulations act as a key driver for growth of the climate change consulting market. However, climate change consulting market growth was affected by downturn in the oil & gas industry after 2014, as the investments by oil and gas companies in climate change consulting services decreased significantly during this period.
Key features of the study:
- This report provides in-depth analysis of climate change consulting market, market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global climate change consulting market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
- Companies covered as part of this study include A.T. Kearney, Inc., ICF International, Inc., McKinsey & Company, Inc., PricewaterhouseCoopers LLP (PwC), ERM Group, Inc., KPMG International, Coastal Risk Consulting, LLC, CH2M HILL Companies, Ltd. (Jacobs Engineering Group), Deloitte LLP, and Ramboll Environ, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global climate change consulting market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global climate change consulting market
Detailed Segmentation:
- U.S. Insurance and Reinsurance Scenario for Climate Change
- Socio-economic Implications of Climate Change
- Climate Risk as a Core Business Issue
- Role of the Insurance & Reinsurance Industry
- Reinsurance Market Scenario, 2018-2026
- U.S. Insurance Market Size and Forecast (Premiums Volume)
- Prem. Volume < US$ 25 Mn (US$ Mn)
- US$ 25 Mn to US$ 50 Mn (US$ Mn)
- Above US$ 50 Mn (US$ Mn)
- U.S. Reinsurance Market Size and Forecast (Capital)
- Global Climate Change Consulting Market, By Service Type:
- Corporate Strategy for Climate Change
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Renewable Energy Development
- Energy Efficiency
- Policy and Economics
- Climate Adaptation Analysis & Planning
- Green Building Services
- Global Climate Change Consulting Market, By Industry:
- Mining
- Energy & Utilities
- Government
- Manufacturing
- Transportation & Logistics
- Others (Construction, Agriculture, Forestry, etc.)
- Global Climate Change Consulting Market, By Region:
- North America
- By Service Type:
- Corporate Strategy for Climate Change
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Renewable Energy Development
- Energy Efficiency
- Policy and Economics
- Climate Adaptation Analysis & Planning
- Green Building Services
- By Industry:
- Mining
- Energy & Utilities
- Government
- Manufacturing
- Transportation & Logistics
- Others (Construction, Agriculture, Forestry, etc.)
- By Country:
- U.S.
- Canada
- Europe
- By Service Type:
- Corporate Strategy for Climate Change
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Renewable Energy Development
- Energy Efficiency
- Policy and Economics
- Climate Adaptation Analysis & Planning
- Green Building Services
- By Industry:
- Mining
- Energy & Utilities
- Government
- Manufacturing
- Transportation & Logistics
- Others (Construction, Agriculture, Forestry, etc.)
- By Country:
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Service Type:
- Corporate Strategy for Climate Change
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Renewable Energy Development
- Energy Efficiency
- Policy and Economics
- Climate Adaptation Analysis & Planning
- Green Building Services
- By Industry:
- Mining
- Energy & Utilities
- Government
- Manufacturing
- Transportation & Logistics
- Others (Construction, Agriculture, Forestry, etc.)
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- By Service Type:
- Corporate Strategy for Climate Change
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Renewable Energy Development
- Energy Efficiency
- Policy and Economics
- Climate Adaptation Analysis & Planning
- Green Building Services
- By Industry:
- Mining
- Energy & Utilities
- Government
- Manufacturing
- Transportation & Logistics
- Others (Construction, Agriculture, Forestry, etc.)
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- By Service Type:
- Corporate Strategy for Climate Change
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Renewable Energy Development
- Energy Efficiency
- Policy and Economics
- Climate Adaptation Analysis & Planning
- Green Building Services
- By Industry:
- Mining
- Energy & Utilities
- Government
- Manufacturing
- Transportation & Logistics
- Others (Construction, Agriculture, Forestry, etc.)
- By Country:
- GCC Country
- Israel
- Rest of the Middle East
- Africa
- By Service Type:
- Corporate Strategy for Climate Change
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Renewable Energy Development
- Energy Efficiency
- Policy and Economics
- Climate Adaptation Analysis & Planning
- Green Building Services
- By Industry:
- Mining
- Energy & Utilities
- Government
- Manufacturing
- Transportation & Logistics
- Others (Construction, Agriculture, Forestry, etc.)
- By Sub-region:
- Northern Africa
- Central Africa
- Southern Africa
- Company Profiles-Consultancy Companies
- ICF International, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- A.T. Kearney, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- McKinsey & Company, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- PricewaterhouseCoopers LLP (PwC)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- ERM Group, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- KPMG International
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Coastal Risk Consulting, LLC
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- CH2M HILL Companies, Ltd. (Jacobs Engineering Group)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Deloitte LLP
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Ramboll Environ, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Company Profiles- Insurance/Reinsurance Providers
- Allianze SE
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- AXA Insurance Company
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Intact Financial Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Federal National Mortgage Association (Fannie Mae)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- HSBC Insurance Holdings Limited
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Prudential Financial, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Munich Reinsurance America, Inc. (Munich Re Group)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Swiss Reinsurance Company Ltd (Swiss Re)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Hannover Rück SE
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Reinsurance Group of America, Incorporated
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- PartnerRe Ltd.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service Type
- Market Snippet, By Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Mergers & Acquisitions
- New Product Approvals/Updates
- Major Aspects of Climate Change
- Temperature and Sea Level
- Rainfall
- Greenhouse Gas Emissions
- Others
- The Risk Management Framework
- Establish the Context
- Identify the Risk
- Analysis of the Risk
- Prevention of the Risk/Remediation of the Risk
- Communication and Consult
- Monitoring and Review
- Consumer Buying Behavior
- Porter’s Five Forces Analysis
- Regulatory Framework for Climate Control
- Market Dynamics
- Role of Key Multi-Government Entities
- The North Atlantic Treaty Organization
- Overview
- Involvement in Climate Change
- Key Strategies/Policies Implemented or Authorized
- Investments in the Remediation for Climate Control
- European Union
- Overview
- Involvement in Climate Change
- Key Strategies/Policies Implemented or Authorized
- Investments in the Remediation for Climate Control
- United Nations
- Overview
- Involvement in Climate Change
- Key Strategies/Policies Implemented or Authorized
- Investments in the Remediation for Climate Control
- World Bank Group
- Overview
- Involvement in Climate Change
- Key Strategies/Policies Implemented or Authorized
- Investments in the Remediation for Climate Control
- The North Atlantic Treaty Organization
- U.S. Insurance and Reinsurance Scenario For Climate Change
- Socio-economic Implications of Climate Change
- Climate Risk as a Core Business Issue
- Role of the Insurance & Reinsurance Industry
- Reinsurance Market Scenario, 2018-2026
- U.S. Insurance Market Size and Forecast (Premiums Volume)
- Prem. Volume < US$ 25 Mn (US$ Mn)
- US$ 25 Mn to US$ 50 Mn (US$ Mn)
- Above US$ 50 Mn (US$ Mn)
- U.S. Reinsurance Market Size and Forecast (Capital)
- Global Climate Change Consulting Market, By Service Type, 2018-2026 (US$ Mn)
- Introduction
- Segment Trends
- Corporate Strategy for Climate Change
- Introduction
- Market Size and Forecast, 2018-2026 (US$ Mn)
- Carbon Footprint Analysis, Emission Trading and Offsetting
- Introduction
- Market Size and Forecast, 2018-2026 (US$ Mn)
- Renewable Energy Development
- Introduction
- Market Size and Forecast, 2018-2026 (US$ Mn)
- Energy Efficiency
- Introduction
- Market Size and Forecast, 2018-2026 (US$ Mn)
- Policy and Economics
- Introduction
- Market Size and Forecast, 2018-2026 (US$ Mn)
- Climate Adaptation Analysis & Planning
- Introduction
- Market Size and Forecast, 2018-2026 (US$ Mn)
- Green Building Services
- Introduction
- Market Size and Forecast, 2018-2026 (US$ Mn)
- Corporate Strategy for Climate Change
- Global Climate Change Consulting Market, By Industry, 2018-2026 (US$ Mn)
- Introduction
- Segment Trends
- Mining
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Mn)
- Energy & Utilities
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Mn)
- Government
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Mn)
- Manufacturing
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Mn)
- Transportation & Logistics
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Mn)
- Others (Construction, Agriculture, Forestry, etc.)
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Mn)
- Mining
- Global Climate Change Consulting Market, By Region, 2018-2026 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- North America
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2018–2026 (US$ Mn)
- Market Size and Forecast, By Industry, 2018–2026 (US$ Mn)
- Market Share Analysis, By Country, 2017–2026 (%)
- U.S.
- Canada
- Europe
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2018–2026 (US$ Mn)
- Market Size and Forecast, By Industry, 2018–2026 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2018–2026 (US$ Mn)
- Market Size and Forecast, By Industry, 2018–2026 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2018–2026 (US$ Mn)
- Market Size and Forecast, By Industry, 2018–2026 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2018–2026 (US$ Mn)
- Market Size and Forecast, By Industry, 2018–2026 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- GCC Countries
- Israel
- Rest of the Middle East
- Africa
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2018–2026 (US$ Mn)
- Market Size and Forecast, By Industry, 2018–2026 (US$ Mn)
- Market Share Analysis, By Sub-region, 2017 and 2026 (%)
- Northern Africa
- Central Africa
- Southern Africa
- Competitive Landscape
- Company Profiles
- ICF International, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- A.T. Kearney, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- McKinsey & Company, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- PricewaterhouseCoopers LLP (PwC)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- ERM Group, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- KPMG International
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Coastal Risk Consulting, LLC
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- CH2M HILL Companies, Ltd. (Jacobs Engineering Group)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Deloitte LLP
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Ramboll Environ, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- ICF International, Inc.
- Company Profiles- Insurance/Reinsurance Providers
-
- Allianze SE
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- AXA Insurance Company
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Intact Financial Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Federal National Mortgage Association (Fannie Mae)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- HSBC Insurance Holdings Limited
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Prudential Financial, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Munich Reinsurance America, Inc. (Munich Re Group)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Swiss Reinsurance Company Ltd (Swiss Re)
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Hannover Rück SE
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Reinsurance Group of America, Incorporated
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- PartnerRe
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Allianze SE
-
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 80 market data tables and 50 figures on "Climate Change Consulting Market - Global forecast to 2026”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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