Training Market Report, By Industry (Government, Pulp & Paper, Oil & Gas, Chemicals & Petrochemicals, Pharmaceuticals, Rail, Industrial Manufacturing, Mining, Power & Utilities, Marine, Offshore, Alternative Energy, Nuclear, Healthcare, and Aerospace), By Training Type (Online, Offline, and Classroom), By Method (Computer-based Training, Distance Learning, Learning Management System, App-based Learning, CD-distribution based Learning, Mentoring/Coaching Based Learning, Table-top Exercise Based Learning, Train the Trainer, Learning Methods that are Annuitized, Video/Audio Tape, Blended e-Learning /Instructor-led, Social Learning, Game-based Learning, and Simulation e-Learning), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026

  • Published On : Jul 2019 |
  • Pages : 251 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Training Market - Insights

The global training market was valued at US$ 94,828.5 Mn in 2017 and is expected to exhibit a CAGR of 6.4% over the forecast period and reach US$ 174,596.6 Mn in 2027. North America accounted for 45.1% of the revenue share in the global training market in 2018.  The market in India is expected to grow at a significant rate over the forecast period, followed by rest of Asia Pacific. This growth is attributed to growing adoption of learning management systems across the globe to gain better returns on investment made in talent development, employee training, and other similar programs.

The Asia Pacific market is witnessing high growth due to increasing demand for cost effective learning management solutions. Moreover, an increase in the number of start-ups operating in the e-learning industry has aided growth of the training market in this region. There has also been a marked shift from traditional methods to technology driven methods in the past few years. For instance, in 2013, Oracle introduced 'Oracle Learn Cloud 13A' with advanced training management and delivery features in the Asia Pacific region.

Learning management system segment held dominant position in the market in 2018

Learning management system is a software application, which is used for planning, reporting, tracking, administration, documentation, reporting, implementation, and for accessing training or learning programs. Moreover, a learning management system can help instructors to generate and distribute content, and monitor learner's performance and progress. A learning management system has application in the higher education sector and corporate sector due to its wide range of functions such as managing and delivering all types of content such as documents and videos; it also contains interactive features such as video conferencing, discussion forums, and threaded discussions. For instance, various learning management systems are available in the market, such as TalentLMS, Canvas LMS, Edmodo, Schoology, Docebo, Litmos LMS, SkyPrep, iSpring Learn, and Brightspace among others.

Figure. Global Training Market Share (%), by Region, 2017

 Training  | Coherent Market Insights

North America held the dominant position in the Training market in 2017

North America is expected to be the largest market in terms of size during the forecast period, owing to rising demand for effective and quality education in the region. Furthermore, several key players such as SafetySkills and IFP Training that are engaged in providing training to employees, have high presence in this region. The training industry in North America includes both internal and external resources that are employed by key players to train their staff on specific and required skills needed to perform their jobs. The primary factor that is driving demand in the U.S. education LMS sector is the increasing number of universities that offer online education, which in turn is facilitating growth of the training market in the region. However, challenges with proper implementation of learning management systems faced by educational institutions due to budget constraints and lack of expertise, are expected to hamper growth of the market.

Increasing demand for continuous learning in Europe is expected to result in high adoption of different training and learning methodologies and products. The training market in Europe is expected to exhibit steady growth, owing to significant revenue contributed by countries such as, Germany, U.K., and France over the forecast period. Factors such as increasing number of small & mid-sized businesses (SMBs), as well as increasing number of government initiatives to enhance technical and non-technical skills of employees is expected to contribute to growth of the Europe market.

Moreover, Europe-based corporations are investing significantly in digitizing training processes, to ensure quicker and convenient delivery of training content to employees. Digitization also helps to overcome restrictions such as adherence to a set time and place of training. Furthermore, many organizations prefer using standardized courses provided by training content developers. For instance, Pearson Education, a U.K. based education publishing and assessment service company, offers IT certification training courses to leading networking, hardware, and software companies such as Microsoft, Oracle, Cisco, and IBM.

The training market in Latin America is expected to witness significant growth in the near future. This growth is majorly attributed to evolution of digitized corporate training in the region that is rapidly replacing conventional training methods. Moreover, increasing number of mobile device users has led to considerable demand for mobile-based training. As per analysis done by Coherent Market Insights, in 2018, the number of mobile users in Latin America was 424 million, and the number increased to 431 million by 2019. Additionally, emergence of novel education programs such as game-based learning to promote online learning via various platforms including social media, is expected to help market players strengthen their footprint in the training market.

Global Training Market: Key Players

Major players operating in the global training market include Skillsoft Limited, Safety Media, GP Strategies Corp., UL EHS Sustainability, PRYOR Learning Solutions, Raytheon Company, DuPont Sustainable Solutions, 360training.com, Inc., SAP Litmos, Vector Solutions, Global Training Solutions, Inc., Cornerstone onDemand, Petroskills, and Euro Petroleum Consultants Ltd. [EPC].

Training is teaching or developing one’s skillsets and knowledge that relate to specific useful competencies. Training has a specific goal of improving person’s capabilities, productivity, and performance. By properly training their employees, organizations can benefit in terms of high productivity and low maintenance costs. Additionally, various types of training are available such as classroom, online, and offline.

Market Drivers: Increasing Preference for Learning Management Systems (LMS)

Learning management system (LMS) is also known as virtual learning system or learning content management system. LMS is a web application that is used to assess learning processes. Learning management system helps trainers in creating and delivering content, track learner participation, and assess performance. LMS offers various interactive features such as video conferencing, threaded discussions, and discussion forums. Many enterprises are shifting from conventional classroom training to e-Learning as it can be convenient and cost-effective.

LMS can be deployed on any platform such as cloud-based, desktop application, self-hosted, and mobile application. Cloud-based LMS is most widely used by enterprises as it can be accessed by learners at anytime, anywhere just by logging into a web portal and accessing all the features of cloud-based learning management system.

Key features of the study:

  • This report provides in-depth analysis of the training market, market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2019– 2027), 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 leading players
  • It profiles leading players in the global training 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 Skillsoft Limited, Safety Media, GP Strategies Corp., UL EHS Sustainability, PRYOR Learning Solutions, Raytheon Company, DuPont Sustainable Solutions, 360training.com, Inc., SAP Litmos, Vector Solutions, Global Training Solutions, Inc., Cornerstone onDemand, Petroskills, and Euro Petroleum Consultants Ltd. [EPC].
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global training market report caters to various stakeholders in the 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 training market

Detailed Segmentation:

  • Global Training Market, By Industry:
    • Government
    • Pulp & Paper
    • Oil & Gas
      • Upstream
      • Midstream
      • Downstream
    • Chemicals & Petrochemicals
    • Pharmaceuticals
    • Rail
    • Industrial Manufacturing
    • Mining
      • Surface
      • Underground
    • Power & Utilities
    • Marine
    • Offshore
    • Alternative Energy
    • Nuclear
    • Healthcare
    • Aerospace
  • Global Training Market, By Training Type:
    • Online
    • Offline
    • Classroom
  • Global Training Market, By Method:
    • Computer-based Training
    • Distance Learning
    • Learning Management System
    • App-based Learning
    • CD-distribution based Learning
    • Mentoring/Coaching Based Learning
    • Table-top Exercise Based Learning
    • Train the Trainer
    • Learning Methods that are Annuitized
    • Video/Audio Tape
    • Blended eLearning /Instructor-led
    • Social Learning
    • Game-based Learning
    • Simulation e-Learning
  • Global Training Market, By Region:
    • North America
      • By Industry:
        • Government
        • Pulp & Paper
        • Oil & Gas
          • Upstream
          • Midstream
          • Downstream
        • Chemicals & Petrochemicals
        • Pharmaceuticals
        • Rail
        • Industrial Manufacturing
        • Mining
          • Surface
          • Underground
        • Power & Utilities
        • Marine
        • Offshore
        • Alternative Energy
        • Nuclear
        • Healthcare
        • Aerospace
      • By Training Type:
        • Online
        • Offline
        • Classroom
      • By Methods:
        • Computer-based Training
        • Distance Learning
        • Learning Management System
        • App-based Learning
        • CD-distribution based Learning
        • Mentoring/Coaching Based Learning
        • Table-top Exercise Based Learning
        • Train the Trainer
        • Learning Methods that are Annuitized
        • Video/Audio Tape
        • Blended eLearning /Instructor-led
        • Social Learning
        • Game-based Learning
        • Simulation e-Learning
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Industry:
        • Government
        • Pulp & Paper
        • Oil & Gas
          • Upstream
          • Midstream
          • Downstream
        • Chemicals & Petrochemicals
        • Pharmaceuticals
        • Rail
        • Industrial Manufacturing
        • Mining
          • Surface
          • Underground
        • Power & Utilities
        • Marine
        • Offshore
        • Alternative Energy
        • Nuclear
        • Healthcare
        • Aerospace
      • By Training Type:
        • Online
        • Offline
        • Classroom
      • By Methods:
        • Computer-based Training
        • Distance Learning
        • Learning Management System
        • App-based Learning
        • CD-distribution based Learning
        • Mentoring/Coaching Based Learning
        • Table-top Exercise Based Learning
        • Train the Trainer
        • Learning Methods that are Annuitized
        • Video/Audio Tape
        • Blended eLearning /Instructor-led
        • Social Learning
        • Game-based Learning
        • Simulation e-Learning
      • By Country:
        • Germany
        • Italy
        • France
        • Spain
        • U.K.
        • Rest of Europe
    • Asia Pacific
      • By Industry:
        • Government
        • Pulp & Paper
        • Oil & Gas
          • Upstream
          • Midstream
          • Downstream
        • Chemicals & Petrochemicals
        • Pharmaceuticals
        • Rail
        • Industrial Manufacturing
        • Mining
          • Surface
          • Underground
        • Power & Utilities
        • Marine
        • Offshore
        • Alternative Energy
        • Nuclear
        • Healthcare
        • Aerospace
      • By Training Type:
        • Online
        • Offline
        • Classroom
      • By Methods:
        • Computer-based Training
        • Distance Learning
        • Learning Management System
        • App-based Learning
        • CD-distribution based Learning
        • Mentoring/Coaching Based Learning
        • Table-top Exercise Based Learning
        • Train the Trainer
        • Learning Methods that are Annuitized
        • Video/Audio Tape
        • Blended eLearning /Instructor-led
        • Social Learning
        • Game-based Learning
        • Simulation e-Learning
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Industry:
        • Government
        • Pulp & Paper
        • Oil & Gas
          • Upstream
          • Midstream
          • Downstream
        • Chemicals & Petrochemicals
        • Pharmaceuticals
        • Rail
        • Industrial Manufacturing
        • Mining
          • Surface
          • Underground
        • Power & Utilities
        • Marine
        • Offshore
        • Alternative Energy
        • Nuclear
        • Healthcare
        • Aerospace
      • By Training Type:
        • Online
        • Offline
        • Classroom
      • By Methods:
        • Computer-based Training
        • Distance Learning
        • Learning Management System
        • App-based Learning
        • CD-distribution based Learning
        • Mentoring/Coaching Based Learning
        • Table-top Exercise Based Learning
        • Train the Trainer
        • Learning Methods that are Annuitized
        • Video/Audio Tape
        • Blended eLearning /Instructor-led
        • Social Learning
        • Game-based Learning
        • Simulation e-Learning
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Industry:
        • Government
        • Pulp & Paper
        • Oil & Gas
          • Upstream
          • Midstream
          • Downstream
        • Chemicals & Petrochemicals
        • Pharmaceuticals
        • Rail
        • Industrial Manufacturing
        • Mining
          • Surface
          • Underground
        • Power & Utilities
        • Marine
        • Offshore
        • Alternative Energy
        • Nuclear
        • Healthcare
        • Aerospace
      • By Training Type:
        • Online
        • Offline
        • Classroom
      • By Methods:
        • Computer-based Training
        • Distance Learning
        • Learning Management System
        • App-based Learning
        • CD-distribution based Learning
        • Mentoring/Coaching Based Learning
        • Table-top Exercise Based Learning
        • Train the Trainer
        • Learning Methods that are Annuitized
        • Video/Audio Tape
        • Blended eLearning /Instructor-led
        • Social Learning
        • Game-based Learning
        • Simulation e-Learning
      • By Country:
        • GCC Country
        • Israel
        • Rest of the Middle East
    • Africa
      • By Industry:
        • Government
        • Pulp & Paper
        • Oil & Gas
          • Upstream
          • Midstream
          • Downstream
        • Chemicals & Petrochemicals
        • Pharmaceuticals
        • Rail
        • Industrial Manufacturing
        • Mining
          • Surface
          • Underground
        • Power & Utilities
        • Marine
        • Offshore
        • Alternative Energy
        • Nuclear
        • Healthcare
        • Aerospace
      • By Training Type:
        • Online
        • Offline
        • Classroom
      • By Methods:
        • Computer-based Training
        • Distance Learning
        • Learning Management System
        • App-based Learning
        • CD-distribution based Learning
        • Mentoring/Coaching Based Learning
        • Table-top Exercise Based Learning
        • Train the Trainer
        • Learning Methods that are Annuitized
        • Video/Audio Tape
        • Blended eLearning /Instructor-led
        • Social Learning
        • Game-based Learning
        • Simulation e-Learning
      • By Sub-region:
        • Central Africa
        • Southern Africa
        • Rest of Africa
  • Company Profiles-Consultancy Companies
    • Skillsoft Limited
      • Company Highlights
      • Key Developments
      • Product Portfolio
      • Market Presence
      • Strategic Presence
    • Safety Media
    • GP Strategies Corp.
    • UL EHS Sustainability
    • PRYOR Learning Solutions
    • Raytheon Company
    • DuPont Sustainable Solutions
    • 360training.com, Inc.
    • SAP Litmos
    • Vector Solutions
    • Global Training Solutions, Inc.
    • Cornerstone onDemand
    • Petroskills
    • Euro Petroleum Consultants Ltd [EPC]

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Industry
      • Market Snippet, By Training Type
      • Market Snippet, By Methods
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Impact Analysis
    • Mergers & Acquisitions
    • Industry Trends
    • Porter’s Five Forces Analysis
  4. Global Training Market, By Industry, 2017-2027 (US$ Mn)
    • Introduction
    • Segment Trends
      • Government
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Pulp & Paper
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Oil & Gas
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
        • Upstream
        • Midstream
        • Downstream
      • Chemicals & Petrochemicals
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Pharmaceuticals
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Rail
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Industrial Manufacturing
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Mining
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
        • Surface
        • Underground
      • Power & Utilities
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
        • Surface
        • Underground
      • Marine
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Offshore
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Alternative Energy
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Nuclear
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Healthcare
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
      • Aerospace
        • Introduction
        • Market Size and Forecast, 2017-2027 (US$ Mn)
  5. Global Training Market, By Training Type, 2017-2027  (US$ Mn)
    • Introduction
    • Segment Trends
      • Online
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Offline
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Classroom
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
  6. Global Training Market, By Methods, 2017-2027  (US$ Mn)
    • Introduction
    • Segment Trends
      • Computer-based Training
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Distance Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Learning Management System
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • App-based Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • CD-distribution Based Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Mentoring/Coaching Based Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Table-top Exercise Based Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Train the Trainer
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Learning Methods that are Annuitized
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Video/Audio Tape
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Blended eLearning /Instructor-led
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Social Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Game-based Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
      • Simulation e-Learning
        • Introduction
        • Market Size and Forecast, 2017-2027, (US$ Mn)
  7. Global Training Market, By Region, 2017-2027 (US$ Mn)
    • Introduction
    • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Training Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Method, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017–2027 (%)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Training Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Method, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Training Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Method, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • China
        • Japan
        • South Korea
        • India
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Training Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Method, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Training Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Method, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
        • GCC Countries
        • Israel
        • Rest of the Middle East
    • Africa
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Training Type, 2017-2027 (US$ Mn)
      • Market Size and Forecast, By Method, 2017-2027 (US$ Mn)
      • Market Share Analysis, By Sub-region, 2017 and 2027 (%)
        • Northern Africa
        • Central Africa
        • Southern Africa
  8. Competitive Landscape
    • Company Profiles
      • Skillsoft Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Safety Media
      • GP Strategies Corp.
      • UL EHS Sustainability
      • PRYOR Learning Solutions
      • Raytheon Company
      • DuPont Sustainable Solutions
      • 360training.com, Inc.
      • SAP Litmos
      • Vector Solutions
      • Global Training Solutions, Inc.
      • Cornerstone onDemand
      • Petroskills
      • Euro Petroleum Consultants Ltd[EPC]
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 80 market data tables and 50 figures on "Training Market - Global forecast to 2027”.

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.


Data Triangulation Methodology | Coherent Market Insights

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.

Market Analysis | Coherent Market Insights

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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