Market Research Methodology
Market Data Collection
Industry Experts employs the proprietary market research techniques which include both the primary and secondary data collection methods for developing unique data sets and research material. The company collects the data from multiple reliable sources to maintain the high level of accuracy and consistency.
The sources of information includes the following, but are not limited to –
1. Primary Sources
- Online Surveys
- Report Based Customized Questionnaires
- Follow-up Tele Interviews with key decision makers
2. Secondary Sources
- Government Statistical Databases
- Company Websites/Annual Reports
- Trade Publications
- Online Databases
- Offline Databases such as CD-ROMs
- Published Research Reports
- Press Releases of Key Market Players
Market Data Analysis and Validation
Our expert data analytics team builts up the various market forecast models by employing the top-bottom, estimating the size of the market, and distributing among the geographic and/or product segments. Based on data availability, we also use the bottom-top approach in our research reports.
The sources and final results of the research are validated in several ways by benchmarking with outside sources such as industry statistics, government databases, opinions of industry experts or key decision makers and the company level averages.
Interpretation and Presentation
The global market research report is presented in the form of tables and charts by using a scientific approach for easy understanding. The past, present and the future analysis is provided for each market and product segment in terms of both value and volume.
The size of the market is interpreted in the United States Dollar for value and the respective unit, based on the product, for volume consumptions. The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.