Insurance Business Process Outsourcing (BPO) Market by Product Type (Development, Marketing, Administration, Asset Management, Claims Management), by Application (Property And Casualty, Life And Pension) - Overall In-depth Analysis, Global Market Share, Top Trends, Professional & Technical Industry Insights 2020 - 2026

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The global insurance business process outsourcing (BPO) market size was valued at USD XX million in 2019 and is predicted to register a CAGR of XX% from 2020 to 2026.

The report covers the current estimate and forecast for insurance business process outsourcing (BPO) market on a global and regional level. The report provides an in-depth analysis of the insurance business process outsourcing (BPO) market for the period 2016 – 2026, wherein 2019 is the base year and the period from 2020 to 2026 is the forecast period. Data for 2016- 2018 has been included as historical information. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ MN), across different geographies, which includes North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA) and Latin America (LATAM).

The report provides cross-sectional analysis of the insurance business process outsourcing (BPO) market in terms of market estimates and forecasts for all the segments across different geographic regions. The report covers all the prevalent trends and technologies playing a major role in the growth of the insurance business process outsourcing (BPO) market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.

The study offers market attractiveness analysis and the Porter’s Five Forces model analysis to help the client gauge the competitive landscape of major vendors of the global insurance business process outsourcing (BPO) market. This comprehensive study also provides a detailed analysis and overview of each segments included in the study.

In order to give the users of this report, a comprehensive view of the insurance business process outsourcing (BPO) market, we have included a detailed competitive scenario and product portfolio of the key vendors spread across various geographies. The report study also includes PESTEL analysis and SWOT analysis of the industry. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness in terms of investment opportunity and incremental value growth.

Regional Insights

The report segments the market by major types, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026.

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further divided into countries such as U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Japan, India, China, Brazil, GCC countries, South Africa among others.

Insurance Business Process Outsourcing (BPO) Market Share Insights

Key industry participants analyzed and profiled in this study includes Accenture, Capita, Cognizant, Computer Sciences, Dell, HCL, iGate, Infosys, MphasiS, Serco Group, Sutherland Global Services, Syntel, Tech Mahindra, Wipro, Xchanging, Xerox, Market Driver among others.

Scope of the Report

Attribute Details
Base year for estimation 2019
Actual estimates/Historical data 2016 - 2018
Forecast period 2020 - 2026
Market representation Revenue in USD Million & CAGR from 2020 to 2026
Regional scope North America, Europe, Asia Pacific, Central & South America & MEA
Country scope U.S., Germany, U.K., Italy, China, Japan, Brazil
Report coverage       Revenue forecast, company share, competitive landscape, growth factors and trends
Free customization scope (equivalent to 5 analyst working days) If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends and opportunities in each of the sub-segments from 2016 to 2026. For the purpose of this study, Syndicate Market Research has segmented the global insurance business process outsourcing (BPO) market report on the basis of product type, application, and region:

Global Insurance Business Process Outsourcing (BPO) Market: Product Type Segment Analysis

  • Development
  • Marketing
  • Administration
  • Asset Management
  • Claims Management

Global Insurance Business Process Outsourcing (BPO) Market: Application Segment Analysis

  • Property And Casualty
  • Life And Pension

Global Insurance Business Process Outsourcing (BPO) Market: Regional Segment Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Chile
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

These players adopted different strategies so as to hold major market share in this market. Some of the major players in Insurance Business Process Outsourcing (BPO) industry includes.

  • Accenture
  • Capita
  • Cognizant
  • Computer Sciences
  • Dell
  • HCL
  • iGate
  • Infosys
  • MphasiS
  • Serco Group
  • Sutherland Global Services
  • Syntel
  • Tech Mahindra
  • Wipro
  • Xchanging
  • Xerox
  • Market Driver

Based on the Insurance Business Process Outsourcing (BPO) market analysis, North America is predicted to held the highest share in the Insurance Business Process Outsourcing (BPO) market during the forecast period.

The statistical data of the top market players of Insurance Business Process Outsourcing (BPO) industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Insurance Business Process Outsourcing (BPO) industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.

The study offers a decisive view on the Insurance Business Process Outsourcing (BPO) by segmenting the market based on Product Type, Application, and region.

The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.

The sample for Insurance Business Process Outsourcing (BPO) market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.

  1. Preface
    1. Report Description and Scope
    2. Research Scope
    3. Research Methodology
      1. Market Research Process
      2. Market Research Methodology
  2. Executive Summary
    1. Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
    2. Insurance Business Process Outsourcing (BPO) Market: Snapshot
  3. Insurance Business Process Outsourcing (BPO) - Industry Analysis
    1. Insurance Business Process Outsourcing (BPO): Market Dynamics
    2. Market Drivers
      1. Driver 1
      2. Driver 2
    3. Restraints
      1. Restraint 1
      2. Restraint 2
    4. Opportunity
      1. Government funding and support
    5. Porter’s Five Forces Analysis
    6. Market Attractiveness Analysis
      1. Market attractiveness analysis By Product
      2. Market attractiveness analysis By Application
      3. Market attractiveness analysis by Region
  4. Insurance Business Process Outsourcing (BPO) Market - Competitive Landscape
    1. Company market share analysis
      1. Global Insurance Business Process Outsourcing (BPO) Market: company market share, 2019
    2. Strategic development
      1. Acquisitions & mergers
      2. New Product launches
      3. Agreements, partnerships, collaborations and joint ventures
      4. Research and development and Regional expansion
    3. Price trend analysis
  5. Global Insurance Business Process Outsourcing (BPO) Market -Product Type Analysis
    1. Global Insurance Business Process Outsourcing (BPO) Market overview: By Product Type
      1. Global Insurance Business Process Outsourcing (BPO) Market share, By Product Type,2019 and 2026
    2. Development
      1. Global Insurance Business Process Outsourcing (BPO) Market by Development, 2016-2026 (USD Million)
    3. Marketing
      1. Global Insurance Business Process Outsourcing (BPO) Market by Marketing, 2016-2026 (USD Million)
    4. Administration
      1. Global Insurance Business Process Outsourcing (BPO) Market by Administration, 2016-2026 (USD Million)
    5. Asset Management
      1. Global Insurance Business Process Outsourcing (BPO) Market by Asset Management, 2016-2026 (USD Million)
    6. Claims Management
      1. Global Insurance Business Process Outsourcing (BPO) Market by Claims Management, 2016-2026 (USD Million)
  6. Global Insurance Business Process Outsourcing (BPO) Market -Application Analysis
    1. Global Insurance Business Process Outsourcing (BPO) Market overview: By Application
      1. Global Insurance Business Process Outsourcing (BPO) Market share, By Application,2019 and 2026
    2. Property And Casualty
      1. Global Insurance Business Process Outsourcing (BPO) Market by Property And Casualty, 2016-2026 (USD Million)
    3. Life And Pension
      1. Global Insurance Business Process Outsourcing (BPO) Market by Life And Pension, 2016-2026 (USD Million)
  7. Global Insurance Business Process Outsourcing (BPO) Market - Regional Analysis
    1. Global Insurance Business Process Outsourcing (BPO) Market overview: by Region
      1. Global Insurance Business Process Outsourcing (BPO) Market share, by Region, 2019 and 2026
    2. North America
      1. North America Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
      1. North America Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      1. North America Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      1. U.S. Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      2. U.S. Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      3. Canada Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Canada Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      5. Mexico Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      6. Mexico Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
    3. Europe
      1. Europe Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
      1. Europe Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Europe Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      1. UK Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      2. UK Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      3. Germany Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Germany Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      5. France Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      6. France Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      7. Italy Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Italy Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      9. Spain Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      10. Spain Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      11. Netherlands Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      12. Netherlands Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      13. Rest of Europe Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      14. Rest of Europe Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
    4. Asia Pacific
      1. Asia Pacific Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
      1. Asia Pacific Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Asia Pacific Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      1. China Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      2. China Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      3. Japan Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Japan Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      5. India Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      6. India Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      7. Australia Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Australia Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      9. South East Asia Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      10. South East Asia Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      11. South Korea Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      12. South Korea Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      13. Rest of Asia Pacific Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      14. Rest of Asia Pacific Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
    5. Latin America
      1. Latin America Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
      1. Latin America Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Latin America Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      1. Brazil Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      2. Brazil Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      3. Argentina Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Argentina Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      5. Chile Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      6. Chile Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      7. Rest of Latin America Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Rest of Latin America Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
    6. Middle East & Africa
      1. Middle East & Africa Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
      1. Middle East & Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      1. Middle East & Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      1. GCC Countries Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      2. GCC Countries Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      3. Nigeria Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      4. Nigeria Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      5. South Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      6. South Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
      7. Rest of Middle East & Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type, 2016-2026 (USD Million)
      8. Rest of Middle East & Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Application, 2016-2026 (USD Million)
  8. Company Profiles
    1. Accenture
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    2. Capita
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    3. Cognizant
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    4. Computer Sciences
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    5. Dell
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    6. HCL
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    7. iGate
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    8. Infosys
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    9. MphasiS
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    10. Serco Group
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    11. Sutherland Global Services
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    12. Syntel
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    13. Tech Mahindra
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    14. Wipro
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    15. Xchanging
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    16. Xerox
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments
    17. Market Driver
      1. Overview
      2. Financials
      3. Product Portfolio
      4. Business Strategy
      5. Recent Developments

 

List of Figures

  1. Market research process
  2. Market research methodology
  3. Global Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
  4. Porter’s Five Forces Analysis
  5. Global Insurance Business Process Outsourcing (BPO) Market attractiveness, By Product Type
  6. Global Insurance Business Process Outsourcing (BPO) Market attractiveness, By Application
  7. Global Insurance Business Process Outsourcing (BPO) market share, By Product Type, 2019 and 2026
  8. Global Insurance Business Process Outsourcing (BPO) Market by Development, 2016-2026 (USD Million)
  9. Global Insurance Business Process Outsourcing (BPO) Market by Marketing, 2016-2026 (USD Million)
  10. Global Insurance Business Process Outsourcing (BPO) Market by Administration, 2016-2026 (USD Million)
  11. Global Insurance Business Process Outsourcing (BPO) Market by Asset Management, 2016-2026 (USD Million)
  12. Global Insurance Business Process Outsourcing (BPO) Market by Claims Management, 2016-2026 (USD Million)
  13. Global Insurance Business Process Outsourcing (BPO) market share, By Application, 2019 and 2026
  14. Global Insurance Business Process Outsourcing (BPO) Market by Property And Casualty, 2016-2026 (USD Million)
  15. Global Insurance Business Process Outsourcing (BPO) Market by Life And Pension, 2016-2026 (USD Million)
  16. Global Insurance Business Process Outsourcing (BPO) Market share, by Region, 2019 and 2026
  17. North America Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
  18. Europe Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
  19. Asia Pacific Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
  20. Latin America Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)
  21. Middle East & Africa Insurance Business Process Outsourcing (BPO) Market, 2016-2026 (USD Million)

 

List of Tables

  1. Global Insurance Business Process Outsourcing (BPO) Market: snapshot
  2. Drivers of the Insurance Business Process Outsourcing (BPO) Market: impact analysis
  3. Restraints of the Insurance Business Process Outsourcing (BPO) Market: impact analysis
  4. North America Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type,2016-2026 (USD Million)
  5. North America Insurance Business Process Outsourcing (BPO) Market revenue, By Application,2016-2026 (USD Million)
  6. Europe Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type,2016-2026 (USD Million)
  7. Europe Insurance Business Process Outsourcing (BPO) Market revenue, By Application,2016-2026 (USD Million)
  8. Asia Pacific Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type,2016-2026 (USD Million)
  9. Asia Pacific Insurance Business Process Outsourcing (BPO) Market revenue, By Application,2016-2026 (USD Million)
  10. Latin America Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type,2016-2026 (USD Million)
  11. Latin America Insurance Business Process Outsourcing (BPO) Market revenue, By Application,2016-2026 (USD Million)
  12. Middle East & Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Product Type,2016-2026 (USD Million)
  13. Middle East & Africa Insurance Business Process Outsourcing (BPO) Market revenue, By Application,2016-2026 (USD Million)
  • Accenture
  • Capita
  • Cognizant
  • Computer Sciences
  • Dell
  • HCL
  • iGate
  • Infosys
  • MphasiS
  • Serco Group
  • Sutherland Global Services
  • Syntel
  • Tech Mahindra
  • Wipro
  • Xchanging
  • Xerox
  • Market Driver

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.

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