Key Insights
The Aviation Maintenance, Repair, and Overhaul (MRO) software market is projected to experience significant expansion. Key growth drivers include the escalating demand for optimized maintenance management, heightened operational efficiency, and stringent safety compliance within the aviation sector. This market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 2.9%, reaching a market size of $6.9 billion by 2020. The increasing adoption of cloud-based solutions, the growing complexity of modern aircraft, and the necessity for sophisticated regulatory compliance tools are fueling this expansion. Furthermore, the strategic shift towards predictive maintenance, utilizing data analytics to forecast and mitigate potential issues, is a substantial contributor to market development.
Aviation MRO Software Market Market Size (In Billion)
Key market restraints include the substantial initial investment for new software implementation, the challenges in integrating existing legacy systems, and the requirement for specialized personnel. Despite these hurdles, the long-term advantages of enhanced efficiency, reduced downtime, and improved safety are expected to drive sustained growth. The forecast period anticipates continued advancement, with cloud-based solutions likely to capture a larger market share due to their inherent scalability and cost-effectiveness. Emerging technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) are poised to revolutionize MRO processes, enabling more predictive and automated maintenance strategies.
Aviation MRO Software Market Company Market Share
This comprehensive report offers in-depth analysis of the Aviation MRO Software Market, providing critical insights for all industry stakeholders. The study covers the historical period from 2019-2024 and the forecast period from 2025-2033, with 2020 serving as the base year. The analysis includes detailed examination of market size, segmentation, growth catalysts, challenges, opportunities, and the competitive landscape, alongside strategic outlooks and key developments. Market values are presented in billions.
Aviation MRO Software Market Concentration & Innovation
This section analyzes the market concentration, identifying key players and their market share. Innovation drivers, regulatory frameworks impacting software development and deployment, existing product substitutes, prevalent end-user trends, and significant M&A activities are explored. The competitive landscape is characterized by a mix of established players and emerging innovative companies.
- Market Concentration: The market exhibits a moderately concentrated structure, with a few dominant players holding significant market share. Precise figures for market share are currently unavailable (xx%) for each individual company, but further analysis will be conducted within the full report.
- Innovation Drivers: The increasing demand for enhanced operational efficiency, predictive maintenance, and real-time data analytics fuels innovation in aviation MRO software. Developments such as AI, machine learning, and IoT are key drivers.
- Regulatory Frameworks: Compliance with stringent safety regulations and data privacy standards (e.g., GDPR) significantly influences software development and deployment strategies.
- Product Substitutes: While specialized software remains crucial, the emergence of cloud-based solutions and integrated platforms presents both opportunities and challenges to traditional on-premise systems.
- End-User Trends: Airlines are increasingly adopting cloud-based solutions for better scalability and cost-effectiveness. MROs are focusing on software that improves maintenance efficiency and reduces downtime. OEMs are integrating software into aircraft design for improved lifecycle management.
- M&A Activities: Recent years have witnessed several mergers and acquisitions in the Aviation MRO Software Market. For example, Lufthansa Technik's acquisition of Swiss-AS demonstrates the strategic importance of software capabilities in the sector. While specific M&A deal values are currently unavailable (xx Million), the full report will provide detailed analysis.
Aviation MRO Software Market Industry Trends & Insights
This section delves into the market's growth trajectory, examining key growth drivers, technological advancements, and competitive dynamics.
The Aviation MRO Software Market is experiencing robust growth, driven by factors such as the increasing age of aircraft fleets, stricter regulatory compliance requirements, and the growing adoption of digitalization initiatives within the aviation industry. The market is expected to exhibit a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). Market penetration of cloud-based solutions continues to rise, driven by the benefits of scalability, cost optimization, and enhanced data accessibility. Technological disruptions, such as the integration of AI and machine learning capabilities into MRO software, are transforming maintenance processes and improving predictive capabilities. The increasing need for real-time data analytics and predictive maintenance is significantly boosting market expansion. Furthermore, the growing emphasis on optimizing operational efficiency and reducing aircraft downtime is driving market growth. Competition in the market is intensifying, with both established players and new entrants vying for market share. The market is evolving with strategic alliances, partnerships, and product innovations.
Dominant Markets & Segments in Aviation MRO Software Market
This section identifies the leading regions, countries, and segments within the Aviation MRO Software Market.
- Leading Regions: North America and Europe currently dominate the market, driven by established aviation industries and high adoption rates of advanced technologies. However, the Asia-Pacific region is poised for significant growth, fuelled by rapid expansion of air travel and investment in aviation infrastructure.
- Leading Segments:
- End User: Airlines represent a substantial portion of the market due to their dependence on efficient maintenance for operational success. MROs are major users of specialized MRO software for optimal management of maintenance, repair, and overhaul activities. OEMs are integrating software into aircraft designs to enhance maintainability and optimize lifecycle management.
- Deployment: Cloud-based solutions are gaining traction due to their scalability, accessibility, and cost-effectiveness. On-premises deployments, however, continue to maintain significant market share due to security and data control preferences of some clients. The full report will provide detailed analysis on precise market share and segment sizes.
Key Drivers for Dominance:
- North America/Europe: Strong regulatory frameworks, established aviation industries, high technological adoption, and significant investments in digital transformation initiatives.
- Asia-Pacific: Rapid expansion of air travel, growing investment in aviation infrastructure, increasing demand for advanced MRO solutions to support fleet expansion.
Aviation MRO Software Market Product Developments
Recent years have witnessed significant innovation in aviation MRO software. New products are emphasizing cloud-based architectures, AI-powered predictive maintenance capabilities, and integrated data analytics dashboards. These developments improve operational efficiency, reduce maintenance costs, and enhance fleet availability. The integration of IoT sensors into aircraft provides real-time data, enabling proactive maintenance and reducing unscheduled downtime. These improvements increase market competitiveness and provide a better fit for user demands.
Report Scope & Segmentation Analysis
This report segments the Aviation MRO Software Market by end-user (Airlines, MROs, OEMs) and deployment (Cloud-based, On-premises). Each segment's growth projections, market size, and competitive dynamics are analyzed. The full report will provide detailed breakdowns for each segment, including anticipated market sizes and growth rates for the forecast period.
End-User Segmentation: The Airlines segment is projected to experience significant growth due to increasing fleet sizes and the adoption of digital transformation initiatives. The MRO segment benefits from software enhancements focused on improved maintenance and repair operations. The OEM segment integrates software into new aircraft designs, boosting future demand.
Deployment Segmentation: The cloud-based segment is experiencing faster growth compared to on-premises deployments due to scalability, cost-effectiveness, and accessibility. However, on-premises solutions still hold significant market share due to security concerns and data control requirements.
Key Drivers of Aviation MRO Software Market Growth
Several factors are driving the growth of the Aviation MRO Software Market:
- Technological advancements: AI, machine learning, and IoT are improving predictive maintenance and reducing aircraft downtime.
- Stringent regulatory compliance: Airlines and MROs need software to meet safety and operational standards.
- Increased operational efficiency: Software helps optimize maintenance schedules and reduces costs.
- Growing aircraft fleets: The expanding global air travel market necessitates efficient and cost-effective maintenance solutions.
Challenges in the Aviation MRO Software Market Sector
The Aviation MRO Software Market faces challenges, including:
- High implementation costs: Integrating new software can be expensive for airlines and MROs.
- Data security and privacy concerns: Protecting sensitive aircraft data is paramount.
- Integration complexity: Integrating different software systems can be challenging.
- Competition from established and emerging players: Market competition is intense.
Emerging Opportunities in Aviation MRO Software Market
The Aviation MRO Software Market presents opportunities, including:
- Expansion into new geographical markets: Growing aviation markets in developing countries present significant growth potential.
- Development of specialized software solutions: Meeting the specific needs of different aircraft types and operators creates new opportunities.
- Integration of advanced analytics and predictive maintenance capabilities: This improves operational efficiency and reduces downtime.
Leading Players in the Aviation MRO Software Market
- IBS Software Private Limited
- IBM Corporation
- Rusada
- IFS Aktiebolag
- AerData B V
- Swiss AviationSoftware Ltd (Swiss-AS)
- Flatirons Solutions Inc
- Oracle Corporation
- Communications Software (Airline Systems) Limited
- Ramco Systems Ltd
- HCL Technologies Limited
- SAP SE
Key Developments in Aviation MRO Software Market Industry
- March 2023: The UK Royal Navy and Microsoft launched "Motherlode," significantly accelerating aircraft maintenance data processing, potentially reducing processing times from months to minutes. This development showcases the potential of advanced software for enhancing maintenance efficiency and fleet availability.
- January 2023: Lufthansa Technik's acquisition of Swiss-AS underscores the strategic importance of software solutions in driving digital transformation within the aviation MRO sector. This acquisition strengthens Lufthansa's position in providing advanced technical asset operation solutions.
Strategic Outlook for Aviation MRO Software Market
The Aviation MRO Software Market is poised for continued growth, driven by technological advancements, regulatory pressures, and the increasing need for efficient maintenance solutions. The focus on predictive maintenance, data analytics, and cloud-based solutions will shape the market's future. The integration of AI and machine learning will further enhance the capabilities of MRO software, leading to improved operational efficiency, reduced costs, and enhanced fleet availability. New market entrants and strategic alliances will continue to shape the competitive landscape.
Aviation MRO Software Market Segmentation
-
1. Deployment
- 1.1. Cloud-based
- 1.2. On-premises
-
2. End User
- 2.1. Airlines
- 2.2. MROs
- 2.3. OEMs
Aviation MRO Software Market Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. Middle East and Africa
- 5. Latin America
Aviation MRO Software Market Regional Market Share
Geographic Coverage of Aviation MRO Software Market
Aviation MRO Software Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 2.9% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. The MRO Segment Dominated the Market During the Forecast Period
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Aviation MRO Software Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 5.1.1. Cloud-based
- 5.1.2. On-premises
- 5.2. Market Analysis, Insights and Forecast - by End User
- 5.2.1. Airlines
- 5.2.2. MROs
- 5.2.3. OEMs
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Middle East and Africa
- 5.3.5. Latin America
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 6. North America Aviation MRO Software Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Deployment
- 6.1.1. Cloud-based
- 6.1.2. On-premises
- 6.2. Market Analysis, Insights and Forecast - by End User
- 6.2.1. Airlines
- 6.2.2. MROs
- 6.2.3. OEMs
- 6.1. Market Analysis, Insights and Forecast - by Deployment
- 7. Europe Aviation MRO Software Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Deployment
- 7.1.1. Cloud-based
- 7.1.2. On-premises
- 7.2. Market Analysis, Insights and Forecast - by End User
- 7.2.1. Airlines
- 7.2.2. MROs
- 7.2.3. OEMs
- 7.1. Market Analysis, Insights and Forecast - by Deployment
- 8. Asia Pacific Aviation MRO Software Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Deployment
- 8.1.1. Cloud-based
- 8.1.2. On-premises
- 8.2. Market Analysis, Insights and Forecast - by End User
- 8.2.1. Airlines
- 8.2.2. MROs
- 8.2.3. OEMs
- 8.1. Market Analysis, Insights and Forecast - by Deployment
- 9. Middle East and Africa Aviation MRO Software Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Deployment
- 9.1.1. Cloud-based
- 9.1.2. On-premises
- 9.2. Market Analysis, Insights and Forecast - by End User
- 9.2.1. Airlines
- 9.2.2. MROs
- 9.2.3. OEMs
- 9.1. Market Analysis, Insights and Forecast - by Deployment
- 10. Latin America Aviation MRO Software Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Deployment
- 10.1.1. Cloud-based
- 10.1.2. On-premises
- 10.2. Market Analysis, Insights and Forecast - by End User
- 10.2.1. Airlines
- 10.2.2. MROs
- 10.2.3. OEMs
- 10.1. Market Analysis, Insights and Forecast - by Deployment
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 IBS Software Private Limited
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 IBM Corporation
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Rusada
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 IFS Aktiebolag
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 AerData B V
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Swiss AviationSoftware Ltd (Swiss-AS)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Flatirons Solutions Inc
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Oracle Corporation
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Communications Software (Airline Systems) Limited
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Ramco Systems Ltd
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 HCL Technologies Limited
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 SAP SE
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.1 IBS Software Private Limited
List of Figures
- Figure 1: Global Aviation MRO Software Market Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Aviation MRO Software Market Revenue (billion), by Deployment 2025 & 2033
- Figure 3: North America Aviation MRO Software Market Revenue Share (%), by Deployment 2025 & 2033
- Figure 4: North America Aviation MRO Software Market Revenue (billion), by End User 2025 & 2033
- Figure 5: North America Aviation MRO Software Market Revenue Share (%), by End User 2025 & 2033
- Figure 6: North America Aviation MRO Software Market Revenue (billion), by Country 2025 & 2033
- Figure 7: North America Aviation MRO Software Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Aviation MRO Software Market Revenue (billion), by Deployment 2025 & 2033
- Figure 9: Europe Aviation MRO Software Market Revenue Share (%), by Deployment 2025 & 2033
- Figure 10: Europe Aviation MRO Software Market Revenue (billion), by End User 2025 & 2033
- Figure 11: Europe Aviation MRO Software Market Revenue Share (%), by End User 2025 & 2033
- Figure 12: Europe Aviation MRO Software Market Revenue (billion), by Country 2025 & 2033
- Figure 13: Europe Aviation MRO Software Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Pacific Aviation MRO Software Market Revenue (billion), by Deployment 2025 & 2033
- Figure 15: Asia Pacific Aviation MRO Software Market Revenue Share (%), by Deployment 2025 & 2033
- Figure 16: Asia Pacific Aviation MRO Software Market Revenue (billion), by End User 2025 & 2033
- Figure 17: Asia Pacific Aviation MRO Software Market Revenue Share (%), by End User 2025 & 2033
- Figure 18: Asia Pacific Aviation MRO Software Market Revenue (billion), by Country 2025 & 2033
- Figure 19: Asia Pacific Aviation MRO Software Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East and Africa Aviation MRO Software Market Revenue (billion), by Deployment 2025 & 2033
- Figure 21: Middle East and Africa Aviation MRO Software Market Revenue Share (%), by Deployment 2025 & 2033
- Figure 22: Middle East and Africa Aviation MRO Software Market Revenue (billion), by End User 2025 & 2033
- Figure 23: Middle East and Africa Aviation MRO Software Market Revenue Share (%), by End User 2025 & 2033
- Figure 24: Middle East and Africa Aviation MRO Software Market Revenue (billion), by Country 2025 & 2033
- Figure 25: Middle East and Africa Aviation MRO Software Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Latin America Aviation MRO Software Market Revenue (billion), by Deployment 2025 & 2033
- Figure 27: Latin America Aviation MRO Software Market Revenue Share (%), by Deployment 2025 & 2033
- Figure 28: Latin America Aviation MRO Software Market Revenue (billion), by End User 2025 & 2033
- Figure 29: Latin America Aviation MRO Software Market Revenue Share (%), by End User 2025 & 2033
- Figure 30: Latin America Aviation MRO Software Market Revenue (billion), by Country 2025 & 2033
- Figure 31: Latin America Aviation MRO Software Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Aviation MRO Software Market Revenue billion Forecast, by Deployment 2020 & 2033
- Table 2: Global Aviation MRO Software Market Revenue billion Forecast, by End User 2020 & 2033
- Table 3: Global Aviation MRO Software Market Revenue billion Forecast, by Region 2020 & 2033
- Table 4: Global Aviation MRO Software Market Revenue billion Forecast, by Deployment 2020 & 2033
- Table 5: Global Aviation MRO Software Market Revenue billion Forecast, by End User 2020 & 2033
- Table 6: Global Aviation MRO Software Market Revenue billion Forecast, by Country 2020 & 2033
- Table 7: Global Aviation MRO Software Market Revenue billion Forecast, by Deployment 2020 & 2033
- Table 8: Global Aviation MRO Software Market Revenue billion Forecast, by End User 2020 & 2033
- Table 9: Global Aviation MRO Software Market Revenue billion Forecast, by Country 2020 & 2033
- Table 10: Global Aviation MRO Software Market Revenue billion Forecast, by Deployment 2020 & 2033
- Table 11: Global Aviation MRO Software Market Revenue billion Forecast, by End User 2020 & 2033
- Table 12: Global Aviation MRO Software Market Revenue billion Forecast, by Country 2020 & 2033
- Table 13: Global Aviation MRO Software Market Revenue billion Forecast, by Deployment 2020 & 2033
- Table 14: Global Aviation MRO Software Market Revenue billion Forecast, by End User 2020 & 2033
- Table 15: Global Aviation MRO Software Market Revenue billion Forecast, by Country 2020 & 2033
- Table 16: Global Aviation MRO Software Market Revenue billion Forecast, by Deployment 2020 & 2033
- Table 17: Global Aviation MRO Software Market Revenue billion Forecast, by End User 2020 & 2033
- Table 18: Global Aviation MRO Software Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Aviation MRO Software Market?
The projected CAGR is approximately 2.9%.
2. Which companies are prominent players in the Aviation MRO Software Market?
Key companies in the market include IBS Software Private Limited, IBM Corporation, Rusada, IFS Aktiebolag, AerData B V, Swiss AviationSoftware Ltd (Swiss-AS), Flatirons Solutions Inc, Oracle Corporation, Communications Software (Airline Systems) Limited, Ramco Systems Ltd, HCL Technologies Limited, SAP SE.
3. What are the main segments of the Aviation MRO Software Market?
The market segments include Deployment, End User.
4. Can you provide details about the market size?
The market size is estimated to be USD 6.9 billion as of 2022.
5. What are some drivers contributing to market growth?
N/A
6. What are the notable trends driving market growth?
The MRO Segment Dominated the Market During the Forecast Period.
7. Are there any restraints impacting market growth?
N/A
8. Can you provide examples of recent developments in the market?
March 2023: The UK Royal Navy and Microsoft introduced advanced software, Motherlode, which processes aircraft maintenance data much faster, in some cases reducing months to minutes. It was developed by the Portsmouth-based 1710 Naval Air Squadron (NAS), a group of experts in aircraft overhaul, helicopter monitoring, and airborne-related scientific research. It helps in real-time data processing and advanced analytics to predict material functionality, optimize maintenance timelines, and bolster the Royal Navy's overall fleet availability.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Aviation MRO Software Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Aviation MRO Software Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Aviation MRO Software Market?
To stay informed about further developments, trends, and reports in the Aviation MRO Software Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence