Saudi Arabia Facility Management Market 2025 Trends and Forecasts 2033: Analyzing Growth Opportunities

Key Insights

The Saudi Arabia facility management market is experiencing robust growth, projected to reach a market size of $27.58 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 12.48% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the Kingdom's Vision 2030 initiative is significantly boosting infrastructure development, creating a high demand for comprehensive facility management services across diverse sectors, including commercial real estate, manufacturing, and government infrastructure. Secondly, the increasing adoption of smart building technologies and the growing awareness of sustainability are fueling the demand for advanced facility management solutions, particularly in outsourced and soft facility management services. The private sector's expansion and the rise of large-scale construction projects are also contributing to this growth trajectory. Furthermore, a shift towards outsourcing facility management tasks to specialized firms allows businesses to focus on core competencies, improving operational efficiency and reducing overall costs. This trend is particularly apparent in the commercial and retail sectors, which are witnessing the most rapid adoption of outsourced facility management solutions.

Despite the positive outlook, the market faces challenges. Competition amongst established players and new entrants will intensify, requiring companies to focus on innovative service offerings and cost optimization. Fluctuations in oil prices, while less of a direct impact than in other sectors, could influence overall economic activity and, consequently, investment in facility management. However, the long-term growth prospects remain very positive, given the sustained investment in infrastructure development and the government's commitment to Vision 2030. This ongoing investment coupled with a burgeoning private sector will continue to fuel significant growth within the Saudi Arabian facility management market over the forecast period, creating opportunities for both established and emerging players. The segmentation of the market, encompassing various facility types, offering types, and end-user industries, presents opportunities for specialized firms to cater to niche demands and further drive market segmentation.

Saudi Arabia Facility Management Market Research Report - Market Size, Growth & Forecast

Saudi Arabia Facility Management Market: A Comprehensive Report (2019-2033)

This detailed report provides a comprehensive analysis of the Saudi Arabia Facility Management Market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils the market's current state, future trajectory, and key players shaping its landscape. The report leverages extensive primary and secondary research to deliver actionable intelligence, including market sizing, segmentation, growth drivers, challenges, and emerging opportunities.

Saudi Arabia Facility Management Market Market Concentration & Innovation

The Saudi Arabia facility management market exhibits a moderately concentrated landscape, with a few large players like Saudi Binladin Group and Nesma United Industries holding significant market share. However, numerous smaller and specialized firms are also present, contributing to a dynamic competitive environment. Innovation is driven by technological advancements in areas such as smart building technologies, IoT-enabled solutions, and data analytics for optimized facility management. Regulatory frameworks, while evolving, aim to promote efficiency and sustainability within the sector. Substitutes such as in-house facility management teams exist, but outsourced solutions are increasingly preferred for their specialized expertise and scalability. End-user trends favour integrated facility management solutions, encompassing hard and soft services. M&A activity has been moderate, with deal values varying significantly depending on the size and scope of the acquired companies; the average deal value for the period 2019-2024 was approximately USD xx Million.

Market Concentration: Moderately concentrated, with top players holding approximately xx% market share.
Innovation Drivers: Smart building technologies, IoT, data analytics.
Regulatory Framework: Evolving to promote efficiency and sustainability.
M&A Activity: Moderate, with average deal values of approximately USD xx Million (2019-2024).

Saudi Arabia Facility Management Market Industry Trends & Insights

The Saudi Arabia facility management market is experiencing robust growth, fueled by significant infrastructural development, expanding urbanization, and a rising focus on sustainable practices. The market’s Compound Annual Growth Rate (CAGR) from 2019 to 2024 is estimated at xx%, with projections of xx% CAGR between 2025 and 2033. Technological disruptions, particularly the adoption of smart building technologies and digital platforms, are enhancing operational efficiency and data-driven decision-making. Consumer preferences are shifting towards integrated and sustainable facility management services, driving demand for environmentally friendly solutions. Competitive dynamics are characterized by both consolidation and diversification, with existing players expanding their service portfolios and new entrants emerging to cater to specialized needs. Market penetration of outsourced facility management solutions is expected to reach xx% by 2033.

Saudi Arabia Facility Management Market Growth

Dominant Markets & Segments in Saudi Arabia Facility Management Market

The Saudi Arabia facility management market is dominated by the outsourced facility management segment, driven by the increasing demand for specialized expertise and cost-effectiveness. Within the offering type, hard facility management currently holds a larger market share, but soft facility management is witnessing rapid growth. The Commercial and Retail sector is the largest end-user industry, followed by Government, Infrastructure, and Public Entities. The Riyadh region holds the largest market share due to its significant concentration of commercial, industrial, and government infrastructure.

Key Drivers for Outsourced Facility Management: Cost-effectiveness, specialized expertise, scalability.
Key Drivers for Commercial and Retail Sector: High density of commercial buildings and retail spaces.
Key Drivers for Riyadh Region: Concentrated infrastructure, high economic activity.

Saudi Arabia Facility Management Market Product Developments

Recent product innovations focus on integrating smart building technologies, IoT devices, and data analytics platforms to optimize building performance, energy efficiency, and resource management. These solutions offer competitive advantages through enhanced operational efficiency, reduced costs, and improved sustainability. The market is seeing a strong shift towards integrated facility management (IFM) platforms that offer a holistic approach, encompassing both hard and soft services. This trend is consistent with global developments in facility management and responds well to the increasing need for streamlined processes and reduced operational complexity.

Report Scope & Segmentation Analysis

This report segments the Saudi Arabia facility management market based on:

By Type of Facility Management: In-house Facility Management (expected xx% market share in 2025), Outsourced Facility Management (expected xx% market share in 2025). Growth in outsourced is expected to outpace in-house.
By Offering Type: Hard Facility Management (expected xx% market share in 2025), Soft Facility Management (expected xx% market share in 2025). Soft FM is anticipated to experience higher growth in the forecast period.
By End-user Industry: Commercial and Retail (expected xx% market share in 2025), Manufacturing and Industrial (expected xx% market share in 2025), Government, Infrastructure, and Public Entities (expected xx% market share in 2025), Institutional (expected xx% market share in 2025), Other End-user Industries (expected xx% market share in 2025). Commercial and Retail will likely retain its dominant position.

Each segment presents unique competitive dynamics and growth projections.

Key Drivers of Saudi Arabia Facility Management Market Growth

Several factors are driving the growth of the Saudi Arabia facility management market. These include substantial government investments in infrastructure projects (like the Vision 2030 initiative), the rapid expansion of the commercial and residential sectors, increasing urbanization leading to a higher demand for facility management services, a growing emphasis on sustainability and green building practices, and technological advancements like IoT and smart building technologies enhancing operational efficiency.

Challenges in the Saudi Arabia Facility Management Market Sector

The market faces challenges, including the need for skilled professionals, competition from international players, regulatory complexities, and fluctuating energy prices that can impact operational costs. Supply chain disruptions and the availability of advanced technologies also pose challenges. These factors may cause fluctuations in projected growth and impact profitability for some companies.

Emerging Opportunities in Saudi Arabia Facility Management Market

The market presents significant opportunities for growth, including the expansion of smart building technologies, the rising demand for integrated facility management solutions, and the increasing focus on sustainability. The development of specialized services for sectors like healthcare and education also creates new opportunities. Government initiatives promoting efficiency and sustainability open doors for innovative facility management solutions.

Leading Players in the Saudi Arabia Facility Management Market Market

Saudi Binladin Group - Operation And Maintenance
Facilities Management Company (FMCO)
Zomco (ZAMIL Operations & Maintenance) (ZAMIL Group)
Olive Arabia Co Ltd
Nesma United Industries Co Ltd
Initial Saudi Group (Alesayi Holding )
Almajal G4S (Allied Universal)
Samama Holding Group
Jash Holding LLC
EMCOR Saudi Company Limited
El Seif Operation and Maintenance (ESOM)
Musanadah Facilities Management Company (Alturki Holding)
Al Yamama Company
Khidmah Saudi Arabia (Aldar Properties PJSC)
Al Suwaidi Holding Company KSA
Seder Services Co
ENGIE Solutions (Engie Group)
Enova Facilities Management Services LLC
Tamimi Group
SETE Energy Saudia for Industrial Projects Ltd (SETE Saudia)

Key Developments in Saudi Arabia Facility Management Market Industry

June 2024: National Building and Marketing Co. (NBM) secured a SAR 350 million (USD 93.33 million) contract for the Granada Riyadh Project, highlighting significant investment in infrastructure development and boosting demand for facility management services.
January 2024: The Saudi Green Initiative's USD 186 billion allocation underscores the government's commitment to sustainability, creating opportunities for environmentally conscious facility management solutions. The Public Investment Fund's (PIF) investment of over USD 35 billion in 2023 indicates increased economic activity and potential demand for FM services across various sectors.

Strategic Outlook for Saudi Arabia Facility Management Market Market

The Saudi Arabia facility management market is poised for continued growth, driven by robust economic expansion, large-scale infrastructure projects, and the increasing adoption of advanced technologies. The focus on sustainability and the government's Vision 2030 initiatives will further propel market expansion, creating lucrative opportunities for both established players and new entrants. The market’s future is bright with continued growth in all segments.

Saudi Arabia Facility Management Market Segmentation

1. Service Type
- 1.1. Hard Service
  - 1.1.1. Asset Management
  - 1.1.2. MEP and HVAC Services
  - 1.1.3. Fire Systems and Safety
  - 1.1.4. Other Hard FM Services
- 1.2. Soft Service
  - 1.2.1. Office Support and Security
  - 1.2.2. Cleaning Services
  - 1.2.3. Catering Services
  - 1.2.4. Other Soft FM Services
2. Offering Type
- 2.1. In-House
- 2.2. Outsourced
  - 2.2.1. Single FM
  - 2.2.2. Bundled FM
  - 2.2.3. Integrated FM
3. End-user Industry
- 3.1. Commercial, Retail, and Restaurants
- 3.2. Manufacturing And Industrial
- 3.3. Government, Infrastructure, And Public Entities
- 3.4. Institutional
- 3.5. Other End-user Industries

Saudi Arabia Facility Management Market Segmentation By Geography

1. Saudi Arabia

Saudi Arabia Facility Management Market Regional Share

Saudi Arabia Facility Management Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2019-2033
Base Year	2024
Estimated Year	2025
Forecast Period	2025-2033
Historical Period	2019-2024
Growth Rate	CAGR of 12.48% from 2019-2033
Segmentation	By Service Type Hard Service Asset Management MEP and HVAC Services Fire Systems and Safety Other Hard FM Services Soft Service Office Support and Security Cleaning Services Catering Services Other Soft FM Services By Offering Type In-House Outsourced Single FM Bundled FM Integrated FM By End-user Industry Commercial, Retail, and Restaurants Manufacturing And Industrial Government, Infrastructure, And Public Entities Institutional Other End-user Industries By Geography Saudi Arabia

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
  - - 3.2.1. Infrastructure Development and Growing Real Estate Sector; Increasing Outsourcing Trend and Supporting Government Initiatives; Emphasis on Green and Sustainable Building Practices
- - 3.3. Market Restrains
  - - 3.3.1. ; High cost of development
- - 3.4. Market Trends
  - - 3.4.1. In-house Facility Management to be the Fastest-growing Type of FM
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. Saudi Arabia Facility Management Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Service Type
  - 5.1.1. Hard Service
    - 5.1.1.1. Asset Management
    - 5.1.1.2. MEP and HVAC Services
    - 5.1.1.3. Fire Systems and Safety
    - 5.1.1.4. Other Hard FM Services
  - 5.1.2. Soft Service
    - 5.1.2.1. Office Support and Security
    - 5.1.2.2. Cleaning Services
    - 5.1.2.3. Catering Services
    - 5.1.2.4. Other Soft FM Services
- 5.2. Market Analysis, Insights and Forecast - by Offering Type
  - 5.2.1. In-House
  - 5.2.2. Outsourced
    - 5.2.2.1. Single FM
    - 5.2.2.2. Bundled FM
    - 5.2.2.3. Integrated FM
- 5.3. Market Analysis, Insights and Forecast - by End-user Industry
  - 5.3.1. Commercial, Retail, and Restaurants
  - 5.3.2. Manufacturing And Industrial
  - 5.3.3. Government, Infrastructure, And Public Entities
  - 5.3.4. Institutional
  - 5.3.5. Other End-user Industries
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1. Saudi Arabia
6. Central Saudi Arabia Facility Management Market Analysis, Insights and Forecast, 2019-2031
7. Eastern Saudi Arabia Facility Management Market Analysis, Insights and Forecast, 2019-2031
8. Western Saudi Arabia Facility Management Market Analysis, Insights and Forecast, 2019-2031
9. Southern Saudi Arabia Facility Management Market Analysis, Insights and Forecast, 2019-2031
10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- - 10.2. Company Profiles
  - - 10.2.1 Saudi Binladin Group - Operation And Maintenance
      10.2.1.1. Overview
      10.2.1.2. Products
      10.2.1.3. SWOT Analysis
      10.2.1.4. Recent Developments
      10.2.1.5. Financials (Based on Availability)
    - 10.2.2 Facilities Management Company (FMCO)
      10.2.2.1. Overview
      10.2.2.2. Products
      10.2.2.3. SWOT Analysis
      10.2.2.4. Recent Developments
      10.2.2.5. Financials (Based on Availability)
    - 10.2.3 Zomco (ZAMIL Operations & Maintenance) (ZAMIL Group)
      10.2.3.1. Overview
      10.2.3.2. Products
      10.2.3.3. SWOT Analysis
      10.2.3.4. Recent Developments
      10.2.3.5. Financials (Based on Availability)
    - 10.2.4 Olive Arabia Co Ltd
      10.2.4.1. Overview
      10.2.4.2. Products
      10.2.4.3. SWOT Analysis
      10.2.4.4. Recent Developments
      10.2.4.5. Financials (Based on Availability)
    - 10.2.5 Nesma United Industries Co Ltd
      10.2.5.1. Overview
      10.2.5.2. Products
      10.2.5.3. SWOT Analysis
      10.2.5.4. Recent Developments
      10.2.5.5. Financials (Based on Availability)
    - 10.2.6 Initial Saudi Group (Alesayi Holding )
      10.2.6.1. Overview
      10.2.6.2. Products
      10.2.6.3. SWOT Analysis
      10.2.6.4. Recent Developments
      10.2.6.5. Financials (Based on Availability)
    - 10.2.7 Almajal G4S (Allied Universal)
      10.2.7.1. Overview
      10.2.7.2. Products
      10.2.7.3. SWOT Analysis
      10.2.7.4. Recent Developments
      10.2.7.5. Financials (Based on Availability)
    - 10.2.8 Samama Holding Group
      10.2.8.1. Overview
      10.2.8.2. Products
      10.2.8.3. SWOT Analysis
      10.2.8.4. Recent Developments
      10.2.8.5. Financials (Based on Availability)
    - 10.2.9 Jash Holding LLC
      10.2.9.1. Overview
      10.2.9.2. Products
      10.2.9.3. SWOT Analysis
      10.2.9.4. Recent Developments
      10.2.9.5. Financials (Based on Availability)
    - 10.2.10 EMCOR Saudi Company Limited
      10.2.10.1. Overview
      10.2.10.2. Products
      10.2.10.3. SWOT Analysis
      10.2.10.4. Recent Developments
      10.2.10.5. Financials (Based on Availability)
    - 10.2.11 El Seif Operation and Maintenance (ESOM
      10.2.11.1. Overview
      10.2.11.2. Products
      10.2.11.3. SWOT Analysis
      10.2.11.4. Recent Developments
      10.2.11.5. Financials (Based on Availability)
    - 10.2.12 Musanadah Facilities Management Company (Alturki Holding)
      10.2.12.1. Overview
      10.2.12.2. Products
      10.2.12.3. SWOT Analysis
      10.2.12.4. Recent Developments
      10.2.12.5. Financials (Based on Availability)
    - 10.2.13 Al Yamama Company
      10.2.13.1. Overview
      10.2.13.2. Products
      10.2.13.3. SWOT Analysis
      10.2.13.4. Recent Developments
      10.2.13.5. Financials (Based on Availability)
    - 10.2.14 Khidmah Saudi Arabia (Aldar Properties PJSC)
      10.2.14.1. Overview
      10.2.14.2. Products
      10.2.14.3. SWOT Analysis
      10.2.14.4. Recent Developments
      10.2.14.5. Financials (Based on Availability)
    - 10.2.15 Al Suwaidi Holding Company KSA
      10.2.15.1. Overview
      10.2.15.2. Products
      10.2.15.3. SWOT Analysis
      10.2.15.4. Recent Developments
      10.2.15.5. Financials (Based on Availability)
    - 10.2.16 Seder Services Co
      10.2.16.1. Overview
      10.2.16.2. Products
      10.2.16.3. SWOT Analysis
      10.2.16.4. Recent Developments
      10.2.16.5. Financials (Based on Availability)
    - 10.2.17 ENGIE Solutions (Engie Group)
      10.2.17.1. Overview
      10.2.17.2. Products
      10.2.17.3. SWOT Analysis
      10.2.17.4. Recent Developments
      10.2.17.5. Financials (Based on Availability)
    - 10.2.18 Enova Facilities Management Services LLC
      10.2.18.1. Overview
      10.2.18.2. Products
      10.2.18.3. SWOT Analysis
      10.2.18.4. Recent Developments
      10.2.18.5. Financials (Based on Availability)
    - 10.2.19 Tamimi Group
      10.2.19.1. Overview
      10.2.19.2. Products
      10.2.19.3. SWOT Analysis
      10.2.19.4. Recent Developments
      10.2.19.5. Financials (Based on Availability)
    - 10.2.20 SETE Energy Saudia for Industrial Projects Ltd (SETE Saudia)
      10.2.20.1. Overview
      10.2.20.2. Products
      10.2.20.3. SWOT Analysis
      10.2.20.4. Recent Developments
      10.2.20.5. Financials (Based on Availability)

List of Figures

Figure 1: Saudi Arabia Facility Management Market Revenue Breakdown (Million, %) by Product 2024 & 2032
Figure 2: Saudi Arabia Facility Management Market Share (%) by Company 2024

List of Tables

Table 1: Saudi Arabia Facility Management Market Revenue Million Forecast, by Region 2019 & 2032
Table 2: Saudi Arabia Facility Management Market Revenue Million Forecast, by Service Type 2019 & 2032
Table 3: Saudi Arabia Facility Management Market Revenue Million Forecast, by Offering Type 2019 & 2032
Table 4: Saudi Arabia Facility Management Market Revenue Million Forecast, by End-user Industry 2019 & 2032
Table 5: Saudi Arabia Facility Management Market Revenue Million Forecast, by Region 2019 & 2032
Table 6: Saudi Arabia Facility Management Market Revenue Million Forecast, by Country 2019 & 2032
Table 7: Central Saudi Arabia Facility Management Market Revenue (Million) Forecast, by Application 2019 & 2032
Table 8: Eastern Saudi Arabia Facility Management Market Revenue (Million) Forecast, by Application 2019 & 2032
Table 9: Western Saudi Arabia Facility Management Market Revenue (Million) Forecast, by Application 2019 & 2032
Table 10: Southern Saudi Arabia Facility Management Market Revenue (Million) Forecast, by Application 2019 & 2032
Table 11: Saudi Arabia Facility Management Market Revenue Million Forecast, by Service Type 2019 & 2032
Table 12: Saudi Arabia Facility Management Market Revenue Million Forecast, by Offering Type 2019 & 2032
Table 13: Saudi Arabia Facility Management Market Revenue Million Forecast, by End-user Industry 2019 & 2032
Table 14: Saudi Arabia Facility Management Market Revenue Million Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Saudi Arabia Facility Management Market?

The projected CAGR is approximately 12.48%.

2. Which companies are prominent players in the Saudi Arabia Facility Management Market?

Key companies in the market include Saudi Binladin Group - Operation And Maintenance, Facilities Management Company (FMCO), Zomco (ZAMIL Operations & Maintenance) (ZAMIL Group), Olive Arabia Co Ltd, Nesma United Industries Co Ltd, Initial Saudi Group (Alesayi Holding ), Almajal G4S (Allied Universal), Samama Holding Group, Jash Holding LLC, EMCOR Saudi Company Limited, El Seif Operation and Maintenance (ESOM, Musanadah Facilities Management Company (Alturki Holding), Al Yamama Company, Khidmah Saudi Arabia (Aldar Properties PJSC), Al Suwaidi Holding Company KSA, Seder Services Co, ENGIE Solutions (Engie Group), Enova Facilities Management Services LLC, Tamimi Group, SETE Energy Saudia for Industrial Projects Ltd (SETE Saudia).

3. What are the main segments of the Saudi Arabia Facility Management Market?

The market segments include Service Type, Offering Type, End-user Industry.

4. Can you provide details about the market size?

The market size is estimated to be USD 27.58 Million as of 2022.

5. What are some drivers contributing to market growth?

Infrastructure Development and Growing Real Estate Sector; Increasing Outsourcing Trend and Supporting Government Initiatives; Emphasis on Green and Sustainable Building Practices.

6. What are the notable trends driving market growth?

In-house Facility Management to be the Fastest-growing Type of FM.

7. Are there any restraints impacting market growth?

; High cost of development.

8. Can you provide examples of recent developments in the market?

June 2024: National Building and Marketing Co. (NBM), based in Saudi Arabia, recently inked a significant deal valued at SAR 350 million (USD 93.33 million) with Al-Fayzia Real Estate Development Co. The contract, specifically for the 'Granada Riyadh Project,' entails NBM overseeing infrastructure and superstructure development. This includes constructing, finishing, and supplying all building materials, managing administrative tasks, and ensuring all services are in place for the project's investment readiness.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Saudi Arabia Facility Management 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 Saudi Arabia Facility Management 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 Saudi Arabia Facility Management Market?

To stay informed about further developments, trends, and reports in the Saudi Arabia Facility Management 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*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

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

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.