BYOD Market By Device Type and End Users - Global Industry Analysis and Forecast to 2022
Published On : October 2017 Pages : 100 Category: Next Generation Technology Report Code : IC10278
Industry Trend Analysis
In 2017, the global Bring Your Own Device (BYOD) market was worth around USD 64.95 billion and is predicted to reach around USD 318.41 billion with a compound annual growth rate (CAGR) of 15.38% during the projected period. Increased expansion of smartphones and the widespread of services like 4G LTE are anticipated to propel the industry growth in both developed and developing countries. Since the employees are more familiar with the devices which they personally owned and also they can execute tasks more proficiently with their own devices, thus promoting work productivity. Employees have exhibited a greater preference for employing the same device for professional as well as personal applications with the aim of avoiding the troubles like inconvenience and theft which is attributed to carrying two different devices. The requirement for carrying various devices and shifting from work to personal devices or vice versa is terminated. Defeating security worries offered by BYOD execution is among the key challenges for enterprises taking up this model. Potential security risks involve an unregulated intermediary approach to sensitive data, challenges in evaluating vulnerability to risk and tracing device theft, employees, and data with these gadgets leaving the company.
Device Outlook and Trend Analysis
Tablets, smartphones, and laptops are the major devices by which BYOD programs are enforced. In 2017, smartphones reported for around 55% of the global market revenue share, which can be assigned to the fact that cell phone developers have introduced numerous applications that are redolent of popular programs like Microsoft Excel, Microsoft PowerPoint, and Microsoft Word that assist employees to attain an efficient blend of personal lives and work. Laptops are anticipated to show a stable growth during the projected period due to an acquaintance with the abovementioned programs while working, which aid employees to build an office-like working situation at home. Rising tablet’s popularity, which present users the benefits of both laptops and smartphones, is anticipated to activate a rebellion in BYOD implementation. Tablet plans are anticipated to experience a rise in requirement as they are alleged as best solutions to widen access with the same time to limit price.
End Use Outlook and Trend Analysis
Companies of all sizes right from small-to-medium businesses to large businesses have started to implement these programs since they assist in reducing operating spending as well as capital spending significantly. The company employees carry their owned gadgets and devices for work, ensuing in the termination of device or hardware costs. Furthermore, a large fraction of employees also borne data costs obtained on their devices, aiding lower total costs borne by the company. In 2017, medium-to-large businesses reported for around 75% of the industry revenue share, which can be assigned to the advanced communication networks with sufficient security provisions and accessibility of more resources. Small sized businesses too are overtaking at a decent speed and are anticipated to expand at a compound annual growth rate higher than the overall average. A significant fraction of SMBs has used a Mobile Device Management (MDM) solution for managing and governing mobile devices to improve safety concerns. Establishing policies and educating employees about mobility are on the priority of the agenda for numerous SMBs’ IT administrators. Medium-sized businesses have boosted the demand for Mobile Device Management (MDM) implementation. BFSI and Healthcare are anticipated to come out as the major verticals implementing such programs during the projected period. Remote access provision to access information and establishing an association with customers and co-workers are anticipated to act a crucial factor in infiltration into the BFSI section. In Medical, physicians require mobile approach as they frequently work outdoor of the healthcare centers. Under Health Insurance Portability and Accountability Act (HIPAA), the liability issues have mandated assuring Protected Health Information (PHI) on cell phone applications.
Regional Outlook and Trend Analysis
In 2017, North American regional BYOD market was worth around USD 25 billion. This region is anticipated to continue its supremacy during the forecast years. In 2017, the North America region has bestowed to the global industry share and is projected to remain the leading market during the forecast years. Numerous companies in the United States present their employees a choice to work from home, on account of which in North America, the infiltration is very high. Asia Pacific regional BYOD market has been boosted by the expansion of tablets and smartphones together with IT’s consumerization. Even though a lot of users in this region utilize their devices all through work, the shortage of official regulations for BYOD support is a dispute. Employees in India and China show a strong inclination for working after the office hours too, this trend is not noticed in the many of the European countries and the United States.
Competitive Outlook and Trend Analysis
The major market players in the global BYOD industry are; Alcatel-Lucent, Cisco Systems, MobileIron, IBM Corporation, and Good Technology. Rising utilization of personal devices in the companies has ensued as amplified productivity due to the requirement for only a single device. Properties such as protection of data alongside the legal problems need to be managed to render high-level support to employees as well as device safety in case of theft, are the factors boosting the growth of this market.
The global BYOD market is segmented as follows :
By Device
- Smartphones
- Tablets
- Laptops
By End User
- Mid-to-Large Sized Businesses
- Small Businesses
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2022?
- What will be the industry market growth from 2017 to 2022?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
- BYOD Market, By Device Type, Estimates and Forecast, 2012-2022 ($Million)
- Smartphones
- Tablets
- Laptops
- BYOD Market, By End User, Estimates and Forecast, 2012-2022 ($Million)
- Mid-to-Large Sized Businesses
- Small Businesses
- BYOD Market, By Region, Estimates and Forecast, 2012-2022 ($Million)
- North America
- North America BYOD Market, By Country
- North America BYOD Market, By Device Type
- North America BYOD Market, By End User
- U.S. BYOD Market, By Device Type
- U.S. BYOD Market, By End User
- Canada BYOD Market, By Device Type
- Canada BYOD Market, By End User
- Mexico BYOD Market, By Device Type
- Mexico BYOD Market, By End User
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- Europe
- Europe BYOD Market, By Country
- Europe BYOD Market, By Device Type
- Europe BYOD Market, By End User
- Germany BYOD Market, By Device Type
- Germany BYOD Market, By End User
- France BYOD Market, By Device Type
- France BYOD Market, By End User
- UK BYOD Market, By Device Type
- UK BYOD Market, By End User
- Italy BYOD Market, By Device Type
- Italy BYOD Market, By End User
- Spain BYOD Market, By Device Type
- Spain BYOD Market, By End User
- Rest of Europe BYOD Market, By Device Type
- Rest of Europe BYOD Market, By End User
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- Asia-Pacific
- Asia-Pacific BYOD Market, By Country
- Asia-Pacific BYOD Market, By Device Type
- Asia-Pacific BYOD Market, By End User
- Japan BYOD Market, By Device Type
- Japan BYOD Market, By End User
- Australia BYOD Market, By Device Type
- Australia BYOD Market, By End User
- India BYOD Market, By Device Type
- India BYOD Market, By End User
- South Korea BYOD Market, By Device Type
- South Korea BYOD Market, By End User
- Rest of Asia-Pacific BYOD Market, By Device Type
- Rest of Asia-Pacific BYOD Market, By End User
- Asia-Pacific
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- Rest of the World
- Rest of the World BYOD Market, By Country
- Rest of the World BYOD Market, By Device Type
- Rest of the World BYOD Market, By End User
- Brazil BYOD Market, By Device Type
- Brazil BYOD Market, By End User
- South Africa BYOD Market, By Device Type
- South Africa BYOD Market, By End User
- Saudi Arabia BYOD Market, By Device Type
- Saudi Arabia BYOD Market, By End User
- Turkey BYOD Market, By Device Type
- Turkey BYOD Market, By End User
- United Arab Emirates BYOD Market, By Device Type
- United Arab Emirates BYOD Market, By End User
- Others BYOD Market, By Device Type
- Others BYOD Market, By End User
- Rest of the World
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Proliferation of Smartphones and Roll Out of Services
3.2.1.2. Increasing Adoption of Personally Owned Devices Among Employees
3.2.2. Restraints
3.2.2.1. Lack of Proper Security and Risk of Theft
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. BYOD Market, By Device Type
4.1. Introduction
4.2. BYOD Market Assessment and Forecast, By Device Type, 2012-2022
4.3. Smartphones
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4. Tablets
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5. Laptops
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5. BYOD Market, By End User
5.1. Introduction
5.2. The BYOD Market Assessment and Forecast, By End User, 2012-2022
5.3. Mid to Large Sized Businesses
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4. Small Businesses
5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
6. BYOD Market, By Region
6.1. Introduction
6.2. BYOD Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.3. BYOD Market Assessment and Forecast, By End User , 2012-2022 ($Million)
6.4. North America
6.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.4.2. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.4.3. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.4.4. U.S.
6.4.4.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.4.4.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.4.5. Canada
6.4.5.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.4.5.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.4.6. Mexico
6.4.6.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.4.6.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.5. Europe
6.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.5.2. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.5.3. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.5.4. Germany
6.5.4.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.5.4.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.5.5. France
6.5.5.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.5.5.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.5.6. UK
6.5.6.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.5.6.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.5.7. Italy
6.5.7.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.5.7.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.5.8. Spain
6.5.8.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.5.8.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.5.9. Rest of Europe
6.5.9.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.5.9.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.6. Asia-Pacific
6.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.6.2. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.6.3. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.6.4. Japan
6.6.4.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.6.4.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.6.5. China
6.6.5.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.6.5.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.6.6. Australia
6.6.6.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.6.6.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.6.7. India
6.6.7.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.6.7.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.6.8. South Korea
6.6.8.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.6.8.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.6.9. Rest of Asia-Pacific
6.6.9.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.6.9.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.7. Rest of the World
6.7.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)
6.7.2. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.7.3. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.7.4. Brazil
6.7.4.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.7.4.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.7.5. Turkey
6.7.5.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.7.5.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.7.6. Saudi Arabia
6.7.6.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.7.6.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.7.7. South Africa
6.7.7.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.7.7.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.7.8. United Arab Emirates
6.7.8.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.7.8.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
6.7.9. Others
6.7.9.1. Market Assessment and Forecast, By Device Type, 2012-2022 ($Million)
6.7.9.2. Market Assessment and Forecast, By End User, 2012-2022 ($Million)
7. Company Profiles
7.1. Alcatel-Lucent
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.2. Apperian
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.3. Airwatch
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4. Aruba Networks
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5. AT&T Mobility
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.6. Avaya Inc
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Key Financials
7.6.4. Strategic Developments
7.7. Averail
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.8. Cisco Systems Inc.
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Key Financials
7.8.4. Strategic Developments
7.9. Duo Security
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.10. Enterprise Mobilie LLC
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
List of Tables
Table 1.Global BYOD Market, By Device Type, 2012-2022 ($Million)
Table 2.Smartphones Market, By Region, 2012-2022 ($Million)
Table 4.Tablets Market, By Region, 2012-2022 ($Million)
Table 5.Laptops Market, By Region, 2012-2022 ($Million)
Table 6.BYOD Market, By End User, 2012-2022 ($Million)
Table 7.Mid to Large Sized Businesses Market, By Region, 2012-2022 ($Million)
Table 8.Small Businesses Market, By Region, 2012-2022 ($Million)
Table 9.North America BYOD Market, By Device Type, 2012-2022 ($Million)
Table 10.North America BYOD Market, By End User, 2012-2022 ($Million)
Table 11.U.S. BYOD Market, By Device Type, 2012-2022 ($Million)
Table 12.U.S. BYOD Market, By End User, 2012-2022 ($Million)
Table 13.Canada BYOD Market, By Device Type, 2012-2022 ($Million)
Table 14.Canada BYOD Market, By End User, 2012-2022 ($Million)
Table 15.Mexico BYOD Market, By Device Type, 2012-2022 ($Million)
Table 16.Mexico BYOD Market, By End User, 2012-2022 ($Million)
Table 17.Europe BYOD Market, By Country, 2012-2022 ($Million)
Table 18.Europe BYOD Market, By Device Type, 2012-2022 ($Million)
Table 19.Europe BYOD Market, By End User, 2012-2022 ($Million)
Table 20.Germany BYOD Market, By Device Type, 2012-2022 ($Million)
Table 21.Germany BYOD Market, By End User, 2012-2022 ($Million)
Table 22.France BYOD Market, By Device Type, 2012-2022 ($Million)
Table 23.France BYOD Market, By End User, 2012-2022 ($Million)
Table 24.UK BYOD Market, By Device Type, 2012-2022 ($Million)
Table 25.UK BYOD Market, By End User, 2012-2022 ($Million)
Table 26.Italy BYOD Market, By Device Type, 2012-2022 ($Million)
Table 27.Italy BYOD Market, By End User, 2012-2022 ($Million)
Table 28.Spain BYOD Market, By Device Type, 2012-2022 ($Million)
Table 29.Spain BYOD Market, By End User, 2012-2022 ($Million)
Table 30.Rest of Europe BYOD Market, By Device Type, 2012-2022 ($Million)
Table 31.Rest of Europe BYOD Market, By End User, 2012-2022 ($Million)
Table 32.Asia-Pacific BYOD Market, By Country, 2012-2022 ($Million)
Table 33.Asia-Pacific BYOD Market, By Device Type, 2012-2022 ($Million)
Table 34.Asia-Pacific BYOD Market, By End User, 2012-2022 ($Million)
Table 35.Japan BYOD Market, By Device Type, 2012-2022 ($Million)
Table 36.Japan BYOD Market, By End User, 2012-2022 ($Million)
Table 37.China BYOD Market, By Device Type, 2012-2022 ($Million)
Table 38.China BYOD Market, By End User, 2012-2022 ($Million)
Table 39.Australia BYOD Market, By Device Type, 2012-2022 ($Million)
Table 40.Australia BYOD Market, By End User, 2012-2022 ($Million)
Table 41.India BYOD Market, By Device Type, 2012-2022 ($Million)
Table 42.India BYOD Market, By End User, 2012-2022 ($Million)
Table 43.South Korea BYOD Market, By Device Type, 2012-2022 ($Million)
Table 44.South Korea BYOD Market, By End User, 2012-2022 ($Million)
Table 45.Rest of Asia-Pacific BYOD Market, By Device Type, 2012-2022 ($Million)
Table 46.Rest of Asia-Pacific BYOD Market, By End User, 2012-2022 ($Million)
Table 47.Rest of the World BYOD Market, By Country, 2012-2022 ($Million)
Table 48.Rest of the World BYOD Market, By Device Type, 2012-2022 ($Million)
Table 49.Rest of the World BYOD Market, By End User, 2012-2022 ($Million)
Table 50.Brazil BYOD Market, By Device Type, 2012-2022 ($Million)
Table 51.Brazil BYOD Market, By End User, 2012-2022 ($Million)
Table 52.Turkey BYOD Market, By Device Type, 2012-2022 ($Million)
Table 53.Turkey BYOD Market, By End User, 2012-2022 ($Million)
Table 54.Saudi Arabia BYOD Market, By Device Type, 2012-2022 ($Million)
Table 55.Saudi Arabia BYOD Market, By End User, 2012-2022 ($Million)
Table 56.South Africa BYOD Market, By Device Type, 2012-2022 ($Million)
Table 57.South Africa BYOD Market, By End User, 2012-2022 ($Million)
Table 58.United Arab Emirates BYOD Market, By Device Type, 2012-2022 ($Million)
Table 59.United Arab Emirates BYOD Market, By End User, 2012-2022 ($Million)
Table 60.Others BYOD Market, By Device Type, 2012-2022 ($Million)
Table 61.Others BYOD Market, By End User, 2012-2022 ($Million)
Table 62.Alcatel-Lucent: Key Strategic Developments, 2017-2017
Table 63.Apperian: Key Strategic Developments, 2017-2017
Table 64.Airwatch: Key Strategic Developments, 2017-2017
Table 65.Aruba Networks: Key Strategic Developments, 2017-2017
Table 66.AT&T Mobility: Key Strategic Developments, 2017-2017
Table 67.Avaya Inc: Key Strategic Developments, 2017-2017
Table 68.Averail: Key Strategic Developments, 2017-2017
Table 69.Cisco Systems Inc.: Key Strategic Developments, 2017-2017
Table 70.Duo Security: Key Strategic Developments, 2017-2017
Table 71.Enterprise Mobilie LLC: Key Strategic Developments, 2017-2017
List of Figures
Figure 1.Global BYOD Market Share, By Device Type, 2017 & 2025
Figure 2.Global BYOD Market, By End User, 2017, ($Million)
Figure 3.Global BYOD Market, By Region, 2017, ($Million)
Figure 4.Airwatch: Net Revenues, 2017-2017 ($Million)
Figure 5.Airwatch: Net Revenue Share, By Segment, 2017
Figure 6.Airwatch: Net Revenue Share, By Geography, 2017
Figure 7.Cisco Systems Inc.: Net Revenues, 2017-2017 ($Million)
Figure 8.Cisco Systems Inc.: Net Revenue Share, By Segment, 2017
Figure 9.Cisco Systems Inc.: Net Revenue Share, By Geography, 2017
Figure 10.Avaya Inc.: Net Revenues, 2017-2017 ($Million)
Figure 11.Avaya Inc.: Net Revenue Share, By Segment, 2017
Figure 12.Avaya Inc.: Net Revenue Share, By Geography, 2017
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Quantitative Data (2017-2025) |
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