
Artificial Intelligence In Accounting Market
Artificial Intelligence in Accounting - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Artificial Intelligence in Accounting Market is accounted for $454.92 million in 2018 and is expected to reach $14,054.09 million by 2027 growing at a CAGR of 46.4% during the forecast period. Rising requirement of automation in mundane tasks and requirement for advanced decision making are the major factors driving the market growth. However, lack of skill sets is restraining the market growth.
Artificial Intelligence in Accounting is used to pull accurate outcome from a large amount of data without human intervention. It is much more beneficial for data-driven industries, such as accounting. It is also used for fraud detection.
Based on technology, the Natural Language Processing (NLP) segment is likely to have a huge demand due to its capability to recognize human language, fast processing, user-friendliness and its applications in the areas of invoice classification and contract interpretation etc. By geography, North America is going to have a lucrative growth during the forecast period due to maximum developments in the AI and focus on the players in the region towards new product developments, acquisitions etc.
Some of the key players profiled in the Artificial Intelligence in Accounting Market include Deloitte, EY, Google, IBM, Intuit, KPMG, Microsoft, MindBridge Analytics and Xero.
Deployment Modes Covered:
• On-premises
• Cloud
Enterprise Sizes Covered:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Components Covered:
• Services
• Solutions
Technologies Covered:
• Natural Language Processing (NLP)
• Machine Learning (ML) and Deep Learning
Applications Covered:
• Reporting
• Invoice Classification and Approvals
• Fraud and Risk Management
• Automated Bookkeeping
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Artificial Intelligence in Accounting Market, By Deployment Mode
5.1 Introduction
5.2 On-premises
5.3 Cloud
6 Global Artificial Intelligence in Accounting Market, By Enterprise Size
6.1 Introduction
6.2 Small and Medium-sized Enterprises (SMEs)
6.3 Large Enterprises
7 Global Artificial Intelligence in Accounting Market, By Component
7.1 Introduction
7.2 Services
7.2.1 Managed Services
7.2.2 Professional Services
7.3 Solutions
7.3.1 Platforms
7.3.2 Software Tools
8 Global Artificial Intelligence in Accounting Market, By Technology
8.1 Introduction
8.2 Natural Language Processing (NLP)
8.3 Machine Learning (ML) and Deep Learning
9 Global Artificial Intelligence in Accounting Market, By Application
9.1 Introduction
9.2 Reporting
9.3 Invoice Classification and Approvals
9.4 Fraud and Risk Management
9.5 Automated Bookkeeping
9.6 Other Applications
9.6.1 Tax and Revenue Filing
9.6.2 Expense and Auditing Management
10 Global Artificial Intelligence in Accounting Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Deloitte
12.2 EY
12.3 Google
12.4 IBM
12.5 Intuit
12.6 KPMG
12.7 Microsoft
12.8 MindBridge Analytics
12.9 Xero
List of Tables
1 Global Artificial Intelligence in Accounting Market Outlook, By Region (2017-2027) ($MN)
2 Global Artificial Intelligence in Accounting Market Outlook, By Deployment Mode (2017-2027) ($MN)
3 Global Artificial Intelligence in Accounting Market Outlook, By On-premises (2017-2027) ($MN)
4 Global Artificial Intelligence in Accounting Market Outlook, By Cloud (2017-2027) ($MN)
5 Global Artificial Intelligence in Accounting Market Outlook, By Enterprise Size (2017-2027) ($MN)
6 Global Artificial Intelligence in Accounting Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2017-2027) ($MN)
7 Global Artificial Intelligence in Accounting Market Outlook, By Large Enterprises (2017-2027) ($MN)
8 Global Artificial Intelligence in Accounting Market Outlook, By Component (2017-2027) ($MN)
9 Global Artificial Intelligence in Accounting Market Outlook, By Services (2017-2027) ($MN)
10 Global Artificial Intelligence in Accounting Market Outlook, By Managed Services (2017-2027) ($MN)
11 Global Artificial Intelligence in Accounting Market Outlook, By Professional Services (2017-2027) ($MN)
12 Global Artificial Intelligence in Accounting Market Outlook, By Solutions (2017-2027) ($MN)
13 Global Artificial Intelligence in Accounting Market Outlook, By Platforms (2017-2027) ($MN)
14 Global Artificial Intelligence in Accounting Market Outlook, By Software Tools (2017-2027) ($MN)
15 Global Artificial Intelligence in Accounting Market Outlook, By Technology (2017-2027) ($MN)
16 Global Artificial Intelligence in Accounting Market Outlook, By Natural Language Processing (NLP) (2017-2027) ($MN)
17 Global Artificial Intelligence in Accounting Market Outlook, By Machine Learning (ML) and Deep Learning (2017-2027) ($MN)
18 Global Artificial Intelligence in Accounting Market Outlook, By Application (2017-2027) ($MN)
19 Global Artificial Intelligence in Accounting Market Outlook, By Reporting (2017-2027) ($MN)
20 Global Artificial Intelligence in Accounting Market Outlook, By Invoice Classification and Approvals (2017-2027) ($MN)
21 Global Artificial Intelligence in Accounting Market Outlook, By Fraud and Risk Management (2017-2027) ($MN)
22 Global Artificial Intelligence in Accounting Market Outlook, By Automated Bookkeeping (2017-2027) ($MN)
23 Global Artificial Intelligence in Accounting Market Outlook, By Other Applications (2017-2027) ($MN)
24 Global Artificial Intelligence in Accounting Market Outlook, By Tax and Revenue Filing (2017-2027) ($MN)
25 Global Artificial Intelligence in Accounting Market Outlook, By Expense and Auditing Management (2017-2027) ($MN)
26 North America Artificial Intelligence in Accounting Market Outlook, By Country (2017-2027) ($MN)
27 North America Artificial Intelligence in Accounting Market Outlook, By Deployment Mode (2017-2027) ($MN)
28 North America Artificial Intelligence in Accounting Market Outlook, By On-premises (2017-2027) ($MN)
29 North America Artificial Intelligence in Accounting Market Outlook, By Cloud (2017-2027) ($MN)
30 North America Artificial Intelligence in Accounting Market Outlook, By Enterprise Size (2017-2027) ($MN)
31 North America Artificial Intelligence in Accounting Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2017-2027) ($MN)
32 North America Artificial Intelligence in Accounting Market Outlook, By Large Enterprises (2017-2027) ($MN)
33 North America Artificial Intelligence in Accounting Market Outlook, By Component (2017-2027) ($MN)
34 North America Artificial Intelligence in Accounting Market Outlook, By Services (2017-2027) ($MN)
35 North America Artificial Intelligence in Accounting Market Outlook, By Managed Services (2017-2027) ($MN)
36 North America Artificial Intelligence in Accounting Market Outlook, By Professional Services (2017-2027) ($MN)
37 North America Artificial Intelligence in Accounting Market Outlook, By Solutions (2017-2027) ($MN)
38 North America Artificial Intelligence in Accounting Market Outlook, By Platforms (2017-2027) ($MN)
39 North America Artificial Intelligence in Accounting Market Outlook, By Software Tools (2017-2027) ($MN)
40 North America Artificial Intelligence in Accounting Market Outlook, By Technology (2017-2027) ($MN)
41 North America Artificial Intelligence in Accounting Market Outlook, By Natural Language Processing (NLP) (2017-2027) ($MN)
42 North America Artificial Intelligence in Accounting Market Outlook, By Machine Learning (ML) and Deep Learning (2017-2027) ($MN)
43 North America Artificial Intelligence in Accounting Market Outlook, By Application (2017-2027) ($MN)
44 North America Artificial Intelligence in Accounting Market Outlook, By Reporting (2017-2027) ($MN)
45 North America Artificial Intelligence in Accounting Market Outlook, By Invoice Classification and Approvals (2017-2027) ($MN)
46 North America Artificial Intelligence in Accounting Market Outlook, By Fraud and Risk Management (2017-2027) ($MN)
47 North America Artificial Intelligence in Accounting Market Outlook, By Automated Bookkeeping (2017-2027) ($MN)
48 North America Artificial Intelligence in Accounting Market Outlook, By Other Applications (2017-2027) ($MN)
49 North America Artificial Intelligence in Accounting Market Outlook, By Tax and Revenue Filing (2017-2027) ($MN)
50 North America Artificial Intelligence in Accounting Market Outlook, By Expense and Auditing Management (2017-2027) ($MN)
51 Europe Artificial Intelligence in Accounting Market Outlook, By Country (2017-2027) ($MN)
52 Europe Artificial Intelligence in Accounting Market Outlook, By Deployment Mode (2017-2027) ($MN)
53 Europe Artificial Intelligence in Accounting Market Outlook, By On-premises (2017-2027) ($MN)
54 Europe Artificial Intelligence in Accounting Market Outlook, By Cloud (2017-2027) ($MN)
55 Europe Artificial Intelligence in Accounting Market Outlook, By Enterprise Size (2017-2027) ($MN)
56 Europe Artificial Intelligence in Accounting Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2017-2027) ($MN)
57 Europe Artificial Intelligence in Accounting Market Outlook, By Large Enterprises (2017-2027) ($MN)
58 Europe Artificial Intelligence in Accounting Market Outlook, By Component (2017-2027) ($MN)
59 Europe Artificial Intelligence in Accounting Market Outlook, By Services (2017-2027) ($MN)
60 Europe Artificial Intelligence in Accounting Market Outlook, By Managed Services (2017-2027) ($MN)
61 Europe Artificial Intelligence in Accounting Market Outlook, By Professional Services (2017-2027) ($MN)
62 Europe Artificial Intelligence in Accounting Market Outlook, By Solutions (2017-2027) ($MN)
63 Europe Artificial Intelligence in Accounting Market Outlook, By Platforms (2017-2027) ($MN)
64 Europe Artificial Intelligence in Accounting Market Outlook, By Software Tools (2017-2027) ($MN)
65 Europe Artificial Intelligence in Accounting Market Outlook, By Technology (2017-2027) ($MN)
66 Europe Artificial Intelligence in Accounting Market Outlook, By Natural Language Processing (NLP) (2017-2027) ($MN)
67 Europe Artificial Intelligence in Accounting Market Outlook, By Machine Learning (ML) and Deep Learning (2017-2027) ($MN)
68 Europe Artificial Intelligence in Accounting Market Outlook, By Application (2017-2027) ($MN)
69 Europe Artificial Intelligence in Accounting Market Outlook, By Reporting (2017-2027) ($MN)
70 Europe Artificial Intelligence in Accounting Market Outlook, By Invoice Classification and Approvals (2017-2027) ($MN)
71 Europe Artificial Intelligence in Accounting Market Outlook, By Fraud and Risk Management (2017-2027) ($MN)
72 Europe Artificial Intelligence in Accounting Market Outlook, By Automated Bookkeeping (2017-2027) ($MN)
73 Europe Artificial Intelligence in Accounting Market Outlook, By Other Applications (2017-2027) ($MN)
74 Europe Artificial Intelligence in Accounting Market Outlook, By Tax and Revenue Filing (2017-2027) ($MN)
75 Europe Artificial Intelligence in Accounting Market Outlook, By Expense and Auditing Management (2017-2027) ($MN)
76 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Country (2017-2027) ($MN)
77 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Deployment Mode (2017-2027) ($MN)
78 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By On-premises (2017-2027) ($MN)
79 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Cloud (2017-2027) ($MN)
80 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Enterprise Size (2017-2027) ($MN)
81 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2017-2027) ($MN)
82 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Large Enterprises (2017-2027) ($MN)
83 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Component (2017-2027) ($MN)
84 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Services (2017-2027) ($MN)
85 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Managed Services (2017-2027) ($MN)
86 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Professional Services (2017-2027) ($MN)
87 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Solutions (2017-2027) ($MN)
88 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Platforms (2017-2027) ($MN)
89 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Software Tools (2017-2027) ($MN)
90 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Technology (2017-2027) ($MN)
91 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Natural Language Processing (NLP) (2017-2027) ($MN)
92 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Machine Learning (ML) and Deep Learning (2017-2027) ($MN)
93 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Application (2017-2027) ($MN)
94 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Reporting (2017-2027) ($MN)
95 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Invoice Classification and Approvals (2017-2027) ($MN)
96 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Fraud and Risk Management (2017-2027) ($MN)
97 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Automated Bookkeeping (2017-2027) ($MN)
98 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Other Applications (2017-2027) ($MN)
99 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Tax and Revenue Filing (2017-2027) ($MN)
100 Asia Pacific Artificial Intelligence in Accounting Market Outlook, By Expense and Auditing Management (2017-2027) ($MN)
101 South America Artificial Intelligence in Accounting Market Outlook, By Country (2017-2027) ($MN)
102 South America Artificial Intelligence in Accounting Market Outlook, By Deployment Mode (2017-2027) ($MN)
103 South America Artificial Intelligence in Accounting Market Outlook, By On-premises (2017-2027) ($MN)
104 South America Artificial Intelligence in Accounting Market Outlook, By Cloud (2017-2027) ($MN)
105 South America Artificial Intelligence in Accounting Market Outlook, By Enterprise Size (2017-2027) ($MN)
106 South America Artificial Intelligence in Accounting Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2017-2027) ($MN)
107 South America Artificial Intelligence in Accounting Market Outlook, By Large Enterprises (2017-2027) ($MN)
108 South America Artificial Intelligence in Accounting Market Outlook, By Component (2017-2027) ($MN)
109 South America Artificial Intelligence in Accounting Market Outlook, By Services (2017-2027) ($MN)
110 South America Artificial Intelligence in Accounting Market Outlook, By Managed Services (2017-2027) ($MN)
111 South America Artificial Intelligence in Accounting Market Outlook, By Professional Services (2017-2027) ($MN)
112 South America Artificial Intelligence in Accounting Market Outlook, By Solutions (2017-2027) ($MN)
113 South America Artificial Intelligence in Accounting Market Outlook, By Platforms (2017-2027) ($MN)
114 South America Artificial Intelligence in Accounting Market Outlook, By Software Tools (2017-2027) ($MN)
115 South America Artificial Intelligence in Accounting Market Outlook, By Technology (2017-2027) ($MN)
116 South America Artificial Intelligence in Accounting Market Outlook, By Natural Language Processing (NLP) (2017-2027) ($MN)
117 South America Artificial Intelligence in Accounting Market Outlook, By Machine Learning (ML) and Deep Learning (2017-2027) ($MN)
118 South America Artificial Intelligence in Accounting Market Outlook, By Application (2017-2027) ($MN)
119 South America Artificial Intelligence in Accounting Market Outlook, By Reporting (2017-2027) ($MN)
120 South America Artificial Intelligence in Accounting Market Outlook, By Invoice Classification and Approvals (2017-2027) ($MN)
121 South America Artificial Intelligence in Accounting Market Outlook, By Fraud and Risk Management (2017-2027) ($MN)
122 South America Artificial Intelligence in Accounting Market Outlook, By Automated Bookkeeping (2017-2027) ($MN)
123 South America Artificial Intelligence in Accounting Market Outlook, By Other Applications (2017-2027) ($MN)
124 South America Artificial Intelligence in Accounting Market Outlook, By Tax and Revenue Filing (2017-2027) ($MN)
125 South America Artificial Intelligence in Accounting Market Outlook, By Expense and Auditing Management (2017-2027) ($MN)
126 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Country (2017-2027) ($MN)
127 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Deployment Mode (2017-2027) ($MN)
128 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By On-premises (2017-2027) ($MN)
129 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Cloud (2017-2027) ($MN)
130 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Enterprise Size (2017-2027) ($MN)
131 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2017-2027) ($MN)
132 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Large Enterprises (2017-2027) ($MN)
133 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Component (2017-2027) ($MN)
134 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Services (2017-2027) ($MN)
135 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Managed Services (2017-2027) ($MN)
136 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Professional Services (2017-2027) ($MN)
137 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Solutions (2017-2027) ($MN)
138 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Platforms (2017-2027) ($MN)
139 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Software Tools (2017-2027) ($MN)
140 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Technology (2017-2027) ($MN)
141 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Natural Language Processing (NLP) (2017-2027) ($MN)
142 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Machine Learning (ML) and Deep Learning (2017-2027) ($MN)
143 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Application (2017-2027) ($MN)
144 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Reporting (2017-2027) ($MN)
145 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Invoice Classification and Approvals (2017-2027) ($MN)
146 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Fraud and Risk Management (2017-2027) ($MN)
147 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Automated Bookkeeping (2017-2027) ($MN)
148 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Other Applications (2017-2027) ($MN)
149 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Tax and Revenue Filing (2017-2027) ($MN)
150 Middle East & Africa Artificial Intelligence in Accounting Market Outlook, By Expense and Auditing Management (2017-2027) ($MN)
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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