Environment Health And Safety Market
Environment Health & Safety Market Forecasts to 2030 - Global Analysis By Component (Services, Software and Other Components), Deployment Mode (On-Premise and Cloud), End User (Energy & Mining, Telecom & IT, Chemicals, Healthcare, Construction and Other End Users) and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $7.3 BN |
Projected Year Value (2030) |
US $13.5 BN |
CAGR (2023 - 2030) |
9.2% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Environment Health & Safety Market is accounted for $7.3 billion in 2023 and is expected to reach $13.5 billion by 2030 growing at a CAGR of 9.2% during the forecast period. The phrase ""environmental health and safety"" (EHS) defines the range of measures used by companies to safeguard their workers, clients, and the environment from potential damage. EHS covers everything, from monitoring employee wellness initiatives to ensuring that OSHA requirements are followed. The EHS covers consulting services for implementing best practices, conducting audits, and ensuring compliance with local, national, and international regulations governing workplace safety and environmental protection.
According to the Microsoft and PwC, the deployment of AI can decrease global GHG emissions by 4% in 2030. According to the National Safety Council, over 60% of the CFOs reported that each USD 1 invested in injury prevention at the workplace returned USD 2 or more in 2017.
Market Dynamics:
Driver:
Increasing public concern about environmental issues
As communities become increasingly aware of the detrimental impacts of pollution, climate change, and industrial hazards, there's a growing demand for robust EHS solutions. This heightened awareness has prompted governments to enact stricter regulations, compelling industries to prioritize environmental sustainability and employee safety. Consequently, businesses are investing more in comprehensive EHS programs to comply with regulations, mitigate risks, and safeguard their reputation. Moreover, consumers are favoring eco-friendly and socially responsible companies, pushing organizations to integrate sustainability practices into their operations.
Restraint:
Regulatory compliance costs
Adhering to stringent environmental, health, and safety regulations often necessitates substantial financial investments from businesses. These costs encompass not only direct expenditures on equipment, training, and personnel but also indirect expenses related to compliance monitoring, reporting, and legal fees. Moreover, as regulations evolve and become more complex, companies may face ongoing expenses to keep pace with new requirements. For smaller organizations or those operating on tight budgets, these compliance costs can be particularly burdensome and may divert resources away from other critical areas of operation.
Opportunity:
Technological advancements
Innovations such as IoT (Internet of Things) sensors, AI (Artificial Intelligence), machine learning, and data analytics empower organizations to monitor environmental conditions in real-time, predict potential hazards, and proactively implement preventive measures. This technology also facilitates the collection and analysis of vast amounts of data, allowing companies to identify trends, patterns, and areas for improvement in their EHS practices. Additionally, advancements in communication and collaboration tools enhance stakeholder engagement and enable more effective regulatory compliance.
Threat:
Resistance to change
This resistance often stems from various factors, including organizational inertia, fear of the unknown, and reluctance to invest in new systems or processes. In many industries, established practices and procedures may be deeply ingrained, making it challenging to implement new EHS initiatives effectively. However, employees and stakeholders may resist change due to concerns about job security, perceived disruptions to daily operations, or lack of understanding about the benefits of EHS improvements.
Covid-19 Impact:
Initially, the outbreak led to disruptions in the EHS sector as businesses focused on immediate crisis management rather than long-term sustainability efforts. As the pandemic unfolded, it catalyzed a heightened awareness of health and safety concerns, leading to increased investments in EHS solutions. Companies prioritized measures to ensure workplace safety, including implementing remote monitoring technologies, enhancing sanitation protocols, and enforcing social distancing measures. Additionally, the crisis underscored the importance of resilience and preparedness in the face of global health threats, driving organizations to adopt more robust EHS strategies and solutions.
The software segment is expected to be the largest during the forecast period
Software segment is expected to hold the largest share of the market throughout the projection period. These software solutions encompass a wide range of functionalities, including risk assessment, compliance management, incident reporting, and data analytics. By leveraging automation, artificial intelligence, and machine learning algorithms, EHS software enables organizations to identify potential hazards, mitigate risks, and ensure regulatory compliance more effectively and efficiently than ever before.
The On-Premise segment is expected to have the highest CAGR during the forecast period
On-Premise segment is estimated to witness the highest CAGR during the forecast period due to its ability to offer tailored solutions meeting specific organizational needs while ensuring data security and compliance. By allowing companies to host EHS software and systems within their own infrastructure, On-Premise solutions provide a level of control and customization that appeals to industries with stringent regulatory requirements or unique operational environments. Moreover, On-Premise offerings offer seamless integration with existing IT infrastructure, minimizing disruptions and maximizing efficiency.
Region with largest share:
North America region dominated the largest share over the extrapolated period. As the effects of climate change become more pronounced and widely acknowledged, governments, businesses, and individuals are placing greater emphasis on sustainability and environmental responsibility. This shift has led to increased regulations aimed at reducing carbon emissions, minimizing environmental pollution, and promoting eco-friendly practices across industries. Consequently, organizations are investing in EHS solutions to ensure compliance with these regulations, mitigate environmental risks, and enhance their sustainability credentials.
Region with highest CAGR:
Europe region is poised to hold profitable growth throughout the overcast period. With increasing concerns over environmental degradation, public health, and safety, governments across Europe have implemented stringent regulations to ensure compliance with environmental and occupational safety standards. These regulations mandate companies to adopt EHS solutions and practices to minimize risks, reduce pollution, and enhance workplace safety. Additionally, European governments are incentivizing businesses to invest in sustainable practices through tax benefits and grants, further fueling the demand for EHS solutions.
Key players in the market
Some of the key players in Environment Health & Safety market include Enablon, ERM Group, Inc, Intelex Technologies, International Finance Corp, Jacobs, John Wood Group PLC, Medgate Inc ProcessMAP, RPS Group, SAP SE, SGS SA, Sphera Solutions, Tetra Tech, Inc and VelocityEHS.
Key Developments:
In April 2023, Atlantic Technological University (ATU) and Ireland’s Health and Safety Authority (HSA) united to launch an online Workplace Safety, Health and Welfare Induction. This induction is intended to help employers to provide induction to new employees. The online induction contains a suite of short awareness-raising courses that can be used in addition to workplace-specific training.
In February 2023, the collaboration between AECOM and its Office of Air and Radiation (OAR) took place. Development and execution of national initiatives related to radon, acid rain, climate change, etc., are the key objectives of this collaboration. This collaboration has been made possible by an analytical, environmental, technical, research, and hybrid contract.
Components Covered:
• Services
• Software
• Other Components
Deployment Modes Covered:
• On-Premise
• Cloud
End Users Covered:
• Energy & Mining
• Telecom & IT
• Chemicals
• Healthcare
• Construction
• Other End Users
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 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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 End User Analysis
3.7 Emerging Markets
3.8 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 Environment Health & Safety Market, By Component
5.1 Introduction
5.2 Services
5.2.1 Project Deployment & Implementation
5.2.2 Audit, Assessment & Regulatory Compliance
5.2.3 Analytics
5.2.4 Business Consulting & Advisory
5.2.5 Other Services
5.3 Software
5.4 Other Components
6 Global Environment Health & Safety Market, By Deployment Mode
6.1 Introduction
6.2 On-Premise
6.3 Cloud
7 Global Environment Health & Safety Market, By End User
7.1 Introduction
7.2 Energy & Mining
7.3 Telecom & IT
7.4 Chemicals
7.5 Healthcare
7.6 Construction
7.7 Other End Users
8 Global Environment Health & Safety Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Enablon
10.2 ERM Group, Inc
10.3 Intelex Technologies
10.4 International Finance Corp
10.5 Jacobs
10.6 John Wood Group PLC
10.7 Medgate Inc ProcessMAP
10.8 RPS Group
10.9 SAP SE
10.10 SGS SA
10.11 Sphera Solutions
10.12 Tetra Tech, Inc
10.13 VelocityEHS
List of Tables
1 Global Environment Health & Safety Market Outlook, By Region (2021-2030) ($MN)
2 Global Environment Health & Safety Market Outlook, By Component (2021-2030) ($MN)
3 Global Environment Health & Safety Market Outlook, By Services (2021-2030) ($MN)
4 Global Environment Health & Safety Market Outlook, By Project Deployment & Implementation (2021-2030) ($MN)
5 Global Environment Health & Safety Market Outlook, By Audit, Assessment & Regulatory Compliance (2021-2030) ($MN)
6 Global Environment Health & Safety Market Outlook, By Analytics (2021-2030) ($MN)
7 Global Environment Health & Safety Market Outlook, By Business Consulting & Advisory (2021-2030) ($MN)
8 Global Environment Health & Safety Market Outlook, By Other Services (2021-2030) ($MN)
9 Global Environment Health & Safety Market Outlook, By Software (2021-2030) ($MN)
10 Global Environment Health & Safety Market Outlook, By Other Components (2021-2030) ($MN)
11 Global Environment Health & Safety Market Outlook, By Deployment Mode (2021-2030) ($MN)
12 Global Environment Health & Safety Market Outlook, By On-Premise (2021-2030) ($MN)
13 Global Environment Health & Safety Market Outlook, By Cloud (2021-2030) ($MN)
14 Global Environment Health & Safety Market Outlook, By End User (2021-2030) ($MN)
15 Global Environment Health & Safety Market Outlook, By Energy & Mining (2021-2030) ($MN)
16 Global Environment Health & Safety Market Outlook, By Telecom & IT (2021-2030) ($MN)
17 Global Environment Health & Safety Market Outlook, By Chemicals (2021-2030) ($MN)
18 Global Environment Health & Safety Market Outlook, By Healthcare (2021-2030) ($MN)
19 Global Environment Health & Safety Market Outlook, By Construction (2021-2030) ($MN)
20 Global Environment Health & Safety Market Outlook, By Other End Users (2021-2030) ($MN)
21 North America Environment Health & Safety Market Outlook, By Country (2021-2030) ($MN)
22 North America Environment Health & Safety Market Outlook, By Component (2021-2030) ($MN)
23 North America Environment Health & Safety Market Outlook, By Services (2021-2030) ($MN)
24 North America Environment Health & Safety Market Outlook, By Project Deployment & Implementation (2021-2030) ($MN)
25 North America Environment Health & Safety Market Outlook, By Audit, Assessment & Regulatory Compliance (2021-2030) ($MN)
26 North America Environment Health & Safety Market Outlook, By Analytics (2021-2030) ($MN)
27 North America Environment Health & Safety Market Outlook, By Business Consulting & Advisory (2021-2030) ($MN)
28 North America Environment Health & Safety Market Outlook, By Other Services (2021-2030) ($MN)
29 North America Environment Health & Safety Market Outlook, By Software (2021-2030) ($MN)
30 North America Environment Health & Safety Market Outlook, By Other Components (2021-2030) ($MN)
31 North America Environment Health & Safety Market Outlook, By Deployment Mode (2021-2030) ($MN)
32 North America Environment Health & Safety Market Outlook, By On-Premise (2021-2030) ($MN)
33 North America Environment Health & Safety Market Outlook, By Cloud (2021-2030) ($MN)
34 North America Environment Health & Safety Market Outlook, By End User (2021-2030) ($MN)
35 North America Environment Health & Safety Market Outlook, By Energy & Mining (2021-2030) ($MN)
36 North America Environment Health & Safety Market Outlook, By Telecom & IT (2021-2030) ($MN)
37 North America Environment Health & Safety Market Outlook, By Chemicals (2021-2030) ($MN)
38 North America Environment Health & Safety Market Outlook, By Healthcare (2021-2030) ($MN)
39 North America Environment Health & Safety Market Outlook, By Construction (2021-2030) ($MN)
40 North America Environment Health & Safety Market Outlook, By Other End Users (2021-2030) ($MN)
41 Europe Environment Health & Safety Market Outlook, By Country (2021-2030) ($MN)
42 Europe Environment Health & Safety Market Outlook, By Component (2021-2030) ($MN)
43 Europe Environment Health & Safety Market Outlook, By Services (2021-2030) ($MN)
44 Europe Environment Health & Safety Market Outlook, By Project Deployment & Implementation (2021-2030) ($MN)
45 Europe Environment Health & Safety Market Outlook, By Audit, Assessment & Regulatory Compliance (2021-2030) ($MN)
46 Europe Environment Health & Safety Market Outlook, By Analytics (2021-2030) ($MN)
47 Europe Environment Health & Safety Market Outlook, By Business Consulting & Advisory (2021-2030) ($MN)
48 Europe Environment Health & Safety Market Outlook, By Other Services (2021-2030) ($MN)
49 Europe Environment Health & Safety Market Outlook, By Software (2021-2030) ($MN)
50 Europe Environment Health & Safety Market Outlook, By Other Components (2021-2030) ($MN)
51 Europe Environment Health & Safety Market Outlook, By Deployment Mode (2021-2030) ($MN)
52 Europe Environment Health & Safety Market Outlook, By On-Premise (2021-2030) ($MN)
53 Europe Environment Health & Safety Market Outlook, By Cloud (2021-2030) ($MN)
54 Europe Environment Health & Safety Market Outlook, By End User (2021-2030) ($MN)
55 Europe Environment Health & Safety Market Outlook, By Energy & Mining (2021-2030) ($MN)
56 Europe Environment Health & Safety Market Outlook, By Telecom & IT (2021-2030) ($MN)
57 Europe Environment Health & Safety Market Outlook, By Chemicals (2021-2030) ($MN)
58 Europe Environment Health & Safety Market Outlook, By Healthcare (2021-2030) ($MN)
59 Europe Environment Health & Safety Market Outlook, By Construction (2021-2030) ($MN)
60 Europe Environment Health & Safety Market Outlook, By Other End Users (2021-2030) ($MN)
61 Asia Pacific Environment Health & Safety Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Environment Health & Safety Market Outlook, By Component (2021-2030) ($MN)
63 Asia Pacific Environment Health & Safety Market Outlook, By Services (2021-2030) ($MN)
64 Asia Pacific Environment Health & Safety Market Outlook, By Project Deployment & Implementation (2021-2030) ($MN)
65 Asia Pacific Environment Health & Safety Market Outlook, By Audit, Assessment & Regulatory Compliance (2021-2030) ($MN)
66 Asia Pacific Environment Health & Safety Market Outlook, By Analytics (2021-2030) ($MN)
67 Asia Pacific Environment Health & Safety Market Outlook, By Business Consulting & Advisory (2021-2030) ($MN)
68 Asia Pacific Environment Health & Safety Market Outlook, By Other Services (2021-2030) ($MN)
69 Asia Pacific Environment Health & Safety Market Outlook, By Software (2021-2030) ($MN)
70 Asia Pacific Environment Health & Safety Market Outlook, By Other Components (2021-2030) ($MN)
71 Asia Pacific Environment Health & Safety Market Outlook, By Deployment Mode (2021-2030) ($MN)
72 Asia Pacific Environment Health & Safety Market Outlook, By On-Premise (2021-2030) ($MN)
73 Asia Pacific Environment Health & Safety Market Outlook, By Cloud (2021-2030) ($MN)
74 Asia Pacific Environment Health & Safety Market Outlook, By End User (2021-2030) ($MN)
75 Asia Pacific Environment Health & Safety Market Outlook, By Energy & Mining (2021-2030) ($MN)
76 Asia Pacific Environment Health & Safety Market Outlook, By Telecom & IT (2021-2030) ($MN)
77 Asia Pacific Environment Health & Safety Market Outlook, By Chemicals (2021-2030) ($MN)
78 Asia Pacific Environment Health & Safety Market Outlook, By Healthcare (2021-2030) ($MN)
79 Asia Pacific Environment Health & Safety Market Outlook, By Construction (2021-2030) ($MN)
80 Asia Pacific Environment Health & Safety Market Outlook, By Other End Users (2021-2030) ($MN)
81 South America Environment Health & Safety Market Outlook, By Country (2021-2030) ($MN)
82 South America Environment Health & Safety Market Outlook, By Component (2021-2030) ($MN)
83 South America Environment Health & Safety Market Outlook, By Services (2021-2030) ($MN)
84 South America Environment Health & Safety Market Outlook, By Project Deployment & Implementation (2021-2030) ($MN)
85 South America Environment Health & Safety Market Outlook, By Audit, Assessment & Regulatory Compliance (2021-2030) ($MN)
86 South America Environment Health & Safety Market Outlook, By Analytics (2021-2030) ($MN)
87 South America Environment Health & Safety Market Outlook, By Business Consulting & Advisory (2021-2030) ($MN)
88 South America Environment Health & Safety Market Outlook, By Other Services (2021-2030) ($MN)
89 South America Environment Health & Safety Market Outlook, By Software (2021-2030) ($MN)
90 South America Environment Health & Safety Market Outlook, By Other Components (2021-2030) ($MN)
91 South America Environment Health & Safety Market Outlook, By Deployment Mode (2021-2030) ($MN)
92 South America Environment Health & Safety Market Outlook, By On-Premise (2021-2030) ($MN)
93 South America Environment Health & Safety Market Outlook, By Cloud (2021-2030) ($MN)
94 South America Environment Health & Safety Market Outlook, By End User (2021-2030) ($MN)
95 South America Environment Health & Safety Market Outlook, By Energy & Mining (2021-2030) ($MN)
96 South America Environment Health & Safety Market Outlook, By Telecom & IT (2021-2030) ($MN)
97 South America Environment Health & Safety Market Outlook, By Chemicals (2021-2030) ($MN)
98 South America Environment Health & Safety Market Outlook, By Healthcare (2021-2030) ($MN)
99 South America Environment Health & Safety Market Outlook, By Construction (2021-2030) ($MN)
100 South America Environment Health & Safety Market Outlook, By Other End Users (2021-2030) ($MN)
101 Middle East & Africa Environment Health & Safety Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Environment Health & Safety Market Outlook, By Component (2021-2030) ($MN)
103 Middle East & Africa Environment Health & Safety Market Outlook, By Services (2021-2030) ($MN)
104 Middle East & Africa Environment Health & Safety Market Outlook, By Project Deployment & Implementation (2021-2030) ($MN)
105 Middle East & Africa Environment Health & Safety Market Outlook, By Audit, Assessment & Regulatory Compliance (2021-2030) ($MN)
106 Middle East & Africa Environment Health & Safety Market Outlook, By Analytics (2021-2030) ($MN)
107 Middle East & Africa Environment Health & Safety Market Outlook, By Business Consulting & Advisory (2021-2030) ($MN)
108 Middle East & Africa Environment Health & Safety Market Outlook, By Other Services (2021-2030) ($MN)
109 Middle East & Africa Environment Health & Safety Market Outlook, By Software (2021-2030) ($MN)
110 Middle East & Africa Environment Health & Safety Market Outlook, By Other Components (2021-2030) ($MN)
111 Middle East & Africa Environment Health & Safety Market Outlook, By Deployment Mode (2021-2030) ($MN)
112 Middle East & Africa Environment Health & Safety Market Outlook, By On-Premise (2021-2030) ($MN)
113 Middle East & Africa Environment Health & Safety Market Outlook, By Cloud (2021-2030) ($MN)
114 Middle East & Africa Environment Health & Safety Market Outlook, By End User (2021-2030) ($MN)
115 Middle East & Africa Environment Health & Safety Market Outlook, By Energy & Mining (2021-2030) ($MN)
116 Middle East & Africa Environment Health & Safety Market Outlook, By Telecom & IT (2021-2030) ($MN)
117 Middle East & Africa Environment Health & Safety Market Outlook, By Chemicals (2021-2030) ($MN)
118 Middle East & Africa Environment Health & Safety Market Outlook, By Healthcare (2021-2030) ($MN)
119 Middle East & Africa Environment Health & Safety Market Outlook, By Construction (2021-2030) ($MN)
120 Middle East & Africa Environment Health & Safety Market Outlook, By Other End Users (2021-2030) ($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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