Legal Analytics Market
Legal Analytics - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Legal Analytics Market is accounted for $456.1 million in 2017 and is expected to reach $5100.3 million by 2026 growing at a CAGR of 30.8% during the forecast period. Increasing demand for automation in legal analytics for data-driven decision making and technological advancements are some of the factors fueling the market growth. However, lack of awareness among litigators is hampering the market growth.
Legal analytics refers to the managing process of extracting knowledge from existing legal data to help in-house legal teams and decision-makers on certain legal matters. It involves data mining from data contained in documents related to case and docket entries. This is done by forecasting, legal strategy, comparative legal costs, process development, billing optimization, financial operations and resource management.
Based on component, Services segment has witnessed the steady growth during the forecast period owing to there is a need to improve quality and remain operational cost low. Moreover, it also results in revenue generation. By geography, North America holds the largest market share during the forecast period due to high-quality legal services provided by vendors in the region to their clients.
Some of the key players profiled in the Legal Analytics Market include IBM, Wipro, Unitedlex, Wolters Kluwer, Mindcrest, Agropoint Llc.,Cpa Global and Lexisnexis.
Deployment Models Covered:
• On-Demand
• On-Premises
Analytics Types Covered:
• Prescriptive Analytics
• Predictive Analytics
• Descriptive Analytics
• Other Analytics Types
Case Types Covered:
• Commercial Case Management
• Intellectual Property Management
• Antitrust Management
• Employment Litigation
• Securities Litigation
• Other Case Types
Components Covered:
• Services
• Solution
End Users Covered:
• Law Firms
• Corporates
• 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
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- 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 clients interest (Note: Depends of 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 Futuristic Market Scenario
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 Legal Analytics Market, By Deployment Model
5.1 Introduction
5.2 On-Demand
5.3 On-Premises
6 Global Legal Analytics Market, By Analytics Type
6.1 Introduction
6.2 Prescriptive Analytics
6.3 Predictive Analytics
6.4 Descriptive Analytics
6.5 Other Analytics Types
7 Global Legal Analytics Market, By Case Type
7.1 Introduction
7.2 Commercial Case Management
7.3 Intellectual Property Management
7.3.1 Patent Litigation
7.3.2 Trademark Litigation
7.3.3 Copyright Litigation
7.4 Antitrust Management
7.5 Employment Litigation
7.6 Securities Litigation
7.7 Other Case Types
8 Global Legal Analytics Market, By Component
8.1 Introduction
8.2 Services
8.3 Solution
9 Global Legal Analytics Market, By End User
9.1 Introduction
9.2 Law Firms
9.3 Corporates
9.4 Other End Users
9.4.1 Government Departments
9.4.2 Agencies
9.4.3 Educational Institutions
9.4.4 Healthcare & Pharmaceuticals
10 Global Legal Analytics 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 IBM
12.2 Wipro
12.3 Unitedlex
12.4 Wolters Kluwer
12.5 Mindcrest
12.6 Agropoint Llc.
12.7 Cpa Global
12.8 Lexisnexis
List of Tables
1 Global Legal Analytics Market Outlook, By Region (2016-2026) (US $MN)
2 Global Legal Analytics Market Outlook, By Deployment Model (2016-2026) (US $MN)
3 Global Legal Analytics Market Outlook, By On-Demand (2016-2026) (US $MN)
4 Global Legal Analytics Market Outlook, By On-Premises (2016-2026) (US $MN)
5 Global Legal Analytics Market Outlook, By Analytics Type (2016-2026) (US $MN)
6 Global Legal Analytics Market Outlook, By Prescriptive Analytics (2016-2026) (US $MN)
7 Global Legal Analytics Market Outlook, By Predictive Analytics (2016-2026) (US $MN)
8 Global Legal Analytics Market Outlook, By Descriptive Analytics (2016-2026) (US $MN)
9 Global Legal Analytics Market Outlook, By Other Analytics Types (2016-2026) (US $MN)
10 Global Legal Analytics Market Outlook, By Case Type (2016-2026) (US $MN)
11 Global Legal Analytics Market Outlook, By Commercial Case Management (2016-2026) (US $MN)
12 Global Legal Analytics Market Outlook, By Intellectual Property Management (2016-2026) (US $MN)
13 Global Legal Analytics Market Outlook, By Patent Litigation (2016-2026) (US $MN)
14 Global Legal Analytics Market Outlook, By Trademark Litigation (2016-2026) (US $MN)
15 Global Legal Analytics Market Outlook, By Copyright Litigation (2016-2026) (US $MN)
16 Global Legal Analytics Market Outlook, By Antitrust Management (2016-2026) (US $MN)
17 Global Legal Analytics Market Outlook, By Employment Litigation (2016-2026) (US $MN)
18 Global Legal Analytics Market Outlook, By Securities Litigation (2016-2026) (US $MN)
19 Global Legal Analytics Market Outlook, By Other Case Types (2016-2026) (US $MN)
20 Global Legal Analytics Market Outlook, By Component (2016-2026) (US $MN)
21 Global Legal Analytics Market Outlook, By Services (2016-2026) (US $MN)
22 Global Legal Analytics Market Outlook, By Solution (2016-2026) (US $MN)
23 Global Legal Analytics Market Outlook, By End User (2016-2026) (US $MN)
24 Global Legal Analytics Market Outlook, By Law Firms (2016-2026) (US $MN)
25 Global Legal Analytics Market Outlook, By Corporates (2016-2026) (US $MN)
26 Global Legal Analytics Market Outlook, By Other End Users (2016-2026) (US $MN)
27 Global Legal Analytics Market Outlook, By Government Departments (2016-2026) (US $MN)
28 Global Legal Analytics Market Outlook, By Agencies (2016-2026) (US $MN)
29 Global Legal Analytics Market Outlook, By Educational Institutions (2016-2026) (US $MN)
30 Global Legal Analytics Market Outlook, By Healthcare & Pharmaceuticals (2016-2026) (US $MN)
31 North America Legal Analytics Market Outlook, By Country (2016-2026) (US $MN)
32 North America Legal Analytics Market Outlook, By Deployment Model (2016-2026) (US $MN)
33 North America Legal Analytics Market Outlook, By On-Demand (2016-2026) (US $MN)
34 North America Legal Analytics Market Outlook, By On-Premises (2016-2026) (US $MN)
35 North America Legal Analytics Market Outlook, By Analytics Type (2016-2026) (US $MN)
36 North America Legal Analytics Market Outlook, By Prescriptive Analytics (2016-2026) (US $MN)
37 North America Legal Analytics Market Outlook, By Predictive Analytics (2016-2026) (US $MN)
38 North America Legal Analytics Market Outlook, By Descriptive Analytics (2016-2026) (US $MN)
39 North America Legal Analytics Market Outlook, By Other Analytics Types (2016-2026) (US $MN)
40 North America Legal Analytics Market Outlook, By Case Type (2016-2026) (US $MN)
41 North America Legal Analytics Market Outlook, By Commercial Case Management (2016-2026) (US $MN)
42 North America Legal Analytics Market Outlook, By Intellectual Property Management (2016-2026) (US $MN)
43 North America Legal Analytics Market Outlook, By Patent Litigation (2016-2026) (US $MN)
44 North America Legal Analytics Market Outlook, By Trademark Litigation (2016-2026) (US $MN)
45 North America Legal Analytics Market Outlook, By Copyright Litigation (2016-2026) (US $MN)
46 North America Legal Analytics Market Outlook, By Antitrust Management (2016-2026) (US $MN)
47 North America Legal Analytics Market Outlook, By Employment Litigation (2016-2026) (US $MN)
48 North America Legal Analytics Market Outlook, By Securities Litigation (2016-2026) (US $MN)
49 North America Legal Analytics Market Outlook, By Other Case Types (2016-2026) (US $MN)
50 North America Legal Analytics Market Outlook, By Component (2016-2026) (US $MN)
51 North America Legal Analytics Market Outlook, By Services (2016-2026) (US $MN)
52 North America Legal Analytics Market Outlook, By Solution (2016-2026) (US $MN)
53 North America Legal Analytics Market Outlook, By End User (2016-2026) (US $MN)
54 North America Legal Analytics Market Outlook, By Law Firms (2016-2026) (US $MN)
55 North America Legal Analytics Market Outlook, By Corporates (2016-2026) (US $MN)
56 North America Legal Analytics Market Outlook, By Other End Users (2016-2026) (US $MN)
57 North America Legal Analytics Market Outlook, By Government Departments (2016-2026) (US $MN)
58 North America Legal Analytics Market Outlook, By Agencies (2016-2026) (US $MN)
59 North America Legal Analytics Market Outlook, By Educational Institutions (2016-2026) (US $MN)
60 North America Legal Analytics Market Outlook, By Healthcare & Pharmaceuticals (2016-2026) (US $MN)
61 Europe Legal Analytics Market Outlook, By Country (2016-2026) (US $MN)
62 Europe Legal Analytics Market Outlook, By Deployment Model (2016-2026) (US $MN)
63 Europe Legal Analytics Market Outlook, By On-Demand (2016-2026) (US $MN)
64 Europe Legal Analytics Market Outlook, By On-Premises (2016-2026) (US $MN)
65 Europe Legal Analytics Market Outlook, By Analytics Type (2016-2026) (US $MN)
66 Europe Legal Analytics Market Outlook, By Prescriptive Analytics (2016-2026) (US $MN)
67 Europe Legal Analytics Market Outlook, By Predictive Analytics (2016-2026) (US $MN)
68 Europe Legal Analytics Market Outlook, By Descriptive Analytics (2016-2026) (US $MN)
69 Europe Legal Analytics Market Outlook, By Other Analytics Types (2016-2026) (US $MN)
70 Europe Legal Analytics Market Outlook, By Case Type (2016-2026) (US $MN)
71 Europe Legal Analytics Market Outlook, By Commercial Case Management (2016-2026) (US $MN)
72 Europe Legal Analytics Market Outlook, By Intellectual Property Management (2016-2026) (US $MN)
73 Europe Legal Analytics Market Outlook, By Patent Litigation (2016-2026) (US $MN)
74 Europe Legal Analytics Market Outlook, By Trademark Litigation (2016-2026) (US $MN)
75 Europe Legal Analytics Market Outlook, By Copyright Litigation (2016-2026) (US $MN)
76 Europe Legal Analytics Market Outlook, By Antitrust Management (2016-2026) (US $MN)
77 Europe Legal Analytics Market Outlook, By Employment Litigation (2016-2026) (US $MN)
78 Europe Legal Analytics Market Outlook, By Securities Litigation (2016-2026) (US $MN)
79 Europe Legal Analytics Market Outlook, By Other Case Types (2016-2026) (US $MN)
80 Europe Legal Analytics Market Outlook, By Component (2016-2026) (US $MN)
81 Europe Legal Analytics Market Outlook, By Services (2016-2026) (US $MN)
82 Europe Legal Analytics Market Outlook, By Solution (2016-2026) (US $MN)
83 Europe Legal Analytics Market Outlook, By End User (2016-2026) (US $MN)
84 Europe Legal Analytics Market Outlook, By Law Firms (2016-2026) (US $MN)
85 Europe Legal Analytics Market Outlook, By Corporates (2016-2026) (US $MN)
86 Europe Legal Analytics Market Outlook, By Other End Users (2016-2026) (US $MN)
87 Europe Legal Analytics Market Outlook, By Government Departments (2016-2026) (US $MN)
88 Europe Legal Analytics Market Outlook, By Agencies (2016-2026) (US $MN)
89 Europe Legal Analytics Market Outlook, By Educational Institutions (2016-2026) (US $MN)
90 Europe Legal Analytics Market Outlook, By Healthcare & Pharmaceuticals (2016-2026) (US $MN)
91 Asia Pacific Legal Analytics Market Outlook, By Country (2016-2026) (US $MN)
92 Asia Pacific Legal Analytics Market Outlook, By Deployment Model (2016-2026) (US $MN)
93 Asia Pacific Legal Analytics Market Outlook, By On-Demand (2016-2026) (US $MN)
94 Asia Pacific Legal Analytics Market Outlook, By On-Premises (2016-2026) (US $MN)
95 Asia Pacific Legal Analytics Market Outlook, By Analytics Type (2016-2026) (US $MN)
96 Asia Pacific Legal Analytics Market Outlook, By Prescriptive Analytics (2016-2026) (US $MN)
97 Asia Pacific Legal Analytics Market Outlook, By Predictive Analytics (2016-2026) (US $MN)
98 Asia Pacific Legal Analytics Market Outlook, By Descriptive Analytics (2016-2026) (US $MN)
99 Asia Pacific Legal Analytics Market Outlook, By Other Analytics Types (2016-2026) (US $MN)
100 Asia Pacific Legal Analytics Market Outlook, By Case Type (2016-2026) (US $MN)
101 Asia Pacific Legal Analytics Market Outlook, By Commercial Case Management (2016-2026) (US $MN)
102 Asia Pacific Legal Analytics Market Outlook, By Intellectual Property Management (2016-2026) (US $MN)
103 Asia Pacific Legal Analytics Market Outlook, By Patent Litigation (2016-2026) (US $MN)
104 Asia Pacific Legal Analytics Market Outlook, By Trademark Litigation (2016-2026) (US $MN)
105 Asia Pacific Legal Analytics Market Outlook, By Copyright Litigation (2016-2026) (US $MN)
106 Asia Pacific Legal Analytics Market Outlook, By Antitrust Management (2016-2026) (US $MN)
107 Asia Pacific Legal Analytics Market Outlook, By Employment Litigation (2016-2026) (US $MN)
108 Asia Pacific Legal Analytics Market Outlook, By Securities Litigation (2016-2026) (US $MN)
109 Asia Pacific Legal Analytics Market Outlook, By Other Case Types (2016-2026) (US $MN)
110 Asia Pacific Legal Analytics Market Outlook, By Component (2016-2026) (US $MN)
111 Asia Pacific Legal Analytics Market Outlook, By Services (2016-2026) (US $MN)
112 Asia Pacific Legal Analytics Market Outlook, By Solution (2016-2026) (US $MN)
113 Asia Pacific Legal Analytics Market Outlook, By End User (2016-2026) (US $MN)
114 Asia Pacific Legal Analytics Market Outlook, By Law Firms (2016-2026) (US $MN)
115 Asia Pacific Legal Analytics Market Outlook, By Corporates (2016-2026) (US $MN)
116 Asia Pacific Legal Analytics Market Outlook, By Other End Users (2016-2026) (US $MN)
117 Asia Pacific Legal Analytics Market Outlook, By Government Departments (2016-2026) (US $MN)
118 Asia Pacific Legal Analytics Market Outlook, By Agencies (2016-2026) (US $MN)
119 Asia Pacific Legal Analytics Market Outlook, By Educational Institutions (2016-2026) (US $MN)
120 Asia Pacific Legal Analytics Market Outlook, By Healthcare & Pharmaceuticals (2016-2026) (US $MN)
121 South America Legal Analytics Market Outlook, By Country (2016-2026) (US $MN)
122 South America Legal Analytics Market Outlook, By Deployment Model (2016-2026) (US $MN)
123 South America Legal Analytics Market Outlook, By On-Demand (2016-2026) (US $MN)
124 South America Legal Analytics Market Outlook, By On-Premises (2016-2026) (US $MN)
125 South America Legal Analytics Market Outlook, By Analytics Type (2016-2026) (US $MN)
126 South America Legal Analytics Market Outlook, By Prescriptive Analytics (2016-2026) (US $MN)
127 South America Legal Analytics Market Outlook, By Predictive Analytics (2016-2026) (US $MN)
128 South America Legal Analytics Market Outlook, By Descriptive Analytics (2016-2026) (US $MN)
129 South America Legal Analytics Market Outlook, By Other Analytics Types (2016-2026) (US $MN)
130 South America Legal Analytics Market Outlook, By Case Type (2016-2026) (US $MN)
131 South America Legal Analytics Market Outlook, By Commercial Case Management (2016-2026) (US $MN)
132 South America Legal Analytics Market Outlook, By Intellectual Property Management (2016-2026) (US $MN)
133 South America Legal Analytics Market Outlook, By Patent Litigation (2016-2026) (US $MN)
134 South America Legal Analytics Market Outlook, By Trademark Litigation (2016-2026) (US $MN)
135 South America Legal Analytics Market Outlook, By Copyright Litigation (2016-2026) (US $MN)
136 South America Legal Analytics Market Outlook, By Antitrust Management (2016-2026) (US $MN)
137 South America Legal Analytics Market Outlook, By Employment Litigation (2016-2026) (US $MN)
138 South America Legal Analytics Market Outlook, By Securities Litigation (2016-2026) (US $MN)
139 South America Legal Analytics Market Outlook, By Other Case Types (2016-2026) (US $MN)
140 South America Legal Analytics Market Outlook, By Component (2016-2026) (US $MN)
141 South America Legal Analytics Market Outlook, By Services (2016-2026) (US $MN)
142 South America Legal Analytics Market Outlook, By Solution (2016-2026) (US $MN)
143 South America Legal Analytics Market Outlook, By End User (2016-2026) (US $MN)
144 South America Legal Analytics Market Outlook, By Law Firms (2016-2026) (US $MN)
145 South America Legal Analytics Market Outlook, By Corporates (2016-2026) (US $MN)
146 South America Legal Analytics Market Outlook, By Other End Users (2016-2026) (US $MN)
147 South America Legal Analytics Market Outlook, By Government Departments (2016-2026) (US $MN)
148 South America Legal Analytics Market Outlook, By Agencies (2016-2026) (US $MN)
149 South America Legal Analytics Market Outlook, By Educational Institutions (2016-2026) (US $MN)
150 South America Legal Analytics Market Outlook, By Healthcare & Pharmaceuticals (2016-2026) (US $MN)
151 Middle East & Africa Legal Analytics Market Outlook, By Country (2016-2026) (US $MN)
152 Middle East & Africa Legal Analytics Market Outlook, By Deployment Model (2016-2026) (US $MN)
153 Middle East & Africa Legal Analytics Market Outlook, By On-Demand (2016-2026) (US $MN)
154 Middle East & Africa Legal Analytics Market Outlook, By On-Premises (2016-2026) (US $MN)
155 Middle East & Africa Legal Analytics Market Outlook, By Analytics Type (2016-2026) (US $MN)
156 Middle East & Africa Legal Analytics Market Outlook, By Prescriptive Analytics (2016-2026) (US $MN)
157 Middle East & Africa Legal Analytics Market Outlook, By Predictive Analytics (2016-2026) (US $MN)
158 Middle East & Africa Legal Analytics Market Outlook, By Descriptive Analytics (2016-2026) (US $MN)
159 Middle East & Africa Legal Analytics Market Outlook, By Other Analytics Types (2016-2026) (US $MN)
160 Middle East & Africa Legal Analytics Market Outlook, By Case Type (2016-2026) (US $MN)
161 Middle East & Africa Legal Analytics Market Outlook, By Commercial Case Management (2016-2026) (US $MN)
162 Middle East & Africa Legal Analytics Market Outlook, By Intellectual Property Management (2016-2026) (US $MN)
163 Middle East & Africa Legal Analytics Market Outlook, By Patent Litigation (2016-2026) (US $MN)
164 Middle East & Africa Legal Analytics Market Outlook, By Trademark Litigation (2016-2026) (US $MN)
165 Middle East & Africa Legal Analytics Market Outlook, By Copyright Litigation (2016-2026) (US $MN)
166 Middle East & Africa Legal Analytics Market Outlook, By Antitrust Management (2016-2026) (US $MN)
167 Middle East & Africa Legal Analytics Market Outlook, By Employment Litigation (2016-2026) (US $MN)
168 Middle East & Africa Legal Analytics Market Outlook, By Securities Litigation (2016-2026) (US $MN)
169 Middle East & Africa Legal Analytics Market Outlook, By Other Case Types (2016-2026) (US $MN)
170 Middle East & Africa Legal Analytics Market Outlook, By Component (2016-2026) (US $MN)
171 Middle East & Africa Legal Analytics Market Outlook, By Services (2016-2026) (US $MN)
172 Middle East & Africa Legal Analytics Market Outlook, By Solution (2016-2026) (US $MN)
173 Middle East & Africa Legal Analytics Market Outlook, By End User (2016-2026) (US $MN)
174 Middle East & Africa Legal Analytics Market Outlook, By Law Firms (2016-2026) (US $MN)
175 Middle East & Africa Legal Analytics Market Outlook, By Corporates (2016-2026) (US $MN)
176 Middle East & Africa Legal Analytics Market Outlook, By Other End Users (2016-2026) (US $MN)
177 Middle East & Africa Legal Analytics Market Outlook, By Government Departments (2016-2026) (US $MN)
178 Middle East & Africa Legal Analytics Market Outlook, By Agencies (2016-2026) (US $MN)
179 Middle East & Africa Legal Analytics Market Outlook, By Educational Institutions (2016-2026) (US $MN)
180 Middle East & Africa Legal Analytics Market Outlook, By Healthcare & Pharmaceuticals (2016-2026) (US $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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