Research Methodology on Configuration Management Market
1. Research Design:
The research methodology adopted for this study is an exploratory qualitative approach. It is implemented to gain explicit knowledge of the behaviour, practices and trends of the Configuration Management Market. It further allowed us to understand the habits, preferences, behaviour and practices of target customers. To have a complete understanding of the behaviour and practices of the market and its customers, we took the help of exploratory focuses such as interviews, surveys, questionnaires, focus group discussions and observations among others.
2. Data Collection and Data Analysis:
The primary data for the research was gathered through interviews with industry experts, stakeholders and key opinion leaders of the Configuration Management Market. The secondary data was collected from various sources such as databases, industry journals, magazines, newspapers, websites and company reports. The data was analyzed based on Porter’s five forces methodology. In addition, a SWOT analysis is conducted to analyze the internal environment of the Configuration Management Market.
3. Sampling Plan and Sample Size:
The sampling plan for the research is based on the non-probabilistic sampling method and convenience sampling. The sample size is determined based on the ratio of the target population. It was decided that the sample size should comprise 20% of the entire population size. After dividing the population into 20%, the total number of samples collected was 250.
4. Sampling Procedure:
The sampling procedure for this research is based on sentiment analysis. We collected the data from the target population by conducting a sentiment analysis of the opinions and feedback obtained from customers and industry personnel. We then evaluated the opinions and feedback collected and filtered out the ones that were relevant for the data-driven analysis.
5. Research Instruments:
The data-driven analysis of the Configuration Management Market was conducted by applying different research instruments including surveys, questionnaires, interviews and focus groups. The survey instrument was used to collect and analyze the primary data, while the questionnaire instrument was used to assess the behaviour and preferences of the stakeholders and customers. The interviews were conducted to obtain the insights and opinions of the industry personnel. Lastly, the focus groups were used to assess the behaviour and practices of the target population.
6. Data Analysis Method:
The data collected was processed and analysed using SPSS statistical software. Descriptive statistics and econometric methods were applied for the qualitative analysis. Furthermore, inferential statistical tests such as t-tests, and ANOVA were applied for quantitative analysis. The market’s financial performance was assessed by performing a value chain analysis. In addition, Porter’s five forces model was used to understand the competitive structure of the market.
Conclusion
The research methodology adopted for this study offers a comprehensive and comprehensive understanding of the behaviour, practices and trends of the Configuration Management Market. Along with the tools and techniques adopted for the data-driven analysis, the study offered a comprehensive report of the overall market status and its future growth prospects. Furthermore, the analysis provided an accurate assessment of the financial performance of the market and its competitive structure.