She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
The research starts with extensive data/information and statistics procurement from company annual reports, government websites, statistics agencies, and paid databases. This information creates a base for the study. The information also helps define the scope and narrow down the market study area. This raw information is processed and analyzed to extract crisp data points that are currently affecting or likely affecting the industry during the forecast period. After analyzing the information, a proprietary statistical tool is used for market estimation and forecast, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario and the forecast period.
After estimating the market sizes and estimates, the numbers are verified with industry participants and key opinion leaders. The vast network of industry participants adds value to the research and verify the numbers and estimates provided in the study. At the last stage of the research process, a final report is prepared, which is then published on different websites and distributed through various channels. The below figure contains the different stages of the research process to produce the report.
Data Mining
Data mining is an extensive part of our research process. It involves procuring market data and related information from different verified and credible sources. This step helps obtain raw information about the types of the industry and their end-user, the monetary process for different end uses, the pool of market participants, and the nature of the industry and scope of the study. The data mining stage comprises both primary and secondary sources of information.
Secondary Research
In the secondary research process, various sources are used to identify and gather industry trends and information for the research process. We at MRFR have access to some of the most diversified and extensive paid databases, which give us the most accurate data/information on market sizes, types, and pricing. Mentioned below is a detailed list of sources that have been used for this study. Please note that this list is not limited to the names as mentioned; we also access other data sources depending on the need. The impact of COVID-19 is also taken into consideration for market size/investments analysis.
Primary Research
In the primary research process, in-depth primary interviews are conducted with the CXOs to understand the potential customers, market share, customer base, pricing strategies, channel partners, and other necessary information. Besides, in-depth primary interviews are conducted with the CXOs of vendors, channel partners, and others to validate the supply-side information. In addition, various key industry participants from both the supply and demand sides are interviewed to obtain qualitative and quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies, are conducted to obtain critical qualitative and quantitative information pertaining to the market, as well as to assess the prospects for market growth during the forecast period. Detailed information on these primary respondents is mentioned below.
Primary Interviews And Information Gathering Process
Breakdown Of Primary Respondents
Forecasting Techniques
We at MRFR follow an extensive process for arriving at market estimations, which involves the use of multiple forecasting techniques, as mentioned below.
Forecasting Techniques
Description
Qualitative and Quantitative Analysis
A combination of qualitative approach, i.e., primary interviews with industry experts to understand the interviewees’ opinions and judgments, more commonly known as the Delphi method, and quantitative analysis to forecast future data based on historical and current data.
Weighted Average Approach
Via this approach, future data is calculated based on the mean of the past data under the assumption that some factors affecting the market in the past will continue to have a similar impact in the future.
Drift Method
This approach is used to vary the forecast, i.e., increase or decrease market factor over time depending on various parameters affecting the change in the market trends.
Time Series Methods
Integration of several time series methods such as moving average, moving weighted average, linear prediction, and trend estimations are applied while determining the year-on-year growth rate and the compound annual growth rate of the market being studied.
Causal/Econometric Forecasting Methods
Various economic factors such as inflation rate, fiscal policies, changes in government regulations, taxes, labor costs, and interest rates are taken into consideration while determining the current market size and predicting the future market growth rate.
Judgmental Methods
This involves collecting intuitive judgment, opinions, and probability estimates from industry experts in the case of new or upcoming markets/technologies for which no prior data is available.
Regression Analysis
This type of statistical modeling is carried out for predicting and forecasting dependent and independent variables that will directly or indirectly impact the market.
Probabilistic Forecasting
This forecasting method is carried out to assign a probability to every possible outcome ranging from the least optimistic to highly optimistic, which helps gauge the market under stable conditions.
PESTLE Analysis
Political, economic, social, technological, legal, and environmental factors are considered while deriving the fluctuations in the market's growth rate.
Porter’s Five Forces Analysis
By understanding the supplier-side and demand-side factors, the current market scenario can be estimated, and future market scenario predicted, which aid in deriving the growth rate of the market.
Research Methodology For Market Size Estimation
Understanding the market in terms of valuation is a crucial task. This becomes significantly important while investing in and choosing the correct business opportunities. In this regard, we at MRFR undertake two market sizing approaches simultaneously, namely, the top-down and bottom-up approaches. This step assesses different data points, numeric attributes, information, and industry trends to arrive at the estimates and forecast values for the coming years. We use different mathematical models to estimate the market sizes of different economies and segments, each further summed up to define the total market.
We at MRFR employ a proprietary statistical tool for market estimations, which helps us arrive at market size estimates and forecasts for different markets and industries.
Figure. 1 bottom-up and top-down approaches
MRFR Analysis Overview
Bottom-Up Approach
In the bottom-up approach, more than 45 key players developing the Metaverse technology are studied. The expected Metaverse launch, market revenue, and segmental splits are derived with the help of secondary and primary research. The extracted size for the market is then validated with industry experts and partner consultants. Using the data triangulation method, the overall global market size is estimated.
Top-Down Approach
The overall market size is then used in the top-down procedure to estimate the size of the other sub-markets with the help of percentage splits of the market segments from secondary and primary research. The demand-side analysis is conducted, in which the expenditure of major end consumers and industry verticals in each region is studied.
The countries considered in the scope of the Metaverse market are the US, Canada, Mexico, the UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Vietnam, Malaysia, Indonesia, the Philippines, South Korea, Singapore, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others. However, the number of countries varies according to the commercial availability of Metaverse solutions.
The figure below depicts the process of market estimation using independent tools employed by our analysts to arrive at the sizing of the market.
MRFR Analysis Overview
As a part of the market engineering, both top-down and bottom-up approaches are utilized along with data triangulation models to derive and verify the market sizes and forecast over the coming years.
Data Triangulation
After arriving at the overall market sizes, the total market is divided into several segments and sub-segments. Again, the market breakdown and data triangulation procedures are implemented, wherever applicable, to complete the overall market engineering process and gather the exact statistics for all segments and sub-segments. The data is triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size is validated using the top-down and bottom-up approaches.
Validation
Validation is the most important stage of the report-making process. Validation via an intricately designed feedback process helps us finalize the sizing estimates and forecast for the final collation. Extensive primary research is performed to verify the information. This includes telephonic and personal interviews, e-mails, feedback forms, questionnaires, and polling options/answers with a group of relevant industry participants. Validation helps duly check the authenticity of the key industry trends, market dynamics, company market share, different business models, and conclusions.
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