Research Methodology on Wealth Management Platform Market
To obtain a thorough understanding of the Wealth Management Platform Market and its associated implications, Market Research Future (MRFR) adopted both in-depth primary and secondary research methods. This report provides information pertaining to the market from 2023 to 2030.
In-depth Primary Research
In the primary research process, the experts at MRFR interviewed a variety of experienced investors and market professionals operating across various regions and segments. The opinions gathered during the interviews offer investors and market participants an accurate understanding of trends and opportunities across several sectors.
Secondary Research
MRFR extensively segmented the secondary research process by referring to annual reports of industry associations, investor presentations, whitepapers, journals, financial statements, company releases, analyst perceptions, SEC filings, interviews, and industry databases such as Bloomberg, Factiva, and MarketWatch. The MRFR team actively used its established calculative models to arrive at a meaningful understanding of the market in terms of size and growth pattern.
Data Collection
MRFR's research methodology follows a structured process of gathering data from multiple sources and collating them to present an unbiased market analysis. The experts first use popular external sources such as industry journals, news websites, and press releases for their analysis. From there, they identify the key companies that have been dominating the market from both the perspective of capacity and revenue growth.
The data correctors then gather and centralize the data from these external sources and use internal sources such as published data about pending M&A activities, acquisitions, financial news, and internal productivity of the companies. The gathered and corrected data is thoroughly checked to confirm completeness and accuracy.
Market Analysis and Estimation
Once the data is collected, MRFR's experienced data analysts are asked to review and analyze the data and create various models to arrive at figures and insights that market participants can rely on. Once the relevant data points are evaluated, the market size and future projections are estimated. MRFR also employs advanced processes such as continuous market tracking and trend mapping to track ongoing market trends and obtain accurate figures.
Data Triangulation
The data triangulation process is employed to ensure consistency in the collected data. MRFR uses a combination of top-down, bottom-up, and lateral techniques for data triangulation. This helps reduce the possibility of any discrepancies and helps in the estimation of data points that are not available from any other source.
Verification and Validation
MRFR's team of data analytics experts further verifies the data using rigorous functions with the help of multi-dimensional secondary research tools. The verification process helps identify and filter any flaws and inaccuracies and ensures that only the most valid and accurate data makes it to the report.
The information is validated with the help of detailed discussions and calls with industry experts and key opinion leaders. Also, their views and inputs are collected and factored into the confirmation process. Finally, the research methodology employed is used to account for anomalies and observe changes in the market size and value.
