Key Insights
The Asia-Pacific MICE (Meetings, Incentives, Conferences, and Exhibitions) business tourism market is projected to expand significantly, fueled by escalating business activities, rising disposable incomes, and a growing middle class. The market is anticipated to reach a size of $1226.07 billion by 2025, exhibiting a robust Compound Annual Growth Rate (CAGR) of 10.39%. Key growth drivers include enhanced infrastructure in major hubs like Singapore, Hong Kong, and Tokyo, alongside advancements in technologically sophisticated venues and event management services. The increasing emphasis on sustainability and responsible tourism further enhances the region's appeal for international MICE events.
Asia-Pacific MICE Business Tourism Market Market Size (In Million)
For the forecast period spanning 2025-2033, the market is set for accelerated expansion, propelled by sustained economic development, supportive government tourism policies, and the integration of hybrid and virtual event formats. While potential challenges such as geopolitical instability and economic fluctuations exist, the long-term outlook for the Asia-Pacific MICE business tourism market remains exceptionally promising, presenting compelling opportunities for investors and stakeholders.
Asia-Pacific MICE Business Tourism Market Company Market Share
Asia-Pacific MICE Business Tourism Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Asia-Pacific MICE (Meetings, Incentives, Conferences, and Exhibitions) business tourism market, offering invaluable insights for industry professionals, investors, and strategic planners. The report covers the period 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. The market is projected to reach xx Million by 2033, exhibiting a robust CAGR of xx%.
Asia-Pacific MICE Business Tourism Market Structure & Innovation Trends
The Asia-Pacific MICE market is characterized by a moderately concentrated structure, with key players like CWT MEETINGS & EVENTS, Interpublic Group of Companies Inc, CONFERENCE CARE LTD, IBTM EVENTS, and THE FREEMAN COMPANY holding significant market share. However, the market also features numerous smaller players, especially in niche segments. Market share data for 2024 indicates that the top 5 players collectively account for approximately xx% of the market.
Innovation is driven by several factors including:
- Technological advancements: The integration of virtual and hybrid event formats, AI-powered event management tools, and data analytics for improved attendee experience and ROI.
- Sustainability initiatives: Growing demand for eco-friendly practices and sustainable event planning is influencing innovation in venue selection, waste management, and carbon offsetting. Examples include the 2021 SITE Thailand M&I Sustainability Advocate Project.
- Regulatory frameworks: Government regulations regarding event safety, accessibility, and data privacy impact innovation within the sector.
- Product substitution: The rise of virtual and hybrid events presents a partial substitute for traditional in-person events, impacting market dynamics.
M&A activity has been moderate in recent years, with deal values ranging from xx Million to xx Million, primarily focused on consolidating market share and expanding service offerings. The impact of these mergers and acquisitions on market concentration will be a key trend to watch in the coming years. End-user demographics are shifting, with a growing emphasis on younger professionals and diverse attendee groups, prompting adaptations in event formats and content.
Asia-Pacific MICE Business Tourism Market Market Dynamics & Trends
The Asia-Pacific MICE market is experiencing significant growth driven by several key factors:
- Economic growth: Rising disposable incomes and increased business activity across the region are fueling demand for MICE events.
- Government support: Many governments in the Asia-Pacific region actively promote the MICE industry through infrastructure development and supportive policies.
- Technological disruptions: The adoption of virtual and hybrid event technologies is transforming the industry, creating new opportunities for engagement and accessibility.
- Changing consumer preferences: Attendees are increasingly demanding personalized experiences, interactive sessions, and sustainable practices.
- Competitive dynamics: The market is characterized by both intense competition and collaboration amongst players, spurring innovation and diversification of services.
Market penetration of hybrid events is expected to increase from xx% in 2024 to xx% by 2033, driven by advancements in technology and evolving attendee preferences.
Dominant Regions & Segments in Asia-Pacific MICE Business Tourism Market
The report identifies [Country Name, e.g., Singapore] as the leading region within the Asia-Pacific MICE market in 2024. Its dominance is driven by:
- Strong infrastructure: World-class venues, excellent connectivity, and advanced technology infrastructure.
- Supportive government policies: Incentives and initiatives aimed at attracting international MICE events.
- Strategic location: Its central location within Asia facilitates easy access for regional and international participants.
- Growing economy: A thriving economy that supports increased business activity and event spending.
Among the event segments, Meetings hold the largest market share in 2024, followed by Incentives, Conventions, and Exhibitions. However, growth in the coming years is expected to be strongest in the Incentives and Exhibitions segments, driven by factors like corporate team-building initiatives and a resurgence of major trade shows.
Asia-Pacific MICE Business Tourism Market Product Innovations
Recent product innovations include the development of AI-powered event platforms that offer personalized attendee experiences, virtual reality (VR) and augmented reality (AR) applications to enhance engagement, and sophisticated data analytics tools to optimize event ROI. These innovations are improving market efficiency and driving the adoption of hybrid and virtual event formats. The market fit for these technologies is strong, given increasing demand for cost-effective, engaging, and data-driven MICE experiences.
Report Scope & Segmentation Analysis
The report segments the Asia-Pacific MICE market by event type (Meetings, Incentives, Conventions, Exhibitions), region, and key players. Each segment's growth projections, market size (in Millions), and competitive dynamics are detailed. For example, the Meetings segment is projected to grow at a CAGR of xx% from 2025 to 2033, while the Incentives segment is anticipated to exhibit a faster growth rate of xx% due to a predicted increase in corporate team-building events. Competitive dynamics are analyzed within each segment, considering the presence of major players, regional variations, and the emergence of new entrants.
Key Drivers of Asia-Pacific MICE Business Tourism Market Growth
Several key factors are driving growth in the Asia-Pacific MICE market: strong economic growth in several key countries, rising disposable incomes, supportive government policies promoting tourism and business events, and the increasing adoption of innovative technologies such as virtual and hybrid event platforms. Furthermore, the region’s diverse cultural landscape and numerous attractive destinations contribute to the market’s expansion.
Challenges in the Asia-Pacific MICE Business Tourism Market Sector
Challenges include maintaining competitiveness amid global market fluctuations, ensuring effective management of supply chain disruptions impacting venue availability and logistical services, and adapting to changing consumer preferences for sustainable and personalized experiences. Regulatory complexities and visa requirements for international participants also pose challenges to the industry.
Emerging Opportunities in Asia-Pacific MICE Business Tourism Market
Emerging opportunities lie in leveraging technological advancements like AI and VR/AR for enhanced event experiences, focusing on the development of niche markets such as sustainable MICE events and incorporating technology to ensure event safety and security. There’s also substantial potential for expansion within emerging economies within the region.
Leading Players in the Asia-Pacific MICE Business Tourism Market Market
- CWT MEETINGS & EVENTS
- Interpublic Group of Companies Inc
- CONFERENCE CARE LTD
- IBTM EVENTS
- THE FREEMAN COMPANY
- BCD MEETINGS AND EVENTS
- QUESTEX LLC
- CIEVENTS
- ATPI LTD
Key Developments in Asia-Pacific MICE Business Tourism Market Industry
- 2022: IBTM selects Singapore as the home of IBTM Asia Pacific, coupled with the first Singapore MICE Forum (SMF) X IBTM APAC.
- 2021: SITE Thailand Chapter partners with TCEB to launch the SITE Thailand M&I Sustainability Advocate Project, promoting sustainable practices within the sector.
Future Outlook for Asia-Pacific MICE Business Tourism Market Market
The Asia-Pacific MICE market is poised for continued strong growth, driven by economic expansion, technological innovation, and supportive government policies. Strategic opportunities exist for companies that can adapt to evolving consumer preferences, embrace sustainable practices, and leverage technology to enhance event experiences. The market's future success hinges on the ability of businesses to deliver personalized, engaging, and responsible events that cater to the needs of diverse stakeholders.
Asia-Pacific MICE Business Tourism Market Segmentation
-
1. Event
- 1.1. Meeting
- 1.2. Incentive
- 1.3. Conventions
- 1.4. Exhibitions
-
2. Geography
- 2.1. India
- 2.2. China
- 2.3. Singapore
- 2.4. Thailand
- 2.5. Hong Kong
- 2.6. Malaysia
- 2.7. Japan
- 2.8. Rest of AP
Asia-Pacific MICE Business Tourism Market Segmentation By Geography
- 1. India
- 2. China
- 3. Singapore
- 4. Thailand
- 5. Hong Kong
- 6. Malaysia
- 7. Japan
- 8. Rest of AP
Asia-Pacific MICE Business Tourism Market Regional Market Share
Geographic Coverage of Asia-Pacific MICE Business Tourism Market
Asia-Pacific MICE Business Tourism Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 10.39% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Share Of Inbound Tourism; Rise In Number of 3 Star and 5 star Hotels
- 3.3. Market Restrains
- 3.3.1. Major Share Of Tourism Is Concentrated Domestically; Decline in business travel in the region affecting the market
- 3.4. Market Trends
- 3.4.1. Hybrid events
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Event
- 5.1.1. Meeting
- 5.1.2. Incentive
- 5.1.3. Conventions
- 5.1.4. Exhibitions
- 5.2. Market Analysis, Insights and Forecast - by Geography
- 5.2.1. India
- 5.2.2. China
- 5.2.3. Singapore
- 5.2.4. Thailand
- 5.2.5. Hong Kong
- 5.2.6. Malaysia
- 5.2.7. Japan
- 5.2.8. Rest of AP
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. India
- 5.3.2. China
- 5.3.3. Singapore
- 5.3.4. Thailand
- 5.3.5. Hong Kong
- 5.3.6. Malaysia
- 5.3.7. Japan
- 5.3.8. Rest of AP
- 5.1. Market Analysis, Insights and Forecast - by Event
- 6. India Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Event
- 6.1.1. Meeting
- 6.1.2. Incentive
- 6.1.3. Conventions
- 6.1.4. Exhibitions
- 6.2. Market Analysis, Insights and Forecast - by Geography
- 6.2.1. India
- 6.2.2. China
- 6.2.3. Singapore
- 6.2.4. Thailand
- 6.2.5. Hong Kong
- 6.2.6. Malaysia
- 6.2.7. Japan
- 6.2.8. Rest of AP
- 6.1. Market Analysis, Insights and Forecast - by Event
- 7. China Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Event
- 7.1.1. Meeting
- 7.1.2. Incentive
- 7.1.3. Conventions
- 7.1.4. Exhibitions
- 7.2. Market Analysis, Insights and Forecast - by Geography
- 7.2.1. India
- 7.2.2. China
- 7.2.3. Singapore
- 7.2.4. Thailand
- 7.2.5. Hong Kong
- 7.2.6. Malaysia
- 7.2.7. Japan
- 7.2.8. Rest of AP
- 7.1. Market Analysis, Insights and Forecast - by Event
- 8. Singapore Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Event
- 8.1.1. Meeting
- 8.1.2. Incentive
- 8.1.3. Conventions
- 8.1.4. Exhibitions
- 8.2. Market Analysis, Insights and Forecast - by Geography
- 8.2.1. India
- 8.2.2. China
- 8.2.3. Singapore
- 8.2.4. Thailand
- 8.2.5. Hong Kong
- 8.2.6. Malaysia
- 8.2.7. Japan
- 8.2.8. Rest of AP
- 8.1. Market Analysis, Insights and Forecast - by Event
- 9. Thailand Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Event
- 9.1.1. Meeting
- 9.1.2. Incentive
- 9.1.3. Conventions
- 9.1.4. Exhibitions
- 9.2. Market Analysis, Insights and Forecast - by Geography
- 9.2.1. India
- 9.2.2. China
- 9.2.3. Singapore
- 9.2.4. Thailand
- 9.2.5. Hong Kong
- 9.2.6. Malaysia
- 9.2.7. Japan
- 9.2.8. Rest of AP
- 9.1. Market Analysis, Insights and Forecast - by Event
- 10. Hong Kong Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Event
- 10.1.1. Meeting
- 10.1.2. Incentive
- 10.1.3. Conventions
- 10.1.4. Exhibitions
- 10.2. Market Analysis, Insights and Forecast - by Geography
- 10.2.1. India
- 10.2.2. China
- 10.2.3. Singapore
- 10.2.4. Thailand
- 10.2.5. Hong Kong
- 10.2.6. Malaysia
- 10.2.7. Japan
- 10.2.8. Rest of AP
- 10.1. Market Analysis, Insights and Forecast - by Event
- 11. Malaysia Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 11.1. Market Analysis, Insights and Forecast - by Event
- 11.1.1. Meeting
- 11.1.2. Incentive
- 11.1.3. Conventions
- 11.1.4. Exhibitions
- 11.2. Market Analysis, Insights and Forecast - by Geography
- 11.2.1. India
- 11.2.2. China
- 11.2.3. Singapore
- 11.2.4. Thailand
- 11.2.5. Hong Kong
- 11.2.6. Malaysia
- 11.2.7. Japan
- 11.2.8. Rest of AP
- 11.1. Market Analysis, Insights and Forecast - by Event
- 12. Japan Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 12.1. Market Analysis, Insights and Forecast - by Event
- 12.1.1. Meeting
- 12.1.2. Incentive
- 12.1.3. Conventions
- 12.1.4. Exhibitions
- 12.2. Market Analysis, Insights and Forecast - by Geography
- 12.2.1. India
- 12.2.2. China
- 12.2.3. Singapore
- 12.2.4. Thailand
- 12.2.5. Hong Kong
- 12.2.6. Malaysia
- 12.2.7. Japan
- 12.2.8. Rest of AP
- 12.1. Market Analysis, Insights and Forecast - by Event
- 13. Rest of AP Asia-Pacific MICE Business Tourism Market Analysis, Insights and Forecast, 2020-2032
- 13.1. Market Analysis, Insights and Forecast - by Event
- 13.1.1. Meeting
- 13.1.2. Incentive
- 13.1.3. Conventions
- 13.1.4. Exhibitions
- 13.2. Market Analysis, Insights and Forecast - by Geography
- 13.2.1. India
- 13.2.2. China
- 13.2.3. Singapore
- 13.2.4. Thailand
- 13.2.5. Hong Kong
- 13.2.6. Malaysia
- 13.2.7. Japan
- 13.2.8. Rest of AP
- 13.1. Market Analysis, Insights and Forecast - by Event
- 14. Competitive Analysis
- 14.1. Market Share Analysis 2025
- 14.2. Company Profiles
- 14.2.1 CWT MEETINGS & EVENTS
- 14.2.1.1. Overview
- 14.2.1.2. Products
- 14.2.1.3. SWOT Analysis
- 14.2.1.4. Recent Developments
- 14.2.1.5. Financials (Based on Availability)
- 14.2.2 INTERPUBLIC GROUP OF COMPANIES INC
- 14.2.2.1. Overview
- 14.2.2.2. Products
- 14.2.2.3. SWOT Analysis
- 14.2.2.4. Recent Developments
- 14.2.2.5. Financials (Based on Availability)
- 14.2.3 CONFERENCE CARE LTD
- 14.2.3.1. Overview
- 14.2.3.2. Products
- 14.2.3.3. SWOT Analysis
- 14.2.3.4. Recent Developments
- 14.2.3.5. Financials (Based on Availability)
- 14.2.4 IBTM EVENTS
- 14.2.4.1. Overview
- 14.2.4.2. Products
- 14.2.4.3. SWOT Analysis
- 14.2.4.4. Recent Developments
- 14.2.4.5. Financials (Based on Availability)
- 14.2.5 THE FREEMAN COMPANY**List Not Exhaustive
- 14.2.5.1. Overview
- 14.2.5.2. Products
- 14.2.5.3. SWOT Analysis
- 14.2.5.4. Recent Developments
- 14.2.5.5. Financials (Based on Availability)
- 14.2.6 BCD MEETINGS AND EVENTS
- 14.2.6.1. Overview
- 14.2.6.2. Products
- 14.2.6.3. SWOT Analysis
- 14.2.6.4. Recent Developments
- 14.2.6.5. Financials (Based on Availability)
- 14.2.7 QUESTEX LLC
- 14.2.7.1. Overview
- 14.2.7.2. Products
- 14.2.7.3. SWOT Analysis
- 14.2.7.4. Recent Developments
- 14.2.7.5. Financials (Based on Availability)
- 14.2.8 CIEVENTS
- 14.2.8.1. Overview
- 14.2.8.2. Products
- 14.2.8.3. SWOT Analysis
- 14.2.8.4. Recent Developments
- 14.2.8.5. Financials (Based on Availability)
- 14.2.9 ATPI LTD
- 14.2.9.1. Overview
- 14.2.9.2. Products
- 14.2.9.3. SWOT Analysis
- 14.2.9.4. Recent Developments
- 14.2.9.5. Financials (Based on Availability)
- 14.2.1 CWT MEETINGS & EVENTS
List of Figures
- Figure 1: Asia-Pacific MICE Business Tourism Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Asia-Pacific MICE Business Tourism Market Share (%) by Company 2025
List of Tables
- Table 1: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 2: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 3: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Region 2020 & 2033
- Table 4: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 5: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 6: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
- Table 7: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 8: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 9: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
- Table 10: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 11: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 12: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
- Table 13: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 14: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 15: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
- Table 16: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 17: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 18: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
- Table 19: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 20: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 21: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
- Table 22: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 23: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 24: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
- Table 25: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Event 2020 & 2033
- Table 26: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Geography 2020 & 2033
- Table 27: Asia-Pacific MICE Business Tourism Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia-Pacific MICE Business Tourism Market?
The projected CAGR is approximately 10.39%.
2. Which companies are prominent players in the Asia-Pacific MICE Business Tourism Market?
Key companies in the market include CWT MEETINGS & EVENTS, INTERPUBLIC GROUP OF COMPANIES INC, CONFERENCE CARE LTD, IBTM EVENTS, THE FREEMAN COMPANY**List Not Exhaustive, BCD MEETINGS AND EVENTS, QUESTEX LLC, CIEVENTS, ATPI LTD.
3. What are the main segments of the Asia-Pacific MICE Business Tourism Market?
The market segments include Event, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 1226.07 billion as of 2022.
5. What are some drivers contributing to market growth?
Increasing Share Of Inbound Tourism; Rise In Number of 3 Star and 5 star Hotels.
6. What are the notable trends driving market growth?
Hybrid events.
7. Are there any restraints impacting market growth?
Major Share Of Tourism Is Concentrated Domestically; Decline in business travel in the region affecting the market.
8. Can you provide examples of recent developments in the market?
In 2022, IBTM has selected Singapore to be the home of IBTM Asia Pacific.It will be coupled with the first edition of Singapore MICE Forum (SMF) X IBTM APAC, in partnership with Singapore Association of Convention & Exhibition Organisers & Suppliers (SACEOS).
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia-Pacific MICE Business Tourism Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Asia-Pacific MICE Business Tourism Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Asia-Pacific MICE Business Tourism Market?
To stay informed about further developments, trends, and reports in the Asia-Pacific MICE Business Tourism Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
