Game-Based Learning Market

Game-Based Learning Market Size & Overview – Key Insights & Forecast

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12833
  • Published Date: Jul, 2022
  • Pages: 234
  • Category: Information Technology & Semiconductors
  • Format: PDF
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Market Introduction

The global game-based learning market is expected to reach USD 73.31 billion by 2030, at a CAGR of 20.15% from 2022 to 2030. The increase in the number of smartphone and internet users drives the expansion of the game-based learning market.

Game-based learning uses games to teach students a particular set of skills or assist them in achieving specific learning outcomes. Also, the motivational psychology included in game-based education permits students to engage with academic materials dynamically & playfully. Game-based learning is not just making games for students to play but designing education activities that can incrementally introduce concepts & guide users against an end objective. In addition, game-based learning permits librarians to integrate active learning into their instruction sessions, encourage students’ engagement and interest, and deliver immediate feedback on performance.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Game Type
          4.3.2. Market Attractiveness Analysis By Deployment Mode
          4.3.3. Market Attractiveness Analysis By Component
          4.3.4. Market Attractiveness Analysis By End-User
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The rising disposable income
          5.2.2. The growing smartphone users' adoption of e-learning
          5.2.3. The easy availability of games on the internet
          5.2.4. The rising adoption of digital learning solutions
    5.3. Restraints
          5.3.1. The slow internet connection & poor network
          5.3.2. The limited awareness in underdeveloped nations
          5.3.3. The lack of IT infrastructure in colleges & schools
          5.3.4. The lack of financial support
    5.4. Opportunities
          5.4.1. The raised demand for AI, AR, and VR for learning

6. Global Game-Based Learning Market Analysis and Forecast, By Game Type
    6.1. Segment Overview
    6.2. AI-Based Games
    6.3. AR VR Games
    6.4. Location-Based Games
    6.5. Training, Knowledge and Skill-Based Games
    6.6. Assessment and Evaluation Games
    6.7. Language Learning Games
    6.8. Others

7. Global Game-Based Learning Market Analysis and Forecast, By Deployment Mode
    7.1. Segment Overview
    7.2. On-Premise
    7.3. Cloud

8. Global Game-Based Learning Market Analysis and Forecast, By Component
    8.1. Segment Overview
    8.2. Services
    8.3. Solution

9. Global Game-Based Learning Market Analysis and Forecast, By End-User
    9.1. Segment Overview
    9.2. Healthcare
    9.3. Education
    9.4. Manufacturing
    9.5. Retail & e-commerce
    9.6. Consumer
    9.7. IT & Telecom,
    9.8. Government & Defense
    9.9. Others

10. Global Game-Based Learning Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Game-Based Learning Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in Global Game-Based Learning Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Frontier Developments
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Bublar Group
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Minecraft
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Spin Master
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Kahoot
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Minecraft
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Tangible Play
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. BreakAway games
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Recurrence
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Gamelearn
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. Stratbeans
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. Raptivity
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
    12.13. Simulearn
          12.13.1. Business Overview
          12.13.2. Company Snapshot
          12.13.3. Company Market Share Analysis
          12.13.4. Company Product Portfolio
          12.13.5. Recent Developments
          12.13.6. SWOT Analysis
    12.14. Schell Games
          12.14.1. Business Overview
          12.14.2. Company Snapshot
          12.14.3. Company Market Share Analysis
          12.14.4. Company Product Portfolio
          12.14.5. Recent Developments
          12.14.6. SWOT Analysis
    12.15. Layup
          12.15.1. Business Overview
          12.15.2. Company Snapshot
          12.15.3. Company Market Share Analysis
          12.15.4. Company Product Portfolio
          12.15.5. Recent Developments
          12.15.6. SWOT Analysis
    12.16. Monkimun
          12.16.1. Business Overview
          12.16.2. Company Snapshot
          12.16.3. Company Market Share Analysis
          12.16.4. Company Product Portfolio
          12.16.5. Recent Developments
          12.16.6. SWOT Analysis
    12.17. Banzai Labs
          12.17.1. Business Overview
          12.17.2. Company Snapshot
          12.17.3. Company Market Share Analysis
          12.17.4. Company Product Portfolio
          12.17.5. Recent Developments
          12.17.6. SWOT Analysis
    12.18. Playgen
          12.18.1. Business Overview
          12.18.2. Company Snapshot
          12.18.3. Company Market Share Analysis
          12.18.4. Company Product Portfolio
          12.18.5. Recent Developments
          12.18.6. SWOT Analysis
    12.19. Fundamentor
          12.19.1. Business Overview
          12.19.2. Company Snapshot
          12.19.3. Company Market Share Analysis
          12.19.4. Company Product Portfolio
          12.19.5. Recent Developments
          12.19.6. SWOT Analysis
    12.20. Cognitive Toybox
          12.20.1. Business Overview
          12.20.2. Company Snapshot
          12.20.3. Company Market Share Analysis
          12.20.4. Company Product Portfolio
          12.20.5. Recent Developments
          12.20.6. SWOT Analysis
    12.21. Idnusgeeks
          12.21.1. Business Overview
          12.21.2. Company Snapshot
          12.21.3. Company Market Share Analysis
          12.21.4. Company Product Portfolio
          12.21.5. Recent Developments
          12.21.6. SWOT Analysis
    12.22. Quodeck
          12.22.1. Business Overview
          12.22.2. Company Snapshot
          12.22.3. Company Market Share Analysis
          12.22.4. Company Product Portfolio
          12.22.5. Recent Developments
          12.22.6. SWOT Analysis
    12.23. G-Cube
          12.23.1. Business Overview
          12.23.2. Company Snapshot
          12.23.3. Company Market Share Analysis
          12.23.4. Company Product Portfolio
          12.23.5. Recent Developments
          12.23.6. SWOT Analysis
    12.24. Smart Lumies
          12.24.1. Business Overview
          12.24.2. Company Snapshot
          12.24.3. Company Market Share Analysis
          12.24.4. Company Product Portfolio
          12.24.5. Recent Developments
          12.24.6. SWOT Analysis
    12.25. Kuato Studios
          12.25.1. Business Overview
          12.25.2. Company Snapshot
          12.25.3. Company Market Share Analysis
          12.25.4. Company Product Portfolio
          12.25.5. Recent Developments
          12.25.6. SWOT Analysis
    12.26. Infinite Dreams
          12.26.1. Business Overview
          12.26.2. Company Snapshot
          12.26.3. Company Market Share Analysis
          12.26.4. Company Product Portfolio
          12.26.5. Recent Developments
          12.26.6. SWOT Analysis
    12.27. Hornbill FX
          12.27.1. Business Overview
          12.27.2. Company Snapshot
          12.27.3. Company Market Share Analysis
          12.27.4. Company Product Portfolio
          12.27.5. Recent Developments
          12.27.6. SWOT Analysis
    12.28. Gametize
          12.28.1. Business Overview
          12.28.2. Company Snapshot
          12.28.3. Company Market Share Analysis
          12.28.4. Company Product Portfolio
          12.28.5. Recent Developments
          12.28.6. SWOT Analysis
    12.29. Threatgen
          12.29.1. Business Overview
          12.29.2. Company Snapshot
          12.29.3. Company Market Share Analysis
          12.29.4. Company Product Portfolio
          12.29.5. Recent Developments
          12.29.6. SWOT Analysis
    12.30. Kidoz
          12.30.1. Business Overview
          12.30.2. Company Snapshot
          12.30.3. Company Market Share Analysis
          12.30.4. Company Product Portfolio
          12.30.5. Recent Developments
          12.30.6. SWOT Analysis
    12.31. Sweetrush
          12.31.1. Business Overview
          12.31.2. Company Snapshot
          12.31.3. Company Market Share Analysis
          12.31.4. Company Product Portfolio
          12.31.5. Recent Developments
          12.31.6. SWOT Analysis
    12.32. VR Education Holdings
          12.32.1. Business Overview
          12.32.2. Company Snapshot
          12.32.3. Company Market Share Analysis
          12.32.4. Company Product Portfolio
          12.32.5. Recent Developments
          12.32.6. SWOT Analysis
    12.33. MLevel
          12.33.1. Business Overview
          12.33.2. Company Snapshot
          12.33.3. Company Market Share Analysis
          12.33.4. Company Product Portfolio
          12.33.5. Recent Developments
          12.33.6. SWOT Analysis
 

List of Table

1. Global Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

2. Global AI-Based Games, Game-Based Learning Market, By Region, 2019-2030 (USD Billion) 

3. Global AR VR Games , Game-Based Learning Market, By Region, 2019-2030 (USD Billion) 

4. Global Location-Based Games, Game-Based Learning Market, By Region, 2019-2030 (USD Billion) 

5. Global Training, Knowledge and Skill-Based Games, Game-Based Learning Market, By Region, 2019-2030 (USD Billion) 

6. Global Assessment and Evaluation Games, Game-Based Learning Market, By Region, 2019-2030 (USD Billion) 

7. Global Language Learning Games, Game-Based Learning Market, By Region, 2019-2030 (USD Billion) 

8. Global Others, Game-Based Learning Market, By Region, 2019-2030 (USD Billion) 

9. Global Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

10. Global On-Premise, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

11. Global Cloud, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

12. Global Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

13. Global Services, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

14. Global Solution, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

15. Global Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

16. Global Healthcare, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

17. Global Education, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

18. Global  Manufacturing,  Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

19. Global  Retail & e-commerce, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

20. Global Consumer, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

21. Global  IT & Telecom, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

22. Global Government & Defense, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

23. Global Others, Game-Based Learning Market, By Region, 2019-2030 (USD Billion)

24. North America Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

25. North America Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

26. North America Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

27. North America Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

28. U.S. Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

29. U.S. Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

30. U.S. Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

31. U.S. Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

32. Canada Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

33. Canada Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

34. Canada Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

35. Canada Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

36. Mexico Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

37. Mexico Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

38. Mexico Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

39. Mexico Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

40. Europe Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

41. Europe Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

42. Europe Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

43. Europe Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

44. Germany Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

45. Germany Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

46. Germany Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

47. Germany Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

48. France Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

49. France Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

50. France Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

51. France Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

52. U.K. Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

53. U.K. Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

54. U.K. Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

55. U.K. Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

56. Italy Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

57. Italy Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

58. Italy Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

59. Italy Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

60. Spain Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

61. Spain Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

62. Spain Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

63. Spain Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

64. Asia Pacific Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

65. Asia Pacific Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

66. Asia Pacific Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

67. Asia Pacific Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

68. Japan Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

69. Japan Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

70. Japan Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

71. Japan Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

72. China Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

73. China Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

74. China Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

75. China Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

76. India Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

77. India Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

78. India Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

79. India Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

80. South America Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

81. South America Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

82. South America Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

83. South America Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

84. Brazil Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

85. Brazil Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

86. Brazil Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

87. Brazil Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

88. Middle East and Africa Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

89. Middle East and Africa Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

90. Middle East and Africa Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

91. Middle East and Africa Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

92. UAE Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

93. UAE Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

94. UAE Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

95. UAE Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

96. South Africa Game-Based Learning Market, By Game Type, 2019-2030 (USD Billion)

97. South Africa Game-Based Learning Market, By Deployment Mode, 2019-2030 (USD Billion)

98. South Africa Game-Based Learning Market, By Component, 2019-2030 (USD Billion)

99. South Africa Game-Based Learning Market, By End-User, 2019-2030 (USD Billion)

List of Figures 

1. Global Game-Based Learning Market Segmentation

2. Global Game-Based Learning Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Game-Based Learning Market Attractiveness Analysis By Game Type  

9. Global Game-Based Learning Market Attractiveness Analysis By Deployment Mode 

10. Global Game-Based Learning Market Attractiveness Analysis By Component

11. Global Game-Based Learning Market Attractiveness Analysis By End-User

12. Global Game-Based Learning Market Attractiveness Analysis By Region

13. Global Game-Based Learning Market: Dynamics

14. Global Game-Based Learning Market Share By Game Type (2022 & 2030)

15. Global Game-Based Learning Market Share By Deployment Mode (2022 & 2030)

16. Global Game-Based Learning Market Share By Component (2022 & 2030)

17. Global Game-Based Learning Market Share By End-User (2022 & 2030)

18. Global Game-Based Learning Market Share By Regions (2022 & 2030)

19. Global Game-Based Learning Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global game-based learning based on below mentioned segments:

Global Game-Based Learning Market by Game Type:

  •  AI-Based Games
  • AR VR Games
  • Location-Based Games
  • Training
  • Knowledge and Skill-Based Games
  • Assessment and Evaluation Games
  • Language Learning Games
  • Others

Global Game-Based Learning Market by Deployment Mode:

  • On-Premise
  • Cloud

Global Game-Based Learning Market by Component:

  • Services
  • Solution

Global Game-Based Learning Market by End-User:

  • Healthcare
  • Education
  • Manufacturing
  • Retail & eCommerce
  • Consumer
  • IT & Telecom
  • Government & Defense
  • Others

Global Game-Based Learning by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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