Research Methodology on Scada Market
1.0 Introduction
This research methodology explains the various steps conducted to understand and analyze the forces such as drivers and restraints that shape the future of the SCADA market. The research methodology is based on secondary data obtained from primary sources such as industry white papers, press releases, databases and journals.
2.0 Research Objectives
- To identify the key drivers and restraints influencing the global SCADA market.
- To analyze the impact of these drivers and restraints on the market size.
- To identify potential global and regional opportunities present in the SCADA market.
- To validate and justify the industry estimates through the triangulation process.
3.0 Research Process
The research process applied in the methodology follows a systemic method of collecting, analyzing and understanding the market data and its associated trends. This research process provides a detailed overview for a better understanding of the global SCADA market.
Stage 1: Data Collection
Data collection is done via both primary and secondary research methods. The primary research includes interviews and structured questionnaires with SCADA industry experts, developers and vendors. The secondary research includes industry publications, press releases, company presentations, workshop discussions and analytics obtained from various resources.
Stage 2: Data Analysis
The primary and secondary research data collected from various sources are merged into a blueprint based on which the market forces and the market size were estimated. Economic forecast models were used to arrive at the forecast for the global SCADA market for the years 2023-2030.
Stage 3: Triangulation Process
This step involves a validation process for the data collected and analyzed. The data obtained through the primary sources and secondary sources is validated through the triangulation process that includes the bottom-up approach, top-down approach and four-corner approach.
4.0 Research Assumptions
The report is based on certain assumptions and conditions and these were taken into account while data analysis and modelling.
Economic theory and market practice were studied thoroughly to arrive at quantitatively valid assumptions and estimates.
The technology and the market trends were studied thoroughly to narrow down the trends and business prospects.
The technological growth rate was assumed to remain constant and the research was based on the latest trends, restraints and drivers of the market.