Product Life cycle Management MarketProduct Life cycle Management Market Unlocking Growth Opportunities: Analysis and Forecast 2024-2032
Product Life cycle Management Market by Deployment (Cloud, On-Premises), by Enterprise Type (Small, Mid-Sized Enterprises (SMEs), by Industry (Automotive, Aerospace, Defense, Manufacturing, Healthcare, Retail, Others), by By Deployment (Cloud, On-Premises) Forecast 2024-2032
Base Year: 2023
150 Pages
Product Life cycle Management Market Unlocking Growth Opportunities: Analysis and Forecast 2024-2032
Key Insights
The Product Life Cycle Management Market size was valued at USD 16.76 USD Billion in 2023 and is projected to reach USD 54.99 USD Billion by 2032, exhibiting a CAGR of 18.5 % during the forecast period. Product Lifecycle Management (PLM) is a type of a process which encompasses product management from its beginning to conclusions such as new product airing, development, growth, and final retirement. It comprises integrating the people, work processes and information structures from product creation through to the delivery process to boost efficiency and achieve product success. PLM typically consists of four stages: growing up, coming of age, growing up, and growing old. Every stage necessitates different means to ensure a favourable capture and high return on investment. The PLM software platform makes it easier for different groups to work together, to save history, and to keep documents organized during the whole lifecycle of the product. It is found effective across many industries, including manufacturing, automotive, aviation and consumer goods. PLM is a tool that allows for fast and efficient workflow, quicker time-to-market, lower error rates, and an improved quality of products. There are many benefits, such as better innovation, reduced costs, improved compliance with regulations, and increased customer satisfaction. Through a comprehensive overview of product data PLM provides a basis for enterprises to make the right decisions at all stages of their activities, and therefore, ultimately leading to products of higher quality.
Product Life cycle Management Trends
- Shift towards cloud-based PLM solutions
- Increasing adoption of IoT and AI technologies
- Growing emphasis on product traceability and compliance
- Emergence of digital twins for product design and optimization
Driving Forces: What's Propelling the Product Life cycle Management Market
- Accelerating product innovation and shorter development cycles
- Increased demand for data-driven product optimization
- Growing adoption of Agile methodologies and cross-functional collaboration
- Emergence of advanced technologies like digital twins and generative AI
- Government initiatives and incentives for PLM adoption
- Expansion of PLM solutions to include service lifecycle management
Challenges and Restraints in Product Life cycle Management Market
- High implementation and maintenance costs
- Lack of skilled professionals
- Data security and privacy concerns
- Integration challenges with legacy systems
- Complexity of managing large-scale PLM projects
Emerging Trends in Product Life cycle Management
- Virtual and augmented reality for product visualization and prototyping
- Predictive analytics and machine learning for product optimization
- Blockchain technology for secure data sharing and traceability
- Digital thread for connecting all stages of the product lifecycle
- Lifecycle costing and sustainability assessment tools
Growth Catalysts in Product Life cycle Management Industry
- Government initiatives and incentives for PLM adoption
- Collaborations and partnerships among vendors and manufacturers
- Growing awareness of the benefits of PLM
- Technological advancements and innovations
- Increasing investment in digital transformation
Market Segmentation: Product Life cycle Management Analysis
Deployment:
- Cloud
- On-Premises
Industry:
- Discrete Industry
- Process Industry
Leading Players in the Product Life cycle Management Market
- Hewlett-Packard Company
- BigLever Software
- PTC Inc.
- IBM Corporation
- Siemens AG
- Accenture PLC
- Dassault Systems
- Autodesk, Inc.
- Oracle Corporation
- IFS
- SAP SE
Significant developments in Product Life cycle Management Sector
- Acquisition of PTC by Ansys
- Launch of Dassault System's "3DEXPERIENCE Works" platform
- Partnership between SAP and Siemens to develop a joint PLM solution
Comprehensive Coverage Product Life cycle Management Market Report
- Regional Outlook: In-depth analysis of key regions, including emerging markets with high growth potential
- Competitive Landscape: Profiles of major PLM vendors, their market share, and competitive strategies
- Product Benchmarking: Comparison of features, functionality, and pricing across different PLM solutions
- Case Studies: Success stories and best practices from organizations that have implemented PLM
- Future Trends: Projections and insights into emerging technologies and market dynamics
- Expert Interviews: Exclusive interviews with industry leaders and analysts
Product Life cycle Management Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 18.5% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 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. Burgeoning Demand for Big Data Analytics among Organizations to Aid Market Growth
- 3.3. Market Restrains
- 3.3.1. Lack of Awareness about Cyber Security and Vulnerability to Hinder Growth
- 3.4. Market Trends
- 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. Global Product Life cycle Management Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 5.1.1. Cloud
- 5.1.2. On-Premises
- 5.2. Market Analysis, Insights and Forecast - by Enterprise Type
- 5.2.1. Small
- 5.2.2. Mid-Sized Enterprises (SMEs
- 5.3. Market Analysis, Insights and Forecast - by Industry
- 5.3.1. Automotive
- 5.3.2. Aerospace
- 5.3.3. Defense
- 5.3.4. Manufacturing
- 5.3.5. Healthcare
- 5.3.6. Retail
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. By Deployment
- 5.1. Market Analysis, Insights and Forecast - by Deployment
- 6. North America Product Life cycle Management Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Deployment
- 6.1.1. Cloud and On-Premises
- 6.2. Market Analysis, Insights and Forecast - By Industry
- 6.2.1. Discrete Industry and Process Industry
- 6.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.3.1 United States
- 6.3.2 Canada
- 6.3.3 Mexico
- 7. South America Product Life cycle Management Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Deployment
- 7.1.1. Cloud and On-Premises
- 7.2. Market Analysis, Insights and Forecast - By Industry
- 7.2.1. Discrete Industry and Process Industry
- 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.3.1 Brazil
- 7.3.2 Argentina
- 7.3.3 Rest of South America
- 8. Europe Product Life cycle Management Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Deployment
- 8.1.1. Cloud and On-Premises
- 8.2. Market Analysis, Insights and Forecast - By Industry
- 8.2.1. Discrete Industry and Process Industry
- 8.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.3.1 Germany
- 8.3.2 France
- 8.3.3 Italy
- 8.3.4 United Kingdom
- 8.3.5 Netherlands
- 8.3.6 Rest of Europe
- 9. Asia Pacific Product Life cycle Management Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Deployment
- 9.1.1. Cloud and On-Premises
- 9.2. Market Analysis, Insights and Forecast - By Industry
- 9.2.1. Discrete Industry and Process Industry
- 9.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 South Korea
- 9.3.5 Taiwan
- 9.3.6 Australia
- 9.3.7 Rest of Asia-Pacific
- 10. MEA Product Life cycle Management Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Deployment
- 10.1.1. Cloud and On-Premises
- 10.2. Market Analysis, Insights and Forecast - By Industry
- 10.2.1. Discrete Industry and Process Industry
- 10.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.3.1 Middle East
- 10.3.2 Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Hewlett-Packard Company
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 BigLever Software
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 PTC Inc.
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 IBM Corporation
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Siemens AG
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Accenture PLC
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Dassault Systems
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Autodesk Inc.
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Oracle Corporation
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 IFS
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 SAP SE
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.1 Hewlett-Packard Company
List of Figures
- Figure 1: Global Product Life cycle Management Market Revenue Breakdown (USD Billion , %) by Region 2023 & 2031
- Figure 2: Global Product Life cycle Management Market Revenue (USD Billion ), by Deployment 2023 & 2031
- Figure 3: Global Product Life cycle Management Market Revenue Share (%), by Deployment 2023 & 2031
- Figure 4: Global Product Life cycle Management Market Forecast (USD Billion ), by Cloud 2020 & 2031
- Figure 5: Global Product Life cycle Management Market Forecast (USD Billion ), by On-Premises 2020 & 2031
- Figure 6: Global Product Life cycle Management Market Revenue (USD Billion ), by Enterprise Type 2023 & 2031
- Figure 7: Global Product Life cycle Management Market Revenue Share (%), by Enterprise Type 2023 & 2031
- Figure 8: Global Product Life cycle Management Market Forecast (USD Billion ), by Small 2020 & 2031
- Figure 9: Global Product Life cycle Management Market Forecast (USD Billion ), by Mid-Sized Enterprises (SMEs 2020 & 2031
- Figure 10: Global Product Life cycle Management Market Revenue (USD Billion ), by Industry 2023 & 2031
- Figure 11: Global Product Life cycle Management Market Revenue Share (%), by Industry 2023 & 2031
- Figure 12: Global Product Life cycle Management Market Forecast (USD Billion ), by Automotive 2020 & 2031
- Figure 13: Global Product Life cycle Management Market Forecast (USD Billion ), by Aerospace 2020 & 2031
- Figure 14: Global Product Life cycle Management Market Forecast (USD Billion ), by Defense 2020 & 2031
- Figure 15: Global Product Life cycle Management Market Forecast (USD Billion ), by Manufacturing 2020 & 2031
- Figure 16: Global Product Life cycle Management Market Forecast (USD Billion ), by Healthcare 2020 & 2031
- Figure 17: Global Product Life cycle Management Market Forecast (USD Billion ), by Retail 2020 & 2031
- Figure 18: Global Product Life cycle Management Market Forecast (USD Billion ), by Others 2020 & 2031
- Figure 19: Global Product Life cycle Management Market Revenue (USD Billion ), by Region 2023 & 2031
- Figure 20: Global Product Life cycle Management Market Revenue Share (%), by Region 2023 & 2031
- Figure 21: North America Product Life cycle Management Market Revenue (USD Billion ), by Deployment 2023 & 2031
- Figure 22: North America Product Life cycle Management Market Revenue Share (%), by Deployment 2023 & 2031
- Figure 23: North America Product Life cycle Management Market Revenue (USD Billion ), by Industry 2023 & 2031
- Figure 24: North America Product Life cycle Management Market Revenue Share (%), by Industry 2023 & 2031
- Figure 25: North America Product Life cycle Management Market Revenue (USD Billion ), by Country 2023 & 2031
- Figure 26: North America Product Life cycle Management Market Revenue Share (%), by Country 2023 & 2031
- Figure 27: South America Product Life cycle Management Market Revenue (USD Billion ), by Deployment 2023 & 2031
- Figure 28: South America Product Life cycle Management Market Revenue Share (%), by Deployment 2023 & 2031
- Figure 29: South America Product Life cycle Management Market Revenue (USD Billion ), by Industry 2023 & 2031
- Figure 30: South America Product Life cycle Management Market Revenue Share (%), by Industry 2023 & 2031
- Figure 31: South America Product Life cycle Management Market Revenue (USD Billion ), by Country 2023 & 2031
- Figure 32: South America Product Life cycle Management Market Revenue Share (%), by Country 2023 & 2031
- Figure 33: Europe Product Life cycle Management Market Revenue (USD Billion ), by Deployment 2023 & 2031
- Figure 34: Europe Product Life cycle Management Market Revenue Share (%), by Deployment 2023 & 2031
- Figure 35: Europe Product Life cycle Management Market Revenue (USD Billion ), by Industry 2023 & 2031
- Figure 36: Europe Product Life cycle Management Market Revenue Share (%), by Industry 2023 & 2031
- Figure 37: Europe Product Life cycle Management Market Revenue (USD Billion ), by Country 2023 & 2031
- Figure 38: Europe Product Life cycle Management Market Revenue Share (%), by Country 2023 & 2031
- Figure 39: Asia Pacific Product Life cycle Management Market Revenue (USD Billion ), by Deployment 2023 & 2031
- Figure 40: Asia Pacific Product Life cycle Management Market Revenue Share (%), by Deployment 2023 & 2031
- Figure 41: Asia Pacific Product Life cycle Management Market Revenue (USD Billion ), by Industry 2023 & 2031
- Figure 42: Asia Pacific Product Life cycle Management Market Revenue Share (%), by Industry 2023 & 2031
- Figure 43: Asia Pacific Product Life cycle Management Market Revenue (USD Billion ), by Country 2023 & 2031
- Figure 44: Asia Pacific Product Life cycle Management Market Revenue Share (%), by Country 2023 & 2031
- Figure 45: MEA Product Life cycle Management Market Revenue (USD Billion ), by Deployment 2023 & 2031
- Figure 46: MEA Product Life cycle Management Market Revenue Share (%), by Deployment 2023 & 2031
- Figure 47: MEA Product Life cycle Management Market Revenue (USD Billion ), by Industry 2023 & 2031
- Figure 48: MEA Product Life cycle Management Market Revenue Share (%), by Industry 2023 & 2031
- Figure 49: MEA Product Life cycle Management Market Revenue (USD Billion ), by Country 2023 & 2031
- Figure 50: MEA Product Life cycle Management Market Revenue Share (%), by Country 2023 & 2031
- Figure 51: By Deployment Product Life cycle Management Market Revenue (USD Billion ), by Deployment 2023 & 2031
- Figure 52: By Deployment Product Life cycle Management Market Revenue Share (%), by Deployment 2023 & 2031
- Figure 53: By Deployment Product Life cycle Management Market Revenue (USD Billion ), by Enterprise Type 2023 & 2031
- Figure 54: By Deployment Product Life cycle Management Market Revenue Share (%), by Enterprise Type 2023 & 2031
- Figure 55: By Deployment Product Life cycle Management Market Revenue (USD Billion ), by Industry 2023 & 2031
- Figure 56: By Deployment Product Life cycle Management Market Revenue Share (%), by Industry 2023 & 2031
- Figure 57: By Deployment Product Life cycle Management Market Revenue (USD Billion ), by Country 2023 & 2031
- Figure 58: By Deployment Product Life cycle Management Market Revenue Share (%), by Country 2023 & 2031
List of Tables
- Table 1: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 2: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 3: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 4: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 5: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Enterprise Type 2018 & 2031
- Table 6: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 7: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 8: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 9: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 10: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 11: United States Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 12: Canada Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 13: Mexico Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 14: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 15: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 16: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 17: Brazil Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 18: Argentina Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 19: Rest of South America Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 20: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 21: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 22: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 23: Germany Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 24: France Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 25: Italy Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 26: United Kingdom Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 27: Netherlands Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 28: Rest of Europe Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 29: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 30: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 31: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 32: China Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 33: Japan Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 34: India Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 35: South Korea Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 36: Taiwan Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 37: Australia Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 38: Rest of Asia-Pacific Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 39: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 40: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 41: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 42: Middle East Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 43: Africa Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 44: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
- Table 45: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Enterprise Type 2018 & 2031
- Table 46: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Industry 2018 & 2031
- Table 47: Global Product Life cycle Management Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 48: Cloud Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
- Table 49: On-Premises Product Life cycle Management Market Revenue (USD Billion ) Forecast, by Application 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 18.5% from 2018-2032 |
| Segmentation |
|
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STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
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Secondary Research
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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
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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