Key Insights
The Indian construction industry is projected to reach $687.38 billion by 2024, demonstrating a strong Compound Annual Growth Rate (CAGR) of 8.6%. This significant expansion is propelled by substantial government investments in infrastructure, including initiatives like the National Infrastructure Pipeline, coupled with rapid urbanization driving demand for residential and commercial properties. The burgeoning industrial sector also contributes to growth through new facility development and expansion projects. Favorable government policies encouraging private investment and the adoption of advanced construction technologies further bolster the sector's trajectory. The market is segmented across Commercial, Residential, Industrial, Infrastructure (Transportation), and Energy & Utilities construction, all contributing to the overall market valuation. Despite challenges such as land acquisition complexities and volatile material costs, the long-term outlook for the Indian construction industry is highly optimistic, presenting substantial opportunities for stakeholders.
Construction Industry in India Market Size (In Billion)
Regional growth patterns are diverse across North, South, East, and West India, each exhibiting robust development potential. Variations in infrastructure and regulatory environments may influence developmental paces within these regions. Leading industry players, including Lodha Group, Afcons Infrastructure Ltd, Hindustan Construction Co Ltd, NCC Limited, Megha Engineering & Infrastructures Limited, Dilip Buildcon Limited, KEC International Limited, Tata Projects, L&T, and Shapoorji Pallonji Co Pvt Ltd, are instrumental in shaping the industry through their expertise and project execution. The forecast period from 2024 onwards signifies a crucial phase for investment and expansion, with anticipated market consolidation and maturation fostering a more competitive yet dynamic market landscape.
Construction Industry in India Company Market Share
Construction Industry in India: A Comprehensive Market Report (2019-2033)
This insightful report provides a detailed analysis of the Indian construction industry, encompassing market trends, leading players, technological advancements, and future growth prospects. With a study period spanning 2019-2033, a base year of 2025, and a forecast period from 2025-2033, this report is an invaluable resource for stakeholders seeking to understand and capitalize on opportunities within this dynamic sector. The report leverages extensive data analysis and incorporates key developments to offer a comprehensive and actionable outlook on the Indian construction landscape. The total market size is estimated at xx Million for the year 2025.
Construction Industry in India Market Composition & Trends
This section evaluates the competitive landscape, innovation drivers, regulatory environment, substitute products, end-user profiles, and merger & acquisition (M&A) activities within the Indian construction industry. The market exhibits a moderately concentrated structure, with a few large players holding significant market share. However, a substantial number of smaller firms contribute significantly to the overall market volume. Innovation is driven by the increasing adoption of Building Information Modeling (BIM) and prefabrication techniques, aimed at enhancing efficiency and reducing construction timelines. The regulatory landscape, while undergoing reforms, presents certain challenges related to land acquisition and environmental clearances. Substitute products, primarily focusing on alternative construction materials, pose a moderate competitive threat. End-user profiles are diverse, spanning residential, commercial, industrial, and infrastructure segments. M&A activity has been noteworthy, with deal values in the range of xx Million to xx Million observed in recent years.
- Market Share Distribution: Top 5 players hold approximately xx% of the market share.
- M&A Deal Values (2019-2024): Average deal value: xx Million; Total deal value: xx Million.
- Key Innovation Catalysts: BIM adoption, prefabrication, sustainable construction materials.
- Regulatory Landscape: Ongoing reforms aimed at streamlining approvals, but challenges remain.
Construction Industry in India Industry Evolution
The Indian construction industry has witnessed significant growth over the past decade, fueled by robust economic expansion and increasing urbanization. From 2019 to 2024, the industry experienced a Compound Annual Growth Rate (CAGR) of xx%, reaching a market size of xx Million in 2024. This growth trajectory is projected to continue, with a forecast CAGR of xx% from 2025 to 2033. Technological advancements, such as the adoption of 3D printing and drone technology for site surveying, are transforming construction practices, improving efficiency, and reducing costs. Furthermore, shifting consumer demands towards sustainable and smart buildings are driving innovation in design and construction methods. The integration of IoT devices and smart building management systems is gaining traction, enhancing energy efficiency and occupant comfort. Government initiatives promoting affordable housing and infrastructure development have also played a critical role in shaping industry evolution.
Leading Regions, Countries, or Segments in Construction Industry in India
While the entire nation contributes to the overall growth, certain sectors and regions demonstrate pronounced leadership. Within the segmented overview, infrastructure (transportation) construction consistently ranks as a leading segment, driven by significant investments in road, rail, and metro projects across major cities.
Infrastructure (Transportation) Construction:
- Key Drivers: Massive government investments in infrastructure development, including the Bharatmala Project and the expansion of metro networks in various cities. Strong demand for improved connectivity, particularly in rapidly urbanizing areas.
- Dominance Factors: Government initiatives, substantial public and private investments, and the growing need for enhanced transportation infrastructure.
Residential Construction: This segment is also significant, driven by a growing population and increasing demand for affordable and luxury housing.
Commercial Construction: This sector is experiencing growth driven by expansion of commercial real estate, particularly in major metropolitan areas.
Industrial Construction: Growth is stimulated by increasing industrial activity and the government's focus on 'Make in India' initiatives.
Construction Industry in India Product Innovations
The Indian construction industry is witnessing significant product innovation, focusing on improving efficiency, sustainability, and cost-effectiveness. New materials like high-performance concrete and sustainable building materials are gaining popularity, alongside advancements in construction equipment and technologies like prefabricated modular construction. These innovations are improving speed, quality, and the overall efficiency of projects, resulting in significant cost reductions and improved project timelines. Furthermore, the adoption of BIM and other digital tools is streamlining design, construction, and project management processes.
Propelling Factors for Construction Industry in India Growth
Several factors are driving the growth of the Indian construction industry. Robust economic growth continues to stimulate investment in infrastructure and real estate, while government initiatives like the Smart Cities Mission and the focus on affordable housing provide further impetus. Technological advancements, including the adoption of BIM and prefabrication, are increasing efficiency and reducing construction times. Furthermore, favorable demographics and rapid urbanization are creating substantial demand for housing and infrastructure across the country.
Obstacles in the Construction Industry in India Market
Despite the positive outlook, the Indian construction industry faces various challenges. Land acquisition complexities, environmental regulations, and bureaucratic hurdles often lead to project delays and cost overruns. Furthermore, fluctuations in raw material prices and supply chain disruptions pose risks to project profitability. The industry also faces intense competition, particularly from smaller, local players, leading to price pressures. These factors can contribute to unpredictable market dynamics and impact project viability.
Future Opportunities in Construction Industry in India
The Indian construction industry offers numerous growth opportunities. The increasing adoption of green building technologies and sustainable practices presents a significant market for environmentally friendly construction materials and methods. Expansion into rural areas and the development of affordable housing will create large-scale demand, while the growth of e-commerce and related logistics further fuels demand for warehousing and distribution facilities. Finally, advancements in construction technology and digitalization offer immense potential for increased efficiency and productivity in projects of all scales.
Major Players in the Construction Industry in India Ecosystem
- Lodha Group
- Afcons Infrastructure Ltd
- Hindustan Construction Co Ltd
- NCC Limited
- Megha Engineering & Infrastructures Limited
- Dilip Buildcon Limited
- KEC International Limited
- Tata Projects
- L&T
- Shapoorji Pallonji Co Pvt Ltd
Key Developments in Construction Industry in India Industry
March 2023: L&T establishes a skill training hub in Odisha, enhancing the workforce's capabilities. This initiative will positively impact the industry's skilled labor pool and potentially increase productivity and efficiency in construction projects.
November 2022: MEIL secures a contract for Mongolia's first greenfield oil refinery, showcasing the expanding international reach of Indian construction companies. This signifies the growing global recognition of Indian construction expertise and provides a significant boost to the nation's economy.
Strategic Construction Industry in India Market Forecast
The Indian construction industry is poised for continued growth, driven by sustained economic expansion, government initiatives, and technological advancements. While challenges remain, the long-term outlook remains optimistic. The increasing adoption of sustainable practices and digital technologies will shape future trends. Opportunities abound in infrastructure development, affordable housing, and industrial construction, promising significant market potential for both domestic and international players.
Construction Industry in India Segmentation
-
1. Sector
- 1.1. Commercial Construction
- 1.2. Residential Construction
- 1.3. Industrial Construction
- 1.4. Infrastructure (Transportation) Construction
- 1.5. Energy and Utilities Construction
Construction Industry in India Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Construction Industry in India Regional Market Share
Geographic Coverage of Construction Industry in India
Construction Industry in India 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 8.6% 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. Government Initiatives; Demand for office and retail space
- 3.3. Market Restrains
- 3.3.1. Lack of Skilled Labor; Supply chain issues and rising material costs
- 3.4. Market Trends
- 3.4.1. Infrastructure projects drives the market
- 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 Construction Industry in India Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Sector
- 5.1.1. Commercial Construction
- 5.1.2. Residential Construction
- 5.1.3. Industrial Construction
- 5.1.4. Infrastructure (Transportation) Construction
- 5.1.5. Energy and Utilities Construction
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. South America
- 5.2.3. Europe
- 5.2.4. Middle East & Africa
- 5.2.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Sector
- 6. North America Construction Industry in India Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Sector
- 6.1.1. Commercial Construction
- 6.1.2. Residential Construction
- 6.1.3. Industrial Construction
- 6.1.4. Infrastructure (Transportation) Construction
- 6.1.5. Energy and Utilities Construction
- 6.1. Market Analysis, Insights and Forecast - by Sector
- 7. South America Construction Industry in India Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Sector
- 7.1.1. Commercial Construction
- 7.1.2. Residential Construction
- 7.1.3. Industrial Construction
- 7.1.4. Infrastructure (Transportation) Construction
- 7.1.5. Energy and Utilities Construction
- 7.1. Market Analysis, Insights and Forecast - by Sector
- 8. Europe Construction Industry in India Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Sector
- 8.1.1. Commercial Construction
- 8.1.2. Residential Construction
- 8.1.3. Industrial Construction
- 8.1.4. Infrastructure (Transportation) Construction
- 8.1.5. Energy and Utilities Construction
- 8.1. Market Analysis, Insights and Forecast - by Sector
- 9. Middle East & Africa Construction Industry in India Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Sector
- 9.1.1. Commercial Construction
- 9.1.2. Residential Construction
- 9.1.3. Industrial Construction
- 9.1.4. Infrastructure (Transportation) Construction
- 9.1.5. Energy and Utilities Construction
- 9.1. Market Analysis, Insights and Forecast - by Sector
- 10. Asia Pacific Construction Industry in India Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Sector
- 10.1.1. Commercial Construction
- 10.1.2. Residential Construction
- 10.1.3. Industrial Construction
- 10.1.4. Infrastructure (Transportation) Construction
- 10.1.5. Energy and Utilities Construction
- 10.1. Market Analysis, Insights and Forecast - by Sector
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Lodha Group**List Not Exhaustive
- 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 Afcons Infrastructure Ltd
- 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 Hindustan Construction Co Ltd
- 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 NCC Limited
- 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 Megha Engineering & Infrastructures Limited
- 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 Dilip Buildcon Limited
- 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 KEC International Limited
- 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 Tata Projects
- 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 L&T
- 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 Shapoorji Pallonji Co Pvt Ltd
- 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)
- 11.2.1 Lodha Group**List Not Exhaustive
List of Figures
- Figure 1: Global Construction Industry in India Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Construction Industry in India Revenue (billion), by Sector 2025 & 2033
- Figure 3: North America Construction Industry in India Revenue Share (%), by Sector 2025 & 2033
- Figure 4: North America Construction Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 5: North America Construction Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 6: South America Construction Industry in India Revenue (billion), by Sector 2025 & 2033
- Figure 7: South America Construction Industry in India Revenue Share (%), by Sector 2025 & 2033
- Figure 8: South America Construction Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 9: South America Construction Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 10: Europe Construction Industry in India Revenue (billion), by Sector 2025 & 2033
- Figure 11: Europe Construction Industry in India Revenue Share (%), by Sector 2025 & 2033
- Figure 12: Europe Construction Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 13: Europe Construction Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 14: Middle East & Africa Construction Industry in India Revenue (billion), by Sector 2025 & 2033
- Figure 15: Middle East & Africa Construction Industry in India Revenue Share (%), by Sector 2025 & 2033
- Figure 16: Middle East & Africa Construction Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 17: Middle East & Africa Construction Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 18: Asia Pacific Construction Industry in India Revenue (billion), by Sector 2025 & 2033
- Figure 19: Asia Pacific Construction Industry in India Revenue Share (%), by Sector 2025 & 2033
- Figure 20: Asia Pacific Construction Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 21: Asia Pacific Construction Industry in India Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Construction Industry in India Revenue billion Forecast, by Sector 2020 & 2033
- Table 2: Global Construction Industry in India Revenue billion Forecast, by Region 2020 & 2033
- Table 3: Global Construction Industry in India Revenue billion Forecast, by Sector 2020 & 2033
- Table 4: Global Construction Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 5: United States Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 6: Canada Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 7: Mexico Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: Global Construction Industry in India Revenue billion Forecast, by Sector 2020 & 2033
- Table 9: Global Construction Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 10: Brazil Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 11: Argentina Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 12: Rest of South America Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 13: Global Construction Industry in India Revenue billion Forecast, by Sector 2020 & 2033
- Table 14: Global Construction Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 15: United Kingdom Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Germany Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 17: France Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 18: Italy Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 19: Spain Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: Russia Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 21: Benelux Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: Nordics Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Rest of Europe Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: Global Construction Industry in India Revenue billion Forecast, by Sector 2020 & 2033
- Table 25: Global Construction Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 26: Turkey Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 27: Israel Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 28: GCC Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 29: North Africa Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 30: South Africa Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 31: Rest of Middle East & Africa Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 32: Global Construction Industry in India Revenue billion Forecast, by Sector 2020 & 2033
- Table 33: Global Construction Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 34: China Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 35: India Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 36: Japan Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 37: South Korea Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 38: ASEAN Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 39: Oceania Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 40: Rest of Asia Pacific Construction Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Construction Industry in India?
The projected CAGR is approximately 8.6%.
2. Which companies are prominent players in the Construction Industry in India?
Key companies in the market include Lodha Group**List Not Exhaustive, Afcons Infrastructure Ltd, Hindustan Construction Co Ltd, NCC Limited, Megha Engineering & Infrastructures Limited, Dilip Buildcon Limited, KEC International Limited, Tata Projects, L&T, Shapoorji Pallonji Co Pvt Ltd.
3. What are the main segments of the Construction Industry in India?
The market segments include Sector.
4. Can you provide details about the market size?
The market size is estimated to be USD 687.38 billion as of 2022.
5. What are some drivers contributing to market growth?
Government Initiatives; Demand for office and retail space.
6. What are the notable trends driving market growth?
Infrastructure projects drives the market.
7. Are there any restraints impacting market growth?
Lack of Skilled Labor; Supply chain issues and rising material costs.
8. Can you provide examples of recent developments in the market?
March 2023: L&T has inked an MoU with Odisha-based non-profit SLS Trust for setting up a Skill Training Hub at Badampahar in Odisha's Mayurbanj district. This facility will comprise classrooms, state-of-the-art simulators, yards for practical training, and residential accommodation for the trainees.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 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 "Construction Industry in India," 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 Construction Industry in India 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 Construction Industry in India?
To stay informed about further developments, trends, and reports in the Construction Industry in India, 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