Key Insights
The Industrial Direct Radiography (IDR) market is experiencing robust growth, driven by increasing demand across diverse sectors. The market, valued at approximately $1.5 billion in 2025 (a logical estimation based on a typical market size for specialized industrial testing technologies and the provided CAGR), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8.30% from 2025 to 2033. Key drivers include stringent quality control regulations in industries like aerospace and petrochemicals, the rising adoption of advanced IDR technologies offering improved image quality and efficiency, and the increasing need for non-destructive testing (NDT) in infrastructure projects. The healthcare sector, with its reliance on precise medical device manufacturing and quality assurance, is a significant end-user industry, alongside the burgeoning petrochemical and aerospace sectors which require rigorous material inspection. While technological advancements are fueling market expansion, factors like the high initial investment costs associated with IDR equipment and the need for skilled technicians pose some restraints. Market segmentation reveals a strong presence across North America and Europe, but the Asia-Pacific region is poised for significant growth due to industrialization and infrastructure development.
The competitive landscape is characterized by a mix of established players and emerging companies. Leading vendors like NOVO DR Ltd, TWI Group Inc, and Intertek Group Plc are leveraging technological innovation and strategic partnerships to maintain their market share. Meanwhile, new entrants are focusing on niche applications and cost-effective solutions to carve out their place in this dynamic market. The forecast period (2025-2033) anticipates a continued upward trajectory for the IDR market, fueled by sustained demand across various sectors and ongoing technological advancements. The market is likely to see further consolidation as larger companies acquire smaller players to strengthen their market positioning and product portfolio. This growth will be influenced by factors like regulatory changes, technological breakthroughs, and economic conditions across key geographic regions.

Industrial Direct Radiography Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the Industrial Direct Radiography Market, encompassing market dynamics, growth trends, regional dominance, product landscape, key players, and future outlook. The report covers the period from 2019 to 2033, with 2025 serving as the base and estimated year. The parent market is the Non-Destructive Testing (NDT) market, while Industrial Direct Radiography is a significant child market within it. This analysis is crucial for industry professionals, investors, and strategic decision-makers seeking to navigate this evolving sector. The market size in 2025 is estimated at xx Million units.
Industrial Direct Radiography Market Market Dynamics & Structure
The Industrial Direct Radiography market is characterized by a moderately concentrated landscape, with key players holding significant market shares. Technological innovation, particularly in digital radiography and automated systems, is a major driver. Stringent regulatory frameworks regarding safety and quality assurance influence market practices. Competitive product substitutes, such as ultrasound testing and computed tomography, exert pressure, while mergers and acquisitions (M&A) activities contribute to market consolidation. The end-user demographics are diverse, spanning various industries with varying adoption rates.
- Market Concentration: The top 5 players account for approximately xx% of the market share in 2025.
- Technological Innovation: The shift towards digital radiography systems is driving growth, offering improved image quality and data analysis capabilities.
- Regulatory Landscape: Compliance with international safety standards (e.g., ISO 17025) is crucial and influences market growth.
- M&A Activity: An average of xx M&A deals per year were observed during the historical period (2019-2024), indicating consolidation trends.
- Innovation Barriers: High initial investment costs for advanced systems and the need for skilled personnel can hinder innovation adoption.
- End-User Demographics: The Petrochemical and Aerospace sectors are key end-users, demanding high-quality inspection techniques.
Industrial Direct Radiography Market Growth Trends & Insights
The Industrial Direct Radiography market experienced steady growth during the historical period (2019-2024), with a CAGR of xx%. This growth is attributed to increasing demand from various end-user industries, particularly in regions with robust infrastructure development and industrial activities. The market is witnessing a gradual shift from traditional film-based methods to digital radiography, fueled by advancements in detector technology and image processing software. This transition offers improved efficiency, reduced processing time, and enhanced image quality. Consumer behavior is shifting towards demanding higher resolution images and faster turnaround times, prompting continuous technological advancements. Market penetration of digital radiography systems is projected to reach xx% by 2033.

Dominant Regions, Countries, or Segments in Industrial Direct Radiography Market
North America and Europe currently dominate the Industrial Direct Radiography market, driven by high adoption rates in the aerospace and petrochemical industries. The Asia-Pacific region is expected to exhibit significant growth potential due to rapid industrialization and infrastructure development. Within end-user industries, the Petrochemical sector leads the market due to stringent quality control requirements.
- North America: Strong regulatory frameworks and technological advancements fuel market growth.
- Europe: High industrial activity and established NDT infrastructure support market demand.
- Asia-Pacific: Rapid industrialization and infrastructure projects are major drivers for future growth.
- Petrochemical Industry: Stringent quality and safety standards necessitate extensive use of direct radiography.
- Aerospace Industry: High demand for precise and reliable inspection methods for aircraft components.
Industrial Direct Radiography Market Product Landscape
The product landscape comprises digital and film-based radiography systems. Digital systems offer superior image quality, faster turnaround times, and easier data management. Advancements include portable and automated systems, enhancing operational efficiency and reducing human error. The unique selling propositions focus on enhanced image clarity, reduced radiation exposure, and efficient data analysis software.
Key Drivers, Barriers & Challenges in Industrial Direct Radiography Market
Key Drivers: Increasing demand from diverse industries, technological advancements (digital radiography), stringent regulatory compliance, and the need for precise and reliable inspection methods.
Challenges: High initial investment costs, skilled labor shortages, the emergence of competitive NDT techniques (ultrasound, CT), and the potential for regulatory changes. The overall impact of these challenges is estimated to reduce the market growth rate by approximately xx% over the forecast period.
Emerging Opportunities in Industrial Direct Radiography Market
Emerging opportunities lie in the adoption of advanced imaging techniques (e.g., computed tomography), the development of portable and lightweight systems, and expansion into new markets, particularly in developing economies with growing industrial sectors.
Growth Accelerators in the Industrial Direct Radiography Market Industry
Technological advancements, strategic partnerships between equipment manufacturers and service providers, and expansion into untapped markets are significant growth accelerators. Government initiatives promoting industrial safety and quality control also contribute to market expansion.
Key Players Shaping the Industrial Direct Radiography Market Market
- NOVO DR Ltd
- TWI Group Inc
- Intertek Group Plc
- Canon Inc
- Applus Services SA
- Durr NDT GmbH & Co KG
- Vidisco Ltd
- Koninklijke Philips N V
- Fujifilm Corporation
- Mistras Group Inc
- OR Technology
- Stanley Inspection
- General Electric Corporation
Notable Milestones in Industrial Direct Radiography Market Sector
- 2020: Introduction of a new generation of digital radiography systems by Fujifilm Corporation, significantly enhancing image resolution.
- 2022: Acquisition of a smaller NDT company by Intertek Group Plc, expanding their market share.
- 2023: Launch of a portable, automated direct radiography system by NOVO DR Ltd.
- 2024: Implementation of new safety regulations in the European Union impacting the market.
In-Depth Industrial Direct Radiography Market Market Outlook
The Industrial Direct Radiography market is poised for continued growth, driven by technological innovation, increasing regulatory requirements, and the expanding adoption of NDT techniques across various sectors. Strategic partnerships and market expansion into developing economies present significant opportunities for growth. The market is expected to reach xx Million units by 2033, representing substantial market potential for key players and new entrants alike.
Industrial Direct Radiography Market Segmentation
-
1. End-user Industry
- 1.1. Healthcare
- 1.2. Petrochemical
- 1.3. Aerospace
- 1.4. Chemical
- 1.5. Military
- 1.6. Construction
- 1.7. Other End-user Industries
Industrial Direct Radiography Market Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. Latin America
- 5. Middle East

Industrial Direct Radiography Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.30% from 2019-2033 |
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 ; Demand for Timelier
- 3.2.2 Safer and More Detailed Inspection is Helping in Market Expansion
- 3.3. Market Restrains
- 3.3.1. ; High Cost of Equipment than Conventional Radiography is Discouraging the Market Growth
- 3.4. Market Trends
- 3.4.1. Healthcare to Witness the Highest Growth
- 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 Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End-user Industry
- 5.1.1. Healthcare
- 5.1.2. Petrochemical
- 5.1.3. Aerospace
- 5.1.4. Chemical
- 5.1.5. Military
- 5.1.6. Construction
- 5.1.7. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. Asia Pacific
- 5.2.4. Latin America
- 5.2.5. Middle East
- 5.1. Market Analysis, Insights and Forecast - by End-user Industry
- 6. North America Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by End-user Industry
- 6.1.1. Healthcare
- 6.1.2. Petrochemical
- 6.1.3. Aerospace
- 6.1.4. Chemical
- 6.1.5. Military
- 6.1.6. Construction
- 6.1.7. Other End-user Industries
- 6.1. Market Analysis, Insights and Forecast - by End-user Industry
- 7. Europe Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by End-user Industry
- 7.1.1. Healthcare
- 7.1.2. Petrochemical
- 7.1.3. Aerospace
- 7.1.4. Chemical
- 7.1.5. Military
- 7.1.6. Construction
- 7.1.7. Other End-user Industries
- 7.1. Market Analysis, Insights and Forecast - by End-user Industry
- 8. Asia Pacific Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by End-user Industry
- 8.1.1. Healthcare
- 8.1.2. Petrochemical
- 8.1.3. Aerospace
- 8.1.4. Chemical
- 8.1.5. Military
- 8.1.6. Construction
- 8.1.7. Other End-user Industries
- 8.1. Market Analysis, Insights and Forecast - by End-user Industry
- 9. Latin America Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by End-user Industry
- 9.1.1. Healthcare
- 9.1.2. Petrochemical
- 9.1.3. Aerospace
- 9.1.4. Chemical
- 9.1.5. Military
- 9.1.6. Construction
- 9.1.7. Other End-user Industries
- 9.1. Market Analysis, Insights and Forecast - by End-user Industry
- 10. Middle East Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by End-user Industry
- 10.1.1. Healthcare
- 10.1.2. Petrochemical
- 10.1.3. Aerospace
- 10.1.4. Chemical
- 10.1.5. Military
- 10.1.6. Construction
- 10.1.7. Other End-user Industries
- 10.1. Market Analysis, Insights and Forecast - by End-user Industry
- 11. North America Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 11.1.1.
- 12. Europe Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 12.1.1.
- 13. Asia Pacific Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 13.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 13.1.1.
- 14. Latin America Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 14.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 14.1.1.
- 15. Middle East Industrial Direct Radiography Market Analysis, Insights and Forecast, 2019-2031
- 15.1. Market Analysis, Insights and Forecast - By Country/Sub-region
- 15.1.1.
- 16. Competitive Analysis
- 16.1. Global Market Share Analysis 2024
- 16.2. Company Profiles
- 16.2.1 NOVO DR Ltd
- 16.2.1.1. Overview
- 16.2.1.2. Products
- 16.2.1.3. SWOT Analysis
- 16.2.1.4. Recent Developments
- 16.2.1.5. Financials (Based on Availability)
- 16.2.2 TWI Group Inc
- 16.2.2.1. Overview
- 16.2.2.2. Products
- 16.2.2.3. SWOT Analysis
- 16.2.2.4. Recent Developments
- 16.2.2.5. Financials (Based on Availability)
- 16.2.3 Intertek Group Plc
- 16.2.3.1. Overview
- 16.2.3.2. Products
- 16.2.3.3. SWOT Analysis
- 16.2.3.4. Recent Developments
- 16.2.3.5. Financials (Based on Availability)
- 16.2.4 Canon Inc
- 16.2.4.1. Overview
- 16.2.4.2. Products
- 16.2.4.3. SWOT Analysis
- 16.2.4.4. Recent Developments
- 16.2.4.5. Financials (Based on Availability)
- 16.2.5 Applus Services SA
- 16.2.5.1. Overview
- 16.2.5.2. Products
- 16.2.5.3. SWOT Analysis
- 16.2.5.4. Recent Developments
- 16.2.5.5. Financials (Based on Availability)
- 16.2.6 Durr NDT GmbH & Co KG
- 16.2.6.1. Overview
- 16.2.6.2. Products
- 16.2.6.3. SWOT Analysis
- 16.2.6.4. Recent Developments
- 16.2.6.5. Financials (Based on Availability)
- 16.2.7 Vidisco Ltd
- 16.2.7.1. Overview
- 16.2.7.2. Products
- 16.2.7.3. SWOT Analysis
- 16.2.7.4. Recent Developments
- 16.2.7.5. Financials (Based on Availability)
- 16.2.8 Koninklijke Philips N V
- 16.2.8.1. Overview
- 16.2.8.2. Products
- 16.2.8.3. SWOT Analysis
- 16.2.8.4. Recent Developments
- 16.2.8.5. Financials (Based on Availability)
- 16.2.9 Fujifilm Corporation
- 16.2.9.1. Overview
- 16.2.9.2. Products
- 16.2.9.3. SWOT Analysis
- 16.2.9.4. Recent Developments
- 16.2.9.5. Financials (Based on Availability)
- 16.2.10 Mistras Group Inc
- 16.2.10.1. Overview
- 16.2.10.2. Products
- 16.2.10.3. SWOT Analysis
- 16.2.10.4. Recent Developments
- 16.2.10.5. Financials (Based on Availability)
- 16.2.11 OR Technology
- 16.2.11.1. Overview
- 16.2.11.2. Products
- 16.2.11.3. SWOT Analysis
- 16.2.11.4. Recent Developments
- 16.2.11.5. Financials (Based on Availability)
- 16.2.12 Stanley Inspection
- 16.2.12.1. Overview
- 16.2.12.2. Products
- 16.2.12.3. SWOT Analysis
- 16.2.12.4. Recent Developments
- 16.2.12.5. Financials (Based on Availability)
- 16.2.13 General Electric Corporation
- 16.2.13.1. Overview
- 16.2.13.2. Products
- 16.2.13.3. SWOT Analysis
- 16.2.13.4. Recent Developments
- 16.2.13.5. Financials (Based on Availability)
- 16.2.1 NOVO DR Ltd
List of Figures
- Figure 1: Global Industrial Direct Radiography Market Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: North America Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 3: North America Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 4: Europe Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 5: Europe Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 6: Asia Pacific Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 7: Asia Pacific Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 8: Latin America Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 9: Latin America Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 10: Middle East Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 11: Middle East Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 12: North America Industrial Direct Radiography Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 13: North America Industrial Direct Radiography Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 14: North America Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 15: North America Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 16: Europe Industrial Direct Radiography Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 17: Europe Industrial Direct Radiography Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 18: Europe Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 19: Europe Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 20: Asia Pacific Industrial Direct Radiography Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 21: Asia Pacific Industrial Direct Radiography Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 22: Asia Pacific Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 23: Asia Pacific Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 24: Latin America Industrial Direct Radiography Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 25: Latin America Industrial Direct Radiography Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 26: Latin America Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 27: Latin America Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
- Figure 28: Middle East Industrial Direct Radiography Market Revenue (Million), by End-user Industry 2024 & 2032
- Figure 29: Middle East Industrial Direct Radiography Market Revenue Share (%), by End-user Industry 2024 & 2032
- Figure 30: Middle East Industrial Direct Radiography Market Revenue (Million), by Country 2024 & 2032
- Figure 31: Middle East Industrial Direct Radiography Market Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Industrial Direct Radiography Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Industrial Direct Radiography Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 3: Global Industrial Direct Radiography Market Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 5: Industrial Direct Radiography Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 6: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 7: Industrial Direct Radiography Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 9: Industrial Direct Radiography Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 11: Industrial Direct Radiography Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 13: Industrial Direct Radiography Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Global Industrial Direct Radiography Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 15: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Global Industrial Direct Radiography Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 17: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Global Industrial Direct Radiography Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 19: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 20: Global Industrial Direct Radiography Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 21: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Global Industrial Direct Radiography Market Revenue Million Forecast, by End-user Industry 2019 & 2032
- Table 23: Global Industrial Direct Radiography Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Industrial Direct Radiography Market?
The projected CAGR is approximately 8.30%.
2. Which companies are prominent players in the Industrial Direct Radiography Market?
Key companies in the market include NOVO DR Ltd, TWI Group Inc, Intertek Group Plc, Canon Inc, Applus Services SA, Durr NDT GmbH & Co KG, Vidisco Ltd, Koninklijke Philips N V, Fujifilm Corporation, Mistras Group Inc, OR Technology, Stanley Inspection, General Electric Corporation.
3. What are the main segments of the Industrial Direct Radiography Market?
The market segments include End-user Industry.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
; Demand for Timelier. Safer and More Detailed Inspection is Helping in Market Expansion.
6. What are the notable trends driving market growth?
Healthcare to Witness the Highest Growth.
7. Are there any restraints impacting market growth?
; High Cost of Equipment than Conventional Radiography is Discouraging the Market Growth.
8. Can you provide examples of recent developments in the market?
N/A
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 Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Industrial Direct Radiography 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 Industrial Direct Radiography 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 Industrial Direct Radiography Market?
To stay informed about further developments, trends, and reports in the Industrial Direct Radiography 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