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Blue Prism Technology Service Market Trends and Forecast

The future of the global blue prism technology service market looks promising with opportunities in the finance, healthcare, retail, telecommunication, and manufacturing markets. The global blue prism technology service market is expected to grow with a CAGR of 16% from 2025 to 2031. The major drivers for this market are the increasing demand for automation solutions, the growing adoption of AI technologies, and the rising need for operational efficiency.

• Lucintel forecasts that, within the type category, training service is expected to witness the highest growth over the forecast period.
• Within the end use category, finance is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below.

Blue Prism Technology Service Market Trends and Forecast

Blue Prism Technology Service Market by Segment

Emerging Trends in the Blue Prism Technology Service Market

The blue prism technology service market is leading the charge of the intelligent automation revolution, continually changing to address the needs of companies looking for increased efficiency, speed, and innovation. Some key trends are emerging, expanding on what is possible with robotic process automation and AI, and redefining the strategic direction for companies and service providers alike.
• Blending Generative AI and Agentic AI: One of the key trends is the increased blurring of generative AI and agentic AI capabilities within Blue PrismÄX%$%Xs platform. This enables more advanced automation, which allows digital workers to process unstructured data, perform natural language interactions, and even take autonomous decisions. This completely increases the scope of automation beyond rule-based tasks to enable higher-value process automation and smart insights.
• Cloud-Native and SaaS Deployment Shift: The trend is shifting towards cloud-native and Software-as-a-Service (SaaS) deployment options for Blue Prism solutions. The movement provides greater scalability, agility, lower infrastructure expenditures, and quicker time-to-value to businesses. Cloud-based options provide simpler management, upgrades, and scaling of automation configurations, meeting the demand for more agile and accessible automation platforms.
• Process Orchestration and End-to-End Automation Focus: In addition to automating discrete activities, there is a very strong emerging pattern of end-to-end business process orchestration. Blue Prism is concentrating on solutions that bridge systems, applications, and human-in-the-loop interventions into seamless workflows. This comprehensive approach ensures that automation yields end-to-end business results, rather than discrete efficiencies, by combining RPA with BPM, AI, and APIs.
• Governance, Security, and Compliance in AI-driven Automation: With increasingly intelligent and ubiquitous automation, the focus on strong governance, security, and compliance mechanisms is essential. This trend encompasses creating Blue Prism features that ensure automated processes conform to regulatory requirements, data protection legislation, and internal governance. It addresses issues of AI ethics, transparency, and auditability, creating trust in autonomous operations.
• Human-in-the-Loop Automation and Co-Pilots: Instead of replacement, a growing trend emphasizes the value of human-in-the-loop automation, wherein digital employees work alongside human staff. This includes features such as Blue Prism Assistant, an artificial intelligence co-pilot that offers context-specific support and suggestions to human users. This strategy uses AI to improve upon human abilities so that workers can concentrate on more value-added, creative activities, and creates an authentic hybrid workforce.
These new trends are collectively transforming the blue prism technology service market by extending the horizon of automation capabilities, increasing flexibility and scalability of deployments, and strengthening strategic business results, as well as ensuring responsible AI implementation. The emphasis on intelligent automation, cloud solutions, end-to-end orchestration, robust governance, and human-digital collaboration is catalyzing immense innovation and expanding Blue Prism solutions deployment across a wide range of industries.
Emerging Trends in the Blue Prism Technology Service Market

Recent Development in the Blue Prism Technology Service Market

The blue prism technology service market has witnessed various significant recent trends, led mostly by the need for increased operational efficiency, sped-up digital transformation, and strategic adoption of sophisticated artificial intelligence capabilities. These developments are revolutionizing the way businesses deploy, run, and expand their automation initiatives.
• Next Generation Platform Improvements and Roadmap: A key recent innovation is Blue PrismÄX%$%Xs ongoing development of its "Next Gen" platform. This involves a roadmap that targets the delivery of cloud-native features, enhanced user experience, and closer alignment with next-generation technologies. Improvements like the "Automation Orchestrator" and the "Blue Prism Assistant" (a co-pilot AI) are evidence of an ongoing push toward an easier and more capable automation experience, simplifying the entire automation process.
• Increased Integration of Generative AI and Agentic AI: Latest trends indicate Blue Prism stepping up the integration of generative AI and agentic AI in its primary offerings. This enhances the automation of intricate, unstructured processes by helping digital workers comprehend natural language, create content, and execute autonomous decisions. This broadens the reach of RPA from mundane jobs to smart, cognitive automation, which opens new degrees of efficiency.
• Greater Focus on Process Orchestration: There is a heightened recent trend towards establishing Blue Prism as an end-to-end process orchestration platform. It extends beyond the automation of specific tasks to the management of end-to-end business processes, the integration of RPA with BPM, AI, and APIs. This all-encompassing approach guarantees that automation efforts are aligned strategically to yield more business value at the end-to-end workflow level.
• Cloud-First Strategy and SaaS Offerings: The latest trends strongly suggest Blue PrismÄX%$%Xs firm cloud-first strategy, with emphasis on fully managed SaaS-delivered solutions such as Blue Prism Cloud. This gives customers unparalleled agility, security, and innovation by minimizing infrastructure overhead and enabling fast deployment and scalability. Cloud migration meets the increasing need for flexible and accessible automation solutions.
• Stronger Governance and Security Architectures: With scaling automation, recent advancements reflect an essential emphasis on bolstering governance and security in the Blue Prism platform. These encompass developments in auditability, access management, and compliance capabilities, especially essential for very heavily regulated sectors. This helps ensure that AI-powered automation runs within set ethical boundaries and compliance requirements, instilling confidence and reducing risks for business enterprises.
These latest advancements are cumulatively influencing the Blue Prism technology services market by driving it toward advanced intelligent, scalable, and secure automation offerings. Emphasis on next-generation platform capabilities, extensive AI integration, end-to-end process orchestration, cloud-first strategies, and strong governance is reshaping industry norms, making Blue Prism an increasingly strategic and integral part of digital transformation programs in enterprises.

Strategic Growth Opportunities in the Blue Prism Technology Service Market

The blue prism technology service market presents enormous strategic growth opportunities across key applications, led by the ubiquitous demand for operational efficiency, cost containment, and augmented digital capabilities across sectors. Pinpointing and leveraging these application-specific opportunities is essential for players to widen their footprint and deliver sustainable growth in this fast-changing industry.
• Financial Services (Banking, Insurance, Capital Markets): This industry holds massive growth opportunities with its strongly repetitive, rule-driven processes, high-volume transactions, and strict regulatory conditions. Strategic areas include back-office automation (e.g., claims handling, loan origination, reconciliation), onboarding, and compliance screening. Blue PrismÄX%$%Xs enterprise-class security and scalability are perfect for processing financial workflows efficiently, cutting errors, and enhancing customer satisfaction, all while following strict governance.
• Life Sciences and Healthcare: The life sciences and healthcare sector, weighed down by compliance requirements, intricate patient data management, and administrative duties, holds a lot of potential for growth. Opportunities are provided by automating claims processing, patient scheduling, electronic health record updating, and data entry. Blue Prism can automate processes, decrease administrative workload on doctors, enhance data accuracy, and increase patient satisfaction so that healthcare professionals can work with more patients and less repetitive clerical tasks.
• Telecommunications: Telecommunications industry, with high volumes of customer interactions, complex billing, and frequent service changes, holds massive growth opportunities. Strategic initiatives include automating customer support queries, network configuration, billing modifications, and service activation/deactivation. Blue Prism improves efficiency in operations by reducing customer churn, delivering services quicker, and conforming to the changing needs of an open market.
• Government and Public Sector: Governmental departments and public sector enterprises are looking to become more modernized in their operations, enhance citizen services, and be more transparent. Hopes lie in automating the processing of data, permit submissions, licensing, and other administrative processes. Blue Prism can assist with cutting processing time, decreasing human error, and making public services more efficient, with consequent cost savings and enhanced citizen satisfaction within regulated regimes.
• Manufacturing and Supply Chain: The manufacturing industry, with its complex supply chains, inventory management, production processes, holds immense growth opportunities. Strategic possibilities involve automating order processing, inventory reconciliation, logistics coordination, and quality control data entry. Blue Prism can streamline the whole supply chain, increase production efficiency, reduce operational expenses, and increase overall agility to respond to market needs and disruptions.
These strategic growth areas are cumulatively affecting the blue prism technology service marketplace by fueling specialized solution creation and focused market penetration. The emphasis on finance services, healthcare, telco, government, and manufacturing uses is forcing Blue Prism and its ecosystem to create industry-specialized automation roadmaps, integrate with appropriate enterprise solutions, and ensure transparent return on investment, contributing towards wider adoption and more profound penetration in these key verticals.

Blue Prism Technology Service Market Driver and Challenges

Blue prism technology service industry is significantly impacted by a dynamic interaction of significant drivers and challenges, including multiple technological, economic, and regulatory factors. These drivers together determine the rate of innovation, market share, and overall expansion. Knowledge of these drivers, which drive demand and adoption, along with the inherent challenges that can curtail expansion, is important for stakeholders to strategically maneuver and leverage opportunities in this changing industry.
The factors responsible for driving the blue prism technology service market include:
1. Growing Need for Cost Savings and Operational Efficiency: One of the key drivers is the common corporate goal of improving operational efficiency and cutting costs. All industries are seeking to automate rule-based, repetitive, and manual tasks in order to free human employees from these jobs for more value-added tasks. Blue PrismÄX%$%Xs RPA solutions bring in considerable cost savings by avoiding labor, eliminating errors, and automating processes at a faster rate, making it an attractive investment.
2. Digital Transformation Initiatives Industry-Wide: The international drive for digital transformation is a powerful driver. Organizations are now understanding that automation is an essential building block for realizing genuine digital transformation. Blue Prism offers the technology to bring legacy systems into the digital fold, automate repetitive tasks, and empower an authentic digital workforce, underpinning larger strategies to digitize processes and gain competitiveness in the digital economy.
3. Convergence of Artificial Intelligence (AI) and Machine Learning (ML): The powerful driver comes from the convergence of RPA with AI and ML. With Blue Prism increasingly converging advanced AI features such as generative AI, NLP, and OCR, its capabilities move beyond structured tasks to process unstructured data and make intelligent decisions. This increases automation potential, which applies to more sophisticated business processes.
4. Remote Work and Distributed Workforce Growth: The movement to remote and hybrid work environments has increased the demand for automated processes that can execute across distributed teams with ease. Blue Prism digital workers do not have any geographical location dependencies, promoting business continuity and constant process execution regardless of human workersÄX%$%X locations. This promotes collaboration and operational resilience in contemporary workspaces.
5. Focus on Enhanced Customer and Employee Experience: Companies are increasingly leveraging automation to improve both customer and employee experiences. By automating repetitive tasks, Blue Prism allows human employees to focus on more complex, customer-facing interactions, leading to better service quality. For employees, it frees them from mundane work, increasing job satisfaction and allowing them to engage in more strategic and rewarding activities.
Challenges in the blue prism technology service market are:
1. Shortage of Skilled Resources and Implementation Complexity: One of the main challenges is the limited availability of skilled workers who have experience in implementing, managing, and scaling Blue Prism solutions. Integrating RPA into current IT environments, particularly legacy systems, demands advanced knowledge. This talent shortage can result in reduced adoption, increased consulting fees, and challenges to realizing the full potential of automation efforts.
2. Change Resistance and Worker Issues: Organizational resistance to implementing automation, usually due to worker fears of job loss, is a key issue. This can be overcome through change management procedures, assertive communication regarding the positive effects of automation on human laborers, and reskilling programs. Without worker buy-in, automation initiatives risk substantial internal obstacles and provide unintended consequences.
3. Governance, Security, and Compliance Risks: With increasing automation at an enterprise scale, governance, security, and compliance are becoming more difficult to manage. Ensuring that digital workers comply with data privacy laws (e.g., GDPR, CCPA) and company security policies is of highest importance. A single mistake can result in major financial penalties, reputational loss, and business disruptions, necessitating strong oversight and auditing controls.
In summary, the blue prism technology services market is firmly propelled by the common need for operational efficiency and cost savings, worldwide digital transformation programs, the strong synergy of AI and ML, the rise of remote work models, and a strong emphasis on improving both customer and employee experiences. But it is confronted with significant challenges, such as the severe lack of competent implementation resources, change resistance within employees, and multifaceted requirements for tight governance, security, and compliance in a more automated world. Being able to overcome these challenges through effective talent development, change management, and ongoing innovation within security frameworks will be crucial for long-term growth and wider market uptake of Blue Prism solutions.

List of Blue Prism Technology Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies blue prism technology service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the blue prism technology service companies profiled in this report include-
• Blue Prism
• PwC
• Accenture
• HCL Technologies
• Automation Anywhere
• IBM
• Capgemini
• Infosys
• Wipro
• NTT Data

Blue Prism Technology Service Market by Segment

The study includes a forecast for the global blue prism technology service market by type, deployment mode, enterprise size, end use, and region.

Blue Prism Technology Service Market by Type [Value from 2019 to 2031]:


• Consulting Services
• Implementation Services
• Support & Maintenance Services
• Training Services

Blue Prism Technology Service Market by Deployment Mode [Value from 2019 to 2031]:


• On-Premises
• Cloud-Based

Blue Prism Technology Service Market by Enterprise Size [Value from 2019 to 2031]:


• Small Enterprises
• Medium Enterprises
• Large Enterprises

Blue Prism Technology Service Market by End Use [Value from 2019 to 2031]:


• Finance
• Healthcare
• Retail
• Telecommunications
• Manufacturing
• Others

Blue Prism Technology Service Market by Region [Value from 2019 to 2031]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Blue Prism Technology Service Market

The blue prism technology service market is rapidly transforming, with the uptake in the global demand for enterprise-class automation and the strategic use of artificial intelligence (AI) playing a key role. With organizations across the globe endeavoring to improve operational efficacy, simplify intricate processes, and enhance employee and customer experience, Robotic Process Automation (RPA) solutions such as Blue Prism are gaining unrivaled relevance. Latest developments indicate a tough drive towards intelligent automation, cloud-native deployments, and sophisticated AI capabilities, transforming the way companies undertake digital transformation in key economies like the United States, China, Germany, India, and Japan.
• United States: In the United States, the blue prism technology service market is marked by widespread adoption in highly regulated sectors such as financial services, healthcare, and insurance. Recent trends point towards growing need for marrying Blue Prism solutions with sophisticated AI, especially generative AI and agentic AI, to automate increasingly complex end-to-end processes. The emphasis is on realizing greater degrees of digital transformation and customer and employee journey optimization, taking advantage of cloud-native platforms for security and scale.
• China: ChinaÄX%$%Xs Blue Prism technology services market is expanding substantially, boosted by the nationÄX%$%Xs enormous digital transformation programs and growth in its tech industry. Intelligent automation is increasingly sought after to enhance efficiency within large state-owned enterprises and fast-expanding private enterprises. Recent trends indicate a focus on tailoring Blue Prism solutions to specific local market requirements, frequently integrating with local cloud providers and AI functions to enable widespread automation across different industries, such as manufacturing and telecom.
• Germany: GermanyÄX%$%Xs Blue Prism technology service industry is characterized by a preoccupation with strong, secure, and compliant automation solutions, in light of the countryÄX%$%Xs strict data protection laws and a focus on industrial efficiency. Current trends show a growing use of Blue Prism in manufacturing, automotive, and finance sectors. German companies prefer easy integration with current IT infrastructures and utilization of Blue Prism for handling complex process orchestration to improve productivity and guarantee high quality standards.
• India: India is seeing significant growth in the Blue Prism technology services market driven by its booming IT services industry, vast pool of talent, and continued digital business transformation. Current trends have seen greater adoption in banking, telecommunications, and business process outsourcing (BPO) sectors. Focus is particularly strong on using Blue Prism to drive cost savings, expedited deployment of automation, and enhancing customer experience, typically in collaboration with local system integrators and service providers.
• Japan: JapanÄX%$%Xs blue prism technology service market is marked by steady adoption, fueled by the countryÄX%$%Xs emphasis on operational excellence, solving labor shortages, and improving productivity. Recent trends include Japanese language support being available throughout Blue PrismÄX%$%Xs Next Gen interface, which makes its wider use more plausible. Specific focus is placed on the deployment of Blue Prism in back-office automation, enhancing the accuracy of data, and interfacing with other enterprise applications to attain more efficient and streamlined business operations across sectors such as financial services and manufacturing.
Lucintel Analytics Dashboard

Features of the Global Blue Prism Technology Service Market

Market Size Estimates: Blue prism technology service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Blue prism technology service market size by various segments, such as by type, deployment mode, enterprise size, end use, and region in terms of value ($B).
Regional Analysis: Blue prism technology service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, deployment modes, enterprise sizes, end uses, and regions for the blue prism technology service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the blue prism technology service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Lucintel Consulting Services

FAQ

Q1. What is the growth forecast for blue prism technology service market?
Answer: The global blue prism technology service market is expected to grow with a CAGR of 16% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the blue prism technology service market?
Answer: The major drivers for this market are the increasing demand for automation solutions, the growing adoption of AI technologies, and the rising need for operational efficiency.
Q3. What are the major segments for blue prism technology service market?
Answer: The future of the blue prism technology service market looks promising with opportunities in the finance, healthcare, retail, telecommunication, and manufacturing markets.
Q4. Who are the key blue prism technology service market companies?
Answer: Some of the key blue prism technology service companies are as follows:
• Blue Prism
• PwC
• Accenture
• HCL Technologies
• Automation Anywhere
• IBM
• Capgemini
• Infosys
• Wipro
• NTT Data
Q5. Which blue prism technology service market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, training service is expected to witness the highest growth over the forecast period.
Q6. In blue prism technology service market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the blue prism technology service market by type (consulting services, implementation services, support & maintenance services, and training services), deployment mode (on-premises and cloud-based), enterprise size (small enterprises, medium enterprises, and large enterprises), end use (finance, healthcare, retail, telecommunications, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Blue Prism Technology Service Market, Blue Prism Technology Service Market Size, Blue Prism Technology Service Market Growth, Blue Prism Technology Service Market Analysis, Blue Prism Technology Service Market Report, Blue Prism Technology Service Market Share, Blue Prism Technology Service Market Trends, Blue Prism Technology Service Market Forecast, Blue Prism Technology Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
                                                            Table of Contents

            1. Executive Summary

            2. Global Blue Prism Technology Service Market : Market Dynamics
                        2.1: Introduction, Background, and Classifications
                        2.2: Supply Chain
                        2.3: Industry Drivers and Challenges

            3. Market Trends and Forecast Analysis from 2019 to 2031
                        3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
                        3.2. Global Blue Prism Technology Service Market Trends (2019-2024) and Forecast (2025-2031)
                        3.3: Global Blue Prism Technology Service Market by Type
                                    3.3.1: Consulting Services
                                    3.3.2: Implementation Services
                                    3.3.3: Support & Maintenance Services
                                    3.3.4: Training Services
                        3.4: Global Blue Prism Technology Service Market by Deployment Mode
                                    3.4.1: On-Premises
                                    3.4.2: Cloud-Based
                        3.5: Global Blue Prism Technology Service Market by Enterprise Size
                                    3.5.1: Small Enterprises
                                    3.5.2: Medium Enterprises
                                    3.5.3: Large Enterprises
                                    3.6: Global Blue Prism Technology Service Market by End Use
                                    3.6.1: Finance
                                    3.6.2: Healthcare
                                    3.6.3: Retail
                                    3.6.4: Telecommunications
                                    3.6.5: Manufacturing
                                    3.6.6: Others

            4. Market Trends and Forecast Analysis by Region from 2019 to 2031
                        4.1: Global Blue Prism Technology Service Market by Region
                        4.2: North American Blue Prism Technology Service Market
                                    4.2.1: North American Market by Type: Consulting Services, Implementation Services, Support & Maintenance Services, and Training Services
                                    4.2.2: North American Market by End Use: Finance, Healthcare, Retail, Telecommunications, Manufacturing, and Others
                        4.3: European Blue Prism Technology Service Market
                                    4.3.1: European Market by Type: Consulting Services, Implementation Services, Support & Maintenance Services, and Training Services
                                    4.3.2: European Market by End Use: Finance, Healthcare, Retail, Telecommunications, Manufacturing, and Others
                        4.4: APAC Blue Prism Technology Service Market
                                    4.4.1: APAC Market by Type: Consulting Services, Implementation Services, Support & Maintenance Services, and Training Services
                                    4.4.2: APAC Market by End Use: Finance, Healthcare, Retail, Telecommunications, Manufacturing, and Others
                        4.5: ROW Blue Prism Technology Service Market
                                    4.5.1: ROW Market by Type: Consulting Services, Implementation Services, Support & Maintenance Services, and Training Services
                                    4.5.2: ROW Market by End Use: Finance, Healthcare, Retail, Telecommunications, Manufacturing, and Others

            5. Competitor Analysis
                        5.1: Product Portfolio Analysis
                        5.2: Operational Integration
                        5.3: Porter’s Five Forces Analysis

            6. Growth Opportunities and Strategic Analysis
                        6.1: Growth Opportunity Analysis
                                    6.1.1: Growth Opportunities for the Global Blue Prism Technology Service Market by Type
                                    6.1.2: Growth Opportunities for the Global Blue Prism Technology Service Market by Deployment Mode
                                    6.1.3: Growth Opportunities for the Global Blue Prism Technology Service Market by Enterprise Size
                                    6.1.4: Growth Opportunities for the Global Blue Prism Technology Service Market by End Use
                                    6.1.5: Growth Opportunities for the Global Blue Prism Technology Service Market by Region
                        6.2: Emerging Trends in the Global Blue Prism Technology Service Market
                        6.3: Strategic Analysis
                                    6.3.1: New Product Development
                                    6.3.2: Capacity Expansion of the Global Blue Prism Technology Service Market
                                    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Blue Prism Technology Service Market
                                    6.3.4: Certification and Licensing

            7. Company Profiles of Leading Players
                        7.1: Blue Prism
                        7.2: PwC
                        7.3: Accenture
                        7.4: HCL Technologies
                        7.5: Automation Anywhere
                        7.6: IBM
                        7.7: Capgemini
                        7.8: Infosys
                        7.9: Wipro
                        7.10: NTT Data
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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