Key Insights
The ASEAN office real estate market is experiencing robust growth, driven by a burgeoning economy, increasing urbanization, and a rise in foreign direct investment. The market's Compound Annual Growth Rate (CAGR) exceeding 9% from 2019 to 2024 indicates a strong upward trajectory. Key segments fueling this expansion include Grade A office spaces in prime locations within Southeast Asia, particularly catering to corporate offices and expanding SMEs. Significant demand from multinational corporations and technology firms, seeking modern, efficient workspaces, further propels market expansion. While the South Asia region contributes significantly, Southeast Asia dominates the market share due to its advanced infrastructure and economic dynamism. The presence of established international players like Savills Vietnam, Hines, and CBRE Vietnam underscores the market's maturity and attractiveness to global investors. However, challenges such as fluctuating economic conditions, potential oversupply in certain submarkets, and the ongoing impact of geopolitical events pose potential restraints to growth. The forecast period (2025-2033) promises continued expansion, though strategic planning and risk mitigation will be crucial for stakeholders to navigate these complexities and fully capitalize on the market's potential.
ASEAN Office Real Estate Market Market Size (In Billion)
The ASEAN office market segmentation reveals distinct opportunities. Grade A offices command premium pricing due to their superior amenities and strategic locations, appealing to larger corporations. Grade B and C offices serve a broader spectrum of businesses, providing more affordable options. Location-wise, strong economic growth in major Southeast Asian cities such as Singapore, Bangkok, and Jakarta drives demand in these areas, potentially surpassing South Asia's growth in the forecast period. Government initiatives promoting infrastructure development and attracting foreign investment are further boosting the sector's performance. Understanding the specific needs of end-users—corporates, SMEs, and government agencies—is vital for tailoring office spaces and securing long-term leases. The competitive landscape includes both international and local players, emphasizing the need for continuous innovation and adapting to evolving market preferences.
ASEAN Office Real Estate Market Company Market Share
ASEAN Office Real Estate Market: 2019-2033 Forecast Report
This comprehensive report provides an in-depth analysis of the ASEAN office real estate market, offering crucial insights for investors, developers, and industry professionals. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market trends, competitive dynamics, and future growth potential across Southeast and South Asia. The report leverages extensive data analysis, including market size estimations, CAGR projections, and M&A deal values, providing actionable intelligence for informed decision-making.
ASEAN Office Real Estate Market Market Structure & Competitive Dynamics
The ASEAN office real estate market exhibits a moderately concentrated structure, with key players like Savills Vietnam, Hines, UOL Group Limited, IM Global Property Consultants Sdn Bhd, and Frasers Property holding significant market share. However, the market is also characterized by a dynamic competitive landscape, with ongoing mergers and acquisitions (M&A) activity reshaping the industry. Regulatory frameworks vary across the ASEAN region, influencing development costs and investment strategies. The presence of substitute products, such as co-working spaces, continues to influence demand for traditional office spaces. End-user preferences are shifting towards sustainable, technologically advanced, and flexible office solutions. M&A activities during the historical period (2019-2024) resulted in approximately xx Million USD in deal value, with a concentration of activity in the Grade A office segment. Market share data indicates that the top five players collectively hold approximately xx% of the market, leaving ample room for smaller players and new entrants. Innovation ecosystems, while growing, remain underdeveloped in certain ASEAN nations, impacting the speed of technological adoption.
- Market Concentration: Moderate, with top 5 players holding approximately xx% market share.
- M&A Activity (2019-2024): Approximately xx Million USD in deal value.
- Regulatory Frameworks: Vary significantly across ASEAN nations.
- Innovation Ecosystems: Developing, with varying levels of technological adoption.
- End-User Trends: Shifting towards sustainability, technology, and flexibility.
ASEAN Office Real Estate Market Industry Trends & Insights
The ASEAN office real estate market is experiencing robust growth, driven by several key factors. The region’s expanding economies, burgeoning middle class, and increasing foreign direct investment (FDI) are fueling demand for high-quality office spaces. Technological advancements, such as smart building technologies and flexible work arrangements, are reshaping the office landscape. However, several challenges remain, including infrastructure limitations in certain areas, and varying levels of economic development across different ASEAN nations. The market's compound annual growth rate (CAGR) is projected to be xx% during the forecast period (2025-2033). Market penetration of Grade A office space is expected to increase by xx% by 2033, while Grade B and C office segments are anticipated to witness growth based on the overall market expansion and specific location demands. Consumer preferences show a growing emphasis on environmentally friendly buildings, leading to increased adoption of green building certifications.
Dominant Markets & Segments in ASEAN Office Real Estate Market
By Type: Grade A offices dominate the market in terms of rental rates and occupancy rates, driven by high demand from multinational corporations and leading local businesses. However, the Grade B and C office segments are also experiencing growth, catering to the needs of SMEs and other businesses.
By Location: Southeast Asia represents the most dominant market, particularly Singapore, Jakarta, and Bangkok, due to robust economic activity and established infrastructure. South Asia's office market is comparatively smaller, but it exhibits strong growth potential with increasing urbanization and economic expansion in key cities.
By End-User: Corporate offices account for the largest share of demand, followed by SME offices and government agencies. Growth in corporate office space is primarily driven by FDI and business expansion.
Key Drivers of Dominance:
- Economic Policies: Supportive government policies and infrastructure development initiatives.
- Infrastructure: Availability of advanced infrastructure such as transportation, utilities, and communication networks.
- Human Capital: Availability of a skilled workforce in key cities.
- Foreign Direct Investment (FDI): Influx of multinational corporations driving demand for modern office space.
ASEAN Office Real Estate Market Product Innovations
Recent innovations in the ASEAN office real estate market include the integration of smart building technologies, such as IoT-enabled systems for energy efficiency and enhanced security, and the rise of flexible workspace solutions to accommodate the evolving needs of businesses. These innovations aim to improve operational efficiency, enhance occupant experience, and attract tenants in a competitive market. The market is witnessing a growing trend towards green building certifications and sustainable design practices, appealing to environmentally conscious businesses.
Report Segmentation & Scope
This report segments the ASEAN office real estate market by:
Type: Grade A, Grade B, and Grade C offices. Each segment features its own market size, growth projections, and competitive dynamics analysis. Grade A office space is expected to maintain a higher CAGR compared to Grades B and C.
Location: Southeast Asia and South Asia. Southeast Asia represents a larger and more mature market. Detailed analysis will break down growth by key countries within each region.
End-User: Corporate offices, SME offices, and government agencies. The report analyses specific needs and preferences within each segment.
Key Drivers of ASEAN Office Real Estate Market Growth
Several factors drive the growth of the ASEAN office real estate market. Rapid economic expansion in many ASEAN nations leads to increased business activity and demand for office space. Technological advancements enable the creation of smart, efficient, and sustainable office buildings. Government initiatives that promote infrastructure development and foreign investment create favorable conditions for market expansion.
Challenges in the ASEAN Office Real Estate Market Sector
The ASEAN office real estate market faces several challenges. Infrastructure limitations in some areas constrain growth. Supply chain disruptions impact construction timelines and costs. Competition among developers can pressure rental rates and profit margins. Regulatory inconsistencies across different ASEAN countries create complexities for investors.
Leading Players in the ASEAN Office Real Estate Market Market
- Savills Vietnam
- Hines
- UOL Group Limited
- IM Global Property Consultants Sdn Bhd
- PRIME Philippines
- Frasers Property
- City Developments Limited
- PT Ciputra Development Tbk
- CBRE Vietnam
- Malton Berhad
Key Developments in ASEAN Office Real Estate Market Sector
September 2022: Ciputra International inaugurated the Propan Tower in Jakarta, a 17-floor project spanning 7.4 hectares with 10 buildings (6 offices, 3 apartments, 1 hotel), responding to high demand.
February 2022: Hulic acquired Trust Beneficiary Rights in the Shintomicho Building in Tokyo for USD 25.4 Million, signifying cross-border investment activity impacting capital flows within the region.
Strategic ASEAN Office Real Estate Market Market Outlook
The ASEAN office real estate market offers significant long-term growth potential. Continued economic expansion, urbanization, and technological advancements will drive demand. Strategic opportunities exist for developers focusing on sustainable, technologically advanced, and flexible office spaces. Investors should focus on prime locations with strong infrastructure and supportive government policies. The market is expected to see a shift towards more flexible leasing arrangements and a greater emphasis on workplace experience and employee well-being.
ASEAN Office Real Estate Market Segmentation
-
1. Geography
- 1.1. Singapore
- 1.2. Thailand
- 1.3. Vietnam
- 1.4. Indonesia
- 1.5. Malaysia
- 1.6. Philippines
- 1.7. Rest of ASEAN
ASEAN Office Real Estate Market Segmentation By Geography
- 1. Singapore
- 2. Thailand
- 3. Vietnam
- 4. Indonesia
- 5. Malaysia
- 6. Philippines
- 7. Rest of ASEAN
ASEAN Office Real Estate Market Regional Market Share
Geographic Coverage of ASEAN Office Real Estate Market
ASEAN Office Real Estate Market 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 5.67% 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. Increasing geriatric population; Growing cases of chronic disease among senior citizens
- 3.3. Market Restrains
- 3.3.1. High cost of elderly care services; Lack of skilled staff
- 3.4. Market Trends
- 3.4.1. Demand for Co-Working Spaces Driving 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 ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Geography
- 5.1.1. Singapore
- 5.1.2. Thailand
- 5.1.3. Vietnam
- 5.1.4. Indonesia
- 5.1.5. Malaysia
- 5.1.6. Philippines
- 5.1.7. Rest of ASEAN
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Singapore
- 5.2.2. Thailand
- 5.2.3. Vietnam
- 5.2.4. Indonesia
- 5.2.5. Malaysia
- 5.2.6. Philippines
- 5.2.7. Rest of ASEAN
- 5.1. Market Analysis, Insights and Forecast - by Geography
- 6. Singapore ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Geography
- 6.1.1. Singapore
- 6.1.2. Thailand
- 6.1.3. Vietnam
- 6.1.4. Indonesia
- 6.1.5. Malaysia
- 6.1.6. Philippines
- 6.1.7. Rest of ASEAN
- 6.1. Market Analysis, Insights and Forecast - by Geography
- 7. Thailand ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Geography
- 7.1.1. Singapore
- 7.1.2. Thailand
- 7.1.3. Vietnam
- 7.1.4. Indonesia
- 7.1.5. Malaysia
- 7.1.6. Philippines
- 7.1.7. Rest of ASEAN
- 7.1. Market Analysis, Insights and Forecast - by Geography
- 8. Vietnam ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Geography
- 8.1.1. Singapore
- 8.1.2. Thailand
- 8.1.3. Vietnam
- 8.1.4. Indonesia
- 8.1.5. Malaysia
- 8.1.6. Philippines
- 8.1.7. Rest of ASEAN
- 8.1. Market Analysis, Insights and Forecast - by Geography
- 9. Indonesia ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Geography
- 9.1.1. Singapore
- 9.1.2. Thailand
- 9.1.3. Vietnam
- 9.1.4. Indonesia
- 9.1.5. Malaysia
- 9.1.6. Philippines
- 9.1.7. Rest of ASEAN
- 9.1. Market Analysis, Insights and Forecast - by Geography
- 10. Malaysia ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Geography
- 10.1.1. Singapore
- 10.1.2. Thailand
- 10.1.3. Vietnam
- 10.1.4. Indonesia
- 10.1.5. Malaysia
- 10.1.6. Philippines
- 10.1.7. Rest of ASEAN
- 10.1. Market Analysis, Insights and Forecast - by Geography
- 11. Philippines ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 11.1. Market Analysis, Insights and Forecast - by Geography
- 11.1.1. Singapore
- 11.1.2. Thailand
- 11.1.3. Vietnam
- 11.1.4. Indonesia
- 11.1.5. Malaysia
- 11.1.6. Philippines
- 11.1.7. Rest of ASEAN
- 11.1. Market Analysis, Insights and Forecast - by Geography
- 12. Rest of ASEAN ASEAN Office Real Estate Market Analysis, Insights and Forecast, 2020-2032
- 12.1. Market Analysis, Insights and Forecast - by Geography
- 12.1.1. Singapore
- 12.1.2. Thailand
- 12.1.3. Vietnam
- 12.1.4. Indonesia
- 12.1.5. Malaysia
- 12.1.6. Philippines
- 12.1.7. Rest of ASEAN
- 12.1. Market Analysis, Insights and Forecast - by Geography
- 13. Competitive Analysis
- 13.1. Global Market Share Analysis 2025
- 13.2. Company Profiles
- 13.2.1 Savills Vietnam
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 Hines
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 UOL Group Limited
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 IM Global Property Consultants Sdn Bhd
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 PRIME Philippines
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 Frasers Property
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 City Developments Limited
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 PT Ciputra Development Tbk
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.9 CBRE Vietnam
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.10 Malton Berhad
- 13.2.10.1. Overview
- 13.2.10.2. Products
- 13.2.10.3. SWOT Analysis
- 13.2.10.4. Recent Developments
- 13.2.10.5. Financials (Based on Availability)
- 13.2.1 Savills Vietnam
List of Figures
- Figure 1: Global ASEAN Office Real Estate Market Revenue Breakdown (undefined, %) by Region 2025 & 2033
- Figure 2: Singapore ASEAN Office Real Estate Market Revenue (undefined), by Geography 2025 & 2033
- Figure 3: Singapore ASEAN Office Real Estate Market Revenue Share (%), by Geography 2025 & 2033
- Figure 4: Singapore ASEAN Office Real Estate Market Revenue (undefined), by Country 2025 & 2033
- Figure 5: Singapore ASEAN Office Real Estate Market Revenue Share (%), by Country 2025 & 2033
- Figure 6: Thailand ASEAN Office Real Estate Market Revenue (undefined), by Geography 2025 & 2033
- Figure 7: Thailand ASEAN Office Real Estate Market Revenue Share (%), by Geography 2025 & 2033
- Figure 8: Thailand ASEAN Office Real Estate Market Revenue (undefined), by Country 2025 & 2033
- Figure 9: Thailand ASEAN Office Real Estate Market Revenue Share (%), by Country 2025 & 2033
- Figure 10: Vietnam ASEAN Office Real Estate Market Revenue (undefined), by Geography 2025 & 2033
- Figure 11: Vietnam ASEAN Office Real Estate Market Revenue Share (%), by Geography 2025 & 2033
- Figure 12: Vietnam ASEAN Office Real Estate Market Revenue (undefined), by Country 2025 & 2033
- Figure 13: Vietnam ASEAN Office Real Estate Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Indonesia ASEAN Office Real Estate Market Revenue (undefined), by Geography 2025 & 2033
- Figure 15: Indonesia ASEAN Office Real Estate Market Revenue Share (%), by Geography 2025 & 2033
- Figure 16: Indonesia ASEAN Office Real Estate Market Revenue (undefined), by Country 2025 & 2033
- Figure 17: Indonesia ASEAN Office Real Estate Market Revenue Share (%), by Country 2025 & 2033
- Figure 18: Malaysia ASEAN Office Real Estate Market Revenue (undefined), by Geography 2025 & 2033
- Figure 19: Malaysia ASEAN Office Real Estate Market Revenue Share (%), by Geography 2025 & 2033
- Figure 20: Malaysia ASEAN Office Real Estate Market Revenue (undefined), by Country 2025 & 2033
- Figure 21: Malaysia ASEAN Office Real Estate Market Revenue Share (%), by Country 2025 & 2033
- Figure 22: Philippines ASEAN Office Real Estate Market Revenue (undefined), by Geography 2025 & 2033
- Figure 23: Philippines ASEAN Office Real Estate Market Revenue Share (%), by Geography 2025 & 2033
- Figure 24: Philippines ASEAN Office Real Estate Market Revenue (undefined), by Country 2025 & 2033
- Figure 25: Philippines ASEAN Office Real Estate Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Rest of ASEAN ASEAN Office Real Estate Market Revenue (undefined), by Geography 2025 & 2033
- Figure 27: Rest of ASEAN ASEAN Office Real Estate Market Revenue Share (%), by Geography 2025 & 2033
- Figure 28: Rest of ASEAN ASEAN Office Real Estate Market Revenue (undefined), by Country 2025 & 2033
- Figure 29: Rest of ASEAN ASEAN Office Real Estate Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 2: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Region 2020 & 2033
- Table 3: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 4: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Country 2020 & 2033
- Table 5: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 6: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Country 2020 & 2033
- Table 7: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 8: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Country 2020 & 2033
- Table 9: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 10: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Country 2020 & 2033
- Table 11: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 12: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Country 2020 & 2033
- Table 13: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 14: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Country 2020 & 2033
- Table 15: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Geography 2020 & 2033
- Table 16: Global ASEAN Office Real Estate Market Revenue undefined Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the ASEAN Office Real Estate Market?
The projected CAGR is approximately 5.67%.
2. Which companies are prominent players in the ASEAN Office Real Estate Market?
Key companies in the market include Savills Vietnam, Hines, UOL Group Limited, IM Global Property Consultants Sdn Bhd, PRIME Philippines, Frasers Property, City Developments Limited, PT Ciputra Development Tbk, CBRE Vietnam, Malton Berhad.
3. What are the main segments of the ASEAN Office Real Estate Market?
The market segments include Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD XXX N/A as of 2022.
5. What are some drivers contributing to market growth?
Increasing geriatric population; Growing cases of chronic disease among senior citizens.
6. What are the notable trends driving market growth?
Demand for Co-Working Spaces Driving the Market.
7. Are there any restraints impacting market growth?
High cost of elderly care services; Lack of skilled staff.
8. Can you provide examples of recent developments in the market?
September 2022 - Ciputra International (a real estate company), inaugurated the Propan Tower. This project has 17 floors and is spread across 7.4 hectares, consisting of 10 buildings, 6 offices, 3 apartments, and 1 hotel. The project was developed to meet the increasing demand for office space in Jakarta.
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 N/A.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "ASEAN Office Real Estate 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 ASEAN Office Real Estate 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 ASEAN Office Real Estate Market?
To stay informed about further developments, trends, and reports in the ASEAN Office Real Estate 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