Business Challenge
A leading automation solutions company wanted to assess the potential for its distributed control systems in the Chemical industry in Europe.
Situation
The client wanted to gain insights on the market dynamics, including market landscape, market size, and demand situation, and assess market saturation and trends to identify a potential addressable market in Europe.
Approach
We leveraged our existing database of market stakeholders and deployed our information source mapping team to identify additional contacts who could provide information specific to the distributed control systems market and conducted in-depth interviews with the shortlisted key stakeholders, followed by insights development.
Impact
The client was able to understand the challenges related to the demand and supply scenario in the market, identify the causes for saturation in demand, and identify new potential addressable markets.
