The AI-powered Storage Market is expected to register a CAGR of 25.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Offering (Hardware, Software); Storage Medium (Hard Disk Drive, Solid State Drive); Storage System (Network-Attached Storage Systems, Direct-Attached Storage Systems, Storage Area Network); Industry Vertical (BFSI, Telecom, Media and Entertainment, Government, Cloud Service Providers, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report AI-powered Storage Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
AI-powered Storage Market Segmentation
Offering- Hardware
- Software
- Hard Disk Drive
- Solid State Drive
- Network-Attached Storage Systems
- Direct-Attached Storage Systems
- Storage Area Network
- BFSI
- Telecom
- Media and Entertainment
- Government
- Cloud Service Providers
- Others
Strategic Insights
AI-powered Storage Market Growth Drivers- Need for Real-Time Data Processing: As more industries start to use real-time analytics in healthcare, financial institutions, and e-commerce, the need for storage systems that can service high-throughput data on-the-fly is pressing. This AI-enabled storage system improves the speed of delivering data and accessing them for both processing and expediting quick decisions using real-time data to support timely decisions by organizations based on such information.
- Rising Adoption of Cloud Computing: Cloud computing has today become a "must-have" for every business-size requirement. The shift to the cloud has spawned the demand for smarter, more effective methods of storage. AI-based storage can optimize data storage in the cloud through automatic adjustments of storage requirements, the ability to predict future data requirements, and enable smoother management of huge data sitting across multiple platforms of cloud. Predictive analytics and anomaly detection are some of the AI capabilities that make cloud storage even more efficient.
- Hyper-Converged Infrastructure (HCI) Integration: Integration of AI with HCI will be a major trend in the storage market. HCI integrates computing, storage, and networking into a single platform, and combining it with AI can provide enhanced scalability, automation, and resource optimization. Businesses will be able to develop more agile, efficient, and cost-effective infrastructures for data storage by continuing their increasing usage of AI for managing HCI environments.
- Growth in AI-Optimized Energy Storage Systems: The AI-powered storage market is expected to grow as AI algorithms enhance energy storage efficiency, predict energy demands, and optimize grid management. This will lead to smarter, more sustainable storage solutions, enabling better integration of renewable energy sources and improving overall energy infrastructure performance, thus driving the transition to cleaner energy systems.
- AI for Predictive Maintenance and Optimization: Predictive maintenance could be a game-changer for AI in storage systems. As AI solutions can use machine-learning algorithms to analyze historical data and predict potential failures or performance degradations ahead of time, AI-based storage may help predict future hardware malfunctions or performance degradation, giving businesses the opportunity to address issues proactively, minimize downtime, and maximize system reliability.
- Enhanced Security Features: With growing concerns about breach of data and cyber threats, AI-powered storage solutions can assure far more advanced security features. AI algorithms can detect patterns of unusual activity in accessing data or its transfer to identify possible threats instantly and thus respond much faster to mitigate risks better. AI can also automate encryption processes, ensuring that sensitive data is consistently protected across all environments of storage.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the AI-powered Storage Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the AI-powered Storage Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
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Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
The major factors driving the AI-powered storage market are:
1. Need for Real-Time Data Processing
2. Rising Adoption of Cloud Computing
Hyper-Converged Infrastructure (HCI) Integration is anticipated to play a significant role in the global AI-powered storage market in the coming years
The AI-powered Storage Market is estimated to witness a CAGR of 24.6% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 AI-powered Storage Market - By Offering
1.3.2 AI-powered Storage Market - By Storage Medium
1.3.3 AI-powered Storage Market - By Storage System
1.3.4 AI-powered Storage Market - By Industry Vertical
1.3.5 AI-powered Storage Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AI-POWERED STORAGE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AI-POWERED STORAGE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AI-POWERED STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. AI-POWERED STORAGE - GLOBAL MARKET OVERVIEW
6.2. AI-POWERED STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AI-POWERED STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
8. AI-POWERED STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - STORAGE MEDIUM
8.1. OVERVIEW
8.2. STORAGE MEDIUM MARKET FORECASTS AND ANALYSIS
8.3. HARD DISK DRIVE
8.3.1. Overview
8.3.2. Hard Disk Drive Market Forecast and Analysis
8.4. SOLID STATE DRIVE
8.4.1. Overview
8.4.2. Solid State Drive Market Forecast and Analysis
9. AI-POWERED STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - STORAGE SYSTEM
9.1. OVERVIEW
9.2. STORAGE SYSTEM MARKET FORECASTS AND ANALYSIS
9.3. NETWORK-ATTACHED STORAGE SYSTEMS
9.3.1. Overview
9.3.2. Network-Attached Storage Systems Market Forecast and Analysis
9.4. DIRECT-ATTACHED STORAGE SYSTEMS
9.4.1. Overview
9.4.2. Direct-Attached Storage Systems Market Forecast and Analysis
9.5. STORAGE AREA NETWORK
9.5.1. Overview
9.5.2. Storage Area Network Market Forecast and Analysis
10. AI-POWERED STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. TELECOM
10.4.1. Overview
10.4.2. Telecom Market Forecast and Analysis
10.5. MEDIA AND ENTERTAINMENT
10.5.1. Overview
10.5.2. Media and Entertainment Market Forecast and Analysis
10.6. GOVERNMENT
10.6.1. Overview
10.6.2. Government Market Forecast and Analysis
10.7. CLOUD SERVICE PROVIDERS
10.7.1. Overview
10.7.2. Cloud Service Providers Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. AI-POWERED STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America AI-powered Storage Market Overview
11.1.2 North America AI-powered Storage Market Forecasts and Analysis
11.1.3 North America AI-powered Storage Market Forecasts and Analysis - By Offering
11.1.4 North America AI-powered Storage Market Forecasts and Analysis - By Storage Medium
11.1.5 North America AI-powered Storage Market Forecasts and Analysis - By Storage System
11.1.6 North America AI-powered Storage Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America AI-powered Storage Market Forecasts and Analysis - By Countries
11.1.7.1 United States AI-powered Storage Market
11.1.7.1.1 United States AI-powered Storage Market by Offering
11.1.7.1.2 United States AI-powered Storage Market by Storage Medium
11.1.7.1.3 United States AI-powered Storage Market by Storage System
11.1.7.1.4 United States AI-powered Storage Market by Industry Vertical
11.1.7.2 Canada AI-powered Storage Market
11.1.7.2.1 Canada AI-powered Storage Market by Offering
11.1.7.2.2 Canada AI-powered Storage Market by Storage Medium
11.1.7.2.3 Canada AI-powered Storage Market by Storage System
11.1.7.2.4 Canada AI-powered Storage Market by Industry Vertical
11.1.7.3 Mexico AI-powered Storage Market
11.1.7.3.1 Mexico AI-powered Storage Market by Offering
11.1.7.3.2 Mexico AI-powered Storage Market by Storage Medium
11.1.7.3.3 Mexico AI-powered Storage Market by Storage System
11.1.7.3.4 Mexico AI-powered Storage Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe AI-powered Storage Market Overview
11.2.2 Europe AI-powered Storage Market Forecasts and Analysis
11.2.3 Europe AI-powered Storage Market Forecasts and Analysis - By Offering
11.2.4 Europe AI-powered Storage Market Forecasts and Analysis - By Storage Medium
11.2.5 Europe AI-powered Storage Market Forecasts and Analysis - By Storage System
11.2.6 Europe AI-powered Storage Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe AI-powered Storage Market Forecasts and Analysis - By Countries
11.2.7.1 Germany AI-powered Storage Market
11.2.7.1.1 Germany AI-powered Storage Market by Offering
11.2.7.1.2 Germany AI-powered Storage Market by Storage Medium
11.2.7.1.3 Germany AI-powered Storage Market by Storage System
11.2.7.1.4 Germany AI-powered Storage Market by Industry Vertical
11.2.7.2 France AI-powered Storage Market
11.2.7.2.1 France AI-powered Storage Market by Offering
11.2.7.2.2 France AI-powered Storage Market by Storage Medium
11.2.7.2.3 France AI-powered Storage Market by Storage System
11.2.7.2.4 France AI-powered Storage Market by Industry Vertical
11.2.7.3 Italy AI-powered Storage Market
11.2.7.3.1 Italy AI-powered Storage Market by Offering
11.2.7.3.2 Italy AI-powered Storage Market by Storage Medium
11.2.7.3.3 Italy AI-powered Storage Market by Storage System
11.2.7.3.4 Italy AI-powered Storage Market by Industry Vertical
11.2.7.4 United Kingdom AI-powered Storage Market
11.2.7.4.1 United Kingdom AI-powered Storage Market by Offering
11.2.7.4.2 United Kingdom AI-powered Storage Market by Storage Medium
11.2.7.4.3 United Kingdom AI-powered Storage Market by Storage System
11.2.7.4.4 United Kingdom AI-powered Storage Market by Industry Vertical
11.2.7.5 Russia AI-powered Storage Market
11.2.7.5.1 Russia AI-powered Storage Market by Offering
11.2.7.5.2 Russia AI-powered Storage Market by Storage Medium
11.2.7.5.3 Russia AI-powered Storage Market by Storage System
11.2.7.5.4 Russia AI-powered Storage Market by Industry Vertical
11.2.7.6 Rest of Europe AI-powered Storage Market
11.2.7.6.1 Rest of Europe AI-powered Storage Market by Offering
11.2.7.6.2 Rest of Europe AI-powered Storage Market by Storage Medium
11.2.7.6.3 Rest of Europe AI-powered Storage Market by Storage System
11.2.7.6.4 Rest of Europe AI-powered Storage Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific AI-powered Storage Market Overview
11.3.2 Asia-Pacific AI-powered Storage Market Forecasts and Analysis
11.3.3 Asia-Pacific AI-powered Storage Market Forecasts and Analysis - By Offering
11.3.4 Asia-Pacific AI-powered Storage Market Forecasts and Analysis - By Storage Medium
11.3.5 Asia-Pacific AI-powered Storage Market Forecasts and Analysis - By Storage System
11.3.6 Asia-Pacific AI-powered Storage Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific AI-powered Storage Market Forecasts and Analysis - By Countries
11.3.7.1 Australia AI-powered Storage Market
11.3.7.1.1 Australia AI-powered Storage Market by Offering
11.3.7.1.2 Australia AI-powered Storage Market by Storage Medium
11.3.7.1.3 Australia AI-powered Storage Market by Storage System
11.3.7.1.4 Australia AI-powered Storage Market by Industry Vertical
11.3.7.2 China AI-powered Storage Market
11.3.7.2.1 China AI-powered Storage Market by Offering
11.3.7.2.2 China AI-powered Storage Market by Storage Medium
11.3.7.2.3 China AI-powered Storage Market by Storage System
11.3.7.2.4 China AI-powered Storage Market by Industry Vertical
11.3.7.3 India AI-powered Storage Market
11.3.7.3.1 India AI-powered Storage Market by Offering
11.3.7.3.2 India AI-powered Storage Market by Storage Medium
11.3.7.3.3 India AI-powered Storage Market by Storage System
11.3.7.3.4 India AI-powered Storage Market by Industry Vertical
11.3.7.4 Japan AI-powered Storage Market
11.3.7.4.1 Japan AI-powered Storage Market by Offering
11.3.7.4.2 Japan AI-powered Storage Market by Storage Medium
11.3.7.4.3 Japan AI-powered Storage Market by Storage System
11.3.7.4.4 Japan AI-powered Storage Market by Industry Vertical
11.3.7.5 South Korea AI-powered Storage Market
11.3.7.5.1 South Korea AI-powered Storage Market by Offering
11.3.7.5.2 South Korea AI-powered Storage Market by Storage Medium
11.3.7.5.3 South Korea AI-powered Storage Market by Storage System
11.3.7.5.4 South Korea AI-powered Storage Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific AI-powered Storage Market
11.3.7.6.1 Rest of Asia-Pacific AI-powered Storage Market by Offering
11.3.7.6.2 Rest of Asia-Pacific AI-powered Storage Market by Storage Medium
11.3.7.6.3 Rest of Asia-Pacific AI-powered Storage Market by Storage System
11.3.7.6.4 Rest of Asia-Pacific AI-powered Storage Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa AI-powered Storage Market Overview
11.4.2 Middle East and Africa AI-powered Storage Market Forecasts and Analysis
11.4.3 Middle East and Africa AI-powered Storage Market Forecasts and Analysis - By Offering
11.4.4 Middle East and Africa AI-powered Storage Market Forecasts and Analysis - By Storage Medium
11.4.5 Middle East and Africa AI-powered Storage Market Forecasts and Analysis - By Storage System
11.4.6 Middle East and Africa AI-powered Storage Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa AI-powered Storage Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa AI-powered Storage Market
11.4.7.1.1 South Africa AI-powered Storage Market by Offering
11.4.7.1.2 South Africa AI-powered Storage Market by Storage Medium
11.4.7.1.3 South Africa AI-powered Storage Market by Storage System
11.4.7.1.4 South Africa AI-powered Storage Market by Industry Vertical
11.4.7.2 Saudi Arabia AI-powered Storage Market
11.4.7.2.1 Saudi Arabia AI-powered Storage Market by Offering
11.4.7.2.2 Saudi Arabia AI-powered Storage Market by Storage Medium
11.4.7.2.3 Saudi Arabia AI-powered Storage Market by Storage System
11.4.7.2.4 Saudi Arabia AI-powered Storage Market by Industry Vertical
11.4.7.3 U.A.E AI-powered Storage Market
11.4.7.3.1 U.A.E AI-powered Storage Market by Offering
11.4.7.3.2 U.A.E AI-powered Storage Market by Storage Medium
11.4.7.3.3 U.A.E AI-powered Storage Market by Storage System
11.4.7.3.4 U.A.E AI-powered Storage Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa AI-powered Storage Market
11.4.7.4.1 Rest of Middle East and Africa AI-powered Storage Market by Offering
11.4.7.4.2 Rest of Middle East and Africa AI-powered Storage Market by Storage Medium
11.4.7.4.3 Rest of Middle East and Africa AI-powered Storage Market by Storage System
11.4.7.4.4 Rest of Middle East and Africa AI-powered Storage Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America AI-powered Storage Market Overview
11.5.2 South and Central America AI-powered Storage Market Forecasts and Analysis
11.5.3 South and Central America AI-powered Storage Market Forecasts and Analysis - By Offering
11.5.4 South and Central America AI-powered Storage Market Forecasts and Analysis - By Storage Medium
11.5.5 South and Central America AI-powered Storage Market Forecasts and Analysis - By Storage System
11.5.6 South and Central America AI-powered Storage Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America AI-powered Storage Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil AI-powered Storage Market
11.5.7.1.1 Brazil AI-powered Storage Market by Offering
11.5.7.1.2 Brazil AI-powered Storage Market by Storage Medium
11.5.7.1.3 Brazil AI-powered Storage Market by Storage System
11.5.7.1.4 Brazil AI-powered Storage Market by Industry Vertical
11.5.7.2 Argentina AI-powered Storage Market
11.5.7.2.1 Argentina AI-powered Storage Market by Offering
11.5.7.2.2 Argentina AI-powered Storage Market by Storage Medium
11.5.7.2.3 Argentina AI-powered Storage Market by Storage System
11.5.7.2.4 Argentina AI-powered Storage Market by Industry Vertical
11.5.7.3 Rest of South and Central America AI-powered Storage Market
11.5.7.3.1 Rest of South and Central America AI-powered Storage Market by Offering
11.5.7.3.2 Rest of South and Central America AI-powered Storage Market by Storage Medium
11.5.7.3.3 Rest of South and Central America AI-powered Storage Market by Storage System
11.5.7.3.4 Rest of South and Central America AI-powered Storage Market by Industry Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AI-POWERED STORAGE MARKET, KEY COMPANY PROFILES
13.1. DELL INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. HITACHI VANTARA LLC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. IBM CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. INTEL CORPORATION
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. LENOVO GROUP LIMITED
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MICRON TECHNOLOGY, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NETAPP, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PURE STORAGE, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SAMSUNG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Dell Inc.
2. Hewlett Packard Enterprise Development LP
3. Hitachi Vantara LLC
4. IBM Corporation
5. Intel Corporation
6. Lenovo Group Limited
7. Micron Technology, Inc.
8. NetApp, Inc.
9. Pure Storage, Inc.
10. Samsung
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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