Cloud-Based VDI Market Insights and Growth by 2031
The cloud-based VDI market is expected to register a CAGR of 14.1% during 2023–2031. An increase in demand for augmented reality & virtual reality in several industries is likely to remain a key trend in the market.
Cloud-Based VDI Market Analysis
- The cloud-based VDI market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The cloud-based VDI market is growing owing to factors such as a shift towards remote work and BYOD, growing adoption of cloud computing technology, and increased demand from the end-user industry.
- The huge growth of SMEs and the rise of AI and automation provide lucrative opportunities for the cloud-based VDI market.
Cloud-Based VDI Market Overview
- As cloud computing gains popularity, more companies are using cloud-based virtual desktop infrastructure (VDI) solutions to lower IT costs and streamline desktop administration.
- Cloud VDI solutions give companies the scalability and flexibility they need to adapt to the ever-changing needs of the corporate world.
- As technology advances, VDI solutions are increasingly connected with other technologies, such as cloud computing and artificial intelligence, allowing businesses to profit from these innovations.
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Cloud-Based VDI Market: Strategic Insights
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Customize Research To Suit Your Requirement
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Cloud-Based VDI Market: Strategic Insights
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Cloud-Based VDI Market Drivers and Opportunities
Shift Towards Remote Work And BYOD to Favor Market
- The ability to work from anywhere at any time is essential for employees in the fast-paced business world of today.
- According to Cass Information Systems, Inc., the average BYOD adoption rate is 70% worldwide. According to Jamf, in July 2023, ~75% of people were using personal devices for office work, which has resulted in a 34% increase in productivity; also, organizations can save approximately US$ 250 per employee with a BYOD plus stipend policy.
- Businesses may allow their employees the freedom to work from personal devices while adhering to security and compliance regulations by implementing Bring Your Device (BYOD) policies and mobile virtual desktop infrastructure (VDI) technology.
- Increased BYOD and remote work policies also raise security concerns. As the number of mobile devices used to access corporate data rises, businesses are putting strong security measures in place to safeguard confidential data from dangers like malware and illegal access.
- In such a scenario, cloud VDI helps to put strict security guidelines, end-to-end encryption, and access controls, making sure that workers only have access to the data they require to do their jobs.
Rise of AI and Automation
- The future of VDI will be greatly impacted by the ongoing emphasis on the potential of automation and artificial intelligence.
- Organizations are realizing that they need strong AI systems to govern, manage, and mine the increasing amount of data they produce for insights.
- With the rise of conversational AI and deep inference, which enhance and humanize our interactions with apps and devices, artificial intelligence (AI) is influencing more and more areas of consumers' and workers' daily lives.
- A key component of VDI will be the capacity to effectively optimize process deployment through intelligent automation, which can assist enterprises in streamlining business processes ranging from straightforward task automation to more intricate financial services automation.
- In the coming years, organizations will have even more options at their disposal for improving security, flexibility, and productivity due to the continuous emphasis on the potential of AI and automation.
Cloud-Based VDI Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cloud-based VDI market analysis are type, deployment, enterprise size, and end user.
- By type, the market is bifurcated into persistent desktops and non-persistent desktops.
- By deployment, the market is segmented into private cloud, public cloud, and hybrid cloud.
- By enterprise size, the market is bifurcated into small and medium-sized enterprises (SMEs), and large enterprises.
- By end user, the market is segmented into BFSI, IT and telecom, healthcare, education, government, manufacturing, and others.
Cloud-Based VDI Market Share Analysis by Geography
- Cloud-based VDI market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering cloud-based VDI market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the cloud-based VDI market in these regions.
Cloud-Based VDI Market Report Scope
Cloud-Based VDI Market News and Recent Developments
The cloud-based VDI market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cloud-based VDI market are listed below:
- Scale Computing announced a campaign to promote its virtual desktop infrastructure (VDI) technology. For a limited time, customers who connect with the Scale Computing team to discuss a planned or existing VDI environment and generate a quote will receive an ASUS Zen Screen Portable Monitor. SC//Platform brings simplicity, high availability, and scalability together, replacing the existing infrastructure and offering the ability to run VMs in a single, easy-to-manage platform. (Scale Computing, Press Release, April 2024)
- Workspot, the Enterprise VDI platform built for the hybrid multi-cloud era, announced that it has extended its VDI platform to support managed services providers (MSPs). As a natural evolution of Workspot’s Channel Program, the company is expanding its reach across technology solutions providers, channel partners, and MSPs through a new improved partner program that allows the resale of Workspot software platform licenses, as well as integrating Workspot’s platform into their own managed services. (Workspot, Press Release, February 2024)
Cloud-Based VDI Market Report Coverage and Deliverables
The “Cloud Based VDI Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Cloud-based VDI market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cloud-based VDI market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Cloud-based VDI market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the cloud-based VDI market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and a 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 an Excel dataset based on the request.
The leading players operating in the cloud-based VDI market are Broadcom; Cloud Software Group, Inc.; Microsoft Corporation; Amazon Web Services, Inc.; IBM Corporation; Cisco Systems, Inc.; Oracle Corporation; Huawei Technologies Co., Ltd.; Google LLC; Nutanix.
An increase in demand for augmented reality & virtual reality in several industries is anticipated to play a significant role in the global cloud-based VDI market in the coming years.
The global cloud-based VDI market is expected to grow at a CAGR of 14.1% during the forecast period 2024 - 2031.
Shift towards remote work and BYOD, growing adoption of cloud computing technology, and increased demand from the end user industry are the major factors driving the cloud-based VDI market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cloud-based VDI Market - By Deployment Model
1.3.2 Cloud-based VDI Market - By Enterprise Size
1.3.3 Cloud-based VDI Market - By End User
1.3.4 Cloud-based VDI Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. CLOUD-BASED VDI MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 Asia-Pacific - Pest Analysis
4.3.4 Middle East and Africa - Pest Analysis
4.3.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4 EXPERT OPINIONS
5. CLOUD-BASED VDI 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. CLOUD-BASED VDI MARKET - GLOBAL MARKET ANALYSIS
6.1. CLOUD-BASED VDI - GLOBAL MARKET OVERVIEW
6.2. CLOUD-BASED VDI - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CLOUD-BASED VDI MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT MODEL
7.1. OVERVIEW
7.2. DEPLOYMENT MODEL MARKET FORECASTS AND ANALYSIS
7.3. PRIVATE
7.3.1. Overview
7.3.2. Private Market Forecast and Analysis
7.4. PUBLIC
7.4.1. Overview
7.4.2. Public Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
8. CLOUD-BASED VDI MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMES Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. CLOUD-BASED VDI MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. EDUCATION
9.4.1. Overview
9.4.2. Education Market Forecast and Analysis
9.5. HEALTHCARE
9.5.1. Overview
9.5.2. Healthcare Market Forecast and Analysis
9.6. GOVERNMENT
9.6.1. Overview
9.6.2. Government Market Forecast and Analysis
9.7. IT TELECOM
9.7.1. Overview
9.7.2. IT Telecom Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. CLOUD-BASED VDI MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Cloud-based VDI Market Overview
10.1.2 North America Cloud-based VDI Market Forecasts and Analysis
10.1.3 North America Market Forecasts and Analysis - By Deployment Model
10.1.4 North America Market Forecasts and Analysis - By Enterprise Size
10.1.5 North America Market Forecasts and Analysis - By End User
10.1.6 North America Market Forecasts and Analysis - By Countries
10.1.6.1 United States Market
10.1.6.1.1 United States Market by Deployment Model
10.1.6.1.2 United States Market by Enterprise Size
10.1.6.1.3 United States Market by End User
10.1.6.2 Canada Market
10.1.6.2.1 Canada Market by Deployment Model
10.1.6.2.2 Canada Market by Enterprise Size
10.1.6.2.3 Canada Market by End User
10.1.6.3 Mexico Market
10.1.6.3.1 Mexico Market by Deployment Model
10.1.6.3.2 Mexico Market by Enterprise Size
10.1.6.3.3 Mexico Market by End User
10.2. EUROPE
10.2.1 Europe Cloud-based VDI Market Overview
10.2.2 Europe Cloud-based VDI Market Forecasts and Analysis
10.2.3 Europe Market Forecasts and Analysis - By Deployment Model
10.2.4 Europe Market Forecasts and Analysis - By Enterprise Size
10.2.5 Europe Market Forecasts and Analysis - By End User
10.2.6 Europe Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Market
10.2.6.1.1 Germany Market by Deployment Model
10.2.6.1.2 Germany Market by Enterprise Size
10.2.6.1.3 Germany Market by End User
10.2.6.2 France Market
10.2.6.2.1 France Market by Deployment Model
10.2.6.2.2 France Market by Enterprise Size
10.2.6.2.3 France Market by End User
10.2.6.3 Italy Market
10.2.6.3.1 Italy Market by Deployment Model
10.2.6.3.2 Italy Market by Enterprise Size
10.2.6.3.3 Italy Market by End User
10.2.6.4 United Kingdom Market
10.2.6.4.1 United Kingdom Market by Deployment Model
10.2.6.4.2 United Kingdom Market by Enterprise Size
10.2.6.4.3 United Kingdom Market by End User
10.2.6.5 Russia Market
10.2.6.5.1 Russia Market by Deployment Model
10.2.6.5.2 Russia Market by Enterprise Size
10.2.6.5.3 Russia Market by End User
10.2.6.6 Rest of Europe Market
10.2.6.6.1 Rest of Europe Market by Deployment Model
10.2.6.6.2 Rest of Europe Market by Enterprise Size
10.2.6.6.3 Rest of Europe Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Cloud-based VDI Market Overview
10.3.2 Asia-Pacific Cloud-based VDI Market Forecasts and Analysis
10.3.3 Asia-Pacific Market Forecasts and Analysis - By Deployment Model
10.3.4 Asia-Pacific Market Forecasts and Analysis - By Enterprise Size
10.3.5 Asia-Pacific Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Market
10.3.6.1.1 Australia Market by Deployment Model
10.3.6.1.2 Australia Market by Enterprise Size
10.3.6.1.3 Australia Market by End User
10.3.6.2 China Market
10.3.6.2.1 China Market by Deployment Model
10.3.6.2.2 China Market by Enterprise Size
10.3.6.2.3 China Market by End User
10.3.6.3 India Market
10.3.6.3.1 India Market by Deployment Model
10.3.6.3.2 India Market by Enterprise Size
10.3.6.3.3 India Market by End User
10.3.6.4 Japan Market
10.3.6.4.1 Japan Market by Deployment Model
10.3.6.4.2 Japan Market by Enterprise Size
10.3.6.4.3 Japan Market by End User
10.3.6.5 South Korea Market
10.3.6.5.1 South Korea Market by Deployment Model
10.3.6.5.2 South Korea Market by Enterprise Size
10.3.6.5.3 South Korea Market by End User
10.3.6.6 Rest of Asia-Pacific Market
10.3.6.6.1 Rest of Asia-Pacific Market by Deployment Model
10.3.6.6.2 Rest of Asia-Pacific Market by Enterprise Size
10.3.6.6.3 Rest of Asia-Pacific Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Cloud-based VDI Market Overview
10.4.2 Middle East and Africa Cloud-based VDI Market Forecasts and Analysis
10.4.3 Middle East and Africa Market Forecasts and Analysis - By Deployment Model
10.4.4 Middle East and Africa Market Forecasts and Analysis - By Enterprise Size
10.4.5 Middle East and Africa Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Market
10.4.6.1.1 South Africa Market by Deployment Model
10.4.6.1.2 South Africa Market by Enterprise Size
10.4.6.1.3 South Africa Market by End User
10.4.6.2 Saudi Arabia Market
10.4.6.2.1 Saudi Arabia Market by Deployment Model
10.4.6.2.2 Saudi Arabia Market by Enterprise Size
10.4.6.2.3 Saudi Arabia Market by End User
10.4.6.3 U.A.E Market
10.4.6.3.1 U.A.E Market by Deployment Model
10.4.6.3.2 U.A.E Market by Enterprise Size
10.4.6.3.3 U.A.E Market by End User
10.4.6.4 Rest of Middle East and Africa Market
10.4.6.4.1 Rest of Middle East and Africa Market by
Deployment Model
10.4.6.4.2 Rest of Middle East and Africa Market by
Enterprise Size
10.4.6.4.3 Rest of Middle East and Africa Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Cloud-based VDI Market Overview
10.5.2 South and Central America Cloud-based VDI Market Forecasts and Analysis
10.5.3 South and Central America Market Forecasts and Analysis - By
Deployment Model
10.5.4 South and Central America Market Forecasts and Analysis - By Enterprise Size
10.5.5 South and Central America Market Forecasts and Analysis - By End User
10.5.6 South and Central America Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Market
10.5.6.1.1 Brazil Market by Deployment Model
10.5.6.1.2 Brazil Market by Enterprise Size
10.5.6.1.3 Brazil Market by End User
10.5.6.2 Argentina Market
10.5.6.2.1 Argentina Market by Deployment Model
10.5.6.2.2 Argentina Market by Enterprise Size
10.5.6.2.3 Argentina Market by End User
10.5.6.3 Rest of South and Central America Market
10.5.6.3.1 Rest of South and Central America Market by Deployment Model
10.5.6.3.2 Rest of South and Central America Market by Enterprise Size
10.5.6.3.3 Rest of South and Central America Market by End User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CLOUD-BASED VDI MARKET, KEY COMPANY PROFILES
12.1. AMAZON WEB SERVICES INC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CISCO SYSTEMS INC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CITRIX SYSTEMS INC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DELL TECHNOLOGIES INC
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. IBM CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MICROSOFT CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NCOMPUTING CO LTD
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NUTANIX
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. PARALLELS INTERNATIONAL GMBH
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VMWARE INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. AMAZON WEB SERVICES, INC2. CISCO SYSTEMS, INC.3. CITRIX SYSTEMS, INC.4. DELL TECHNOLOGIES INC.5. IBM CORPORATION6. MICROSOFT CORPORATION7. NCOMPUTING CO. LTD8. NUTANIX9. PARALLELS INTERNATIONAL GMBH 10. VMWARE, INC
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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