Dark Fiber Market SWOT and PEST Analysis 2021-2031
The Dark Fiber Market size is projected to reach US$ 17.81 billion by 2031 from US$ 7.04 billion in 2023. The market is expected to register a CAGR of 12.30% during 2023–2031. Growing demand for data centers is likely to remain a key trend in the market.
Dark Fiber Market Analysis
Dark fiber technology is a sustainable solution for various organizations that are focusing on improved network management and communication. The enormous demand for internet bandwidth has been made possible by the steadily rising use of online services throughout time. This is by far the biggest driver driving market expansion worldwide. Businesses that heavily rely on internet connectivity for their operations considerably boost the dark fiber market. These networks are very helpful for businesses that handle large amounts of data flow. It helps in the reduction of network latency, scalability, reliability, and improved security. Furthermore, the growing deployment of the 5G network and smart city development is expected to fuel the growth of the dark fiber market in the forecasted period. Moreover, the increasing demand for data centers will propel the growth of the dark fiber market in the forecasted period.
Dark Fiber Market Overview
Unlit or "dark" fiber is the term for unseen optical fiber that is in the ground and can be rented or purchased from network service providers. For private networking, internet access, or internet infrastructure networking, it is utilized in fiber-optic communication. Businesses that use these networks may anticipate extremely fast speeds and robust security. Dark fiber may send numerous data signals across the same optical fiber at the same time by using wavelength division multiplexing, or DWDM. Also, with DWDM technology, dark fiber networks offer a high capacity and consume less power than more conventional ones.
Additionally, black fiber guarantees that companies will have nearly total control over their network architecture. Retail businesses, e-commerce, government agencies, and educational institutions are just a few industries that can benefit from dark fiber. Since they transfer enormous files containing sensitive data, the above industries need to have quick and secure internet access.
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Dark Fiber Market: Strategic Insights
Market Size Value in US$ 6.27 billion in 2022 Market Size Value by US$ 15.84 billion by 2030 Growth rate CAGR of 12.3% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Dark Fiber Market: Strategic Insights
| Market Size Value in | US$ 6.27 billion in 2022 |
| Market Size Value by | US$ 15.84 billion by 2030 |
| Growth rate | CAGR of 12.3% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Dark Fiber Market Drivers and Opportunities
Emergence of 5G
The 5G network is around 100 times faster than the 4G network, making real-time data acquisition easier. As the 5G network provides strong connectivity and high-speed data transfer, its demand is increasing worldwide. According to the Groupe Speciale Mobile Association (GSMA), 5G penetration worldwide is expected to reach 54% by 2031 from 17% in 2022. North America has the highest 5G penetration, with 39% in 2022; it is expected to reach 91% by 2031. 5G penetration in Asia Pacific (except China) and Europe is expected to increase from 4% and 11% in 2022 to 41% and 87% by 2031, respectively. As 5G is the critical new-generation network technology enabling innovation and supporting digital transformation, its demand is increasing worldwide. Therefore, the governments of various countries are investing in 5G infrastructure. In July 2021, the government of France announced its plan to invest about US$ 2.06 billion (EUR 1.7 billion) in its 5G market by 2031 via public and private investments. Through this, the government aims to accelerate the development of 5G in the country. Similarly, in January 2021, the government of South Korea announced that they would increase the coverage of the next-generation mobile networks, particularly 5G, to 85 cities this year from the current seven major cities. It invested around US$ 115.89 million (127.9 billion won) in 2021 to encourage the use of private 5G networks. Growing investments in 5G will also raise the need for dark fiber as it helps drastically reduce traffic congestion and wasteful rerouting along with providing lower latency and faster network speeds. Therefore, the emergence of a 5G network is fueling the growth of the dark fiber market.
Expansion of Telecommunication Infrastructure
The expansion of telecommunication infrastructure presents a significant opportunity for the dark fiber market to thrive and flourish. Governments and telecommunication companies worldwide are making substantial investments in the deployment of fiber-optic networks to enhance connectivity and support the growing demand for high-speed and reliable broadband services. In addition, with the proliferation of digital technologies and the increasing reliance on data-intensive applications, there is a surging demand for bandwidth. Furthermore, the expansion of telecommunication infrastructure also aims to bridge the digital divide by extending connectivity to rural and remote areas. Thus, the growing expansion of telecommunication infrastructure is expected to fuel the growth of the dark fiber market in the forecasted period.
Dark Fiber Market Report Segmentation Analysis
Key segments that contributed to the derivation of the dark fiber market analysis are fiber type, network type, and application.
- Based on fiber type, the dark fiber market is segmented into single–mode and multi–mode. The multi–mode segment is anticipated to witness significant growth in the forecasted period.
- Based on network type, the market is segmented into metro dark and long-haul. The long-haul segment is anticipated to witness significant growth in the forecasted period.
- Based on application, the market is segmented into BFSI, internet service providers (ISPs) and telecom, manufacturing, healthcare, and others. The Internet service providers (ISPs) and telecom segment are anticipated to witness significant growth in the forecasted period.
Dark Fiber Market Share Analysis by Geography
The geographic scope of the dark fiber market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America is anticipated to witness significant growth in the forecasted period. North American countries like the US and Canada have been pioneers in the adoption of new technology and automation across their businesses over the years. Also, owing to the rising demand for high-speed internet access, the demand for dark fiber is increasing in the region. In addition, the region's booming IT and telecommunications sectors are driving market expansion even further. High-end connectivity has become very important in North America as bandwidth needs and the demand for dependable and high-capacity networks have increased. Furthermore, the continuous need for high-speed internet across numerous industries is fueling the growth of the dark fiber market in the region.
Dark Fiber Market Report Scope
Dark Fiber Market News and Recent Developments
The dark fiber 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 Dark Fiber Market are listed below:
- Fluxys Belgium and GasLINE signed an infrastructure cooperation agreement to facilitate fiber-optic network expansion in Western Europe. Both companies have large networks in their respective countries, Belgium and Germany. As a telecommunications hub with international relevance, Frankfurt am Main is an important destination for Fluxys Belgium’s dark fiber customers and GasLINE, which is expanding its marketable fiber-optic infrastructure specifically into neighboring countries. (Source: Fluxys, Press Release, 2023)
- EdgeCore Digital Infrastructure announced its partnership with Zayo, a leading global communications infrastructure provider, to bring dark fiber connectivity to its 72MW Silicon Valley data center campus in Santa Clara, CA, to Zayo's global network, providing customers with resilient, diverse routes for current use and future expansion. Through Zayo's expansive, Tier-1 fiber network, including over 200 IP points of presence (PoPs) across the United States, customers at EdgeCore's Silicon Valley campus will have access to fast, diverse, and reliable connectivity with guaranteed bandwidth to support their business needs. Zayo's future-ready network infrastructure accommodates EdgeCore customers' evolving needs for scale, rapid deployment of additional bandwidth, cloud connectivity, customer end-point connectivity, and more. (Source: EdgeCore, Press Release, 2023)
Dark Fiber Market Report Coverage and Deliverables
The “Dark Fiber Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Dark fiber market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Dark fiber market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Dark fiber 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 dark fiber market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Fiber Type, Network Type, and Application
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
North America dominated the dark fiber market in 2023.
The emergence of 5G is the major factor that propels the global dark fiber market.
Growing demand for data centers to play a significant role in the global dark fiber market in the coming years.
The key players holding majority shares in the global dark fiber market are Lumen Technologies, Inc.; Cologix; Colt Technology Services Group Limited; Crown Castle; Dinesh Engineers Limited; FirstLight; Sterlite Power; Verizon Partner Solutions; Windstream Services, LLC; and Zayo Group, LLC.
The global dark fiber market is expected to reach US$ 17.81 billion by 2031.
The global dark fiber market is estimated to register a CAGR of 12.30% during the forecast period 2023–2031.
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 Dark Fiber Market - By Fiber Type
1.3.2 Dark Fiber Market - By Network Type
1.3.3 Dark Fiber Market - By Application
1.3.4 Dark Fiber Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DARK FIBER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DARK FIBER 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 AND RESTRAINTS
6. DARK FIBER MARKET - GLOBAL MARKET ANALYSIS
6.1. DARK FIBER - GLOBAL MARKET OVERVIEW
6.2. DARK FIBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DARK FIBER MARKET - REVENUE AND FORECASTS TO 2028 - FIBER TYPE
7.1. OVERVIEW
7.2. FIBER TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE-MODE
7.3.1. Overview
7.3.2. Single-Mode Market Forecast and Analysis
7.4. MULTI-MODE
7.4.1. Overview
7.4.2. Multi-Mode Market Forecast and Analysis
8. DARK FIBER MARKET - REVENUE AND FORECASTS TO 2028 - NETWORK TYPE
8.1. OVERVIEW
8.2. NETWORK TYPE MARKET FORECASTS AND ANALYSIS
8.3. METRO DARK
8.3.1. Overview
8.3.2. Metro Dark Market Forecast and Analysis
8.4. LONG-HAUL
8.4.1. Overview
8.4.2. Long-haul Market Forecast and Analysis
9. DARK FIBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. INTERNET SERVICE PROVIDERS (ISPS) AND TELECOM
9.4.1. Overview
9.4.2. Internet Service Providers (ISPs) and Telecom Market Forecast and Analysis
9.5. MANUFACTURING
9.5.1. Overview
9.5.2. Manufacturing Market Forecast and Analysis
9.6. HEALTHCARE
9.6.1. Overview
9.6.2. Healthcare Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. DARK FIBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Dark Fiber Market Overview
10.1.2 North America Dark Fiber Market Forecasts and Analysis
10.1.3 North America Dark Fiber Market Forecasts and Analysis - By Fiber Type
10.1.4 North America Dark Fiber Market Forecasts and Analysis - By Network Type
10.1.5 North America Dark Fiber Market Forecasts and Analysis - By Application
10.1.6 North America Dark Fiber Market Forecasts and Analysis - By Countries
10.1.6.1 United States Dark Fiber Market
10.1.6.1.1 United States Dark Fiber Market by Fiber Type
10.1.6.1.2 United States Dark Fiber Market by Network Type
10.1.6.1.3 United States Dark Fiber Market by Application
10.1.6.2 Canada Dark Fiber Market
10.1.6.2.1 Canada Dark Fiber Market by Fiber Type
10.1.6.2.2 Canada Dark Fiber Market by Network Type
10.1.6.2.3 Canada Dark Fiber Market by Application
10.1.6.3 Mexico Dark Fiber Market
10.1.6.3.1 Mexico Dark Fiber Market by Fiber Type
10.1.6.3.2 Mexico Dark Fiber Market by Network Type
10.1.6.3.3 Mexico Dark Fiber Market by Application
10.2. EUROPE
10.2.1 Europe Dark Fiber Market Overview
10.2.2 Europe Dark Fiber Market Forecasts and Analysis
10.2.3 Europe Dark Fiber Market Forecasts and Analysis - By Fiber Type
10.2.4 Europe Dark Fiber Market Forecasts and Analysis - By Network Type
10.2.5 Europe Dark Fiber Market Forecasts and Analysis - By Application
10.2.6 Europe Dark Fiber Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Dark Fiber Market
10.2.6.1.1 Germany Dark Fiber Market by Fiber Type
10.2.6.1.2 Germany Dark Fiber Market by Network Type
10.2.6.1.3 Germany Dark Fiber Market by Application
10.2.6.2 France Dark Fiber Market
10.2.6.2.1 France Dark Fiber Market by Fiber Type
10.2.6.2.2 France Dark Fiber Market by Network Type
10.2.6.2.3 France Dark Fiber Market by Application
10.2.6.3 Italy Dark Fiber Market
10.2.6.3.1 Italy Dark Fiber Market by Fiber Type
10.2.6.3.2 Italy Dark Fiber Market by Network Type
10.2.6.3.3 Italy Dark Fiber Market by Application
10.2.6.4 United Kingdom Dark Fiber Market
10.2.6.4.1 United Kingdom Dark Fiber Market by Fiber Type
10.2.6.4.2 United Kingdom Dark Fiber Market by Network Type
10.2.6.4.3 United Kingdom Dark Fiber Market by Application
10.2.6.5 Russia Dark Fiber Market
10.2.6.5.1 Russia Dark Fiber Market by Fiber Type
10.2.6.5.2 Russia Dark Fiber Market by Network Type
10.2.6.5.3 Russia Dark Fiber Market by Application
10.2.6.6 Rest of Europe Dark Fiber Market
10.2.6.6.1 Rest of Europe Dark Fiber Market by Fiber Type
10.2.6.6.2 Rest of Europe Dark Fiber Market by Network Type
10.2.6.6.3 Rest of Europe Dark Fiber Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Dark Fiber Market Overview
10.3.2 Asia-Pacific Dark Fiber Market Forecasts and Analysis
10.3.3 Asia-Pacific Dark Fiber Market Forecasts and Analysis - By Fiber Type
10.3.4 Asia-Pacific Dark Fiber Market Forecasts and Analysis - By Network Type
10.3.5 Asia-Pacific Dark Fiber Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Dark Fiber Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Dark Fiber Market
10.3.6.1.1 Australia Dark Fiber Market by Fiber Type
10.3.6.1.2 Australia Dark Fiber Market by Network Type
10.3.6.1.3 Australia Dark Fiber Market by Application
10.3.6.2 China Dark Fiber Market
10.3.6.2.1 China Dark Fiber Market by Fiber Type
10.3.6.2.2 China Dark Fiber Market by Network Type
10.3.6.2.3 China Dark Fiber Market by Application
10.3.6.3 India Dark Fiber Market
10.3.6.3.1 India Dark Fiber Market by Fiber Type
10.3.6.3.2 India Dark Fiber Market by Network Type
10.3.6.3.3 India Dark Fiber Market by Application
10.3.6.4 Japan Dark Fiber Market
10.3.6.4.1 Japan Dark Fiber Market by Fiber Type
10.3.6.4.2 Japan Dark Fiber Market by Network Type
10.3.6.4.3 Japan Dark Fiber Market by Application
10.3.6.5 South Korea Dark Fiber Market
10.3.6.5.1 South Korea Dark Fiber Market by Fiber Type
10.3.6.5.2 South Korea Dark Fiber Market by Network Type
10.3.6.5.3 South Korea Dark Fiber Market by Application
10.3.6.6 Rest of Asia-Pacific Dark Fiber Market
10.3.6.6.1 Rest of Asia-Pacific Dark Fiber Market by Fiber Type
10.3.6.6.2 Rest of Asia-Pacific Dark Fiber Market by Network Type
10.3.6.6.3 Rest of Asia-Pacific Dark Fiber Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Dark Fiber Market Overview
10.4.2 Middle East and Africa Dark Fiber Market Forecasts and Analysis
10.4.3 Middle East and Africa Dark Fiber Market Forecasts and Analysis - By Fiber Type
10.4.4 Middle East and Africa Dark Fiber Market Forecasts and Analysis - By Network Type
10.4.5 Middle East and Africa Dark Fiber Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Dark Fiber Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Dark Fiber Market
10.4.6.1.1 South Africa Dark Fiber Market by Fiber Type
10.4.6.1.2 South Africa Dark Fiber Market by Network Type
10.4.6.1.3 South Africa Dark Fiber Market by Application
10.4.6.2 Saudi Arabia Dark Fiber Market
10.4.6.2.1 Saudi Arabia Dark Fiber Market by Fiber Type
10.4.6.2.2 Saudi Arabia Dark Fiber Market by Network Type
10.4.6.2.3 Saudi Arabia Dark Fiber Market by Application
10.4.6.3 U.A.E Dark Fiber Market
10.4.6.3.1 U.A.E Dark Fiber Market by Fiber Type
10.4.6.3.2 U.A.E Dark Fiber Market by Network Type
10.4.6.3.3 U.A.E Dark Fiber Market by Application
10.4.6.4 Rest of Middle East and Africa Dark Fiber Market
10.4.6.4.1 Rest of Middle East and Africa Dark Fiber Market by Fiber Type
10.4.6.4.2 Rest of Middle East and Africa Dark Fiber Market by Network Type
10.4.6.4.3 Rest of Middle East and Africa Dark Fiber Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Dark Fiber Market Overview
10.5.2 South and Central America Dark Fiber Market Forecasts and Analysis
10.5.3 South and Central America Dark Fiber Market Forecasts and Analysis - By Fiber Type
10.5.4 South and Central America Dark Fiber Market Forecasts and Analysis - By Network Type
10.5.5 South and Central America Dark Fiber Market Forecasts and Analysis - By Application
10.5.6 South and Central America Dark Fiber Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Dark Fiber Market
10.5.6.1.1 Brazil Dark Fiber Market by Fiber Type
10.5.6.1.2 Brazil Dark Fiber Market by Network Type
10.5.6.1.3 Brazil Dark Fiber Market by Application
10.5.6.2 Argentina Dark Fiber Market
10.5.6.2.1 Argentina Dark Fiber Market by Fiber Type
10.5.6.2.2 Argentina Dark Fiber Market by Network Type
10.5.6.2.3 Argentina Dark Fiber Market by Application
10.5.6.3 Rest of South and Central America Dark Fiber Market
10.5.6.3.1 Rest of South and Central America Dark Fiber Market by Fiber Type
10.5.6.3.2 Rest of South and Central America Dark Fiber Market by Network Type
10.5.6.3.3 Rest of South and Central America Dark Fiber Market by Application
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. DARK FIBER MARKET, KEY COMPANY PROFILES
12.1. CENTURYLINK
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. COLOGIX
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. COLT TECHNOLOGY SERVICES GROUP LIMITED
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. CROWN CASTLE
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. DEPL
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. FIRSTLIGHT
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. GTT COMMUNICATIONS, INC.
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. VERIZON PARTNER SOLUTIONS
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. WINDSTREAM SERVICES, LLC
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. ZAYO GROUP, LLC.
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
The List of Companies
1. CenturyLink
2. Cologix
3. Colt Technology Services Group Limited
4. Crown Castle
5. DEPL
6. FirstLight
7. GTT Communications, Inc.
8. Verizon Partner Solutions
9. Windstream Services, LLC
10. Zayo Group, LLC.
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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