Data Resiliency Market Size and Share: 2031 Key Findings
The data resiliency market is expected to register a CAGR of 15.3% during 2023–2031. Growing emphasis on operational excellence and data quality management solutions is likely to remain a key trend in the market.
Data Resiliency Market Analysis
- The data resiliency market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The data resiliency market is growing owing to factors such as the rising number of cyberattacks, increasing volume of data generated from various sources, increasing concerns regarding data safety and security, and rising adoption of cloud-based data backup and recovery solutions.
- Integration with advanced technologies such as AI and ML to provide lucrative opportunities for the data resiliency market.
Data Resiliency Market Overview
- The ability of an organization to safeguard, restore, and preserve its data in the face of unforeseen circumstances or disruptions is known as data resilience.
- Events such as cyberattacks, software bugs, hardware malfunctions, natural calamities, or human mistakes can be included in this category.
- A robust data infrastructure is made to guard against data loss, reduce downtime, and bounce back fast from unfavorable events.
- Data resilience has several advantages. It lowers downtime, boosts dependability, and offers protection against data loss. Organizations can strengthen business continuity planning and their capacity for disaster recovery by putting in place efficient data resiliency strategies.
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Data Resiliency Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Data Resiliency Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Data Resiliency Market Drivers and Opportunities
Rising Number Of Cyberattacks to Favor Market
- Businesses are facing continuous threat of cybercrimes, as they have grown more widespread in recent years.
- According to OneLogin, between 2021 and 2021, cyberattacks in the US increased by 139% as the country registered a staggering 145.2 million cases in Q3 2021. Malware attacks increased by 358% in 2021 when compared to 2021.
- Similarly, according to the Clusit Report, cyberattacks across the globe have increased by 10% in 2021 when compared to the previous year. For instance, according to AAG, the UK had the highest figure of cybercrime victims per million internet users (4,783 users) in 2022, an increase of 40% over 2021 figures.
- The average cost of a cyber breach was US$ 4.35 million in 2022, and it is predicted that this value is expected to reach US$ 10.5 trillion by 2031.
- The loss or unavailability of critical data can have serious consequences, such as monetary loss, harm to one's reputation, and even legal responsibilities. Thus, maintaining data resiliency is crucial for organizations as cyberattacks become more sophisticated.
Integration with Advanced Technologies Such as AI and ML
- Artificial intelligence (AI) and machine learning (ML) are being used more and more in the development of new data resiliency technologies and tactics.
- These technologies assist in identifying more sophisticated attacks, revealing concealed data anomalies, and automating several data resilience tasks.
- With the use of these technologies, organizations may more effectively detect and counteract possible risks to data integrity, perform backup and recovery procedures more quickly, and use more clever data classification and lifecycle management techniques.
- Artificial intelligence (AI) enables systems to identify abnormalities more effectively, react in real-time to changing security threats, and provide self-healing processes. Businesses may enhance disaster recovery planning, create customized resilience plans, and optimize data compression and storage methods by utilizing machine learning algorithms.
Data Resiliency Market Report Segmentation Analysis
Key segments that contributed to the derivation of the data resiliency market analysis are component, deployment, enterprise size, and end user.
- By component, the market is bifurcated into solutions and services.
- By deployment, the market is bifurcated into cloud and on-premises.
- 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 IT & telecom, retail & e-commerce, BFSI, healthcare & life sciences, and others.
Data Resiliency Market Share Analysis by Geography
- The data resiliency 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 data resiliency 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 data resiliency market in these regions.
Data Resiliency Market Report Scope
Data Resiliency Market News and Recent Developments
The data resiliency 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 data resiliency market are listed below:
- Veeam Software announced the next generation of Veeam Data Cloud for Microsoft 365 with the new capabilities offered by Microsoft 365 Backup Storage. Veeam Data Cloud, which is built on Microsoft Azure, provides backup-as-a-service (BaaS) for Microsoft 365, enabling data resilience and leveraging powerful data protection and security technology within a simple, seamless user experience. (Veeam Software, Press Release, August 2024)
- Veritas Technologies announced artificial intelligence (AI)--powered advancements in Veritas 360 Defense. With the industry’s first self-defending data protection solution, a generative AI-powered operational copilot, and new ecosystem partners, organizations can more rapidly recover from ransomware attacks. (Veritas Technologies, Press Release, April 2024)
- Kyndryl, the world’s largest IT infrastructure services provider, announced a global strategic alliance and new Kyndryl services with Rubrik, the Zero Trust Data Security Company, to launch new cyber resiliency services, enhancing data security and recovery for healthcare and finance industry organizations across industries, such as healthcare, banking, and education.
Data Resiliency Market Report Coverage and Deliverables
The “Data Resiliency Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Data resiliency market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Data resiliency market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Data resiliency 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 data resiliency 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
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
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.
Growing emphasis on operational excellence and data quality management solutions is anticipated to play a significant role in the global data resiliency market in the coming years.
The leading players operating in the data resiliency market are Acronis International GmbH; Asigra Inc.; Open Text Corporation; CenturyLink; Commvault; IBM; Microsoft; NetApp; Quest Software Inc.; and Unitrends.
The global data resiliency market is expected to grow at a CAGR of 15.3% during the forecast period 2024 - 2031.
The rising number of cyberattacks, increasing volume of data generated from various sources, increasing concerns regarding data safety and security, and rising adoption of cloud-based data backup and recovery solutions are the major factors driving the data resiliency 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 Data Resiliency Market - By Components
1.3.2 Data Resiliency Market - By Enterprise Size
1.3.3 Data Resiliency Market - By Deployment Type
1.3.4 Data Resiliency Market - By Industry Vertical
1.3.5 Data Resiliency Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. DATA RESILIENCY 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
5. DATA RESILIENCY 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. DATA RESILIENCY MARKET - GLOBAL MARKET ANALYSIS
6.1. DATA RESILIENCY - GLOBAL MARKET OVERVIEW
6.2. DATA RESILIENCY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DATA RESILIENCY MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENTS
7.1. OVERVIEW
7.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
7.3. SOLUTIONS
7.3.1. Overview
7.3.2. Solutions Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. DATA RESILIENCY MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. LARGE ENTERPRISE
8.3.1. Overview
8.3.2. Large Enterprise Market Forecast and Analysis
8.4. SMALL AND MEDIUM ENTERPRISE
8.4.1. Overview
8.4.2. Small and Medium Enterprise Market Forecast and Analysis
9. DATA RESILIENCY MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
9.1. OVERVIEW
9.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISE
9.3.1. Overview
9.3.2. On-premise Market Forecast and Analysis
9.4. CLOUD
9.4.1. Overview
9.4.2. Cloud Market Forecast and Analysis
10. DATA RESILIENCY 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. IT AND TELECOM
10.4.1. Overview
10.4.2. IT and Telecom Market Forecast and Analysis
10.5. RETAIL
10.5.1. Overview
10.5.2. Retail Market Forecast and Analysis
10.6. MANUFACTURING
10.6.1. Overview
10.6.2. Manufacturing Market Forecast and Analysis
10.7. MEDIA AND ENTERTAINMENT
10.7.1. Overview
10.7.2. Media and Entertainment Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. DATA RESILIENCY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Data Resiliency Market Overview
11.1.2 North America Data Resiliency Market Forecasts and Analysis
11.1.3 North America Market Forecasts and Analysis - By Components
11.1.4 North America Market Forecasts and Analysis - By Enterprise Size
11.1.5 North America Market Forecasts and Analysis - By Deployment Type
11.1.6 North America Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Market Forecasts and Analysis - By Countries
11.1.7.1 United States Market
11.1.7.1.1 United States Market by Components
11.1.7.1.2 United States Market by Enterprise Size
11.1.7.1.3 United States Market by Deployment Type
11.1.7.1.4 United States Market by Industry Vertical
11.1.7.2 Canada Market
11.1.7.2.1 Canada Market by Components
11.1.7.2.2 Canada Market by Enterprise Size
11.1.7.2.3 Canada Market by Deployment Type
11.1.7.2.4 Canada Market by Industry Vertical
11.1.7.3 Mexico Market
11.1.7.3.1 Mexico Market by Components
11.1.7.3.2 Mexico Market by Enterprise Size
11.1.7.3.3 Mexico Market by Deployment Type
11.1.7.3.4 Mexico Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Data Resiliency Market Overview
11.2.2 Europe Data Resiliency Market Forecasts and Analysis
11.2.3 Europe Market Forecasts and Analysis - By Components
11.2.4 Europe Market Forecasts and Analysis - By Enterprise Size
11.2.5 Europe Market Forecasts and Analysis - By Deployment Type
11.2.6 Europe Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Market
11.2.7.1.1 Germany Market by Components
11.2.7.1.2 Germany Market by Enterprise Size
11.2.7.1.3 Germany Market by Deployment Type
11.2.7.1.4 Germany Market by Industry Vertical
11.2.7.2 France Market
11.2.7.2.1 France Market by Components
11.2.7.2.2 France Market by Enterprise Size
11.2.7.2.3 France Market by Deployment Type
11.2.7.2.4 France Market by Industry Vertical
11.2.7.3 Italy Market
11.2.7.3.1 Italy Market by Components
11.2.7.3.2 Italy Market by Enterprise Size
11.2.7.3.3 Italy Market by Deployment Type
11.2.7.3.4 Italy Market by Industry Vertical
11.2.7.4 United Kingdom Market
11.2.7.4.1 United Kingdom Market by components
11.2.7.4.2 United Kingdom Market by Enterprise Size
11.2.7.4.3 United Kingdom Market by Deployment Type
11.2.7.4.4 United Kingdom Market by Industry Vertical
11.2.7.5 Russia Market
11.2.7.5.1 Russia Market by components
11.2.7.5.2 Russia Market by Enterprise Size
11.2.7.5.3 Russia Market by Deployment Type
11.2.7.5.4 Russia Market by Industry Vertical
11.2.7.6 Rest of Europe Market
11.2.7.6.1 Rest of Europe Market by components
11.2.7.6.2 Rest of Europe Market by Enterprise Size
11.2.7.6.3 Rest of Europe Market by Deployment Type
11.2.7.6.4 Rest of Europe Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Data Resiliency Market Overview
11.3.2 Asia-Pacific Data Resiliency Market Forecasts and Analysis
11.3.3 Asia-Pacific Market Forecasts and Analysis - By Components
11.3.4 Asia-Pacific Market Forecasts and Analysis - By Enterprise Size
11.3.5 Asia-Pacific Market Forecasts and Analysis - By Deployment Type
11.3.6 Asia-Pacific Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Market
11.3.7.1.1 Australia Market by Components
11.3.7.1.2 Australia Market by Enterprise Size
11.3.7.1.3 Australia Market by Deployment Type
11.3.7.1.4 Australia Market by Industry Vertical
11.3.7.2 China Market
11.3.7.2.1 China Market by Components
11.3.7.2.2 China Market by Enterprise Size
11.3.7.2.3 China Market by Deployment Type
11.3.7.2.4 China Market by Industry Vertical
11.3.7.3 India Market
11.3.7.3.1 India Market by Components
11.3.7.3.2 India Market by Enterprise Size
11.3.7.3.3 India Market by Deployment Type
11.3.7.3.4 India Market by Industry Vertical
11.3.7.4 Japan Market
11.3.7.4.1 Japan Market by Components
11.3.7.4.2 Japan Market by Enterprise Size
11.3.7.4.3 Japan Market by Deployment Type
11.3.7.4.4 Japan Market by Industry Vertical
11.3.7.5 South Korea Market
11.3.7.5.1 South Korea Market by Components
11.3.7.5.2 South Korea Market by Enterprise Size
11.3.7.5.3 South Korea Market by Deployment Type
11.3.7.5.4 South Korea Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Market
11.3.7.6.1 Rest of Asia-Pacific Market by Components
11.3.7.6.2 Rest of Asia-Pacific Market by Enterprise Size
11.3.7.6.3 Rest of Asia-Pacific Market by Deployment Type
11.3.7.6.4 Rest of Asia-Pacific Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Data Resiliency Market Overview
11.4.2 Middle East and Africa Data Resiliency Market Forecasts and Analysis
11.4.3 Middle East and Africa Market Forecasts and Analysis - By Components
11.4.4 Middle East and Africa Market Forecasts and Analysis - By Enterprise Size
11.4.5 Middle East and Africa Market Forecasts and Analysis - By Deployment Type
11.4.6 Middle East and Africa Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Market
11.4.7.1.1 South Africa Market by Components
11.4.7.1.2 South Africa Market by Enterprise Size
11.4.7.1.3 South Africa Market by Deployment Type
11.4.7.1.4 South Africa Market by Industry Vertical
11.4.7.2 Saudi Arabia Market
11.4.7.2.1 Saudi Arabia Market by Components
11.4.7.2.2 Saudi Arabia Market by Enterprise Size
11.4.7.2.3 Saudi Arabia Market by Deployment Type
11.4.7.2.4 Saudi Arabia Market by Industry Vertical
11.4.7.3 U.A.E Market
11.4.7.3.1 U.A.E Market by Components
11.4.7.3.2 U.A.E Market by Enterprise Size
11.4.7.3.3 U.A.E Market by Deployment Type
11.4.7.3.4 U.A.E Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Market
11.4.7.4.1 Rest of Middle East and Africa Market by Components
11.4.7.4.2 Rest of Middle East and Africa Market by Enterprise Size
11.4.7.4.3 Rest of Middle East and Africa Market by Deployment Type
11.4.7.4.4 Rest of Middle East and Africa Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Data Resiliency Market Overview
11.5.2 South and Central America Data Resiliency Market Forecasts and Analysis
11.5.3 South and Central America Market Forecasts and Analysis - By Components
11.5.4 South and Central America Market Forecasts and Analysis - By Enterprise Size
11.5.5 South and Central America Market Forecasts and Analysis - By Deployment Type
11.5.6 South and Central America Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Market
11.5.7.1.1 Brazil Market by Components
11.5.7.1.2 Brazil Market by Enterprise Size
11.5.7.1.3 Brazil Market by Deployment Type
11.5.7.1.4 Brazil Market by Industry Vertical
11.5.7.2 Argentina Market
11.5.7.2.1 Argentina Market by Components
11.5.7.2.2 Argentina Market by Enterprise Size
11.5.7.2.3 Argentina Market by Deployment Type
11.5.7.2.4 Argentina Market by Industry Vertical
11.5.7.3 Rest of South and Central America Market
11.5.7.3.1 Rest of South and Central America Market by Components
11.5.7.3.2 Rest of South and Central America Market by Enterprise Size
11.5.7.3.3 Rest of South and Central America Market by Deployment Type
11.5.7.3.4 Rest of South and Central America 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. DATA RESILIENCY MARKET, KEY COMPANY PROFILES
13.1. ACRONIS
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. CA TECHNOLOGIES
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. CENTURY LINK
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
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. MICRO FOCUS
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. MICROSOFT
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. NETAPP
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. QUEST SOFTWARE
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. VERITAS TECHNOLOGIES
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. VMWARE
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
The List of Companies
1. ACRONIS
2. CA TECHNOLOGIES
3. CENTURY LINK
4. IBM
5. MICRO FOCUS
6. MICROSOFT
7. NETAPP
8. QUEST SOFTWARE
9. VERITAS TECHNOLOGIES
10. VMWARE
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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