The DevOps Market is expected to register a CAGR of 18.7% 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 Component (Solutions, Services(Professional Services, Managed Services)); Organization Size (SMEs, Large Enterprises); Application (Data Management and Operation, Data Retention and Recovery, Others); End User (BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Others); Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South and Central America).
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
The report DevOps 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.
DevOps Market Segmentation
Component- Solutions
- Services
- SMEs
- Large Enterprises
- Data Management and Operation
- Data Retention and Recovery
- Others
- BFSI
- Government
- Healthcare
- IT and Telecom
- Manufacturing
- Others
Strategic Insights
DevOps Market Growth Drivers- Increasing Demand for Agile Development Practices: The shift towards agile methodologies in software development is a significant driver of the DevOps market. Organizations are recognizing the need for faster delivery of software products to remain competitive in today's fast-paced digital landscape. DevOps practices promote collaboration between development and operations teams, enabling quicker releases and more frequent updates. This alignment facilitates continuous integration and continuous delivery (CI/CD), allowing organizations to respond rapidly to market changes and customer feedback. The growing adoption of agile practices is thus fueling the demand for DevOps solutions.
- Need for Improved Collaboration and Communication: As organizations strive to break down silos between development and operations teams, there is a growing emphasis on fostering collaboration and communication. Traditional development processes often lead to misalignment and inefficiencies due to the separation of roles. DevOps aims to create a culture of collaboration, encouraging teams to work together throughout the software development lifecycle. By adopting DevOps practices and tools, organizations can enhance communication, streamline workflows, and improve overall productivity. This need for better collaboration is a key driver of the DevOps market.
- Rise of Artificial Intelligence and Machine Learning: The integration of artificial intelligence (AI) and machine learning (ML) technologies into DevOps practices is a notable trend shaping the market. AI and ML can enhance various aspects of the DevOps lifecycle, including predictive analytics for performance monitoring, automated testing, and intelligent resource allocation. By leveraging AI-driven insights, organizations can optimize their workflows, identify potential issues before they escalate, and improve overall efficiency in software development and operations. This trend is driving innovation in DevOps tools and practices.
- Continuous Integration and Continuous Delivery (CI/CD): CI/CD is a cornerstone of modern DevOps practices. CI ensures that code is continuously integrated and tested, while CD automates the deployment of code to production environments. These practices help speed up software releases by reducing manual processes and enabling frequent, reliable updates. CI/CD pipelines ensure better collaboration between development and operations teams, quicker feedback loops, and more reliable software delivery, which ultimately improves overall customer satisfaction.
- Expansion of Cloud-Based DevOps Solutions: The rise of cloud computing presents significant opportunities for the DevOps market. Cloud-based DevOps solutions enable organizations to leverage scalable infrastructure, facilitate collaboration among distributed teams, and streamline development processes. With the increasing adoption of cloud services, organizations are seeking integrated DevOps tools that can seamlessly operate in cloud environments. Vendors that offer cloud-native DevOps solutions can capitalize on this trend, providing organizations with the flexibility and scalability they need for modern software development.
- Growth of DevSecOps: The integration of security practices into the DevOps process, known as DevSecOps, is an emerging opportunity in the market. As cyber threats continue to grow, organizations are prioritizing security throughout the software development lifecycle. DevSecOps emphasizes the incorporation of security measures from the initial stages of development, ensuring that security is a shared responsibility among development, operations, and security teams. By providing tools and frameworks that support DevSecOps practices, vendors can meet the increasing demand for secure software development and deployment.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the DevOps 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 DevOps 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.
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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
- 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
This text is related
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
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
Rise of Artificial Intelligence and Machine Learning is anticipated to play a significant role in the global DevOps Market in the coming years
Increasing Demand for Agile Development Practices and Need for Improved Collaboration and Communication are the major factors driving the DevOps Market
The DevOps Market is estimated to witness a CAGR of 18.7% 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 DevOps Market - By Type
1.3.2 DevOps Market - By Deployment Model
1.3.3 DevOps Market - By Organization Size
1.3.4 DevOps Market - By Vertical
1.3.5 DevOps Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. DEVOPS 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. DEVOPS 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. DEVOPS MARKET - GLOBAL MARKET ANALYSIS
6.1. DEVOPS - GLOBAL MARKET OVERVIEW
6.2. DEVOPS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DEVOPS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE 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. DEVOPS MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT MODEL
8.1. OVERVIEW
8.2. DEPLOYMENT MODEL MARKET FORECASTS AND ANALYSIS
8.3. PUBLIC
8.3.1. Overview
8.3.2. Public Market Forecast and Analysis
8.4. PRIVATE
8.4.1. Overview
8.4.2. Private Market Forecast and Analysis
8.5. HYBRID
8.5.1. Overview
8.5.2. Hybrid Market Forecast and Analysis
9. DEVOPS MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
9.1. OVERVIEW
9.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
10. DEVOPS MARKET - REVENUE AND FORECASTS TO 2028 - VERTICAL
10.1. OVERVIEW
10.2. VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. HEALTHCARE
10.3.1. Overview
10.3.2. Healthcare Market Forecast and Analysis
10.4. TELECOMMUNICATIONS AND ITES
10.4.1. Overview
10.4.2. Telecommunications and ITES Market Forecast and Analysis
10.5. MANUFACTURING
10.5.1. Overview
10.5.2. Manufacturing Market Forecast and Analysis
10.6. MANUFACTURING
10.6.1. Overview
10.6.2. Manufacturing Market Forecast and Analysis
11. DEVOPS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America DevOps Market Overview
11.1.2 North America DevOps Market Forecasts and Analysis
11.1.3 North America DevOps Market Forecasts and Analysis - By Type
11.1.4 North America DevOps Market Forecasts and Analysis - By Deployment Model
11.1.5 North America DevOps Market Forecasts and Analysis - By Organization Size
11.1.6 North America DevOps Market Forecasts and Analysis - By Vertical
11.1.7 North America DevOps Market Forecasts and Analysis - By Countries
11.1.7.1 United States DevOps Market
11.1.7.1.1 United States DevOps Market by Type
11.1.7.1.2 United States DevOps Market by Deployment Model
11.1.7.1.3 United States DevOps Market by Organization Size
11.1.7.1.4 United States DevOps Market by Vertical
11.1.7.2 Canada DevOps Market
11.1.7.2.1 Canada DevOps Market by Type
11.1.7.2.2 Canada DevOps Market by Deployment Model
11.1.7.2.3 Canada DevOps Market by Organization Size
11.1.7.2.4 Canada DevOps Market by Vertical
11.1.7.3 Mexico DevOps Market
11.1.7.3.1 Mexico DevOps Market by Type
11.1.7.3.2 Mexico DevOps Market by Deployment Model
11.1.7.3.3 Mexico DevOps Market by Organization Size
11.1.7.3.4 Mexico DevOps Market by Vertical
11.2. EUROPE
11.2.1 Europe DevOps Market Overview
11.2.2 Europe DevOps Market Forecasts and Analysis
11.2.3 Europe DevOps Market Forecasts and Analysis - By Type
11.2.4 Europe DevOps Market Forecasts and Analysis - By Deployment Model
11.2.5 Europe DevOps Market Forecasts and Analysis - By Organization Size
11.2.6 Europe DevOps Market Forecasts and Analysis - By Vertical
11.2.7 Europe DevOps Market Forecasts and Analysis - By Countries
11.2.7.1 Germany DevOps Market
11.2.7.1.1 Germany DevOps Market by Type
11.2.7.1.2 Germany DevOps Market by Deployment Model
11.2.7.1.3 Germany DevOps Market by Organization Size
11.2.7.1.4 Germany DevOps Market by Vertical
11.2.7.2 France DevOps Market
11.2.7.2.1 France DevOps Market by Type
11.2.7.2.2 France DevOps Market by Deployment Model
11.2.7.2.3 France DevOps Market by Organization Size
11.2.7.2.4 France DevOps Market by Vertical
11.2.7.3 Italy DevOps Market
11.2.7.3.1 Italy DevOps Market by Type
11.2.7.3.2 Italy DevOps Market by Deployment Model
11.2.7.3.3 Italy DevOps Market by Organization Size
11.2.7.3.4 Italy DevOps Market by Vertical
11.2.7.4 United Kingdom DevOps Market
11.2.7.4.1 United Kingdom DevOps Market by Type
11.2.7.4.2 United Kingdom DevOps Market by Deployment Model
11.2.7.4.3 United Kingdom DevOps Market by Organization Size
11.2.7.4.4 United Kingdom DevOps Market by Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific DevOps Market Overview
11.3.2 Asia-Pacific DevOps Market Forecasts and Analysis
11.3.3 Asia-Pacific DevOps Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific DevOps Market Forecasts and Analysis - By Deployment Model
11.3.5 Asia-Pacific DevOps Market Forecasts and Analysis - By Organization Size
11.3.6 Asia-Pacific DevOps Market Forecasts and Analysis - By Vertical
11.3.7 Asia-Pacific DevOps Market Forecasts and Analysis - By Countries
11.3.7.1 Australia DevOps Market
11.3.7.1.1 Australia DevOps Market by Type
11.3.7.1.2 Australia DevOps Market by Deployment Model
11.3.7.1.3 Australia DevOps Market by Organization Size
11.3.7.1.4 Australia DevOps Market by Vertical
11.3.7.2 China DevOps Market
11.3.7.2.1 China DevOps Market by Type
11.3.7.2.2 China DevOps Market by Deployment Model
11.3.7.2.3 China DevOps Market by Organization Size
11.3.7.2.4 China DevOps Market by Vertical
11.3.7.3 India DevOps Market
11.3.7.3.1 India DevOps Market by Type
11.3.7.3.2 India DevOps Market by Deployment Model
11.3.7.3.3 India DevOps Market by Organization Size
11.3.7.3.4 India DevOps Market by Vertical
11.3.7.4 Japan DevOps Market
11.3.7.4.1 Japan DevOps Market by Type
11.3.7.4.2 Japan DevOps Market by Deployment Model
11.3.7.4.3 Japan DevOps Market by Organization Size
11.3.7.4.4 Japan DevOps Market by Vertical
11.3.7.5 South Korea DevOps Market
11.3.7.5.1 South Korea DevOps Market by Type
11.3.7.5.2 South Korea DevOps Market by Deployment Model
11.3.7.5.3 South Korea DevOps Market by Organization Size
11.3.7.5.4 South Korea DevOps Market by Vertical
11.3.7.6 Rest of Asia-Pacific DevOps Market
11.3.7.6.1 Rest of Asia-Pacific DevOps Market by Type
11.3.7.6.2 Rest of Asia-Pacific DevOps Market by Deployment Model
11.3.7.6.3 Rest of Asia-Pacific DevOps Market by Organization Size
11.3.7.6.4 Rest of Asia-Pacific DevOps Market by Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa DevOps Market Overview
11.4.2 Middle East and Africa DevOps Market Forecasts and Analysis
11.4.3 Middle East and Africa DevOps Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa DevOps Market Forecasts and Analysis - By Deployment Model
11.4.5 Middle East and Africa DevOps Market Forecasts and Analysis - By Organization Size
11.4.6 Middle East and Africa DevOps Market Forecasts and Analysis - By Vertical
11.4.7 Middle East and Africa DevOps Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa DevOps Market
11.4.7.1.1 South Africa DevOps Market by Type
11.4.7.1.2 South Africa DevOps Market by Deployment Model
11.4.7.1.3 South Africa DevOps Market by Organization Size
11.4.7.1.4 South Africa DevOps Market by Vertical
11.4.7.2 Saudi Arabia DevOps Market
11.4.7.2.1 Saudi Arabia DevOps Market by Type
11.4.7.2.2 Saudi Arabia DevOps Market by Deployment Model
11.4.7.2.3 Saudi Arabia DevOps Market by Organization Size
11.4.7.2.4 Saudi Arabia DevOps Market by Vertical
11.4.7.3 U.A.E DevOps Market
11.4.7.3.1 U.A.E DevOps Market by Type
11.4.7.3.2 U.A.E DevOps Market by Deployment Model
11.4.7.3.3 U.A.E DevOps Market by Organization Size
11.4.7.3.4 U.A.E DevOps Market by Vertical
11.4.7.4 Rest of Middle East and Africa DevOps Market
11.4.7.4.1 Rest of Middle East and Africa DevOps Market by Type
11.4.7.4.2 Rest of Middle East and Africa DevOps Market by Deployment Model
11.4.7.4.3 Rest of Middle East and Africa DevOps Market by Organization Size
11.4.7.4.4 Rest of Middle East and Africa DevOps Market by Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America DevOps Market Overview
11.5.2 South and Central America DevOps Market Forecasts and Analysis
11.5.3 South and Central America DevOps Market Forecasts and Analysis - By Type
11.5.4 South and Central America DevOps Market Forecasts and Analysis - By Deployment Model
11.5.5 South and Central America DevOps Market Forecasts and Analysis - By Organization Size
11.5.6 South and Central America DevOps Market Forecasts and Analysis - By Vertical
11.5.7 South and Central America DevOps Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil DevOps Market
11.5.7.1.1 Brazil DevOps Market by Type
11.5.7.1.2 Brazil DevOps Market by Deployment Model
11.5.7.1.3 Brazil DevOps Market by Organization Size
11.5.7.1.4 Brazil DevOps Market by Vertical
11.5.7.2 Argentina DevOps Market
11.5.7.2.1 Argentina DevOps Market by Type
11.5.7.2.2 Argentina DevOps Market by Deployment Model
11.5.7.2.3 Argentina DevOps Market by Organization Size
11.5.7.2.4 Argentina DevOps Market by Vertical
11.5.7.3 Rest of South and Central America DevOps Market
11.5.7.3.1 Rest of South and Central America DevOps Market by Type
11.5.7.3.2 Rest of South and Central America DevOps Market by Deployment Model
11.5.7.3.3 Rest of South and Central America DevOps Market by Organization Size
11.5.7.3.4 Rest of South and Central America DevOps Market by 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. DEVOPS MARKET, KEY COMPANY PROFILES
13.1. ATLASSIAN
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. AWS
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. CA TECHNOLOGIES
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. GOOGLE
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. IBM
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. MICRO FOCUS
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. MICROSOFT
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. ORACLE
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. PUPPET
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. RED HAT
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. Atlassian
2. AWS
3. CA Technologies
4. Google
5. IBM
6. Micro Focus
7. Microsoft
8. Oracle
9. Puppet
10. Red Hat
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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