DevOps Tool Market Strategies and Share 2031
The DevOps tool market is expected to register a CAGR of 21.5% during 2023–2031. The rise of containerization and microservices architecture and the shift towards serverless computing are likely to remain key trends in the market.
DevOps Tool Market Analysis
- Because DevOps tools are designed to accelerate software development and deployment, adoption is increasing, and leaders in every sector are investing heavily in DevOps tools.
- Large enterprises are the clear leaders, many having already rolled out end-to-end DevOps toolchains.
- Mid-market companies are catching up fast. Leading tools range from version control systems to CI/CD (continuous integration/continuous deployment) platforms to containerization technologies to monitoring tools.
- Cloud-native DevOps tools are taking off, too, as the broader trend of cloud computing continues. Adoption varies, with some organizations still new to DevOps or lagging in aspects of cultural shift or integration.
DevOps Tool Market Overview
- The DevOps market is witnessing strong growth thanks to increasing digitalization initiatives to transform enterprises and address the challenge of constant evolution in technology with a need to quickly deliver software with ease.
- Spanning a suite of tools and platforms for automation, collaboration, and continuous integration/delivery, numerous tech majors and startups are stepping into the space. North America leads in adoption, but Asia-Pacific follows with rapid growth. Cloud platforms are in growing demand. The market has seen challenges concerning skills gaps and challenges surrounding organizational resistance when deploying DevOps, but the transformation is going to go a long way.
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DevOps Tool Market: Strategic Insights
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DevOps Tool Market: Strategic Insights
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DevOps Tool Market Drivers and Opportunities
Need for Faster Software Development Cycles to Favor the Market
- One key driver of the DevOps tools market is the demand for software development lifecycles to become faster in an environment where digital systems are changing rapidly. These critical systems are supposed to drive competitiveness and bring new services and products into the market that can address customer demand and new possibilities made available by technology.
- This speed demand arises from a desire to be quick and responsive to changing market, customer, and technical requirements, and DevOps tools can accelerate software development by automating parts of the software development lifecycle, facilitating the so-called continuous integration and continuous delivery (CI/CD)
- Through automation, simplification, optimization of processes, and reduction of manual errors, DevOps tools enable organizations to speed up software development and deployment of more stable software systems, making businesses more agile, able to iterate faster, bring their products and services to the market faster, and raise the level of competitiveness, which in turn triggers more sales and more business. Hence, the demand for a faster software development lifecycle contributes to the growth and innovation of the DevOps tools market.
Integration of AI and machine learning capabilities
- Integration with AI and machine learning capabilities is enabling DevOps tool providers to capitalize on the automation, decision-making, and predictive capabilities embedded in these technologies.
- Tools that incorporate AI and ML capabilities can automate many complex tasks, predict system failures, identify and maximize resource utilization, improve the quality and effectiveness of security guardrails, and provide intelligent alerts and insights on what to do next.
- DevOps tools can offer more sophisticated functionalities such as predictive maintenance, smarter testing, and better capacity planning. Not only will such integration drive the efficiency and effectiveness of DevOps processes, but it also helps vendors stand out from the numerous alternative tool providers through differentiation.
DevOps Tool Market Report Segmentation Analysis
Key segments that contributed to the derivation of the DevOps tool market analysis are product type, deployment type, and application.
- Based on product type, the DevOps tool market is divided into DevOps capable, DevOps ready, and DevOps enabled.
- Based on deployment type, the DevOps tool market is divided into on-premises and cloud. BFSI, IT and Telecom, Retail, Others
- Based on the application, the DevOps tool market is divided into BFSI, IT and telecom, retail, and others.
DevOps Tool Market Share Analysis by Geography
- DevOps Tool 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 DevOps Tool 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 DevOps Tool market in these regions.
DevOps Tool Market Report Scope
DevOps Tool Market News and Recent Developments
The DevOps tool 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 DevOps tool market are listed below:
- Appdome announced it has integrated its Cyber Defense Automation Platform with a cloud-based service from Microsoft Azure DevOps that provides continuous integration and continuous delivery (CI/CD) capabilities, allowing teams to automate the build, test, and deployment of their applications. Azure DevOps is now part of the Appdome Dev2Cyber Agility Partner Initiative to advance the delivery of secure mobile apps globally. With this new integration, Azure Pipelines users can leverage Appdome’s configuration-as-code easily from inside Azure Pipelines and build any of Appdome’s security, anti-fraud, anti-malware, anti-cheat, and other cyber defenses into Android and iOS apps. (Source: Appdome, Press Release, July 2023)
DevOps Tool Market Report Coverage and Deliverables
The “DevOps Tool Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- DevOps tool market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- DevOps tool market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- DevOps tool 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 DevOps tool 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 request are 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 an Excel dataset based on the request.
The leading players operating in the DevOps tool market are HPE Company, CA Technologies Inc., Chef, Inc., Cisco Systems, Inc., Docker, Inc., IBM Corporation, Microsoft Corporation, Puppet Labs, Inc., and Red Hat, Inc.
The rise of containerization and microservices architecture and the shift towards serverless computing are likely to remain key trends in the market.
The global DevOps Tool market is expected to grow at a CAGR of 21.5% during the forecast period 2023 - 2031.
Digital transformation initiatives and the need for faster software development cycles are expected to drive the DevOps tool 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 Devops Tool Market - By Product Type
1.3.2 Devops Tool Market - By Deployment Type
1.3.3 Devops Tool Market - By Application
1.3.4 Devops Tool Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DEVOPS TOOL 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 TOOL 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. DEVOPS TOOL MARKET - GLOBAL MARKET ANALYSIS
6.1. DEVOPS TOOL - GLOBAL MARKET OVERVIEW
6.2. DEVOPS TOOL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DEVOPS TOOL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. DEVOPS CAPABLE
7.3.1. Overview
7.3.2. DevOps Capable Market Forecast and Analysis
7.4. DEVOPS READY
7.4.1. Overview
7.4.2. DevOps Ready Market Forecast and Analysis
7.5. DEVOPS ENABLED
7.5.1. Overview
7.5.2. DevOps Enabled Market Forecast and Analysis
8. DEVOPS TOOL MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
8.1. OVERVIEW
8.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISES
8.3.1. Overview
8.3.2. On-Premises Market Forecast and Analysis
8.4. CLOUD
8.4.1. Overview
8.4.2. Cloud Market Forecast and Analysis
9. DEVOPS TOOL 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. IT AND TELECOM
9.4.1. Overview
9.4.2. IT and Telecom Market Forecast and Analysis
9.5. RETAIL
9.5.1. Overview
9.5.2. Retail Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. DEVOPS TOOL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Devops Tool Market Overview
10.1.2 North America Devops Tool Market Forecasts and Analysis
10.1.3 North America Devops Tool Market Forecasts and Analysis - By Product Type
10.1.4 North America Devops Tool Market Forecasts and Analysis - By Deployment Type
10.1.5 North America Devops Tool Market Forecasts and Analysis - By Application
10.1.6 North America Devops Tool Market Forecasts and Analysis - By Countries
10.1.6.1 United States Devops Tool Market
10.1.6.1.1 United States Devops Tool Market by Product Type
10.1.6.1.2 United States Devops Tool Market by Deployment Type
10.1.6.1.3 United States Devops Tool Market by Application
10.1.6.2 Canada Devops Tool Market
10.1.6.2.1 Canada Devops Tool Market by Product Type
10.1.6.2.2 Canada Devops Tool Market by Deployment Type
10.1.6.2.3 Canada Devops Tool Market by Application
10.1.6.3 Mexico Devops Tool Market
10.1.6.3.1 Mexico Devops Tool Market by Product Type
10.1.6.3.2 Mexico Devops Tool Market by Deployment Type
10.1.6.3.3 Mexico Devops Tool Market by Application
10.2. EUROPE
10.2.1 Europe Devops Tool Market Overview
10.2.2 Europe Devops Tool Market Forecasts and Analysis
10.2.3 Europe Devops Tool Market Forecasts and Analysis - By Product Type
10.2.4 Europe Devops Tool Market Forecasts and Analysis - By Deployment Type
10.2.5 Europe Devops Tool Market Forecasts and Analysis - By Application
10.2.6 Europe Devops Tool Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Devops Tool Market
10.2.6.1.1 Germany Devops Tool Market by Product Type
10.2.6.1.2 Germany Devops Tool Market by Deployment Type
10.2.6.1.3 Germany Devops Tool Market by Application
10.2.6.2 France Devops Tool Market
10.2.6.2.1 France Devops Tool Market by Product Type
10.2.6.2.2 France Devops Tool Market by Deployment Type
10.2.6.2.3 France Devops Tool Market by Application
10.2.6.3 Italy Devops Tool Market
10.2.6.3.1 Italy Devops Tool Market by Product Type
10.2.6.3.2 Italy Devops Tool Market by Deployment Type
10.2.6.3.3 Italy Devops Tool Market by Application
10.2.6.4 United Kingdom Devops Tool Market
10.2.6.4.1 United Kingdom Devops Tool Market by Product Type
10.2.6.4.2 United Kingdom Devops Tool Market by Deployment Type
10.2.6.4.3 United Kingdom Devops Tool Market by Application
10.2.6.5 Russia Devops Tool Market
10.2.6.5.1 Russia Devops Tool Market by Product Type
10.2.6.5.2 Russia Devops Tool Market by Deployment Type
10.2.6.5.3 Russia Devops Tool Market by Application
10.2.6.6 Rest of Europe Devops Tool Market
10.2.6.6.1 Rest of Europe Devops Tool Market by Product Type
10.2.6.6.2 Rest of Europe Devops Tool Market by Deployment Type
10.2.6.6.3 Rest of Europe Devops Tool Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Devops Tool Market Overview
10.3.2 Asia-Pacific Devops Tool Market Forecasts and Analysis
10.3.3 Asia-Pacific Devops Tool Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Devops Tool Market Forecasts and Analysis - By Deployment Type
10.3.5 Asia-Pacific Devops Tool Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Devops Tool Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Devops Tool Market
10.3.6.1.1 Australia Devops Tool Market by Product Type
10.3.6.1.2 Australia Devops Tool Market by Deployment Type
10.3.6.1.3 Australia Devops Tool Market by Application
10.3.6.2 China Devops Tool Market
10.3.6.2.1 China Devops Tool Market by Product Type
10.3.6.2.2 China Devops Tool Market by Deployment Type
10.3.6.2.3 China Devops Tool Market by Application
10.3.6.3 India Devops Tool Market
10.3.6.3.1 India Devops Tool Market by Product Type
10.3.6.3.2 India Devops Tool Market by Deployment Type
10.3.6.3.3 India Devops Tool Market by Application
10.3.6.4 Japan Devops Tool Market
10.3.6.4.1 Japan Devops Tool Market by Product Type
10.3.6.4.2 Japan Devops Tool Market by Deployment Type
10.3.6.4.3 Japan Devops Tool Market by Application
10.3.6.5 South Korea Devops Tool Market
10.3.6.5.1 South Korea Devops Tool Market by Product Type
10.3.6.5.2 South Korea Devops Tool Market by Deployment Type
10.3.6.5.3 South Korea Devops Tool Market by Application
10.3.6.6 Rest of Asia-Pacific Devops Tool Market
10.3.6.6.1 Rest of Asia-Pacific Devops Tool Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Devops Tool Market by Deployment Type
10.3.6.6.3 Rest of Asia-Pacific Devops Tool Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Devops Tool Market Overview
10.4.2 Middle East and Africa Devops Tool Market Forecasts and Analysis
10.4.3 Middle East and Africa Devops Tool Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Devops Tool Market Forecasts and Analysis - By Deployment Type
10.4.5 Middle East and Africa Devops Tool Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Devops Tool Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Devops Tool Market
10.4.6.1.1 South Africa Devops Tool Market by Product Type
10.4.6.1.2 South Africa Devops Tool Market by Deployment Type
10.4.6.1.3 South Africa Devops Tool Market by Application
10.4.6.2 Saudi Arabia Devops Tool Market
10.4.6.2.1 Saudi Arabia Devops Tool Market by Product Type
10.4.6.2.2 Saudi Arabia Devops Tool Market by Deployment Type
10.4.6.2.3 Saudi Arabia Devops Tool Market by Application
10.4.6.3 U.A.E Devops Tool Market
10.4.6.3.1 U.A.E Devops Tool Market by Product Type
10.4.6.3.2 U.A.E Devops Tool Market by Deployment Type
10.4.6.3.3 U.A.E Devops Tool Market by Application
10.4.6.4 Rest of Middle East and Africa Devops Tool Market
10.4.6.4.1 Rest of Middle East and Africa Devops Tool Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Devops Tool Market by Deployment Type
10.4.6.4.3 Rest of Middle East and Africa Devops Tool Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Devops Tool Market Overview
10.5.2 South and Central America Devops Tool Market Forecasts and Analysis
10.5.3 South and Central America Devops Tool Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Devops Tool Market Forecasts and Analysis - By Deployment Type
10.5.5 South and Central America Devops Tool Market Forecasts and Analysis - By Application
10.5.6 South and Central America Devops Tool Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Devops Tool Market
10.5.6.1.1 Brazil Devops Tool Market by Product Type
10.5.6.1.2 Brazil Devops Tool Market by Deployment Type
10.5.6.1.3 Brazil Devops Tool Market by Application
10.5.6.2 Argentina Devops Tool Market
10.5.6.2.1 Argentina Devops Tool Market by Product Type
10.5.6.2.2 Argentina Devops Tool Market by Deployment Type
10.5.6.2.3 Argentina Devops Tool Market by Application
10.5.6.3 Rest of South and Central America Devops Tool Market
10.5.6.3.1 Rest of South and Central America Devops Tool Market by Product Type
10.5.6.3.2 Rest of South and Central America Devops Tool Market by Deployment Type
10.5.6.3.3 Rest of South and Central America Devops Tool 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. DEVOPS TOOL MARKET, KEY COMPANY PROFILES
12.1. HPE COMPANY
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. CA TECHNOLOGIES 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. CHEF, 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. CISCO SYSTEMS, 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. DOCKER, INC.
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. IBM 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. MICROSOFT CORPORATION
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. PUPPET LABS, INC.
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. RED HAT, INC.
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. SPIRENT COMMUNICATIONS PLC
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. HPE Company
2. CA Technologies Inc.
3. Chef, Inc.
4. Cisco Systems, Inc.
5. Docker, Inc.
6. IBM Corporation
7. Microsoft Corporation
8. Puppet Labs, Inc.
9. Red Hat, Inc.
10. Spirent Communications plc
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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