eGRC Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
eGRC stands for Enterprise governance, risk, and compliance. eGRC is a planned discipline that focuses on organizations to identify and protect against relevant risks and enhance their operations. eGRC helps businesses in rationalizing control, cost reduction, and identify operational inefficiencies. In other terms, eGRC assimilates data, controls, and policies and develops the results in a strategically visible manner. Moreover, the rise in the adoption of eGRC software in financial institutions and the surge in penetration of the internet of things technology fuel the growth of the eGRC market.
MARKET DYNAMICS
The surge in need for this software by various banks for managing money laundering, foreign exchange risk, terrorist financing, and interest rate risk are some of the significant factors driving the growth of the eGRC market. However, security issues associated with it, complexity in installation & configuration and high cost of eGRC software are some of the major factors which may hamper the growth of the eGRC market. The manufacturing sector is anticipated to grow at the highest rate during the forecast period due to the upsurge in demand for eGRC software due to rise in supply chain risk, fraud & bribery, intellectual property risk, and reputational risk in manufacturing industries
MARKET SCOPE
The "Global eGRC Market Analysis to 2031" is a specialized and in-depth study of the eGRC market with a special focus on the global market trend analysis. The report aims to provide an overview of eGRC market with detailed market segmentation by components, deployment, enterprise size, business function, verticals. The global eGRC market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading eGRC market players and offers key trends and opportunities in the eGRC market.
MARKET SEGMENTATION
The global eGRC market is segmented on the basis of components, deployment, enterprise size, business function, verticals. On the basis of components, the market is segmented as software, services. On the basis of deployment, the market is segmented as cloud, on-premises. On the basis of enterprise size, the market is segmented as small and medium-sized businesses (SMBs), enterprises. On the basis of business function, the market is segmented as finance, information technology, legal, operations. On the basis of verticals, the market is segmented as BFSI, IT and telecom, retail, healthcare, energy and utilities, manufacturing, government and defense, others
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global eGRC market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The eGRC market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting eGRC market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the EGRC Market in these regions.
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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
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global eGRC market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The eGRC market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting eGRC market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the EGRC Market in these regions.
MARKET PLAYERS
The reports cover key developments in the eGRC market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from eGRC market are anticipated to lucrative growth opportunities in the future with the rising demand for eGRC market. Below mentioned is the list of few companies engaged in the eGRC market.
The report also includes the profiles of key eGRC market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- IBM Corporation
- Lockpath Inc.
- LogicManager, Inc.
- MetricStream Inc.
- Microsoft Corporation
- Oracle Corporation
- RSA Security LLC
- SAP SE
- SAS Institute Inc.
- Thomson Reuters
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 EGRC Market - By Components
1.3.2 EGRC Market - By Deployment
1.3.3 EGRC Market - By Enterprise Size
1.3.4 EGRC Market - By Business Function
1.3.5 EGRC Market - By Verticals
1.3.6 EGRC Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. EGRC 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. EGRC 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. EGRC MARKET - GLOBAL MARKET ANALYSIS
6.1. EGRC - GLOBAL MARKET OVERVIEW
6.2. EGRC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. EGRC MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENTS
7.1. OVERVIEW
7.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. EGRC MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISES
8.4.1. Overview
8.4.2. On-premises Market Forecast and Analysis
9. EGRC MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMALL AND MEDIUM-SIZED BUSINESSES (SMBS)
9.3.1. Overview
9.3.2. Small and Medium-sized Businesses (SMBs) Market Forecast and Analysis
9.4. ENTERPRISES
9.4.1. Overview
9.4.2. Enterprises Market Forecast and Analysis
10. EGRC MARKET - REVENUE AND FORECASTS TO 2028 - BUSINESS FUNCTION
10.1. OVERVIEW
10.2. BUSINESS FUNCTION MARKET FORECASTS AND ANALYSIS
10.3. FINANCE
10.3.1. Overview
10.3.2. Finance Market Forecast and Analysis
10.4. INFORMATION TECHNOLOGY
10.4.1. Overview
10.4.2. Information Technology Market Forecast and Analysis
10.5. LEGAL
10.5.1. Overview
10.5.2. Legal Market Forecast and Analysis
10.6. OPERATIONS
10.6.1. Overview
10.6.2. Operations Market Forecast and Analysis
11. EGRC MARKET - REVENUE AND FORECASTS TO 2028 - VERTICALS
11.1. OVERVIEW
11.2. VERTICALS MARKET FORECASTS AND ANALYSIS
11.3. BFSI
11.3.1. Overview
11.3.2. BFSI Market Forecast and Analysis
11.4. IT AND TELECOM
11.4.1. Overview
11.4.2. IT and Telecom Market Forecast and Analysis
11.5. RETAIL
11.5.1. Overview
11.5.2. Retail Market Forecast and Analysis
11.6. HEALTHCARE
11.6.1. Overview
11.6.2. Healthcare Market Forecast and Analysis
11.7. ENERGY AND UTILITIES
11.7.1. Overview
11.7.2. Energy and Utilities Market Forecast and Analysis
11.8. MANUFACTURING
11.8.1. Overview
11.8.2. Manufacturing Market Forecast and Analysis
11.9. GOVERNMENT AND DEFENSE
11.9.1. Overview
11.9.2. Government and Defense Market Forecast and Analysis
11.10. OTHERS
11.10.1. Overview
11.10.2. Others Market Forecast and Analysis
12. EGRC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America EGRC Market Overview
12.1.2 North America EGRC Market Forecasts and Analysis
12.1.3 North America EGRC Market Forecasts and Analysis - By Components
12.1.4 North America EGRC Market Forecasts and Analysis - By Deployment
12.1.5 North America EGRC Market Forecasts and Analysis - By Enterprise Size
12.1.6 North America EGRC Market Forecasts and Analysis - By Business Function
12.1.7 North America EGRC Market Forecasts and Analysis - By Verticals
12.1.8 North America EGRC Market Forecasts and Analysis - By Countries
12.1.8.1 United States EGRC Market
12.1.8.1.1 United States EGRC Market by Components
12.1.8.1.2 United States EGRC Market by Deployment
12.1.8.1.3 United States EGRC Market by Enterprise Size
12.1.8.1.4 United States EGRC Market by Business Function
12.1.8.1.5 United States EGRC Market by Verticals
12.1.8.2 Canada EGRC Market
12.1.8.2.1 Canada EGRC Market by Components
12.1.8.2.2 Canada EGRC Market by Deployment
12.1.8.2.3 Canada EGRC Market by Enterprise Size
12.1.8.2.4 Canada EGRC Market by Business Function
12.1.8.2.5 Canada EGRC Market by Verticals
12.1.8.3 Mexico EGRC Market
12.1.8.3.1 Mexico EGRC Market by Components
12.1.8.3.2 Mexico EGRC Market by Deployment
12.1.8.3.3 Mexico EGRC Market by Enterprise Size
12.1.8.3.4 Mexico EGRC Market by Business Function
12.1.8.3.5 Mexico EGRC Market by Verticals
12.2. EUROPE
12.2.1 Europe EGRC Market Overview
12.2.2 Europe EGRC Market Forecasts and Analysis
12.2.3 Europe EGRC Market Forecasts and Analysis - By Components
12.2.4 Europe EGRC Market Forecasts and Analysis - By Deployment
12.2.5 Europe EGRC Market Forecasts and Analysis - By Enterprise Size
12.2.6 Europe EGRC Market Forecasts and Analysis - By Business Function
12.2.7 Europe EGRC Market Forecasts and Analysis - By Verticals
12.2.8 Europe EGRC Market Forecasts and Analysis - By Countries
12.2.8.1 Germany EGRC Market
12.2.8.1.1 Germany EGRC Market by Components
12.2.8.1.2 Germany EGRC Market by Deployment
12.2.8.1.3 Germany EGRC Market by Enterprise Size
12.2.8.1.4 Germany EGRC Market by Business Function
12.2.8.1.5 Germany EGRC Market by Verticals
12.2.8.2 France EGRC Market
12.2.8.2.1 France EGRC Market by Components
12.2.8.2.2 France EGRC Market by Deployment
12.2.8.2.3 France EGRC Market by Enterprise Size
12.2.8.2.4 France EGRC Market by Business Function
12.2.8.2.5 France EGRC Market by Verticals
12.2.8.3 Italy EGRC Market
12.2.8.3.1 Italy EGRC Market by Components
12.2.8.3.2 Italy EGRC Market by Deployment
12.2.8.3.3 Italy EGRC Market by Enterprise Size
12.2.8.3.4 Italy EGRC Market by Business Function
12.2.8.3.5 Italy EGRC Market by Verticals
12.2.8.4 United Kingdom EGRC Market
12.2.8.4.1 United Kingdom EGRC Market by Components
12.2.8.4.2 United Kingdom EGRC Market by Deployment
12.2.8.4.3 United Kingdom EGRC Market by Enterprise Size
12.2.8.4.4 United Kingdom EGRC Market by Business Function
12.2.8.4.5 United Kingdom EGRC Market by Verticals
12.2.8.5 Russia EGRC Market
12.2.8.5.1 Russia EGRC Market by Components
12.2.8.5.2 Russia EGRC Market by Deployment
12.2.8.5.3 Russia EGRC Market by Enterprise Size
12.2.8.5.4 Russia EGRC Market by Business Function
12.2.8.5.5 Russia EGRC Market by Verticals
12.2.8.6 Rest of Europe EGRC Market
12.2.8.6.1 Rest of Europe EGRC Market by Components
12.2.8.6.2 Rest of Europe EGRC Market by Deployment
12.2.8.6.3 Rest of Europe EGRC Market by Enterprise Size
12.2.8.6.4 Rest of Europe EGRC Market by Business Function
12.2.8.6.5 Rest of Europe EGRC Market by Verticals
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific EGRC Market Overview
12.3.2 Asia-Pacific EGRC Market Forecasts and Analysis
12.3.3 Asia-Pacific EGRC Market Forecasts and Analysis - By Components
12.3.4 Asia-Pacific EGRC Market Forecasts and Analysis - By Deployment
12.3.5 Asia-Pacific EGRC Market Forecasts and Analysis - By Enterprise Size
12.3.6 Asia-Pacific EGRC Market Forecasts and Analysis - By Business Function
12.3.7 Asia-Pacific EGRC Market Forecasts and Analysis - By Verticals
12.3.8 Asia-Pacific EGRC Market Forecasts and Analysis - By Countries
12.3.8.1 Australia EGRC Market
12.3.8.1.1 Australia EGRC Market by Components
12.3.8.1.2 Australia EGRC Market by Deployment
12.3.8.1.3 Australia EGRC Market by Enterprise Size
12.3.8.1.4 Australia EGRC Market by Business Function
12.3.8.1.5 Australia EGRC Market by Verticals
12.3.8.2 China EGRC Market
12.3.8.2.1 China EGRC Market by Components
12.3.8.2.2 China EGRC Market by Deployment
12.3.8.2.3 China EGRC Market by Enterprise Size
12.3.8.2.4 China EGRC Market by Business Function
12.3.8.2.5 China EGRC Market by Verticals
12.3.8.3 India EGRC Market
12.3.8.3.1 India EGRC Market by Components
12.3.8.3.2 India EGRC Market by Deployment
12.3.8.3.3 India EGRC Market by Enterprise Size
12.3.8.3.4 India EGRC Market by Business Function
12.3.8.3.5 India EGRC Market by Verticals
12.3.8.4 Japan EGRC Market
12.3.8.4.1 Japan EGRC Market by Components
12.3.8.4.2 Japan EGRC Market by Deployment
12.3.8.4.3 Japan EGRC Market by Enterprise Size
12.3.8.4.4 Japan EGRC Market by Business Function
12.3.8.4.5 Japan EGRC Market by Verticals
12.3.8.5 South Korea EGRC Market
12.3.8.5.1 South Korea EGRC Market by Components
12.3.8.5.2 South Korea EGRC Market by Deployment
12.3.8.5.3 South Korea EGRC Market by Enterprise Size
12.3.8.5.4 South Korea EGRC Market by Business Function
12.3.8.5.5 South Korea EGRC Market by Verticals
12.3.8.6 Rest of Asia-Pacific EGRC Market
12.3.8.6.1 Rest of Asia-Pacific EGRC Market by Components
12.3.8.6.2 Rest of Asia-Pacific EGRC Market by Deployment
12.3.8.6.3 Rest of Asia-Pacific EGRC Market by Enterprise Size
12.3.8.6.4 Rest of Asia-Pacific EGRC Market by Business Function
12.3.8.6.5 Rest of Asia-Pacific EGRC Market by Verticals
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa EGRC Market Overview
12.4.2 Middle East and Africa EGRC Market Forecasts and Analysis
12.4.3 Middle East and Africa EGRC Market Forecasts and Analysis - By Components
12.4.4 Middle East and Africa EGRC Market Forecasts and Analysis - By Deployment
12.4.5 Middle East and Africa EGRC Market Forecasts and Analysis - By Enterprise Size
12.4.6 Middle East and Africa EGRC Market Forecasts and Analysis - By Business Function
12.4.7 Middle East and Africa EGRC Market Forecasts and Analysis - By Verticals
12.4.8 Middle East and Africa EGRC Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa EGRC Market
12.4.8.1.1 South Africa EGRC Market by Components
12.4.8.1.2 South Africa EGRC Market by Deployment
12.4.8.1.3 South Africa EGRC Market by Enterprise Size
12.4.8.1.4 South Africa EGRC Market by Business Function
12.4.8.1.5 South Africa EGRC Market by Verticals
12.4.8.2 Saudi Arabia EGRC Market
12.4.8.2.1 Saudi Arabia EGRC Market by Components
12.4.8.2.2 Saudi Arabia EGRC Market by Deployment
12.4.8.2.3 Saudi Arabia EGRC Market by Enterprise Size
12.4.8.2.4 Saudi Arabia EGRC Market by Business Function
12.4.8.2.5 Saudi Arabia EGRC Market by Verticals
12.4.8.3 U.A.E EGRC Market
12.4.8.3.1 U.A.E EGRC Market by Components
12.4.8.3.2 U.A.E EGRC Market by Deployment
12.4.8.3.3 U.A.E EGRC Market by Enterprise Size
12.4.8.3.4 U.A.E EGRC Market by Business Function
12.4.8.3.5 U.A.E EGRC Market by Verticals
12.4.8.4 Rest of Middle East and Africa EGRC Market
12.4.8.4.1 Rest of Middle East and Africa EGRC Market by Components
12.4.8.4.2 Rest of Middle East and Africa EGRC Market by Deployment
12.4.8.4.3 Rest of Middle East and Africa EGRC Market by Enterprise Size
12.4.8.4.4 Rest of Middle East and Africa EGRC Market by Business Function
12.4.8.4.5 Rest of Middle East and Africa EGRC Market by Verticals
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America EGRC Market Overview
12.5.2 South and Central America EGRC Market Forecasts and Analysis
12.5.3 South and Central America EGRC Market Forecasts and Analysis - By Components
12.5.4 South and Central America EGRC Market Forecasts and Analysis - By Deployment
12.5.5 South and Central America EGRC Market Forecasts and Analysis - By Enterprise Size
12.5.6 South and Central America EGRC Market Forecasts and Analysis - By Business Function
12.5.7 South and Central America EGRC Market Forecasts and Analysis - By Verticals
12.5.8 South and Central America EGRC Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil EGRC Market
12.5.8.1.1 Brazil EGRC Market by Components
12.5.8.1.2 Brazil EGRC Market by Deployment
12.5.8.1.3 Brazil EGRC Market by Enterprise Size
12.5.8.1.4 Brazil EGRC Market by Business Function
12.5.8.1.5 Brazil EGRC Market by Verticals
12.5.8.2 Argentina EGRC Market
12.5.8.2.1 Argentina EGRC Market by Components
12.5.8.2.2 Argentina EGRC Market by Deployment
12.5.8.2.3 Argentina EGRC Market by Enterprise Size
12.5.8.2.4 Argentina EGRC Market by Business Function
12.5.8.2.5 Argentina EGRC Market by Verticals
12.5.8.3 Rest of South and Central America EGRC Market
12.5.8.3.1 Rest of South and Central America EGRC Market by Components
12.5.8.3.2 Rest of South and Central America EGRC Market by Deployment
12.5.8.3.3 Rest of South and Central America EGRC Market by Enterprise Size
12.5.8.3.4 Rest of South and Central America EGRC Market by Business Function
12.5.8.3.5 Rest of South and Central America EGRC Market by Verticals
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. EGRC MARKET, KEY COMPANY PROFILES
14.1. IBM CORPORATION
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. LOCKPATH INC.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. LOGICMANAGER, INC.
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. METRICSTREAM INC.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. MICROSOFT CORPORATION
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. ORACLE CORPORATION
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. RSA SECURITY LLC
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SAP SE
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SAS INSTITUTE INC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. THOMSON REUTERS
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. IBM Corporation
2. Lockpath Inc.
3. LogicManager, Inc.
4. MetricStream Inc.
5. Microsoft Corporation
6. Oracle Corporation
7. RSA Security LLC
8. SAP SE
9. SAS Institute Inc.
10. Thomson Reuters
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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