Energy Cloud Market Updates by 2031
The Energy Cloud Market is expected to register a CAGR of 20.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Solution, Service); Service Model (Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS)); Deployment Model (Public cloud, Private cloud, Hybrid cloud); Organization Size (Small and Medium Enterprises (SMEs), Large enterprises); 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 Energy Cloud 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.
Energy Cloud Market Segmentation
Component- Solution
- Service
- Software-as-a-Service
- Public cloud
- Private cloud
- Hybrid cloud
- Small and Medium Enterprises
- Small and Medium Enterprises
Strategic Insights
Energy Cloud Market Growth Drivers- Accelerating Renewable Energy Adoption: The global push towards renewable energy sources is a significant driver for the Energy Cloud market. Governments and organizations are increasingly investing in solar, wind, and other renewable technologies to combat climate change and reduce reliance on fossil fuels. Energy Cloud platforms enable the integration of diverse renewable energy sources into the grid, allowing for better management, distribution, and utilization of clean energy. This trend towards sustainability is fueling the demand for Energy Cloud solutions that facilitate the transition to a more renewable energy landscape.
- Growing Demand for Energy Efficiency and Cost Reduction: As energy costs rise and concerns about climate change increase, businesses and consumers are more focused on energy efficiency and cost reduction. Energy Cloud solutions provide tools for monitoring, analyzing, and optimizing energy consumption, helping organizations reduce waste and lower expenses. By leveraging cloud-based analytics and management tools, users can identify inefficiencies and implement strategies to improve energy performance. This growing emphasis on energy efficiency is driving adoption of Energy Cloud technologies across various sectors.
- Transition to Edge Computing: A notable trend in the Energy Cloud market is the transition towards edge computing, which involves processing data closer to the source rather than relying solely on centralized cloud servers. Edge computing allows for faster data processing and real-time decision-making, which is particularly important in energy management applications where immediate responses are essential. This trend is driving the development of Energy Cloud solutions that leverage edge computing to enhance efficiency and responsiveness in energy systems.
- Cloud-Based Energy Storage Management: Energy cloud platforms are being used to optimize energy storage systems. These platforms allow utilities and businesses to manage energy storage devices (like batteries) by monitoring capacity, charging cycles, and discharge patterns in real time. This improves energy availability, reduces costs, and supports the transition to renewable energy by balancing supply and demand.
- Expansion of Distributed Energy Resources (DERs): The rise of distributed energy resources, such as rooftop solar panels, battery storage systems, and electric vehicles (EVs), presents significant opportunities for the Energy Cloud market. These resources allow for localized energy production and consumption, reducing the strain on traditional energy infrastructure. Energy Cloud platforms can help manage and optimize the integration of DERs into the grid, facilitating energy trading and enhancing grid resilience. Companies that develop solutions to harness and manage DERs can tap into this growing market.
- Integration of Artificial Intelligence and Machine Learning: The incorporation of artificial intelligence (AI) and machine learning (ML) into Energy Cloud solutions offers opportunities for enhanced analytics and predictive capabilities. AI and ML can analyze vast amounts of energy data to identify patterns, optimize energy usage, and forecast demand. This can lead to improved decision-making and more efficient energy management. Vendors that invest in developing AI-driven Energy Cloud solutions can differentiate themselves and provide added value to customers seeking advanced analytics and automated optimization.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Energy Cloud 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 Energy Cloud 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.
REGIONAL FRAMEWORK
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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
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
The Energy Cloud Market is estimated to witness a CAGR of 20.7% from 2023 to 2031
Accelerating Renewable Energy Adoption and Growing Demand for Energy Efficiency and Cost Reduction are the major factors driving the Energy Cloud Market
Transition to Edge Computing is anticipated to play a significant role in the global Energy Cloud Market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
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
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Energy Cloud Market - By Component
1.3.2 Energy Cloud Market - By Service Model
1.3.3 Energy Cloud Market - By Deployment Model
1.3.4 Energy Cloud Market - By Organization Size
1.3.5 Energy Cloud Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENERGY CLOUD MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ENERGY CLOUD 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. ENERGY CLOUD MARKET - GLOBAL MARKET ANALYSIS
6.1. ENERGY CLOUD - GLOBAL MARKET OVERVIEW
6.2. ENERGY CLOUD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENERGY CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.3.3. Enterprise Asset Management Market
7.3.3.1. Overview
7.3.3.2. Enterprise Asset Management Market Forecast and Analysis
7.3.4. Supply Chain Management Market
7.3.4.1. Overview
7.3.4.2. Supply Chain Management Market Forecast and Analysis
7.3.5. Customer Relationship Management (CRM) Market
7.3.5.1. Overview
7.3.5.2. Customer Relationship Management (CRM) Market Forecast and Analysis
7.3.6. Risk and Compliance Management Market
7.3.6.1. Overview
7.3.6.2. Risk and Compliance Management Market Forecast and Analysis
7.3.7. Workforce Management Market
7.3.7.1. Overview
7.3.7.2. Workforce Management Market Forecast and Analysis
7.3.8. Reporting and Analytics Market
7.3.8.1. Overview
7.3.8.2. Reporting and Analytics Market Forecast and Analysis
7.3.9. Others Market
7.3.9.1. Overview
7.3.9.2. Others Market Forecast and Analysis
7.4. SERVICE
7.4.1. Overview
7.4.2. Service Market Forecast and Analysis
7.4.3. Professional services Market
7.4.3.1. Overview
7.4.3.2. Professional services Market Forecast and Analysis
7.4.4. Managed services Market
7.4.4.1. Overview
7.4.4.2. Managed services Market Forecast and Analysis
8. ENERGY CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE MODEL
8.1. OVERVIEW
8.2. SERVICE MODEL MARKET FORECASTS AND ANALYSIS
8.3. SOFTWARE-AS-A-SERVICE (SAAS)
8.3.1. Overview
8.3.2. Software-as-a-Service (SaaS) Market Forecast and Analysis
8.4. PLATFORM-AS-A-SERVICE (PAAS)
8.4.1. Overview
8.4.2. Platform-as-a-Service (PaaS) Market Forecast and Analysis
8.5. INFRASTRUCTURE-AS-A-SERVICE (IAAS)
8.5.1. Overview
8.5.2. Infrastructure-as-a-Service (IaaS) Market Forecast and Analysis
9. ENERGY CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT MODEL
9.1. OVERVIEW
9.2. DEPLOYMENT MODEL MARKET FORECASTS AND ANALYSIS
9.3. PUBLIC CLOUD
9.3.1. Overview
9.3.2. Public cloud Market Forecast and Analysis
9.4. PRIVATE CLOUD
9.4.1. Overview
9.4.2. Private cloud Market Forecast and Analysis
9.5. HYBRID CLOUD
9.5.1. Overview
9.5.2. Hybrid cloud Market Forecast and Analysis
10. ENERGY CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
10.1. OVERVIEW
10.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
10.3. SMALL AND MEDIUM ENTERPRISES (SMES)
10.3.1. Overview
10.3.2. Small and Medium Enterprises (SMEs) Market Forecast and Analysis
10.4. LARGE ENTERPRISES
10.4.1. Overview
10.4.2. Large enterprises Market Forecast and Analysis
11. ENERGY CLOUD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Energy Cloud Market Overview
11.1.2 North America Energy Cloud Market Forecasts and Analysis
11.1.3 North America Energy Cloud Market Forecasts and Analysis - By Component
11.1.4 North America Energy Cloud Market Forecasts and Analysis - By Service Model
11.1.5 North America Energy Cloud Market Forecasts and Analysis - By Deployment Model
11.1.6 North America Energy Cloud Market Forecasts and Analysis - By Organization Size
11.1.7 North America Energy Cloud Market Forecasts and Analysis - By Countries
11.1.7.1 United States Energy Cloud Market
11.1.7.1.1 United States Energy Cloud Market by Component
11.1.7.1.2 United States Energy Cloud Market by Service Model
11.1.7.1.3 United States Energy Cloud Market by Deployment Model
11.1.7.1.4 United States Energy Cloud Market by Organization Size
11.1.7.2 Canada Energy Cloud Market
11.1.7.2.1 Canada Energy Cloud Market by Component
11.1.7.2.2 Canada Energy Cloud Market by Service Model
11.1.7.2.3 Canada Energy Cloud Market by Deployment Model
11.1.7.2.4 Canada Energy Cloud Market by Organization Size
11.1.7.3 Mexico Energy Cloud Market
11.1.7.3.1 Mexico Energy Cloud Market by Component
11.1.7.3.2 Mexico Energy Cloud Market by Service Model
11.1.7.3.3 Mexico Energy Cloud Market by Deployment Model
11.1.7.3.4 Mexico Energy Cloud Market by Organization Size
11.2. EUROPE
11.2.1 Europe Energy Cloud Market Overview
11.2.2 Europe Energy Cloud Market Forecasts and Analysis
11.2.3 Europe Energy Cloud Market Forecasts and Analysis - By Component
11.2.4 Europe Energy Cloud Market Forecasts and Analysis - By Service Model
11.2.5 Europe Energy Cloud Market Forecasts and Analysis - By Deployment Model
11.2.6 Europe Energy Cloud Market Forecasts and Analysis - By Organization Size
11.2.7 Europe Energy Cloud Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Energy Cloud Market
11.2.7.1.1 Germany Energy Cloud Market by Component
11.2.7.1.2 Germany Energy Cloud Market by Service Model
11.2.7.1.3 Germany Energy Cloud Market by Deployment Model
11.2.7.1.4 Germany Energy Cloud Market by Organization Size
11.2.7.2 France Energy Cloud Market
11.2.7.2.1 France Energy Cloud Market by Component
11.2.7.2.2 France Energy Cloud Market by Service Model
11.2.7.2.3 France Energy Cloud Market by Deployment Model
11.2.7.2.4 France Energy Cloud Market by Organization Size
11.2.7.3 Italy Energy Cloud Market
11.2.7.3.1 Italy Energy Cloud Market by Component
11.2.7.3.2 Italy Energy Cloud Market by Service Model
11.2.7.3.3 Italy Energy Cloud Market by Deployment Model
11.2.7.3.4 Italy Energy Cloud Market by Organization Size
11.2.7.4 United Kingdom Energy Cloud Market
11.2.7.4.1 United Kingdom Energy Cloud Market by Component
11.2.7.4.2 United Kingdom Energy Cloud Market by Service Model
11.2.7.4.3 United Kingdom Energy Cloud Market by Deployment Model
11.2.7.4.4 United Kingdom Energy Cloud Market by Organization Size
11.2.7.5 Russia Energy Cloud Market
11.2.7.5.1 Russia Energy Cloud Market by Component
11.2.7.5.2 Russia Energy Cloud Market by Service Model
11.2.7.5.3 Russia Energy Cloud Market by Deployment Model
11.2.7.5.4 Russia Energy Cloud Market by Organization Size
11.2.7.6 Rest of Europe Energy Cloud Market
11.2.7.6.1 Rest of Europe Energy Cloud Market by Component
11.2.7.6.2 Rest of Europe Energy Cloud Market by Service Model
11.2.7.6.3 Rest of Europe Energy Cloud Market by Deployment Model
11.2.7.6.4 Rest of Europe Energy Cloud Market by Organization Size
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Energy Cloud Market Overview
11.3.2 Asia-Pacific Energy Cloud Market Forecasts and Analysis
11.3.3 Asia-Pacific Energy Cloud Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Energy Cloud Market Forecasts and Analysis - By Service Model
11.3.5 Asia-Pacific Energy Cloud Market Forecasts and Analysis - By Deployment Model
11.3.6 Asia-Pacific Energy Cloud Market Forecasts and Analysis - By Organization Size
11.3.7 Asia-Pacific Energy Cloud Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Energy Cloud Market
11.3.7.1.1 Australia Energy Cloud Market by Component
11.3.7.1.2 Australia Energy Cloud Market by Service Model
11.3.7.1.3 Australia Energy Cloud Market by Deployment Model
11.3.7.1.4 Australia Energy Cloud Market by Organization Size
11.3.7.2 China Energy Cloud Market
11.3.7.2.1 China Energy Cloud Market by Component
11.3.7.2.2 China Energy Cloud Market by Service Model
11.3.7.2.3 China Energy Cloud Market by Deployment Model
11.3.7.2.4 China Energy Cloud Market by Organization Size
11.3.7.3 India Energy Cloud Market
11.3.7.3.1 India Energy Cloud Market by Component
11.3.7.3.2 India Energy Cloud Market by Service Model
11.3.7.3.3 India Energy Cloud Market by Deployment Model
11.3.7.3.4 India Energy Cloud Market by Organization Size
11.3.7.4 Japan Energy Cloud Market
11.3.7.4.1 Japan Energy Cloud Market by Component
11.3.7.4.2 Japan Energy Cloud Market by Service Model
11.3.7.4.3 Japan Energy Cloud Market by Deployment Model
11.3.7.4.4 Japan Energy Cloud Market by Organization Size
11.3.7.5 South Korea Energy Cloud Market
11.3.7.5.1 South Korea Energy Cloud Market by Component
11.3.7.5.2 South Korea Energy Cloud Market by Service Model
11.3.7.5.3 South Korea Energy Cloud Market by Deployment Model
11.3.7.5.4 South Korea Energy Cloud Market by Organization Size
11.3.7.6 Rest of Asia-Pacific Energy Cloud Market
11.3.7.6.1 Rest of Asia-Pacific Energy Cloud Market by Component
11.3.7.6.2 Rest of Asia-Pacific Energy Cloud Market by Service Model
11.3.7.6.3 Rest of Asia-Pacific Energy Cloud Market by Deployment Model
11.3.7.6.4 Rest of Asia-Pacific Energy Cloud Market by Organization Size
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Energy Cloud Market Overview
11.4.2 Middle East and Africa Energy Cloud Market Forecasts and Analysis
11.4.3 Middle East and Africa Energy Cloud Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Energy Cloud Market Forecasts and Analysis - By Service Model
11.4.5 Middle East and Africa Energy Cloud Market Forecasts and Analysis - By Deployment Model
11.4.6 Middle East and Africa Energy Cloud Market Forecasts and Analysis - By Organization Size
11.4.7 Middle East and Africa Energy Cloud Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Energy Cloud Market
11.4.7.1.1 South Africa Energy Cloud Market by Component
11.4.7.1.2 South Africa Energy Cloud Market by Service Model
11.4.7.1.3 South Africa Energy Cloud Market by Deployment Model
11.4.7.1.4 South Africa Energy Cloud Market by Organization Size
11.4.7.2 Saudi Arabia Energy Cloud Market
11.4.7.2.1 Saudi Arabia Energy Cloud Market by Component
11.4.7.2.2 Saudi Arabia Energy Cloud Market by Service Model
11.4.7.2.3 Saudi Arabia Energy Cloud Market by Deployment Model
11.4.7.2.4 Saudi Arabia Energy Cloud Market by Organization Size
11.4.7.3 U.A.E Energy Cloud Market
11.4.7.3.1 U.A.E Energy Cloud Market by Component
11.4.7.3.2 U.A.E Energy Cloud Market by Service Model
11.4.7.3.3 U.A.E Energy Cloud Market by Deployment Model
11.4.7.3.4 U.A.E Energy Cloud Market by Organization Size
11.4.7.4 Rest of Middle East and Africa Energy Cloud Market
11.4.7.4.1 Rest of Middle East and Africa Energy Cloud Market by Component
11.4.7.4.2 Rest of Middle East and Africa Energy Cloud Market by Service Model
11.4.7.4.3 Rest of Middle East and Africa Energy Cloud Market by Deployment Model
11.4.7.4.4 Rest of Middle East and Africa Energy Cloud Market by Organization Size
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Energy Cloud Market Overview
11.5.2 South and Central America Energy Cloud Market Forecasts and Analysis
11.5.3 South and Central America Energy Cloud Market Forecasts and Analysis - By Component
11.5.4 South and Central America Energy Cloud Market Forecasts and Analysis - By Service Model
11.5.5 South and Central America Energy Cloud Market Forecasts and Analysis - By Deployment Model
11.5.6 South and Central America Energy Cloud Market Forecasts and Analysis - By Organization Size
11.5.7 South and Central America Energy Cloud Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Energy Cloud Market
11.5.7.1.1 Brazil Energy Cloud Market by Component
11.5.7.1.2 Brazil Energy Cloud Market by Service Model
11.5.7.1.3 Brazil Energy Cloud Market by Deployment Model
11.5.7.1.4 Brazil Energy Cloud Market by Organization Size
11.5.7.2 Argentina Energy Cloud Market
11.5.7.2.1 Argentina Energy Cloud Market by Component
11.5.7.2.2 Argentina Energy Cloud Market by Service Model
11.5.7.2.3 Argentina Energy Cloud Market by Deployment Model
11.5.7.2.4 Argentina Energy Cloud Market by Organization Size
11.5.7.3 Rest of South and Central America Energy Cloud Market
11.5.7.3.1 Rest of South and Central America Energy Cloud Market by Component
11.5.7.3.2 Rest of South and Central America Energy Cloud Market by Service Model
11.5.7.3.3 Rest of South and Central America Energy Cloud Market by Deployment Model
11.5.7.3.4 Rest of South and Central America Energy Cloud Market by Organization Size
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. ENERGY CLOUD MARKET, KEY COMPANY PROFILES
13.1. ACCENTURE PLC
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. CAPGEMINI
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. CISCO SYSTEMS, INC.
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. HCL TECHNOLOGIES LIMITED
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. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
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. IBM
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. SAP SE
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. TATA CONSULTANCY SERVICES LIMITED
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. Accenture plc
2. Capgemini
3. Cisco Systems, Inc.
4. HCL Technologies Limited
5. Hewlett Packard Enterprise Development LP
6. IBM
7. Microsoft
8. Oracle
9. SAP SE
10. Tata Consultancy Services Limited
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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