Enterprise SSD Market Size 2021-2031 | Drivers
The Enterprise SSD Market is expected to register a CAGR of 5.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Enterprise SSD Market Report is segmented by Technology into the following subsegments: Single-Level Cell (SLC), Multi-Level Cell (MLC), and Triple-Level Cell (TLC). It is also segmented by Enterprise Size, including Small and Medium Enterprises and Large Enterprises; and by Application, including High-Performance Computing and Data Center Servers. The global analysis is broken down at the regional level and by major countries. The market evaluation is presented in US$ for the above segmental analysis, with projections through 2031.
Purpose of the ReportThe report Enterprise SSD 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.
Enterprise SSD Market Segmentation
Technology- Single-Level Cell
- Multi-Level Cell
- Triple-Level Cell
- Small and Medium Enterprises
- Large Enterprises
- High-Performance Computing
- Data Center Servers
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Enterprise SSD Market Growth Drivers- Need for Storage and Adoption of Cloud: As data is being generated and stored in huge volumes, the storage needs at high performance have increased in leaps and bounds. Enterprises continue to adopt SSDs that provide better access speed, higher reliability, and endurance than HDDs.
- Increase in demand of Big Data, AI and Machine Learning: The applications of big data analytics, AI, and machine learning require high-speed processing and real-time access. Enterprise SSDs support computationally intensive tasks due to superior read and write speed, which makes them a necessary component in present data operations.
- Digital Transformation and IoT Growth: With the impetus of digital transformation that is sweeping through all industries, coupled with the fast growth of the Internet of Things device deployment, came the increased volume of data that needs to be processed. Thereby, enterprise SSDs with low latency and high throughput are rapidly becoming an essential component of IT infrastructure to support these applications.
- Shift Towards NVMe (Non-Volatile Memory Express): NVMe SSDs are fast emerging as a leader in the enterprise SSD market primarily because of high performance with low latency compared to traditional SATA-based SSDs. NVMe's capability to support faster data throughput is one of the bigger trends that enterprises face when demanding higher performance from their storage solutions.
- High-Capacity SSDs: Demand for high-capacity SSDs is increasing because businesses have now shifted toward more data-intensive operations. High-capacity SSDs are not only able to manage large volumes of data, but they also provide better reliability, a feature that is critically important for enterprise-based applications.
- Focus on Endurance and Reliability: In the data center, where enterprises place more reliance on SSDs for mission-critical workloads, there is always a call in terms of endurance and reliability. The requirement for higher write endurance is particularly critical in applications such as high-performance computing, trading related to finance, scientific research, and hosting within clouds.
- Data Center Applications Growth: Data centers are among the biggest consumers of enterprise SSDs. High-speed, high-capacity storage needs will grow with that of cloud computing and edge computing. The vendors will capitalise on that opportunity by offering enterprise SSDs optimized to these applications.
- Adoption in Artificial Intelligence and Edge Computing: As AI and edge computing applications continue to increase, it opens an opportunity for enterprise SSD manufacturers to design storage solutions specifically for the environment, which frequently demands low latency and high-throughput processing with real-time data.
- HPC and Gaming: HPC clusters are used mainly for scientific simulations, financial modelling, and big data analytics; they actually require high-speed storage solutions. The gaming market, which makes massive demands in terms of storage, is also a rapidly growing market for enterprise-grade SSDs in both server and consumer applications.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Enterprise SSD 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 Enterprise SSD 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
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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 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 excel dataset based on the request.
The key players in the market are Intel Corporation, Kingston Technology Corp., Micron Technology PLC, Microsemi, Samsung Electronics Co. Ltd., Seagate Technology PLC, SK Hynix Inc., Toshiba Corporation, Viking Technology, Western Digital Corp.,
The future trends include a probable increase in NVMe-based SSDs, high-capacity ultra-high-speed storage, and technology advancement in 3D NAND flash.
The market is expected to register a CAGR of 5.7% during 2021-2031.
The key factors driving growth include the rapid growth of cloud computing, the escalating requirement for faster and high-speed data storage solutions, and the ever-growing demand for faster and more reliable enterprise storage systems.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Enterprise SSD Market - By Technology
1.3.2 Enterprise SSD Market - By Enterprise Size
1.3.3 Enterprise SSD Market - By Application
1.3.4 Enterprise SSD Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENTERPRISE SSD 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. ENTERPRISE SSD 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. ENTERPRISE SSD MARKET - GLOBAL MARKET ANALYSIS
6.1. ENTERPRISE SSD - GLOBAL MARKET OVERVIEW
6.2. ENTERPRISE SSD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ENTERPRISE SSD MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. SINGLE-LEVEL CELL (SLC)
7.3.1. Overview
7.3.2. Single-Level Cell (SLC) Market Forecast and Analysis
7.4. MULTI-LEVEL CELL (MLC)
7.4.1. Overview
7.4.2. Multi-Level Cell (MLC) Market Forecast and Analysis
7.5. TRIPLE-LEVEL CELL (TLC)
7.5.1. Overview
7.5.2. Triple-Level Cell (TLC) Market Forecast and Analysis
8. ENTERPRISE SSD MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMALL AND MEDIUM ENTERPRISES
8.3.1. Overview
8.3.2. Small and Medium Enterprises Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. ENTERPRISE SSD MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. HIGH-PERFORMANCE COMPUTING
9.3.1. Overview
9.3.2. High-Performance Computing Market Forecast and Analysis
9.4. DATA CENTER SERVERS
9.4.1. Overview
9.4.2. Data Center Servers Market Forecast and Analysis
10. ENTERPRISE SSD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Enterprise SSD Market Overview
10.1.2 North America Enterprise SSD Market Forecasts and Analysis
10.1.3 North America Enterprise SSD Market Forecasts and Analysis - By Technology
10.1.4 North America Enterprise SSD Market Forecasts and Analysis - By Enterprise Size
10.1.5 North America Enterprise SSD Market Forecasts and Analysis - By Application
10.1.6 North America Enterprise SSD Market Forecasts and Analysis - By Countries
10.1.6.1 United States Enterprise SSD Market
10.1.6.1.1 United States Enterprise SSD Market by Technology
10.1.6.1.2 United States Enterprise SSD Market by Enterprise Size
10.1.6.1.3 United States Enterprise SSD Market by Application
10.1.6.2 Canada Enterprise SSD Market
10.1.6.2.1 Canada Enterprise SSD Market by Technology
10.1.6.2.2 Canada Enterprise SSD Market by Enterprise Size
10.1.6.2.3 Canada Enterprise SSD Market by Application
10.1.6.3 Mexico Enterprise SSD Market
10.1.6.3.1 Mexico Enterprise SSD Market by Technology
10.1.6.3.2 Mexico Enterprise SSD Market by Enterprise Size
10.1.6.3.3 Mexico Enterprise SSD Market by Application
10.2. EUROPE
10.2.1 Europe Enterprise SSD Market Overview
10.2.2 Europe Enterprise SSD Market Forecasts and Analysis
10.2.3 Europe Enterprise SSD Market Forecasts and Analysis - By Technology
10.2.4 Europe Enterprise SSD Market Forecasts and Analysis - By Enterprise Size
10.2.5 Europe Enterprise SSD Market Forecasts and Analysis - By Application
10.2.6 Europe Enterprise SSD Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Enterprise SSD Market
10.2.6.1.1 Germany Enterprise SSD Market by Technology
10.2.6.1.2 Germany Enterprise SSD Market by Enterprise Size
10.2.6.1.3 Germany Enterprise SSD Market by Application
10.2.6.2 France Enterprise SSD Market
10.2.6.2.1 France Enterprise SSD Market by Technology
10.2.6.2.2 France Enterprise SSD Market by Enterprise Size
10.2.6.2.3 France Enterprise SSD Market by Application
10.2.6.3 Italy Enterprise SSD Market
10.2.6.3.1 Italy Enterprise SSD Market by Technology
10.2.6.3.2 Italy Enterprise SSD Market by Enterprise Size
10.2.6.3.3 Italy Enterprise SSD Market by Application
10.2.6.4 United Kingdom Enterprise SSD Market
10.2.6.4.1 United Kingdom Enterprise SSD Market by Technology
10.2.6.4.2 United Kingdom Enterprise SSD Market by Enterprise Size
10.2.6.4.3 United Kingdom Enterprise SSD Market by Application
10.2.6.5 Russia Enterprise SSD Market
10.2.6.5.1 Russia Enterprise SSD Market by Technology
10.2.6.5.2 Russia Enterprise SSD Market by Enterprise Size
10.2.6.5.3 Russia Enterprise SSD Market by Application
10.2.6.6 Rest of Europe Enterprise SSD Market
10.2.6.6.1 Rest of Europe Enterprise SSD Market by Technology
10.2.6.6.2 Rest of Europe Enterprise SSD Market by Enterprise Size
10.2.6.6.3 Rest of Europe Enterprise SSD Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Enterprise SSD Market Overview
10.3.2 Asia-Pacific Enterprise SSD Market Forecasts and Analysis
10.3.3 Asia-Pacific Enterprise SSD Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Enterprise SSD Market Forecasts and Analysis - By Enterprise Size
10.3.5 Asia-Pacific Enterprise SSD Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Enterprise SSD Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Enterprise SSD Market
10.3.6.1.1 Australia Enterprise SSD Market by Technology
10.3.6.1.2 Australia Enterprise SSD Market by Enterprise Size
10.3.6.1.3 Australia Enterprise SSD Market by Application
10.3.6.2 China Enterprise SSD Market
10.3.6.2.1 China Enterprise SSD Market by Technology
10.3.6.2.2 China Enterprise SSD Market by Enterprise Size
10.3.6.2.3 China Enterprise SSD Market by Application
10.3.6.3 India Enterprise SSD Market
10.3.6.3.1 India Enterprise SSD Market by Technology
10.3.6.3.2 India Enterprise SSD Market by Enterprise Size
10.3.6.3.3 India Enterprise SSD Market by Application
10.3.6.4 Japan Enterprise SSD Market
10.3.6.4.1 Japan Enterprise SSD Market by Technology
10.3.6.4.2 Japan Enterprise SSD Market by Enterprise Size
10.3.6.4.3 Japan Enterprise SSD Market by Application
10.3.6.5 South Korea Enterprise SSD Market
10.3.6.5.1 South Korea Enterprise SSD Market by Technology
10.3.6.5.2 South Korea Enterprise SSD Market by Enterprise Size
10.3.6.5.3 South Korea Enterprise SSD Market by Application
10.3.6.6 Rest of Asia-Pacific Enterprise SSD Market
10.3.6.6.1 Rest of Asia-Pacific Enterprise SSD Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Enterprise SSD Market by Enterprise Size
10.3.6.6.3 Rest of Asia-Pacific Enterprise SSD Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Enterprise SSD Market Overview
10.4.2 Middle East and Africa Enterprise SSD Market Forecasts and Analysis
10.4.3 Middle East and Africa Enterprise SSD Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Enterprise SSD Market Forecasts and Analysis - By Enterprise Size
10.4.5 Middle East and Africa Enterprise SSD Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Enterprise SSD Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Enterprise SSD Market
10.4.6.1.1 South Africa Enterprise SSD Market by Technology
10.4.6.1.2 South Africa Enterprise SSD Market by Enterprise Size
10.4.6.1.3 South Africa Enterprise SSD Market by Application
10.4.6.2 Saudi Arabia Enterprise SSD Market
10.4.6.2.1 Saudi Arabia Enterprise SSD Market by Technology
10.4.6.2.2 Saudi Arabia Enterprise SSD Market by Enterprise Size
10.4.6.2.3 Saudi Arabia Enterprise SSD Market by Application
10.4.6.3 U.A.E Enterprise SSD Market
10.4.6.3.1 U.A.E Enterprise SSD Market by Technology
10.4.6.3.2 U.A.E Enterprise SSD Market by Enterprise Size
10.4.6.3.3 U.A.E Enterprise SSD Market by Application
10.4.6.4 Rest of Middle East and Africa Enterprise SSD Market
10.4.6.4.1 Rest of Middle East and Africa Enterprise SSD Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Enterprise SSD Market by Enterprise Size
10.4.6.4.3 Rest of Middle East and Africa Enterprise SSD Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Enterprise SSD Market Overview
10.5.2 South and Central America Enterprise SSD Market Forecasts and Analysis
10.5.3 South and Central America Enterprise SSD Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Enterprise SSD Market Forecasts and Analysis - By Enterprise Size
10.5.5 South and Central America Enterprise SSD Market Forecasts and Analysis - By Application
10.5.6 South and Central America Enterprise SSD Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Enterprise SSD Market
10.5.6.1.1 Brazil Enterprise SSD Market by Technology
10.5.6.1.2 Brazil Enterprise SSD Market by Enterprise Size
10.5.6.1.3 Brazil Enterprise SSD Market by Application
10.5.6.2 Argentina Enterprise SSD Market
10.5.6.2.1 Argentina Enterprise SSD Market by Technology
10.5.6.2.2 Argentina Enterprise SSD Market by Enterprise Size
10.5.6.2.3 Argentina Enterprise SSD Market by Application
10.5.6.3 Rest of South and Central America Enterprise SSD Market
10.5.6.3.1 Rest of South and Central America Enterprise SSD Market by Technology
10.5.6.3.2 Rest of South and Central America Enterprise SSD Market by Enterprise Size
10.5.6.3.3 Rest of South and Central America Enterprise SSD 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. ENTERPRISE SSD MARKET, KEY COMPANY PROFILES
12.1. INTEL CORPORATION
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. KINGSTON TECHNOLOGY CORP.
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. MICRON TECHNOLOGY PLC
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. MICROSEMI
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. SAMSUNG ELECTRONICS CO. LTD.
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. SEAGATE TECHNOLOGY PLC
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. SK HYNIX INC.
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. TOSHIBA CORPORATION
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. VIKING TECHNOLOGY
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. WESTERN DIGITAL CORPORATION
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
1.Intel Corporation
2.Kingston Technology Corp.
3.Micron Technology PLC
4.Microsemi
5.Samsung Electronics Co. Ltd.
6.Seagate Technology PLC
7.SK Hynix Inc.
8.Toshiba Corporation
9.Viking Technology
10.Western Digital Corporation
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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