Green Data Center Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Coverage: Green Data Center Market covers analysis By Component (Solutions [Power, Servers, Networking Technologies, Cooling, Other], Services), Data Center Size (Small and Medium Data Centers, Large Data Centers), Industry (BFSI, Retail, Telecom and IT, Healthcare, Others), and Geography

  • Report Code : TIPTE100000260
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Green Data Center Market Key Findings by 2031

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The Green Data Center Market is expected to register a CAGR of 19.2% 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 (Solutions [Power, Servers, Networking Technologies, Cooling, Other], Services), Data Center Size (Small and Medium Data Centers, Large Data Centers), Industry (BFSI, Retail, Telecom and IT, Healthcare, Others). 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

Purpose of the Report

The report Green Data Center 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.

Green Data Center Market Segmentation

Component

  • Solutions [Power
  • Servers
  • Networking Technologies
  • Cooling
  • Other]
  • Services

Data Center Size

  • Small and Medium Data Centers
  • Large Data Centers

Industry

  • BFSI
  • Retail
  • Telecom and IT
  • Healthcare
  • Others

Geography

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South and Central America

Geography

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South and Central America

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Green Data Center Market: Strategic Insights

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Green Data Center Market Growth Drivers

  • Escalating Energy Consumption and Carbon Footprint: Rising global data center electricity consumption, projected to reach 8% of worldwide electricity demand by 2030, is compelling organizations to adopt energy-efficient and sustainable computing infrastructure to mitigate environmental impact and reduce operational carbon emissions.
  • Stringent Government Regulations and Sustainability Mandates: Increasing governmental policies and regulatory frameworks focused on reducing greenhouse gas emissions and promoting renewable energy adoption are pushing data center operators to invest in green technologies, implement energy-efficient designs, and demonstrate measurable sustainability performance

Green Data Center Market Future Trends

  • Renewable Energy Integration and Power Purchase Agreements: Data centers are increasingly transitioning to renewable energy sources through direct power purchase agreements, on-site solar and wind installations, and strategic partnerships with green energy providers, enabling substantial reduction in carbon footprint and achieving long-term sustainability objectives.
  • Improved Efficiency with Smart Technologies: The adoption of smart technologies like AI, machine learning, and Internet of Things (IoT) in data centers allows for better energy management and resource allocation. These technologies help optimize cooling systems, adjust power usage based on demand, and prevent energy waste, thereby driving the shift toward green data centers.

Green Data Center Market Opportunities

  • Advanced Cooling Technologies and Thermal Management: Innovative cooling solutions like liquid immersion cooling, free air cooling, and advanced heat exchange systems present significant opportunities to dramatically reduce energy consumption, improve computational efficiency, and lower operational costs in data center environments.
  • Circular Economy and Sustainable Infrastructure Design: Emerging market opportunities exist in developing modular, recyclable, and energy-efficient data center infrastructures that prioritize sustainable material sourcing, waste reduction, equipment lifecycle management, and holistic environmental performance optimization.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Green Data Center 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 Green Data Center 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.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the options available for the customization of this report?

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

What are the deliverable formats of the market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request

What are the future trends of the green data center market?

Renewable energy integration and power purchase agreements is anticipated to play a significant role in the global green data center market in the coming years

What is the expected CAGR of the green data center market?

The Green Data Center Market is estimated to witness a CAGR of 19.2% from 2023 to 2031

What are the driving factors impacting the global green data center market?

Escalating energy consumption and carbon footprint and stringent government regulations and sustainability mandates are the major factors driving the green data center market

TABLE OF CONTENT

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Green Data Center Market - By Component
1.3.2 Green Data Center Market - By Industry
1.3.3 Green Data Center Market - By Data Center Size
1.3.4 Green Data Center Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. GREEN DATA CENTER 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. GREEN DATA CENTER 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. GREEN DATA CENTER MARKET - GLOBAL MARKET ANALYSIS
6.1. GREEN DATA CENTER - GLOBAL MARKET OVERVIEW
6.2. GREEN DATA CENTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. GREEN DATA CENTER MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTIONS
7.3.1. Overview
7.3.2. Solutions Market Forecast and Analysis
7.3.3. Power Market
7.3.3.1. Overview
7.3.3.2. Power Market Forecast and Analysis
7.3.4. Servers Market
7.3.4.1. Overview
7.3.4.2. Servers Market Forecast and Analysis
7.3.5. Networking Technologies Market
7.3.5.1. Overview
7.3.5.2. Networking Technologies Market Forecast and Analysis
7.3.6. Cooling Market
7.3.6.1. Overview
7.3.6.2. Cooling Market Forecast and Analysis
7.3.7. Other Market
7.3.7.1. Overview
7.3.7.2. Other Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis

8. GREEN DATA CENTER MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY
8.1. OVERVIEW
8.2. INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. RETAIL
8.4.1. Overview
8.4.2. Retail Market Forecast and Analysis
8.5. TELECOM AND IT
8.5.1. Overview
8.5.2. Telecom and IT Market Forecast and Analysis
8.6. HEALTHCARE
8.6.1. Overview
8.6.2. Healthcare Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. GREEN DATA CENTER MARKET - REVENUE AND FORECASTS TO 2028 - DATA CENTER SIZE
9.1. OVERVIEW
9.2. DATA CENTER SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMALL AND MEDIUM DATA CENTERS
9.3.1. Overview
9.3.2. Small and Medium Data Centers Market Forecast and Analysis
9.4. LARGE DATA CENTERS
9.4.1. Overview
9.4.2. Large Data Centers Market Forecast and Analysis

10. GREEN DATA CENTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Green Data Center Market Overview
10.1.2 North America Green Data Center Market Forecasts and Analysis
10.1.3 North America Green Data Center Market Forecasts and Analysis - By Component
10.1.4 North America Green Data Center Market Forecasts and Analysis - By Industry
10.1.5 North America Green Data Center Market Forecasts and Analysis - By Data Center Size
10.1.6 North America Green Data Center Market Forecasts and Analysis - By Countries
10.1.6.1 United States Green Data Center Market
10.1.6.1.1 United States Green Data Center Market by Component
10.1.6.1.2 United States Green Data Center Market by Industry
10.1.6.1.3 United States Green Data Center Market by Data Center Size
10.1.6.2 Canada Green Data Center Market
10.1.6.2.1 Canada Green Data Center Market by Component
10.1.6.2.2 Canada Green Data Center Market by Industry
10.1.6.2.3 Canada Green Data Center Market by Data Center Size
10.1.6.3 Mexico Green Data Center Market
10.1.6.3.1 Mexico Green Data Center Market by Component
10.1.6.3.2 Mexico Green Data Center Market by Industry
10.1.6.3.3 Mexico Green Data Center Market by Data Center Size
10.2. EUROPE
10.2.1 Europe Green Data Center Market Overview
10.2.2 Europe Green Data Center Market Forecasts and Analysis
10.2.3 Europe Green Data Center Market Forecasts and Analysis - By Component
10.2.4 Europe Green Data Center Market Forecasts and Analysis - By Industry
10.2.5 Europe Green Data Center Market Forecasts and Analysis - By Data Center Size
10.2.6 Europe Green Data Center Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Green Data Center Market
10.2.6.1.1 Germany Green Data Center Market by Component
10.2.6.1.2 Germany Green Data Center Market by Industry
10.2.6.1.3 Germany Green Data Center Market by Data Center Size
10.2.6.2 France Green Data Center Market
10.2.6.2.1 France Green Data Center Market by Component
10.2.6.2.2 France Green Data Center Market by Industry
10.2.6.2.3 France Green Data Center Market by Data Center Size
10.2.6.3 Italy Green Data Center Market
10.2.6.3.1 Italy Green Data Center Market by Component
10.2.6.3.2 Italy Green Data Center Market by Industry
10.2.6.3.3 Italy Green Data Center Market by Data Center Size
10.2.6.4 United Kingdom Green Data Center Market
10.2.6.4.1 United Kingdom Green Data Center Market by Component
10.2.6.4.2 United Kingdom Green Data Center Market by Industry
10.2.6.4.3 United Kingdom Green Data Center Market by Data Center Size
10.2.6.5 Russia Green Data Center Market
10.2.6.5.1 Russia Green Data Center Market by Component
10.2.6.5.2 Russia Green Data Center Market by Industry
10.2.6.5.3 Russia Green Data Center Market by Data Center Size
10.2.6.6 Rest of Europe Green Data Center Market
10.2.6.6.1 Rest of Europe Green Data Center Market by Component
10.2.6.6.2 Rest of Europe Green Data Center Market by Industry
10.2.6.6.3 Rest of Europe Green Data Center Market by Data Center Size
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Green Data Center Market Overview
10.3.2 Asia-Pacific Green Data Center Market Forecasts and Analysis
10.3.3 Asia-Pacific Green Data Center Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Green Data Center Market Forecasts and Analysis - By Industry
10.3.5 Asia-Pacific Green Data Center Market Forecasts and Analysis - By Data Center Size
10.3.6 Asia-Pacific Green Data Center Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Green Data Center Market
10.3.6.1.1 Australia Green Data Center Market by Component
10.3.6.1.2 Australia Green Data Center Market by Industry
10.3.6.1.3 Australia Green Data Center Market by Data Center Size
10.3.6.2 China Green Data Center Market
10.3.6.2.1 China Green Data Center Market by Component
10.3.6.2.2 China Green Data Center Market by Industry
10.3.6.2.3 China Green Data Center Market by Data Center Size
10.3.6.3 India Green Data Center Market
10.3.6.3.1 India Green Data Center Market by Component
10.3.6.3.2 India Green Data Center Market by Industry
10.3.6.3.3 India Green Data Center Market by Data Center Size
10.3.6.4 Japan Green Data Center Market
10.3.6.4.1 Japan Green Data Center Market by Component
10.3.6.4.2 Japan Green Data Center Market by Industry
10.3.6.4.3 Japan Green Data Center Market by Data Center Size
10.3.6.5 South Korea Green Data Center Market
10.3.6.5.1 South Korea Green Data Center Market by Component
10.3.6.5.2 South Korea Green Data Center Market by Industry
10.3.6.5.3 South Korea Green Data Center Market by Data Center Size
10.3.6.6 Rest of Asia-Pacific Green Data Center Market
10.3.6.6.1 Rest of Asia-Pacific Green Data Center Market by Component
10.3.6.6.2 Rest of Asia-Pacific Green Data Center Market by Industry
10.3.6.6.3 Rest of Asia-Pacific Green Data Center Market by Data Center Size
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Green Data Center Market Overview
10.4.2 Middle East and Africa Green Data Center Market Forecasts and Analysis
10.4.3 Middle East and Africa Green Data Center Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Green Data Center Market Forecasts and Analysis - By Industry
10.4.5 Middle East and Africa Green Data Center Market Forecasts and Analysis - By Data Center Size
10.4.6 Middle East and Africa Green Data Center Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Green Data Center Market
10.4.6.1.1 South Africa Green Data Center Market by Component
10.4.6.1.2 South Africa Green Data Center Market by Industry
10.4.6.1.3 South Africa Green Data Center Market by Data Center Size
10.4.6.2 Saudi Arabia Green Data Center Market
10.4.6.2.1 Saudi Arabia Green Data Center Market by Component
10.4.6.2.2 Saudi Arabia Green Data Center Market by Industry
10.4.6.2.3 Saudi Arabia Green Data Center Market by Data Center Size
10.4.6.3 U.A.E Green Data Center Market
10.4.6.3.1 U.A.E Green Data Center Market by Component
10.4.6.3.2 U.A.E Green Data Center Market by Industry
10.4.6.3.3 U.A.E Green Data Center Market by Data Center Size
10.4.6.4 Rest of Middle East and Africa Green Data Center Market
10.4.6.4.1 Rest of Middle East and Africa Green Data Center Market by Component
10.4.6.4.2 Rest of Middle East and Africa Green Data Center Market by Industry
10.4.6.4.3 Rest of Middle East and Africa Green Data Center Market by Data Center Size
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Green Data Center Market Overview
10.5.2 South and Central America Green Data Center Market Forecasts and Analysis
10.5.3 South and Central America Green Data Center Market Forecasts and Analysis - By Component
10.5.4 South and Central America Green Data Center Market Forecasts and Analysis - By Industry
10.5.5 South and Central America Green Data Center Market Forecasts and Analysis - By Data Center Size
10.5.6 South and Central America Green Data Center Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Green Data Center Market
10.5.6.1.1 Brazil Green Data Center Market by Component
10.5.6.1.2 Brazil Green Data Center Market by Industry
10.5.6.1.3 Brazil Green Data Center Market by Data Center Size
10.5.6.2 Argentina Green Data Center Market
10.5.6.2.1 Argentina Green Data Center Market by Component
10.5.6.2.2 Argentina Green Data Center Market by Industry
10.5.6.2.3 Argentina Green Data Center Market by Data Center Size
10.5.6.3 Rest of South and Central America Green Data Center Market
10.5.6.3.1 Rest of South and Central America Green Data Center Market by Component
10.5.6.3.2 Rest of South and Central America Green Data Center Market by Industry
10.5.6.3.3 Rest of South and Central America Green Data Center Market by Data Center Size

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. GREEN DATA CENTER MARKET, KEY COMPANY PROFILES
12.1. CISCO SYSTEMS, INC.
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. DELTA POWER SOLUTIONS
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. DIGITAL REALTY TRUST
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. EATON
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. EQUINIX, 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. FUJITSU
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. HCL TECHNOLOGIES LIMITED
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. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
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. IBM
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. SCHNEIDER ELECTRIC
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. Cisco Systems, Inc.
  2. Delta Power Solutions
  3. Digital Realty Trust
  4. Eaton
  5. Equinix, Inc.
  6. FUJITSU
  7. HCL Technologies Limited
  8. Hewlett Packard Enterprise Development LP
  9. IBM
  10. Schneider Electric

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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