Hardware OTP Token Authentication Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Hardware OTP Token Authentication Market covers analysis by Type (Connected, Disconnected, Contactless); End-user (BFSI, Government, Enterprise Security, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004281
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Hardware OTP Token Authentication Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET OVERVIEW
The increase in the number of mobile-based transactions has driven the growth of global hardware OTP token authentication market. Hardware OTP token authentication assists organizations to secure their data with two-way authentication. Increase in mobile banking services is the primary factor that is expected to drive the growth of hardware OTP token authentication market.

MARKET SCOPE
The "Global Hardware OTP Token Authentication Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the hardware OTP token authentication market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading hardware OTP token authentication market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
  • Based on type, the market is segmented into connected, disconnected, and contactless.
  • Based on end user, the market is segmented into BFSI, government, enterprise security, and others.
MARKET DYNAMICS

Drivers  
  • Increasing cyber-attacks and growing concerns towards providing secure transaction are the significant factors that are expected to drive the growth of this hardware OTP token authentication. 
  • Increased cybersecurity spending by the organizations related to the BFSI sector is creating opportunities for the companies operating in the Hardware OTP token authentication market to gain a broad customer base.
Restraints
  • High replacement cost may hinder the growth of the hardware OTP token authentication market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hardware OTP token authentication market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the hardware OTP token authentication market in these regions.

IMPACT OF COVID-19 ON HARDWARE OTP TOKEN AUTHENTICATION MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.

World Geography

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hardware OTP token authentication market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. 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 affecting the hardware OTP token authentication market in these regions.

IMPACT OF COVID-19 ON HARDWARE OTP TOKEN AUTHENTICATION MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.

MARKET PLAYERS
The report covers key developments in the hardware OTP token authentication 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 the way for the expansion of the business and customer base of market players. The market players from the hardware OTP token authentication market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hardware OTP token authentication market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  • Dell Inc.
  • Duo
  • Entrust Corporation.
  • FEITIAN Technologies Co., Ltd.
  • Microcosm Ltd.
  • One Identity LLC.
  • OneSpan
  • RSA Security LLC
  • SurePassID, Corp.
  • Thales Group
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers 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
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.

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hardware OTP Token Authentication Market - By Type
1.3.2 Hardware OTP Token Authentication Market - By End user
1.3.3 Hardware OTP Token Authentication Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. HARDWARE OTP TOKEN AUTHENTICATION 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. HARDWARE OTP TOKEN AUTHENTICATION 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. HARDWARE OTP TOKEN AUTHENTICATION MARKET - GLOBAL MARKET ANALYSIS
6.1. HARDWARE OTP TOKEN AUTHENTICATION - GLOBAL MARKET OVERVIEW
6.2. HARDWARE OTP TOKEN AUTHENTICATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. HARDWARE OTP TOKEN AUTHENTICATION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CONNECTED
7.3.1. Overview
7.3.2. Connected Market Forecast and Analysis
7.4. DISCONNECTED
7.4.1. Overview
7.4.2. Disconnected Market Forecast and Analysis
7.5. CONTACTLESS
7.5.1. Overview
7.5.2. Contactless Market Forecast and Analysis

8. HARDWARE OTP TOKEN AUTHENTICATION MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. GOVERNMENT
8.4.1. Overview
8.4.2. Government Market Forecast and Analysis
8.5. ENTERPRISE SECURITY
8.5.1. Overview
8.5.2. Enterprise Security Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. HARDWARE OTP TOKEN AUTHENTICATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hardware OTP Token Authentication Market Overview
9.1.2 North America Hardware OTP Token Authentication Market Forecasts and Analysis
9.1.3 North America Hardware OTP Token Authentication Market Forecasts and Analysis - By Type
9.1.4 North America Hardware OTP Token Authentication Market Forecasts and Analysis - By End user
9.1.5 North America Hardware OTP Token Authentication Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hardware OTP Token Authentication Market
9.1.5.1.1 United States Hardware OTP Token Authentication Market by Type
9.1.5.1.2 United States Hardware OTP Token Authentication Market by End user
9.1.5.2 Canada Hardware OTP Token Authentication Market
9.1.5.2.1 Canada Hardware OTP Token Authentication Market by Type
9.1.5.2.2 Canada Hardware OTP Token Authentication Market by End user
9.1.5.3 Mexico Hardware OTP Token Authentication Market
9.1.5.3.1 Mexico Hardware OTP Token Authentication Market by Type
9.1.5.3.2 Mexico Hardware OTP Token Authentication Market by End user
9.2. EUROPE
9.2.1 Europe Hardware OTP Token Authentication Market Overview
9.2.2 Europe Hardware OTP Token Authentication Market Forecasts and Analysis
9.2.3 Europe Hardware OTP Token Authentication Market Forecasts and Analysis - By Type
9.2.4 Europe Hardware OTP Token Authentication Market Forecasts and Analysis - By End user
9.2.5 Europe Hardware OTP Token Authentication Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hardware OTP Token Authentication Market
9.2.5.1.1 Germany Hardware OTP Token Authentication Market by Type
9.2.5.1.2 Germany Hardware OTP Token Authentication Market by End user
9.2.5.2 France Hardware OTP Token Authentication Market
9.2.5.2.1 France Hardware OTP Token Authentication Market by Type
9.2.5.2.2 France Hardware OTP Token Authentication Market by End user
9.2.5.3 Italy Hardware OTP Token Authentication Market
9.2.5.3.1 Italy Hardware OTP Token Authentication Market by Type
9.2.5.3.2 Italy Hardware OTP Token Authentication Market by End user
9.2.5.4 United Kingdom Hardware OTP Token Authentication Market
9.2.5.4.1 United Kingdom Hardware OTP Token Authentication Market by Type
9.2.5.4.2 United Kingdom Hardware OTP Token Authentication Market by End user
9.2.5.5 Russia Hardware OTP Token Authentication Market
9.2.5.5.1 Russia Hardware OTP Token Authentication Market by Type
9.2.5.5.2 Russia Hardware OTP Token Authentication Market by End user
9.2.5.6 Rest of Europe Hardware OTP Token Authentication Market
9.2.5.6.1 Rest of Europe Hardware OTP Token Authentication Market by Type
9.2.5.6.2 Rest of Europe Hardware OTP Token Authentication Market by End user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hardware OTP Token Authentication Market Overview
9.3.2 Asia-Pacific Hardware OTP Token Authentication Market Forecasts and Analysis
9.3.3 Asia-Pacific Hardware OTP Token Authentication Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Hardware OTP Token Authentication Market Forecasts and Analysis - By End user
9.3.5 Asia-Pacific Hardware OTP Token Authentication Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hardware OTP Token Authentication Market
9.3.5.1.1 Australia Hardware OTP Token Authentication Market by Type
9.3.5.1.2 Australia Hardware OTP Token Authentication Market by End user
9.3.5.2 China Hardware OTP Token Authentication Market
9.3.5.2.1 China Hardware OTP Token Authentication Market by Type
9.3.5.2.2 China Hardware OTP Token Authentication Market by End user
9.3.5.3 India Hardware OTP Token Authentication Market
9.3.5.3.1 India Hardware OTP Token Authentication Market by Type
9.3.5.3.2 India Hardware OTP Token Authentication Market by End user
9.3.5.4 Japan Hardware OTP Token Authentication Market
9.3.5.4.1 Japan Hardware OTP Token Authentication Market by Type
9.3.5.4.2 Japan Hardware OTP Token Authentication Market by End user
9.3.5.5 South Korea Hardware OTP Token Authentication Market
9.3.5.5.1 South Korea Hardware OTP Token Authentication Market by Type
9.3.5.5.2 South Korea Hardware OTP Token Authentication Market by End user
9.3.5.6 Rest of Asia-Pacific Hardware OTP Token Authentication Market
9.3.5.6.1 Rest of Asia-Pacific Hardware OTP Token Authentication Market by Type
9.3.5.6.2 Rest of Asia-Pacific Hardware OTP Token Authentication Market by End user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hardware OTP Token Authentication Market Overview
9.4.2 Middle East and Africa Hardware OTP Token Authentication Market Forecasts and Analysis
9.4.3 Middle East and Africa Hardware OTP Token Authentication Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Hardware OTP Token Authentication Market Forecasts and Analysis - By End user
9.4.5 Middle East and Africa Hardware OTP Token Authentication Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hardware OTP Token Authentication Market
9.4.5.1.1 South Africa Hardware OTP Token Authentication Market by Type
9.4.5.1.2 South Africa Hardware OTP Token Authentication Market by End user
9.4.5.2 Saudi Arabia Hardware OTP Token Authentication Market
9.4.5.2.1 Saudi Arabia Hardware OTP Token Authentication Market by Type
9.4.5.2.2 Saudi Arabia Hardware OTP Token Authentication Market by End user
9.4.5.3 U.A.E Hardware OTP Token Authentication Market
9.4.5.3.1 U.A.E Hardware OTP Token Authentication Market by Type
9.4.5.3.2 U.A.E Hardware OTP Token Authentication Market by End user
9.4.5.4 Rest of Middle East and Africa Hardware OTP Token Authentication Market
9.4.5.4.1 Rest of Middle East and Africa Hardware OTP Token Authentication Market by Type
9.4.5.4.2 Rest of Middle East and Africa Hardware OTP Token Authentication Market by End user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hardware OTP Token Authentication Market Overview
9.5.2 South and Central America Hardware OTP Token Authentication Market Forecasts and Analysis
9.5.3 South and Central America Hardware OTP Token Authentication Market Forecasts and Analysis - By Type
9.5.4 South and Central America Hardware OTP Token Authentication Market Forecasts and Analysis - By End user
9.5.5 South and Central America Hardware OTP Token Authentication Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hardware OTP Token Authentication Market
9.5.5.1.1 Brazil Hardware OTP Token Authentication Market by Type
9.5.5.1.2 Brazil Hardware OTP Token Authentication Market by End user
9.5.5.2 Argentina Hardware OTP Token Authentication Market
9.5.5.2.1 Argentina Hardware OTP Token Authentication Market by Type
9.5.5.2.2 Argentina Hardware OTP Token Authentication Market by End user
9.5.5.3 Rest of South and Central America Hardware OTP Token Authentication Market
9.5.5.3.1 Rest of South and Central America Hardware OTP Token Authentication Market by Type
9.5.5.3.2 Rest of South and Central America Hardware OTP Token Authentication Market by End user

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. HARDWARE OTP TOKEN AUTHENTICATION MARKET, KEY COMPANY PROFILES
11.1. DELL INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DUO
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ENTRUST CORPORATION.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FEITIAN TECHNOLOGIES CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MICROCOSM LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ONE IDENTITY LLC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ONESPAN
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RSA SECURITY LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SUREPASSID, CORP.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THALES GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies
  1. Dell Inc.
  2. Duo
  3. Entrust Corporation.
  4. FEITIAN Technologies Co., Ltd.
  5. Microcosm Ltd.
  6. One Identity LLC.
  7. OneSpan
  8. RSA Security LLC
  9. SurePassID, Corp.
  10. Thales Group

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.

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