Hyper-Converged Infrastructure Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The Hyper Converged Infrastructure Market is expected to register a CAGR of 17.8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Component (Hardware, Software), Application (ROBO, VDI, Data Center Consolidation, Backup/Recovery/Disaster Recovery,Others), Organization Size (Large Enterprises, SMEs), Vertical (BFSI, IT and Telecom, Government, Healthcare, Manufacturing, 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 ReportThe report Hyper Converged Infrastructure 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.
Hyper Converged Infrastructure Market Segmentation
Component- Hardware
- Software
- ROBO
- VDI
- Data Center Consolidation
- Backup/Recovery/Disaster Recovery
- Others
- Large Enterprises
- SMEs
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
Strategic Insights
Hyper Converged Infrastructure Market Growth Drivers- Increased Demand for IT Infrastructure Simplification: Organizations are seeking simplified IT environments to reduce complexity and enhance efficiency. Hyper-converged infrastructure (HCI) combines storage, computing, and networking into a single solution, making it easier to manage and scale. This demand for simplicity in managing complex IT environments is driving the growth of the HCI market as businesses prioritize streamlined, cost-effective, and flexible solutions.
- Growth in Edge Computing: With the rise of edge computing, businesses need scalable, decentralized infrastructure to support data processing at the edge. HCI provides a compact, efficient solution that enables organizations to deploy and manage infrastructure closer to where data is generated. As the adoption of edge computing grows across industries, HCI is becoming the preferred infrastructure for managing distributed workloads, driving market growth.
- Cost Efficiency and Scalability: Hyper-converged infrastructure offers significant cost savings by consolidating IT functions into a single platform, reducing hardware and operational costs. The ability to scale resources on-demand allows businesses to grow their infrastructure without large upfront investments, making HCI an attractive option for organizations looking for both cost efficiency and scalability. This drives widespread adoption across small to large enterprises.
- Integration of AI and Automation: The integration of AI and automation into hyper-converged infrastructure solutions is a key trend. These technologies enhance operational efficiency by automating routine tasks such as system monitoring, troubleshooting, and workload management. The growing use of AI-driven management in HCI platforms improves system performance and reliability, making it a crucial factor in expanding the market.
- Hybrid Cloud Adoption: The adoption of hybrid cloud environments is driving the growth of hyper-converged infrastructure. HCI solutions are increasingly integrated with both on-premise and public cloud resources, enabling seamless workloads across private and public clouds. The flexibility and centralized management HCI provides for hybrid environments are becoming a key factor in driving organizations towards adopting these solutions.
- SMBs Adopting HCI Solutions: Small and medium-sized businesses (SMBs) are increasingly adopting hyper-converged infrastructure due to its affordability, ease of deployment, and simplified management. HCI solutions provide SMBs with enterprise-grade technology without the complexity or high costs of traditional IT infrastructures. This growing market for SMBs presents a significant opportunity for vendors to offer tailored solutions that meet the specific needs of smaller enterprises.
- Integration with Multi-Cloud Strategies: As organizations adopt multi-cloud strategies, the need for infrastructure that can seamlessly integrate and manage multiple cloud environments increases. Hyper-converged infrastructure is well-positioned to address this need by providing a unified platform that integrates on-premise, private, and public cloud environments. This capability opens opportunities for HCI providers to expand their offerings to businesses pursuing a multi-cloud approach.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hyper Converged Infrastructure 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 Hyper Converged Infrastructure 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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- 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 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
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Hybrid cloud adoption to play a significant role in the global hyper converged infrastructure market in the coming years
Increased demand for IT infrastructure simplification and growth in edge computing fueling market demand are the major factors driving the hyper converged infrastructure market
The global hyper converged infrastructure market is expected to grow at a CAGR of 17.8% during the forecast period 2024 - 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hyper-Converged Infrastructure Market - By Component
1.3.2 Hyper-Converged Infrastructure Market - By Application
1.3.3 Hyper-Converged Infrastructure Market - By Industry Vertical
1.3.4 Hyper-Converged Infrastructure Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HYPER-CONVERGED INFRASTRUCTURE 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. HYPER-CONVERGED INFRASTRUCTURE 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. HYPER-CONVERGED INFRASTRUCTURE MARKET - GLOBAL MARKET ANALYSIS
6.1. HYPER-CONVERGED INFRASTRUCTURE - GLOBAL MARKET OVERVIEW
6.2. HYPER-CONVERGED INFRASTRUCTURE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HYPER-CONVERGED INFRASTRUCTURE 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
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. HYPER-CONVERGED INFRASTRUCTURE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CRITICAL APPLICATION VIRTUALIZATION
8.3.1. Overview
8.3.2. Critical Application Virtualization Market Forecast and Analysis
8.4. DATA CENTER CONSOLIDATION
8.4.1. Overview
8.4.2. Data Center Consolidation Market Forecast and Analysis
8.5. VIRTUAL DESKTOP INFRASTRUCTURE
8.5.1. Overview
8.5.2. Virtual Desktop Infrastructure Market Forecast and Analysis
8.6. DISASTER RECOVERY
8.6.1. Overview
8.6.2. Disaster Recovery Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. HYPER-CONVERGED INFRASTRUCTURE MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. IT AND TELECOM
9.3.1. Overview
9.3.2. IT and Telecom Market Forecast and Analysis
9.4. BFSI
9.4.1. Overview
9.4.2. BFSI Market Forecast and Analysis
9.5. GOVERNMENT
9.5.1. Overview
9.5.2. Government Market Forecast and Analysis
9.6. HEALTHCARE
9.6.1. Overview
9.6.2. Healthcare Market Forecast and Analysis
9.7. MANUFACTURING
9.7.1. Overview
9.7.2. Manufacturing Market Forecast and Analysis
9.8. ENERGY
9.8.1. Overview
9.8.2. Energy Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. HYPER-CONVERGED INFRASTRUCTURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Hyper-Converged Infrastructure Market Overview
10.1.2 North America Hyper-Converged Infrastructure Market Forecasts and Analysis
10.1.3 North America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Component
10.1.4 North America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Application
10.1.5 North America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Countries
10.1.6.1 United States Hyper-Converged Infrastructure Market
10.1.6.1.1 United States Hyper-Converged Infrastructure Market by Component
10.1.6.1.2 United States Hyper-Converged Infrastructure Market by Application
10.1.6.1.3 United States Hyper-Converged Infrastructure Market by Industry Vertical
10.1.6.2 Canada Hyper-Converged Infrastructure Market
10.1.6.2.1 Canada Hyper-Converged Infrastructure Market by Component
10.1.6.2.2 Canada Hyper-Converged Infrastructure Market by Application
10.1.6.2.3 Canada Hyper-Converged Infrastructure Market by Industry Vertical
10.1.6.3 Mexico Hyper-Converged Infrastructure Market
10.1.6.3.1 Mexico Hyper-Converged Infrastructure Market by Component
10.1.6.3.2 Mexico Hyper-Converged Infrastructure Market by Application
10.1.6.3.3 Mexico Hyper-Converged Infrastructure Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe Hyper-Converged Infrastructure Market Overview
10.2.2 Europe Hyper-Converged Infrastructure Market Forecasts and Analysis
10.2.3 Europe Hyper-Converged Infrastructure Market Forecasts and Analysis - By Component
10.2.4 Europe Hyper-Converged Infrastructure Market Forecasts and Analysis - By Application
10.2.5 Europe Hyper-Converged Infrastructure Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe Hyper-Converged Infrastructure Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Hyper-Converged Infrastructure Market
10.2.6.1.1 Germany Hyper-Converged Infrastructure Market by Component
10.2.6.1.2 Germany Hyper-Converged Infrastructure Market by Application
10.2.6.1.3 Germany Hyper-Converged Infrastructure Market by Industry Vertical
10.2.6.2 France Hyper-Converged Infrastructure Market
10.2.6.2.1 France Hyper-Converged Infrastructure Market by Component
10.2.6.2.2 France Hyper-Converged Infrastructure Market by Application
10.2.6.2.3 France Hyper-Converged Infrastructure Market by Industry Vertical
10.2.6.3 Italy Hyper-Converged Infrastructure Market
10.2.6.3.1 Italy Hyper-Converged Infrastructure Market by Component
10.2.6.3.2 Italy Hyper-Converged Infrastructure Market by Application
10.2.6.3.3 Italy Hyper-Converged Infrastructure Market by Industry Vertical
10.2.6.4 United Kingdom Hyper-Converged Infrastructure Market
10.2.6.4.1 United Kingdom Hyper-Converged Infrastructure Market by Component
10.2.6.4.2 United Kingdom Hyper-Converged Infrastructure Market by Application
10.2.6.4.3 United Kingdom Hyper-Converged Infrastructure Market by Industry Vertical
10.2.6.5 Russia Hyper-Converged Infrastructure Market
10.2.6.5.1 Russia Hyper-Converged Infrastructure Market by Component
10.2.6.5.2 Russia Hyper-Converged Infrastructure Market by Application
10.2.6.5.3 Russia Hyper-Converged Infrastructure Market by Industry Vertical
10.2.6.6 Rest of Europe Hyper-Converged Infrastructure Market
10.2.6.6.1 Rest of Europe Hyper-Converged Infrastructure Market by Component
10.2.6.6.2 Rest of Europe Hyper-Converged Infrastructure Market by Application
10.2.6.6.3 Rest of Europe Hyper-Converged Infrastructure Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Hyper-Converged Infrastructure Market Overview
10.3.2 Asia-Pacific Hyper-Converged Infrastructure Market Forecasts and Analysis
10.3.3 Asia-Pacific Hyper-Converged Infrastructure Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Hyper-Converged Infrastructure Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Hyper-Converged Infrastructure Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific Hyper-Converged Infrastructure Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Hyper-Converged Infrastructure Market
10.3.6.1.1 Australia Hyper-Converged Infrastructure Market by Component
10.3.6.1.2 Australia Hyper-Converged Infrastructure Market by Application
10.3.6.1.3 Australia Hyper-Converged Infrastructure Market by Industry Vertical
10.3.6.2 China Hyper-Converged Infrastructure Market
10.3.6.2.1 China Hyper-Converged Infrastructure Market by Component
10.3.6.2.2 China Hyper-Converged Infrastructure Market by Application
10.3.6.2.3 China Hyper-Converged Infrastructure Market by Industry Vertical
10.3.6.3 India Hyper-Converged Infrastructure Market
10.3.6.3.1 India Hyper-Converged Infrastructure Market by Component
10.3.6.3.2 India Hyper-Converged Infrastructure Market by Application
10.3.6.3.3 India Hyper-Converged Infrastructure Market by Industry Vertical
10.3.6.4 Japan Hyper-Converged Infrastructure Market
10.3.6.4.1 Japan Hyper-Converged Infrastructure Market by Component
10.3.6.4.2 Japan Hyper-Converged Infrastructure Market by Application
10.3.6.4.3 Japan Hyper-Converged Infrastructure Market by Industry Vertical
10.3.6.5 South Korea Hyper-Converged Infrastructure Market
10.3.6.5.1 South Korea Hyper-Converged Infrastructure Market by Component
10.3.6.5.2 South Korea Hyper-Converged Infrastructure Market by Application
10.3.6.5.3 South Korea Hyper-Converged Infrastructure Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific Hyper-Converged Infrastructure Market
10.3.6.6.1 Rest of Asia-Pacific Hyper-Converged Infrastructure Market by Component
10.3.6.6.2 Rest of Asia-Pacific Hyper-Converged Infrastructure Market by Application
10.3.6.6.3 Rest of Asia-Pacific Hyper-Converged Infrastructure Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Hyper-Converged Infrastructure Market Overview
10.4.2 Middle East and Africa Hyper-Converged Infrastructure Market Forecasts and Analysis
10.4.3 Middle East and Africa Hyper-Converged Infrastructure Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Hyper-Converged Infrastructure Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Hyper-Converged Infrastructure Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa Hyper-Converged Infrastructure Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Hyper-Converged Infrastructure Market
10.4.6.1.1 South Africa Hyper-Converged Infrastructure Market by Component
10.4.6.1.2 South Africa Hyper-Converged Infrastructure Market by Application
10.4.6.1.3 South Africa Hyper-Converged Infrastructure Market by Industry Vertical
10.4.6.2 Saudi Arabia Hyper-Converged Infrastructure Market
10.4.6.2.1 Saudi Arabia Hyper-Converged Infrastructure Market by Component
10.4.6.2.2 Saudi Arabia Hyper-Converged Infrastructure Market by Application
10.4.6.2.3 Saudi Arabia Hyper-Converged Infrastructure Market by Industry Vertical
10.4.6.3 U.A.E Hyper-Converged Infrastructure Market
10.4.6.3.1 U.A.E Hyper-Converged Infrastructure Market by Component
10.4.6.3.2 U.A.E Hyper-Converged Infrastructure Market by Application
10.4.6.3.3 U.A.E Hyper-Converged Infrastructure Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa Hyper-Converged Infrastructure Market
10.4.6.4.1 Rest of Middle East and Africa Hyper-Converged Infrastructure Market by Component
10.4.6.4.2 Rest of Middle East and Africa Hyper-Converged Infrastructure Market by Application
10.4.6.4.3 Rest of Middle East and Africa Hyper-Converged Infrastructure Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Hyper-Converged Infrastructure Market Overview
10.5.2 South and Central America Hyper-Converged Infrastructure Market Forecasts and Analysis
10.5.3 South and Central America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Component
10.5.4 South and Central America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Application
10.5.5 South and Central America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America Hyper-Converged Infrastructure Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Hyper-Converged Infrastructure Market
10.5.6.1.1 Brazil Hyper-Converged Infrastructure Market by Component
10.5.6.1.2 Brazil Hyper-Converged Infrastructure Market by Application
10.5.6.1.3 Brazil Hyper-Converged Infrastructure Market by Industry Vertical
10.5.6.2 Argentina Hyper-Converged Infrastructure Market
10.5.6.2.1 Argentina Hyper-Converged Infrastructure Market by Component
10.5.6.2.2 Argentina Hyper-Converged Infrastructure Market by Application
10.5.6.2.3 Argentina Hyper-Converged Infrastructure Market by Industry Vertical
10.5.6.3 Rest of South and Central America Hyper-Converged Infrastructure Market
10.5.6.3.1 Rest of South and Central America Hyper-Converged Infrastructure Market by Component
10.5.6.3.2 Rest of South and Central America Hyper-Converged Infrastructure Market by Application
10.5.6.3.3 Rest of South and Central America Hyper-Converged Infrastructure Market by Industry Vertical
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. HYPER-CONVERGED INFRASTRUCTURE 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. DELL INC.
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. HEWLETT PACKARD ENTERPRISE
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. MICROSOFT CORPORATION
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. NETAPP, 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. NUTANIX
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. PIVOT3
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. RED HAT, INC.
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. SCALE COMPUTING
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. VMWARE, INC.
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. Cisco Systems, Inc.
2. Dell Inc.
3. Hewlett Packard Enterprise
4. Microsoft Corporation
5. Netapp, Inc.
6. Nutanix
7. Pivot3
8. Red Hat, Inc.
9. Scale Computing
10. Vmware, Inc.
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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