Identity Governance and Administration Market Report 2031
The Identity Governance and Administration Market is expected to register a CAGR of 16.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component [Solution, Service (Professional Services, Managed Services)]; Deployment (On-Premises, Cloud); Enterprise Size (Small and Medium Enterprises, Large Enterprises); Application (Account Management, Customer Management, Fraud Detection, GRC Management, Identity and Access Management, Others); Industry Vertical (BFSI, IT and Telecom, Government and Defense, Energy and Utilities, Manufacturing, Retail, 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 ReportThe report Identity Governance and Administration 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.
Identity Governance and Administration Market Segmentation
Component- Solution
- Service
- On-Premises
- Cloud
- Small and Medium Enterprises
- Large Enterprises
- Account Management
- Customer Management
- Fraud Detection
- GRC Management
- Identity and Access Management
- Account Management
- Customer Management
- Fraud Detection
- GRC Management
- Identity and Access Management
Strategic Insights
Identity Governance and Administration Market Growth Drivers- Increasing Regulatory Compliance Requirements: As data protection and privacy rules like GDPR, HIPAA, and SOX become more stringent, firms are forced to implement IGA solutions. These systems provide adequate identity management, user access controls, and audit trails, which are critical for meeting compliance standards and avoiding penalties.
- Rising Cybersecurity Threats and Data Breaches: Cyberattacks are becoming more frequent and sophisticated, making robust identity and access management (IAM) a top responsibility. IGA solutions are crucial for ensuring that only authorized persons have access to sensitive data, lowering the risk of internal and external security breaches.
- Decentralized Identity Management: As blockchain and decentralized technologies gain popularity, there is a growing trend toward decentralized identity management. This approach empowers individuals to handle their own identity data, potentially increasing privacy and reducing dependency on centralized identity providers, changing traditional identity management procedures.
- Rise of Identity as a Service (IDaaS): The shift towards cloud-based Identity Governance and Administration is driving the growth of Identity as a Service (IDaaS). IDaaS solutions offer scalable, subscription-based services for managing identity governance tasks like user provisioning, policy enforcement, and access auditing, making them more accessible to organizations of all sizes.
- Integration with Cloud and Hybrid Environments: With the growing adoption of cloud computing and hybrid IT infrastructures, there is a big opportunity for IGA solutions that can smoothly integrate between on-premise and cloud applications. This enables enterprises to successfully manage identities and access across a variety of situations.
- Automation and AI-Powered Identity Governance: The emergence of AI and machine learning (ML) has created an opportunity for IGA suppliers to incorporate automation, predictive analytics, and anomaly detection. These enhanced features help speed up identity lifecycle management, improve decision-making, and increase security by detecting possible threats or policy violations in real-time.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Identity Governance and Administration 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 Identity Governance and Administration Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
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
Decentralized identity management is likely to remain a key trend in the market.
The Identity Governance and Administration Market is estimated to witness a CAGR of 16.8% from 2023 to 2031
Increasing regulatory compliance requirements and rising cybersecurity threats and data breaches are the major factors driving the identity governance and administration market.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Identity Governance And Administration Market - By Component
1.3.2Identity Governance And Administration Market - By Deployment Type
1.3.3Identity Governance And Administration Market - By Organization Size
1.3.4Identity Governance And Administration Market - By Industry Vertical
1.3.5Identity Governance And Administration Market - By Region
1.3.5.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.IDENTITY GOVERNANCE AND ADMINISTRATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.IDENTITY GOVERNANCE AND ADMINISTRATION 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.IDENTITY GOVERNANCE AND ADMINISTRATION MARKET - GLOBAL MARKET ANALYSIS
6.1.IDENTITY GOVERNANCE AND ADMINISTRATION - GLOBAL MARKET OVERVIEW
6.2.IDENTITY GOVERNANCE AND ADMINISTRATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.IDENTITY GOVERNANCE AND ADMINISTRATION 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.IDENTITY GOVERNANCE AND ADMINISTRATION MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
8.1.OVERVIEW
8.2.DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3.ON-PREMISES
8.3.1.Overview
8.3.2.On-Premises Market Forecast and Analysis
8.4.CLOUD
8.4.1.Overview
8.4.2.Cloud Market Forecast and Analysis
9.IDENTITY GOVERNANCE AND ADMINISTRATION MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
9.1.OVERVIEW
9.2.ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
9.3.SMALL AND MEDIUM-SIZED ENTERPRISES
9.3.1.Overview
9.3.2.Small and Medium-Sized Enterprises Market Forecast and Analysis
9.4.LARGE ENTERPRISES
9.4.1.Overview
9.4.2.Large Enterprises Market Forecast and Analysis
10.IDENTITY GOVERNANCE AND ADMINISTRATION MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1.OVERVIEW
10.2.INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3.BANKING FINANCIAL SERVICES AND INSURANCE
10.3.1.Overview
10.3.2.Banking Financial Services and Insurance Market Forecast and Analysis
10.4.GOVERNMENT AND DEFENSE
10.4.1.Overview
10.4.2.Government and Defense Market Forecast and Analysis
10.5.TELECOM AND IT
10.5.1.Overview
10.5.2.Telecom and It Market Forecast and Analysis
10.6.ENERGY AND UTILITIES
10.6.1.Overview
10.6.2.Energy and Utilities Market Forecast and Analysis
10.7.MANUFACTURING
10.7.1.Overview
10.7.2.Manufacturing Market Forecast and Analysis
10.8.RETAIL AND CONSUMER GOODS
10.8.1.Overview
10.8.2.Retail and Consumer Goods Market Forecast and Analysis
10.9.HEALTHCARE AND LIFE SCIENCES AND HEALTHCARE AND OTHERS
10.9.1.Overview
10.9.2.Healthcare and Life Sciences and Healthcare and Others Market Forecast and Analysis
11.IDENTITY GOVERNANCE AND ADMINISTRATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Identity Governance And Administration Market Overview
11.1.2North America Identity Governance And Administration Market Forecasts and Analysis
11.1.3North America Identity Governance And Administration Market Forecasts and Analysis - By Component
11.1.4North America Identity Governance And Administration Market Forecasts and Analysis - By Deployment Type
11.1.5North America Identity Governance And Administration Market Forecasts and Analysis - By Organization Size
11.1.6North America Identity Governance And Administration Market Forecasts and Analysis - By Industry Vertical
11.1.7North America Identity Governance And Administration Market Forecasts and Analysis - By Countries
11.1.7.1United States Identity Governance And Administration Market
11.1.7.1.1United States Identity Governance And Administration Market by Component
11.1.7.1.2United States Identity Governance And Administration Market by Deployment Type
11.1.7.1.3United States Identity Governance And Administration Market by Organization Size
11.1.7.1.4United States Identity Governance And Administration Market by Industry Vertical
11.1.7.2Canada Identity Governance And Administration Market
11.1.7.2.1Canada Identity Governance And Administration Market by Component
11.1.7.2.2Canada Identity Governance And Administration Market by Deployment Type
11.1.7.2.3Canada Identity Governance And Administration Market by Organization Size
11.1.7.2.4Canada Identity Governance And Administration Market by Industry Vertical
11.2.EUROPE
11.2.1Europe Identity Governance And Administration Market Overview
11.2.2Europe Identity Governance And Administration Market Forecasts and Analysis
11.2.3Europe Identity Governance And Administration Market Forecasts and Analysis - By Component
11.2.4Europe Identity Governance And Administration Market Forecasts and Analysis - By Deployment Type
11.2.5Europe Identity Governance And Administration Market Forecasts and Analysis - By Organization Size
11.2.6Europe Identity Governance And Administration Market Forecasts and Analysis - By Industry Vertical
11.2.7Europe Identity Governance And Administration Market Forecasts and Analysis - By Countries
11.2.7.1Germany Identity Governance And Administration Market
11.2.7.1.1Germany Identity Governance And Administration Market by Component
11.2.7.1.2Germany Identity Governance And Administration Market by Deployment Type
11.2.7.1.3Germany Identity Governance And Administration Market by Organization Size
11.2.7.1.4Germany Identity Governance And Administration Market by Industry Vertical
11.2.7.2France Identity Governance And Administration Market
11.2.7.2.1France Identity Governance And Administration Market by Component
11.2.7.2.2France Identity Governance And Administration Market by Deployment Type
11.2.7.2.3France Identity Governance And Administration Market by Organization Size
11.2.7.2.4France Identity Governance And Administration Market by Industry Vertical
11.2.7.3Italy Identity Governance And Administration Market
11.2.7.3.1Italy Identity Governance And Administration Market by Component
11.2.7.3.2Italy Identity Governance And Administration Market by Deployment Type
11.2.7.3.3Italy Identity Governance And Administration Market by Organization Size
11.2.7.3.4Italy Identity Governance And Administration Market by Industry Vertical
11.2.7.4United Kingdom Identity Governance And Administration Market
11.2.7.4.1United Kingdom Identity Governance And Administration Market by Component
11.2.7.4.2United Kingdom Identity Governance And Administration Market by Deployment Type
11.2.7.4.3United Kingdom Identity Governance And Administration Market by Organization Size
11.2.7.4.4United Kingdom Identity Governance And Administration Market by Industry Vertical
11.2.7.5Russia Identity Governance And Administration Market
11.2.7.5.1Russia Identity Governance And Administration Market by Component
11.2.7.5.2Russia Identity Governance And Administration Market by Deployment Type
11.2.7.5.3Russia Identity Governance And Administration Market by Organization Size
11.2.7.5.4Russia Identity Governance And Administration Market by Industry Vertical
11.2.7.6Rest of Europe Identity Governance And Administration Market
11.2.7.6.1Rest of Europe Identity Governance And Administration Market by Component
11.2.7.6.2Rest of Europe Identity Governance And Administration Market by Deployment Type
11.2.7.6.3Rest of Europe Identity Governance And Administration Market by Organization Size
11.2.7.6.4Rest of Europe Identity Governance And Administration Market by Industry Vertical
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Identity Governance And Administration Market Overview
11.3.2Asia-Pacific Identity Governance And Administration Market Forecasts and Analysis
11.3.3Asia-Pacific Identity Governance And Administration Market Forecasts and Analysis - By Component
11.3.4Asia-Pacific Identity Governance And Administration Market Forecasts and Analysis - By Deployment Type
11.3.5Asia-Pacific Identity Governance And Administration Market Forecasts and Analysis - By Organization Size
11.3.6Asia-Pacific Identity Governance And Administration Market Forecasts and Analysis - By Industry Vertical
11.3.7Asia-Pacific Identity Governance And Administration Market Forecasts and Analysis - By Countries
11.3.7.1Australia Identity Governance And Administration Market
11.3.7.1.1Australia Identity Governance And Administration Market by Component
11.3.7.1.2Australia Identity Governance And Administration Market by Deployment Type
11.3.7.1.3Australia Identity Governance And Administration Market by Organization Size
11.3.7.1.4Australia Identity Governance And Administration Market by Industry Vertical
11.3.7.2China Identity Governance And Administration Market
11.3.7.2.1China Identity Governance And Administration Market by Component
11.3.7.2.2China Identity Governance And Administration Market by Deployment Type
11.3.7.2.3China Identity Governance And Administration Market by Organization Size
11.3.7.2.4China Identity Governance And Administration Market by Industry Vertical
11.3.7.3India Identity Governance And Administration Market
11.3.7.3.1India Identity Governance And Administration Market by Component
11.3.7.3.2India Identity Governance And Administration Market by Deployment Type
11.3.7.3.3India Identity Governance And Administration Market by Organization Size
11.3.7.3.4India Identity Governance And Administration Market by Industry Vertical
11.3.7.4Japan Identity Governance And Administration Market
11.3.7.4.1Japan Identity Governance And Administration Market by Component
11.3.7.4.2Japan Identity Governance And Administration Market by Deployment Type
11.3.7.4.3Japan Identity Governance And Administration Market by Organization Size
11.3.7.4.4Japan Identity Governance And Administration Market by Industry Vertical
11.3.7.5South Korea Identity Governance And Administration Market
11.3.7.5.1South Korea Identity Governance And Administration Market by Component
11.3.7.5.2South Korea Identity Governance And Administration Market by Deployment Type
11.3.7.5.3South Korea Identity Governance And Administration Market by Organization Size
11.3.7.5.4South Korea Identity Governance And Administration Market by Industry Vertical
11.3.7.6Rest of Asia-Pacific Identity Governance And Administration Market
11.3.7.6.1Rest of Asia-Pacific Identity Governance And Administration Market by Component
11.3.7.6.2Rest of Asia-Pacific Identity Governance And Administration Market by Deployment Type
11.3.7.6.3Rest of Asia-Pacific Identity Governance And Administration Market by Organization Size
11.3.7.6.4Rest of Asia-Pacific Identity Governance And Administration Market by Industry Vertical
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Identity Governance And Administration Market Overview
11.4.2Middle East and Africa Identity Governance And Administration Market Forecasts and Analysis
11.4.3Middle East and Africa Identity Governance And Administration Market Forecasts and Analysis - By Component
11.4.4Middle East and Africa Identity Governance And Administration Market Forecasts and Analysis - By Deployment Type
11.4.5Middle East and Africa Identity Governance And Administration Market Forecasts and Analysis - By Organization Size
11.4.6Middle East and Africa Identity Governance And Administration Market Forecasts and Analysis - By Industry Vertical
11.4.7Middle East and Africa Identity Governance And Administration Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Identity Governance And Administration Market
11.4.7.1.1South Africa Identity Governance And Administration Market by Component
11.4.7.1.2South Africa Identity Governance And Administration Market by Deployment Type
11.4.7.1.3South Africa Identity Governance And Administration Market by Organization Size
11.4.7.1.4South Africa Identity Governance And Administration Market by Industry Vertical
11.4.7.2Saudi Arabia Identity Governance And Administration Market
11.4.7.2.1Saudi Arabia Identity Governance And Administration Market by Component
11.4.7.2.2Saudi Arabia Identity Governance And Administration Market by Deployment Type
11.4.7.2.3Saudi Arabia Identity Governance And Administration Market by Organization Size
11.4.7.2.4Saudi Arabia Identity Governance And Administration Market by Industry Vertical
11.4.7.3U.A.E Identity Governance And Administration Market
11.4.7.3.1U.A.E Identity Governance And Administration Market by Component
11.4.7.3.2U.A.E Identity Governance And Administration Market by Deployment Type
11.4.7.3.3U.A.E Identity Governance And Administration Market by Organization Size
11.4.7.3.4U.A.E Identity Governance And Administration Market by Industry Vertical
11.4.7.4Rest of Middle East and Africa Identity Governance And Administration Market
11.4.7.4.1Rest of Middle East and Africa Identity Governance And Administration Market by Component
11.4.7.4.2Rest of Middle East and Africa Identity Governance And Administration Market by Deployment Type
11.4.7.4.3Rest of Middle East and Africa Identity Governance And Administration Market by Organization Size
11.4.7.4.4Rest of Middle East and Africa Identity Governance And Administration Market by Industry Vertical
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Identity Governance And Administration Market Overview
11.5.2South and Central America Identity Governance And Administration Market Forecasts and Analysis
11.5.3South and Central America Identity Governance And Administration Market Forecasts and Analysis - By Component
11.5.4South and Central America Identity Governance And Administration Market Forecasts and Analysis - By Deployment Type
11.5.5South and Central America Identity Governance And Administration Market Forecasts and Analysis - By Organization Size
11.5.6South and Central America Identity Governance And Administration Market Forecasts and Analysis - By Industry Vertical
11.5.7South and Central America Identity Governance And Administration Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Identity Governance And Administration Market
11.5.7.1.1Brazil Identity Governance And Administration Market by Component
11.5.7.1.2Brazil Identity Governance And Administration Market by Deployment Type
11.5.7.1.3Brazil Identity Governance And Administration Market by Organization Size
11.5.7.1.4Brazil Identity Governance And Administration Market by Industry Vertical
11.5.7.2Argentina Identity Governance And Administration Market
11.5.7.2.1Argentina Identity Governance And Administration Market by Component
11.5.7.2.2Argentina Identity Governance And Administration Market by Deployment Type
11.5.7.2.3Argentina Identity Governance And Administration Market by Organization Size
11.5.7.2.4Argentina Identity Governance And Administration Market by Industry Vertical
11.5.7.3Rest of South and Central America Identity Governance And Administration Market
11.5.7.3.1Rest of South and Central America Identity Governance And Administration Market by Component
11.5.7.3.2Rest of South and Central America Identity Governance And Administration Market by Deployment Type
11.5.7.3.3Rest of South and Central America Identity Governance And Administration Market by Organization Size
11.5.7.3.4Rest of South and Central America Identity Governance And Administration Market by Industry Vertical
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.IDENTITY GOVERNANCE AND ADMINISTRATION MARKET, KEY COMPANY PROFILES
13.1.ORACLE
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.IBM
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.SAILPOINT TECHNOLOGIES HOLDINGS, INC.
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.BROADCOM
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.MICROSOFT
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.EVIDIAN
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.RSA SECURITY LLC.
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.MICRO FOCUS
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.ONE IDENTITY LLC.
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.SAVIYNT INC.
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. Oracle
2. IBM
3. SailPoint Technologies Holdings, Inc.
4. Broadcom
5. Microsoft
6. Evidian
7. RSA Security LLC.
8. Micro Focus
9. One Identity LLC.
10. Saviynt 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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