IoT Connectivity Management Platform Market Insights and Growth by 2031
The IoT Connectivity Management Platform Market is expected to register a CAGR of 15.6% 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, Services); Deployment Type (Cloud, On-premises); Vertical (BFSI, IT and Telecom, Consumer Goods and Retail, Healthcare, Aerospace and Defense, Energy and Utilities, 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 IoT Connectivity Management Platform 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.
IoT Connectivity Management Platform Market Segmentation
Component- Solution
- Services
- Cloud
- On-premises
- BFSI
- IT and Telecom
- Consumer Goods and Retail
- Healthcare
- Aerospace and Defense
- Energy and Utilities
- Manufacturing
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- North America
- Europe
- Asia-Pacific
- South and Central America
Strategic Insights
IoT Connectivity Management Platform Market Growth Drivers- Rising Adoption of IoT Devices: The growing adoption of Internet of Things (IoT) devices in healthcare, manufacturing, transportation, and agriculture is one of the major factors that drive the IoT Connectivity Management Platform (CMP) market. These devices include sensors, wearables, smart appliances, and industrial machinery, all of which need strong connectivity solutions to ensure smooth data transfer. IoT CMPs enables enterprises to manage these connections efficiently; this includes device management, monitoring, and troubleshooting. Thus, there is a growing need for scalable and reliable IoT networks, which is driving the demand for connectivity management solutions.
- Demand for Real-Time Data and Analytics: Since the Internet of Things devices are producing high amounts of real-time data, companies are being challenged to derive actionable insights quickly. The IoT connectivity management platforms are useful in allowing business organizations to collect, process, and analyze data from multiple IoT devices in various locations, hence improving operational efficiency, optimizing supply chains, and enabling predictive maintenance. The increasing demand for real-time analytics and performance monitoring is driving market growth since organizations seek tools to effectively manage data flows and connectivity issues.
- 5G Integration for Enhanced Connectivity: This would form an advanced version of the IoT by having increased speed, greater reliability, and lower latency compared to those networks. IoT connectivity management platforms will have to evolve with these new requirements, as they must support 5G-enabled IoT devices. Such support will be crucial for applications where ultra-fast data transmission is a must, like autonomous vehicles, remote surgeries, and real-time industrial monitoring. The inclusion of 5G in IoT connectivity platforms will open new doors for real-time data analytics, augmented reality, and other high-bandwidth applications, thus further propelling market growth.
- Growth of Multi-Access Edge Computing (MEC): The rise of multi-access edge computing (MEC) is transforming the IoT connectivity management landscape. MEC enables data processing and analytics to occur closer to the edge of the network, reducing latency and improving response times. This trend is particularly beneficial for applications requiring real-time data analysis, such as autonomous vehicles and industrial automation, enhancing the overall performance of IoT solutions.
- Security and privacy concerns: Security is still a critical challenge with IoT deployments. With a growth in the number of connected devices, there would also be a potential increase in breaches, cyberattacks, and unauthorized access into any network. The role played by IoT connectivity management platforms includes the improvement of security features of these devices through the implementation of safe communication protocols, identity, and access management, encryption, and remote monitoring. This ensures that data integrity remains preserved, and privacy is upheld. The result is the acceleration in the demand for CMP solutions.
- Industrial IoT (IIoT) Revolution: The industrial sector is embracing IoT technologies to improve operational efficiency, safety, and predictive maintenance. Industrial IoT (IIoT) applications such as smart factories, connected machinery, and remote asset management are growing at a fast pace. There is a growing market opportunity for connectivity management platforms that support the unique needs of industrial environments, including robust communication standards, low-latency connectivity, and integration with legacy systems. With increased digitization of operations, the need for CMP solutions adapted for use in IIoT cases will keep growing.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the IoT Connectivity Management Platform 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 IoT Connectivity Management Platform 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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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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Frequently Asked Questions
The IoT Connectivity Management Platform Market is estimated to witness a CAGR of 15.6% from 2023 to 2031
The major factors driving the IoT connectivity management platform market are:
1. Rising Adoption of IoT Devices
2. Demand for Real-Time Data and Analytics
5G Integration for Enhanced Connectivity is anticipated to play a significant role in the global IoT connectivity management platform market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
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
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1IoT Connectivity Management Platform Market - By Component
1.3.2IoT Connectivity Management Platform Market - By Deployment Type
1.3.3IoT Connectivity Management Platform Market - By Vertical
1.3.4IoT Connectivity Management Platform Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.IOT CONNECTIVITY MANAGEMENT PLATFORM MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.IOT CONNECTIVITY MANAGEMENT PLATFORM 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.IOT CONNECTIVITY MANAGEMENT PLATFORM MARKET - GLOBAL MARKET ANALYSIS
6.1.IOT CONNECTIVITY MANAGEMENT PLATFORM - GLOBAL MARKET OVERVIEW
6.2.IOT CONNECTIVITY MANAGEMENT PLATFORM - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.IOT CONNECTIVITY MANAGEMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 â" 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.IOT CONNECTIVITY MANAGEMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 â" DEPLOYMENT TYPE
8.1.OVERVIEW
8.2.DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3.CLOUD
8.3.1.Overview
8.3.2.Cloud Market Forecast and Analysis
8.4.ON-PREMISES
8.4.1.Overview
8.4.2.On-premises Market Forecast and Analysis
9.IOT CONNECTIVITY MANAGEMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 â" VERTICAL
9.1.OVERVIEW
9.2.VERTICAL MARKET FORECASTS AND ANALYSIS
9.3.BFSI
9.3.1.Overview
9.3.2.BFSI Market Forecast and Analysis
9.4.IT AND TELECOM
9.4.1.Overview
9.4.2.IT and Telecom Market Forecast and Analysis
9.5.CONSUMER GOODS AND RETAIL
9.5.1.Overview
9.5.2.Consumer Goods and Retail Market Forecast and Analysis
9.6.HEALTHCARE
9.6.1.Overview
9.6.2.Healthcare Market Forecast and Analysis
9.7.AEROSPACE AND DEFENSE
9.7.1.Overview
9.7.2.Aerospace and Defense Market Forecast and Analysis
9.8.ENERGY AND UTILITIES
9.8.1.Overview
9.8.2.Energy and Utilities Market Forecast and Analysis
9.9.MANUFACTURING
9.9.1.Overview
9.9.2.Manufacturing Market Forecast and Analysis
9.10.OTHERS
9.10.1.Overview
9.10.2.Others Market Forecast and Analysis
10.IOT CONNECTIVITY MANAGEMENT PLATFORM MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America IoT Connectivity Management Platform Market Overview
10.1.2North America IoT Connectivity Management Platform Market Forecasts and Analysis
10.1.3North America IoT Connectivity Management Platform Market Forecasts and Analysis - By Component
10.1.4North America IoT Connectivity Management Platform Market Forecasts and Analysis - By Deployment Type
10.1.5North America IoT Connectivity Management Platform Market Forecasts and Analysis - By Vertical
10.1.6North America IoT Connectivity Management Platform Market Forecasts and Analysis - By Countries
10.1.6.1United States IoT Connectivity Management Platform Market
10.1.6.1.1United States IoT Connectivity Management Platform Market by Component
10.1.6.1.2United States IoT Connectivity Management Platform Market by Deployment Type
10.1.6.1.3United States IoT Connectivity Management Platform Market by Vertical
10.1.6.2Canada IoT Connectivity Management Platform Market
10.1.6.2.1Canada IoT Connectivity Management Platform Market by Component
10.1.6.2.2Canada IoT Connectivity Management Platform Market by Deployment Type
10.1.6.2.3Canada IoT Connectivity Management Platform Market by Vertical
10.1.6.3Mexico IoT Connectivity Management Platform Market
10.1.6.3.1Mexico IoT Connectivity Management Platform Market by Component
10.1.6.3.2Mexico IoT Connectivity Management Platform Market by Deployment Type
10.1.6.3.3Mexico IoT Connectivity Management Platform Market by Vertical
10.2.EUROPE
10.2.1Europe IoT Connectivity Management Platform Market Overview
10.2.2Europe IoT Connectivity Management Platform Market Forecasts and Analysis
10.2.3Europe IoT Connectivity Management Platform Market Forecasts and Analysis - By Component
10.2.4Europe IoT Connectivity Management Platform Market Forecasts and Analysis - By Deployment Type
10.2.5Europe IoT Connectivity Management Platform Market Forecasts and Analysis - By Vertical
10.2.6Europe IoT Connectivity Management Platform Market Forecasts and Analysis - By Countries
10.2.6.1Germany IoT Connectivity Management Platform Market
10.2.6.1.1Germany IoT Connectivity Management Platform Market by Component
10.2.6.1.2Germany IoT Connectivity Management Platform Market by Deployment Type
10.2.6.1.3Germany IoT Connectivity Management Platform Market by Vertical
10.2.6.2France IoT Connectivity Management Platform Market
10.2.6.2.1France IoT Connectivity Management Platform Market by Component
10.2.6.2.2France IoT Connectivity Management Platform Market by Deployment Type
10.2.6.2.3France IoT Connectivity Management Platform Market by Vertical
10.2.6.3Italy IoT Connectivity Management Platform Market
10.2.6.3.1Italy IoT Connectivity Management Platform Market by Component
10.2.6.3.2Italy IoT Connectivity Management Platform Market by Deployment Type
10.2.6.3.3Italy IoT Connectivity Management Platform Market by Vertical
10.2.6.4United Kingdom IoT Connectivity Management Platform Market
10.2.6.4.1United Kingdom IoT Connectivity Management Platform Market by Component
10.2.6.4.2United Kingdom IoT Connectivity Management Platform Market by Deployment Type
10.2.6.4.3United Kingdom IoT Connectivity Management Platform Market by Vertical
10.2.6.5Russia IoT Connectivity Management Platform Market
10.2.6.5.1Russia IoT Connectivity Management Platform Market by Component
10.2.6.5.2Russia IoT Connectivity Management Platform Market by Deployment Type
10.2.6.5.3Russia IoT Connectivity Management Platform Market by Vertical
10.2.6.6Rest of Europe IoT Connectivity Management Platform Market
10.2.6.6.1Rest of Europe IoT Connectivity Management Platform Market by Component
10.2.6.6.2Rest of Europe IoT Connectivity Management Platform Market by Deployment Type
10.2.6.6.3Rest of Europe IoT Connectivity Management Platform Market by Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific IoT Connectivity Management Platform Market Overview
10.3.2Asia-Pacific IoT Connectivity Management Platform Market Forecasts and Analysis
10.3.3Asia-Pacific IoT Connectivity Management Platform Market Forecasts and Analysis - By Component
10.3.4Asia-Pacific IoT Connectivity Management Platform Market Forecasts and Analysis - By Deployment Type
10.3.5Asia-Pacific IoT Connectivity Management Platform Market Forecasts and Analysis - By Vertical
10.3.6Asia-Pacific IoT Connectivity Management Platform Market Forecasts and Analysis - By Countries
10.3.6.1Australia IoT Connectivity Management Platform Market
10.3.6.1.1Australia IoT Connectivity Management Platform Market by Component
10.3.6.1.2Australia IoT Connectivity Management Platform Market by Deployment Type
10.3.6.1.3Australia IoT Connectivity Management Platform Market by Vertical
10.3.6.2China IoT Connectivity Management Platform Market
10.3.6.2.1China IoT Connectivity Management Platform Market by Component
10.3.6.2.2China IoT Connectivity Management Platform Market by Deployment Type
10.3.6.2.3China IoT Connectivity Management Platform Market by Vertical
10.3.6.3India IoT Connectivity Management Platform Market
10.3.6.3.1India IoT Connectivity Management Platform Market by Component
10.3.6.3.2India IoT Connectivity Management Platform Market by Deployment Type
10.3.6.3.3India IoT Connectivity Management Platform Market by Vertical
10.3.6.4Japan IoT Connectivity Management Platform Market
10.3.6.4.1Japan IoT Connectivity Management Platform Market by Component
10.3.6.4.2Japan IoT Connectivity Management Platform Market by Deployment Type
10.3.6.4.3Japan IoT Connectivity Management Platform Market by Vertical
10.3.6.5South Korea IoT Connectivity Management Platform Market
10.3.6.5.1South Korea IoT Connectivity Management Platform Market by Component
10.3.6.5.2South Korea IoT Connectivity Management Platform Market by Deployment Type
10.3.6.5.3South Korea IoT Connectivity Management Platform Market by Vertical
10.3.6.6Rest of Asia-Pacific IoT Connectivity Management Platform Market
10.3.6.6.1Rest of Asia-Pacific IoT Connectivity Management Platform Market by Component
10.3.6.6.2Rest of Asia-Pacific IoT Connectivity Management Platform Market by Deployment Type
10.3.6.6.3Rest of Asia-Pacific IoT Connectivity Management Platform Market by Vertical
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa IoT Connectivity Management Platform Market Overview
10.4.2Middle East and Africa IoT Connectivity Management Platform Market Forecasts and Analysis
10.4.3Middle East and Africa IoT Connectivity Management Platform Market Forecasts and Analysis - By Component
10.4.4Middle East and Africa IoT Connectivity Management Platform Market Forecasts and Analysis - By Deployment Type
10.4.5Middle East and Africa IoT Connectivity Management Platform Market Forecasts and Analysis - By Vertical
10.4.6Middle East and Africa IoT Connectivity Management Platform Market Forecasts and Analysis - By Countries
10.4.6.1South Africa IoT Connectivity Management Platform Market
10.4.6.1.1South Africa IoT Connectivity Management Platform Market by Component
10.4.6.1.2South Africa IoT Connectivity Management Platform Market by Deployment Type
10.4.6.1.3South Africa IoT Connectivity Management Platform Market by Vertical
10.4.6.2Saudi Arabia IoT Connectivity Management Platform Market
10.4.6.2.1Saudi Arabia IoT Connectivity Management Platform Market by Component
10.4.6.2.2Saudi Arabia IoT Connectivity Management Platform Market by Deployment Type
10.4.6.2.3Saudi Arabia IoT Connectivity Management Platform Market by Vertical
10.4.6.3U.A.E IoT Connectivity Management Platform Market
10.4.6.3.1U.A.E IoT Connectivity Management Platform Market by Component
10.4.6.3.2U.A.E IoT Connectivity Management Platform Market by Deployment Type
10.4.6.3.3U.A.E IoT Connectivity Management Platform Market by Vertical
10.4.6.4Rest of Middle East and Africa IoT Connectivity Management Platform Market
10.4.6.4.1Rest of Middle East and Africa IoT Connectivity Management Platform Market by Component
10.4.6.4.2Rest of Middle East and Africa IoT Connectivity Management Platform Market by Deployment Type
10.4.6.4.3Rest of Middle East and Africa IoT Connectivity Management Platform Market by Vertical
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America IoT Connectivity Management Platform Market Overview
10.5.2South and Central America IoT Connectivity Management Platform Market Forecasts and Analysis
10.5.3South and Central America IoT Connectivity Management Platform Market Forecasts and Analysis - By Component
10.5.4South and Central America IoT Connectivity Management Platform Market Forecasts and Analysis - By Deployment Type
10.5.5South and Central America IoT Connectivity Management Platform Market Forecasts and Analysis - By Vertical
10.5.6South and Central America IoT Connectivity Management Platform Market Forecasts and Analysis - By Countries
10.5.6.1Brazil IoT Connectivity Management Platform Market
10.5.6.1.1Brazil IoT Connectivity Management Platform Market by Component
10.5.6.1.2Brazil IoT Connectivity Management Platform Market by Deployment Type
10.5.6.1.3Brazil IoT Connectivity Management Platform Market by Vertical
10.5.6.2Argentina IoT Connectivity Management Platform Market
10.5.6.2.1Argentina IoT Connectivity Management Platform Market by Component
10.5.6.2.2Argentina IoT Connectivity Management Platform Market by Deployment Type
10.5.6.2.3Argentina IoT Connectivity Management Platform Market by Vertical
10.5.6.3Rest of South and Central America IoT Connectivity Management Platform Market
10.5.6.3.1Rest of South and Central America IoT Connectivity Management Platform Market by Component
10.5.6.3.2Rest of South and Central America IoT Connectivity Management Platform Market by Deployment Type
10.5.6.3.3Rest of South and Central America IoT Connectivity Management Platform Market by 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.IOT CONNECTIVITY MANAGEMENT PLATFORM MARKET, KEY COMPANY PROFILES
12.1.AERIS COMMUNICATIONS
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.APTILO NETWORKS
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.AT AND T
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.CISCO SYSTEMS, INC
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.COMARCH
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.EMNIFY GMBH
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.HUAWEI TECHNOLOGIES CO., LTD.
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.JT GROUP
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.SIERRA WIRELESS
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.TELEFONAKTIEBOLAGET LM ERICSSON
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. Aeris Communications
2. Aptilo Networks
3. AT and T
4. Cisco Systems, Inc
5. Comarch
6. EMnify GmbH
7. Huawei Technologies Co., Ltd.
8. JT Group
9. Sierra Wireless
10. Telefonaktiebolaget LM Ericsson
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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