Magnetic Tapes Market Segments, Size, Share, and Trends by Forecast 2031

Coverage: Magnetic Tapes Market covers analysis by Base Materials (Synthetic Rubber, PVC, Others); End-users (Data Storage, Packaging and Labeling, Consumer Appliances, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00008691
  • Category : Chemicals and Materials
  • No. of Pages : 150
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The Magnetic Tapes Market is expected to register a CAGR of 7.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by base material (synthetic rubber, PVC, and others). The report is further segmented by end-use (data storage, packaging and labeling, consumer appliances, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Magnetic Tapes 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.

Magnetic Tapes Market Segmentation

Base Material
  • Synthetic Rubber
  • PVC
End Use
  • Data Storage
  • Packaging and Labeling
  • Consumer Appliances

Strategic Insights

Magnetic Tapes Market Growth Drivers
  • Rising Demand for Tape Storage: With businesses and individuals producing massive amounts of data daily, the demand for cost-effective and reliable storage solutions is growing daily. Magnetic tapes are being used increasingly because of their high data density and low cost per gigabyte. Many industries, such as finance, healthcare, and government, require secure, scalable, and long-lasting storage solutions, which magnetic tapes effectively satisfy. The increasing trends toward cloud computing also increase demand for tape storage systems since companies are seeking ways of backing up cheaply.
  • Magnetic Tapes for Data Security: Data security and disaster recovery top the list of concerns of organizations all over the world. One of the most reliable long-term backup solutions is magnetic tapes. Their main advantage is their offline nature, which makes them less susceptible to cyber attacks than online or cloud storage. With rising data breaches and cyber threats against businesses, magnetic tapes remain vital in a holistic disaster recovery plan. Portability enables offsite safe backups which provide business continuity.
  • Cost-Effective Archiving and Backup: Use of magnetic tapes as archiving and backup offers lower cost per terabyte compared to hard drives or SSDs. Magnetic tape seems to be a perfect alternative solution for preserving data integrity and access with fewer infrastructure costs. The low operating cost associated with tape storage is more valuable for large-scale companies or cloud providers requiring effective scale at low cost.
Magnetic Tapes Market Future Trends
  • AI and ML Enhance Tape Storage: The integration of magnetic tape technology with AI and ML is a development that enhances data management and retrieval. Merging the cost efficiency of tapes with the power of AI and ML makes it possible to intelligently optimize the use of magnetic tapes in storage systems. This trend will make it better for searching data, decrease retrieval time, and predict storage, thus making the magnetic tape solution even more attractive to businesses that rely on massive data storage.
  • Magnetic Tapes and Sustainability: With ever-mounting environmental considerations, data storage solutions have also come forth with an intensified thrust for sustainability and environmentally-friendly storage of data. Magnetic tapes are increasingly sold as environment-friendly alternatives in the other storage forms. A tape-based storage system has much less consumption of energy while operating compared to a hard drive, thus stronger and enduring much more than a hard drive; it is a low-carbon footprint technology. This trend follows an increased demand for green technologies from various industries, which in turn, fuels interest in the concept of magnetic tape storage.
  • Hybrid Storage Solutions and Tapes: Most companies now use hybrid storage solutions that bring the benefits of tape and disk-based storage. Hybrid systems make use of tapes for archived storage while using high-capacity disk storage for active data. The dual-storage strategy, therefore, balances cost-effectiveness, speed, and scalability according to the varying needs of data management. This, therefore, spells well for magnetic tapes in modern storage infrastructures.
Magnetic Tapes Market Opportunities
  • Tape Storage for Cloud Backup: As more businesses shift their workloads to the cloud, there is an increasing need for efficient data backup and archival solutions. Magnetic tapes are an attractive option for cloud service providers and those offering hybrid cloud storage, as they look for opportunities to offer tape-based backup and disaster recovery services to clients looking for low-cost scalable and secure data storage solutions.
  • Data Center Expansion in Emerging Markets: Emerging opportunities from data center expansions in emerging markets in Asia-Pacific, Africa, and Latin America will be huge for magnetic tape storage. The main reason is that these are areas where data is being generated on a very high scale. Data centers, in response, are looking for ways to manage all this volume while keeping costs down. The need for data storage in the growth markets can be addressed while keeping costs in check using magnetic tapes.
  • Magnetic Tapes for Compliance Needs: It provides an opportunity for magnetic tape solutions with strict data retention and compliance regulations, particularly in finance and healthcare. Magnetic tapes are the most suitable for companies requiring data storage that is secured over long periods of time; often over 30 years. The provision of specific tape storage solutions that aid companies in achieving these standards represents a significant market opportunity as global compliance frameworks continue to be tightened.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Magnetic Tapes 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 Magnetic Tapes 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
World Geography

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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

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to country scope.

Frequently Asked Questions


What is the future trend for magnetic tapes market?

Integrating magnetic tapes with advanced technologies is expected to be the key market trend.

What are the deliverable formats of the magnetic tapes market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

Which regions are covered in the report?

On the basis of geography, the magnetic tapes market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America

What are the driving factors impacting the magnetic tapes market?

The major factors driving the magnetic tapes market are:

1. Data Storage Needs in the Era of Big Data and Cloud Computing.

2. Rising Importance of Data Backup and Disaster Recovery.

What are the key players operating in the magnetic tapes market?

3M Co, TDK Corp, General Electric Co, International Business Machines Corp, Ampex Data Systems Corp, Cosign NV/SA, Arnold Magnetic Technologies Corp, Abel Magnets Ltd, Sanbros Engineering Works, and Eclipse Magnetics

What is the expected CAGR of the Magnetic Tapes Market?

The Magnetic Tapes Market is estimated to witness a CAGR of 7.3% from 2023 to 2031

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Magnetic Tapes Market - By Base Materials
1.3.2 Magnetic Tapes Market - By End-users
1.3.3 Magnetic Tapes Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MAGNETIC TAPES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. MAGNETIC TAPES 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. MAGNETIC TAPES MARKET - GLOBAL MARKET ANALYSIS
6.1. MAGNETIC TAPES - GLOBAL MARKET OVERVIEW
6.2. MAGNETIC TAPES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. MAGNETIC TAPES MARKET - REVENUE AND FORECASTS TO 2028 - BASE MATERIALS
7.1. OVERVIEW
7.2. BASE MATERIALS MARKET FORECASTS AND ANALYSIS
7.3. SYNTHETIC RUBBER
7.3.1. Overview
7.3.2. Synthetic Rubber Market Forecast and Analysis
7.4. PVC
7.4.1. Overview
7.4.2. PVC Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. MAGNETIC TAPES MARKET - REVENUE AND FORECASTS TO 2028 - END-USERS
8.1. OVERVIEW
8.2. END-USERS MARKET FORECASTS AND ANALYSIS
8.3. DATA STORAGE
8.3.1. Overview
8.3.2. Data Storage Market Forecast and Analysis
8.4. PACKAGING AND LABELING
8.4.1. Overview
8.4.2. Packaging and Labeling Market Forecast and Analysis
8.5. CONSUMER APPLIANCES
8.5.1. Overview
8.5.2. Consumer Appliances Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

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

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. MAGNETIC TAPES MARKET, KEY COMPANY PROFILES
11.1. 3M
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. HITACHI METALS LTD.
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. AMPEX ELECTRONICS
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. IBM
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. KONINKLIJKE PHILIPS N.V.
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. SANBROS ENGINEERING WORKS
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. TDK CORPORATION
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. TOSHIBA CORPORATION
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. TOYOTA MOTOR CORPORATION
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. GENERAL ELECTRIC COMPANY
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. 3M
2. Hitachi Metals Ltd.
3. Ampex Electronics
4. IBM
5. Koninklijke Philips N.V.
6. Sanbros Engineering Works
7. TDK Corporation
8. Toshiba Corporation
9. Toyota Motor Corporation
10. General Electric Company

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

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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

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