Managed Application Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Managed application services are designed to secure and simplify enterprise applications in organizations. Need to improve and secure critical business applications in the organizations are driving the growth of the managed application services market. The increasing level of application infrastructure and the rise in demand for end-to-end application hosting are further influence the growth of the managed application service market. Growing adoption of managed application services among the various end-user such as BFSI, IT and telecom, retail, and others are further boosting the growth of the managed application services market.
MARKET DYNAMICS
Managed application services help to reduce production cycle, reduce downtime, and improve the ability to respond to business requirements; this has resulted in hassle-free application management and support. Thus, increasing adoption of these services which propels the growth of the market. Managed application services offer expert methodologies to support, maintain, and enhance crucial applications of enterprises that further accelerate the growth of the managed application services market. However, the high risk of application data security may hamper the growth of the market. A rise in the complexity level of applications is expected to positive growth in the managed application services market.
MARKET SCOPE
The "Global Managed Application Services Market Analysis To 2028" is a specialized and in-depth study of the managed application services industry with a special focus on the global market trend analysis. The report aims to provide an overview managed application services market with detailed market segmentation by service type, application type, enterprise size, end-user, and geography. The global managed application services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading managed application services market players and offers key trends and opportunities in the managed application services market.
MARKET SEGMENTATION
The global managed application services market is segmented on the basis of service type, application type, enterprise size, end-user. On the basis of service type the market is segmented as operational services, application service desk, application hosting, application security and disaster recovery, application infrastructure. On the basis of application type the market is segmented as web-based applications, mobile applications. On the basis of enterprise size the market is segmented as small and medium-sized enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, government, retail and ecommerce, healthcare, energy and utilities, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global managed application services market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The managed application services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting managed application services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the managed application services market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global managed application services market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The managed application services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting managed application services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the managed application services market in these regions.
MARKET PLAYERS
The reports cover key developments in the managed application services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from managed application services market are anticipated to lucrative growth opportunities in the future with the rising demand for managed application services in the global market. Below mentioned is the list of few companies engaged in the managed application services market.
The report also includes the profiles of key managed application services companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BMC Software, Inc.
- CenturyLink
- FUJITSU
- HCL Technologies Limited
- International Business Machines Corporation
- Navisite
- RACKSPACE US, INC.
- Unisys
- Virtustream
- Wipro Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
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
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Managed Application Services Market - By Service Type
1.3.2 Managed Application Services Market - By Application Type
1.3.3 Managed Application Services Market - By Enterprise Size
1.3.4 Managed Application Services Market - By End-user
1.3.5 Managed Application Services Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. MANAGED APPLICATION SERVICES 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. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MANAGED APPLICATION SERVICES 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. MANAGED APPLICATION SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. MANAGED APPLICATION SERVICES - GLOBAL MARKET OVERVIEW
6.2. MANAGED APPLICATION SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MANAGED APPLICATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. OPERATIONAL SERVICES
7.3.1. Overview
7.3.2. Operational Services Market Forecast and Analysis
7.4. APPLICATION SERVICE DESK
7.4.1. Overview
7.4.2. Application Service Desk Market Forecast and Analysis
7.5. APPLICATION HOSTING
7.5.1. Overview
7.5.2. Application Hosting Market Forecast and Analysis
7.6. APPLICATION SECURITY AND DISASTER RECOVERY
7.6.1. Overview
7.6.2. Application Security and Disaster Recovery Market Forecast and Analysis
7.7. APPLICATION INFRASTRUCTURE
7.7.1. Overview
7.7.2. Application Infrastructure Market Forecast and Analysis
8. MANAGED APPLICATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION TYPE
8.1. OVERVIEW
8.2. APPLICATION TYPE MARKET FORECASTS AND ANALYSIS
8.3. WEB-BASED APPLICATIONS
8.3.1. Overview
8.3.2. Web-Based Applications Market Forecast and Analysis
8.4. MOBILE APPLICATIONS
8.4.1. Overview
8.4.2. Mobile Applications Market Forecast and Analysis
9. MANAGED APPLICATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE 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. MANAGED APPLICATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. IT AND TELECOM
10.4.1. Overview
10.4.2. IT and Telecom Market Forecast and Analysis
10.5. GOVERNMENT
10.5.1. Overview
10.5.2. Government Market Forecast and Analysis
10.6. RETAIL AND ECOMMERCE
10.6.1. Overview
10.6.2. Retail and Ecommerce Market Forecast and Analysis
10.7. HEALTHCARE
10.7.1. Overview
10.7.2. Healthcare Market Forecast and Analysis
10.8. ENERGY AND UTILITIES
10.8.1. Overview
10.8.2. Energy and Utilities Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. MANAGED APPLICATION SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Managed Application Services Market Overview
11.1.2 North America Managed Application Services Market Forecasts and Analysis
11.1.3 North America Managed Application Services Market Forecasts and Analysis - By Service Type
11.1.4 North America Managed Application Services Market Forecasts and Analysis - By Application Type
11.1.5 North America Managed Application Services Market Forecasts and Analysis - By Enterprise Size
11.1.6 North America Managed Application Services Market Forecasts and Analysis - By End-user
11.1.7 North America Managed Application Services Market Forecasts and Analysis - By Countries
11.1.7.1 United States Managed Application Services Market
11.1.7.1.1 United States Managed Application Services Market by Service Type
11.1.7.1.2 United States Managed Application Services Market by Application Type
11.1.7.1.3 United States Managed Application Services Market by Enterprise Size
11.1.7.1.4 United States Managed Application Services Market by End-user
11.1.7.2 Canada Managed Application Services Market
11.1.7.2.1 Canada Managed Application Services Market by Service Type
11.1.7.2.2 Canada Managed Application Services Market by Application Type
11.1.7.2.3 Canada Managed Application Services Market by Enterprise Size
11.1.7.2.4 Canada Managed Application Services Market by End-user
11.1.7.3 Mexico Managed Application Services Market
11.1.7.3.1 Mexico Managed Application Services Market by Service Type
11.1.7.3.2 Mexico Managed Application Services Market by Application Type
11.1.7.3.3 Mexico Managed Application Services Market by Enterprise Size
11.1.7.3.4 Mexico Managed Application Services Market by End-user
11.2. EUROPE
11.2.1 Europe Managed Application Services Market Overview
11.2.2 Europe Managed Application Services Market Forecasts and Analysis
11.2.3 Europe Managed Application Services Market Forecasts and Analysis - By Service Type
11.2.4 Europe Managed Application Services Market Forecasts and Analysis - By Application Type
11.2.5 Europe Managed Application Services Market Forecasts and Analysis - By Enterprise Size
11.2.6 Europe Managed Application Services Market Forecasts and Analysis - By End-user
11.2.7 Europe Managed Application Services Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Managed Application Services Market
11.2.7.1.1 Germany Managed Application Services Market by Service Type
11.2.7.1.2 Germany Managed Application Services Market by Application Type
11.2.7.1.3 Germany Managed Application Services Market by Enterprise Size
11.2.7.1.4 Germany Managed Application Services Market by End-user
11.2.7.2 France Managed Application Services Market
11.2.7.2.1 France Managed Application Services Market by Service Type
11.2.7.2.2 France Managed Application Services Market by Application Type
11.2.7.2.3 France Managed Application Services Market by Enterprise Size
11.2.7.2.4 France Managed Application Services Market by End-user
11.2.7.3 Italy Managed Application Services Market
11.2.7.3.1 Italy Managed Application Services Market by Service Type
11.2.7.3.2 Italy Managed Application Services Market by Application Type
11.2.7.3.3 Italy Managed Application Services Market by Enterprise Size
11.2.7.3.4 Italy Managed Application Services Market by End-user
11.2.7.4 United Kingdom Managed Application Services Market
11.2.7.4.1 United Kingdom Managed Application Services Market by Service Type
11.2.7.4.2 United Kingdom Managed Application Services Market by Application Type
11.2.7.4.3 United Kingdom Managed Application Services Market by Enterprise Size
11.2.7.4.4 United Kingdom Managed Application Services Market by End-user
11.2.7.5 Russia Managed Application Services Market
11.2.7.5.1 Russia Managed Application Services Market by Service Type
11.2.7.5.2 Russia Managed Application Services Market by Application Type
11.2.7.5.3 Russia Managed Application Services Market by Enterprise Size
11.2.7.5.4 Russia Managed Application Services Market by End-user
11.2.7.6 Rest of Europe Managed Application Services Market
11.2.7.6.1 Rest of Europe Managed Application Services Market by Service Type
11.2.7.6.2 Rest of Europe Managed Application Services Market by Application Type
11.2.7.6.3 Rest of Europe Managed Application Services Market by Enterprise Size
11.2.7.6.4 Rest of Europe Managed Application Services Market by End-user
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Managed Application Services Market Overview
11.3.2 Asia-Pacific Managed Application Services Market Forecasts and Analysis
11.3.3 Asia-Pacific Managed Application Services Market Forecasts and Analysis - By Service Type
11.3.4 Asia-Pacific Managed Application Services Market Forecasts and Analysis - By Application Type
11.3.5 Asia-Pacific Managed Application Services Market Forecasts and Analysis - By Enterprise Size
11.3.6 Asia-Pacific Managed Application Services Market Forecasts and Analysis - By End-user
11.3.7 Asia-Pacific Managed Application Services Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Managed Application Services Market
11.3.7.1.1 Australia Managed Application Services Market by Service Type
11.3.7.1.2 Australia Managed Application Services Market by Application Type
11.3.7.1.3 Australia Managed Application Services Market by Enterprise Size
11.3.7.1.4 Australia Managed Application Services Market by End-user
11.3.7.2 China Managed Application Services Market
11.3.7.2.1 China Managed Application Services Market by Service Type
11.3.7.2.2 China Managed Application Services Market by Application Type
11.3.7.2.3 China Managed Application Services Market by Enterprise Size
11.3.7.2.4 China Managed Application Services Market by End-user
11.3.7.3 India Managed Application Services Market
11.3.7.3.1 India Managed Application Services Market by Service Type
11.3.7.3.2 India Managed Application Services Market by Application Type
11.3.7.3.3 India Managed Application Services Market by Enterprise Size
11.3.7.3.4 India Managed Application Services Market by End-user
11.3.7.4 Japan Managed Application Services Market
11.3.7.4.1 Japan Managed Application Services Market by Service Type
11.3.7.4.2 Japan Managed Application Services Market by Application Type
11.3.7.4.3 Japan Managed Application Services Market by Enterprise Size
11.3.7.4.4 Japan Managed Application Services Market by End-user
11.3.7.5 South Korea Managed Application Services Market
11.3.7.5.1 South Korea Managed Application Services Market by Service Type
11.3.7.5.2 South Korea Managed Application Services Market by Application Type
11.3.7.5.3 South Korea Managed Application Services Market by Enterprise Size
11.3.7.5.4 South Korea Managed Application Services Market by End-user
11.3.7.6 Rest of Asia-Pacific Managed Application Services Market
11.3.7.6.1 Rest of Asia-Pacific Managed Application Services Market by Service Type
11.3.7.6.2 Rest of Asia-Pacific Managed Application Services Market by Application Type
11.3.7.6.3 Rest of Asia-Pacific Managed Application Services Market by Enterprise Size
11.3.7.6.4 Rest of Asia-Pacific Managed Application Services Market by End-user
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Managed Application Services Market Overview
11.4.2 Middle East and Africa Managed Application Services Market Forecasts and Analysis
11.4.3 Middle East and Africa Managed Application Services Market Forecasts and Analysis - By Service Type
11.4.4 Middle East and Africa Managed Application Services Market Forecasts and Analysis - By Application Type
11.4.5 Middle East and Africa Managed Application Services Market Forecasts and Analysis - By Enterprise Size
11.4.6 Middle East and Africa Managed Application Services Market Forecasts and Analysis - By End-user
11.4.7 Middle East and Africa Managed Application Services Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Managed Application Services Market
11.4.7.1.1 South Africa Managed Application Services Market by Service Type
11.4.7.1.2 South Africa Managed Application Services Market by Application Type
11.4.7.1.3 South Africa Managed Application Services Market by Enterprise Size
11.4.7.1.4 South Africa Managed Application Services Market by End-user
11.4.7.2 Saudi Arabia Managed Application Services Market
11.4.7.2.1 Saudi Arabia Managed Application Services Market by Service Type
11.4.7.2.2 Saudi Arabia Managed Application Services Market by Application Type
11.4.7.2.3 Saudi Arabia Managed Application Services Market by Enterprise Size
11.4.7.2.4 Saudi Arabia Managed Application Services Market by End-user
11.4.7.3 U.A.E Managed Application Services Market
11.4.7.3.1 U.A.E Managed Application Services Market by Service Type
11.4.7.3.2 U.A.E Managed Application Services Market by Application Type
11.4.7.3.3 U.A.E Managed Application Services Market by Enterprise Size
11.4.7.3.4 U.A.E Managed Application Services Market by End-user
11.4.7.4 Rest of Middle East and Africa Managed Application Services Market
11.4.7.4.1 Rest of Middle East and Africa Managed Application Services Market by Service Type
11.4.7.4.2 Rest of Middle East and Africa Managed Application Services Market by Application Type
11.4.7.4.3 Rest of Middle East and Africa Managed Application Services Market by Enterprise Size
11.4.7.4.4 Rest of Middle East and Africa Managed Application Services Market by End-user
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Managed Application Services Market Overview
11.5.2 South and Central America Managed Application Services Market Forecasts and Analysis
11.5.3 South and Central America Managed Application Services Market Forecasts and Analysis - By Service Type
11.5.4 South and Central America Managed Application Services Market Forecasts and Analysis - By Application Type
11.5.5 South and Central America Managed Application Services Market Forecasts and Analysis - By Enterprise Size
11.5.6 South and Central America Managed Application Services Market Forecasts and Analysis - By End-user
11.5.7 South and Central America Managed Application Services Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Managed Application Services Market
11.5.7.1.1 Brazil Managed Application Services Market by Service Type
11.5.7.1.2 Brazil Managed Application Services Market by Application Type
11.5.7.1.3 Brazil Managed Application Services Market by Enterprise Size
11.5.7.1.4 Brazil Managed Application Services Market by End-user
11.5.7.2 Argentina Managed Application Services Market
11.5.7.2.1 Argentina Managed Application Services Market by Service Type
11.5.7.2.2 Argentina Managed Application Services Market by Application Type
11.5.7.2.3 Argentina Managed Application Services Market by Enterprise Size
11.5.7.2.4 Argentina Managed Application Services Market by End-user
11.5.7.3 Rest of South and Central America Managed Application Services Market
11.5.7.3.1 Rest of South and Central America Managed Application Services Market by Service Type
11.5.7.3.2 Rest of South and Central America Managed Application Services Market by Application Type
11.5.7.3.3 Rest of South and Central America Managed Application Services Market by Enterprise Size
11.5.7.3.4 Rest of South and Central America Managed Application Services Market by End-user
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. MANAGED APPLICATION SERVICES MARKET, KEY COMPANY PROFILES
13.1. BMC SOFTWARE, INC.
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. CENTURYLINK
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. FUJITSU
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. HCL TECHNOLOGIES LIMITED
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. INTERNATIONAL BUSINESS MACHINES CORPORATION
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. NAVISITE
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. RACKSPACE US, INC.
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. UNISYS
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. VIRTUSTREAM
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. WIPRO LIMITED
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. BMC Software, Inc.
2. CenturyLink
3. FUJITSU
4. HCL Technologies Limited
5. International Business Machines Corporation
6. Navisite
7. RACKSPACE US, INC.
8. Unisys
9. Virtustream
10. Wipro Limited
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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