The Managed VPN Services Market is expected to register a CAGR of 11% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is divided into three sections: Type (Site to Site VPN, Remote Access VPN), Deployment Type (On Premises, Cloud) and End User (BFSI, Healthcare IT and ITES, Manufacturing, Media and Entertainment, Energy and Power, Transportation and Logistics, Others)
Purpose of the ReportThe report Managed VPN Services 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.
Managed VPN Services Market Segmentation
Type- Site to Site VPN
- Remote Access VPN
- On Premises
- Cloud
- #BFSI #Healthcare #IT and ITES #Manufacturing #Media and Entertainment #Energy and Power #Transportation and Logistics #Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Managed VPN Services Market Growth Drivers- Rising Remote Work and Digital Transformation: Rise in adoption of remote work models along with overall digital transformation by business houses has significantly increased demand for secure and reliable access solutions to remote locations. Managed VPN services provide the capability to ensure robust and scalable remote connectivity that protects all sensitive data and ensures continued business.
- Enhanced Security and Compliance Needs: The enhancement in security and compliance needs due to evolving and sophisticated cyber threats have led organizations to give much importance to cybersecurity and data protection. Advanced security features, such as encryption, authentication, and access controls, make managed VPN services protect sensitive information and ensure compliance with regulations such as GDPR and HIPAA.
- Complex Network Management and Cost Optimization: Management of complex network infrastructures is resource-intensive and expensive. Managed VPN services are therefore a cost-effective solution that can be availed of by outsourcing network management to experienced service providers. This way, organizations will be able to focus on their core business activities and still benefit from expert support and optimized network performance.
- SD-WAN Integration: Increasingly, SD-WAN technology is being integrated with managed VPN services in order to optimize network performance, improve security, and reduce costs. With the help of SD-WAN, intelligent traffic routing, dynamic path selection, and centralized management can be implemented, hence becoming a powerful tool for modern enterprises.
- AI and Automation: Artificial intelligence (AI) and automation are transforming the way managed VPN services are delivered. AI-based tools can automatically undertake repetitive tasks such as network configuration, troubleshooting, and monitoring of security, thereby saving human mistakes and making the process more efficient and quick. AI will further enable pattern recognition in network traffic and predict potential threats to mitigate risks in advance.
- Zero-Trust Security: Implementing zero-trust security principles to enhance network security.
- 5G and IoT Integration: With the advent of 5G technology and increasing proliferation of Internet of Things devices, the possibilities of managed VPN services have become tremendous. It's high speed, low latency of 5G technology provides reliable connectivity to IoT devices in a secure manner. However, managed VPN services provide all security and scalability in handling the sensitive data of these devices.
- Cloud VPN Solutions: There has been a growing interest in cloud-based VPN solutions as business needs evolve to require flexible, scalable, and cost-effective solutions. As any managed VPN service provider would discover, advancements in cloud technologies could provide cloud-to-cloud connectivity, for example, and hybrid cloud security.
- SMB VPN Services: Offering cost-effective VPN solutions for small and medium-sized businesses.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Managed VPN Services 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 Managed VPN Services 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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to country scope.
Frequently Asked Questions
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 request are 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 leading players in the Managed VPN Services Market are: AT&T Inc., BT Group PLC, Cisco System Inc., CenturyLink Inc., NTT Communications Corporation, Orange Business Services SAS, Tata Communications Ltd., Telefonica S.A., odafone Limited, Verizon Communication Inc.
Managed VPN Services Market is expected to grow at a CAGR of 11% between 2023-2031
The future trends of the Managed VPN Services Market are: SD-WAN Integration, AI and Automation
The driving factors impacting the Managed VPN Services Market are: Rising Remote Work and Digital Transformation, Enhanced Security and Compliance Needs, Complex Network Management and Cost Optimization
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Managed VPN Services Market - By Type
1.3.2 Managed VPN Services Market - By Deployment Type
1.3.3 Managed VPN Services Market - By End User
1.3.4 Managed VPN Services Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. MANAGED VPN 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 VPN 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 VPN SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. MANAGED VPN SERVICES - GLOBAL MARKET OVERVIEW
6.2. MANAGED VPN SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MANAGED VPN SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SITE TO SITE VPN
7.3.1. Overview
7.3.2. Site to Site VPN Market Forecast and Analysis
7.4. REMOTE ACCESS VPN
7.4.1. Overview
7.4.2. Remote Access VPN Market Forecast and Analysis
8. MANAGED VPN SERVICES 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. MANAGED VPN SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. HEALTHCARE
9.4.1. Overview
9.4.2. Healthcare Market Forecast and Analysis
9.5. IT AND ITES
9.5.1. Overview
9.5.2. IT and ITES Market Forecast and Analysis
9.6. MANUFACTURING
9.6.1. Overview
9.6.2. Manufacturing Market Forecast and Analysis
9.7. MEDIA AND ENTERTAINMENT
9.7.1. Overview
9.7.2. Media and Entertainment Market Forecast and Analysis
9.8. ENERGY AND POWER
9.8.1. Overview
9.8.2. Energy and Power Market Forecast and Analysis
9.9. TRANSPORTATION AND LOGISTICS
9.9.1. Overview
9.9.2. Transportation and Logistics Market Forecast and Analysis
9.10. OTHERS
9.10.1. Overview
9.10.2. Others Market Forecast and Analysis
10. MANAGED VPN SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Managed VPN Services Market Overview
10.1.2 North America Managed VPN Services Market Forecasts and Analysis
10.1.3 North America Managed VPN Services Market Forecasts and Analysis - By Type
10.1.4 North America Managed VPN Services Market Forecasts and Analysis - By Deployment Type
10.1.5 North America Managed VPN Services Market Forecasts and Analysis - By End User
10.1.6 North America Managed VPN Services Market Forecasts and Analysis - By Countries
10.1.6.1 United States Managed VPN Services Market
10.1.6.1.1 United States Managed VPN Services Market by Type
10.1.6.1.2 United States Managed VPN Services Market by Deployment Type
10.1.6.1.3 United States Managed VPN Services Market by End User
10.1.6.2 Canada Managed VPN Services Market
10.1.6.2.1 Canada Managed VPN Services Market by Type
10.1.6.2.2 Canada Managed VPN Services Market by Deployment Type
10.1.6.2.3 Canada Managed VPN Services Market by End User
10.1.6.3 Mexico Managed VPN Services Market
10.1.6.3.1 Mexico Managed VPN Services Market by Type
10.1.6.3.2 Mexico Managed VPN Services Market by Deployment Type
10.1.6.3.3 Mexico Managed VPN Services Market by End User
10.2. EUROPE
10.2.1 Europe Managed VPN Services Market Overview
10.2.2 Europe Managed VPN Services Market Forecasts and Analysis
10.2.3 Europe Managed VPN Services Market Forecasts and Analysis - By Type
10.2.4 Europe Managed VPN Services Market Forecasts and Analysis - By Deployment Type
10.2.5 Europe Managed VPN Services Market Forecasts and Analysis - By End User
10.2.6 Europe Managed VPN Services Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Managed VPN Services Market
10.2.6.1.1 Germany Managed VPN Services Market by Type
10.2.6.1.2 Germany Managed VPN Services Market by Deployment Type
10.2.6.1.3 Germany Managed VPN Services Market by End User
10.2.6.2 France Managed VPN Services Market
10.2.6.2.1 France Managed VPN Services Market by Type
10.2.6.2.2 France Managed VPN Services Market by Deployment Type
10.2.6.2.3 France Managed VPN Services Market by End User
10.2.6.3 Italy Managed VPN Services Market
10.2.6.3.1 Italy Managed VPN Services Market by Type
10.2.6.3.2 Italy Managed VPN Services Market by Deployment Type
10.2.6.3.3 Italy Managed VPN Services Market by End User
10.2.6.4 United Kingdom Managed VPN Services Market
10.2.6.4.1 United Kingdom Managed VPN Services Market by Type
10.2.6.4.2 United Kingdom Managed VPN Services Market by Deployment Type
10.2.6.4.3 United Kingdom Managed VPN Services Market by End User
10.2.6.5 Russia Managed VPN Services Market
10.2.6.5.1 Russia Managed VPN Services Market by Type
10.2.6.5.2 Russia Managed VPN Services Market by Deployment Type
10.2.6.5.3 Russia Managed VPN Services Market by End User
10.2.6.6 Rest of Europe Managed VPN Services Market
10.2.6.6.1 Rest of Europe Managed VPN Services Market by Type
10.2.6.6.2 Rest of Europe Managed VPN Services Market by Deployment Type
10.2.6.6.3 Rest of Europe Managed VPN Services Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Managed VPN Services Market Overview
10.3.2 Asia-Pacific Managed VPN Services Market Forecasts and Analysis
10.3.3 Asia-Pacific Managed VPN Services Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Managed VPN Services Market Forecasts and Analysis - By Deployment Type
10.3.5 Asia-Pacific Managed VPN Services Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Managed VPN Services Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Managed VPN Services Market
10.3.6.1.1 Australia Managed VPN Services Market by Type
10.3.6.1.2 Australia Managed VPN Services Market by Deployment Type
10.3.6.1.3 Australia Managed VPN Services Market by End User
10.3.6.2 China Managed VPN Services Market
10.3.6.2.1 China Managed VPN Services Market by Type
10.3.6.2.2 China Managed VPN Services Market by Deployment Type
10.3.6.2.3 China Managed VPN Services Market by End User
10.3.6.3 India Managed VPN Services Market
10.3.6.3.1 India Managed VPN Services Market by Type
10.3.6.3.2 India Managed VPN Services Market by Deployment Type
10.3.6.3.3 India Managed VPN Services Market by End User
10.3.6.4 Japan Managed VPN Services Market
10.3.6.4.1 Japan Managed VPN Services Market by Type
10.3.6.4.2 Japan Managed VPN Services Market by Deployment Type
10.3.6.4.3 Japan Managed VPN Services Market by End User
10.3.6.5 South Korea Managed VPN Services Market
10.3.6.5.1 South Korea Managed VPN Services Market by Type
10.3.6.5.2 South Korea Managed VPN Services Market by Deployment Type
10.3.6.5.3 South Korea Managed VPN Services Market by End User
10.3.6.6 Rest of Asia-Pacific Managed VPN Services Market
10.3.6.6.1 Rest of Asia-Pacific Managed VPN Services Market by Type
10.3.6.6.2 Rest of Asia-Pacific Managed VPN Services Market by Deployment Type
10.3.6.6.3 Rest of Asia-Pacific Managed VPN Services Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Managed VPN Services Market Overview
10.4.2 Middle East and Africa Managed VPN Services Market Forecasts and Analysis
10.4.3 Middle East and Africa Managed VPN Services Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Managed VPN Services Market Forecasts and Analysis - By Deployment Type
10.4.5 Middle East and Africa Managed VPN Services Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Managed VPN Services Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Managed VPN Services Market
10.4.6.1.1 South Africa Managed VPN Services Market by Type
10.4.6.1.2 South Africa Managed VPN Services Market by Deployment Type
10.4.6.1.3 South Africa Managed VPN Services Market by End User
10.4.6.2 Saudi Arabia Managed VPN Services Market
10.4.6.2.1 Saudi Arabia Managed VPN Services Market by Type
10.4.6.2.2 Saudi Arabia Managed VPN Services Market by Deployment Type
10.4.6.2.3 Saudi Arabia Managed VPN Services Market by End User
10.4.6.3 U.A.E Managed VPN Services Market
10.4.6.3.1 U.A.E Managed VPN Services Market by Type
10.4.6.3.2 U.A.E Managed VPN Services Market by Deployment Type
10.4.6.3.3 U.A.E Managed VPN Services Market by End User
10.4.6.4 Rest of Middle East and Africa Managed VPN Services Market
10.4.6.4.1 Rest of Middle East and Africa Managed VPN Services Market by Type
10.4.6.4.2 Rest of Middle East and Africa Managed VPN Services Market by Deployment Type
10.4.6.4.3 Rest of Middle East and Africa Managed VPN Services Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Managed VPN Services Market Overview
10.5.2 South and Central America Managed VPN Services Market Forecasts and Analysis
10.5.3 South and Central America Managed VPN Services Market Forecasts and Analysis - By Type
10.5.4 South and Central America Managed VPN Services Market Forecasts and Analysis - By Deployment Type
10.5.5 South and Central America Managed VPN Services Market Forecasts and Analysis - By End User
10.5.6 South and Central America Managed VPN Services Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Managed VPN Services Market
10.5.6.1.1 Brazil Managed VPN Services Market by Type
10.5.6.1.2 Brazil Managed VPN Services Market by Deployment Type
10.5.6.1.3 Brazil Managed VPN Services Market by End User
10.5.6.2 Argentina Managed VPN Services Market
10.5.6.2.1 Argentina Managed VPN Services Market by Type
10.5.6.2.2 Argentina Managed VPN Services Market by Deployment Type
10.5.6.2.3 Argentina Managed VPN Services Market by End User
10.5.6.3 Rest of South and Central America Managed VPN Services Market
10.5.6.3.1 Rest of South and Central America Managed VPN Services Market by Type
10.5.6.3.2 Rest of South and Central America Managed VPN Services Market by Deployment Type
10.5.6.3.3 Rest of South and Central America Managed VPN Services Market by End User
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. MANAGED VPN SERVICES MARKET, KEY COMPANY PROFILES
12.1. AT AND T INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BT GROUP PLC
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. CISCO SYSTEM INC.
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. CENTURYLINK 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. NTT COMMUNICATIONS CORPORATION
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. ORANGE BUSINESS SERVICES SAS
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. TATA COMMUNICATIONS 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. TELEFONICA S.A.
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. VODAFONE LIMITED
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. VERIZON COMMUNICATION INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. AT&T Inc.
2. BT Group PLC
3. Cisco System Inc.
4. CenturyLink Inc.
5. NTT Communications Corporation
6. Orange Business Services SAS
7. Tata Communications Ltd.
8. Telefonica S.A.
9. Vodafone Limited
10. Verizon Communication 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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