Medical Device Security Market Insights and Growth by 2031
MARKET OVERVIEW
There has been a rising trend in the adoption of connected medical devices. Connected medical devices, similar to other computer systems, can be at risk to security breaches. Any security breach to medical devices can possibly impact the safety and efficiency of the device and privacy of patient data. With the increasing use of connected medical devices across global healthcare organizations, medical device manufacturers and hospitals have become more attentive towards building safer network security. The security of medical devices are required to protect the patient data and prevent it from healthcare cyber-attacks and threats.
MARKET SCOPE
The "Global Medical Device Security Market Analysis to 2031" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical device security market with detailed market segmentation by component, security, device type, end user, and geography. The report provides key statistics on the market status of the leading medical device security market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global medical device security market is segmented as solution and services.
- Based on type of security, the global medical device security market is segmented as application, endpoint, network, cloud, others.
- Based on device type, the global medical device security market is segmented as hospital medical devices, internally embedded medical devices, wearable and external medical devices.
- Based on end user, the global medical device security market is segmented as healthcare providers, healthcare payers, medical device manufacturers.
MARKET DYNAMICS
Drivers
- Growing healthcare cyber-attacks and threats
- Increasing adoption rate of connected medical devices
Restraints
- Stringent government regulations and lack of infrastructure in emerging countries
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Medical Device Security Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the Medical Device Security Market in these regions.
IMPACT OF COVID-19 ON MEDICAL DEVICE SECURITY MARKET
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, social distancing policies, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. Moreover, in case of medical devices segment, strong focus on management of COVID-19 sidelined other activities such as purchasing of medical devices and security installations. In addition, limitation for resources to move from one place to another also had negative impact on the medical device security market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Medical Device Security Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the Medical Device Security Market in these regions.
IMPACT OF COVID-19 ON MEDICAL DEVICE SECURITY MARKET
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, social distancing policies, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. Moreover, in case of medical devices segment, strong focus on management of COVID-19 sidelined other activities such as purchasing of medical devices and security installations. In addition, limitation for resources to move from one place to another also had negative impact on the medical device security market.
MARKET PLAYERS
The report covers key developments in the Medical Device Security 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Medical Device Security Market are anticipated to lucrative growth opportunities in the future with the rising demand for customized procedure trays in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Medical Device Security Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- GENERAL ELECTRIC COMPANY
- IBM
- Battelle Memorial Institute
- Microsoft
- Cisco Systems
- Coalfire
- UL LLC
- Drägerwerk AG & Co. KGaA,
- Extreme Networks
- Broadcom
- Koninklijke Philips N.V
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.
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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.
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 Medical Device Security Market - By Component
1.3.2 Medical Device Security Market - By Type of Security
1.3.3 Medical Device Security Market - By Device Type
1.3.4 Medical Device Security Market - By End User
1.3.5 Medical Device Security Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL DEVICE SECURITY 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. MEDICAL DEVICE SECURITY 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. MEDICAL DEVICE SECURITY MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL DEVICE SECURITY - GLOBAL MARKET OVERVIEW
6.2. MEDICAL DEVICE SECURITY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MEDICAL DEVICE SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTIONS
7.3.1. Overview
7.3.2. Solutions Market Forecast and Analysis
7.3.3. Identity and Access Management (IAM) Market
7.3.3.1. Overview
7.3.3.2. Identity and Access Management (IAM) Market Forecast and Analysis
7.3.4. Antivirus or Antimalware Market
7.3.4.1. Overview
7.3.4.2. Antivirus or Antimalware Market Forecast and Analysis
7.3.5. Risk and Compliance Management Market
7.3.5.1. Overview
7.3.5.2. Risk and Compliance Management Market Forecast and Analysis
7.3.6. Encryption Market
7.3.6.1. Overview
7.3.6.2. Encryption Market Forecast and Analysis
7.3.7. Intrusion Detection System or Intrusion Prevention System (IDS/IPS) Market
7.3.7.1. Overview
7.3.7.2. Intrusion Detection System or Intrusion Prevention System (IDS/IPS) Market Forecast and Analysis
7.3.8. Data Loss Prevention (DLP) Market
7.3.8.1. Overview
7.3.8.2. Data Loss Prevention (DLP) Market Forecast and Analysis
7.3.9. Disaster Recovery Market
7.3.9.1. Overview
7.3.9.2. Disaster Recovery Market Forecast and Analysis
7.3.10. Distributed Denial of Service (DDoS) Market
7.3.10.1. Overview
7.3.10.2. Distributed Denial of Service (DDoS) Market Forecast and Analysis
7.3.11. Others Market
7.3.11.1. Overview
7.3.11.2. Others Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Professional Services Market
7.4.3.1. Overview
7.4.3.2. Professional Services Market Forecast and Analysis
7.4.4. Consulting Market
7.4.4.1. Overview
7.4.4.2. Consulting Market Forecast and Analysis
7.4.5. Support and Maintenance Market
7.4.5.1. Overview
7.4.5.2. Support and Maintenance Market Forecast and Analysis
7.4.6. Design and Integration Market
7.4.6.1. Overview
7.4.6.2. Design and Integration Market Forecast and Analysis
7.4.7. Training and Education Services Market
7.4.7.1. Overview
7.4.7.2. Training and Education Services Market Forecast and Analysis
7.4.8. Managed Security Services Market
7.4.8.1. Overview
7.4.8.2. Managed Security Services Market Forecast and Analysis
8. MEDICAL DEVICE SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF SECURITY
8.1. OVERVIEW
8.2. TYPE OF SECURITY MARKET FORECASTS AND ANALYSIS
8.3. APPLICATION
8.3.1. Overview
8.3.2. Application Market Forecast and Analysis
8.4. ENDPOINT
8.4.1. Overview
8.4.2. Endpoint Market Forecast and Analysis
8.5. NETWORK
8.5.1. Overview
8.5.2. Network Market Forecast and Analysis
8.6. CLOUD
8.6.1. Overview
8.6.2. Cloud Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MEDICAL DEVICE SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
9.1. OVERVIEW
9.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
9.3. HOSPITAL MEDICAL DEVICES
9.3.1. Overview
9.3.2. Hospital Medical Devices Market Forecast and Analysis
9.4. INTERNALLY EMBEDDED MEDICAL DEVICES
9.4.1. Overview
9.4.2. Internally Embedded Medical Devices Market Forecast and Analysis
9.5. WEARABLE AND EXTERNAL MEDICAL DEVICES
9.5.1. Overview
9.5.2. Wearable and External Medical Devices Market Forecast and Analysis
10. MEDICAL DEVICE SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HEALTHCARE PROVIDERS
10.3.1. Overview
10.3.2. Healthcare Providers Market Forecast and Analysis
10.4. HEALTHCARE PAYERS
10.4.1. Overview
10.4.2. Healthcare Payers Market Forecast and Analysis
10.5. MEDICAL DEVICE MANUFACTURERS
10.5.1. Overview
10.5.2. Medical Device Manufacturers Market Forecast and Analysis
11. MEDICAL DEVICE SECURITY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Medical Device Security Market Overview
11.1.2 North America Medical Device Security Market Forecasts and Analysis
11.1.3 North America Medical Device Security Market Forecasts and Analysis - By Component
11.1.4 North America Medical Device Security Market Forecasts and Analysis - By Type of Security
11.1.5 North America Medical Device Security Market Forecasts and Analysis - By Device Type
11.1.6 North America Medical Device Security Market Forecasts and Analysis - By End User
11.1.7 North America Medical Device Security Market Forecasts and Analysis - By Countries
11.1.7.1 United States Medical Device Security Market
11.1.7.1.1 United States Medical Device Security Market by Component
11.1.7.1.2 United States Medical Device Security Market by Type of Security
11.1.7.1.3 United States Medical Device Security Market by Device Type
11.1.7.1.4 United States Medical Device Security Market by End User
11.1.7.2 Canada Medical Device Security Market
11.1.7.2.1 Canada Medical Device Security Market by Component
11.1.7.2.2 Canada Medical Device Security Market by Type of Security
11.1.7.2.3 Canada Medical Device Security Market by Device Type
11.1.7.2.4 Canada Medical Device Security Market by End User
11.1.7.3 Mexico Medical Device Security Market
11.1.7.3.1 Mexico Medical Device Security Market by Component
11.1.7.3.2 Mexico Medical Device Security Market by Type of Security
11.1.7.3.3 Mexico Medical Device Security Market by Device Type
11.1.7.3.4 Mexico Medical Device Security Market by End User
11.2. EUROPE
11.2.1 Europe Medical Device Security Market Overview
11.2.2 Europe Medical Device Security Market Forecasts and Analysis
11.2.3 Europe Medical Device Security Market Forecasts and Analysis - By Component
11.2.4 Europe Medical Device Security Market Forecasts and Analysis - By Type of Security
11.2.5 Europe Medical Device Security Market Forecasts and Analysis - By Device Type
11.2.6 Europe Medical Device Security Market Forecasts and Analysis - By End User
11.2.7 Europe Medical Device Security Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Medical Device Security Market
11.2.7.1.1 Germany Medical Device Security Market by Component
11.2.7.1.2 Germany Medical Device Security Market by Type of Security
11.2.7.1.3 Germany Medical Device Security Market by Device Type
11.2.7.1.4 Germany Medical Device Security Market by End User
11.2.7.2 France Medical Device Security Market
11.2.7.2.1 France Medical Device Security Market by Component
11.2.7.2.2 France Medical Device Security Market by Type of Security
11.2.7.2.3 France Medical Device Security Market by Device Type
11.2.7.2.4 France Medical Device Security Market by End User
11.2.7.3 Italy Medical Device Security Market
11.2.7.3.1 Italy Medical Device Security Market by Component
11.2.7.3.2 Italy Medical Device Security Market by Type of Security
11.2.7.3.3 Italy Medical Device Security Market by Device Type
11.2.7.3.4 Italy Medical Device Security Market by End User
11.2.7.4 Spain Medical Device Security Market
11.2.7.4.1 Spain Medical Device Security Market by Component
11.2.7.4.2 Spain Medical Device Security Market by Type of Security
11.2.7.4.3 Spain Medical Device Security Market by Device Type
11.2.7.4.4 Spain Medical Device Security Market by End User
11.2.7.5 United Kingdom Medical Device Security Market
11.2.7.5.1 United Kingdom Medical Device Security Market by Component
11.2.7.5.2 United Kingdom Medical Device Security Market by Type of Security
11.2.7.5.3 United Kingdom Medical Device Security Market by Device Type
11.2.7.5.4 United Kingdom Medical Device Security Market by End User
11.2.7.6 Rest of Europe Medical Device Security Market
11.2.7.6.1 Rest of Europe Medical Device Security Market by Component
11.2.7.6.2 Rest of Europe Medical Device Security Market by Type of Security
11.2.7.6.3 Rest of Europe Medical Device Security Market by Device Type
11.2.7.6.4 Rest of Europe Medical Device Security Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Medical Device Security Market Overview
11.3.2 Asia-Pacific Medical Device Security Market Forecasts and Analysis
11.3.3 Asia-Pacific Medical Device Security Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Medical Device Security Market Forecasts and Analysis - By Type of Security
11.3.5 Asia-Pacific Medical Device Security Market Forecasts and Analysis - By Device Type
11.3.6 Asia-Pacific Medical Device Security Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Medical Device Security Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Medical Device Security Market
11.3.7.1.1 Australia Medical Device Security Market by Component
11.3.7.1.2 Australia Medical Device Security Market by Type of Security
11.3.7.1.3 Australia Medical Device Security Market by Device Type
11.3.7.1.4 Australia Medical Device Security Market by End User
11.3.7.2 China Medical Device Security Market
11.3.7.2.1 China Medical Device Security Market by Component
11.3.7.2.2 China Medical Device Security Market by Type of Security
11.3.7.2.3 China Medical Device Security Market by Device Type
11.3.7.2.4 China Medical Device Security Market by End User
11.3.7.3 India Medical Device Security Market
11.3.7.3.1 India Medical Device Security Market by Component
11.3.7.3.2 India Medical Device Security Market by Type of Security
11.3.7.3.3 India Medical Device Security Market by Device Type
11.3.7.3.4 India Medical Device Security Market by End User
11.3.7.4 Japan Medical Device Security Market
11.3.7.4.1 Japan Medical Device Security Market by Component
11.3.7.4.2 Japan Medical Device Security Market by Type of Security
11.3.7.4.3 Japan Medical Device Security Market by Device Type
11.3.7.4.4 Japan Medical Device Security Market by End User
11.3.7.5 South Korea Medical Device Security Market
11.3.7.5.1 South Korea Medical Device Security Market by Component
11.3.7.5.2 South Korea Medical Device Security Market by Type of Security
11.3.7.5.3 South Korea Medical Device Security Market by Device Type
11.3.7.5.4 South Korea Medical Device Security Market by End User
11.3.7.6 Rest of Asia-Pacific Medical Device Security Market
11.3.7.6.1 Rest of Asia-Pacific Medical Device Security Market by Component
11.3.7.6.2 Rest of Asia-Pacific Medical Device Security Market by Type of Security
11.3.7.6.3 Rest of Asia-Pacific Medical Device Security Market by Device Type
11.3.7.6.4 Rest of Asia-Pacific Medical Device Security Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Medical Device Security Market Overview
11.4.2 Middle East and Africa Medical Device Security Market Forecasts and Analysis
11.4.3 Middle East and Africa Medical Device Security Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Medical Device Security Market Forecasts and Analysis - By Type of Security
11.4.5 Middle East and Africa Medical Device Security Market Forecasts and Analysis - By Device Type
11.4.6 Middle East and Africa Medical Device Security Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Medical Device Security Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Medical Device Security Market
11.4.7.1.1 South Africa Medical Device Security Market by Component
11.4.7.1.2 South Africa Medical Device Security Market by Type of Security
11.4.7.1.3 South Africa Medical Device Security Market by Device Type
11.4.7.1.4 South Africa Medical Device Security Market by End User
11.4.7.2 Saudi Arabia Medical Device Security Market
11.4.7.2.1 Saudi Arabia Medical Device Security Market by Component
11.4.7.2.2 Saudi Arabia Medical Device Security Market by Type of Security
11.4.7.2.3 Saudi Arabia Medical Device Security Market by Device Type
11.4.7.2.4 Saudi Arabia Medical Device Security Market by End User
11.4.7.3 U.A.E Medical Device Security Market
11.4.7.3.1 U.A.E Medical Device Security Market by Component
11.4.7.3.2 U.A.E Medical Device Security Market by Type of Security
11.4.7.3.3 U.A.E Medical Device Security Market by Device Type
11.4.7.3.4 U.A.E Medical Device Security Market by End User
11.4.7.4 Rest of Middle East and Africa Medical Device Security Market
11.4.7.4.1 Rest of Middle East and Africa Medical Device Security Market by Component
11.4.7.4.2 Rest of Middle East and Africa Medical Device Security Market by Type of Security
11.4.7.4.3 Rest of Middle East and Africa Medical Device Security Market by Device Type
11.4.7.4.4 Rest of Middle East and Africa Medical Device Security Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Medical Device Security Market Overview
11.5.2 South and Central America Medical Device Security Market Forecasts and Analysis
11.5.3 South and Central America Medical Device Security Market Forecasts and Analysis - By Component
11.5.4 South and Central America Medical Device Security Market Forecasts and Analysis - By Type of Security
11.5.5 South and Central America Medical Device Security Market Forecasts and Analysis - By Device Type
11.5.6 South and Central America Medical Device Security Market Forecasts and Analysis - By End User
11.5.7 South and Central America Medical Device Security Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Medical Device Security Market
11.5.7.1.1 Brazil Medical Device Security Market by Component
11.5.7.1.2 Brazil Medical Device Security Market by Type of Security
11.5.7.1.3 Brazil Medical Device Security Market by Device Type
11.5.7.1.4 Brazil Medical Device Security Market by End User
11.5.7.2 Argentina Medical Device Security Market
11.5.7.2.1 Argentina Medical Device Security Market by Component
11.5.7.2.2 Argentina Medical Device Security Market by Type of Security
11.5.7.2.3 Argentina Medical Device Security Market by Device Type
11.5.7.2.4 Argentina Medical Device Security Market by End User
11.5.7.3 Rest of South and Central America Medical Device Security Market
11.5.7.3.1 Rest of South and Central America Medical Device Security Market by Component
11.5.7.3.2 Rest of South and Central America Medical Device Security Market by Type of Security
11.5.7.3.3 Rest of South and Central America Medical Device Security Market by Device Type
11.5.7.3.4 Rest of South and Central America Medical Device Security Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL MEDICAL DEVICE SECURITY MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. MEDICAL DEVICE SECURITY MARKET, KEY COMPANY PROFILES
14.1. GENERAL ELECTRIC
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. IBM
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. BATTELLE MEMORIAL INSTITUTE
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. MICROSOFT
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. COALFIRE
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. UL LLC
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. DRäGERWERK AG AND CO. KGAA
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. EXTREME NETWORKS
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. BROADCOM
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. KONINKLIJKE PHILIPS N.V
The List of Companies
1. GENERAL ELECTRIC COMPANY
2. IBM
3. Battelle Memorial Institute
4. Microsoft
5. Cisco Systems
6. Coalfire
7. UL LLC
8. Drägerwerk AG & Co. KGaA,
9. Extreme Networks
10. Broadcom
11. Koninklijke Philips N.V
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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