Mobile Application Management Solution Market Scope by 2031
The mobile application management solution market is expected to register a CAGR of 22.3% during 2023–2031. Integration of artificial intelligence (AI) and machine learning (ML) capabilities in mobile app management solutions are likely to remain key trends in the market.
Mobile Application Management Solution Market Analysis
- Mobile Application Management (MAM) is the collection of processes, technologies and policies to manage and securely deploy mobile apps within an organization. It is focused exclusively on managing apps rather than devices.
- Mobile application management involves both controlling how specific apps are distributed to authorized users (from the over-the-air push of an app to a user to offering the app in an enterprise app store or even third-party marketplaces) and governing the settings of those apps (such as allowing or disallowing the ability to print from an app).
- With Mobile Application Management tools and applications, installations and uninstalls of the catalog applications and of specific business applications (eg, a proprietary CRM or ERP, kept in-house) are managed by the IT department. This capability was extended to employee-owned smart devices – the BYOD – and to devices also owned by the company and issued to its employees, such as smartphones or tablets, but also to laptops or any other device that has applications isolated from each other.
Mobile Application Management Solution Market Overview
- The market of Mobile Application Management (MAM) Solutions is fuelled by several forces. On the one hand, the rapid development of mobile technology and the increase of remote working give birth to mobile applications that facilitate collaboration, project management and file sharing.
- On the other hand, the move towards a cashless economy is accelerating the adoption of mobile payment applications. Along with that, the mounting importance of compliance and security in mobile app management is bringing about the demand for MAM solutions. Besides, some of the trends for the MAM market are the adoption of a variety of advanced technologies, such as AI and ML, as well as the use of mobile applications in education and skill training.
- These drivers and trends are set to offer opportunities for businesses to increase efficiency, reduce expenses, and improve the security and user experience through the adoption of MAM solutions.
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Mobile Application Management Solution Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Mobile Application Management Solution Market: Strategic Insights
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Mobile Application Management Solution Market Drivers and Opportunities
Growing Need for Compliance and Security in Mobile App Management to Favor the Market
- The increasing demand for compliance and security of mobile apps is leading to the rapid proliferation of MAM Solutions. Enterprises place high attention on providing a secure, compliant and efficient mobile environment to improve its performance and support work-related tasks via smartphones or tablets.
- Especially in the post-COVID era, investing in a robust MAM solution is the need of the hour for any organization as mobility and remote working become a key operating factor.
- These investments in MAM can support a flexible and efficient mobile workforce and boost opportunities to innovate and grow in a highly competitive business landscape.
- Mobile Application Management (MAM) solution allows organizations to control the deployment, configuration and security of apps through the mobile OS without having to touch the underlying platform.
- This helps protect enterprise data, adhering to regulatory requirements and reducing the risk of data breaches. Additionally, this ensures compliance for companies with data security regulations and improves overall security regarding mobile devices and applications.
- The growing demand for compliance and security for mobile app management has created numerous opportunities for businesses to equip their organization for secure and efficient mobile app management.
Roll Out of 5G Technology
- 5G Technology would be a booster to 2024 app trends. 5G Wireless technology is expected to deliver higher multi-Gbps peak data speeds, a more uniform user experience to more users, higher reliability, massive network capacity, and a more uniform user experience to more users.
- Higher performance and efficiency enable a new user experience and connect new industries. 5G will also make mobile applications usage faster and easier, also will make them create faster and easier. For developers, resellers, and creators, the technology is going to make a huge change in the way apps are used and created. Speed and efficiency will be off the charts. Thank you for taking the time to read this text.
Mobile Application Management Solution Market Report Segmentation Analysis
Key segments that contributed to the derivation of the mobile application management solution market analysis are component, deployment type, and enterprise size.
- Based on component, the mobile application management solution market is divided into software and service.
- Based on the deployment type, the mobile application management solution market is divided into cloud and on-premise.
- Based on the enterprise size, the mobile application management solution market is divided into small and medium enterprises and large enterprises.
Mobile Application Management Solution Market Share Analysis by Geography
- Mobile Application Management Solution Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Mobile Application Management Solution market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Mobile Application Management Solution market in these regions.
Mobile Application Management Solution Market Report Scope
Mobile Application Management Solution Market News and Recent Developments
The mobile application management solution market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the mobile application management solution market are listed below:
- AGC Black Box, a global solutions integrator, announced that it had completed the acquisition of Mobiquest, a mobile application design, development and support provider based in Singapore. The acquisition is a milestone in AGC Black Box’s ongoing vision to build a global IT services brand that delivers maximum value and world-class integrated solutions to customers across six continents. (Source: Black Box, Press Release, January 2021)
Mobile Application Management Solution Market Report Coverage and Deliverables
The “Mobile Application Management Solution Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Mobile application management solution market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Mobile application management solution market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Mobile application management solution market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the mobile application management solution market
- Detailed company profiles
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.
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.
Integration of artificial intelligence (AI) and machine learning (ML) capabilities in mobile app management solutions are likely to remain key trends in the market.
The leading players operating in the mobile application management solution market are VMware, Appaloosa Technology SAS, Arxan Technologies, Inc., BlackBerry Limited, Cisco Meraki (Cisco Systems, Inc.), Citrix Systems, Inc., Hexnode (Mitsogo Inc.), IBM Corporation, ManageEngine (Zoho Corp.), and Microsoft Corporation.
The global Mobile Application Management Solution market is expected to grow at a CAGR of 22.3% during the forecast period 2023 - 2031.
The growing need for compliance and security in mobile app management and the rising demand for personalized and user-centric mobile experiences are expected to drive the mobile application management solution market.
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 Mobile Application Management Solution Market - By Component
1.3.2 Mobile Application Management Solution Market - By Deployment Type
1.3.3 Mobile Application Management Solution Market - By Enterprise Size
1.3.4 Mobile Application Management Solution Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MOBILE APPLICATION MANAGEMENT SOLUTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MOBILE APPLICATION MANAGEMENT SOLUTION 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. MOBILE APPLICATION MANAGEMENT SOLUTION MARKET - GLOBAL MARKET ANALYSIS
6.1. MOBILE APPLICATION MANAGEMENT SOLUTION - GLOBAL MARKET OVERVIEW
6.2. MOBILE APPLICATION MANAGEMENT SOLUTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MOBILE APPLICATION MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICE
7.4.1. Overview
7.4.2. Service Market Forecast and Analysis
8. MOBILE APPLICATION MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
8.1. OVERVIEW
8.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISE
8.4.1. Overview
8.4.2. On-premise Market Forecast and Analysis
9. MOBILE APPLICATION MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMALL AND MEDIUM ENTERPRISES
9.3.1. Overview
9.3.2. Small and Medium Enterprises Market Forecast and Analysis
9.4. LARGE ENTERPRISES
9.4.1. Overview
9.4.2. Large Enterprises Market Forecast and Analysis
10. MOBILE APPLICATION MANAGEMENT SOLUTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Mobile Application Management Solution Market Overview
10.1.2 North America Mobile Application Management Solution Market Forecasts and Analysis
10.1.3 North America Mobile Application Management Solution Market Forecasts and Analysis - By Component
10.1.4 North America Mobile Application Management Solution Market Forecasts and Analysis - By Deployment Type
10.1.5 North America Mobile Application Management Solution Market Forecasts and Analysis - By Enterprise Size
10.1.6 North America Mobile Application Management Solution Market Forecasts and Analysis - By Countries
10.1.6.1 United States Mobile Application Management Solution Market
10.1.6.1.1 United States Mobile Application Management Solution Market by Component
10.1.6.1.2 United States Mobile Application Management Solution Market by Deployment Type
10.1.6.1.3 United States Mobile Application Management Solution Market by Enterprise Size
10.1.6.2 Canada Mobile Application Management Solution Market
10.1.6.2.1 Canada Mobile Application Management Solution Market by Component
10.1.6.2.2 Canada Mobile Application Management Solution Market by Deployment Type
10.1.6.2.3 Canada Mobile Application Management Solution Market by Enterprise Size
10.1.6.3 Mexico Mobile Application Management Solution Market
10.1.6.3.1 Mexico Mobile Application Management Solution Market by Component
10.1.6.3.2 Mexico Mobile Application Management Solution Market by Deployment Type
10.1.6.3.3 Mexico Mobile Application Management Solution Market by Enterprise Size
10.2. EUROPE
10.2.1 Europe Mobile Application Management Solution Market Overview
10.2.2 Europe Mobile Application Management Solution Market Forecasts and Analysis
10.2.3 Europe Mobile Application Management Solution Market Forecasts and Analysis - By Component
10.2.4 Europe Mobile Application Management Solution Market Forecasts and Analysis - By Deployment Type
10.2.5 Europe Mobile Application Management Solution Market Forecasts and Analysis - By Enterprise Size
10.2.6 Europe Mobile Application Management Solution Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Mobile Application Management Solution Market
10.2.6.1.1 Germany Mobile Application Management Solution Market by Component
10.2.6.1.2 Germany Mobile Application Management Solution Market by Deployment Type
10.2.6.1.3 Germany Mobile Application Management Solution Market by Enterprise Size
10.2.6.2 France Mobile Application Management Solution Market
10.2.6.2.1 France Mobile Application Management Solution Market by Component
10.2.6.2.2 France Mobile Application Management Solution Market by Deployment Type
10.2.6.2.3 France Mobile Application Management Solution Market by Enterprise Size
10.2.6.3 Italy Mobile Application Management Solution Market
10.2.6.3.1 Italy Mobile Application Management Solution Market by Component
10.2.6.3.2 Italy Mobile Application Management Solution Market by Deployment Type
10.2.6.3.3 Italy Mobile Application Management Solution Market by Enterprise Size
10.2.6.4 United Kingdom Mobile Application Management Solution Market
10.2.6.4.1 United Kingdom Mobile Application Management Solution Market by Component
10.2.6.4.2 United Kingdom Mobile Application Management Solution Market by Deployment Type
10.2.6.4.3 United Kingdom Mobile Application Management Solution Market by Enterprise Size
10.2.6.5 Russia Mobile Application Management Solution Market
10.2.6.5.1 Russia Mobile Application Management Solution Market by Component
10.2.6.5.2 Russia Mobile Application Management Solution Market by Deployment Type
10.2.6.5.3 Russia Mobile Application Management Solution Market by Enterprise Size
10.2.6.6 Rest of Europe Mobile Application Management Solution Market
10.2.6.6.1 Rest of Europe Mobile Application Management Solution Market by Component
10.2.6.6.2 Rest of Europe Mobile Application Management Solution Market by Deployment Type
10.2.6.6.3 Rest of Europe Mobile Application Management Solution Market by Enterprise Size
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Mobile Application Management Solution Market Overview
10.3.2 Asia-Pacific Mobile Application Management Solution Market Forecasts and Analysis
10.3.3 Asia-Pacific Mobile Application Management Solution Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Mobile Application Management Solution Market Forecasts and Analysis - By Deployment Type
10.3.5 Asia-Pacific Mobile Application Management Solution Market Forecasts and Analysis - By Enterprise Size
10.3.6 Asia-Pacific Mobile Application Management Solution Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Mobile Application Management Solution Market
10.3.6.1.1 Australia Mobile Application Management Solution Market by Component
10.3.6.1.2 Australia Mobile Application Management Solution Market by Deployment Type
10.3.6.1.3 Australia Mobile Application Management Solution Market by Enterprise Size
10.3.6.2 China Mobile Application Management Solution Market
10.3.6.2.1 China Mobile Application Management Solution Market by Component
10.3.6.2.2 China Mobile Application Management Solution Market by Deployment Type
10.3.6.2.3 China Mobile Application Management Solution Market by Enterprise Size
10.3.6.3 India Mobile Application Management Solution Market
10.3.6.3.1 India Mobile Application Management Solution Market by Component
10.3.6.3.2 India Mobile Application Management Solution Market by Deployment Type
10.3.6.3.3 India Mobile Application Management Solution Market by Enterprise Size
10.3.6.4 Japan Mobile Application Management Solution Market
10.3.6.4.1 Japan Mobile Application Management Solution Market by Component
10.3.6.4.2 Japan Mobile Application Management Solution Market by Deployment Type
10.3.6.4.3 Japan Mobile Application Management Solution Market by Enterprise Size
10.3.6.5 South Korea Mobile Application Management Solution Market
10.3.6.5.1 South Korea Mobile Application Management Solution Market by Component
10.3.6.5.2 South Korea Mobile Application Management Solution Market by Deployment Type
10.3.6.5.3 South Korea Mobile Application Management Solution Market by Enterprise Size
10.3.6.6 Rest of Asia-Pacific Mobile Application Management Solution Market
10.3.6.6.1 Rest of Asia-Pacific Mobile Application Management Solution Market by Component
10.3.6.6.2 Rest of Asia-Pacific Mobile Application Management Solution Market by Deployment Type
10.3.6.6.3 Rest of Asia-Pacific Mobile Application Management Solution Market by Enterprise Size
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Mobile Application Management Solution Market Overview
10.4.2 Middle East and Africa Mobile Application Management Solution Market Forecasts and Analysis
10.4.3 Middle East and Africa Mobile Application Management Solution Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Mobile Application Management Solution Market Forecasts and Analysis - By Deployment Type
10.4.5 Middle East and Africa Mobile Application Management Solution Market Forecasts and Analysis - By Enterprise Size
10.4.6 Middle East and Africa Mobile Application Management Solution Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Mobile Application Management Solution Market
10.4.6.1.1 South Africa Mobile Application Management Solution Market by Component
10.4.6.1.2 South Africa Mobile Application Management Solution Market by Deployment Type
10.4.6.1.3 South Africa Mobile Application Management Solution Market by Enterprise Size
10.4.6.2 Saudi Arabia Mobile Application Management Solution Market
10.4.6.2.1 Saudi Arabia Mobile Application Management Solution Market by Component
10.4.6.2.2 Saudi Arabia Mobile Application Management Solution Market by Deployment Type
10.4.6.2.3 Saudi Arabia Mobile Application Management Solution Market by Enterprise Size
10.4.6.3 U.A.E Mobile Application Management Solution Market
10.4.6.3.1 U.A.E Mobile Application Management Solution Market by Component
10.4.6.3.2 U.A.E Mobile Application Management Solution Market by Deployment Type
10.4.6.3.3 U.A.E Mobile Application Management Solution Market by Enterprise Size
10.4.6.4 Rest of Middle East and Africa Mobile Application Management Solution Market
10.4.6.4.1 Rest of Middle East and Africa Mobile Application Management Solution Market by Component
10.4.6.4.2 Rest of Middle East and Africa Mobile Application Management Solution Market by Deployment Type
10.4.6.4.3 Rest of Middle East and Africa Mobile Application Management Solution Market by Enterprise Size
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Mobile Application Management Solution Market Overview
10.5.2 South and Central America Mobile Application Management Solution Market Forecasts and Analysis
10.5.3 South and Central America Mobile Application Management Solution Market Forecasts and Analysis - By Component
10.5.4 South and Central America Mobile Application Management Solution Market Forecasts and Analysis - By Deployment Type
10.5.5 South and Central America Mobile Application Management Solution Market Forecasts and Analysis - By Enterprise Size
10.5.6 South and Central America Mobile Application Management Solution Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Mobile Application Management Solution Market
10.5.6.1.1 Brazil Mobile Application Management Solution Market by Component
10.5.6.1.2 Brazil Mobile Application Management Solution Market by Deployment Type
10.5.6.1.3 Brazil Mobile Application Management Solution Market by Enterprise Size
10.5.6.2 Argentina Mobile Application Management Solution Market
10.5.6.2.1 Argentina Mobile Application Management Solution Market by Component
10.5.6.2.2 Argentina Mobile Application Management Solution Market by Deployment Type
10.5.6.2.3 Argentina Mobile Application Management Solution Market by Enterprise Size
10.5.6.3 Rest of South and Central America Mobile Application Management Solution Market
10.5.6.3.1 Rest of South and Central America Mobile Application Management Solution Market by Component
10.5.6.3.2 Rest of South and Central America Mobile Application Management Solution Market by Deployment Type
10.5.6.3.3 Rest of South and Central America Mobile Application Management Solution Market by Enterprise Size
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. MOBILE APPLICATION MANAGEMENT SOLUTION MARKET, KEY COMPANY PROFILES
12.1. APPALOOSA TECHNOLOGY SAS
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. ARXAN TECHNOLOGIES, INC.
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. BLACKBERRY LIMITED
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CISCO MERAKI (CISCO SYSTEMS, INC.)
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CITRIX SYSTEMS, INC.
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. HEXNODE (MITSOGO INC.)
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. IBM CORPORATION
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. MANAGEENGINE(ZOHO CORP.)
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. MICROSOFT CORPORATION
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. SOPHOS LTD.
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
The List of Companies
1. Appaloosa Technology SAS
2. Arxan Technologies, Inc.
3. BlackBerry Limited
4. Cisco Meraki (Cisco Systems, Inc.)
5. Citrix Systems, Inc.
6. Hexnode (Mitsogo Inc.)
7. IBM Corporation
8. ManageEngine (Zoho Corp.)
9. Microsoft Corporation
10. Sophos Ltd.
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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