Network Transformation Market Overview and Forecast by 2031
The Network Transformation Market is expected to register a CAGR of 50% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report also focuses on the Market for Network Transformation by Type, Deployment Model, and Region. This market is investigated in its entirety from a geographical perspective to give it a global view. In addition, a regional market, and a country-wise analysis has been performed, and presented in this report. Market elucidation is also provided in terms of the market valuations in US dollars (US$). With this, readers will be able to assess the growth pattern of each segment and have a fair idea about the competition present in the market across the globe.
Purpose of the ReportThe report Network Transformation 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.
Network Transformation Market Segmentation
Component- Solutions and Services
- SMEs and Large Enterprises
- IT
- Energy & Utilities
- Manufacturing
- Media & Entertainment
- Telecom
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Network Transformation Market Growth Drivers- Demand for fast and Precision Business Operations: The dominance of digital transformation initiatives across each of the significant domains has intensified the urgency for an upgrade of legacy infrastructure, which hits the market with a large number of organizations into the set-up of next-generation network solutions. The recent surveys suggest that nearly all of the enterprises (73% on average) are going to make a move to transform the networking backbone and that further increases the profitability of the market.
- Shift to Remote Work culture: In the wake of the ever-increasing shift from traditional work desks to a remote workforce, as well as cloud computing, the need for a strong network has only strengthened, evident from the rising trends of hybrid Working, as a majority of the global workforce (70% on an average) is bound to begin on-site, after the gradual return to on-site working environments.
- Rise of 5G Networks: The rollout of 5G networks is a significant driver of network transformation. 5G technology requires a complete overhaul of existing network architectures, leading to the adoption of software-defined networking (SDN) and network functions virtualization (NFV) to enable the scalable and flexible infrastructure required for 5G services. This is accelerating the transformation of network infrastructure globally.
- Organizations moving towards SDN and NFV: This trend is towards SDN and NFV, shifting organizations from the traditional hardware-based network. Organizations are moving toward SDN and NFV in order to achieve agility, scalability, and cost-effectiveness in managing networks.
- Adoption of 5G Technology: Rollout of 5G networks is forcing the necessity of network transformation to enable higher speeds, low latency, and massive connectivity for applications like IoT and edge computing.
- Growth in Cloud-Based Networks: To meet the growth of hybrid and multi-cloud environments for seamless connectivity and efficient performance, companies are being compelled to upgrade their networks.
- High-Speed Connectivity: The Network Transformation Market is at the core of unmet needs across various industries that rely on high-speed connectivity to enhance customer service and experience; and it finds wide application across diverse sectors such as healthcare, finance, and retail among others.
- Breakthroughs in the telecommunication: Telecom industry such as the advent of smartphones and the imminent launch of 5G along with the Internet of Things have also created new avenues for service providers to continue to innovate, enable seamless mobile connectivity, and expand the reach of the Internet of Things (IoT) applications.
- Investment in Infrastructure: Some growing markets have seen increased investment in network infrastructure, creating new growth opportunities for key players and further expanding market share. An in-depth analysis of this market gives insight into strategic areas for investment and partnership opportunities to aid stakeholders in capitalizing on growth opportunities in Network Transformation.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Network Transformation 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 Network Transformation 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Organization Size, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Frequently Asked Questions
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 report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Key participants in this competitive market are - Cisco Systems Inc, FUJITSU, Hewlett Packard Enterprise Development LP, Huawei Technologies Co Ltd, IBM, Intel Corporation, Juniper Networks Inc, NEC Corporation, SAMSUNG
Integration of SDN and NFV for enhanced connectivity, addition of network management using machine learning, improved abolity to seize new growth are key trends in network transformation market
The market is expected to register a CAGR of 50% during 2023-2031
Increased demand over legacy communication systems, due to a requirement of fast, precise and exact connections in business operations, is fueling the market for Network Transformation.
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 Network Transformation Market - By Component
1.3.2 Network Transformation Market - By Organization Size
1.3.3 Network Transformation Market - By Vertical
1.3.4 Network Transformation Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NETWORK TRANSFORMATION 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. NETWORK TRANSFORMATION 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. NETWORK TRANSFORMATION MARKET - GLOBAL MARKET ANALYSIS
6.1. NETWORK TRANSFORMATION - GLOBAL MARKET OVERVIEW
6.2. NETWORK TRANSFORMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NETWORK TRANSFORMATION 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. SDN and NFV Market
7.3.3.1. Overview
7.3.3.2. SDN and NFV Market Forecast and Analysis
7.3.4. C-RAN Market
7.3.4.1. Overview
7.3.4.2. C-RAN Market Forecast and Analysis
7.3.5. Network Automation Market
7.3.5.1. Overview
7.3.5.2. Network Automation Market Forecast and Analysis
7.3.6. 5G Networks Market
7.3.6.1. Overview
7.3.6.2. 5G Networks Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Professional Service Market
7.4.3.1. Overview
7.4.3.2. Professional Service Market Forecast and Analysis
7.4.4. Managed Service Market
7.4.4.1. Overview
7.4.4.2. Managed Service Market Forecast and Analysis
8. NETWORK TRANSFORMATION MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1. OVERVIEW
8.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMEs Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. NETWORK TRANSFORMATION MARKET - REVENUE AND FORECASTS TO 2028 - VERTICAL
9.1. OVERVIEW
9.2. VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. TELECOM
9.3.1. Overview
9.3.2. Telecom Market Forecast and Analysis
9.4. MANUFACTURING
9.4.1. Overview
9.4.2. Manufacturing Market Forecast and Analysis
9.5. ENERGY AND UTILITIES
9.5.1. Overview
9.5.2. Energy and Utilities Market Forecast and Analysis
9.6. IT
9.6.1. Overview
9.6.2. IT 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. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. NETWORK TRANSFORMATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Network Transformation Market Overview
10.1.2 North America Network Transformation Market Forecasts and Analysis
10.1.3 North America Network Transformation Market Forecasts and Analysis - By Component
10.1.4 North America Network Transformation Market Forecasts and Analysis - By Organization Size
10.1.5 North America Network Transformation Market Forecasts and Analysis - By Vertical
10.1.6 North America Network Transformation Market Forecasts and Analysis - By Countries
10.1.6.1 United States Network Transformation Market
10.1.6.1.1 United States Network Transformation Market by Component
10.1.6.1.2 United States Network Transformation Market by Organization Size
10.1.6.1.3 United States Network Transformation Market by Vertical
10.1.6.2 Canada Network Transformation Market
10.1.6.2.1 Canada Network Transformation Market by Component
10.1.6.2.2 Canada Network Transformation Market by Organization Size
10.1.6.2.3 Canada Network Transformation Market by Vertical
10.1.6.3 Mexico Network Transformation Market
10.1.6.3.1 Mexico Network Transformation Market by Component
10.1.6.3.2 Mexico Network Transformation Market by Organization Size
10.1.6.3.3 Mexico Network Transformation Market by Vertical
10.2. EUROPE
10.2.1 Europe Network Transformation Market Overview
10.2.2 Europe Network Transformation Market Forecasts and Analysis
10.2.3 Europe Network Transformation Market Forecasts and Analysis - By Component
10.2.4 Europe Network Transformation Market Forecasts and Analysis - By Organization Size
10.2.5 Europe Network Transformation Market Forecasts and Analysis - By Vertical
10.2.6 Europe Network Transformation Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Network Transformation Market
10.2.6.1.1 Germany Network Transformation Market by Component
10.2.6.1.2 Germany Network Transformation Market by Organization Size
10.2.6.1.3 Germany Network Transformation Market by Vertical
10.2.6.2 Italy Network Transformation Market
10.2.6.2.1 Italy Network Transformation Market by Component
10.2.6.2.2 Italy Network Transformation Market by Organization Size
10.2.6.2.3 Italy Network Transformation Market by Vertical
10.2.6.3 United Kingdom Network Transformation Market
10.2.6.3.1 United Kingdom Network Transformation Market by Component
10.2.6.3.2 United Kingdom Network Transformation Market by Organization Size
10.2.6.3.3 United Kingdom Network Transformation Market by Vertical
10.2.6.4 Russia Network Transformation Market
10.2.6.4.1 Russia Network Transformation Market by Component
10.2.6.4.2 Russia Network Transformation Market by Organization Size
10.2.6.4.3 Russia Network Transformation Market by Vertical
10.2.6.5 Rest of Europe Network Transformation Market
10.2.6.5.1 Rest of Europe Network Transformation Market by Component
10.2.6.5.2 Rest of Europe Network Transformation Market by Organization Size
10.2.6.5.3 Rest of Europe Network Transformation Market by Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Network Transformation Market Overview
10.3.2 Asia-Pacific Network Transformation Market Forecasts and Analysis
10.3.3 Asia-Pacific Network Transformation Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Network Transformation Market Forecasts and Analysis - By Organization Size
10.3.5 Asia-Pacific Network Transformation Market Forecasts and Analysis - By Vertical
10.3.6 Asia-Pacific Network Transformation Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Network Transformation Market
10.3.6.1.1 Australia Network Transformation Market by Component
10.3.6.1.2 Australia Network Transformation Market by Organization Size
10.3.6.1.3 Australia Network Transformation Market by Vertical
10.3.6.2 China Network Transformation Market
10.3.6.2.1 China Network Transformation Market by Component
10.3.6.2.2 China Network Transformation Market by Organization Size
10.3.6.2.3 China Network Transformation Market by Vertical
10.3.6.3 India Network Transformation Market
10.3.6.3.1 India Network Transformation Market by Component
10.3.6.3.2 India Network Transformation Market by Organization Size
10.3.6.3.3 India Network Transformation Market by Vertical
10.3.6.4 Japan Network Transformation Market
10.3.6.4.1 Japan Network Transformation Market by Component
10.3.6.4.2 Japan Network Transformation Market by Organization Size
10.3.6.4.3 Japan Network Transformation Market by Vertical
10.3.6.5 South Korea Network Transformation Market
10.3.6.5.1 South Korea Network Transformation Market by Component
10.3.6.5.2 South Korea Network Transformation Market by Organization Size
10.3.6.5.3 South Korea Network Transformation Market by Vertical
10.3.6.6 Rest of Asia-Pacific Network Transformation Market
10.3.6.6.1 Rest of Asia-Pacific Network Transformation Market by Component
10.3.6.6.2 Rest of Asia-Pacific Network Transformation Market by Organization Size
10.3.6.6.3 Rest of Asia-Pacific Network Transformation Market by Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Network Transformation Market Overview
10.4.2 Middle East and Africa Network Transformation Market Forecasts and Analysis
10.4.3 Middle East and Africa Network Transformation Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Network Transformation Market Forecasts and Analysis - By Organization Size
10.4.5 Middle East and Africa Network Transformation Market Forecasts and Analysis - By Vertical
10.4.6 Middle East and Africa Network Transformation Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Network Transformation Market
10.4.6.1.1 South Africa Network Transformation Market by Component
10.4.6.1.2 South Africa Network Transformation Market by Organization Size
10.4.6.1.3 South Africa Network Transformation Market by Vertical
10.4.6.2 Saudi Arabia Network Transformation Market
10.4.6.2.1 Saudi Arabia Network Transformation Market by Component
10.4.6.2.2 Saudi Arabia Network Transformation Market by Organization Size
10.4.6.2.3 Saudi Arabia Network Transformation Market by Vertical
10.4.6.3 U.A.E Network Transformation Market
10.4.6.3.1 U.A.E Network Transformation Market by Component
10.4.6.3.2 U.A.E Network Transformation Market by Organization Size
10.4.6.3.3 U.A.E Network Transformation Market by Vertical
10.4.6.4 Rest of Middle East and Africa Network Transformation Market
10.4.6.4.1 Rest of Middle East and Africa Network Transformation Market by Component
10.4.6.4.2 Rest of Middle East and Africa Network Transformation Market by Organization Size
10.4.6.4.3 Rest of Middle East and Africa Network Transformation Market by Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Network Transformation Market Overview
10.5.2 South and Central America Network Transformation Market Forecasts and Analysis
10.5.3 South and Central America Network Transformation Market Forecasts and Analysis - By Component
10.5.4 South and Central America Network Transformation Market Forecasts and Analysis - By Organization Size
10.5.5 South and Central America Network Transformation Market Forecasts and Analysis - By Vertical
10.5.6 South and Central America Network Transformation Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Network Transformation Market
10.5.6.1.1 Brazil Network Transformation Market by Component
10.5.6.1.2 Brazil Network Transformation Market by Organization Size
10.5.6.1.3 Brazil Network Transformation Market by Vertical
10.5.6.2 Argentina Network Transformation Market
10.5.6.2.1 Argentina Network Transformation Market by Component
10.5.6.2.2 Argentina Network Transformation Market by Organization Size
10.5.6.2.3 Argentina Network Transformation Market by Vertical
10.5.6.3 Rest of South and Central America Network Transformation Market
10.5.6.3.1 Rest of South and Central America Network Transformation Market by Component
10.5.6.3.2 Rest of South and Central America Network Transformation Market by Organization Size
10.5.6.3.3 Rest of South and Central America Network Transformation Market by Vertical
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. NETWORK TRANSFORMATION MARKET, KEY COMPANY PROFILES
12.1. CISCO SYSTEMS, 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. FUJITSU
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. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
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. HUAWEI TECHNOLOGIES CO., LTD.
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. IBM
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. INTEL CORPORATION
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. JUNIPER NETWORKS, INC.
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. NEC CORPORATION
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. SAMSUNG
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. TELEFONAKTIEBOLAGET LM ERICSSON
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. Cisco Systems, Inc.
2. FUJITSU
3. Hewlett Packard Enterprise Development LP
4. Huawei Technologies Co., Ltd.
5. IBM
6. Intel Corporation
7. Juniper Networks, Inc.
8. NEC Corporation
9. SAMSUNG
10. Telefonaktiebolaget LM Ericsson
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.
Get Free Sample For