Platform Architecture Market Key Findings by 2031
The Platform Architecture Market is expected to register a CAGR of 4.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Platform Architecture Market report covers analysis by Deployment, Services, End-user, and Geography. The global analysis is further broken-down at the regional level and major countries.
Purpose of the ReportThe report Platform Architecture 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.
Platform Architecture Market Segmentation
Deployment- On-Premise
- Cloud
- Software-as-a-service
- BFSI
- Government
- IT and Telecom
- Manufacturing
- Retail
- Others
- North America
- Europe
- Asia Pacific
- South and Central America
- North America
- Europe
- Asia Pacific
- South and Central America
Strategic Insights
Platform Architecture Market Growth Drivers- Digital Technologies Improve Efficiency: Many businesses are using digital technologies to improve efficiency and the user experience. Platform architecture connects several digital solutions so they interact more effectively. Because data can be better exchanged and operational agility is improved, many organizations are turning to platform architectures to do more business at lower costs and faster, accelerating their time-to-market for new products and services. Thus, the demand for robust platform architecture is driven by an organization’s need to streamline processes, make better decisions, and co-develop new solutions.
- API Demand Fuels Platform Growth: The growing demand for Application Programming Interfaces (API) is fuelling this trend as more companies strive to make their applications and services interoperable, or to integrate both from outside sources more effectively via APIs (which is all an API is – an interface between one application and another so they can communicate with one another better, thus, delivering far better user experience and operations efficiency). Plus, as companies gravitate towards adopting microservices architecture and agile development methodologies, they also need far more sophisticated API management policies and systems. As a result, platform architecture is getting more proliferated as more companies are using APIs to build their products and solutions in a scalable way.
- Regulatory Compliance Drives Security Needs: The regulations become stringent with each upcoming legislative bill. So, new-age businesses are building their platform architectures so that they are compliant with the security requirements and regulations in the market. This calls for investing more in the security capabilities of the platform architectures such as robust security mechanisms, identity management, access management, and data governance. With stringent regulatory requirements coming up in the markets, channel customers to establish stringent security postures and meet the compliance requirements. With the evolving regulatory landscape, businesses will increasingly need platform offerings to enhance their security posture and aid in compliance, with implications for the growth of the market.
- Migration to Microservices Architecture: Corporations are migrating to microservices architecture away from monolithic systems: it helps them to scale efficiently and independently, it can improve flexibility and speed, and it does not require teams to always go through a central command to deploy or scale; instead, they can do it themselves. Thus they benefit from more efficient use of resources, integration of different technologies, and the ability to support continuous innovation in today’s competitive digital environment. In other words, as cloud-native technologies mature, microservices will become the norm for modern applications.
- Serverless Model Gains Popularity: The up-and-coming serverless model, in which coders write their apps without managing servers, is already catching on. Scaling applications automatically, based on load, leads to better utilization of resources than physical or virtual managed servers and can translate into improved cost efficiency. Indeed, firms of all sizes have recently shifted serverless workloads, such as analytics enterprise databases, or entire event-driven applications to benefit from faster cycle times and to reduce traditional infrastructure management overhead. We expect to see this trend accelerate as cloud service providers enhance their serverless portfolios while offering more help for businesses in migrating workloads to this model. Overall, this serverless trend will improve the speed and resource utilization for experimentation and development throughout the enterprise stack
- DevOps, CI/CD Practices Accelerate Development: DevOps has emerged as an umbrella term to reflect the change in platform architecture that stems from combining the Continuous Integration/Continuous Deployment (CI/CD) practices with the widespread adoption of Agile development methodology, minimizing conflicts, and hand-offs between developers and operators.
When testing and deployment are automated, it makes it less likely that errors will slip through from one stage to the other, resulting in better-quality software, faster. The more companies adopt Agile methodology, the more we may see DevOps and CI/CD practices coming to the fore, enhancing the velocity of feature delivery to customers.
- Integration Platforms Enable SaaS Interoperability: The customers, with more and more SaaS applications, need middleware or integration platforms to allow the data to communicate fluidly across different applications. Businesses don’t need to develop more applications or services, just smooth data exchange and interoperability between different SaaS applications.
- Unified Customer Engagement Platforms: Growing demand for unified customer engagement, especially from businesses that have gone digital but want to improve or differentiate their customer and end-user experience, is creating opportunities for vendors of digital experience platforms, which offer architectures that combine business content management, analytics, web and mobile user experiences, and points of engagement.
- Adoption of Cloud-Native Architecture: One of the most important opportunities in the market of platform architecture is cloud-native architecture. The shift of most businesses to the cloud, which offers greater scalability and flexibility at lower costs, is leading to increasing demand for optimized platform architectures for cloud environments. Cloud-native platforms, constructed on microservices, containers, and APIs, allow companies to develop applications and services faster and more cost-effectively than is possible with traditional monolithic architecture. The key drivers behind this shift are agility in development and deployment, as well as resource scaling on demand. From the perspective of providers of platform architecture, this trend creates a tremendous opportunity to provide solutions that assist businesses in their digital transformation. A further advantage that cloud-native platforms provide is a more dependable environment, including better disaster recovery, automatic scaling, and greater performance monitoring. As such, an uptrend will remain consistent with enterprise moves toward adopting digital-first strategies, demanding the implementation of cloud-native platform architecture solutions, offering new doors to innovation and market growth.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Platform Architecture 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 Platform Architecture Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- 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
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Platform Architecture Market is expected to register a CAGR of 4.3% from 2023-2031.
The major factors impacting the Platform Architecture Market are: Regulatory Compliance and Security, Digital Transformation, and Increased Demand for APIs
Key future trends in this market are - Centralized security management systems, Integration with IoT devices, AI-driven threat detection
Key companies of this market are: Axxon Soft, CNL Software, Genetec Inc, Intergraph Corporation Hexagon AB, Milestone systems A S, Prysm Software, Qognify, Tyco International Plc Johnson Controls, Verint Systems Inc.
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Platform Architecture Market - By Deployment
1.3.2 Platform Architecture Market - By Services
1.3.3 Platform Architecture Market - By End-user
1.3.4 Platform Architecture Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PLATFORM ARCHITECTURE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PLATFORM ARCHITECTURE 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. PLATFORM ARCHITECTURE MARKET - GLOBAL MARKET ANALYSIS
6.1. PLATFORM ARCHITECTURE - GLOBAL MARKET OVERVIEW
6.2. PLATFORM ARCHITECTURE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PLATFORM ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
7.1. OVERVIEW
7.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
7.3. ON-PREMISE
7.3.1. Overview
7.3.2. On-Premise Market Forecast and Analysis
7.4. CLOUD
7.4.1. Overview
7.4.2. Cloud Market Forecast and Analysis
8. PLATFORM ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICES
8.1. OVERVIEW
8.2. SERVICES MARKET FORECASTS AND ANALYSIS
8.3. SOFTWARE-AS-A-SERVICE (SAAS)
8.3.1. Overview
8.3.2. Software-as-a-service (SaaS) Market Forecast and Analysis
8.4. PLATFORM-AS-A-SERVICE (PAAS)
8.4.1. Overview
8.4.2. Platform-as-a-service (PaaS) Market Forecast and Analysis
9. PLATFORM ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. GOVERNMENT
9.4.1. Overview
9.4.2. Government Market Forecast and Analysis
9.5. IT AND TELECOM
9.5.1. Overview
9.5.2. IT and Telecom Market Forecast and Analysis
9.6. MANUFACTURING
9.6.1. Overview
9.6.2. Manufacturing Market Forecast and Analysis
9.7. RETAIL
9.7.1. Overview
9.7.2. Retail Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. PLATFORM ARCHITECTURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Platform Architecture Market Overview
10.1.2 North America Platform Architecture Market Forecasts and Analysis
10.1.3 North America Platform Architecture Market Forecasts and Analysis - By Deployment
10.1.4 North America Platform Architecture Market Forecasts and Analysis - By Services
10.1.5 North America Platform Architecture Market Forecasts and Analysis - By End-user
10.1.6 North America Platform Architecture Market Forecasts and Analysis - By Countries
10.1.6.1 United States Platform Architecture Market
10.1.6.1.1 United States Platform Architecture Market by Deployment
10.1.6.1.2 United States Platform Architecture Market by Services
10.1.6.1.3 United States Platform Architecture Market by End-user
10.1.6.2 Canada Platform Architecture Market
10.1.6.2.1 Canada Platform Architecture Market by Deployment
10.1.6.2.2 Canada Platform Architecture Market by Services
10.1.6.2.3 Canada Platform Architecture Market by End-user
10.1.6.3 Mexico Platform Architecture Market
10.1.6.3.1 Mexico Platform Architecture Market by Deployment
10.1.6.3.2 Mexico Platform Architecture Market by Services
10.1.6.3.3 Mexico Platform Architecture Market by End-user
10.2. EUROPE
10.2.1 Europe Platform Architecture Market Overview
10.2.2 Europe Platform Architecture Market Forecasts and Analysis
10.2.3 Europe Platform Architecture Market Forecasts and Analysis - By Deployment
10.2.4 Europe Platform Architecture Market Forecasts and Analysis - By Services
10.2.5 Europe Platform Architecture Market Forecasts and Analysis - By End-user
10.2.6 Europe Platform Architecture Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Platform Architecture Market
10.2.6.1.1 Germany Platform Architecture Market by Deployment
10.2.6.1.2 Germany Platform Architecture Market by Services
10.2.6.1.3 Germany Platform Architecture Market by End-user
10.2.6.2 France Platform Architecture Market
10.2.6.2.1 France Platform Architecture Market by Deployment
10.2.6.2.2 France Platform Architecture Market by Services
10.2.6.2.3 France Platform Architecture Market by End-user
10.2.6.3 Italy Platform Architecture Market
10.2.6.3.1 Italy Platform Architecture Market by Deployment
10.2.6.3.2 Italy Platform Architecture Market by Services
10.2.6.3.3 Italy Platform Architecture Market by End-user
10.2.6.4 United Kingdom Platform Architecture Market
10.2.6.4.1 United Kingdom Platform Architecture Market by Deployment
10.2.6.4.2 United Kingdom Platform Architecture Market by Services
10.2.6.4.3 United Kingdom Platform Architecture Market by End-user
10.2.6.5 Russia Platform Architecture Market
10.2.6.5.1 Russia Platform Architecture Market by Deployment
10.2.6.5.2 Russia Platform Architecture Market by Services
10.2.6.5.3 Russia Platform Architecture Market by End-user
10.2.6.6 Rest of Europe Platform Architecture Market
10.2.6.6.1 Rest of Europe Platform Architecture Market by Deployment
10.2.6.6.2 Rest of Europe Platform Architecture Market by Services
10.2.6.6.3 Rest of Europe Platform Architecture Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Platform Architecture Market Overview
10.3.2 Asia-Pacific Platform Architecture Market Forecasts and Analysis
10.3.3 Asia-Pacific Platform Architecture Market Forecasts and Analysis - By Deployment
10.3.4 Asia-Pacific Platform Architecture Market Forecasts and Analysis - By Services
10.3.5 Asia-Pacific Platform Architecture Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Platform Architecture Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Platform Architecture Market
10.3.6.1.1 Australia Platform Architecture Market by Deployment
10.3.6.1.2 Australia Platform Architecture Market by Services
10.3.6.1.3 Australia Platform Architecture Market by End-user
10.3.6.2 China Platform Architecture Market
10.3.6.2.1 China Platform Architecture Market by Deployment
10.3.6.2.2 China Platform Architecture Market by Services
10.3.6.2.3 China Platform Architecture Market by End-user
10.3.6.3 India Platform Architecture Market
10.3.6.3.1 India Platform Architecture Market by Deployment
10.3.6.3.2 India Platform Architecture Market by Services
10.3.6.3.3 India Platform Architecture Market by End-user
10.3.6.4 Japan Platform Architecture Market
10.3.6.4.1 Japan Platform Architecture Market by Deployment
10.3.6.4.2 Japan Platform Architecture Market by Services
10.3.6.4.3 Japan Platform Architecture Market by End-user
10.3.6.5 South Korea Platform Architecture Market
10.3.6.5.1 South Korea Platform Architecture Market by Deployment
10.3.6.5.2 South Korea Platform Architecture Market by Services
10.3.6.5.3 South Korea Platform Architecture Market by End-user
10.3.6.6 Rest of Asia-Pacific Platform Architecture Market
10.3.6.6.1 Rest of Asia-Pacific Platform Architecture Market by Deployment
10.3.6.6.2 Rest of Asia-Pacific Platform Architecture Market by Services
10.3.6.6.3 Rest of Asia-Pacific Platform Architecture Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Platform Architecture Market Overview
10.4.2 Middle East and Africa Platform Architecture Market Forecasts and Analysis
10.4.3 Middle East and Africa Platform Architecture Market Forecasts and Analysis - By Deployment
10.4.4 Middle East and Africa Platform Architecture Market Forecasts and Analysis - By Services
10.4.5 Middle East and Africa Platform Architecture Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Platform Architecture Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Platform Architecture Market
10.4.6.1.1 South Africa Platform Architecture Market by Deployment
10.4.6.1.2 South Africa Platform Architecture Market by Services
10.4.6.1.3 South Africa Platform Architecture Market by End-user
10.4.6.2 Saudi Arabia Platform Architecture Market
10.4.6.2.1 Saudi Arabia Platform Architecture Market by Deployment
10.4.6.2.2 Saudi Arabia Platform Architecture Market by Services
10.4.6.2.3 Saudi Arabia Platform Architecture Market by End-user
10.4.6.3 U.A.E Platform Architecture Market
10.4.6.3.1 U.A.E Platform Architecture Market by Deployment
10.4.6.3.2 U.A.E Platform Architecture Market by Services
10.4.6.3.3 U.A.E Platform Architecture Market by End-user
10.4.6.4 Rest of Middle East and Africa Platform Architecture Market
10.4.6.4.1 Rest of Middle East and Africa Platform Architecture Market by Deployment
10.4.6.4.2 Rest of Middle East and Africa Platform Architecture Market by Services
10.4.6.4.3 Rest of Middle East and Africa Platform Architecture Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Platform Architecture Market Overview
10.5.2 South and Central America Platform Architecture Market Forecasts and Analysis
10.5.3 South and Central America Platform Architecture Market Forecasts and Analysis - By Deployment
10.5.4 South and Central America Platform Architecture Market Forecasts and Analysis - By Services
10.5.5 South and Central America Platform Architecture Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Platform Architecture Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Platform Architecture Market
10.5.6.1.1 Brazil Platform Architecture Market by Deployment
10.5.6.1.2 Brazil Platform Architecture Market by Services
10.5.6.1.3 Brazil Platform Architecture Market by End-user
10.5.6.2 Argentina Platform Architecture Market
10.5.6.2.1 Argentina Platform Architecture Market by Deployment
10.5.6.2.2 Argentina Platform Architecture Market by Services
10.5.6.2.3 Argentina Platform Architecture Market by End-user
10.5.6.3 Rest of South and Central America Platform Architecture Market
10.5.6.3.1 Rest of South and Central America Platform Architecture Market by Deployment
10.5.6.3.2 Rest of South and Central America Platform Architecture Market by Services
10.5.6.3.3 Rest of South and Central America Platform Architecture Market by End-user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. PLATFORM ARCHITECTURE MARKET, KEY COMPANY PROFILES
12.1. APPRENDA 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. AMAZON WEB SERVICES
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CISCO SYSTEMS, INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GOOGLE LLC
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 CORP.
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. MICROSOFT CORP.
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. ORACLE 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. RNF TECHNOLOGIES
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. SAP SE
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. SYNOPSYS INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Apprenda Inc.
2. Amazon Web Services
3. Cisco Systems, Inc.
4. Google LLC
5. IBM Corp.
6. Microsoft Corp.
7. Oracle Corporation
8. RNF technologies
9. SAP SE
10. Synopsys Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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