Prescriptive Security Market Size - Growth, Share by 2031
The Prescriptive Security Market is expected to register a CAGR of 9.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Prescriptive Security Market report covers analysis By Deployment, Application, and Industry Verticals. The market also offers analysis based on Geography (North America, Europe, Asia Pacific, and South and Central America)
Purpose of the ReportThe report Prescriptive Security 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.
Prescriptive Security Market Segmentation
Deployment- Hosted
- On-Premise
- Incident Detection
- Pattern Recognition
- Surveillance
- Person of Interest Screening
- Others
- Intelligent Agencies
- Public Transport Security
- Critical Infrastructure Security
- Border Control
- 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
Prescriptive Security Market Growth Drivers- Rising Complexity of Cyber Threats: The rising complexity of cyber threats - like ransomware and advanced persistent threats - is driving the need for prescriptive security. As successful attacks can inflict significant damage to infrastructure and systems, many are looking for proactive prescriptive solutions that can do more than just detect and respond to threats; they want to know how such incidents can be prevented in the future.
- Cloud Migration Fuels Need for Tailored Prescriptive Security: With the frantic cloud migration, there’s a tremendous need for prescriptive security tailored for the cloud. An organisation that uses cloud services needs tools that will prescribe them the steps needed to keep cloud assets secure, ensure access to sensitive data, use cloud computing capabilities in the most secure way possible, and better control access to the cloud. Prescriptive security is Actionable for cloud applications, where some of the risks specific to cloud computing (eg, misconfiguration and unauthorised access) require predictive yet tangible actions. Prescriptive security is gaining ground. This scenario is about to be greatly amplified as more companies embrace a quick and substantial move to the cloud.
- Incident Response Capabilities Boost Investment: With the creation of more efficient incident response capabilities, there has been an increase in the investment towards prescriptive security: this demonstrates the fact that traditional reactive measures are not enough when it comes to sophisticated cyberattacks. Prescriptive security solutions are much more detailed in recommending next steps of incident response, helping organisations get back to their normal business faster and reduce the downtime in the event of a security breach or an incident. Moreover, prescriptive security solutions prompt organisations to identify the demands of making more efficient security responses to protect the organisation against attacks and compromise their data. This is a growing market because innovative and comprehensive incident response solutions will have a positive effect on organisations’ security posture and other related key performance indicators.
- User Behavior Analytics (UBA) Enhances Threat Detection: One of the foundations of the new generation of prescriptive security solutions - the ability to detect insider threats and anomalous behaviour - is rooted in a technique called User Behavior Analytics (UBA). Copycat fraudsters are creating confusion between companies and vendors Both of these benefit from systems that continuously monitor and log user behaviour, enabling the creation of baselines that can be compared with recorded user activity to detect deviations from the norm that might signal a security issue. This trend is encouraging companies to implement fine?tuned, targeted security measures, with the potential to minimise false positives while increasing the overall security posture. UBA is emerging as central to the ability of organisations to respond to the evolving nature of cyber threats by mitigating the most significant risks related to user behaviour.
- Prescriptive Security Solutions Tailored for Cloud Environments: As businesses continue to move to the cloud, the prescriptive security market is also shifting to ways to improve the security of cloud environments. Organisations are looking for solutions that provide visibility, compliance and threat detection specifically tailored to cloud environments by using such mechanisms as cloud access security brokers (CASBs) and new forms of monitoring that help enterprises ensure data integrity and security both in the cloud and in hybrid environments. As cloud adoption continues to rise around the world, organisations will continue to add prescriptive security solutions to their digital toolsets that protect them in the cloud and maintain the highest levels of regulatory compliance.
- Multiple Security Frameworks Shape the Future of Prescriptive Security: The trend towards multiple security frameworks is going to dominate the world of prescriptive security in the coming months and years. This recent trend towards the combination of security standards emanates from the need to develop a holistic security approach for any organisation, without narrowing it to the focus of one standard and being able to derive a risk-based approach to tailor the security posture to the organisation’s needs. By aligning with industry standards, organisations can better regulate their security practices and enhance compliance.
- Incident Response Planning: Building prescriptive security solutions in the form of ‘incident response planning’ is a major market opportunity. Vendors can develop frameworks for organisations to be prepared to deal with incidents after they’ve occurred. With job aids such as ‘playbooks’, check lists and ‘automation workflows’, these solutions can help an organisation to be more resilient when suffering a breach.
- Automated Risk Assessments and Prescriptive Actions Optimize Security: One way this can be done is to automate risk assessments, or run formulas against an IT environment, that identify breaches or vulnerabilities. By prescribing actions that security teams might take based on these assessments, security operations can focus IT resources where they are most needed rather than where we imagine themselves to be
- Collaborative Threat Management Models Emerge in Cybersecurity: Complexities of cyber threats provide a fertile ground for a business that can be built around the management of threats shared between organisations. A new breed of organisations is working out ways to give companies access to knowledge, expertise and other information that could help them face and respond to emerging threats - one assumes through variations on the API.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Prescriptive Security 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 Prescriptive Security Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
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.
Key companies of this market are: Hexagon, Cisco System Inc, IBM, NEC Corporation, SAS Institute Inc, Nice Systems Ltd, Splunk Inc, Verint Systems Inc, ATOS
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The key future trends of this market are User Behavior Analytics (UBA) Enhances Threat Detection, Prescriptive Security Solutions Tailored for Cloud Environments, and Multiple Security Frameworks Shape the Future of Prescriptive Security.
The Prescriptive Security Market is expected to register a CAGR of 9.6% from 2023-2031.
The major factors impacting the Prescriptive Security Market are: Growing Need for Incident Response, Rising Cyber Threat Landscape, and Compliance and Regulatory Pressure
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Prescriptive Security Market - By Deployment
1.3.2Prescriptive Security Market - By Application
1.3.3Prescriptive Security Market - By Industry Verticals
1.3.4Prescriptive Security Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PRESCRIPTIVE SECURITY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.PRESCRIPTIVE SECURITY MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.PRESCRIPTIVE SECURITY MARKET - GLOBAL MARKET ANALYSIS
6.1.PRESCRIPTIVE SECURITY - GLOBAL MARKET OVERVIEW
6.2.PRESCRIPTIVE SECURITY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PRESCRIPTIVE SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
7.1.OVERVIEW
7.2.DEPLOYMENT MARKET FORECASTS AND ANALYSIS
7.3.HOSTED
7.3.1.Overview
7.3.2.Hosted Market Forecast and Analysis
7.4.ON-PREMISE
7.4.1.Overview
7.4.2.On-Premise Market Forecast and Analysis
8.PRESCRIPTIVE SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.INCIDENT DETECTION
8.3.1.Overview
8.3.2.Incident Detection Market Forecast and Analysis
8.4.PATTERN RECOGNITION
8.4.1.Overview
8.4.2.Pattern Recognition Market Forecast and Analysis
8.5.SURVEILLANCE
8.5.1.Overview
8.5.2.Surveillance Market Forecast and Analysis
8.6.PERSON OF INTEREST SCREENING
8.6.1.Overview
8.6.2.Person of Interest Screening Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.PRESCRIPTIVE SECURITY MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICALS
9.1.OVERVIEW
9.2.INDUSTRY VERTICALS MARKET FORECASTS AND ANALYSIS
9.3.INTELLIGENT AGENCIES
9.3.1.Overview
9.3.2.Intelligent Agencies Market Forecast and Analysis
9.4.PUBLIC TRANSPORT SECURITY
9.4.1.Overview
9.4.2.Public Transport Security Market Forecast and Analysis
9.5.CRITICAL INFRASTRUCTURE SECURITY
9.5.1.Overview
9.5.2.Critical Infrastructure Security Market Forecast and Analysis
9.6.BORDER CONTROL
9.6.1.Overview
9.6.2.Border Control Market Forecast and Analysis
10.PRESCRIPTIVE SECURITY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Prescriptive Security Market Overview
10.1.2North America Prescriptive Security Market Forecasts and Analysis
10.1.3North America Prescriptive Security Market Forecasts and Analysis - By Deployment
10.1.4North America Prescriptive Security Market Forecasts and Analysis - By Application
10.1.5North America Prescriptive Security Market Forecasts and Analysis - By Industry Verticals
10.1.6North America Prescriptive Security Market Forecasts and Analysis - By Countries
10.1.6.1United States Prescriptive Security Market
10.1.6.1.1United States Prescriptive Security Market by Deployment
10.1.6.1.2United States Prescriptive Security Market by Application
10.1.6.1.3United States Prescriptive Security Market by Industry Verticals
10.1.6.2Canada Prescriptive Security Market
10.1.6.2.1Canada Prescriptive Security Market by Deployment
10.1.6.2.2Canada Prescriptive Security Market by Application
10.1.6.2.3Canada Prescriptive Security Market by Industry Verticals
10.1.6.3Mexico Prescriptive Security Market
10.1.6.3.1Mexico Prescriptive Security Market by Deployment
10.1.6.3.2Mexico Prescriptive Security Market by Application
10.1.6.3.3Mexico Prescriptive Security Market by Industry Verticals
10.2.EUROPE
10.2.1Europe Prescriptive Security Market Overview
10.2.2Europe Prescriptive Security Market Forecasts and Analysis
10.2.3Europe Prescriptive Security Market Forecasts and Analysis - By Deployment
10.2.4Europe Prescriptive Security Market Forecasts and Analysis - By Application
10.2.5Europe Prescriptive Security Market Forecasts and Analysis - By Industry Verticals
10.2.6Europe Prescriptive Security Market Forecasts and Analysis - By Countries
10.2.6.1Germany Prescriptive Security Market
10.2.6.1.1Germany Prescriptive Security Market by Deployment
10.2.6.1.2Germany Prescriptive Security Market by Application
10.2.6.1.3Germany Prescriptive Security Market by Industry Verticals
10.2.6.2France Prescriptive Security Market
10.2.6.2.1France Prescriptive Security Market by Deployment
10.2.6.2.2France Prescriptive Security Market by Application
10.2.6.2.3France Prescriptive Security Market by Industry Verticals
10.2.6.3Italy Prescriptive Security Market
10.2.6.3.1Italy Prescriptive Security Market by Deployment
10.2.6.3.2Italy Prescriptive Security Market by Application
10.2.6.3.3Italy Prescriptive Security Market by Industry Verticals
10.2.6.4United Kingdom Prescriptive Security Market
10.2.6.4.1United Kingdom Prescriptive Security Market by Deployment
10.2.6.4.2United Kingdom Prescriptive Security Market by Application
10.2.6.4.3United Kingdom Prescriptive Security Market by Industry Verticals
10.2.6.5Russia Prescriptive Security Market
10.2.6.5.1Russia Prescriptive Security Market by Deployment
10.2.6.5.2Russia Prescriptive Security Market by Application
10.2.6.5.3Russia Prescriptive Security Market by Industry Verticals
10.2.6.6Rest of Europe Prescriptive Security Market
10.2.6.6.1Rest of Europe Prescriptive Security Market by Deployment
10.2.6.6.2Rest of Europe Prescriptive Security Market by Application
10.2.6.6.3Rest of Europe Prescriptive Security Market by Industry Verticals
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Prescriptive Security Market Overview
10.3.2Asia-Pacific Prescriptive Security Market Forecasts and Analysis
10.3.3Asia-Pacific Prescriptive Security Market Forecasts and Analysis - By Deployment
10.3.4Asia-Pacific Prescriptive Security Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Prescriptive Security Market Forecasts and Analysis - By Industry Verticals
10.3.6Asia-Pacific Prescriptive Security Market Forecasts and Analysis - By Countries
10.3.6.1Australia Prescriptive Security Market
10.3.6.1.1Australia Prescriptive Security Market by Deployment
10.3.6.1.2Australia Prescriptive Security Market by Application
10.3.6.1.3Australia Prescriptive Security Market by Industry Verticals
10.3.6.2China Prescriptive Security Market
10.3.6.2.1China Prescriptive Security Market by Deployment
10.3.6.2.2China Prescriptive Security Market by Application
10.3.6.2.3China Prescriptive Security Market by Industry Verticals
10.3.6.3India Prescriptive Security Market
10.3.6.3.1India Prescriptive Security Market by Deployment
10.3.6.3.2India Prescriptive Security Market by Application
10.3.6.3.3India Prescriptive Security Market by Industry Verticals
10.3.6.4Japan Prescriptive Security Market
10.3.6.4.1Japan Prescriptive Security Market by Deployment
10.3.6.4.2Japan Prescriptive Security Market by Application
10.3.6.4.3Japan Prescriptive Security Market by Industry Verticals
10.3.6.5South Korea Prescriptive Security Market
10.3.6.5.1South Korea Prescriptive Security Market by Deployment
10.3.6.5.2South Korea Prescriptive Security Market by Application
10.3.6.5.3South Korea Prescriptive Security Market by Industry Verticals
10.3.6.6Rest of Asia-Pacific Prescriptive Security Market
10.3.6.6.1Rest of Asia-Pacific Prescriptive Security Market by Deployment
10.3.6.6.2Rest of Asia-Pacific Prescriptive Security Market by Application
10.3.6.6.3Rest of Asia-Pacific Prescriptive Security Market by Industry Verticals
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Prescriptive Security Market Overview
10.4.2Middle East and Africa Prescriptive Security Market Forecasts and Analysis
10.4.3Middle East and Africa Prescriptive Security Market Forecasts and Analysis - By Deployment
10.4.4Middle East and Africa Prescriptive Security Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Prescriptive Security Market Forecasts and Analysis - By Industry Verticals
10.4.6Middle East and Africa Prescriptive Security Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Prescriptive Security Market
10.4.6.1.1South Africa Prescriptive Security Market by Deployment
10.4.6.1.2South Africa Prescriptive Security Market by Application
10.4.6.1.3South Africa Prescriptive Security Market by Industry Verticals
10.4.6.2Saudi Arabia Prescriptive Security Market
10.4.6.2.1Saudi Arabia Prescriptive Security Market by Deployment
10.4.6.2.2Saudi Arabia Prescriptive Security Market by Application
10.4.6.2.3Saudi Arabia Prescriptive Security Market by Industry Verticals
10.4.6.3U.A.E Prescriptive Security Market
10.4.6.3.1U.A.E Prescriptive Security Market by Deployment
10.4.6.3.2U.A.E Prescriptive Security Market by Application
10.4.6.3.3U.A.E Prescriptive Security Market by Industry Verticals
10.4.6.4Rest of Middle East and Africa Prescriptive Security Market
10.4.6.4.1Rest of Middle East and Africa Prescriptive Security Market by Deployment
10.4.6.4.2Rest of Middle East and Africa Prescriptive Security Market by Application
10.4.6.4.3Rest of Middle East and Africa Prescriptive Security Market by Industry Verticals
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Prescriptive Security Market Overview
10.5.2South and Central America Prescriptive Security Market Forecasts and Analysis
10.5.3South and Central America Prescriptive Security Market Forecasts and Analysis - By Deployment
10.5.4South and Central America Prescriptive Security Market Forecasts and Analysis - By Application
10.5.5South and Central America Prescriptive Security Market Forecasts and Analysis - By Industry Verticals
10.5.6South and Central America Prescriptive Security Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Prescriptive Security Market
10.5.6.1.1Brazil Prescriptive Security Market by Deployment
10.5.6.1.2Brazil Prescriptive Security Market by Application
10.5.6.1.3Brazil Prescriptive Security Market by Industry Verticals
10.5.6.2Argentina Prescriptive Security Market
10.5.6.2.1Argentina Prescriptive Security Market by Deployment
10.5.6.2.2Argentina Prescriptive Security Market by Application
10.5.6.2.3Argentina Prescriptive Security Market by Industry Verticals
10.5.6.3Rest of South and Central America Prescriptive Security Market
10.5.6.3.1Rest of South and Central America Prescriptive Security Market by Deployment
10.5.6.3.2Rest of South and Central America Prescriptive Security Market by Application
10.5.6.3.3Rest of South and Central America Prescriptive Security Market by Industry Verticals
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.PRESCRIPTIVE SECURITY MARKET, KEY COMPANY PROFILES
12.1.HEXAGON
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.CISCO SYSTEM 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.IBM
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.NEC CORPORATION
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.SAS INSTITUTE 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.NICE SYSTEMS LTD
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.SPLUNK 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.VERINT SYSTEMS INC
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.ATOS
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.SAP ERP
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. Hexagon
2. Cisco System Inc
3. IBM
4. NEC Corporation
5. SAS Institute Inc
6. Nice Systems Ltd
7. Splunk Inc.
8. Verint Systems Inc
9. ATOS
10. SAP ERP
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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