Security and Surveillance Market Report by 2031
The Security and Surveillance Market is expected to register a CAGR of 5.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
This research report on Security and Surveillance Market, delivers a coherent outlook on the increasing demand for advanced security systems. Get detailed information on how the Security and Surveillance market caters to residential, commercial and industrial sectors. It highlights the rise in demand for IoT technology for connecting resources with compatible security systems, enabling seamless realtime monitoring and data analytics. level segmentation, analysis of major markets and also identifies budding platforms. A complete overview about major market players, their strategies and product innovations that place them as leaders in the industry. The report provides strategies and insights to help stakeholders expand existing security framework and build on the evolving use of surveillance technology.
Purpose of the ReportThe report Security and Surveillance 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.
Security and Surveillance Market Segmentation
Component- Camera
- Sensors
- Recorders
- Intercom
- Card Reader
- Biometric
- Service
- Solution
- Industrial
- Commercial
- Residential
- Industrial
- Commercial
- Residential
Strategic Insights
Security and Surveillance Market Growth Drivers- Rising Security Concerns Across Sectors:Security threats like theft, terrorism, and cybercrime are the main factor that drives the security and surveillance market. As enterprises, organizations, and people need to ensure their possessions and their security, the market for top-tier security systems has grown. This rising demand for surveillance systems, such as CCTV cameras, motion sensors, and access control systems is driving the market. Therefore, the market is growing at a very fast pace and security and surveillance equipment are being incorporated in sectors such as banking, retail, residential, and healthcare.
- Technological Advancements in Surveillance Systems:Progressive technology is one of the primary forces driving the security and surveillance market. High-definition (HD) and 4K video surveillance technologies and AI-driven analytics and facial recognition systems have changed everything. These innovations improve the accuracy, speed and reach of security systems and are driving their deployment in different industry verticals. With businesses and consumers now demanding advanced security technologies, the share of these technologies is gaining market share which is expanding the potential of the security and surveillance market.
- Smart Cities and Urbanization: The global trend toward smart cities and urbanization is increasing the need for efficient surveillance systems to monitor large populations and improve safety.
- Combination of AI and IoT for Better Security Products:
The next big thing that will come up in the security and surveillance space is the combination of Artificial Intelligence (AI) and the Internet of Things (IoT). Face-based, object-based, and anomaly-detection AI surveillance systems are also being used in security measures. It’s also the IoT gadgets that have made surveillance systems smarter allowing them to be monitored and automated in real time. They are changing the security management game with better, more secure and more efficient products for increased security requirements. This combination is going to be the growth driver for the future and take over more market share as industries adopt smart technologies.
- Growth in Cloud-based Surveillance Solutions:
This is the other big security and surveillance market trend, which revolves around the adoption of cloud-based surveillance systems. There are many advantages of cloud solutions like remote monitoring, scale, and lower infrastructure costs. Since both businesses and customers have been increasingly turning to cloud storage for storage and management of their security footage, the market for cloud security services is set to surge. Various enterprises would be adopting this technology for security and adaptability, and thus cloud surveillance solutions will become dominant in the market and this will result in security and surveillance market size growth. - Wireless and Remote Monitoring Solutions: Wireless surveillance systems and remote monitoring solutions are gaining popularity due to their ease of installation, lower costs, and flexibility in deployment.
- Expansion in Emerging Markets: The security and surveillance market has ample scope for expansion in emerging markets, especially in Asia-Pacific, Africa, and Latin America. As these countries urbanize and industrialize rapidly, the need for security products is rising at home, at the office, and in the government. Middle class expansion and improved economic situation are driving investments in security infrastructure as well. There is an enormous potential for companies and service providers to build a foothold and market share by addressing these new markets with cheap and scaleable security products.
- Increasing Use of Smart Home Security Systems: The smart home technologies are creating a special opportunity for the security and surveillance market. And as smart home technology like security cameras, motion sensors, and smart locks become commonplace, consumers are clamoring for comprehensive, intuitive security solutions. The use of intelligent security systems with remote access, live alerts and integration with other IoT devices is now preferred by more consumers.
- Smart Home Security Systems:
Smart home security systems that integrate cameras, doorbell cameras, alarms, and sensors are becoming increasingly popular in residential markets.The greater the smart home market, the more demand will be available for the security and surveillance space, increasing both market share and growth opportunities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Security and Surveillance 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 Security and Surveillance 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
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
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.
Leading companies in this market are - ABB Ltd, Avnet Inc, Axis Communications AB, Hangzhou Hikvision Digital Technology Co Ltd, Honeywell International Inc, Johnson Controls Inc, Motorola Solutions Inc, Nedap N V, Robert Bosch GmbH
The security and surveillance market in the future will include AI and IoT for more intelligent systems and rise of cloud-based solution for greater flexibility, monitoring real-time and enhanced security control.
The market is expected to register a CAGR of 5.4% during 2023-2031.
Security and surveillance market is fuelled by security issues in all industry verticals and technology developments, HD video, AI analytics, and facial recognition thereby fueling demand and market growth.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Security And Surveillance Market - By Component
1.3.2 Security And Surveillance Market - By Authentication
1.3.3 Security And Surveillance Market - By Offering
1.3.4 Security And Surveillance Market - By End-user
1.3.5 Security And Surveillance Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SECURITY AND SURVEILLANCE 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. SECURITY AND SURVEILLANCE 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. SECURITY AND SURVEILLANCE MARKET - GLOBAL MARKET ANALYSIS
6.1. SECURITY AND SURVEILLANCE - GLOBAL MARKET OVERVIEW
6.2. SECURITY AND SURVEILLANCE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SECURITY AND SURVEILLANCE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. CAMERA
7.3.1. Overview
7.3.2. Camera Market Forecast and Analysis
7.4. SENSORS
7.4.1. Overview
7.4.2. Sensors Market Forecast and Analysis
7.5. RECORDERS
7.5.1. Overview
7.5.2. Recorders Market Forecast and Analysis
7.6. INTERCOM
7.6.1. Overview
7.6.2. Intercom Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SECURITY AND SURVEILLANCE MARKET - REVENUE AND FORECASTS TO 2028 - AUTHENTICATION
8.1. OVERVIEW
8.2. AUTHENTICATION MARKET FORECASTS AND ANALYSIS
8.3. CARD READER
8.3.1. Overview
8.3.2. Card Reader Market Forecast and Analysis
8.4. BIOMETRIC
8.4.1. Overview
8.4.2. Biometric Market Forecast and Analysis
9. SECURITY AND SURVEILLANCE MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
9.1. OVERVIEW
9.2. OFFERING MARKET FORECASTS AND ANALYSIS
9.3. SERVICE
9.3.1. Overview
9.3.2. Service Market Forecast and Analysis
9.4. SOLUTION
9.4.1. Overview
9.4.2. Solution Market Forecast and Analysis
10. SECURITY AND SURVEILLANCE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. INDUSTRIAL
10.3.1. Overview
10.3.2. Industrial Market Forecast and Analysis
10.4. COMMERCIAL
10.4.1. Overview
10.4.2. Commercial Market Forecast and Analysis
10.5. RESIDENTIAL
10.5.1. Overview
10.5.2. Residential Market Forecast and Analysis
10.6. OTHER
10.6.1. Overview
10.6.2. Other Market Forecast and Analysis
11. SECURITY AND SURVEILLANCE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Security And Surveillance Market Overview
11.1.2 North America Security And Surveillance Market Forecasts and Analysis
11.1.3 North America Security And Surveillance Market Forecasts and Analysis - By Component
11.1.4 North America Security And Surveillance Market Forecasts and Analysis - By Authentication
11.1.5 North America Security And Surveillance Market Forecasts and Analysis - By Offering
11.1.6 North America Security And Surveillance Market Forecasts and Analysis - By End-user
11.1.7 North America Security And Surveillance Market Forecasts and Analysis - By Countries
11.1.7.1 United States Security And Surveillance Market
11.1.7.1.1 United States Security And Surveillance Market by Component
11.1.7.1.2 United States Security And Surveillance Market by Authentication
11.1.7.1.3 United States Security And Surveillance Market by Offering
11.1.7.1.4 United States Security And Surveillance Market by End-user
11.1.7.2 Canada Security And Surveillance Market
11.1.7.2.1 Canada Security And Surveillance Market by Component
11.1.7.2.2 Canada Security And Surveillance Market by Authentication
11.1.7.2.3 Canada Security And Surveillance Market by Offering
11.1.7.2.4 Canada Security And Surveillance Market by End-user
11.1.7.3 Mexico Security And Surveillance Market
11.1.7.3.1 Mexico Security And Surveillance Market by Component
11.1.7.3.2 Mexico Security And Surveillance Market by Authentication
11.1.7.3.3 Mexico Security And Surveillance Market by Offering
11.1.7.3.4 Mexico Security And Surveillance Market by End-user
11.2. EUROPE
11.2.1 Europe Security And Surveillance Market Overview
11.2.2 Europe Security And Surveillance Market Forecasts and Analysis
11.2.3 Europe Security And Surveillance Market Forecasts and Analysis - By Component
11.2.4 Europe Security And Surveillance Market Forecasts and Analysis - By Authentication
11.2.5 Europe Security And Surveillance Market Forecasts and Analysis - By Offering
11.2.6 Europe Security And Surveillance Market Forecasts and Analysis - By End-user
11.2.7 Europe Security And Surveillance Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Security And Surveillance Market
11.2.7.1.1 Germany Security And Surveillance Market by Component
11.2.7.1.2 Germany Security And Surveillance Market by Authentication
11.2.7.1.3 Germany Security And Surveillance Market by Offering
11.2.7.1.4 Germany Security And Surveillance Market by End-user
11.2.7.2 France Security And Surveillance Market
11.2.7.2.1 France Security And Surveillance Market by Component
11.2.7.2.2 France Security And Surveillance Market by Authentication
11.2.7.2.3 France Security And Surveillance Market by Offering
11.2.7.2.4 France Security And Surveillance Market by End-user
11.2.7.3 Italy Security And Surveillance Market
11.2.7.3.1 Italy Security And Surveillance Market by Component
11.2.7.3.2 Italy Security And Surveillance Market by Authentication
11.2.7.3.3 Italy Security And Surveillance Market by Offering
11.2.7.3.4 Italy Security And Surveillance Market by End-user
11.2.7.4 United Kingdom Security And Surveillance Market
11.2.7.4.1 United Kingdom Security And Surveillance Market by Component
11.2.7.4.2 United Kingdom Security And Surveillance Market by Authentication
11.2.7.4.3 United Kingdom Security And Surveillance Market by Offering
11.2.7.4.4 United Kingdom Security And Surveillance Market by End-user
11.2.7.5 Russia Security And Surveillance Market
11.2.7.5.1 Russia Security And Surveillance Market by Component
11.2.7.5.2 Russia Security And Surveillance Market by Authentication
11.2.7.5.3 Russia Security And Surveillance Market by Offering
11.2.7.5.4 Russia Security And Surveillance Market by End-user
11.2.7.6 Rest of Europe Security And Surveillance Market
11.2.7.6.1 Rest of Europe Security And Surveillance Market by Component
11.2.7.6.2 Rest of Europe Security And Surveillance Market by Authentication
11.2.7.6.3 Rest of Europe Security And Surveillance Market by Offering
11.2.7.6.4 Rest of Europe Security And Surveillance Market by End-user
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Security And Surveillance Market Overview
11.3.2 Asia-Pacific Security And Surveillance Market Forecasts and Analysis
11.3.3 Asia-Pacific Security And Surveillance Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Security And Surveillance Market Forecasts and Analysis - By Authentication
11.3.5 Asia-Pacific Security And Surveillance Market Forecasts and Analysis - By Offering
11.3.6 Asia-Pacific Security And Surveillance Market Forecasts and Analysis - By End-user
11.3.7 Asia-Pacific Security And Surveillance Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Security And Surveillance Market
11.3.7.1.1 Australia Security And Surveillance Market by Component
11.3.7.1.2 Australia Security And Surveillance Market by Authentication
11.3.7.1.3 Australia Security And Surveillance Market by Offering
11.3.7.1.4 Australia Security And Surveillance Market by End-user
11.3.7.2 China Security And Surveillance Market
11.3.7.2.1 China Security And Surveillance Market by Component
11.3.7.2.2 China Security And Surveillance Market by Authentication
11.3.7.2.3 China Security And Surveillance Market by Offering
11.3.7.2.4 China Security And Surveillance Market by End-user
11.3.7.3 India Security And Surveillance Market
11.3.7.3.1 India Security And Surveillance Market by Component
11.3.7.3.2 India Security And Surveillance Market by Authentication
11.3.7.3.3 India Security And Surveillance Market by Offering
11.3.7.3.4 India Security And Surveillance Market by End-user
11.3.7.4 Japan Security And Surveillance Market
11.3.7.4.1 Japan Security And Surveillance Market by Component
11.3.7.4.2 Japan Security And Surveillance Market by Authentication
11.3.7.4.3 Japan Security And Surveillance Market by Offering
11.3.7.4.4 Japan Security And Surveillance Market by End-user
11.3.7.5 South Korea Security And Surveillance Market
11.3.7.5.1 South Korea Security And Surveillance Market by Component
11.3.7.5.2 South Korea Security And Surveillance Market by Authentication
11.3.7.5.3 South Korea Security And Surveillance Market by Offering
11.3.7.5.4 South Korea Security And Surveillance Market by End-user
11.3.7.6 Rest of Asia-Pacific Security And Surveillance Market
11.3.7.6.1 Rest of Asia-Pacific Security And Surveillance Market by Component
11.3.7.6.2 Rest of Asia-Pacific Security And Surveillance Market by Authentication
11.3.7.6.3 Rest of Asia-Pacific Security And Surveillance Market by Offering
11.3.7.6.4 Rest of Asia-Pacific Security And Surveillance Market by End-user
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Security And Surveillance Market Overview
11.4.2 Middle East and Africa Security And Surveillance Market Forecasts and Analysis
11.4.3 Middle East and Africa Security And Surveillance Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Security And Surveillance Market Forecasts and Analysis - By Authentication
11.4.5 Middle East and Africa Security And Surveillance Market Forecasts and Analysis - By Offering
11.4.6 Middle East and Africa Security And Surveillance Market Forecasts and Analysis - By End-user
11.4.7 Middle East and Africa Security And Surveillance Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Security And Surveillance Market
11.4.7.1.1 South Africa Security And Surveillance Market by Component
11.4.7.1.2 South Africa Security And Surveillance Market by Authentication
11.4.7.1.3 South Africa Security And Surveillance Market by Offering
11.4.7.1.4 South Africa Security And Surveillance Market by End-user
11.4.7.2 Saudi Arabia Security And Surveillance Market
11.4.7.2.1 Saudi Arabia Security And Surveillance Market by Component
11.4.7.2.2 Saudi Arabia Security And Surveillance Market by Authentication
11.4.7.2.3 Saudi Arabia Security And Surveillance Market by Offering
11.4.7.2.4 Saudi Arabia Security And Surveillance Market by End-user
11.4.7.3 U.A.E Security And Surveillance Market
11.4.7.3.1 U.A.E Security And Surveillance Market by Component
11.4.7.3.2 U.A.E Security And Surveillance Market by Authentication
11.4.7.3.3 U.A.E Security And Surveillance Market by Offering
11.4.7.3.4 U.A.E Security And Surveillance Market by End-user
11.4.7.4 Rest of Middle East and Africa Security And Surveillance Market
11.4.7.4.1 Rest of Middle East and Africa Security And Surveillance Market by Component
11.4.7.4.2 Rest of Middle East and Africa Security And Surveillance Market by Authentication
11.4.7.4.3 Rest of Middle East and Africa Security And Surveillance Market by Offering
11.4.7.4.4 Rest of Middle East and Africa Security And Surveillance Market by End-user
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Security And Surveillance Market Overview
11.5.2 South and Central America Security And Surveillance Market Forecasts and Analysis
11.5.3 South and Central America Security And Surveillance Market Forecasts and Analysis - By Component
11.5.4 South and Central America Security And Surveillance Market Forecasts and Analysis - By Authentication
11.5.5 South and Central America Security And Surveillance Market Forecasts and Analysis - By Offering
11.5.6 South and Central America Security And Surveillance Market Forecasts and Analysis - By End-user
11.5.7 South and Central America Security And Surveillance Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Security And Surveillance Market
11.5.7.1.1 Brazil Security And Surveillance Market by Component
11.5.7.1.2 Brazil Security And Surveillance Market by Authentication
11.5.7.1.3 Brazil Security And Surveillance Market by Offering
11.5.7.1.4 Brazil Security And Surveillance Market by End-user
11.5.7.2 Argentina Security And Surveillance Market
11.5.7.2.1 Argentina Security And Surveillance Market by Component
11.5.7.2.2 Argentina Security And Surveillance Market by Authentication
11.5.7.2.3 Argentina Security And Surveillance Market by Offering
11.5.7.2.4 Argentina Security And Surveillance Market by End-user
11.5.7.3 Rest of South and Central America Security And Surveillance Market
11.5.7.3.1 Rest of South and Central America Security And Surveillance Market by Component
11.5.7.3.2 Rest of South and Central America Security And Surveillance Market by Authentication
11.5.7.3.3 Rest of South and Central America Security And Surveillance Market by Offering
11.5.7.3.4 Rest of South and Central America Security And Surveillance Market by End-user
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SECURITY AND SURVEILLANCE MARKET, KEY COMPANY PROFILES
13.1. ABB LTD
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AVNET, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. AXIS COMMUNICATIONS AB
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HONEYWELL INTERNATIONAL INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. JOHNSON CONTROLS, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MOTOROLA SOLUTIONS, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NEDAP N.V.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ROBERT BOSCH GMBH
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SCHNEIDER ELECTRIC SE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ABB Ltd
2. Avnet, Inc.
3. Axis Communications AB
4. Hangzhou Hikvision Digital Technology Co., Ltd.
5. Honeywell International Inc.
6. Johnson Controls, Inc.
7. Motorola Solutions, Inc.
8. Nedap N.V.
9. Robert Bosch GmbH
10. Schneider Electric SE
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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