The security system integrator market is expected to register a CAGR of 8.7% during 2023–2031. Integration with advanced technologies such as AI and VR is likely to remain a key trend in the market.
Security System Integrator Market Analysis
- The security system integrator market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The security system integrator market is growing owing to factors such as rising cybersecurity threats, increasing adoption of IoT devices, growing investment in smart cities, and increased digitization amongst businesses.
- Cloud-based security solutions to provide lucrative opportunities for the cloud collaboration market.
Security System Integrator Market Overview
- Security system integrator solutions encompass wide range of networked security technologies and services that are intended to safeguard people, property, and data for companies and institutions.
- These solutions usually include centralized administration platforms, intrusion detection systems, video surveillance networks, fire alarm systems, and access control systems. Modern Security system integrator solutions offer scalability and flexibility, allowing for easy expansion or modification as security needs evolve.
- Cloud-based monitoring, mobile management tools, biometric authentication, and AI-powered analytics for threat detection are some of the advanced capabilities offered by security system integrator.
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Security System Integrator Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Security System Integrator Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Security System Integrator Market Drivers and Opportunities
Rising Cybersecurity Threats to Favor Market
- Businesses are facing continuous threat of cybercrimes, as they have grown more widespread in recent years.
- According to Embroker Insurance Services LLC, cyberattacks were considered the fifth top-rated risk in 2021, and cases continue to rise with technological advancements. Computer malware, data breaches, and denial of service (DoS) are a few examples of cyber risks.
- During the COVID-19 pandemic, cybercriminals took advantage of misaligned networks as businesses were shifting to remote working environments. According to OneLogin, cybercrime costs more than US$ 1 trillion worldwide, as 37% of organizations were affected by ransomware and 61% were affected by malware attacks in 2021.
- Between 2021 and 2021, cyberattacks in the US have increased by 139% as the country registered a staggering 145.2 million cases in Q3 2021.
- Organizations are realizing the necessity for comprehensive security solutions that include physical and digital protection as cyber threats become more sophisticated and common. This increases the need for integrators capable of offering comprehensive security solutions.
Cloud-Based Security Solutions
- Cloud-based security system integrator solutions are driving significant growth opportunities in the market, by providing scalable, affordable, and adaptable security management solutions.
- Businesses of all sizes can access powerful security features without having to make significant upfront infrastructure costs with cloud-based security system integrator solutions.
- Modern technologies like artificial intelligence (AI) and sophisticated analytics can be more easily integrated with cloud platforms, improving threat detection and response capabilities.
Security System Integrator Market Report Segmentation Analysis
Key segments that contributed to the derivation of the security system integrator market analysis are security type, organization size, and end users.
- By security type, the market is segmented into application security, network security, data security, endpoint security, business continuity & disaster recovery, and risk & compliance management.
- By organization size, the market is bifurcated into large enterprises, and small & medium-sized enterprises.
- By end users, the market is segmented into aerospace and defense, IT & telecom, government, manufacturing, banking, financial services, and insurance, manufacturing, and energy & utilities.
Security System Integrator Market Share Analysis by Geography
- Cloud high-performance computing (HPC) market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering security system integrator market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the security system integrator market in these regions.
Security System Integrator Market Report Scope
Security System Integrator Market News and Recent Developments
The security system integrator market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the security system integrator market are listed below:
- Data streaming technology developer Confluent has launched a revamped partner program to help systems integrators better develop and deliver solutions based on the Confluent platform and provide professional services around those solutions. The program is also designed to provide systems integrators with resources and incentives to drive customer consumption. (Source: Confluent, Press Release, April 2024).
- BigID, the pioneer in AI-augmented data security, compliance, and privacy for modern cloud-first enterprises, launches its data security posture management integration with ServiceNow's Security Posture Control. This integration enables joint customers to streamline security, compliance, and operational efficiency for ServiceNow's Security Posture Control, enhancing security vulnerability identification and prioritization. (Source: BigID, Press Release, May 2024).
Security System Integrator Market Report Coverage and Deliverables
The “Security System Integrator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Security system integrator market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Security system integrator market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Security system integrator market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the security system integrator market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Integration with advanced technologies such as AI and VR is anticipated to play a significant role in the global security system integrator market in the coming years.
The leading players operating in the security system integrator market are Cisco Systems, Inc; Hewlett Packard Enterprise (HPE) Development LP; IBM Corporation; McAfee, LLC; Accenture Plc; Cognizant Technology Solutions; HCL Technologies Limited; Wipro Limited; CIPHER Security LLC; and Anchor Technologies, Inc.
The global security system integrator market is expected to grow at a CAGR of 8.7% during the forecast period 2024 - 2031.
rising cybersecurity threats, increasing adoption of IoT devices, growing investment in smart cities, and increased digitization amongst businesses are the major factors driving the security system integrator market.
Some of the customization options available based on the request are an 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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Security System Integrator Market - By Security Type
1.3.2 Security System Integrator Market - By Organization Size
1.3.3 Security System Integrator Market - By Industry Vertical
1.3.4 Security System Integrator Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SECURITY SYSTEM INTEGRATOR 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 SYSTEM INTEGRATOR 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 SYSTEM INTEGRATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. SECURITY SYSTEM INTEGRATOR - GLOBAL MARKET OVERVIEW
6.2. SECURITY SYSTEM INTEGRATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SECURITY SYSTEM INTEGRATOR MARKET - REVENUE AND FORECASTS TO 2028 - SECURITY TYPE
7.1. OVERVIEW
7.2. SECURITY TYPE MARKET FORECASTS AND ANALYSIS
7.3. APPLICATION SECURITY
7.3.1. Overview
7.3.2. Application Security Market Forecast and Analysis
7.4. ENDPOINT SECURITY
7.4.1. Overview
7.4.2. Endpoint Security Market Forecast and Analysis
7.5. NETWORK SECURITY
7.5.1. Overview
7.5.2. Network Security Market Forecast and Analysis
7.6. DATA SECURITY
7.6.1. Overview
7.6.2. Data Security Market Forecast and Analysis
7.7. RISK AND COMPLIANCE MANAGEMENT
7.7.1. Overview
7.7.2. Risk and Compliance Management Market Forecast and Analysis
7.8. BUSINESS CONTINUITY AND DISASTER RECOVERY
7.8.1. Overview
7.8.2. Business Continuity and Disaster Recovery Market Forecast and Analysis
8. SECURITY SYSTEM INTEGRATOR MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1. OVERVIEW
8.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
8.3.1. Overview
8.3.2. Small and Medium-sized Enterprises (SMEs) Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. SECURITY SYSTEM INTEGRATOR MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. AEROSPACE AND DEFENSE
9.3.1. Overview
9.3.2. Aerospace and Defense Market Forecast and Analysis
9.4. GOVERNMENT
9.4.1. Overview
9.4.2. Government Market Forecast and Analysis
9.5. BFSI
9.5.1. Overview
9.5.2. BFSI Market Forecast and Analysis
9.6. IT AND TELECOM
9.6.1. Overview
9.6.2. IT and Telecom Market Forecast and Analysis
9.7. HEALTHCARE
9.7.1. Overview
9.7.2. Healthcare Market Forecast and Analysis
9.8. RETAIL
9.8.1. Overview
9.8.2. Retail Market Forecast and Analysis
9.9. MANUFACTURING
9.9.1. Overview
9.9.2. Manufacturing Market Forecast and Analysis
9.10. ENERGY AND UTILITIES
9.10.1. Overview
9.10.2. Energy and Utilities Market Forecast and Analysis
9.11. OTHERS
9.11.1. Overview
9.11.2. Others Market Forecast and Analysis
10. SECURITY SYSTEM INTEGRATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Security System Integrator Market Overview
10.1.2 North America Security System Integrator Market Forecasts and Analysis
10.1.3 North America Security System Integrator Market Forecasts and Analysis - By Security Type
10.1.4 North America Security System Integrator Market Forecasts and Analysis - By Organization Size
10.1.5 North America Security System Integrator Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America Security System Integrator Market Forecasts and Analysis - By Countries
10.1.6.1 United States Security System Integrator Market
10.1.6.1.1 United States Security System Integrator Market by Security Type
10.1.6.1.2 United States Security System Integrator Market by Organization Size
10.1.6.1.3 United States Security System Integrator Market by Industry Vertical
10.1.6.2 Canada Security System Integrator Market
10.1.6.2.1 Canada Security System Integrator Market by Security Type
10.1.6.2.2 Canada Security System Integrator Market by Organization Size
10.1.6.2.3 Canada Security System Integrator Market by Industry Vertical
10.1.6.3 Mexico Security System Integrator Market
10.1.6.3.1 Mexico Security System Integrator Market by Security Type
10.1.6.3.2 Mexico Security System Integrator Market by Organization Size
10.1.6.3.3 Mexico Security System Integrator Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe Security System Integrator Market Overview
10.2.2 Europe Security System Integrator Market Forecasts and Analysis
10.2.3 Europe Security System Integrator Market Forecasts and Analysis - By Security Type
10.2.4 Europe Security System Integrator Market Forecasts and Analysis - By Organization Size
10.2.5 Europe Security System Integrator Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe Security System Integrator Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Security System Integrator Market
10.2.6.1.1 Germany Security System Integrator Market by Security Type
10.2.6.1.2 Germany Security System Integrator Market by Organization Size
10.2.6.1.3 Germany Security System Integrator Market by Industry Vertical
10.2.6.2 France Security System Integrator Market
10.2.6.2.1 France Security System Integrator Market by Security Type
10.2.6.2.2 France Security System Integrator Market by Organization Size
10.2.6.2.3 France Security System Integrator Market by Industry Vertical
10.2.6.3 Italy Security System Integrator Market
10.2.6.3.1 Italy Security System Integrator Market by Security Type
10.2.6.3.2 Italy Security System Integrator Market by Organization Size
10.2.6.3.3 Italy Security System Integrator Market by Industry Vertical
10.2.6.4 United Kingdom Security System Integrator Market
10.2.6.4.1 United Kingdom Security System Integrator Market by Security Type
10.2.6.4.2 United Kingdom Security System Integrator Market by Organization Size
10.2.6.4.3 United Kingdom Security System Integrator Market by Industry Vertical
10.2.6.5 Russia Security System Integrator Market
10.2.6.5.1 Russia Security System Integrator Market by Security Type
10.2.6.5.2 Russia Security System Integrator Market by Organization Size
10.2.6.5.3 Russia Security System Integrator Market by Industry Vertical
10.2.6.6 Rest of Europe Security System Integrator Market
10.2.6.6.1 Rest of Europe Security System Integrator Market by Security Type
10.2.6.6.2 Rest of Europe Security System Integrator Market by Organization Size
10.2.6.6.3 Rest of Europe Security System Integrator Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Security System Integrator Market Overview
10.3.2 Asia-Pacific Security System Integrator Market Forecasts and Analysis
10.3.3 Asia-Pacific Security System Integrator Market Forecasts and Analysis - By Security Type
10.3.4 Asia-Pacific Security System Integrator Market Forecasts and Analysis - By Organization Size
10.3.5 Asia-Pacific Security System Integrator Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific Security System Integrator Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Security System Integrator Market
10.3.6.1.1 Australia Security System Integrator Market by Security Type
10.3.6.1.2 Australia Security System Integrator Market by Organization Size
10.3.6.1.3 Australia Security System Integrator Market by Industry Vertical
10.3.6.2 China Security System Integrator Market
10.3.6.2.1 China Security System Integrator Market by Security Type
10.3.6.2.2 China Security System Integrator Market by Organization Size
10.3.6.2.3 China Security System Integrator Market by Industry Vertical
10.3.6.3 India Security System Integrator Market
10.3.6.3.1 India Security System Integrator Market by Security Type
10.3.6.3.2 India Security System Integrator Market by Organization Size
10.3.6.3.3 India Security System Integrator Market by Industry Vertical
10.3.6.4 Japan Security System Integrator Market
10.3.6.4.1 Japan Security System Integrator Market by Security Type
10.3.6.4.2 Japan Security System Integrator Market by Organization Size
10.3.6.4.3 Japan Security System Integrator Market by Industry Vertical
10.3.6.5 South Korea Security System Integrator Market
10.3.6.5.1 South Korea Security System Integrator Market by Security Type
10.3.6.5.2 South Korea Security System Integrator Market by Organization Size
10.3.6.5.3 South Korea Security System Integrator Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific Security System Integrator Market
10.3.6.6.1 Rest of Asia-Pacific Security System Integrator Market by Security Type
10.3.6.6.2 Rest of Asia-Pacific Security System Integrator Market by Organization Size
10.3.6.6.3 Rest of Asia-Pacific Security System Integrator Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Security System Integrator Market Overview
10.4.2 Middle East and Africa Security System Integrator Market Forecasts and Analysis
10.4.3 Middle East and Africa Security System Integrator Market Forecasts and Analysis - By Security Type
10.4.4 Middle East and Africa Security System Integrator Market Forecasts and Analysis - By Organization Size
10.4.5 Middle East and Africa Security System Integrator Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa Security System Integrator Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Security System Integrator Market
10.4.6.1.1 South Africa Security System Integrator Market by Security Type
10.4.6.1.2 South Africa Security System Integrator Market by Organization Size
10.4.6.1.3 South Africa Security System Integrator Market by Industry Vertical
10.4.6.2 Saudi Arabia Security System Integrator Market
10.4.6.2.1 Saudi Arabia Security System Integrator Market by Security Type
10.4.6.2.2 Saudi Arabia Security System Integrator Market by Organization Size
10.4.6.2.3 Saudi Arabia Security System Integrator Market by Industry Vertical
10.4.6.3 U.A.E Security System Integrator Market
10.4.6.3.1 U.A.E Security System Integrator Market by Security Type
10.4.6.3.2 U.A.E Security System Integrator Market by Organization Size
10.4.6.3.3 U.A.E Security System Integrator Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa Security System Integrator Market
10.4.6.4.1 Rest of Middle East and Africa Security System Integrator Market by Security Type
10.4.6.4.2 Rest of Middle East and Africa Security System Integrator Market by Organization Size
10.4.6.4.3 Rest of Middle East and Africa Security System Integrator Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Security System Integrator Market Overview
10.5.2 South and Central America Security System Integrator Market Forecasts and Analysis
10.5.3 South and Central America Security System Integrator Market Forecasts and Analysis - By Security Type
10.5.4 South and Central America Security System Integrator Market Forecasts and Analysis - By Organization Size
10.5.5 South and Central America Security System Integrator Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America Security System Integrator Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Security System Integrator Market
10.5.6.1.1 Brazil Security System Integrator Market by Security Type
10.5.6.1.2 Brazil Security System Integrator Market by Organization Size
10.5.6.1.3 Brazil Security System Integrator Market by Industry Vertical
10.5.6.2 Argentina Security System Integrator Market
10.5.6.2.1 Argentina Security System Integrator Market by Security Type
10.5.6.2.2 Argentina Security System Integrator Market by Organization Size
10.5.6.2.3 Argentina Security System Integrator Market by Industry Vertical
10.5.6.3 Rest of South and Central America Security System Integrator Market
10.5.6.3.1 Rest of South and Central America Security System Integrator Market by Security Type
10.5.6.3.2 Rest of South and Central America Security System Integrator Market by Organization Size
10.5.6.3.3 Rest of South and Central America Security System Integrator Market by Industry Vertical
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SECURITY SYSTEM INTEGRATOR MARKET, KEY COMPANY PROFILES
12.1. CISCO SYSTEMS, INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. FIREEYE, 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. MCAFEE, 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. COGNIZANT
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. DELOITTE TOUCHE TOHMATSU LIMITED
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. HCL INFOTECH LIMITED.
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. WIPRO LIMITED
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. CIPHER SECURITY LLC
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. INTEGRITY360
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Cisco Systems, Inc.
2. FireEye, Inc.
3. IBM
4. McAfee, LLC
5. Cognizant
6. Deloitte Touche Tohmatsu Limited
7.HCL Infotech Limited.
8. Wipro Limited
9. CIPHER Security LLC
10. Integrity360
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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