Serverless Architecture Market Scope and Size by 2031
The serverless architecture, also known as FaaS (Function as a Service) or serverless computing, eliminates the need for server software and hardware management by the developer. It is a software design pattern wherein applications are hosted by third-party providers. These applications run on servers, but one does not need to own, maintain and manage those servers. This cloud computing execution model enables users to focus on ideas and application without worrying about the infrastructure.
MARKET DYNAMICS
The serverless architecture market is anticipated to grow in the forecast period owing to advantages such as reduced operational costs and process agility coupled with the emergence of cloud-based technologies. Moreover, the ease of deployment, execution, management and various other benefits are likely to fuel the growth of the serverless architecture market. However, the market is negatively influenced by the architectural and operational complexities, along with security and compliance issues. Nonetheless, the ongoing trend of IIoT coupled with rising adoption of cloud-based applications offers lucrative opportunities for the growth of the serverless architecture market and the key players involved during the forecast period.
MARKET SCOPE
The "Global Serverless Architecture Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of serverless architecture market with detailed market segmentation by service type, organization size and industry vertical and geography. The global serverless architecture market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading serverless architecture market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global serverless architecture market is segmented on the basis of service type, organization size and industry vertical. Based on service type, the market is segmented as automation and integration, API management, security, monitoring, maintenance & support, training & consulting and others. On the basis of the organisation size, the market is segmented as large enterprises and SMEs. The market on the basis of the industry vertical is classified as BFSI, IT & telecommunications, manufacturing, retail & e-commerce, healthcare, media & entertainment, government & public sector and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global serverless architecture market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The serverless architecture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting serverless architecture market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the serverless architecture market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global serverless architecture market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The serverless architecture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting serverless architecture market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the serverless architecture market in these regions.
MARKET PLAYERSThe reports cover key developments in the serverless architecture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from serverless architecture market are anticipated to lucrative growth opportunities in the future with the rising demand for serverless architecture in the global market. Below mentioned is the list of few companies engaged in the serverless architecture market.
The report also includes the profiles of key serverless architecture companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Alibaba Group
- CA Technologies (Broadcom Inc.)
- Google LLC
- IBM Corporation
- Joyent, Inc.
- Microsoft Corporation
- Oracle Corporation
- Rackspace Inc.
- Syncano
- TIBCO Software Inc.
- 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.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Serverless Architecture Market - By Service Type
1.3.2Serverless Architecture Market - By Organization Size
1.3.3Serverless Architecture Market - By Industry Vertical
1.3.4Serverless Architecture Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.SERVERLESS ARCHITECTURE 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.SERVERLESS ARCHITECTURE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.SERVERLESS ARCHITECTURE MARKET - GLOBAL MARKET ANALYSIS
6.1.SERVERLESS ARCHITECTURE - GLOBAL MARKET OVERVIEW
6.2.SERVERLESS ARCHITECTURE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.SERVERLESS ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1.OVERVIEW
7.2.SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3.AUTOMATION AND INTEGRATION
7.3.1.Overview
7.3.2.Automation and Integration Market Forecast and Analysis
7.4.API MANAGEMENT
7.4.1.Overview
7.4.2.API Management Market Forecast and Analysis
7.5.SECURITY
7.5.1.Overview
7.5.2.Security Market Forecast and Analysis
7.6.MONITORING
7.6.1.Overview
7.6.2.Monitoring Market Forecast and Analysis
7.7.MAINTENANCE AND SUPPORT
7.7.1.Overview
7.7.2.Maintenance and Support Market Forecast and Analysis
7.8.TRAINING AND CONSULTING
7.8.1.Overview
7.8.2.Training and Consulting Market Forecast and Analysis
7.9.OTHERS
7.9.1.Overview
7.9.2.Others Market Forecast and Analysis
8.SERVERLESS ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1.OVERVIEW
8.2.ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3.LARGE ENTERPRISES
8.3.1.Overview
8.3.2.Large Enterprises Market Forecast and Analysis
8.4.SMES
8.4.1.Overview
8.4.2.SMEs Market Forecast and Analysis
9.SERVERLESS ARCHITECTURE MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1.OVERVIEW
9.2.INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3.BFSI
9.3.1.Overview
9.3.2.BFSI Market Forecast and Analysis
9.4.IT AND TELECOMMUNICATIONS
9.4.1.Overview
9.4.2.IT and Telecommunications Market Forecast and Analysis
9.5.MANUFACTURING
9.5.1.Overview
9.5.2.Manufacturing Market Forecast and Analysis
9.6.RETAIL AND E-COMMERCE
9.6.1.Overview
9.6.2.Retail and E-commerce Market Forecast and Analysis
9.7.HEALTHCARE
9.7.1.Overview
9.7.2.Healthcare Market Forecast and Analysis
9.8.MEDIA AND ENTERTAINMENT
9.8.1.Overview
9.8.2.Media and Entertainment Market Forecast and Analysis
9.9.GOVERNMENT AND PUBLIC SECTOR
9.9.1.Overview
9.9.2.Government and Public Sector Market Forecast and Analysis
9.10.OTHERS
9.10.1.Overview
9.10.2.Others Market Forecast and Analysis
10.SERVERLESS ARCHITECTURE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Serverless Architecture Market Overview
10.1.2North America Serverless Architecture Market Forecasts and Analysis
10.1.3North America Serverless Architecture Market Forecasts and Analysis - By Service Type
10.1.4North America Serverless Architecture Market Forecasts and Analysis - By Organization Size
10.1.5North America Serverless Architecture Market Forecasts and Analysis - By Industry Vertical
10.1.6North America Serverless Architecture Market Forecasts and Analysis - By Countries
10.1.6.1United States Serverless Architecture Market
10.1.6.1.1United States Serverless Architecture Market by Service Type
10.1.6.1.2United States Serverless Architecture Market by Organization Size
10.1.6.1.3United States Serverless Architecture Market by Industry Vertical
10.1.6.2Canada Serverless Architecture Market
10.1.6.2.1Canada Serverless Architecture Market by Service Type
10.1.6.2.2Canada Serverless Architecture Market by Organization Size
10.1.6.2.3Canada Serverless Architecture Market by Industry Vertical
10.1.6.3Mexico Serverless Architecture Market
10.1.6.3.1Mexico Serverless Architecture Market by Service Type
10.1.6.3.2Mexico Serverless Architecture Market by Organization Size
10.1.6.3.3Mexico Serverless Architecture Market by Industry Vertical
10.2.EUROPE
10.2.1Europe Serverless Architecture Market Overview
10.2.2Europe Serverless Architecture Market Forecasts and Analysis
10.2.3Europe Serverless Architecture Market Forecasts and Analysis - By Service Type
10.2.4Europe Serverless Architecture Market Forecasts and Analysis - By Organization Size
10.2.5Europe Serverless Architecture Market Forecasts and Analysis - By Industry Vertical
10.2.6Europe Serverless Architecture Market Forecasts and Analysis - By Countries
10.2.6.1Germany Serverless Architecture Market
10.2.6.1.1Germany Serverless Architecture Market by Service Type
10.2.6.1.2Germany Serverless Architecture Market by Organization Size
10.2.6.1.3Germany Serverless Architecture Market by Industry Vertical
10.2.6.2France Serverless Architecture Market
10.2.6.2.1France Serverless Architecture Market by Service Type
10.2.6.2.2France Serverless Architecture Market by Organization Size
10.2.6.2.3France Serverless Architecture Market by Industry Vertical
10.2.6.3Italy Serverless Architecture Market
10.2.6.3.1Italy Serverless Architecture Market by Service Type
10.2.6.3.2Italy Serverless Architecture Market by Organization Size
10.2.6.3.3Italy Serverless Architecture Market by Industry Vertical
10.2.6.4United Kingdom Serverless Architecture Market
10.2.6.4.1United Kingdom Serverless Architecture Market by Service Type
10.2.6.4.2United Kingdom Serverless Architecture Market by Organization Size
10.2.6.4.3United Kingdom Serverless Architecture Market by Industry Vertical
10.2.6.5Russia Serverless Architecture Market
10.2.6.5.1Russia Serverless Architecture Market by Service Type
10.2.6.5.2Russia Serverless Architecture Market by Organization Size
10.2.6.5.3Russia Serverless Architecture Market by Industry Vertical
10.2.6.6Rest of Europe Serverless Architecture Market
10.2.6.6.1Rest of Europe Serverless Architecture Market by Service Type
10.2.6.6.2Rest of Europe Serverless Architecture Market by Organization Size
10.2.6.6.3Rest of Europe Serverless Architecture Market by Industry Vertical
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Serverless Architecture Market Overview
10.3.2Asia-Pacific Serverless Architecture Market Forecasts and Analysis
10.3.3Asia-Pacific Serverless Architecture Market Forecasts and Analysis - By Service Type
10.3.4Asia-Pacific Serverless Architecture Market Forecasts and Analysis - By Organization Size
10.3.5Asia-Pacific Serverless Architecture Market Forecasts and Analysis - By Industry Vertical
10.3.6Asia-Pacific Serverless Architecture Market Forecasts and Analysis - By Countries
10.3.6.1Australia Serverless Architecture Market
10.3.6.1.1Australia Serverless Architecture Market by Service Type
10.3.6.1.2Australia Serverless Architecture Market by Organization Size
10.3.6.1.3Australia Serverless Architecture Market by Industry Vertical
10.3.6.2China Serverless Architecture Market
10.3.6.2.1China Serverless Architecture Market by Service Type
10.3.6.2.2China Serverless Architecture Market by Organization Size
10.3.6.2.3China Serverless Architecture Market by Industry Vertical
10.3.6.3India Serverless Architecture Market
10.3.6.3.1India Serverless Architecture Market by Service Type
10.3.6.3.2India Serverless Architecture Market by Organization Size
10.3.6.3.3India Serverless Architecture Market by Industry Vertical
10.3.6.4Japan Serverless Architecture Market
10.3.6.4.1Japan Serverless Architecture Market by Service Type
10.3.6.4.2Japan Serverless Architecture Market by Organization Size
10.3.6.4.3Japan Serverless Architecture Market by Industry Vertical
10.3.6.5South Korea Serverless Architecture Market
10.3.6.5.1South Korea Serverless Architecture Market by Service Type
10.3.6.5.2South Korea Serverless Architecture Market by Organization Size
10.3.6.5.3South Korea Serverless Architecture Market by Industry Vertical
10.3.6.6Rest of Asia-Pacific Serverless Architecture Market
10.3.6.6.1Rest of Asia-Pacific Serverless Architecture Market by Service Type
10.3.6.6.2Rest of Asia-Pacific Serverless Architecture Market by Organization Size
10.3.6.6.3Rest of Asia-Pacific Serverless Architecture Market by Industry Vertical
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Serverless Architecture Market Overview
10.4.2Middle East and Africa Serverless Architecture Market Forecasts and Analysis
10.4.3Middle East and Africa Serverless Architecture Market Forecasts and Analysis - By Service Type
10.4.4Middle East and Africa Serverless Architecture Market Forecasts and Analysis - By Organization Size
10.4.5Middle East and Africa Serverless Architecture Market Forecasts and Analysis - By Industry Vertical
10.4.6Middle East and Africa Serverless Architecture Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Serverless Architecture Market
10.4.6.1.1South Africa Serverless Architecture Market by Service Type
10.4.6.1.2South Africa Serverless Architecture Market by Organization Size
10.4.6.1.3South Africa Serverless Architecture Market by Industry Vertical
10.4.6.2Saudi Arabia Serverless Architecture Market
10.4.6.2.1Saudi Arabia Serverless Architecture Market by Service Type
10.4.6.2.2Saudi Arabia Serverless Architecture Market by Organization Size
10.4.6.2.3Saudi Arabia Serverless Architecture Market by Industry Vertical
10.4.6.3U.A.E Serverless Architecture Market
10.4.6.3.1U.A.E Serverless Architecture Market by Service Type
10.4.6.3.2U.A.E Serverless Architecture Market by Organization Size
10.4.6.3.3U.A.E Serverless Architecture Market by Industry Vertical
10.4.6.4Rest of Middle East and Africa Serverless Architecture Market
10.4.6.4.1Rest of Middle East and Africa Serverless Architecture Market by Service Type
10.4.6.4.2Rest of Middle East and Africa Serverless Architecture Market by Organization Size
10.4.6.4.3Rest of Middle East and Africa Serverless Architecture Market by Industry Vertical
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Serverless Architecture Market Overview
10.5.2South and Central America Serverless Architecture Market Forecasts and Analysis
10.5.3South and Central America Serverless Architecture Market Forecasts and Analysis - By Service Type
10.5.4South and Central America Serverless Architecture Market Forecasts and Analysis - By Organization Size
10.5.5South and Central America Serverless Architecture Market Forecasts and Analysis - By Industry Vertical
10.5.6South and Central America Serverless Architecture Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Serverless Architecture Market
10.5.6.1.1Brazil Serverless Architecture Market by Service Type
10.5.6.1.2Brazil Serverless Architecture Market by Organization Size
10.5.6.1.3Brazil Serverless Architecture Market by Industry Vertical
10.5.6.2Argentina Serverless Architecture Market
10.5.6.2.1Argentina Serverless Architecture Market by Service Type
10.5.6.2.2Argentina Serverless Architecture Market by Organization Size
10.5.6.2.3Argentina Serverless Architecture Market by Industry Vertical
10.5.6.3Rest of South and Central America Serverless Architecture Market
10.5.6.3.1Rest of South and Central America Serverless Architecture Market by Service Type
10.5.6.3.2Rest of South and Central America Serverless Architecture Market by Organization Size
10.5.6.3.3Rest of South and Central America Serverless Architecture 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.SERVERLESS ARCHITECTURE MARKET, KEY COMPANY PROFILES
12.1.ALIBABA GROUP
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.CA TECHNOLOGIES (BROADCOM 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.GOOGLE LLC
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.IBM 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.JOYENT, 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.MICROSOFT CORPORATION
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.ORACLE CORPORATION
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.RACKSPACE 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.SYNCANO
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.TIBCO SOFTWARE INC.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1.Alibaba Group
2.CA Technologies (Broadcom Inc.)
3.Google LLC
4.IBM Corporation
5.Joyent, Inc.
6.Microsoft Corporation
7.Oracle Corporation
8.Rackspace Inc.
9.Syncano
10.TIBCO Software Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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