Storage Controller Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A storage controller is a device, controlling storage arrays and consists of central processing unit (CPU), "connection interface with network & memory devices" and "cache memory". It is also known as "array controller" or "storage processor". Hitachi, Broadcom Inc., Controlled Atmosphere Equipment are some of the providers leading the market of storage controller equipment.
MARKET DYNAMICS
As storage controllers offers end users with a choice of controllers based on user's need, the demand for storage controller is increasing. Also, the controllers delivers performance acceleration that boosts systems' efficiency and reliability. The personalized controllers are affordable in case they are utilized on a large scale. The factors mentioned above are positively impacting the market growth. On the contrary to the market growth, development of a customized storage controllers consumes considerable time which makes the price of storage controllers high. Also, personalized development of storage controllers also adds on the price which collectively boost the price. This factor might obstruct growth of the storage controller equipment market.
MARKET SCOPE
The "Global Storage Controller Equipment Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the storage controller equipment market with detailed market segmentation - controller type, application, enterprise size, and geography. The global storage controller equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading storage controller equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
IMPACT OF COVID-19 ON STORAGE CONTROLLER EQUIPMENT MARKET
The outbreak of the COVID-19 has negatively impacted the growth of storage controller equipment market. With temporary shutdown of production plants and pause in production activities in different corners of the world, the demand & procurement of strorage controller equioment witnessed a downward trend in its market growth. However, with large enterprises started functioning by following COVID-19 safety protocols, the demand for storgae controller will once again rise ata a graudal rate.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global storage controller equipment 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 (SAM). The storage controller equipment 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 the storage controller equipment 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 tactile sensors 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 storage controller equipment 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 (SAM). The storage controller equipment 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 the storage controller equipment 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 tactile sensors in these regions.
MARKET PLAYERS
The reports cover key developments in the storage controller equipment 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 way for the expansion of business and customer base of market players. The market payers from storage controller equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for tactile sensors in the global market. Below mentioned is the list of few companies engaged in the storage controller equipment market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the storage controller equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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
1.3.1 Storage Controller Equipment Market - By Controller Type
1.3.2 Storage Controller Equipment Market - By Application
1.3.3 Storage Controller Equipment Market - By Enterprise Size
1.3.4 Storage Controller Equipment Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STORAGE CONTROLLER EQUIPMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. STORAGE CONTROLLER EQUIPMENT 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. STORAGE CONTROLLER EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. STORAGE CONTROLLER EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2. STORAGE CONTROLLER EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STORAGE CONTROLLER EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - CONTROLLER TYPE
7.1. OVERVIEW
7.2. CONTROLLER TYPE MARKET FORECASTS AND ANALYSIS
7.3. HOST BUS ADAPTERS (HBAS)
7.3.1. Overview
7.3.2. Host Bus Adapters (HBAs) Market Forecast and Analysis
7.4. REDUNDANT ARRAY OF INDEPENDENT DISKS (RAID)
7.4.1. Overview
7.4.2. Redundant Array of independent Disks (RAID) Market Forecast and Analysis
8. STORAGE CONTROLLER EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMODITY-SERVER BASED
8.3.1. Overview
8.3.2. Commodity-server based Market Forecast and Analysis
8.4. PURPOSE BUILT
8.4.1. Overview
8.4.2. Purpose built Market Forecast and Analysis
8.5. CUSTOM DESIGNED
8.5.1. Overview
8.5.2. Custom designed Market Forecast and Analysis
9. STORAGE CONTROLLER EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMES
9.3.1. Overview
9.3.2. SMEs Market Forecast and Analysis
9.4. LARGE ENTERPRISES
9.4.1. Overview
9.4.2. Large Enterprises Market Forecast and Analysis
10. STORAGE CONTROLLER EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Storage Controller Equipment Market Overview
10.1.2 North America Storage Controller Equipment Market Forecasts and Analysis
10.1.3 North America Storage Controller Equipment Market Forecasts and Analysis - By Controller Type
10.1.4 North America Storage Controller Equipment Market Forecasts and Analysis - By Application
10.1.5 North America Storage Controller Equipment Market Forecasts and Analysis - By Enterprise Size
10.1.6 North America Storage Controller Equipment Market Forecasts and Analysis - By Countries
10.1.6.1 United States Storage Controller Equipment Market
10.1.6.1.1 United States Storage Controller Equipment Market by Controller Type
10.1.6.1.2 United States Storage Controller Equipment Market by Application
10.1.6.1.3 United States Storage Controller Equipment Market by Enterprise Size
10.1.6.2 Canada Storage Controller Equipment Market
10.1.6.2.1 Canada Storage Controller Equipment Market by Controller Type
10.1.6.2.2 Canada Storage Controller Equipment Market by Application
10.1.6.2.3 Canada Storage Controller Equipment Market by Enterprise Size
10.1.6.3 Mexico Storage Controller Equipment Market
10.1.6.3.1 Mexico Storage Controller Equipment Market by Controller Type
10.1.6.3.2 Mexico Storage Controller Equipment Market by Application
10.1.6.3.3 Mexico Storage Controller Equipment Market by Enterprise Size
10.2. EUROPE
10.2.1 Europe Storage Controller Equipment Market Overview
10.2.2 Europe Storage Controller Equipment Market Forecasts and Analysis
10.2.3 Europe Storage Controller Equipment Market Forecasts and Analysis - By Controller Type
10.2.4 Europe Storage Controller Equipment Market Forecasts and Analysis - By Application
10.2.5 Europe Storage Controller Equipment Market Forecasts and Analysis - By Enterprise Size
10.2.6 Europe Storage Controller Equipment Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Storage Controller Equipment Market
10.2.6.1.1 Germany Storage Controller Equipment Market by Controller Type
10.2.6.1.2 Germany Storage Controller Equipment Market by Application
10.2.6.1.3 Germany Storage Controller Equipment Market by Enterprise Size
10.2.6.2 France Storage Controller Equipment Market
10.2.6.2.1 France Storage Controller Equipment Market by Controller Type
10.2.6.2.2 France Storage Controller Equipment Market by Application
10.2.6.2.3 France Storage Controller Equipment Market by Enterprise Size
10.2.6.3 Italy Storage Controller Equipment Market
10.2.6.3.1 Italy Storage Controller Equipment Market by Controller Type
10.2.6.3.2 Italy Storage Controller Equipment Market by Application
10.2.6.3.3 Italy Storage Controller Equipment Market by Enterprise Size
10.2.6.4 United Kingdom Storage Controller Equipment Market
10.2.6.4.1 United Kingdom Storage Controller Equipment Market by Controller Type
10.2.6.4.2 United Kingdom Storage Controller Equipment Market by Application
10.2.6.4.3 United Kingdom Storage Controller Equipment Market by Enterprise Size
10.2.6.5 Russia Storage Controller Equipment Market
10.2.6.5.1 Russia Storage Controller Equipment Market by Controller Type
10.2.6.5.2 Russia Storage Controller Equipment Market by Application
10.2.6.5.3 Russia Storage Controller Equipment Market by Enterprise Size
10.2.6.6 Rest of Europe Storage Controller Equipment Market
10.2.6.6.1 Rest of Europe Storage Controller Equipment Market by Controller Type
10.2.6.6.2 Rest of Europe Storage Controller Equipment Market by Application
10.2.6.6.3 Rest of Europe Storage Controller Equipment Market by Enterprise Size
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Storage Controller Equipment Market Overview
10.3.2 Asia-Pacific Storage Controller Equipment Market Forecasts and Analysis
10.3.3 Asia-Pacific Storage Controller Equipment Market Forecasts and Analysis - By Controller Type
10.3.4 Asia-Pacific Storage Controller Equipment Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Storage Controller Equipment Market Forecasts and Analysis - By Enterprise Size
10.3.6 Asia-Pacific Storage Controller Equipment Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Storage Controller Equipment Market
10.3.6.1.1 Australia Storage Controller Equipment Market by Controller Type
10.3.6.1.2 Australia Storage Controller Equipment Market by Application
10.3.6.1.3 Australia Storage Controller Equipment Market by Enterprise Size
10.3.6.2 China Storage Controller Equipment Market
10.3.6.2.1 China Storage Controller Equipment Market by Controller Type
10.3.6.2.2 China Storage Controller Equipment Market by Application
10.3.6.2.3 China Storage Controller Equipment Market by Enterprise Size
10.3.6.3 India Storage Controller Equipment Market
10.3.6.3.1 India Storage Controller Equipment Market by Controller Type
10.3.6.3.2 India Storage Controller Equipment Market by Application
10.3.6.3.3 India Storage Controller Equipment Market by Enterprise Size
10.3.6.4 Japan Storage Controller Equipment Market
10.3.6.4.1 Japan Storage Controller Equipment Market by Controller Type
10.3.6.4.2 Japan Storage Controller Equipment Market by Application
10.3.6.4.3 Japan Storage Controller Equipment Market by Enterprise Size
10.3.6.5 South Korea Storage Controller Equipment Market
10.3.6.5.1 South Korea Storage Controller Equipment Market by Controller Type
10.3.6.5.2 South Korea Storage Controller Equipment Market by Application
10.3.6.5.3 South Korea Storage Controller Equipment Market by Enterprise Size
10.3.6.6 Rest of Asia-Pacific Storage Controller Equipment Market
10.3.6.6.1 Rest of Asia-Pacific Storage Controller Equipment Market by Controller Type
10.3.6.6.2 Rest of Asia-Pacific Storage Controller Equipment Market by Application
10.3.6.6.3 Rest of Asia-Pacific Storage Controller Equipment Market by Enterprise Size
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Storage Controller Equipment Market Overview
10.4.2 Middle East and Africa Storage Controller Equipment Market Forecasts and Analysis
10.4.3 Middle East and Africa Storage Controller Equipment Market Forecasts and Analysis - By Controller Type
10.4.4 Middle East and Africa Storage Controller Equipment Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Storage Controller Equipment Market Forecasts and Analysis - By Enterprise Size
10.4.6 Middle East and Africa Storage Controller Equipment Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Storage Controller Equipment Market
10.4.6.1.1 South Africa Storage Controller Equipment Market by Controller Type
10.4.6.1.2 South Africa Storage Controller Equipment Market by Application
10.4.6.1.3 South Africa Storage Controller Equipment Market by Enterprise Size
10.4.6.2 Saudi Arabia Storage Controller Equipment Market
10.4.6.2.1 Saudi Arabia Storage Controller Equipment Market by Controller Type
10.4.6.2.2 Saudi Arabia Storage Controller Equipment Market by Application
10.4.6.2.3 Saudi Arabia Storage Controller Equipment Market by Enterprise Size
10.4.6.3 U.A.E Storage Controller Equipment Market
10.4.6.3.1 U.A.E Storage Controller Equipment Market by Controller Type
10.4.6.3.2 U.A.E Storage Controller Equipment Market by Application
10.4.6.3.3 U.A.E Storage Controller Equipment Market by Enterprise Size
10.4.6.4 Rest of Middle East and Africa Storage Controller Equipment Market
10.4.6.4.1 Rest of Middle East and Africa Storage Controller Equipment Market by Controller Type
10.4.6.4.2 Rest of Middle East and Africa Storage Controller Equipment Market by Application
10.4.6.4.3 Rest of Middle East and Africa Storage Controller Equipment Market by Enterprise Size
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Storage Controller Equipment Market Overview
10.5.2 South and Central America Storage Controller Equipment Market Forecasts and Analysis
10.5.3 South and Central America Storage Controller Equipment Market Forecasts and Analysis - By Controller Type
10.5.4 South and Central America Storage Controller Equipment Market Forecasts and Analysis - By Application
10.5.5 South and Central America Storage Controller Equipment Market Forecasts and Analysis - By Enterprise Size
10.5.6 South and Central America Storage Controller Equipment Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Storage Controller Equipment Market
10.5.6.1.1 Brazil Storage Controller Equipment Market by Controller Type
10.5.6.1.2 Brazil Storage Controller Equipment Market by Application
10.5.6.1.3 Brazil Storage Controller Equipment Market by Enterprise Size
10.5.6.2 Argentina Storage Controller Equipment Market
10.5.6.2.1 Argentina Storage Controller Equipment Market by Controller Type
10.5.6.2.2 Argentina Storage Controller Equipment Market by Application
10.5.6.2.3 Argentina Storage Controller Equipment Market by Enterprise Size
10.5.6.3 Rest of South and Central America Storage Controller Equipment Market
10.5.6.3.1 Rest of South and Central America Storage Controller Equipment Market by Controller Type
10.5.6.3.2 Rest of South and Central America Storage Controller Equipment Market by Application
10.5.6.3.3 Rest of South and Central America Storage Controller Equipment Market by Enterprise Size
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. STORAGE CONTROLLER EQUIPMENT MARKET, KEY COMPANY PROFILES
12.1. APPLIED MICRO CIRCUITS CORPORATION
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. ATTO TECHNOLOGY, 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. ARECA TECHNOLOGY CORP.
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. ASUSTEK COMPUTER INC.
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. BROADCOM 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. DELL TECHNOLOGIES
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. ESCONET TECHNOLOGIES PVT LTD.
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. INTEL CORPORATION
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. MARVELL
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. MICROCHIP TECHNOLOGY 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.Applied Micro Circuits Corporation
2.ATTO Technology, Inc.
3.Areca Technology Corp.
4.ASUSTeK Computer Inc.
5.Broadcom Inc
6.Dell Technologies
7.Esconet Technologies Pvt Ltd.
8.Intel Corporation
9.Marvell
10.Microchip Technology 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.