Telecom Cloud Market Dynamics 2021-2031
The telecom cloud market is expected to register a CAGR of 22.4% during 2023–2031. The growing demand for cloud-based solutions and the adoption of advanced technology are likely to remain a key trend in the market.
Telecom Cloud Market Analysis
- The growth of the market is driven by rapid digitalization across industries and a rise in internet use and handheld devices. Moreover, the increasing demand for high connectivity and the rise of cloud computing are expected to drive the development of the market.
- The increasing adoption of telecom cloud among various industries such as retail, banking institutions, and healthcare is expected to boost the market growth.
Telecom Cloud Market Overview
- The shift towards 5G networks is significantly driving the growth of the telecom cloud market, propelled by advancements in technology and connectivity. North America holds a substantial market share of the telecom cloud market owing to the implementation of new technologies and the influence on people to use in-house facilities of telecom cloud.
- Moreover, in May 2024, Mavenir announced the signing of a five-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), set to influence the deployment of telecom workloads running on AWS. This type of collaboration is expected to fuel the growth of the telecom cloud market.
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Telecom Cloud Market: Strategic Insights
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Telecom Cloud Market: Strategic Insights
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Telecom Cloud Market Drivers and Opportunities
Increase In Demand for High-Speed Data
- Rapid digitalization across industries influences the need for high-speed data connection. The rise in adoption of 5G networks & increase in data usage from online platforms such as online gaming, social media, and e-commerce sites for online business drive the market of telecom cloud. Similarly, advancements in information and communication technology also drive the demand for high connectivity.
- The growing use of handheld devices for work, entertainment, and e-learning raises demand for high-speed connectivity data and also increases the demand for telecom cloud. The outbreak of the COVID-19 pandemic in 2021 further accelerated the demand for high-speed connectivity due to the promotion of work-from-home and e-learning initiatives.
Increasing Adoption of SDN and NFV-based Cloud-native
- Innovative technologies, such as Network Function Virtualization (NFV) and Software-Defined Networks (SDN), are developed using cloud environment and virtualization. The use of these technologies has increased in the digital era. Infrastructure vendors have been strongly encouraged to collaborate with technology providers offering NFV and SDN to clients.
- The SDN solutions separated the data plane from the control plane, allowing for a programmable and software-driven network. Despite the strong technological reasons for implementing SDN solutions, opposition from the networking industry could hinder the adoption of SDN. Succeeding in this digital landscape is crucial for industrial success.
Telecom Cloud Market Report Segmentation Analysis
Key segments that contributed to the derivation of the telecom cloud market analysis are component, service model, organization size, and industry vertical.
- Based on components, the market is bifurcated into software and services. The software segment held a significant market share in 2023.
- Based on the service model, the market is segmented into infrastructure-as-a-service, software-as-a-service, platform-as-a-service, and others. The infrastructure-as-a-service segment held a significant market share in 2023.
- In terms of organization size, the market is segmented into SMEs and large Enterprises. The large enterprises segment held a substantial share of the market in 2023.
- Based on industry vertical, the market is segmented into BFSI, retail and consumer goods, healthcare, energy and utilities, transportation and logistics, IT and telecom, media and entertainment, and others. The BFSI segment held a significant market share in 2023.
Telecom Cloud Market Share Analysis by Geography
The geographic scope of the telecom cloud market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
- The telecom cloud market in North America has seen significant growth, driven by technological advancements, shifting consumer preferences, and strong economic expansion, positioning the region as a leader in the global telecom cloud market.
- Additionally, companies in the US place a high value on digitalization. They are often considered early adopters of next-generation technology such as the Internet of Things, big data analytics, intelligent systems, connected businesses, AR, ML, and VR, as well as the most recent telecommunication technologies, including 4G, 5G, and LTE.
Telecom Cloud Market Report Scope
Telecom Cloud Market News and Recent Developments
The telecom cloud 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 telecom cloud market are listed below:
- Ericsson has announced an expansion of its successful and long-standing partnership with Google Cloud to develop an Ericsson Cloud RAN solution on Google Distributed Cloud (GDC) that offers integrated automation and orchestration and leverages AI/ML for additional communications service providers (CSP) benefits.
(Source: Ericsson, Company Website, September 2023)
- Cloud Software Group Inc. and Microsoft Corp. announced their collaboration through an eight-year strategic partnership agreement. The agreement will strengthen the go-to-market collaboration for the Citrix® virtual application and desktop platform and support the development of new cloud and AI solutions with an integrated product roadmap. Additionally, Cloud Software Group will make a $1.65 billion commitment to the Microsoft cloud and its generative AI capabilities.
(Source: Microsoft, Company Website, April 2024)
Telecom Cloud Market Report Coverage and Deliverables
The “Telecom Cloud Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Telecom cloud market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Telecom cloud market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Telecom cloud 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 telecom cloud 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 global telecom cloud market is estimated to register a CAGR of 22.4% during the forecast period 2023–2031.
The increase in demand for high-speed data is driving market growth.
The growing demand for cloud-based solutions and the adoption of advanced technology is a key trend in the market.
AT&T, Inc., BT Group PLC, CenturyLink, Fusion Telecommunications International, Inc., NTT Communications Corporation, Orange Business Services, Telefonaktiebolaget LM Ericsson, Telekom Deutschland GmbH, Telus Corporation are key players operating in the market.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on the request are additional 3–5 company profiles and a 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 Telecom Cloud Market - By Component
1.3.2 Telecom Cloud Market - By Service Model
1.3.3 Telecom Cloud Market - By Organization Size
1.3.4 Telecom Cloud Market - By Industry Vertical
1.3.5 Telecom Cloud Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TELECOM CLOUD MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3.1 North America - Pest Analysis
4.3.2 Europe - Pest Analysis
4.3.3 Asia-Pacific - Pest Analysis
4.3.4 Middle East and Africa - Pest Analysis
4.3.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
5. TELECOM CLOUD 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. TELECOM CLOUD MARKET - GLOBAL MARKET ANALYSIS
6.1. TELECOM CLOUD - GLOBAL MARKET OVERVIEW
6.2. TELECOM CLOUD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TELECOM CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. TELECOM CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE MODEL
8.1. OVERVIEW
8.2. SERVICE MODEL MARKET FORECASTS AND ANALYSIS
8.3. INFRASTRUCTURE-AS-A-SERVICE
8.3.1. Overview
8.3.2. Infrastructure-as-a-Service Market Forecast and Analysis
8.4. SOFTWARE-AS-A-SERVICE
8.4.1. Overview
8.4.2. Software-as-a-Service Market Forecast and Analysis
8.5. PLATFORM-AS-A-SERVICE
8.5.1. Overview
8.5.2. Platform-as-a-Service Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. TELECOM CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
9.1. OVERVIEW
9.2. ORGANIZATION 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. TELECOM CLOUD MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. RETAIL AND CONSUMER GOODS
10.4.1. Overview
10.4.2. Retail and Consumer Goods Market Forecast and Analysis
10.5. HEALTHCARE
10.5.1. Overview
10.5.2. Healthcare Market Forecast and Analysis
10.6. ENERGY AND UTILITIES
10.6.1. Overview
10.6.2. Energy and Utilities Market Forecast and Analysis
10.7. TRANSPORTATION AND LOGISTICS
10.7.1. Overview
10.7.2. Transportation and Logistics Market Forecast and Analysis
10.8. IT AND TELECOM
10.8.1. Overview
10.8.2. IT and Telecom Market Forecast and Analysis
10.9. MEDIA AND ENTERTAINMENT
10.9.1. Overview
10.9.2. Media and Entertainment Market Forecast and Analysis
10.10. OTHERS
10.10.1. Overview
10.10.2. Others Market Forecast and Analysis
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11. TELECOM CLOUD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Telecom Cloud Market Overview
11.1.2 North America Telecom Cloud Market Forecasts and Analysis
11.1.3 North America Market Forecasts and Analysis - By Component
11.1.4 North America Market Forecasts and Analysis - By Service Model
11.1.5 North America Market Forecasts and Analysis - By Organization Size
11.1.6 North America Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Market Forecasts and Analysis - By Countries
11.1.7.1 United States Market
11.1.7.1.1 United States Market by Component
11.1.7.1.2 United States Market by Service Model
11.1.7.1.3 United States Market by Organization Size
11.1.7.1.4 United States Market by Industry Vertical
11.1.7.2 Canada Market
11.1.7.2.1 Canada Market by Component
11.1.7.2.2 Canada Market by Service Model
11.1.7.2.3 Canada Market by Organization Size
11.1.7.2.4 Canada Market by Industry Vertical
11.1.7.3 Mexico Market
11.1.7.3.1 Mexico Market by Component
11.1.7.3.2 Mexico Market by Service Model
11.1.7.3.3 Mexico Market by Organization Size
11.1.7.3.4 Mexico Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Telecom Cloud Market Overview
11.2.2 Europe Telecom Cloud Market Forecasts and Analysis
11.2.3 Europe Market Forecasts and Analysis - By Component
11.2.4 Europe Market Forecasts and Analysis - By Service Model
11.2.5 Europe Market Forecasts and Analysis - By Organization Size
11.2.6 Europe Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Market
11.2.7.1.1 Germany Market by Component
11.2.7.1.2 Germany Market by Service Model
11.2.7.1.3 Germany Market by Organization Size
11.2.7.1.4 Germany Market by Industry Vertical
11.2.7.2 France Market
11.2.7.2.1 France Market by Component
11.2.7.2.2 France Market by Service Model
11.2.7.2.3 France Market by Organization Size
11.2.7.2.4 France Market by Industry Vertical
11.2.7.3 Italy Market
11.2.7.3.1 Italy Market by Component
11.2.7.3.2 Italy Market by Service Model
11.2.7.3.3 Italy Market by Organization Size
11.2.7.3.4 Italy Market by Industry Vertical
11.2.7.4 United Kingdom Market
11.2.7.4.1 United Kingdom Market by Component
11.2.7.4.2 United Kingdom Market by Service Model
11.2.7.4.3 United Kingdom Market by Organization Size
11.2.7.4.4 United Kingdom Market by Industry Vertical
11.2.7.5 Russia Market
11.2.7.5.1 Russia Market by Component
11.2.7.5.2 Russia Market by Service Model
11.2.7.5.3 Russia Market by Organization Size
11.2.7.5.4 Russia Market by Industry Vertical
11.2.7.6 Rest of Europe Market
11.2.7.6.1 Rest of Europe Market by Component
11.2.7.6.2 Rest of Europe Market by Service Model
11.2.7.6.3 Rest of Europe Market by Organization Size
11.2.7.6.4 Rest of Europe Market by Industry Vertical
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11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Telecom Cloud Market Overview
11.3.2 Asia-Pacific Telecom Cloud Market Forecasts and Analysis
11.3.3 Asia-Pacific Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Market Forecasts and Analysis - By Service Model
11.3.5 Asia-Pacific Market Forecasts and Analysis - By Organization Size
11.3.6 Asia-Pacific Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Market
11.3.7.1.1 Australia Market by Component
11.3.7.1.2 Australia Market by Service Model
11.3.7.1.3 Australia Market by Organization Size
11.3.7.1.4 Australia Market by Industry Vertical
11.3.7.2 China Market
11.3.7.2.1 China Market by Component
11.3.7.2.2 China Market by Service Model
11.3.7.2.3 China Market by Organization Size
11.3.7.2.4 China Market by Industry Vertical
11.3.7.3 India Market
11.3.7.3.1 India Market by Component
11.3.7.3.2 India Market by Service Model
11.3.7.3.3 India Market by Organization Size
11.3.7.3.4 India Market by Industry Vertical
11.3.7.4 Japan Market
11.3.7.4.1 Japan Market by Component
11.3.7.4.2 Japan Market by Service Model
11.3.7.4.3 Japan Market by Organization Size
11.3.7.4.4 Japan Market by Industry Vertical
11.3.7.5 South Korea Market
11.3.7.5.1 South Korea Market by Component
11.3.7.5.2 South Korea Market by Service Model
11.3.7.5.3 South Korea Market by Organization Size
11.3.7.5.4 South Korea Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Market
11.3.7.6.1 Rest of Asia-Pacific Market by Component
11.3.7.6.2 Rest of Asia-Pacific Market by Service Model
11.3.7.6.3 Rest of Asia-Pacific Market by Organization Size
11.3.7.6.4 Rest of Asia-Pacific Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Telecom Cloud Market Overview
11.4.2 Middle East and Africa Telecom Cloud Market Forecasts and Analysis
11.4.3 Middle East and Africa Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Market Forecasts and Analysis - By Service Model
11.4.5 Middle East and Africa Market Forecasts and Analysis - By Organization Size
11.4.6 Middle East and Africa Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Market
11.4.7.1.1 South Africa Market by Component
11.4.7.1.2 South Africa Market by Service Model
11.4.7.1.3 South Africa Market by Organization Size
11.4.7.1.4 South Africa Market by Industry Vertical
11.4.7.2 Saudi Arabia Market
11.4.7.2.1 Saudi Arabia Market by Component
11.4.7.2.2 Saudi Arabia Market by Service Model
11.4.7.2.3 Saudi Arabia Market by Organization Size
11.4.7.2.4 Saudi Arabia Market by Industry Vertical
11.4.7.3 U.A.E Market
11.4.7.3.1 U.A.E Market by Component
11.4.7.3.2 U.A.E Market by Service Model
11.4.7.3.3 U.A.E Market by Organization Size
11.4.7.3.4 U.A.E Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Market
11.4.7.4.1 Rest of Middle East and Africa Market by Component
11.4.7.4.2 Rest of Middle East and Africa Market by Service Model
11.4.7.4.3 Rest of Middle East and Africa Market by Organization Size
11.4.7.4.4 Rest of Middle East and Africa Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Telecom Cloud Market Overview
11.5.2 South and Central America Telecom Cloud Market Forecasts and Analysis
11.5.3 South and Central America Market Forecasts and Analysis - By Component
11.5.4 South and Central America Market Forecasts and Analysis - By Service Model
11.5.5 South and Central America Market Forecasts and Analysis - By Organization Size
11.5.6 South and Central America Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Market
11.5.7.1.1 Brazil Market by Component
11.5.7.1.2 Brazil Market by Service Model
11.5.7.1.3 Brazil Market by Organization Size
11.5.7.1.4 Brazil Market by Industry Vertical
11.5.7.2 Argentina Market
11.5.7.2.1 Argentina Market by Component
11.5.7.2.2 Argentina Market by Service Model
11.5.7.2.3 Argentina Market by Organization Size
11.5.7.2.4 Argentina Market by Industry Vertical
11.5.7.3 Rest of South and Central America Market
11.5.7.3.1 Rest of South and Central America Market by Component
11.5.7.3.2 Rest of South and Central America Market by Service Model
11.5.7.3.3 Rest of South and Central America Market by Organization Size
11.5.7.3.4 Rest of South and Central America Market by Industry Vertical
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. TELECOM CLOUD MARKET, KEY COMPANY PROFILES
13.1. AT&T, INC.
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. BT GROUP PLC
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. CENTURYLINK
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. FUSION TELECOMMUNICATIONS INTERNATIONAL, INC.
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. NTT COMMUNICATIONS CORPORATION
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. ORANGE BUSINESS SERVICES
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. TELEFONAKTIEBOLAGET LM ERICSSON
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. TELEKOM DEUTSCHLAND GMBH
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. TELUS CORPORATION
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. TELSTRA CORPORATION LIMITED
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
The List of Companies
1. AT&T, Inc.
2. BT Group PLC
3. CenturyLink
4. Fusion Telecommunications International, Inc.
5. NTT Communications Corporation
6. Orange Business Services
7. Telefonaktiebolaget LM Ericsson
8. Telekom Deutschland GmbH
9. Telus Corporation
10. Telstra Corporation Limited
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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