The Operational Technology Market is expected to register a CAGR of 6.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Operational Technology Market report covers analysis by Component, Networking Technology, and End-User.The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Operational Technology Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Operational Technology Market Segmentation
Component- Field Devices
- Control System
- Services
- Wired Technology
- Wireless Technology
- Food and Beverages
- Energy and Power
- Oil and Gas
- Automotive
- Healthcare
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Operational Technology Market Growth Drivers- Increased industrial automation demand: Operational Technology Market size is on the rise as demand increases for industrial automation primarily among manufacturing, energy, and logistics sectors. Since it can automate processes, there would be increased efficiency and productivity. Reports suggest competitiveness and streamlined operations should propel OT adoption further through all geographies. Industry 4.0's adoption in digitalization with further regulations support PEST analysis further enhances the Operational Technology Market growth in its adoption of OT solutions in becoming competitive in the international marketplace.
- Need for OT cybersecurity solutions: The fact that there are growing attacks against industrial systems means a heightened need for OT-related cybersecurity in the operational technology market. Analysis of markets indicates investment in critical infrastructural protection against cyberattacks across various industries. This analysis supports the competitive analysis wherein ICS has become highly sought after in the era where OT systems get connected via IoT as well as cloud technology. Therefore, the driver does support Operational Technology Market trends in this aspect, market expansion can be done on a worldwide scale because of solutions offering OT and integrated cyber-security capabilities.
- Investment in smart city initiatives: Rapid investment in smart infrastructure and smart city initiatives is gaining momentum in the global Operational Technology Market for operational technology as they depend on OT for real-time monitoring, control, and analytics. Market trends reveal the necessity of resource optimization and energy efficiency in urban settings through operational technology. Government support for smart city projects is evident through PEST analysis, where it promotes market growth by enabling OT solutions to provide seamless integration across urban services, positioning OT at the heart of future city planning.
- IT and OT integration trend: One of the most dominant trends in the OT market is the integration of information technology and operational technology, which enables unified data management and real-time insights. The market dynamics indicate that integration of IT and OT is the way forward to optimize industrial operations and enhance decision-making. SWOT analysis indicates that key players are aligning their market strategies to support this convergence, which is driving demand for interoperable systems and creating an efficient, data-driven industrial landscape, thus propelling growth in the market forecast.
- Growth of edge computing in OT: This new integration of edge computing in operational technology is reshaping market dynamics and enabling data processing closer to the source in real time. Industries are looking at this as a way to reduce latency and enhance operational efficiency, and the trend is getting more momentum. The leading Operational Technology Market players are designing their strategies around market positioning in the edge-enabled OT solutions area, which provides access and speed to data. Strong growth is anticipated in the market in this area because industries realize the value of distributed computation within their OT environments.
- Popularity of predictive maintenance: Predictive maintenance has recently been gaining increasing popularity in the OT market to ensure reduced downtime and decreased costs through maintenance by monitoring them in real time. Most recent market strategies are likely to feature AI- and machine learning-based predictive maintenance solutions for increasing the reliability of equipment. A SWOT analysis for the company also implies investing in predictive analytics for OT as well as supporting market dynamics by the strategy to prolong the longevity of the asset and therefore support the Operational Technology Market forecast with its prediction. With an increased adaptation of predictive maintenance by industries across industrial sectors, organizations have adapted and would likely have predicted such results in advance.
- North America's OT market growth: North America remains a major growth opportunity in the OT market, with manufacturing being at its core due to the efficiency and precision requirements. From Operational Technology Market overview, manufacturers in this geography are spending on OT solutions that create streamlined operations and productivity improvement. Its advanced industrial base, and support for regulatory measures toward automation, further strengthen its Operational Technology Market share. North America's focus on technological advancement makes it a promising geography for OT adoption, hence growth in operational technologies.
- Asia-Pacific's expanding OT adoption: Asia-Pacific is considered a significant growth area for OT since infrastructure development and industrialization are significant in the region. More market share is also growing in the region with the acceptance of advanced OT in smart infrastructure, energy management, and urban planning by nations. The industry landscape analysis shows that in emerging markets such as India and Southeast Asia, smart city initiatives and industrial sector digital transformation are what drive the adoption of OT. Therefore, this is an opportunity that places the Asia-Pacific region as the key geography for the OT market expansion.
- Renewable energy OT opportunities: The renewable energy industry has a great potential opportunity for OT applications due to the increased interest in the management of sustainable energy resources and their optimization. The market overview insights of this industry show that there is a need for high-tech OT solutions for the renewable energy industry to monitor and control the generation and distribution of power. High demand is going to be seen for OT in renewable energy management, especially in geographies such as Europe and North America that are highly invested in renewable projects, thus becoming an opportunity for players in this industry who are focused on sustainable technologies.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Operational Technology Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Operational Technology Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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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.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key companies of this market are: ABB, Emerson Electric Co., General Electric, Hewlett Packard Enterprise Development LP, Honeywell International Inc., IBM, NextNine Ltd., Siemens AG, Wipro Limited, Yokogawa Electric Corporation.
Key future trends in this market are - Rise in industrial automation, Increased adoption of IoT devices, Growth in smart manufacturing
The Operational Technology Market is expected to register a CAGR of 6.4% from 2023-2031.
The major factors impacting the Operational Technology Market are: Increasing Demand for Industrial Automation, Growth in Cybersecurity for Industrial Control Systems (ICS), and Expansion of Smart Infrastructure and Smart Cities
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Operational Technology Market - By Component
1.3.2Operational Technology Market - By Networking Technology
1.3.3Operational Technology Market - By End-User
1.3.4Operational Technology Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.OPERATIONAL TECHNOLOGY MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.OPERATIONAL TECHNOLOGY 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.OPERATIONAL TECHNOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1.OPERATIONAL TECHNOLOGY - GLOBAL MARKET OVERVIEW
6.2.OPERATIONAL TECHNOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.OPERATIONAL TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 " COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.FIELD DEVICES
7.3.1.Overview
7.3.2.Field Devices Market Forecast and Analysis
7.3.3.Valves Market
7.3.3.1.Overview
7.3.3.2.Valves Market Forecast and Analysis
7.3.4.Actuators Market
7.3.4.1.Overview
7.3.4.2.Actuators Market Forecast and Analysis
7.3.5.Transmitters Market
7.3.5.1.Overview
7.3.5.2.Transmitters Market Forecast and Analysis
7.3.6.Switches Market
7.3.6.1.Overview
7.3.6.2.Switches Market Forecast and Analysis
7.4.CONTROL SYSTEM
7.4.1.Overview
7.4.2.Control System Market Forecast and Analysis
7.4.3.SCADA Systems Market
7.4.3.1.Overview
7.4.3.2.SCADA Systems Market Forecast and Analysis
7.4.4.DCS Market
7.4.4.1.Overview
7.4.4.2.DCS Market Forecast and Analysis
7.4.5.PLC Market
7.4.5.1.Overview
7.4.5.2.PLC Market Forecast and Analysis
7.4.6.PLM Systems Market
7.4.6.1.Overview
7.4.6.2.PLM Systems Market Forecast and Analysis
7.4.7.MES Market
7.4.7.1.Overview
7.4.7.2.MES Market Forecast and Analysis
7.4.8.Safety Automation Systems Market
7.4.8.1.Overview
7.4.8.2.Safety Automation Systems Market Forecast and Analysis
7.5.SERVICES
7.5.1.Overview
7.5.2.Services Market Forecast and Analysis
7.5.3.OEM Services Market
7.5.3.1.Overview
7.5.3.2.OEM Services Market Forecast and Analysis
7.5.4.Remote Diagnostics and Maintenance Services Market
7.5.4.1.Overview
7.5.4.2.Remote Diagnostics and Maintenance Services Market Forecast and Analysis
7.5.5.Predictive Maintenance Services Market
7.5.5.1.Overview
7.5.5.2.Predictive Maintenance Services Market Forecast and Analysis
8.OPERATIONAL TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 " NETWORKING TECHNOLOGY
8.1.OVERVIEW
8.2.NETWORKING TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3.WIRED TECHNOLOGY
8.3.1.Overview
8.3.2.Wired Technology Market Forecast and Analysis
8.3.3.Ethernet Market
8.3.3.1.Overview
8.3.3.2.Ethernet Market Forecast and Analysis
8.3.4.Modbus Market
8.3.4.1.Overview
8.3.4.2.Modbus Market Forecast and Analysis
8.3.5.Profinet Market
8.3.5.1.Overview
8.3.5.2.Profinet Market Forecast and Analysis
8.3.6.Others Market
8.3.6.1.Overview
8.3.6.2.Others Market Forecast and Analysis
8.4.WIRELESS TECHNOLOGY
8.4.1.Overview
8.4.2.Wireless Technology Market Forecast and Analysis
8.4.3.Wi-Fi Market
8.4.3.1.Overview
8.4.3.2.Wi-Fi Market Forecast and Analysis
8.4.4.ZigBee Market
8.4.4.1.Overview
8.4.4.2.ZigBee Market Forecast and Analysis
8.4.5.Bluetooth Market
8.4.5.1.Overview
8.4.5.2.Bluetooth Market Forecast and Analysis
8.4.6.Others Market
8.4.6.1.Overview
8.4.6.2.Others Market Forecast and Analysis
9.OPERATIONAL TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 " END-USER
9.1.OVERVIEW
9.2.END-USER MARKET FORECASTS AND ANALYSIS
9.3.FOOD AND BEVERAGES
9.3.1.Overview
9.3.2.Food and Beverages Market Forecast and Analysis
9.4.ENERGY AND POWER
9.4.1.Overview
9.4.2.Energy and Power Market Forecast and Analysis
9.5.OIL AND GAS
9.5.1.Overview
9.5.2.Oil and Gas Market Forecast and Analysis
9.6.AUTOMOTIVE
9.6.1.Overview
9.6.2.Automotive Market Forecast and Analysis
9.7.HEALTHCARE
9.7.1.Overview
9.7.2.Healthcare Market Forecast and Analysis
9.8.OTHERS
9.8.1.Overview
9.8.2.Others Market Forecast and Analysis
10.OPERATIONAL TECHNOLOGY MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Operational Technology Market Overview
10.1.2North America Operational Technology Market Forecasts and Analysis
10.1.3North America Operational Technology Market Forecasts and Analysis - By Component
10.1.4North America Operational Technology Market Forecasts and Analysis - By Networking Technology
10.1.5North America Operational Technology Market Forecasts and Analysis - By End-User
10.1.6North America Operational Technology Market Forecasts and Analysis - By Countries
10.1.6.1United States Operational Technology Market
10.1.6.1.1United States Operational Technology Market by Component
10.1.6.1.2United States Operational Technology Market by Networking Technology
10.1.6.1.3United States Operational Technology Market by End-User
10.1.6.2Canada Operational Technology Market
10.1.6.2.1Canada Operational Technology Market by Component
10.1.6.2.2Canada Operational Technology Market by Networking Technology
10.1.6.2.3Canada Operational Technology Market by End-User
10.1.6.3Mexico Operational Technology Market
10.1.6.3.1Mexico Operational Technology Market by Component
10.1.6.3.2Mexico Operational Technology Market by Networking Technology
10.1.6.3.3Mexico Operational Technology Market by End-User
10.2.EUROPE
10.2.1Europe Operational Technology Market Overview
10.2.2Europe Operational Technology Market Forecasts and Analysis
10.2.3Europe Operational Technology Market Forecasts and Analysis - By Component
10.2.4Europe Operational Technology Market Forecasts and Analysis - By Networking Technology
10.2.5Europe Operational Technology Market Forecasts and Analysis - By End-User
10.2.6Europe Operational Technology Market Forecasts and Analysis - By Countries
10.2.6.1Germany Operational Technology Market
10.2.6.1.1Germany Operational Technology Market by Component
10.2.6.1.2Germany Operational Technology Market by Networking Technology
10.2.6.1.3Germany Operational Technology Market by End-User
10.2.6.2France Operational Technology Market
10.2.6.2.1France Operational Technology Market by Component
10.2.6.2.2France Operational Technology Market by Networking Technology
10.2.6.2.3France Operational Technology Market by End-User
10.2.6.3Italy Operational Technology Market
10.2.6.3.1Italy Operational Technology Market by Component
10.2.6.3.2Italy Operational Technology Market by Networking Technology
10.2.6.3.3Italy Operational Technology Market by End-User
10.2.6.4United Kingdom Operational Technology Market
10.2.6.4.1United Kingdom Operational Technology Market by Component
10.2.6.4.2United Kingdom Operational Technology Market by Networking Technology
10.2.6.4.3United Kingdom Operational Technology Market by End-User
10.2.6.5Russia Operational Technology Market
10.2.6.5.1Russia Operational Technology Market by Component
10.2.6.5.2Russia Operational Technology Market by Networking Technology
10.2.6.5.3Russia Operational Technology Market by End-User
10.2.6.6Rest of Europe Operational Technology Market
10.2.6.6.1Rest of Europe Operational Technology Market by Component
10.2.6.6.2Rest of Europe Operational Technology Market by Networking Technology
10.2.6.6.3Rest of Europe Operational Technology Market by End-User
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Operational Technology Market Overview
10.3.2Asia-Pacific Operational Technology Market Forecasts and Analysis
10.3.3Asia-Pacific Operational Technology Market Forecasts and Analysis - By Component
10.3.4Asia-Pacific Operational Technology Market Forecasts and Analysis - By Networking Technology
10.3.5Asia-Pacific Operational Technology Market Forecasts and Analysis - By End-User
10.3.6Asia-Pacific Operational Technology Market Forecasts and Analysis - By Countries
10.3.6.1Australia Operational Technology Market
10.3.6.1.1Australia Operational Technology Market by Component
10.3.6.1.2Australia Operational Technology Market by Networking Technology
10.3.6.1.3Australia Operational Technology Market by End-User
10.3.6.2China Operational Technology Market
10.3.6.2.1China Operational Technology Market by Component
10.3.6.2.2China Operational Technology Market by Networking Technology
10.3.6.2.3China Operational Technology Market by End-User
10.3.6.3India Operational Technology Market
10.3.6.3.1India Operational Technology Market by Component
10.3.6.3.2India Operational Technology Market by Networking Technology
10.3.6.3.3India Operational Technology Market by End-User
10.3.6.4Japan Operational Technology Market
10.3.6.4.1Japan Operational Technology Market by Component
10.3.6.4.2Japan Operational Technology Market by Networking Technology
10.3.6.4.3Japan Operational Technology Market by End-User
10.3.6.5South Korea Operational Technology Market
10.3.6.5.1South Korea Operational Technology Market by Component
10.3.6.5.2South Korea Operational Technology Market by Networking Technology
10.3.6.5.3South Korea Operational Technology Market by End-User
10.3.6.6Rest of Asia-Pacific Operational Technology Market
10.3.6.6.1Rest of Asia-Pacific Operational Technology Market by Component
10.3.6.6.2Rest of Asia-Pacific Operational Technology Market by Networking Technology
10.3.6.6.3Rest of Asia-Pacific Operational Technology Market by End-User
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Operational Technology Market Overview
10.4.2Middle East and Africa Operational Technology Market Forecasts and Analysis
10.4.3Middle East and Africa Operational Technology Market Forecasts and Analysis - By Component
10.4.4Middle East and Africa Operational Technology Market Forecasts and Analysis - By Networking Technology
10.4.5Middle East and Africa Operational Technology Market Forecasts and Analysis - By End-User
10.4.6Middle East and Africa Operational Technology Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Operational Technology Market
10.4.6.1.1South Africa Operational Technology Market by Component
10.4.6.1.2South Africa Operational Technology Market by Networking Technology
10.4.6.1.3South Africa Operational Technology Market by End-User
10.4.6.2Saudi Arabia Operational Technology Market
10.4.6.2.1Saudi Arabia Operational Technology Market by Component
10.4.6.2.2Saudi Arabia Operational Technology Market by Networking Technology
10.4.6.2.3Saudi Arabia Operational Technology Market by End-User
10.4.6.3U.A.E Operational Technology Market
10.4.6.3.1U.A.E Operational Technology Market by Component
10.4.6.3.2U.A.E Operational Technology Market by Networking Technology
10.4.6.3.3U.A.E Operational Technology Market by End-User
10.4.6.4Rest of Middle East and Africa Operational Technology Market
10.4.6.4.1Rest of Middle East and Africa Operational Technology Market by Component
10.4.6.4.2Rest of Middle East and Africa Operational Technology Market by Networking Technology
10.4.6.4.3Rest of Middle East and Africa Operational Technology Market by End-User
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Operational Technology Market Overview
10.5.2South and Central America Operational Technology Market Forecasts and Analysis
10.5.3South and Central America Operational Technology Market Forecasts and Analysis - By Component
10.5.4South and Central America Operational Technology Market Forecasts and Analysis - By Networking Technology
10.5.5South and Central America Operational Technology Market Forecasts and Analysis - By End-User
10.5.6South and Central America Operational Technology Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Operational Technology Market
10.5.6.1.1Brazil Operational Technology Market by Component
10.5.6.1.2Brazil Operational Technology Market by Networking Technology
10.5.6.1.3Brazil Operational Technology Market by End-User
10.5.6.2Argentina Operational Technology Market
10.5.6.2.1Argentina Operational Technology Market by Component
10.5.6.2.2Argentina Operational Technology Market by Networking Technology
10.5.6.2.3Argentina Operational Technology Market by End-User
10.5.6.3Rest of South and Central America Operational Technology Market
10.5.6.3.1Rest of South and Central America Operational Technology Market by Component
10.5.6.3.2Rest of South and Central America Operational Technology Market by Networking Technology
10.5.6.3.3Rest of South and Central America Operational Technology Market by End-User
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.OPERATIONAL TECHNOLOGY MARKET, KEY COMPANY PROFILES
12.1.ABB
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.EMERSON ELECTRIC CO.
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.GENERAL ELECTRIC
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.HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
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.HONEYWELL INTERNATIONAL 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.IBM
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.NEXTNINE 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.SIEMENS AG
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.WIPRO LIMITED
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.YOKOGAWA ELECTRIC CORPORATION
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. ABB
2. Emerson Electric Co.
3. General Electric
4. Hewlett Packard Enterprise Development LP
5. Honeywell International Inc.
6. IBM
7. NextNine Ltd.
8. Siemens AG
9. Wipro Limited
10. Yokogawa Electric Corporation
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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