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Global Cloud Security Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 10/11/2022
  • NO OF PAGES
  • 219
  • CATEGORY
  • Information Technology

Market Overview:

The global cloud security market size was valued at USD 31.5 billion in 2022, and it is expected to reach USD 88.5 billion by 2032, with a CAGR of 14.7% from 2022 to 2032.

Cloud security refers to the set of policies, technologies, and procedures designed to protect data, applications, and infrastructure hosted in the cloud. Cloud security solutions are specifically tailored to address the unique security challenges associated with cloud computing, such as data breaches, unauthorized access, and distributed denial-of-service (DDoS) attacks. The cloud security market has been growing rapidly in recent years as more organizations are adopting cloud computing technologies to achieve operational efficiencies, scalability, and cost savings.

The adoption of cloud security solutions is increasing rapidly as more organizations are moving their workloads to the cloud. Cloud security solutions are becoming essential for organizations that want to secure their cloud environments and protect their sensitive data from cyber threats. The adoption of cloud security solutions can be categorized into two types: Public Cloud Security: Public cloud providers, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), offer native security tools and services to their customers. These services include network security, identity and access management (IAM), encryption, and monitoring. Organizations can adopt these public cloud security solutions to secure their cloud workloads. Third-party Cloud Security: Third-party cloud security providers offer additional security solutions on top of the native security tools provided by public cloud providers. These solutions include cloud access security brokers (CASB), cloud workload protection platforms (CWPP), and cloud security posture management (CSPM) tools. Organizations can adopt these third-party cloud security solutions to enhance their cloud security posture.

The cloud security market is growing rapidly, and it is expected to continue to do so in the coming years. The benefits of cloud security solutions include scalability, cost savings, flexibility, centralized management, and improved compliance. The adoption of cloud security solutions can be achieved through public cloud security and third-party cloud security solutions, depending on the specific needs and requirements of an organization.

 

The increasing adoption of cloud computing and the growing need for data security and compliance are the key driving factors for the cloud security market.

The increasing adoption of cloud computing technologies by organizations is a major driving factor for the cloud security market. Cloud computing offers numerous benefits such as cost savings, scalability, and flexibility, which are driving more organizations to migrate their workloads to the cloud. However, this increased adoption of cloud computing also creates new security challenges and risks, such as unauthorized access, data breaches, and DDoS attacks, which must be addressed through cloud security solutions. Additionally, the growing need for data security and compliance is also driving the cloud security market. Organizations are facing increasing pressure to protect their sensitive data and comply with industry-specific regulations and standards, such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA). Cloud security solutions offer robust security controls and features to ensure compliance with these regulations and standards, which are becoming increasingly important for organizations to maintain trust with their customers and partners.

Moreover, the COVID-19 pandemic has also accelerated the adoption of cloud computing and cloud security solutions as more organizations have had to transition to remote work and cloud-based operations. This has further increased the demand for cloud security solutions to protect remote workers and secure cloud-based infrastructure and application. The increasing adoption of cloud computing, the growing need for data security and compliance, and the COVID-19 pandemic are the key driving factors for the cloud security market. The market is expected to continue to grow in the future as more organizations recognize the importance of securing their cloud environments and protecting their sensitive data from cyber threats.

Segmentation:

By Type

·         Cloud Identity and Access Management

·         Data Loss Prevention

·         Email & Web Security

·         Cloud Database Security

·         Network Security

·         Cloud Encryption

By Deployment

·         Public

·         Private

·         Hybrid

By Vertical

·         Healthcare

·         BFSI

·         IT & Telecom

·         Government Agencies

·         Retail

·         Others


Geography:

The cloud security market is a global market with a significant presence in various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). However, North America has been the dominant region in the cloud security market due to the presence of major cloud service providers and high-tech companies, such as Amazon Web Services (AWS), Microsoft, and Google, which are headquartered in the region. North America is expected to continue to dominate the cloud security market due to the high adoption rate of cloud-based services and the increasing number of cyber threats in the region. However, the Asia Pacific region is expected to witness the highest growth rate in the cloud security market due to the increasing adoption of cloud computing technologies and the growing need for data security and compliance in the region. The region has a large number of small and medium-sized enterprises (SMEs) that are rapidly adopting cloud-based solutions to improve their business operations, which is expected to drive the growth of the cloud security market in the region. In conclusion, while North America currently dominates the cloud security market, the Asia Pacific region is expected to witness significant growth in the coming years, driven by the increasing adoption of cloud computing technologies and the growing need for data security and compliance in the region.

Impact of COVID-19 on the global Cloud Security Market:

The COVID-19 pandemic has had a significant impact on the cloud security market. With the sudden shift to remote work and online operations, organizations have had to rely more heavily on cloud-based services and applications to support their business operations. This increased reliance on the cloud has also created new security challenges and risks, which have driven the demand for cloud security solutions. The pandemic has also led to a surge in cyber-attacks and security breaches, as hackers have taken advantage of the chaos and confusion caused by the pandemic. This has further increased the demand for cloud security solutions to protect against these cyber threats and ensure the security of remote workers and cloud-based infrastructure.

 

Impact of the Russia-Ukraine War on the global Cloud Security Market:

The ongoing conflict between Russia and Ukraine can potentially have an impact on cloud security, particularly in terms of data privacy and security risks. As the conflict continues, there is a risk that cyber-attacks could increase, including attacks against cloud service providers and their customers. This could result in data breaches, data loss, and other security incidents that could impact the confidentiality, integrity, and availability of data stored in the cloud. The conflict could also lead to increased geopolitical tensions and concerns about data privacy and security, particularly if there are concerns about the involvement of state-sponsored actors in cyber-attacks or data breaches. This could lead to increased scrutiny of cloud service providers and their security practices, and potentially impact the adoption of cloud-based solutions by organizations that are concerned about the risks of data breaches and cyber-attacks.

Company Profiles:

·         Amazon Web Services (AWS)

·         Microsoft Azure

·         Google Cloud Platform (GCP)

·         IBM Cloud

·         Cisco Cloud Security

·         Palo Alto Networks

·         McAfee Cloud Security

·         Symantec Cloud Security

·         Akamai Cloud Security

·         Check Point Cloud Security

·         Trend Micro Cloud Security

·         Fortinet Cloud Security

·         Zscaler Cloud Security

·         Cloudflare

·         Netskope Cloud Security


Global Cloud Security Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Cloud Security market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Global Cloud Security Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

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Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Cloud Security Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Cloud Security
1.3 Cloud Security Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Cloud Security
1.4.2 Applications of Cloud Security
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Zscaler Market Performance Analysis
3.1.1 Zscaler Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Zscaler Sales, Value, Price, Gross Margin 2016-2021
3.2 IBM Market Performance Analysis
3.2.1 IBM Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 IBM Sales, Value, Price, Gross Margin 2016-2021
3.3 Checkpoint Market Performance Analysis
3.3.1 Checkpoint Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Checkpoint Sales, Value, Price, Gross Margin 2016-2021
3.4 McAfee Market Performance Analysis
3.4.1 McAfee Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 McAfee Sales, Value, Price, Gross Margin 2016-2021
3.5 Qualys Market Performance Analysis
3.5.1 Qualys Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Qualys Sales, Value, Price, Gross Margin 2016-2021
3.6 Sophos Market Performance Analysis
3.6.1 Sophos Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Sophos Sales, Value, Price, Gross Margin 2016-2021
3.7 FireEye Market Performance Analysis
3.7.1 FireEye Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 FireEye Sales, Value, Price, Gross Margin 2016-2021
3.8 Aqua Security Market Performance Analysis
3.8.1 Aqua Security Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Aqua Security Sales, Value, Price, Gross Margin 2016-2021
3.9 Illumio Market Performance Analysis
3.9.1 Illumio Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Illumio Sales, Value, Price, Gross Margin 2016-2021
3.10 Amazon Web Services Market Performance Analysis
3.10.1 Amazon Web Services Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Amazon Web Services Sales, Value, Price, Gross Margin 2016-2021
3.11 Microsoft Market Performance Analysis
3.11.1 Microsoft Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Microsoft Sales, Value, Price, Gross Margin 2016-2021
3.12 Proofpoint Market Performance Analysis
3.12.1 Proofpoint Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Proofpoint Sales, Value, Price, Gross Margin 2016-2021
3.13 Palo Alto Networks Market Performance Analysis
3.13.1 Palo Alto Networks Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Palo Alto Networks Sales, Value, Price, Gross Margin 2016-2021
3.14 Cisco Market Performance Analysis
3.14.1 Cisco Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Cisco Sales, Value, Price, Gross Margin 2016-2021
3.15 Avanan Market Performance Analysis
3.15.1 Avanan Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Avanan Sales, Value, Price, Gross Margin 2016-2021
3.16 Foreseeti Market Performance Analysis
3.16.1 Foreseeti Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 Foreseeti Sales, Value, Price, Gross Margin 2016-2021
3.17 CipherCloud Market Performance Analysis
3.17.1 CipherCloud Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 CipherCloud Sales, Value, Price, Gross Margin 2016-2021
3.18 Bitglass Market Performance Analysis
3.18.1 Bitglass Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Bitglass Sales, Value, Price, Gross Margin 2016-2021
3.19 Tenable Market Performance Analysis
3.19.1 Tenable Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Tenable Sales, Value, Price, Gross Margin 2016-2021
3.20 Forcepoint Market Performance Analysis
3.20.1 Forcepoint Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 Forcepoint Sales, Value, Price, Gross Margin 2016-2021
3.21 Cloudflare Market Performance Analysis
3.21.1 Cloudflare Basic Information
3.21.2 Product and Service Analysis
3.21.3 Strategies for Company to Deal with the Impact of COVID-19
3.21.4 Cloudflare Sales, Value, Price, Gross Margin 2016-2021
3.22 Fortinet Market Performance Analysis
3.22.1 Fortinet Basic Information
3.22.2 Product and Service Analysis
3.22.3 Strategies for Company to Deal with the Impact of COVID-19
3.22.4 Fortinet Sales, Value, Price, Gross Margin 2016-2021
3.23 SiteLock Market Performance Analysis
3.23.1 SiteLock Basic Information
3.23.2 Product and Service Analysis
3.23.3 Strategies for Company to Deal with the Impact of COVID-19
3.23.4 SiteLock Sales, Value, Price, Gross Margin 2016-2021
3.24 CloudPassage Market Performance Analysis
3.24.1 CloudPassage Basic Information
3.24.2 Product and Service Analysis
3.24.3 Strategies for Company to Deal with the Impact of COVID-19
3.24.4 CloudPassage Sales, Value, Price, Gross Margin 2016-2021
3.25 Trend Micro Market Performance Analysis
3.25.1 Trend Micro Basic Information
3.25.2 Product and Service Analysis
3.25.3 Strategies for Company to Deal with the Impact of COVID-19
3.25.4 Trend Micro Sales, Value, Price, Gross Margin 2016-2021
3.26 Broadcom Market Performance Analysis
3.26.1 Broadcom Basic Information
3.26.2 Product and Service Analysis
3.26.3 Strategies for Company to Deal with the Impact of COVID-19
3.26.4 Broadcom Sales, Value, Price, Gross Margin 2016-2021
3.27 Imperva Market Performance Analysis
3.27.1 Imperva Basic Information
3.27.2 Product and Service Analysis
3.27.3 Strategies for Company to Deal with the Impact of COVID-19
3.27.4 Imperva Sales, Value, Price, Gross Margin 2016-2021
3.28 vArmour Market Performance Analysis
3.28.1 vArmour Basic Information
3.28.2 Product and Service Analysis
3.28.3 Strategies for Company to Deal with the Impact of COVID-19
3.28.4 vArmour Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Cloud Security Production and Value by Type
4.1.1 Global Cloud Security Production by Type 2016-2021
4.1.2 Global Cloud Security Market Value by Type 2016-2021
4.2 Global Cloud Security Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 IaaS Market Production, Value and Growth Rate
4.2.2 PaaS Market Production, Value and Growth Rate
4.2.3 SaaS Market Production, Value and Growth Rate
4.3 Global Cloud Security Production and Value Forecast by Type
4.3.1 Global Cloud Security Production Forecast by Type 2022-2030
4.3.2 Global Cloud Security Market Value Forecast by Type 2022-2030
4.4 Global Cloud Security Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 IaaS Market Production, Value and Growth Rate Forecast
4.4.2 PaaS Market Production, Value and Growth Rate Forecast
4.4.3 SaaS Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Cloud Security Consumption and Value by Application
5.1.1 Global Cloud Security Consumption by Application 2016-2021
5.1.2 Global Cloud Security Market Value by Application 2016-2021
5.2 Global Cloud Security Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Large Enterprises Market Consumption, Value and Growth Rate
5.2.2 SMEs Market Consumption, Value and Growth Rate
5.3 Global Cloud Security Consumption and Value Forecast by Application
5.3.1 Global Cloud Security Consumption Forecast by Application 2022-2030
5.3.2 Global Cloud Security Market Value Forecast by Application 2022-2030
5.4 Global Cloud Security Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Large Enterprises Market Consumption, Value and Growth Rate Forecast
5.4.2 SMEs Market Consumption, Value and Growth Rate Forecast

6 Global Cloud Security by Region, Historical Data and Market Forecasts
6.1 Global Cloud Security Sales by Region 2016-2021
6.2 Global Cloud Security Market Value by Region 2016-2021
6.3 Global Cloud Security Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Cloud Security Sales Forecast by Region 2022-2030
6.5 Global Cloud Security Market Value Forecast by Region 2022-2030
6.6 Global Cloud Security Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Cloud Security Value and Market Growth 2016-2021
7.2 United State Cloud Security Sales and Market Growth 2016-2021
7.3 United State Cloud Security Market Value Forecast 2022-2030

8 Canada Market Size Analysis 2016-2026
8.1 Canada Cloud Security Value and Market Growth 2016-2021
8.2 Canada Cloud Security Sales and Market Growth 2016-2021
8.3 Canada Cloud Security Market Value Forecast 2022-2030

9 Germany Market Size Analysis 2016-2026
9.1 Germany Cloud Security Value and Market Growth 2016-2021
9.2 Germany Cloud Security Sales and Market Growth 2016-2021
9.3 Germany Cloud Security Market Value Forecast 2022-2030

10 UK Market Size Analysis 2016-2026
10.1 UK Cloud Security Value and Market Growth 2016-2021
10.2 UK Cloud Security Sales and Market Growth 2016-2021
10.3 UK Cloud Security Market Value Forecast 2022-2030

11 France Market Size Analysis 2016-2026
11.1 France Cloud Security Value and Market Growth 2016-2021
11.2 France Cloud Security Sales and Market Growth 2016-2021
11.3 France Cloud Security Market Value Forecast 2022-2030

12 Italy Market Size Analysis 2016-2026
12.1 Italy Cloud Security Value and Market Growth 2016-2021
12.2 Italy Cloud Security Sales and Market Growth 2016-2021
12.3 Italy Cloud Security Market Value Forecast 2022-2030

13 Spain Market Size Analysis 2016-2026
13.1 Spain Cloud Security Value and Market Growth 2016-2021
13.2 Spain Cloud Security Sales and Market Growth 2016-2021
13.3 Spain Cloud Security Market Value Forecast 2022-2030

14 Russia Market Size Analysis 2016-2026
14.1 Russia Cloud Security Value and Market Growth 2016-2021
14.2 Russia Cloud Security Sales and Market Growth 2016-2021
14.3 Russia Cloud Security Market Value Forecast 2022-2030

15 China Market Size Analysis 2016-2026
15.1 China Cloud Security Value and Market Growth 2016-2021
15.2 China Cloud Security Sales and Market Growth 2016-2021
15.3 China Cloud Security Market Value Forecast 2022-2030

16 Japan Market Size Analysis 2016-2026
16.1 Japan Cloud Security Value and Market Growth 2016-2021
16.2 Japan Cloud Security Sales and Market Growth 2016-2021
16.3 Japan Cloud Security Market Value Forecast 2022-2030

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Cloud Security Value and Market Growth 2016-2021
17.2 South Korea Cloud Security Sales and Market Growth 2016-2021
17.3 South Korea Cloud Security Market Value Forecast 2022-2030

18 Australia Market Size Analysis 2016-2026
18.1 Australia Cloud Security Value and Market Growth 2016-2021
18.2 Australia Cloud Security Sales and Market Growth 2016-2021
18.3 Australia Cloud Security Market Value Forecast 2022-2030

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Cloud Security Value and Market Growth 2016-2021
19.2 Thailand Cloud Security Sales and Market Growth 2016-2021
19.3 Thailand Cloud Security Market Value Forecast 2022-2030

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Cloud Security Value and Market Growth 2016-2021
20.2 Brazil Cloud Security Sales and Market Growth 2016-2021
20.3 Brazil Cloud Security Market Value Forecast 2022-2030

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Cloud Security Value and Market Growth 2016-2021
21.2 Argentina Cloud Security Sales and Market Growth 2016-2021
21.3 Argentina Cloud Security Market Value Forecast 2022-2030

22 Chile Market Size Analysis 2016-2026
22.1 Chile Cloud Security Value and Market Growth 2016-2021
22.2 Chile Cloud Security Sales and Market Growth 2016-2021
22.3 Chile Cloud Security Market Value Forecast 2022-2030

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Cloud Security Value and Market Growth 2016-2021
23.2 South Africa Cloud Security Sales and Market Growth 2016-2021
23.3 South Africa Cloud Security Market Value Forecast 2022-2030

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Cloud Security Value and Market Growth 2016-2021
24.2 Egypt Cloud Security Sales and Market Growth 2016-2021
24.3 Egypt Cloud Security Market Value Forecast 2022-2030

25 UAE Market Size Analysis 2016-2026
25.1 UAE Cloud Security Value and Market Growth 2016-2021
25.2 UAE Cloud Security Sales and Market Growth 2016-2021
25.3 UAE Cloud Security Market Value Forecast 2022-2030

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Cloud Security Value and Market Growth 2016-2021
26.2 Saudi Arabia Cloud Security Sales and Market Growth 2016-2021
26.3 Saudi Arabia Cloud Security Market Value Forecast 2022-2030

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

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In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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