Secure Sockets Layer Certification Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023

Pages: 160

SKU: IRTNTR44989

Snapshot

The secure sockets layer (SSL) certification market is estimated to grow at a CAGR of 19.4% between 2022 and 2027. The size of the market is forecast to increase by USD 6,116.08 million. The growth of the market depends on several factors, including increasing awareness of end-users, increasing number of data thefts, and need to adhere to regulatory requirements.

This report extensively covers market segmentation by type (domain validation (DV), organization validation (OV), and extended validation (EV)), end-user (large enterprises and smes), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Secure Sockets Layer (SSL) Certification Market During the Forecast Period?

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Secure Sockets Layer (SSL) Certification Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing awareness of end-users is notably driving the market growth, although factors such as the use of self-signed certificates may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Secure Sockets Layer (SSL) Certification Market Driver

Growing awareness about encryption among end-users is notably driving market growth. Google is supporting the growth of the market under discussion by flagging websites that are not secure, i.e., unencrypted sites. Unencrypted sites will be marked in red in the URL over the padlock to warn users that the site is not secure. Encrypted sites are indicated with hypertext transfer protocol (HTTP) in their URL, which basically secures layers over the usual HTTP web protocol. This will help end-users to distinguish between the protected site and unprotected sites before submitting any valuable information, such as credit card information, over the website.

Many organizations are supporting the campaign named Encrypt All The Things to push the use of more encrypted sites, which is helping to spread awareness about abandoning the less secured HTTP protocol and adopting HTTPS. This awareness among end-users about encrypted and unencrypted sites will push organizations to use SSL certification for their sites to ensure the secure transaction of data, which, in turn, will drive the global SSL certification market during the forecast period.

Significant Secure Sockets Layer (SSL) Certification Market Trend

The growing number of online transactions is the key trend in the market. An increase in online transactions has led offline retailers to move toward the e-commerce platform. To perform any transaction on an e-commerce platform, users must share their personal and financial information, such as name, contact number, and credit card details. To secure customer confidential data, it has become mandatory for e-commerce platform providers to use SSL certificates.

Mobile wallets are also gaining traction as users have the flexibility to access their banking anytime and anywhere. Therefore, mobile wallet providers must use SSL certificates for safe transactions and maintain customer confidentiality. This growing acceptance of mobile wallets and e-commerce will help in increasing the growth of the global SSL certification market.

Major Secure Sockets Layer (SSL) Certification Market Challenge

The use of self-signed certificates is the major challenge impeding market growth. Self-signed certificates are the type of SSL certificates that are usually signed by the same entity whose identity it certifies. Many browsers do not support this certificate; hence, they show an error message when any user visits self-signed certificate-verified websites. In that error message, the browser gives an option to the user to go back to the search page or continue with the same website. These certificates are unregulated, so even if the website is compromised, it will appear to the end user as secured.

A self-signed certificate must be used while testing servers. The use of self-signed certificates is likely to affect the revenue of the global SSL certificate market and is challenging for CAs. Such factors are expected to hinder the growth of the market during the forecast period.

Key Secure Sockets Layer (SSL) Certification Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Secure Sockets Layer (SSL) Certification Market Customer Landscape

Who are the Major Secure Sockets Layer (SSL) Certification Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Aruba Spa - The company offer solutions for secure socket layers that ensure that the site is accessible with the secure HTTPS protocol, providing encryption of all data and displaying the padlock symbol in the browser address, under the brand name of Aruba.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Secure Sockets Layer (SSL) Certification Market?

The market share growth of the domain validation segment will be significant during the forecast period. It is an initial level of the certificate, which is basically used by SMEs because it is cost-effective and is easily available with minimum validation. This is the only certificate that is provided by just validating the domain. Due to this, there is high acceptance among end-users like SMEs despite its limitation of minimum security as compared to other certificates.

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The domain validation segment was valued at USD 1,284.56 million in 2017 and continued to grow until 2021. Domain validation (DV) is a cost-effective certificate among the three SSL certificates. This certificate has a minimum level of protection because before issuing this certificate, DV only checks if the applicant has the right to use the domain name. No other validation or verification is done in order to verify the authenticity of the owner of that domain. Due to minimum validation, cybercriminals can also get this type of certificate.

Which are the Key Regions for the Secure Sockets Layer (SSL) Certification Market?

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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The SSL certification market in North America is growing due to the increasing use of IoT and cloud computing technology coupled with flourishing web-based businesses in the BFSI and e-commerce industries. Instances of cyber-attacks have also increased in this region, which is forcing enterprises to adopt SSL certification, thereby driving the SSL certification market to grow in North America. This region has many individuals and home enterprises, among which SSL certification is now gaining traction due to the looming threat of cyberattacks.

The outbreak of COVID-19 propelled the demand for automation services and solutions such as SSL certification in North America. Moreover, organizations across the region are increasingly adopting cloud solutions due to their advantages, such as ease of deployment. A cloud-based SSL certification system enhances the security of the system and reduces the requirement for additional in-house infrastructure. Therefore, the regional market for SSL certification is expected to grow significantly during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Type Outlook (USD Million, 2017 - 2027)
- Domain validation
- Organization validation
- Extended validation

End-user Outlook (USD Million, 2017 - 2027)
- Large Enterprise
- SMEs

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Secure Sockets Layer (SSL) Certification Market Scope
Report Coverage	Details
Page number	160
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 19.4%
Market growth 2023-2027	USD 6,116.08 million
Market structure	Fragmented
YoY growth 2022-2023(%)	19.3
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 43%
Key countries	US, Canada, China, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Alibaba Group Holding Ltd., AlphaSSL, Aruba Spa, ASSA ABLOY AB, Asseco Poland SA, Comodo Security Solutions Inc., DigiCert Inc., Entrust Corp., GlobalSign Ltd., GoDaddy Inc., Internet Security Research Group, Secom Co. Ltd., Sectigo Ltd., Singapore Telecommunications Ltd., SSL.com, Stack Holdings GmbH, SwissSign AG, TAIWAN CA Inc., Tencent Holdings Ltd., and Web.com Group Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Secure Sockets Layer (SSL) Certification Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the secure sockets layer (SSL) certification market between 2023 and 2027
Precise estimation of the secure sockets layer (SSL) certification market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of secure sockets layer (SSL) certification market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global secure sockets layer (SSL) certification market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global secure sockets layer (SSL) certification market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 end-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – end-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Domain validation - Market size and forecast 2022-2027
- Exhibit 34: Chart on Domain validation - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Domain validation - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Domain validation - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Domain validation - Year-over-year growth 2022-2027 (%)

6.4 Organization validation - Market size and forecast 2022-2027
- Exhibit 38: Chart on Organization validation - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Organization validation - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Organization validation - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Organization validation - Year-over-year growth 2022-2027 (%)

6.5 Extended validation - Market size and forecast 2022-2027
- Exhibit 42: Chart on Extended validation - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Extended validation - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Extended validation - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Extended validation - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 49: Chart on Comparison by End-user
- Exhibit 50: Data Table on Comparison by End-user

7.3 Large enterprises - Market size and forecast 2022-2027
- Exhibit 51: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

7.4 SMEs - Market size and forecast 2022-2027
- Exhibit 55: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on SMEs - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by End-user
- Exhibit 59: Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 UK - Market size and forecast 2022-2027
- Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027
- Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027
- Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 Germany - Market size and forecast 2022-2027
- Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 106: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 108: Overview on factors of disruption

11.4 Industry risks
- Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 110: Vendors covered

12.2 Market positioning of vendors
- Exhibit 111: Matrix on vendor position and classification

12.3 AlphaSSL
- Exhibit 112: AlphaSSL - Overview
- Exhibit 113: AlphaSSL - Product / Service
- Exhibit 114: AlphaSSL - Key offerings

12.4 Aruba Spa
- Exhibit 115: Aruba Spa - Overview
- Exhibit 116: Aruba Spa - Product / Service
- Exhibit 117: Aruba Spa - Key offerings

12.5 ASSA ABLOY AB
- Exhibit 118: ASSA ABLOY AB - Overview
- Exhibit 119: ASSA ABLOY AB - Business segments
- Exhibit 120: ASSA ABLOY AB - Key offerings
- Exhibit 121: ASSA ABLOY AB - Segment focus

12.6 Asseco Poland SA
- Exhibit 122: Asseco Poland SA - Overview
- Exhibit 123: Asseco Poland SA - Business segments
- Exhibit 124: Asseco Poland SA - Key offerings
- Exhibit 125: Asseco Poland SA - Segment focus

12.7 Comodo Security Solutions Inc.
- Exhibit 126: Comodo Security Solutions Inc. - Overview
- Exhibit 127: Comodo Security Solutions Inc. - Product / Service
- Exhibit 128: Comodo Security Solutions Inc. - Key offerings

12.8 DigiCert Inc.
- Exhibit 129: DigiCert Inc. - Overview
- Exhibit 130: DigiCert Inc. - Product / Service
- Exhibit 131: DigiCert Inc. - Key offerings

12.9 Entrust Corp.
- Exhibit 132: Entrust Corp. - Overview
- Exhibit 133: Entrust Corp. - Product / Service
- Exhibit 134: Entrust Corp. - Key news
- Exhibit 135: Entrust Corp. - Key offerings

12.10 GlobalSign Ltd.
- Exhibit 136: GlobalSign Ltd. - Overview
- Exhibit 137: GlobalSign Ltd. - Product / Service
- Exhibit 138: GlobalSign Ltd. - Key offerings

12.11 GoDaddy Inc.
- Exhibit 139: GoDaddy Inc. - Overview
- Exhibit 140: GoDaddy Inc. - Product / Service
- Exhibit 141: GoDaddy Inc. - Key offerings

12.12 Internet Security Research Group
- Exhibit 142: Internet Security Research Group - Overview
- Exhibit 143: Internet Security Research Group - Product / Service
- Exhibit 144: Internet Security Research Group - Key offerings

12.13 Secom Co. Ltd.
- Exhibit 145: Secom Co. Ltd. - Overview
- Exhibit 146: Secom Co. Ltd. - Business segments
- Exhibit 147: Secom Co. Ltd. - Key offerings
- Exhibit 148: Secom Co. Ltd. - Segment focus

12.14 Sectigo Ltd.
- Exhibit 149: Sectigo Ltd. - Overview
- Exhibit 150: Sectigo Ltd. - Product / Service
- Exhibit 151: Sectigo Ltd. - Key offerings

12.15 Singapore Telecommunications Ltd.
- Exhibit 152: Singapore Telecommunications Ltd. - Overview
- Exhibit 153: Singapore Telecommunications Ltd. - Business segments
- Exhibit 154: Singapore Telecommunications Ltd. - Key offerings
- Exhibit 155: Singapore Telecommunications Ltd. - Segment focus

12.16 TAIWAN CA Inc.
- Exhibit 156: TAIWAN CA Inc. - Overview
- Exhibit 157: TAIWAN CA Inc. - Product / Service
- Exhibit 158: TAIWAN CA Inc. - Key offerings

12.17 Web.com Group Inc.
- Exhibit 159: Web.com Group Inc. - Overview
- Exhibit 160: Web.com Group Inc. - Product / Service
- Exhibit 161: Web.com Group Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 162: Inclusions checklist
- Exhibit 163: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 164: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 165: Research methodology
- Exhibit 166: Validation techniques employed for market sizing
- Exhibit 167: Information sources

13.5 List of abbreviations
- Exhibit 168: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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