- +1-315-215-1633
- sales@thebrainyinsights.com
The global dark fiber market was valued at USD 5.95 billion in 2022, increasing at a CAGR of 11.15% from 2022 to 2030 and is anticipated to reach USD 13.85 billion by 2030. Further, the COVID-19 pandemic has positively influenced the growth of the global dark fiber market. The raised demand for internet connectivity during an epidemic by enterprises, corporations, and businesses due to the penetration of the work-from-home culture is crucial to positive market growth. The global dark fiber industry is expected to increase due to the advantages offered like scalability & flexibility for rising bandwidth needs, complete control over the infrastructure, enhanced security, lower latency, reliable network connectivity, and cost minimization by outsourcing infrastructure services.
Dark fibers, also called unlit fibers, are unused optical fibers available in fiber-optic communication. A very good use case of dark-fiber is when an existing data centre and head office want to develop its scope beyond one facility. Dark fiber can simultaneously carry numerous wavelengths, providing much higher bandwidth, lower latency and greater security. A dark fiber lease needs a higher upfront cost & capital investment for equipment to light the fiber. Managing and monitoring a fiber network can raise the administrative burden for IT teams. Dark fibre also allows the potential for DWDM, or Dense Wavelength Division Multiplexing, which virtually divides the fibre into individual wavelengths across the spectrum, permitting greater capacity to be achieved, which can be suitable for industries with significant data needs like media, manufacturing and banks. Dark fiber services are provided by local exchange carriers (LECs) to sustain optical fiber transmission capacity between consumer locations where the consumers provide light for fibers.
Get an overview of this study by requesting a free sample
For example, in March 2021, Bluebird Network Company, a communications infrastructure provider and data centre operator, announced their business development plans by enlarging their networks across 500 towers in 5 states of the Midwest and intended to support 5G network deployments. The firm owns data centers & over 10,000 miles of the fiber network.
Drivers:
The increasing global internet traffic: The rise in government funding for telecommunication infrastructure development is helping to drive market growth. Moreover, the government is investing in research for upgrading and enlarging the solicitation frontiers. The increase in internet penetration globally is raising the demand for digital content substantially. The internet has become an essential part of life. The growing use of smartphones to access the internet drives the demand for high-bandwidth applications. This results in the development of ultra-fast broadband services. The consequent growth in cybercrimes, the rising speed of internet infiltration, and the innovations in communications & networking machinery are also anticipated to propel the market growth during the forecast period. Moreover, the increasing inclination for Internet-linked devices such as laptops, tablets, and smartphones is helping to boost market growth over the forecast period.
Restraints:
The lack of trained professionals: The stringent regulation, the need for frequent upgrades, and the problem of breaches & interception are restraining factors of the market growth. Further, the limitations in both distance and speed hamper the market growth. Additionally, the need for trained professionals to design active network elements, frequent advancements and upgrades, and a lack of awareness among customers in some developing countries hinder the market growth.
Opportunities:
The increasing investments in ultra-long-haul networks: The ever-increasing adoption of smart connected devices and the surging demand for the internet worldwide is the opportunity factor for market growth. Further, the increasing handheld device user audience, the ever-rising popularity of video-on-demand services, and standards for cable operators about mandatory conversion to HD video quality are also propelling the market growth. Moreover, ultra-long-haul optical fiber networks are utilized to connect countries & cities worldwide. Also, the increasing demand for high bandwidth is stimulating network providers to deploy FTTx webs that offer more significant bandwidth capability than existing infrastructure. Ultra-long-haul terrestrial networks are utilized for undersea cabling to cross large oceanic distances. Moreover, the players can lease dark fiber to end-users, and such leasing procedures can save deployment costs. Therefore, the increasing deployment of ultra-long-haul networks is driving the dark fiber market.
Regional segmentation analysis:
The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. North America emerged as the largest market for the global dark fiber market, with a 43.32% share of the market revenue in 2022. North America dominates the dark fiber market due to the technological advancements & large-scale adoption of the technology in the IT, telecommunication & administrative sector. Also, the improved telecommunication sector infrastructure with better security measures and the US government's heavy investment in security infrastructure is helping to drive market growth in this region during the forecast period. Asia Pacific is expected to grow the fastest during the forecast period due to the increasing application of fiber networks in the medical sector. Moreover, the massive funding by the government and private sectors in fiber optic networks and rising demand for fiber networks in ISPs and telecommunications are stimulating market growth during the forecast period in this region. Additionally, the introduction of advanced networking systems supported by research facilities, increasing utilization of fiber networks in the medical industry, the rapid development across OTT platforms, and digital innovation in significant countries including Singapore, Japan, China, Australia, India, Malaysia are helping to drive the market growth in this region over the forecast period.
North America Region Dark Fiber Market Share in 2022 - 43.32%
www.thebrainyinsights.com
Check the geographical analysis of this market by requesting a free sample
Network type segment analysis
The network type segment is divided into long haul and metro. The long haul segment dominated, with a market share of around 56.15% in 2022. This growth is attributed to the increasing demand for reliable, high-speed, large bandwidth, and secure networks. Additionally, the long-haul dark fibers provide reliability and safety while carrying a massive data load.
Type segment analysis
The type segment is divided into a multimode fiber, single mode fiber, graded-index multimode fiber, and step-index multimode fiber. In 2022, the single mode fiber segment dominated the market with the largest market share of 31.14% and market revenue of 1.85 billion. This growth is attributed to the rising deployment of single-mode dark fibers for LTE/5G networks throughout various regions. Moreover, the single-mode fiber optic cable industry consists of sales of single-mode fiber optic cables & related services that are utilized in multiple applications like data centers, military, community antenna televisions, telecommunication and networking, factory automation, and industrial networking. Further, by 2030, the multimode fiber segment will likely dominate the market due to the increasing demand for higher bandwidth and faster speed connections. Additionally, the multimode fiber optic cable industry includes sales of multimode fiber cables & related services that are utilized in different industries like telecom, military/aerospace, telecom, broadcasting, healthcare, and power.
Material segment analysis
The material segment is divided into plastic and glass. In 2022, the glass segment dominated the market with the largest market share of 58.13% and market revenue of 3.45 billion. This growth is attributed to the rising application of glass fibers in the production of lightweight cars & aircraft. Further, by 2030, the plastic segment will likely dominate the market due to the increased penetration of the Internet of Things.
End-user segment analysis
The end-user segment is divided into the internet service providers (ISPs) & telecommunication industry, IT enabled services, the BFSI industry, the healthcare industry, the military & aerospace industry, the railway industry, the oil & gas industry, and others. In 2022, the internet service providers (ISPs) & telecommunication industry segment dominated the market, accounting for around 22.18% of global revenue. This growth is attributed to the increasing technological developments in artificial intelligence, machine learning, artificial intelligence and deep learning. Further, by 2030, the military & aerospace industry segment will likely dominate the market due to the rising installation of optic technology devices.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 5.95 Billion |
| Market size value in 2030 | USD 13.85 Billion |
| CAGR (2022 to 2030) | 11.15% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | Key Segments are network type, type, material, end-user, and regions |
| Regional Segments | The key regions are North America, South America, Europe, Asia Pacific, and Middle East & Africa. |
North America region emerged as the largest market for the dark fiber.
The market's growth will be influenced by the adoption of fiber optic technology.
The high prices of dark fiber network installation could hamper the market growth.
The increasing demand for 5G network will provide huge opportunities to the market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Network Type
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By Material
4.3.4. Market Attractiveness Analysis By End-User
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing investments in smart city initiatives
5.2.2. The rise in the use of IoT
5.2.3. The increase in focus on outsourcing of network infrastructure
5.2.4. The growing use of social networking platforms
5.2.5. The increase in deployment of 5G network in ISPs & telecommunication industry
5.3. Restraints
5.3.1. The high prices of dark fiber network installation
5.3.2. The problem of breaches & interception
5.4. Opportunities
5.4.1. The growing investments in ultra-long-haul networks
5.4.2. The increasing demand for 5G network
1. Global Dark Fiber Market Analysis and Forecast, By Network Type
1.1. Segment Overview
1.2. Long Haul
1.3. Metro
2. Global Dark Fiber Market Analysis and Forecast, By Type
2.1. Segment Overview
2.2. Multimode Fiber
2.3. Single Mode Fiber
2.4. Graded-index Multimode Fiber
2.5. Step-index Multimode Fiber
3. Global Dark Fiber Market Analysis and Forecast, By Material
3.1. Segment Overview
3.2. Plastic
3.3. Glass
4. Global Dark Fiber Market Analysis and Forecast, By End-User
5.5. Segment Overview
5.6. Internet Service Providers (ISPs) & Telecommunication Industry
5.7. IT Enabled Services
5.8. BFSI Industry
5.9. Healthcare Industry
5.10. Military & Aerospace Industry
5.11. Railway Industry
5.12. Oil & Gas Industry
5.13. Others
5. Global Dark Fiber Market Analysis and Forecast, By Regional Analysis
5.1. Segment Overview
5.2. North America
5.2.1. U.S.
5.2.2. Canada
5.2.3. Mexico
5.3. Europe
5.3.1. Germany
5.3.2. France
5.3.3. U.K.
5.3.4. Italy
5.3.5. Spain
5.4. Asia-Pacific
5.4.1. Japan
5.4.2. China
5.4.3. India
5.5. South America
5.5.1. Brazil
5.6. Middle East and Africa
5.6.1. UAE
5.6.2. South Africa
6. Global Dark Fiber Market-Competitive Landscape
6.1. Overview
6.2. Market Share of Key Players in Global Dark Fiber Market
6.2.1. Global Company Market Share
6.2.2. North America Company Market Share
6.2.3. Europe Company Market Share
6.2.4. APAC Company Market Share
6.3. Competitive Situations and Trends
6.3.1. Product Launches and Developments
6.3.2. Partnerships, Collaborations, and Agreements
6.3.3. Mergers & Acquisitions
6.3.4. Expansions
7. Company Profiles
7.1. AT&T Intellectual Property
7.1.1. Business Overview
7.1.2. Company Snapshot
7.1.3. Company Market Share Analysis
7.1.4. Company Product Portfolio
7.1.5. Recent Developments
7.1.6. SWOT Analysis
7.2. Comcast
7.2.1. Business Overview
7.2.2. Company Snapshot
7.2.3. Company Market Share Analysis
7.2.4. Company Product Portfolio
7.2.5. Recent Developments
7.2.6. SWOT Analysis
7.3. Consolidated Communications
7.3.1. Business Overview
7.3.2. Company Snapshot
7.3.3. Company Market Share Analysis
7.3.4. Company Product Portfolio
7.3.5. Recent Developments
7.3.6. SWOT Analysis
7.4. Colt Technology Services Group Limited
7.4.1. Business Overview
7.4.2. Company Snapshot
7.4.3. Company Market Share Analysis
7.4.4. Company Product Portfolio
7.4.5. Recent Developments
7.4.6. SWOT Analysis
7.5. GTT Communications, Inc.
7.5.1. Business Overview
7.5.2. Company Snapshot
7.5.3. Company Market Share Analysis
7.5.4. Company Product Portfolio
7.5.5. Recent Developments
7.5.6. SWOT Analysis
7.6. NTT Communications Corporation
7.6.1. Business Overview
7.6.2. Company Snapshot
7.6.3. Company Market Share Analysis
7.6.4. Company Product Portfolio
7.6.5. Recent Developments
7.6.6. SWOT Analysis
7.7. Level 3 Communications, Inc. (CenturyLink, Inc.)
7.7.1. Business Overview
7.7.2. Company Snapshot
7.7.3. Company Market Share Analysis
7.7.4. Company Product Portfolio
7.7.5. Recent Developments
7.7.6. SWOT Analysis
7.8. Verizon Communications, Inc.
7.8.1. Business Overview
7.8.2. Company Snapshot
7.8.3. Company Market Share Analysis
7.8.4. Company Product Portfolio
7.8.5. Recent Developments
7.8.6. SWOT Analysis
7.9. Zayo Group, LLC
7.9.1. Business Overview
7.9.2. Company Snapshot
7.9.3. Company Market Share Analysis
7.9.4. Company Product Portfolio
7.9.5. Recent Developments
7.9.6. SWOT Analysis
7.10. Windstream Communications
7.10.1. Business Overview
7.10.2. Company Snapshot
7.10.3. Company Market Share Analysis
7.10.4. Company Product Portfolio
7.10.5. Recent Developments
7.10.6. SWOT Analysis
List of Table
1. Global Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
2. Global Long Haul, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
3. Global Metro, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
4. Global Dark Fiber Market, By Type, 2019-2030 (USD Billion)
5. Global Multimode Fiber, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
6. Global Single Mode Fiber, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
7. Global Graded-index Multimode Fiber, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
8. Global Step-index Multimode Fiber, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
9. Global Dark Fiber Market, By Material, 2019-2030 (USD Billion)
10. Global Plastic, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
11. Global Glass, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
12. Global Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
13. Global Internet Service Providers (ISPs) & Telecommunication Industry, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
14. Global IT Enabled Services, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
15. Global BFSI Industry, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
16. Global Healthcare Industry, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
17. Global Military & Aerospace Industry, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
18. Global Railway Industry, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
19. Global Oil & Gas Industry, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
20. Global Others, Dark Fiber Market, By Region, 2019-2030 (USD Billion)
21. North America Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
22. North America Dark Fiber Market, By Type, 2019-2030 (USD Billion)
23. North America Dark Fiber Market, By Material, 2019-2030 (USD Billion)
24. North America Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
25. U.S. Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
26. U.S. Dark Fiber Market, By Type, 2019-2030 (USD Billion)
27. U.S. Dark Fiber Market, By Material, 2019-2030 (USD Billion)
28. U.S. Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
29. Canada Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
30. Canada Dark Fiber Market, By Type, 2019-2030 (USD Billion)
31. Canada Dark Fiber Market, By Material, 2019-2030 (USD Billion)
32. Canada Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
33. Mexico Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
34. Mexico Dark Fiber Market, By Type, 2019-2030 (USD Billion)
35. Mexico Dark Fiber Market, By Material, 2019-2030 (USD Billion)
36. Mexico Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
37. Europe Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
38. Europe Dark Fiber Market, By Type, 2019-2030 (USD Billion)
39. Europe Dark Fiber Market, By Material, 2019-2030 (USD Billion)
40. Europe Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
41. Germany Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
42. Germany Dark Fiber Market, By Type, 2019-2030 (USD Billion)
43. Germany Dark Fiber Market, By Material, 2019-2030 (USD Billion)
44. Germany Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
45. France Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
46. France Dark Fiber Market, By Type, 2019-2030 (USD Billion)
47. France Dark Fiber Market, By Material, 2019-2030 (USD Billion)
48. France Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
49. U.K. Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
50. U.K. Dark Fiber Market, By Type, 2019-2030 (USD Billion)
51. U.K. Dark Fiber Market, By Material, 2019-2030 (USD Billion)
52. U.K. Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
53. Italy Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
54. Italy Dark Fiber Market, By Type, 2019-2030 (USD Billion)
55. Italy Dark Fiber Market, By Material, 2019-2030 (USD Billion)
56. Italy Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
57. Spain Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
58. Spain Dark Fiber Market, By Type, 2019-2030 (USD Billion)
59. Spain Dark Fiber Market, By Material, 2019-2030 (USD Billion)
60. Spain Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
61. Asia Pacific Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
62. Asia Pacific Dark Fiber Market, By Type, 2019-2030 (USD Billion)
63. Asia Pacific Dark Fiber Market, By Material, 2019-2030 (USD Billion)
64. Asia Pacific Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
65. Japan Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
66. Japan Dark Fiber Market, By Type, 2019-2030 (USD Billion)
67. Japan Dark Fiber Market, By Material, 2019-2030 (USD Billion)
68. Japan Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
69. China Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
70. China Dark Fiber Market, By Type, 2019-2030 (USD Billion)
71. China Dark Fiber Market, By Material, 2019-2030 (USD Billion)
72. China Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
73. India Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
74. India Dark Fiber Market, By Type, 2019-2030 (USD Billion)
75. India Dark Fiber Market, By Material, 2019-2030 (USD Billion)
76. India Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
77. South America Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
78. South America Dark Fiber Market, By Type, 2019-2030 (USD Billion)
79. South America Dark Fiber Market, By Material, 2019-2030 (USD Billion)
80. South America Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
81. Brazil Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
82. Brazil Dark Fiber Market, By Type, 2019-2030 (USD Billion)
83. Brazil Dark Fiber Market, By Material, 2019-2030 (USD Billion)
84. Brazil Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
85. Middle East and Africa Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
86. Middle East and Africa Dark Fiber Market, By Type, 2019-2030 (USD Billion)
87. Middle East and Africa Dark Fiber Market, By Material, 2019-2030 (USD Billion)
88. Middle East and Africa Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
89. UAE Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
90. UAE Dark Fiber Market, By Type, 2019-2030 (USD Billion)
91. UAE Dark Fiber Market, By Material, 2019-2030 (USD Billion)
92. UAE Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
93. South Africa Dark Fiber Market, By Network Type, 2019-2030 (USD Billion)
94. South Africa Dark Fiber Market, By Type, 2019-2030 (USD Billion)
95. South Africa Dark Fiber Market, By Material, 2019-2030 (USD Billion)
96. South Africa Dark Fiber Market, By End-User, 2019-2030 (USD Billion)
List of Figures
1. Global Dark Fiber Market Segmentation
2. Global Dark Fiber Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Dark Fiber Market Attractiveness Analysis By Network Type
9. Global Dark Fiber Market Attractiveness Analysis By Type
10. Global Dark Fiber Market Attractiveness Analysis By Material
11. Global Dark Fiber Market Attractiveness Analysis By End-User
12. Global Dark Fiber Market Attractiveness Analysis By Region
13. Global Dark Fiber Market: Dynamics
14. Global Dark Fiber Market Share By Network Type (2022 & 2030)
15. Global Dark Fiber Market Share By Type (2022 & 2030)
16. Global Dark Fiber Market Share By Material (2022 & 2030)
17. Global Dark Fiber Market Share By End-User (2022 & 2030)
18. Global Dark Fiber Market Share By Regions (2022 & 2030)
19. Global Dark Fiber Market Share By Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global dark fiber based on below mentioned segments:
Global Dark Fiber Market by Network Type:
Global Dark Fiber Market by Type:
Global Dark Fiber Market by Material:
Global Dark Fiber Market by End-User:
Global Dark Fiber by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date
