Research Methodology on Cloud Computing Market
This research report has been compiled to provide an in-depth analysis of the Cloud Computing market by comprehensively evaluating the major factors driving the market’s growth as well as those restraining it. The report further offers an examination of the emerging trends that are likely to shape the dynamics of the market in the ensuing years. The report assesses the Cloud Computing market’s present and historical performance along with detailed information regarding the potential gains in the forecast period 2023 to 2030.
The research report employs a mix of primary and secondary research techniques to arrive at estimations and projections that make up the forecast. Additionally, the research report makes use of various market analysis techniques such as PESTEL and SWOT analysis to determine the market’s attractiveness.
This report is based on an in-depth market analysis that comprises the following activities:
Secondary research:
Secondary research is the process of collecting data from already existing sources such as industry journals, databases, whitepapers, reports, and magazines. Secondary research provided a comprehensive overview of the global Cloud Computing market and enabled us to gain an understanding of the market dynamics. Relevant information such as regulatory trends, technological developments, and competitive landscape were procured from relevant sources such as industry association databases, industry magazines, and whitepapers. Secondary research data was further analyzed to arrive at growth projections and validations by way of a triangulation process.
Primary research:
Primary research involved interactions with various industry experts such as CEOs, industry analysts, and senior executives. These conversations enabled us to obtain detailed insights about the market and to analyze the information that was collected through secondary research.
Approaches used:
1. Bottom-up approach:
The bottom-up approach was adopted for the assessment of the Cloud Computing market. This approach began with the estimation of the revenue for each segment and region in the base year (2022) and ended with the estimation of the overall market size for the forecast period 2023 to 2030. This assessment method was adopted in order to make more accurate market forecasts based on individual segment and region estimations.
2. Top-down approach:
The top-down approach was employed to arrive at the overall market size by estimating the overall market size in the base year (2022) and dividing it by the estimated growth rate over the forecast period 2023-2030.
3. Factor analysis
Factor analysis is a statistical method employed to ascertain relationships or correlations between two or more variables. In the course of the analysis, certain factors were identified to be the key drivers and restraints in the Cloud Computing market.
4. Time-series analysis
Time-series analysis involves examining data sets to determine the variations of one or more variables over a certain period. This analysis highlighted the existing opportunities and changing trends in the market.
5. Demand-side and supply-side data triangulation
The demand side data triangulation was employed to gain a deep understanding of the Cloud Computing market and its size. This process began with the identification of the market’s direct users. Further, primary and secondary research data was consolidated and analyzed to arrive at the overall market size. On the other hand, the supply-side analysis focused on the assessment of the vendor landscape, the supplier and distributor landscape and competitive market positioning.
