image

REPORT SCOPE & OVERVIEW:

The FIDO Authentication Market size was USD 1.3 billion in 2022 and is expected to Reach USD 6.72 billion by 2030 and grow at a CAGR of 22.8 % over the forecast period of 2023-2030.

FIDO authentication is a strong authentication method that uses public-key cryptography to verify the identity of a user. It is more secure than traditional password-based authentication, and it is also more convenient for users. FIDO authentication can be used to replace passwords for logging in to websites and applications. This can help to improve security by making it more difficult for attackers to gain unauthorized access. The software segment is expected to grow at a CAGR of 15.5% during the forecast period. This is due to the increasing demand for FIDO authentication software solutions, such as single sign-on and identity and access management solutions. The increasing number of cyberattacks is driving the need for more secure authentication methods. FIDO authentication is a strong and secure authentication method that is resistant to phishing and other attacks.

FIDO Authentication Market Revenue Analysis

To get more information on FIDO Authentication Market - Request Free Sample Report

MARKET DYNAMICS

KEY DRIVERS

  • The increasing number of online payments and transactions

  • The growing use of biometrics for authentication

The increasing number of online payments and transactions is another key driver of the FIDO authentication market. As more and more people make online payments, there is a growing need for strong authentication methods to protect against fraud and unauthorized access to financial accounts.

RESTRAIN

  • The lack of interoperability between different FIDO authentication solutions

  • The high cost of implementation

The lack of interoperability between different FIDO authentication solutions is another key restraint of the market. There are many different FIDO authentication solutions available, but they do not always work together. This can make it difficult for businesses and government agencies to implement FIDO authentication across their entire organization.

OPPORTUNITY

  • The development of new and innovative FIDO authentication solutions

  • The growing demand for strong authentication methods

The development of new FIDO authentication solutions can help to address the challenge of interoperability. Currently, there are many different FIDO authentication solutions available, but they do not always work together. This can make it difficult for businesses and government agencies to implement FIDO authentication across their entire organization.

CHALLENGES

  • The need to address the security concerns of users

  • The need to educate users about FIDO authentication

It is important for FIDO authentication providers to address it. They need to ensure that their solutions are secure and that user data is protected. There are a number of ways to address the security concerns of users. One way is to use strong encryption to protect user data. Another way is to use multi-factor authentication, which requires users to provide two or more pieces of identification to authenticate themselves.

IMPACT OF RUSSIAN UKRAINE WAR

The Russia-Ukraine war has had a mixed impact on the FIDO authentication market. On the one hand, the war has increased the demand for secure authentication solutions, as businesses and organizations look to protect themselves from cyberattacks. FIDO authentication is a strong and secure authentication method that is resistant to phishing and other attacks, so it is likely to see increased adoption in the wake of the war. On the other hand, the war has also disrupted the global supply chain, which could make it difficult for FIDO authentication vendors to get the components they need to manufacture their products. This could lead to higher prices and longer delivery times for FIDO authentication solutions. The war has had a negative impact on the global economy, which has led to a decrease in investment in new technologies. Some businesses have switched to alternative authentication methods, such as SMS-based authentication, due to concerns about the security of FIDO authentication. The war has led to an increase in the demand for FIDO authentication solutions that are designed to be used in a remote environment.

IMPACT OF ONGOING RECESSION

The ongoing recession is having a negative impact on FIDO authentication companies. This is because businesses are looking to cut costs wherever possible, and FIDO authentication is seen as a new and unproven technology. As a result, some FIDO authentication companies have been forced to lay off employees or even close down altogether. a study by the National Retail Federation found that 60% of retailers plan to reduce their spending on security technology in the next year. This is likely to include FIDO authentication, as it is a relatively new and expensive technology. In January 2023, Yubico, a leading FIDO authentication company, laid off 10% of its workforce. In March 2023, FIDO Alliance, the organization that develops FIDO standards, announced that it would be cutting its budget by 20%. Despite the challenges posed by the recession, the long-term outlook for FIDO authentication is positive. FIDO is a more secure and user-friendly authentication method than traditional passwords, and it is gaining traction among businesses and consumers. As the recession eases, we can expect to see more businesses adopt FIDO authentication.

KEY MARKET SEGMENTATION

By Component

  • FIDO Authentication Devices

  • FIDO Authentication SDKs

  • FIDO Client SDK

  • FIDO Server SDK

  • Services

  • Technology Consulting

  • Integration & Deployment

  • FIDO Certification Services

  • Support Services

By Application

  • Payment Processing

  • PKI/Credential Management

  • Document Signing

  • User Authentication

  • Others

By Industry Vertical

  • BFSI

  • Healthcare & Life Sciences

  • IT & Telecom

  • Retail & CPG

  • Government & Defense

  • Energy & Utilities

  • Others

FIDO Authentication Market Segmentation Analysis

Need any customization research on FIDO Authentication  Market - Enquiry Now

Region Coverage:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

The North American region is expected to be the second-largest market for FIDO authentication in 2022, with a market share of 27.4%. This is due to the high adoption of new technologies and the increasing concerns about security in the region. The major drivers of the FIDO authentication market in North America are The increasing adoption of cloud computing, The growing use of biometrics for authentication, and The rising awareness of security risks. Governments in North America are increasingly mandating the use of FIDO Authentication for certain applications. This is driving the demand for FIDO Authentication in the region.

The Asia Pacific region is expected to be the largest market for FIDO authentication in 2022, with a market share of 32.4%. This is due to the rapid growth of the digital economy in the region, and the increasing concerns about security. The key players in the FIDO authentication market in Asia Pacific are Google, Microsoft, Yubico, Gemalto, and IDEMIA.  The rising number of cyber-attacks is also driving the demand for FIDO Authentication. In the Asia pacific region and FIDO Authentication can help to protect users from phishing attacks, malware attacks, and other types of cyber-attacks.

KEY PLAYERS:

The major players Market are OneSpan, Aware, Inc., Nok Nok Labs, Inc., Century Longmai Technology Co., Ltd., Daon, Movenda, Thales Security, RSA Security LLC, International Systems Research Co., Yubico, and other players.

OneSpan-Company Financial Analysis

RECENT DEVELOPMENTS

Google:

In February 2023, Google announced that it is adding support for FIDO2 to its Chrome browser. This will allow users to sign in to websites and apps using their fingerprint or face print instead of a password.

Yubico:

In April 2023, Yubico announced the release of its YubiKey 5C NFC. This is a new security key that supports FIDO2 and U2F authentication protocols.

FIDO Authentication Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 1.3 Billion
Market Size by 2030  US$ 6.72 Billion
CAGR   CAGR of 22.8 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments
  • By Component (FIDO Authentication Devices, FIDO Authentication SDKs {FIDO Client SDK, FIDO Server SDK}, Services [Technology Consulting, Integration & Deployment, FIDO Certification Services, Support Services])
  • By Application (Payment Processing, PKI/Credential Management, Document Signing, User Authentication, Others)
  • By Industry Vertical (BFSI, Healthcare & Life Sciences, IT & Telecom, Retail & CPG, Government & Defense, Energy & Utilities, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles OneSpan, Aware, Inc., FEITIAN Technologies, Onfido, Daon, Movenda, Thales Security, RSA Security LLC, Egis Technology Inc., Yubico
Key Drivers • The increasing number of online payments and transactions
• The growing use of biometrics for authentication
Market Opportunity • The development of new and innovative FIDO authentication solutions
• The growing demand for strong authentication methods

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for FIDO Authentication Market over the forecast period is 22.8 %.

Ans. USD 6.72 Billion is the projected size of the FIDO Authentication Market by 2030.

Ans. The FIDO Authentication market can be segmented based on applications, such as payment processing, enterprise security, and healthcare.

Ans. FIDO (Fast Identity Online) Authentication is a set of standards for password less authentication that aims to provide a safer user experience

Ans. The FIDO Authentication market can be segmented based on verticals, such as banking, financial services, and insurance (BFSI), healthcare, and government.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. FIDO Authentication Market, By Component

8.1 FIDO Authentication Devices

8.2 FIDO Authentication SDKs

8.2.1 FIDO Client SDK

8.2.2 FIDO Server SDK

8.3 Services

8.3.1 Technology Consulting

8.3.2 Integration & Deployment

8.3.3 FIDO Certification Services

8.3.4 Support Services

9. FIDO Authentication Market, By Application

9.1 Payment Processing

9.2 PKI/Credential Management

9.3 Document Signing

9.4 User Authentication

9.5 Others

10. FIDO Authentication Market, By Industry Vertical

10.1 BFSI

10.2 Healthcare & Life Sciences

10.3 IT & Telecom

10.4 Retail & CPG

10.5 Government & Defense

10.6 Energy & Utilities

10.7 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 North America FIDO Authentication Market By Country

11.2.2 North America FIDO Authentication Market By Component

11.2.3 North America FIDO Authentication Market By Application

11.2.4 North America FIDO Authentication Market By Industry Vertical

11.2.5 USA

11.2.5.1 USA FIDO Authentication Market By Component

11.2.5.2 USA FIDO Authentication Market By Application

11.2.5.3 USA FIDO Authentication Market By Industry Vertical

11.2.6 Canada

11.2.6.1 Canada FIDO Authentication Market By Component

11.2.6.2 Canada FIDO Authentication Market By Application

11.2.6.3 Canada FIDO Authentication Market By Industry Vertical

11.2.7 Mexico

11.2.7.1 Mexico FIDO Authentication Market By Component

11.2.7.2 Mexico FIDO Authentication Market By Application

11.2.7.3 Mexico FIDO Authentication Market By Industry Vertical

11.3 Europe

11.3.1 Eastern Europe

11.3.1.1 Eastern Europe FIDO Authentication Market By country

11.3.1.2 Eastern Europe FIDO Authentication Market By Component

11.3.1.3 Eastern Europe FIDO Authentication Market By Application

11.3.1.4 Eastern Europe FIDO Authentication Market By Industry Vertical

11.3.1.5 Poland

11.3.1.5.1 Poland FIDO Authentication Market By Component

11.3.1.5.2 Poland FIDO Authentication Market By Application

11.3.1.5.3 Poland FIDO Authentication Market By Industry Vertical

11.3.1.6 Romania

11.3.1.6.1 Romania FIDO Authentication Market By Component

11.3.1.6.2 Romania FIDO Authentication Market By Application

11.3.1.6.4 Romania FIDO Authentication Market By Industry Vertical

11.3.1.7 Turkey

11.3.1.7.1 Turkey FIDO Authentication Market By Component

11.3.1.7.2 Turkey FIDO Authentication Market By Application

11.3.1.7.3 Turkey FIDO Authentication Market By Industry Vertical

11.3.1.8 Rest of Eastern Europe

11.3.1.8.1 Rest of Eastern Europe FIDO Authentication Market By Component

11.3.1.8.2 Rest of Eastern Europe FIDO Authentication Market By Application

11.3.1.8.3 Rest of Eastern Europe FIDO Authentication Market By Industry Vertical

11.3.2 Western Europe

11.3.2.1 Western Europe FIDO Authentication Market By Component

11.3.2.2 Western Europe FIDO Authentication Market By Application

11.3.2.3 Western Europe FIDO Authentication Market By Industry Vertical

11.3.2.4 Germany

11.3.2.4.1 Germany FIDO Authentication Market By Component

11.3.2.4.2 Germany FIDO Authentication Market By Application

11.3.2.4.3 Germany FIDO Authentication Market By Industry Vertical

11.3.2.5 France

11.3.2.5.1 France FIDO Authentication Market By Component

11.3.2.5.2 France FIDO Authentication Market By Application

11.3.2.5.3 France FIDO Authentication Market By Industry Vertical

11.3.2.6 UK

11.3.2.6.1 UK FIDO Authentication Market By Component

11.3.2.6.2 UK FIDO Authentication Market By Application

11.3.2.6.3 UK FIDO Authentication Market By Industry Vertical

11.3.2.7 Italy

11.3.2.7.1 Italy FIDO Authentication Market By Component

11.3.2.7.2 Italy FIDO Authentication Market By Application

11.3.2.7.3 Italy FIDO Authentication Market By Industry Vertical

11.3.2.8 Spain

11.3.2.8.1 Spain FIDO Authentication Market By Component

11.3.2.8.2 Spain FIDO Authentication Market By Application

11.3.2.8.3 Spain FIDO Authentication Market By Industry Vertical

11.3.2.9 Netherlands

11.3.2.9.1 Netherlands FIDO Authentication Market By Component

11.3.2.9.2 Netherlands FIDO Authentication Market By Application

11.3.2.9.3 Netherlands FIDO Authentication Market By Industry Vertical

11.3.2.10 Switzerland

11.3.2.10.1 Switzerland FIDO Authentication Market By Component

11.3.2.10.2 Switzerland FIDO Authentication Market By Application

11.3.2.10.3 Switzerland FIDO Authentication Market By Industry Vertical

11.3.2.11.1 Austria

11.3.2.11.2 Austria FIDO Authentication Market By Component

11.3.2.11.3 Austria FIDO Authentication Market By Application

11.3.2.11.4 Austria FIDO Authentication Market By Industry Vertical

11.3.2.12 Rest of Western Europe

11.3.2.12.1 Rest of Western Europe FIDO Authentication Market By Component

11.3.2.12.2 Rest of Western Europe FIDO Authentication Market By Application

11.3.2.12.3 Rest of Western Europe FIDO Authentication Market By Industry Vertical

11.4 Asia-Pacific

11.4.1 Asia-Pacific FIDO Authentication Market By Country

11.4.2 Asia-Pacific FIDO Authentication Market By Component

11.4.3 Asia-Pacific FIDO Authentication Market By Application

11.4.4 Asia-Pacific FIDO Authentication Market By Industry Vertical

11.4.5 China

11.4.5.1 China FIDO Authentication Market By Component

11.4.5.2 China FIDO Authentication Market By Application

11.4.5.3 China FIDO Authentication Market By Industry Vertical

11.4.6 India

11.4.6.1 India FIDO Authentication Market By Component

11.4.6.2 India FIDO Authentication Market By Application

11.4.6.3 India FIDO Authentication Market By Industry Vertical

11.4.7 Japan

11.4.7.1 Japan FIDO Authentication Market By Component

11.4.7.2 Japan FIDO Authentication Market By Application

11.4.7.3 Japan FIDO Authentication Market By Industry Vertical

11.4.8 South Korea

11.4.8.1 South Korea FIDO Authentication Market By Component

11.4.8.2 South Korea FIDO Authentication Market By Application

11.4.8.3 South Korea FIDO Authentication Market By Industry Vertical

11.4.9 Vietnam

11.4.9.1 Vietnam FIDO Authentication Market By Component

11.4.9.2 Vietnam FIDO Authentication Market By Application

11.4.9.3 Vietnam FIDO Authentication Market By Industry Vertical

11.4.10 Singapore

11.4.10.1 Singapore FIDO Authentication Market By Component

11.4.10.2 Singapore FIDO Authentication Market By Application

11.4.10.3 Singapore FIDO Authentication Market By Industry Vertical

11.4.11 Australia

11.4.11.1 Australia FIDO Authentication Market By Component

11.4.11.2 Australia FIDO Authentication Market By Application

11.4.11.3 Australia FIDO Authentication Market By Industry Vertical

11.4.12 Rest of Asia-Pacific

11.4.12.1 Rest of Asia-Pacific FIDO Authentication Market By Component

11.4.12.2 Rest of Asia-Pacific FIDO Authentication Market By Application

11.4.12.3 Rest of Asia-Pacific FIDO Authentication Market By Industry Vertical

11.5 Middle East & Africa

11.5.1 Middle East

11.5.1.1 Middle East FIDO Authentication Market By Country

11.5.1.2 Middle East FIDO Authentication Market By Component

11.5.1.3 Middle East FIDO Authentication Market By Application

11.5.1.4 Middle East FIDO Authentication Market By Industry Vertical

11.5.1.5 UAE

11.5.1.5.1 UAE FIDO Authentication Market By Component

11.5.1.5.2 UAE FIDO Authentication Market By Application

11.5.1.5.3 UAE FIDO Authentication Market By Industry Vertical

11.5.1.6 Egypt

11.5.1.6.1 Egypt FIDO Authentication Market By Component

11.5.1.6.2 Egypt FIDO Authentication Market By Application

11.5.1.6.3 Egypt FIDO Authentication Market By Industry Vertical

11.5.1.7 Saudi Arabia

11.5.1.7.1 Saudi Arabia FIDO Authentication Market By Component

11.5.1.7.2 Saudi Arabia FIDO Authentication Market By Application

11.5.1.7.3 Saudi Arabia FIDO Authentication Market By Industry Vertical

11.5.1.8 Qatar

11.5.1.8.1 Qatar FIDO Authentication Market By Component

11.5.1.8.2 Qatar FIDO Authentication Market By Application

11.5.1.8.3 Qatar FIDO Authentication Market By Industry Vertical

11.5.1.9 Rest of Middle East

11.5.1.9.1 Rest of Middle East FIDO Authentication Market By Component

11.5.1.9.2 Rest of Middle East FIDO Authentication Market By Application

11.5.1.9.3 Rest of Middle East FIDO Authentication Market By Industry Vertical

11.5.2 Africa

11.5.2.1 Africa Transfusion Diagnostics Market By Country

11.5.2.2 Africa FIDO Authentication Market By Component

11.5.2.3 Africa FIDO Authentication Market By Application

11.5.2.4 Africa FIDO Authentication Market By Industry Vertical

11.5.2.5 Nigeria

11.5.2.5.1 Nigeria FIDO Authentication Market By Component

11.5.2.5.2 Nigeria FIDO Authentication Market By Application

11.5.2.5.3 Nigeria FIDO Authentication Market By Industry Vertical

11.5.2.6 South Africa

11.5.2.6.1 South Africa FIDO Authentication Market By Component

11.5.2.6.2 South Africa FIDO Authentication Market By Application

11.5.2.6.3 South Africa FIDO Authentication Market By Industry Vertical

11.5.2.7 Rest of Africa

11.5.2.7.1 Rest of Africa FIDO Authentication Market By Component

11.5.2.7.2 Rest of Africa FIDO Authentication Market By Application

11.5.2.7.3 Rest of Africa FIDO Authentication Market By Industry Vertical

11.6 Latin America

11.6.1 Latin America FIDO Authentication Market By Country

11.6.2 Latin America FIDO Authentication Market By Component

11.6.3 Latin America FIDO Authentication Market By Application

11.6.4 Latin America FIDO Authentication Market By Industry Vertical

11.6.5 Brazil

11.6.5.1 Brazil FIDO Authentication By Component

11.6.5.2 Brazil FIDO Authentication By Application

11.6.5.3 Brazil FIDO Authentication By Industry Vertical

11.6.6 Argentina

11.6.6.1 Argentina FIDO Authentication By Component

11.6.6.2 Argentina FIDO Authentication By Application

11.6.6.3 Argentina FIDO Authentication By Industry Vertical

11.6.7 Colombia

11.6.7.1 Colombia FIDO Authentication By Component

11.6.7.2 Colombia FIDO Authentication By Application

11.6.7.3 Colombia FIDO Authentication By Industry Vertical

11.6.8 Rest of Latin America

11.6.8.1 Rest of Latin America FIDO Authentication By Component

11.6.8.2 Rest of Latin America FIDO Authentication By Application

11.6.8.3 Rest of Latin America FIDO Authentication By Industry Vertical

12 Company profile

12.1 OneSpan

12.1.1 Company Overview

12.1.2 Financials

12.1.3Product/Services/Offerings

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 Aware, Inc.

12.2.1 Company Overview

12.2.2 Financials

12.2.3Product/Services/Offerings

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 Nok Nok Labs, Inc.

12.3.1 Company Overview

12.3.2 Financials

12.3.3Product/Services/Offerings

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 Century Longmai Technology Co., Ltd.

12.4.1 Company Overview

12.4.2 Financials

12.4.3Product/Services/Offerings

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5 Daon

12.5.1 Company Overview

12.5.2 Financials

12.5.3Product/Services/Offerings

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 Movenda

12.6.1 Company Overview

12.6.2 Financials

12.6.3Product/Services/Offerings

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 Thales Security

12.7.1 Company Overview

12.7.2 Financials

12.7.3Product/Services/Offerings

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 RSA Security LLC

12.8.1 Company Overview

12.8.2 Financial

12.8.3Product/Services/Offerings

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9 International Systems Research Co.

12.9.1 Company Overview

12.9.2 Financials

12.9.3 Product/Service/Offerings

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Yubico

12.10.1 Company Overview

12.10.2 Financials

12.10.3 Product/Service/Offerings

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Company Share Analysis
13.3 Recent Developments
13.3.1 Application News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. USE Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone