GITNUX MARKETDATA REPORT 2024
Tam Sam Som Industry Statistics
TAM (Total Addressable Market) represents the total revenue opportunity available for a specific product or service in a given market, while SAM (Serviceable Addressable Market) is the portion of TAM that can actually be reached and served by a company, and SOM (Share of Market) is the percentage of SAM that a company is able to capture.
In this post, we will explore key statistics related to Total Addressable Market (TAM), Serviceable Addressable Market (SAM), and Share of Market (SOM) across various industries. From the challenges companies face in achieving their estimated market values to the staggering revenue figures of different sectors, these statistics shed light on the vast potential and pitfalls within the business landscape.
Statistic 1
"Only about 5% of companies end up actually achieving the total SAM or TAM estimated value."
Statistic 2
"The revenue of the global pharmaceutical industry, one measure of its TAM, reached over $1.27 trillion in 2020."
Statistic 3
"For B2B software companies, the median conversion rate from TAM to SOM is 1-3%."
Statistic 4
"The E-commerce international market size (TAM) was estimated at $4.28 trillion in 2020."
Statistic 5
"The global SAM for cancer drug sales is anticipated to reach around $250 billion by 2024."
Statistic 6
"The TAM for the fitness industry in the U.S. was estimated to be about $33.25 billion in 2019."
Statistic 7
"The SAM for electric vehicles in China is projected to reach around $900 billion by 2025."
Statistic 8
"The estimated SOM for Internet of Things (IoT) in healthcare is expected to reach $322.77 billion by 2025."
Statistic 9
"The TAM of the smartphone market worldwide was about $714.89 billion in 2020."
Statistic 10
"The global SAM for the renewable energy sector is predicted to reach $2.15 trillion by 2025."
Statistic 11
"The global TAM for AI (Artificial Intelligence) technologies was estimated to be $50.1 billion in 2020."
Statistic 12
"The TAM for advertisement spend in the U.S. was $240.7 billion in 2019."
Statistic 13
"Global ESG (Environmental, Social, and Governance) assets are set to exceed $53 trillion by 2025, representing more than a third of $140.5 trillion in total mutual fund assets, which is a significant TAM."
Statistic 14
"The SAM for digital payments in India is predicted to reach $1 trillion by 2023."