Private Narrowband IoT Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Private Narrowband IoT Market covers analysis By Device Type (Smart Meter, Smart Lightning, Smart Parking, Alarm and Detector, Others); Industry Vertical (Healthcare, Infrastructure, Agriculture, Automotive, Energy and Utilities, Manufacturing, Consumer Electronics, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00026352
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Private Narrowband IoT Market Insights and Growth by 2031

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MARKET OVERVIEW

Private narrowband IoT is a low-power wide-area network technology that is being developed to enable a wide range of new IoT devices and services. The private narrowband IoT reduces user device power consumption, increases system capacity, and enhances spectrum efficiency. Mobile operators have been deploying network capabilities that enable narrowband-IoT coverage for their consumers in recent years, which has boosted industry growth. Smart metering (water, electricity, and gas), intruder and fire alarms for commercial properties, facility management services, and tracking of people, animals, or objects are just a few of the applications for NB-IOT. Private NB-IoT provides greater coverage and security than its competitors, fueling industry growth.

MARKET SCOPE

The "Global Private narrowband IOT Market Analysis to 2031" is a specialized and in-depth study of the private narrowband IOT market with a special focus on the global market trend analysis. The report aims to provide an overview of private narrowband IOT market with detailed market segmentation by device type, industry vertical, and geography. The global private narrowband IOT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading private narrowband IOT market players and offers key trends and opportunities in the private narrowband IOT market.

MARKET SEGMENTATION

  •   The global private narrowband IOT market is segmented on the basis device type, industry vertical.
  •   On the basis of device type, the market is segmented as smart meter, smart lightning, smart parking, alarm & detector, and others.
  •   On the basis of industry vertical the market is segmented into healthcare, infrastructure, agriculture, automotive, energy & utilities, manufacturing, consumer electronics, and others.

MARKET DYNAMICS
Drivers:

  •   Growing market in Asia-Pacific.
  •   Growth in commercial projects in developing economies.

Restraints:

  •   Low speed data transmission applications and privacy & security concerns.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The private narrowband IOT market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the private narrowband IOT market in these regions.

IMPACT OF COVID-19 ON PRIVATE NARROWBAND IOT MARKET

The demand for private narrow band IoT solutions is anticipated to decline in the COVID-19 period, owing to recent government regulations. However, once the situation gets better and economy gets back on track, it is expected that the demand for NB-IoT would grow during the forecast period. The healthcare segment is expected to witness demand for NB-IoT solutions as these are also deployed in personal appliances measuring health parameters.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The private narrowband IOT market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the private narrowband IOT market in these regions.

IMPACT OF COVID-19 ON PRIVATE NARROWBAND IOT MARKET

The demand for private narrow band IoT solutions is anticipated to decline in the COVID-19 period, owing to recent government regulations. However, once the situation gets better and economy gets back on track, it is expected that the demand for NB-IoT would grow during the forecast period. The healthcare segment is expected to witness demand for NB-IoT solutions as these are also deployed in personal appliances measuring health parameters.

MARKET PLAYERS

The report covers key developments in the private narrowband IOT market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from IOT in warehousemarket market are anticipated to lucrative growth opportunities in the future with the rising demand for private narrowband iot market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the private narrowband IOT market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Altair Semiconductor
  •   AT&T
  •   Cellco Partnership (Verizon Wireless)
  •   Huawei Technologies Co., Ltd.
  •   Intel Corporation
  •   MediaTek Inc.
  •   Nokia
  •   Sequans
  •   T-Mobile US, Inc.
  •   Vodafone Group PLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Private Narrowband IoT Market - By Device Type
1.3.2 Private Narrowband IoT Market - By Industry Vertical
1.3.3 Private Narrowband IoT Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. PRIVATE NARROWBAND IOT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. PRIVATE NARROWBAND IOT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. PRIVATE NARROWBAND IOT MARKET - GLOBAL MARKET ANALYSIS
6.1. PRIVATE NARROWBAND IOT - GLOBAL MARKET OVERVIEW
6.2. PRIVATE NARROWBAND IOT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. PRIVATE NARROWBAND IOT MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
7.1. OVERVIEW
7.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. SMART METER
7.3.1. Overview
7.3.2. Smart Meter Market Forecast and Analysis
7.4. SMART LIGHTNING
7.4.1. Overview
7.4.2. Smart Lightning Market Forecast and Analysis
7.5. SMART PARKING
7.5.1. Overview
7.5.2. Smart Parking Market Forecast and Analysis
7.6. ALARM AND DETECTOR
7.6.1. Overview
7.6.2. Alarm and Detector Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. PRIVATE NARROWBAND IOT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. HEALTHCARE
8.3.1. Overview
8.3.2. Healthcare Market Forecast and Analysis
8.4. INFRASTRUCTURE
8.4.1. Overview
8.4.2. Infrastructure Market Forecast and Analysis
8.5. AGRICULTURE
8.5.1. Overview
8.5.2. Agriculture Market Forecast and Analysis
8.6. AUTOMOTIVE
8.6.1. Overview
8.6.2. Automotive Market Forecast and Analysis
8.7. ENERGY AND UTILITIES
8.7.1. Overview
8.7.2. Energy and Utilities Market Forecast and Analysis
8.8. MANUFACTURING
8.8.1. Overview
8.8.2. Manufacturing Market Forecast and Analysis
8.9. CONSUMER ELECTRONICS
8.9.1. Overview
8.9.2. Consumer Electronics Market Forecast and Analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others Market Forecast and Analysis

9. PRIVATE NARROWBAND IOT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Private Narrowband IoT Market Overview
9.1.2 North America Private Narrowband IoT Market Forecasts and Analysis
9.1.3 North America Private Narrowband IoT Market Forecasts and Analysis - By Device Type
9.1.4 North America Private Narrowband IoT Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Private Narrowband IoT Market Forecasts and Analysis - By Countries
9.1.5.1 United States Private Narrowband IoT Market
9.1.5.1.1 United States Private Narrowband IoT Market by Device Type
9.1.5.1.2 United States Private Narrowband IoT Market by Industry Vertical
9.1.5.2 Canada Private Narrowband IoT Market
9.1.5.2.1 Canada Private Narrowband IoT Market by Device Type
9.1.5.2.2 Canada Private Narrowband IoT Market by Industry Vertical
9.1.5.3 Mexico Private Narrowband IoT Market
9.1.5.3.1 Mexico Private Narrowband IoT Market by Device Type
9.1.5.3.2 Mexico Private Narrowband IoT Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Private Narrowband IoT Market Overview
9.2.2 Europe Private Narrowband IoT Market Forecasts and Analysis
9.2.3 Europe Private Narrowband IoT Market Forecasts and Analysis - By Device Type
9.2.4 Europe Private Narrowband IoT Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Private Narrowband IoT Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Private Narrowband IoT Market
9.2.5.1.1 Germany Private Narrowband IoT Market by Device Type
9.2.5.1.2 Germany Private Narrowband IoT Market by Industry Vertical
9.2.5.2 France Private Narrowband IoT Market
9.2.5.2.1 France Private Narrowband IoT Market by Device Type
9.2.5.2.2 France Private Narrowband IoT Market by Industry Vertical
9.2.5.3 Italy Private Narrowband IoT Market
9.2.5.3.1 Italy Private Narrowband IoT Market by Device Type
9.2.5.3.2 Italy Private Narrowband IoT Market by Industry Vertical
9.2.5.4 United Kingdom Private Narrowband IoT Market
9.2.5.4.1 United Kingdom Private Narrowband IoT Market by Device Type
9.2.5.4.2 United Kingdom Private Narrowband IoT Market by Industry Vertical
9.2.5.5 Russia Private Narrowband IoT Market
9.2.5.5.1 Russia Private Narrowband IoT Market by Device Type
9.2.5.5.2 Russia Private Narrowband IoT Market by Industry Vertical
9.2.5.6 Rest of Europe Private Narrowband IoT Market
9.2.5.6.1 Rest of Europe Private Narrowband IoT Market by Device Type
9.2.5.6.2 Rest of Europe Private Narrowband IoT Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Private Narrowband IoT Market Overview
9.3.2 Asia-Pacific Private Narrowband IoT Market Forecasts and Analysis
9.3.3 Asia-Pacific Private Narrowband IoT Market Forecasts and Analysis - By Device Type
9.3.4 Asia-Pacific Private Narrowband IoT Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Private Narrowband IoT Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Private Narrowband IoT Market
9.3.5.1.1 Australia Private Narrowband IoT Market by Device Type
9.3.5.1.2 Australia Private Narrowband IoT Market by Industry Vertical
9.3.5.2 China Private Narrowband IoT Market
9.3.5.2.1 China Private Narrowband IoT Market by Device Type
9.3.5.2.2 China Private Narrowband IoT Market by Industry Vertical
9.3.5.3 India Private Narrowband IoT Market
9.3.5.3.1 India Private Narrowband IoT Market by Device Type
9.3.5.3.2 India Private Narrowband IoT Market by Industry Vertical
9.3.5.4 Japan Private Narrowband IoT Market
9.3.5.4.1 Japan Private Narrowband IoT Market by Device Type
9.3.5.4.2 Japan Private Narrowband IoT Market by Industry Vertical
9.3.5.5 South Korea Private Narrowband IoT Market
9.3.5.5.1 South Korea Private Narrowband IoT Market by Device Type
9.3.5.5.2 South Korea Private Narrowband IoT Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Private Narrowband IoT Market
9.3.5.6.1 Rest of Asia-Pacific Private Narrowband IoT Market by Device Type
9.3.5.6.2 Rest of Asia-Pacific Private Narrowband IoT Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Private Narrowband IoT Market Overview
9.4.2 Middle East and Africa Private Narrowband IoT Market Forecasts and Analysis
9.4.3 Middle East and Africa Private Narrowband IoT Market Forecasts and Analysis - By Device Type
9.4.4 Middle East and Africa Private Narrowband IoT Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Private Narrowband IoT Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Private Narrowband IoT Market
9.4.5.1.1 South Africa Private Narrowband IoT Market by Device Type
9.4.5.1.2 South Africa Private Narrowband IoT Market by Industry Vertical
9.4.5.2 Saudi Arabia Private Narrowband IoT Market
9.4.5.2.1 Saudi Arabia Private Narrowband IoT Market by Device Type
9.4.5.2.2 Saudi Arabia Private Narrowband IoT Market by Industry Vertical
9.4.5.3 U.A.E Private Narrowband IoT Market
9.4.5.3.1 U.A.E Private Narrowband IoT Market by Device Type
9.4.5.3.2 U.A.E Private Narrowband IoT Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Private Narrowband IoT Market
9.4.5.4.1 Rest of Middle East and Africa Private Narrowband IoT Market by Device Type
9.4.5.4.2 Rest of Middle East and Africa Private Narrowband IoT Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Private Narrowband IoT Market Overview
9.5.2 South and Central America Private Narrowband IoT Market Forecasts and Analysis
9.5.3 South and Central America Private Narrowband IoT Market Forecasts and Analysis - By Device Type
9.5.4 South and Central America Private Narrowband IoT Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Private Narrowband IoT Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Private Narrowband IoT Market
9.5.5.1.1 Brazil Private Narrowband IoT Market by Device Type
9.5.5.1.2 Brazil Private Narrowband IoT Market by Industry Vertical
9.5.5.2 Argentina Private Narrowband IoT Market
9.5.5.2.1 Argentina Private Narrowband IoT Market by Device Type
9.5.5.2.2 Argentina Private Narrowband IoT Market by Industry Vertical
9.5.5.3 Rest of South and Central America Private Narrowband IoT Market
9.5.5.3.1 Rest of South and Central America Private Narrowband IoT Market by Device Type
9.5.5.3.2 Rest of South and Central America Private Narrowband IoT Market by Industry Vertical

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. PRIVATE NARROWBAND IOT MARKET, KEY COMPANY PROFILES
11.1. ALTAIR SEMICONDUCTOR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AT AND T
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CELLCO PARTNERSHIP (VERIZON WIRELESS)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HUAWEI TECHNOLOGIES CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. INTEL CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MEDIATEK INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NOKIA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SEQUANS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TELEFONAKTIEBOLAGET LM ERICSSON
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VODAFONE GROUP PLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.Altair Semiconductor
2.AT and T
3.Cellco Partnership (Verizon Wireless)
4.Huawei Technologies Co., Ltd.
5.Intel Corporation
6.MediaTek Inc.
7.Nokia
8.Sequans
9.Telefonaktiebolaget LM Ericsson
10.Vodafone Group PLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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