Satellite M2M and IoT Network Market Size, Share, Growth, Trends, and Forecast by 2031

Coverage: Satellite M2M and IoT Network Market covers analysis by Frequency Band (L-Band, Ku- and Ka- Band, Others); End-user (Government and Defense, Transportation and Logistics, Aerospace, Heavy Industries, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00010356
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Satellite M2M and IoT Network Market Size and Share: 2031

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The Satellite M2M and IoT Network Market is expected to register a CAGR of 32.38% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

Satellite M2M and IoT Network Market report covers the latest trends and upcoming technologies by studying key parameters such as advanced network and cost management, data storage capacity, network architecture, machine-to machine communications, minimum control object, data rate, frequency, product type, and variant type. The report covers a comprehensive analysis and accurately forecasts the complete Satellite M2M and IoT Network market through 2031.

Purpose of the Report

The report Satellite M2M and IoT Network Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Satellite M2M and IoT Network Market Segmentation

Frequency Band
  • L-Band
  • Ku- and Ka-Band
End-user
  • Government and Defense
  • Transportation and Logistics
  • Aerospace
  • Heavy Industries

Strategic Insights

Satellite M2M and IoT Network Market Growth Drivers
  • Increasing needs for satellite connectivity: The Satellite M2M and IoT Network Market is emerging and expected to grow substantially as increasing needs for satellite connectivity for remote areas and underserved locations are becoming prominent in various industries; such as for monitoring agricultural equipment, tracking vehicles on road and off-road, monitoring drilling activities in oil and gas industry.
  • Need for better monitoring: The need for better monitoring and management of assets and operations is growing, while terrestrial networks are not able to provide coverage in those areas.
  • Government Initiatives and Investment in Satellite Connectivity: Governments worldwide are increasingly investing in satellite infrastructure to improve connectivity, especially in rural or underserved areas. This support helps drive the expansion of satellite IoT and M2M networks, as they are seen as essential for national security, emergency response, and economic development.
Satellite M2M and IoT Network Market Future Trends
  • Technological Advancements: Trends such as the technological advancements in satellite technology, like the introduction of Low Earth Orbit (LEO) satellites with low latency and high connectivity is likely to drive the adoption of satellite M2M and IoT network Market.
  • AI and Big Data: The synergy of artificial intelligence and big data analytics is also driving the adoption as it has empowered businesses to gain essential insights using data collected from IoT. Another parameter where there is a rising trend is hybridized connectivity, made up of a combination of satellite and terrestrial networks that adds flexibility and reliability to the connectivity.
  • Hybrid Network Models: Incorporating satellite networks with terrestrial communication systems is becoming one of the key trends that guarantee seamless connectivity even at remote locations.
  • Satellite Technology Advancement: New innovations in small satellites, reusable launch vehicles, and miniaturized components are reducing the costs and enabling more frequent satellite deployments.
Satellite M2M and IoT Network Market Opportunities
  • Remote Monitoring: The Satellite M2M and IoT Network Market is a huge opportunity, particularly for those sectors where it is critical to acquire rich data and robust communication and monitoring from remote locations.
  • Development of Perticular Niche: Since connectivity is fast becoming a global basic resource, there are plenty of opportunities for companies to work with technology vendors in their particular niche to rapidly extend their services.
  • Focus on greater sustainability: Additionally, the greater focus on sustainability particularly environmental monitoring, has also started creating new opportunities for satellite solutions, which are increasingly being deployed in areas such as agriculture and wildlife conservation. This report identifies potential strategies and niches for companies to grow a market position and capture new opportunities, in a highly compelling sector.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Satellite M2M and IoT Network Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Satellite M2M and IoT Network Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What are the deliverable formats of the Satellite M2M and IoT Network Market report?

The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.

What are the options available for the customization of this report?

Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.

Which are key players in the Satellite M2M and IoT Network Market?

Key players in this market are - Eutelsat Communications SA, Globalstar Inc, Inmarsat Global Limited, Iridium Communications Inc, KORE Wireless Group, OHB SE, ORBCOMM Inc, Thales Group, Viasat Inc

What are future trends in Satellite M2M and IoT Network Market?

Satellite M2M and IoT Network Trends will look at the evolution of satellite technology, focusing on how Low Earth Orbit satellites are increasing flexibility, reliability and data insights, further enabling adoption in industrial sectors.

What is expected CAGR in Satellite M2M and IoT Network Market?

The market is expected to register a CAGR of 32.38% during 2023-2031

What are factors impacting on Satellite M2M and IoT Network Market growth?

One of the driving factors for the Satellite M2M and IoT Network Market is the need for connectivity in hard-to-reach places. There is a growing need for reliable monitoring solutions for agriculture, transportation, as well as energy sectors where terrestrial networks are inadequate and this is driving the demand for satellite-based connectivity.

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 Satellite M2M And IoT Network Market - By Frequency Band
1.3.2 Satellite M2M And IoT Network Market - By End-user
1.3.3 Satellite M2M And IoT Network Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SATELLITE M2M AND IOT NETWORK 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. SATELLITE M2M AND IOT NETWORK 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. SATELLITE M2M AND IOT NETWORK MARKET - GLOBAL MARKET ANALYSIS
6.1. SATELLITE M2M AND IOT NETWORK - GLOBAL MARKET OVERVIEW
6.2. SATELLITE M2M AND IOT NETWORK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SATELLITE M2M AND IOT NETWORK MARKET - REVENUE AND FORECASTS TO 2028 - FREQUENCY BAND
7.1. OVERVIEW
7.2. FREQUENCY BAND MARKET FORECASTS AND ANALYSIS
7.3. L-BAND
7.3.1. Overview
7.3.2. L-Band Market Forecast and Analysis
7.4. KU- AND KA- BAND
7.4.1. Overview
7.4.2. Ku- and Ka- Band Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SATELLITE M2M AND IOT NETWORK MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. GOVERNMENT AND DEFENSE
8.3.1. Overview
8.3.2. Government and Defense Market Forecast and Analysis
8.4. TRANSPORTATION AND LOGISTICS
8.4.1. Overview
8.4.2. Transportation and Logistics Market Forecast and Analysis
8.5. AEROSPACE
8.5.1. Overview
8.5.2. Aerospace Market Forecast and Analysis
8.6. HEAVY INDUSTRIES
8.6.1. Overview
8.6.2. Heavy Industries Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. SATELLITE M2M AND IOT NETWORK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Satellite M2M And IoT Network Market Overview
9.1.2 North America Satellite M2M And IoT Network Market Forecasts and Analysis
9.1.3 North America Satellite M2M And IoT Network Market Forecasts and Analysis - By Frequency Band
9.1.4 North America Satellite M2M And IoT Network Market Forecasts and Analysis - By End-user
9.1.5 North America Satellite M2M And IoT Network Market Forecasts and Analysis - By Countries
9.1.5.1 United States Satellite M2M And IoT Network Market
9.1.5.1.1 United States Satellite M2M And IoT Network Market by Frequency Band
9.1.5.1.2 United States Satellite M2M And IoT Network Market by End-user
9.1.5.2 Canada Satellite M2M And IoT Network Market
9.1.5.2.1 Canada Satellite M2M And IoT Network Market by Frequency Band
9.1.5.2.2 Canada Satellite M2M And IoT Network Market by End-user
9.1.5.3 Mexico Satellite M2M And IoT Network Market
9.1.5.3.1 Mexico Satellite M2M And IoT Network Market by Frequency Band
9.1.5.3.2 Mexico Satellite M2M And IoT Network Market by End-user
9.2. EUROPE
9.2.1 Europe Satellite M2M And IoT Network Market Overview
9.2.2 Europe Satellite M2M And IoT Network Market Forecasts and Analysis
9.2.3 Europe Satellite M2M And IoT Network Market Forecasts and Analysis - By Frequency Band
9.2.4 Europe Satellite M2M And IoT Network Market Forecasts and Analysis - By End-user
9.2.5 Europe Satellite M2M And IoT Network Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Satellite M2M And IoT Network Market
9.2.5.1.1 Germany Satellite M2M And IoT Network Market by Frequency Band
9.2.5.1.2 Germany Satellite M2M And IoT Network Market by End-user
9.2.5.2 France Satellite M2M And IoT Network Market
9.2.5.2.1 France Satellite M2M And IoT Network Market by Frequency Band
9.2.5.2.2 France Satellite M2M And IoT Network Market by End-user
9.2.5.3 Italy Satellite M2M And IoT Network Market
9.2.5.3.1 Italy Satellite M2M And IoT Network Market by Frequency Band
9.2.5.3.2 Italy Satellite M2M And IoT Network Market by End-user
9.2.5.4 United Kingdom Satellite M2M And IoT Network Market
9.2.5.4.1 United Kingdom Satellite M2M And IoT Network Market by Frequency Band
9.2.5.4.2 United Kingdom Satellite M2M And IoT Network Market by End-user
9.2.5.5 Russia Satellite M2M And IoT Network Market
9.2.5.5.1 Russia Satellite M2M And IoT Network Market by Frequency Band
9.2.5.5.2 Russia Satellite M2M And IoT Network Market by End-user
9.2.5.6 Rest of Europe Satellite M2M And IoT Network Market
9.2.5.6.1 Rest of Europe Satellite M2M And IoT Network Market by Frequency Band
9.2.5.6.2 Rest of Europe Satellite M2M And IoT Network Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Satellite M2M And IoT Network Market Overview
9.3.2 Asia-Pacific Satellite M2M And IoT Network Market Forecasts and Analysis
9.3.3 Asia-Pacific Satellite M2M And IoT Network Market Forecasts and Analysis - By Frequency Band
9.3.4 Asia-Pacific Satellite M2M And IoT Network Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Satellite M2M And IoT Network Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Satellite M2M And IoT Network Market
9.3.5.1.1 Australia Satellite M2M And IoT Network Market by Frequency Band
9.3.5.1.2 Australia Satellite M2M And IoT Network Market by End-user
9.3.5.2 China Satellite M2M And IoT Network Market
9.3.5.2.1 China Satellite M2M And IoT Network Market by Frequency Band
9.3.5.2.2 China Satellite M2M And IoT Network Market by End-user
9.3.5.3 India Satellite M2M And IoT Network Market
9.3.5.3.1 India Satellite M2M And IoT Network Market by Frequency Band
9.3.5.3.2 India Satellite M2M And IoT Network Market by End-user
9.3.5.4 Japan Satellite M2M And IoT Network Market
9.3.5.4.1 Japan Satellite M2M And IoT Network Market by Frequency Band
9.3.5.4.2 Japan Satellite M2M And IoT Network Market by End-user
9.3.5.5 South Korea Satellite M2M And IoT Network Market
9.3.5.5.1 South Korea Satellite M2M And IoT Network Market by Frequency Band
9.3.5.5.2 South Korea Satellite M2M And IoT Network Market by End-user
9.3.5.6 Rest of Asia-Pacific Satellite M2M And IoT Network Market
9.3.5.6.1 Rest of Asia-Pacific Satellite M2M And IoT Network Market by Frequency Band
9.3.5.6.2 Rest of Asia-Pacific Satellite M2M And IoT Network Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Satellite M2M And IoT Network Market Overview
9.4.2 Middle East and Africa Satellite M2M And IoT Network Market Forecasts and Analysis
9.4.3 Middle East and Africa Satellite M2M And IoT Network Market Forecasts and Analysis - By Frequency Band
9.4.4 Middle East and Africa Satellite M2M And IoT Network Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Satellite M2M And IoT Network Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Satellite M2M And IoT Network Market
9.4.5.1.1 South Africa Satellite M2M And IoT Network Market by Frequency Band
9.4.5.1.2 South Africa Satellite M2M And IoT Network Market by End-user
9.4.5.2 Saudi Arabia Satellite M2M And IoT Network Market
9.4.5.2.1 Saudi Arabia Satellite M2M And IoT Network Market by Frequency Band
9.4.5.2.2 Saudi Arabia Satellite M2M And IoT Network Market by End-user
9.4.5.3 U.A.E Satellite M2M And IoT Network Market
9.4.5.3.1 U.A.E Satellite M2M And IoT Network Market by Frequency Band
9.4.5.3.2 U.A.E Satellite M2M And IoT Network Market by End-user
9.4.5.4 Rest of Middle East and Africa Satellite M2M And IoT Network Market
9.4.5.4.1 Rest of Middle East and Africa Satellite M2M And IoT Network Market by Frequency Band
9.4.5.4.2 Rest of Middle East and Africa Satellite M2M And IoT Network Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Satellite M2M And IoT Network Market Overview
9.5.2 South and Central America Satellite M2M And IoT Network Market Forecasts and Analysis
9.5.3 South and Central America Satellite M2M And IoT Network Market Forecasts and Analysis - By Frequency Band
9.5.4 South and Central America Satellite M2M And IoT Network Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Satellite M2M And IoT Network Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Satellite M2M And IoT Network Market
9.5.5.1.1 Brazil Satellite M2M And IoT Network Market by Frequency Band
9.5.5.1.2 Brazil Satellite M2M And IoT Network Market by End-user
9.5.5.2 Argentina Satellite M2M And IoT Network Market
9.5.5.2.1 Argentina Satellite M2M And IoT Network Market by Frequency Band
9.5.5.2.2 Argentina Satellite M2M And IoT Network Market by End-user
9.5.5.3 Rest of South and Central America Satellite M2M And IoT Network Market
9.5.5.3.1 Rest of South and Central America Satellite M2M And IoT Network Market by Frequency Band
9.5.5.3.2 Rest of South and Central America Satellite M2M And IoT Network Market by End-user

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. SATELLITE M2M AND IOT NETWORK MARKET, KEY COMPANY PROFILES
11.1. EUTELSAT COMMUNICATIONS SA
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. GLOBALSTAR, INC.
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. INMARSAT GLOBAL LIMITED
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. IRIDIUM COMMUNICATIONS INC.
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. KORE WIRELESS GROUP
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. OHB SE
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. ORBCOMM INC.
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. THALES GROUP
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. VIASAT INC.
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 LIMITED
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. Eutelsat Communications SA
2. Globalstar, Inc.
3. Inmarsat Global Limited
4. Iridium Communications Inc.
5. KORE Wireless Group
6. OHB SE
7. ORBCOMM Inc.
8. Thales Group
9. Viasat Inc.
10. Vodafone Limited

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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