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Narrowband-Internet of Things Market By Component, By Deployment mode, By Application, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 283 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751141
The narrowband-internet of things (NB-IoT) is a low-power wide-area technology developed to enable a wide range of new IoT devices and services for consumers. In addition, it improves the power consumption of devices, system capacity, and spectrum efficiency, especially in deep coverage. Moreover, it is supported by all major mobile equipment, chipset, and module manufacturers. Furthermore, it can co-exist with 2G, 3G, and 4G mobile networks and support all the security and privacy features of mobile networks, such as support for user identity confidentiality, entity authentication, confidentiality, and mobile equipment identification.

Increasing adoption of IoT along with better battery life for other connected devices and winding applications of NB-IoT Technology is boosting the growth of the narrowband-internet of things (NB-IoT) market. In addition, the rapid development in IoT industry and rising demand for new cellular communication technology positively impact the growth of the narrowband-internet of things (NB-IoT) market. However, the stringent competition from alternate technologies and the lack of standardization of IoT regulations is hampering the narrowband internet of things (NB-IoT) market growth. On the contrary, increased investments by technology companies and telecommunications service providers is expected to offer remunerative opportunities for the expansion of the narrowband-internet of things (NB-IoT) market during the forecast period.

The Narrowband- internet of things (NB-IoT) industry is segmented on the basis of component, deployment mode, application, industry vertical and region. On the basis of the component, the market is categorized into solution, and service. By deployment mode, it is classified into in-band, guard band, and standalone. By application, it is divided into smart meter, smart parking, alarm and detector, smart lighting, tracker, wearable, and others. By industry vertical, it is classified into infrastructure, agriculture, automotive, healthcare, energy and utilities, manufacturing, consumer electronics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the narrowband-internet of things (NB-IoT) market are Huawei Technologies Co., Ltd., Intel Corporation, MediaTek Inc, Verizon Communications Inc., Vodafone Group plc, AT&T Inc., Nokia Corporation, Orange S.A., Qualcomm Technologies, Inc., and Telefonaktiebolaget LM Ericsson. These players have adopted various Strategies to increase their market penetration and strengthen their position in the narrowband internet of things industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global narrowband-internet of things (NB-IoT) market forecast along with the current and future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on global narrowband-internet of things (NB-IoT) market trend is provided in the report.
  • The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Component

  • Solution
  • Service

By Deployment mode

  • In-Band
  • Guard Band
  • Standalone

By Application

  • Smart Meter
  • Smart Parking
  • Alarm and Detector
  • Smart Lighting
  • Tracker
  • Wearable

By Industry Vertical

  • Infrastructure
  • Agriculture
  • Automotive
  • Healthcare
  • Energy and Utilities
  • Manufacturing
  • Consumer Electronics

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Intel Corporation
  • MediaTek Inc
  • Vodafone Group plc
  • AT&T Inc.
  • Orange S.A.
  • Qualcomm Technologies, Inc.
  • Huawei Technologies Co., Ltd.
  • Verizon Communications Inc.
  • Nokia Corporation
  • Telefonaktiebolaget LM Ericsson

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1. Increasing adoption of IoT along with better battery life for other connected devices
3.4.1.2. Winding applications of NB-IoT Technology
3.4.1.3. Rapid development in IoT industry and rising demand for new cellular communication technology
3.4.2.Restraints
3.4.2.1. Stringent competition from alternate technologies
3.4.2.2. The lack of standardization of IoT regulations
3.4.3.Opportunities
3.4.3.1. Increased investments by technology companies and telecommunications service providers
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: NARROWBAND-INTERNET OF THINGS (NB-IOT) MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2. Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: NARROWBAND-INTERNET OF THINGS (NB-IOT) MARKET, BY DEPLOYMENT MODE
5.1 Overview
5.1.1 Market size and forecast
5.2. In-Band
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Guard Band
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Standalone
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country

CHAPTER 6: NARROWBAND-INTERNET OF THINGS (NB-IOT) MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2. Smart Meter
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Smart Parking
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Alarm and Detector
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5. Smart Lighting
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6. Tracker
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
6.7. Wearable
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market share analysis by country
6.8. Others
6.8.1 Key market trends, growth factors and opportunities
6.8.2 Market size and forecast, by region
6.8.3 Market share analysis by country

CHAPTER 7: NARROWBAND-INTERNET OF THINGS (NB-IOT) MARKET, BY INDUSTRY VERTICAL
7.1 Overview
7.1.1 Market size and forecast
7.2. Infrastructure
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3. Agriculture
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4. Automotive
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5. Healthcare
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6. Energy and Utilities
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country
7.7. Manufacturing
7.7.1 Key market trends, growth factors and opportunities
7.7.2 Market size and forecast, by region
7.7.3 Market share analysis by country
7.8. Consumer Electronics
7.8.1 Key market trends, growth factors and opportunities
7.8.2 Market size and forecast, by region
7.8.3 Market share analysis by country
7.9. Others
7.9.1 Key market trends, growth factors and opportunities
7.9.2 Market size and forecast, by region
7.9.3 Market share analysis by country

CHAPTER 8: NARROWBAND-INTERNET OF THINGS (NB-IOT) MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Component
8.2.3 North America Market size and forecast, by Deployment mode
8.2.4 North America Market size and forecast, by Application
8.2.5 North America Market size and forecast, by Industry Vertical
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Component
8.2.6.1.3 Market size and forecast, by Deployment mode
8.2.6.1.4 Market size and forecast, by Application
8.2.6.1.5 Market size and forecast, by Industry Vertical
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Component
8.2.6.2.3 Market size and forecast, by Deployment mode
8.2.6.2.4 Market size and forecast, by Application
8.2.6.2.5 Market size and forecast, by Industry Vertical
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Component
8.3.3 Europe Market size and forecast, by Deployment mode
8.3.4 Europe Market size and forecast, by Application
8.3.5 Europe Market size and forecast, by Industry Vertical
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Component
8.3.6.1.3 Market size and forecast, by Deployment mode
8.3.6.1.4 Market size and forecast, by Application
8.3.6.1.5 Market size and forecast, by Industry Vertical
8.3.6.2 Germany
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Component
8.3.6.2.3 Market size and forecast, by Deployment mode
8.3.6.2.4 Market size and forecast, by Application
8.3.6.2.5 Market size and forecast, by Industry Vertical
8.3.6.3 France
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Component
8.3.6.3.3 Market size and forecast, by Deployment mode
8.3.6.3.4 Market size and forecast, by Application
8.3.6.3.5 Market size and forecast, by Industry Vertical
8.3.6.4 Spain
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Component
8.3.6.4.3 Market size and forecast, by Deployment mode
8.3.6.4.4 Market size and forecast, by Application
8.3.6.4.5 Market size and forecast, by Industry Vertical
8.3.6.5 Italy
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Component
8.3.6.5.3 Market size and forecast, by Deployment mode
8.3.6.5.4 Market size and forecast, by Application
8.3.6.5.5 Market size and forecast, by Industry Vertical
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Component
8.3.6.6.3 Market size and forecast, by Deployment mode
8.3.6.6.4 Market size and forecast, by Application
8.3.6.6.5 Market size and forecast, by Industry Vertical
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Component
8.4.3 Asia-Pacific Market size and forecast, by Deployment mode
8.4.4 Asia-Pacific Market size and forecast, by Application
8.4.5 Asia-Pacific Market size and forecast, by Industry Vertical
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Component
8.4.6.1.3 Market size and forecast, by Deployment mode
8.4.6.1.4 Market size and forecast, by Application
8.4.6.1.5 Market size and forecast, by Industry Vertical
8.4.6.2 Japan
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Component
8.4.6.2.3 Market size and forecast, by Deployment mode
8.4.6.2.4 Market size and forecast, by Application
8.4.6.2.5 Market size and forecast, by Industry Vertical
8.4.6.3 South Korea
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Component
8.4.6.3.3 Market size and forecast, by Deployment mode
8.4.6.3.4 Market size and forecast, by Application
8.4.6.3.5 Market size and forecast, by Industry Vertical
8.4.6.4 India
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Component
8.4.6.4.3 Market size and forecast, by Deployment mode
8.4.6.4.4 Market size and forecast, by Application
8.4.6.4.5 Market size and forecast, by Industry Vertical
8.4.6.5 Australia
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Component
8.4.6.5.3 Market size and forecast, by Deployment mode
8.4.6.5.4 Market size and forecast, by Application
8.4.6.5.5 Market size and forecast, by Industry Vertical
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Component
8.4.6.6.3 Market size and forecast, by Deployment mode
8.4.6.6.4 Market size and forecast, by Application
8.4.6.6.5 Market size and forecast, by Industry Vertical
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Component
8.5.3 LAMEA Market size and forecast, by Deployment mode
8.5.4 LAMEA Market size and forecast, by Application
8.5.5 LAMEA Market size and forecast, by Industry Vertical
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Component
8.5.6.1.3 Market size and forecast, by Deployment mode
8.5.6.1.4 Market size and forecast, by Application
8.5.6.1.5 Market size and forecast, by Industry Vertical
8.5.6.2 Middle East
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Component
8.5.6.2.3 Market size and forecast, by Deployment mode
8.5.6.2.4 Market size and forecast, by Application
8.5.6.2.5 Market size and forecast, by Industry Vertical
8.5.6.3 Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Component
8.5.6.3.3 Market size and forecast, by Deployment mode
8.5.6.3.4 Market size and forecast, by Application
8.5.6.3.5 Market size and forecast, by Industry Vertical

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1 Intel Corporation
10.1.1 Company overview
10.1.2 Key Executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 MediaTek Inc
10.2.1 Company overview
10.2.2 Key Executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 Vodafone Group plc
10.3.1 Company overview
10.3.2 Key Executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 AT&T Inc.
10.4.1 Company overview
10.4.2 Key Executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Orange S.A.
10.5.1 Company overview
10.5.2 Key Executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.5.7 Key strategic moves and developments
10.6 Qualcomm Technologies, Inc.
10.6.1 Company overview
10.6.2 Key Executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Business performance
10.6.7 Key strategic moves and developments
10.7 Huawei Technologies Co., Ltd.
10.7.1 Company overview
10.7.2 Key Executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.7.7 Key strategic moves and developments
10.8 Verizon Communications Inc.
10.8.1 Company overview
10.8.2 Key Executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Business performance
10.8.7 Key strategic moves and developments
10.9 Nokia Corporation
10.9.1 Company overview
10.9.2 Key Executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.9.6 Business performance
10.9.7 Key strategic moves and developments
10.10 Telefonaktiebolaget LM Ericsson
10.10.1 Company overview
10.10.2 Key Executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio
10.10.6 Business performance
10.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 2. Narrowband-Internet of Things (Nb-IoT) Market for Solution, by Region, 2021-2031 (Revenue, $Million)
Table 3. Narrowband-Internet of Things (Nb-IoT) Market for Service, by Region, 2021-2031 (Revenue, $Million)
Table 4. Global Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 5. Narrowband-Internet of Things (Nb-IoT) Market for In-Band, by Region, 2021-2031 (Revenue, $Million)
Table 6. Narrowband-Internet of Things (Nb-IoT) Market for Guard Band, by Region, 2021-2031 (Revenue, $Million)
Table 7. Narrowband-Internet of Things (Nb-IoT) Market for Standalone, by Region, 2021-2031 (Revenue, $Million)
Table 8. Global Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 9. Narrowband-Internet of Things (Nb-IoT) Market for Smart Meter, by Region, 2021-2031 (Revenue, $Million)
Table 10. Narrowband-Internet of Things (Nb-IoT) Market for Smart Parking, by Region, 2021-2031 (Revenue, $Million)
Table 11. Narrowband-Internet of Things (Nb-IoT) Market for Alarm and Detector, by Region, 2021-2031 (Revenue, $Million)
Table 12. Narrowband-Internet of Things (Nb-IoT) Market for Smart Lighting, by Region, 2021-2031 (Revenue, $Million)
Table 13. Narrowband-Internet of Things (Nb-IoT) Market for Tracker, by Region, 2021-2031 (Revenue, $Million)
Table 14. Narrowband-Internet of Things (Nb-IoT) Market for Wearable, by Region, 2021-2031 (Revenue, $Million)
Table 15. Narrowband-Internet of Things (Nb-IoT) Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 16. Global Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 17. Narrowband-Internet of Things (Nb-IoT) Market for Infrastructure, by Region, 2021-2031 (Revenue, $Million)
Table 18. Narrowband-Internet of Things (Nb-IoT) Market for Agriculture, by Region, 2021-2031 (Revenue, $Million)
Table 19. Narrowband-Internet of Things (Nb-IoT) Market for Automotive, by Region, 2021-2031 (Revenue, $Million)
Table 20. Narrowband-Internet of Things (Nb-IoT) Market for Healthcare, by Region, 2021-2031 (Revenue, $Million)
Table 21. Narrowband-Internet of Things (Nb-IoT) Market for Energy and Utilities, by Region, 2021-2031 (Revenue, $Million)
Table 22. Narrowband-Internet of Things (Nb-IoT) Market for Manufacturing, by Region, 2021-2031 (Revenue, $Million)
Table 23. Narrowband-Internet of Things (Nb-IoT) Market for Consumer Electronics, by Region, 2021-2031 (Revenue, $Million)
Table 24. Narrowband-Internet of Things (Nb-IoT) Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 25. Narrowband-Internet of Things (Nb-IoT) Market, by Region, 2021-2031 (Revenue, $Million)
Table 26. North America Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 27. North America Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 28. North America Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 29. North America Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 30. North America Narrowband-Internet of Things (Nb-IoT) Market, by Country, 2021-2031 (Revenue, $Million)
Table 31. U.S. Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 32. U.S. Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 33. U.S. Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 34. U.S. Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 35. Canada Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 36. Canada Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 37. Canada Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 38. Canada Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 39. Europe Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 40. Europe Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 41. Europe Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 42. Europe Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 43. Europe Narrowband-Internet of Things (Nb-IoT) Market, by Country, 2021-2031 (Revenue, $Million)
Table 44. UK Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 45. UK Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 46. UK Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 47. UK Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 48. Germany Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 49. Germany Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 50. Germany Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 51. Germany Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 52. France Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 53. France Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 54. France Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 55. France Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 56. Spain Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 57. Spain Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 58. Spain Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 59. Spain Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 60. Italy Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 61. Italy Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 62. Italy Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 63. Italy Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 64. Rest of Europe Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 65. Rest of Europe Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 66. Rest of Europe Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 67. Rest of Europe Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 68. Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 69. Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 70. Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 71. Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 72. Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Country, 2021-2031 (Revenue, $Million)
Table 73. China Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 74. China Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 75. China Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 76. China Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 77. Japan Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 78. Japan Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 79. Japan Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 80. Japan Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 81. South Korea Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 82. South Korea Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 83. South Korea Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 84. South Korea Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 85. India Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 86. India Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 87. India Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 88. India Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 89. Australia Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 90. Australia Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 91. Australia Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 92. Australia Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 93. Rest of Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 94. Rest of Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 95. Rest of Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 96. Rest of Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 97. LAMEA Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 98. LAMEA Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 99. LAMEA Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 100. LAMEA Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 101. LAMEA Narrowband-Internet of Things (Nb-IoT) Market, by Country, 2021-2031 (Revenue, $Million)
Table 102. Latin America Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 103. Latin America Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 104. Latin America Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 105. Latin America Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 106. Middle East Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 107. Middle East Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 108. Middle East Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 109. Middle East Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 110. Africa Narrowband-Internet of Things (Nb-IoT) Market, by Component, 2021-2031 (Revenue, $Million)
Table 111. Africa Narrowband-Internet of Things (Nb-IoT) Market, by Deployment Mode, 2021-2031 (Revenue, $Million)
Table 112. Africa Narrowband-Internet of Things (Nb-IoT) Market, by Application, 2021-2031 (Revenue, $Million)
Table 113. Africa Narrowband-Internet of Things (Nb-IoT) Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 114. Intel Corporation: Key Executives
Table 115. Intel Corporation: Company Snapshot
Table 116. Intel Corporation: Operating Segments
Table 117. Intel Corporation: Product Portfolio
Table 118. Intel Corporation: Net Sales
Table 119. Intel Corporation: Key Strategies
Table 120. Mediatek Inc.: Key Executives
Table 121. Mediatek Inc.: Company Snapshot
Table 122. Mediatek Inc.: Operating Segments
Table 123. Mediatek Inc.: Product Portfolio
Table 124. Mediatek Inc.: Net Sales
Table 125. Mediatek Inc.: Key Strategies
Table 126. Vodafone Group PLC: Key Executives
Table 127. Vodafone Group PLC: Company Snapshot
Table 128. Vodafone Group PLC: Operating Segments
Table 129. Vodafone Group PLC: Product Portfolio
Table 130. Vodafone Group PLC: Net Sales
Table 131. Vodafone Group PLC: Key Strategies
Table 132. AT&T Inc.: Key Executives
Table 133. AT&T Inc.: Company Snapshot
Table 134. AT&T Inc.: Operating Segments
Table 135. AT&T Inc.: Product Portfolio
Table 136. AT&T Inc.: Net Sales
Table 137. AT&T Inc.: Key Strategies
Table 138. Orange SA: Key Executives
Table 139. Orange SA: Company Snapshot
Table 140. Orange SA: Operating Segments
Table 141. Orange SA: Product Portfolio
Table 142. Orange SA: Net Sales
Table 143. Orange SA: Key Strategies
Table 144. Qualcomm Technologies, Inc. : Key Executives
Table 145. Qualcomm Technologies, Inc. : Company Snapshot
Table 146. Qualcomm Technologies, Inc. : Operating Segments
Table 147. Qualcomm Technologies, Inc. : Product Portfolio
Table 148. Qualcomm Technologies, Inc. : Net Sales
Table 149. Qualcomm Technologies, Inc. : Key Strategies
Table 150. Huawei Technologies Co. Ltd.: Key Executives
Table 151. Huawei Technologies Co. Ltd.: Company Snapshot
Table 152. Huawei Technologies Co. Ltd.: Operating Segments
Table 153. Huawei Technologies Co. Ltd.: Product Portfolio
Table 154. Huawei Technologies Co. Ltd.: Net Sales
Table 155. Huawei Technologies Co. Ltd.: Key Strategies
Table 156. Verizon Communications Inc.: Key Executives
Table 157. Verizon Communications Inc.: Company Snapshot
Table 158. Verizon Communications Inc.: Operating Segments
Table 159. Verizon Communications Inc.: Product Portfolio
Table 160. Verizon Communications Inc.: Net Sales
Table 161. Verizon Communications Inc.: Key Strategies
Table 162. Nokia Corporation: Key Executives
Table 163. Nokia Corporation: Company Snapshot
Table 164. Nokia Corporation: Operating Segments
Table 165. Nokia Corporation: Product Portfolio
Table 166. Nokia Corporation: Net Sales
Table 167. Nokia Corporation: Key Strategies
Table 168. Telefonaktiebolaget Lm Ericsson: Key Executives
Table 169. Telefonaktiebolaget Lm Ericsson: Company Snapshot
Table 170. Telefonaktiebolaget Lm Ericsson: Operating Segments
Table 171. Telefonaktiebolaget Lm Ericsson: Product Portfolio
Table 172. Telefonaktiebolaget Lm Ericsson: Net Sales
Table 173. Telefonaktiebolaget Lm Ericsson: Key Strategies

List of Figures
Figure 1. Segmentation of Narrowband-Internet of Things (Nb-IoT) Market,2021-2031
Figure 2. Narrowband-Internet of Things (Nb-IoT) Market,2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Narrowband-Internet of Things (Nb-IoT) Market:Drivers, Restraints and Opportunities
Figure 10. Narrowband-Internet of Things (Nb-IoT) Market,By Component,2021(%)
Figure 11. Comparative Share Analysis of Solution Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 12. Comparative Share Analysis of Service Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 13. Narrowband-Internet of Things (Nb-IoT) Market,By Deployment Mode,2021(%)
Figure 14. Comparative Share Analysis of In-Band Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 15. Comparative Share Analysis of Guard Band Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 16. Comparative Share Analysis of Standalone Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 17. Narrowband-Internet of Things (Nb-IoT) Market,By Application,2021(%)
Figure 18. Comparative Share Analysis of Smart Meter Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 19. Comparative Share Analysis of Smart Parking Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 20. Comparative Share Analysis of Alarm and Detector Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 21. Comparative Share Analysis of Smart Lighting Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 22. Comparative Share Analysis of Tracker Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 23. Comparative Share Analysis of Wearable Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 24. Comparative Share Analysis of Others Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 25. Narrowband-Internet of Things (Nb-IoT) Market,By Industry Vertical,2021(%)
Figure 26. Comparative Share Analysis of Infrastructure Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 27. Comparative Share Analysis of Agriculture Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 28. Comparative Share Analysis of Automotive Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 29. Comparative Share Analysis of Healthcare Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 30. Comparative Share Analysis of Energy and Utilities Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 31. Comparative Share Analysis of Manufacturing Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 32. Comparative Share Analysis of Consumer Electronics Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 33. Comparative Share Analysis of Others Narrowband-Internet of Things (Nb-IoT) Market, 2021 and 2031(%)
Figure 34. Narrowband-Internet of Things (Nb-IoT) Market by Region,2021
Figure 35. U.S. Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 36. Canada Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 37. UK Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 38. Germany Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 39. France Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 40. Spain Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 41. Italy Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 42. Rest of Europe Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 43. China Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 44. Japan Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 45. South Korea Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 46. India Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 47. Australia Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 48. Rest of Asia-Pacific Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 49. Latin America Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 50. Middle East Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 51. Africa Narrowband-Internet of Things (Nb-IoT) Market,2021-2031($Million)
Figure 52. Top Winning Strategies, by Year
Figure 53. Top Winning Strategies, by Development
Figure 54. Top Winning Strategies, by Company
Figure 55. Product Mapping of Top 10 Players
Figure 56. Competitive Dashboard
Figure 57. Competitive Heatmap of Top 10 Key Players
Figure 58. Top Player Positioning, 2021
Figure 59. Intel Corporation.: Net Sales ($Million)
Figure 60. Mediatek Inc.: Net Sales ($Million)
Figure 61. Vodafone Group PLC.: Net Sales ($Million)
Figure 62. AT&T Inc..: Net Sales ($Million)
Figure 63. Orange SA.: Net Sales ($Million)
Figure 64. Qualcomm Technologies, Inc. .: Net Sales ($Million)
Figure 65. Huawei Technologies Co. Ltd..: Net Sales ($Million)
Figure 66. Verizon Communications Inc..: Net Sales ($Million)
Figure 67. Nokia Corporation.: Net Sales ($Million)
Figure 68. Telefonaktiebolaget Lm Ericsson.: Net Sales ($Million)

Executive Summary

According to the report titled, 'Narrowband-Internet of Things (NB-IoT) Market,' the narrowband-internet of things (nb-iot) market was valued at $634.34 million in 2021, and is estimated to reach $32.5 billion by 2031, growing at a CAGR of 48.4% from 2022 to 2031.

Narrowband-IoT (NB-IoT) is an emerging wireless IoT communication technology that can connect IoT devices over a wider area and in places that are difficult to access manually using limited bandwidth. The power-efficient NB-IoT modules help in ensuring a long battery life of approximately ten years as they consume minimal power for signal processing operations.

Key factors driving the growth of the Narrowband-Internet of things (NB-IoT) market include Increasing adoption of IoT along with better battery life for other connected devices, winding applications of NB-IoT Technology, and rapid development in IoT industry and rising demand for new cellular communication technology. The increased development in IoT industry and rise in demand for new cellular communication technology across developed economies is fueling the demand for such a product where the evolving business Strategies of technology providing innovative offerings of IoT low power wide area application boost market growth. In addition, rise in low power wide area is specifically designed for connecting devices with using low power, low bandwidth requirement, while providing wider network coverage. Millions of devices are predicted to be connected via low powered wide area. Networks in the next few years due to its benefits of extended coverages and long battery life in IoT integrated devices increasing the demand for NB-IoT market during the forecast year.

The market also offers growth opportunities to the key players in the market. The increased investments by technology companies and telecommunications service providers across developed economies are fueling the demand for such an NB-IoT where the evolving business Strategies of manufacturers providing innovative offerings of cellular technologies boost the market growth. In addition, telecommunication makers are experimenting with different form factors for their in-band and out-band signaling. For instance, in September 2021, Deutsche Telekom, SoftBank and other investors invested $50m in IoT carrier of 1NCE. In addition, it provides the tools to scale and manage IoT deployments efficiently, while providing a transparent cost structure. This tackles a problem that too often stands in the way of mass IoT deployments. The reduction of complexity, implementation time, and cost should allow users to speed up time-to-market and drive their business. Moreover, according to a survey conducted Global Mobile Suppliers Association (GSA) in February 2022, 140 operators have deployed or launched NB-IoT or the competing LTE-M network in 64 countries. Furthermore, companies are actively working on IoT use cases involving both NB-IoT and LTE-M, and the market has seen a boost from the greater need for remote operations during the pandemic.

The Narrowband-Internet of things (NB-IoT) market is segmented into component, deployment mode, application, industry vertical and region. On the basis of the component, the market is categorized into solution, and service. By deployment mode, it is classified into in-band, guard band, and standalone. By application, it is divided into smart meter, smart parking, alarm and detector, smart lighting, tracker, wearable, and, others. By industry vertical, it is classified into infrastructure, agriculture, automotive, healthcare, energy and utilities, manufacturing, consumer electronics, and others. Region wise, it is analyzed across North America (the U.S., Canada), Europe (the UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in the study include Huawei Technologies Co., Ltd., Intel Corporation, MediaTek Inc, Verizon Communications Inc., Vodafone Group plc, AT&T Inc., Nokia Corporation, Orange S.A., Qualcomm Technologies, Inc., and Telefonaktiebolaget LM Ericsson. The players in the market have been actively engaged in the adoption various Strategies such as acquisition, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in August 2020, Skylo a Satellite network provider partnered with Sony Semiconductor Israel (formerly Altair Semiconductor) to develop and cellular IoT chipsets that connect via geostationary satellites using the 5G NB-IoT protocol.

Key Market Insights

By component, the solution segment was the highest revenue contributor to the market, and is estimated to reach $ 19,738.77 million by 2031, with a CAGR of 47.5%. However, the service segment is estimated to be the fastest growing segment with the CAGR of 49,9% during the forecast period.

By deployment type, the in-band segment dominated the global market, and is estimated to reach $ 13,619.47 million by 2031, with a CAGR of 46.8%. However, the Standalone segment is expected to be the fastest growing segment with the CAGR 50.3% during the Narrowband-Internet of things (NB-IoT) Market Forecast.

Based on region, North America was the highest revenue contributor, accounting for $ 226.08 million in 2021, and is estimated to reach $ 10,131.45 million by 2031, with a CAGR of 46.40%.

Companies Mentioned

  • Intel Corporation
  • MediaTek Inc
  • Vodafone Group plc
  • AT&T Inc.
  • Orange S.A.
  • Qualcomm Technologies, Inc.
  • Huawei Technologies Co., Ltd.
  • Verizon Communications Inc.
  • Nokia Corporation
  • Telefonaktiebolaget LM Ericsson

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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