Mobile Offshore Drilling Unit (MODU) Market by Type and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022 Pages: 141 SKU: IRTNTR73007

The mobile offshore drilling unit (MODU) market share is expected to increase by USD 9.37 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.97%. This mobile offshore drilling unit (MODU) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The mobile offshore drilling unit (MODU) market report also offers information on several market vendors, including Aban Offshore Ltd., Borr Drilling Ltd., China International Marine Containers Group Ltd., China Oilfield Services Ltd., Diamond Offshore Drilling Inc., Fincantieri Spa, Hyundai Heavy Industries Group, Keppel Corporation Ltd., Lloyd Alman, Nabors Industries Ltd., Nestle Marine Drilling Ltd., Noble Corp. Plc, Northern Drilling Ltd., Odfjell Drilling Ltd., Parker Wellbore, Seadrill Ltd., Stena AB, The Drilling Co.of 1972 AS, Transocean Ltd., and Valaris Plc among others. Furthermore, this report extensively covers mobile offshore drilling unit (MODU) market segmentation by type (drillship, jack-up, and semi-submersible) and geography (North America, Middle East and Africa, APAC, South America, and Europe).

What will the Mobile Offshore Drilling Unit (MODU) Market Size be During the Forecast Period?

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Mobile Offshore Drilling Unit (MODU) Market: Key Drivers, Trends, and Challenges

The increase in oil and gas demand is notably driving the mobile offshore drilling unit (MODU) market growth, although factors such as environmental concerns associated with oil and gas E and P activities may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mobile offshore drilling unit (MODU) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mobile Offshore Drilling Unit (MODU) Market Driver

One of the key factors driving the global mobile offshore drilling unit (MODU) market growth is the increase in oil and gas demand due to rising industrialization and urbanization in developing countries such as India and China. According to The World Bank Group, the global annual percentage growth in value addition in the industrial sector, including the construction sector, increased from 2.19% in 2012 to 2.6% in 2020. The global urban population grew from 51.65% (of the total population) in 2010 to 61.4% in 2020, as per the World Bank Group. In addition, the global consumption of liquid fuel is expected to reach 103.04 mbpd by 2021. such factors will drive the growth of the MODU market during the forecast period.

Key Mobile Offshore Drilling Unit (MODU) Market Trend

Rise in deep water and ultra-deepwater E and P activities is one of the key mobile offshore drilling unit market trends that is expected to impact the industry positively in the forecast period. In offshore E and P, oil and gas companies have shifted their focus from shallow waters to deepwater and ultra-deepwater resources due to the presence of large untapped reserves. As of 2018, the average crude oil price must be above USD 60/barrel for deepwater and ultra-deepwater projects to remain profitable. Therefore, deepwater and ultra-deepwater projects are becoming more financially viable because of the increase in global crude oil prices. In addition, as per the US EIA, global offshore deepwater oil production will increase by 2.7 mbpd between 2017 and 2040. Such factors will stimulate the adoption of MODUs for offshore oil and gas E and P activities during the forecast period, thus contributing to the growth of the market.

Key Mobile Offshore Drilling Unit (MODU) Market Challenge

One of the key challenges to the global MODU industry growth is the environmental concerns associated with oil and gas E and P activities. Oil and gas drilling activities cause serious damage to the environment, including oil spills, air and water pollution due to toxic chemical emissions, and climate change because of methane emissions. Fracking also produces large amounts of wastewater containing dissolved chemicals and contaminants such as methane. The violation of laws or international mandates due to the spillage of oil or any oil-related products into the environment entails sizeable penalties, which may vary significantly, both at the regional and the international levels. Hydrocarbon agencies such as Colombia Agencia Nacional de Hidrocarburos and India Directorate General of Hydrocarbons and other safety organizations, such as the International Association of Oil & Gas Producers, play a crucial role in developing norms to provide greater consistency in safe practices in the oil and gas E and P sector. Such factors will limit the market growth in the forecast years.

This mobile offshore drilling unit (MODU) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global mobile offshore drilling unit(MODU) market as a part of the global oilfield equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mobile offshore drilling unit (MODU) market during the forecast period.

Who are the Major Mobile Offshore Drilling Unit (MODU) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Aban Offshore Ltd.
  • Borr Drilling Ltd.
  • China International Marine Containers Group Ltd.
  • China Oilfield Services Ltd.
  • Diamond Offshore Drilling Inc.
  • Fincantieri Spa
  • Hyundai Heavy Industries Group
  • Keppel Corporation Ltd.
  • Lloyd Alman
  • Nabors Industries Ltd.
  • Nestle Marine Drilling Ltd.
  • Noble Corp. Plc
  • Northern Drilling Ltd.
  • Odfjell Drilling Ltd.
  • Parker Wellbore
  • Seadrill Ltd.
  • Stena AB
  • The Drilling Co.of 1972 AS
  • Transocean Ltd.
  • Valaris Plc

 

This statistical study of the mobile offshore drilling unit (MODU) market encompasses successful business strategies deployed by the key vendors. The mobile offshore drilling unit (MODU) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Aban Offshore Ltd. - The company offers a self-elevating cantilever jack-up mobile offshore drilling unit.  
  • Aban Offshore Ltd. - Under the unified segment, the company is engaged primarily in the business of offshore drilling services. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mobile offshore drilling unit (MODU) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Mobile Offshore Drilling Unit (MODU) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the mobile offshore drilling unit (MODU) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Mobile Offshore Drilling Unit (MODU) Market?

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38% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for mobile offshore drilling units (MODU) in North America. Market growth in this region will be faster than the growth of the market in Europe and APAC.

The significant increase in oil and gas activities offshore and initiatives by governments to increase offshore E and P activities will facilitate the mobile offshore drilling unit (MODU) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 had a negative impact on the MODU market in North America. Due to the imposition of lockdowns and restrictions in the mass movement, the demand for crude oil reduced drastically in the first half of 2020. Moreover, the oil and gas prices decreased, which impacted oil companies in the region. However, post lifting of lockdowns, manufacturing operations of semisubmersible drilling rigs resumed, and oil and gas prices also recovered since 2021. This will help E and P companies to recover and increase investment in oil and gas projects. These factors are expected to recover the market in focus and lead to increased growth during the forecast period.

What are the Revenue-generating Type Segments in the Mobile Offshore Drilling Unit (MODU) Market?

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The mobile offshore drilling unit (MODU) market share growth by the drillship segment will be significant during the forecast period. Drillships are increasingly being used in offshore oil and gas E and P operations due to their capability to drill up to around 8,200 feet or deeper. Newly developed drillships can also drill down to 12,000 feet or deeper. Such factors will support the segment growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mobile offshore drilling unit (MODU) market size and actionable market insights on post COVID-19 impact on each segment.

 

Mobile Offshore Drilling Unit (MODU) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.97%

Market growth 2022-2026

$ 9.37 billion

Market structure

Fragmented

YoY growth (%)

10.57

Regional analysis

North America, Middle East and Africa, APAC, South America, and Europe

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, Saudi Arabia, Russia, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aban Offshore Ltd., Borr Drilling Ltd., China International Marine Containers Group Ltd., China Oilfield Services Ltd., Diamond Offshore Drilling Inc., Fincantieri Spa, Hyundai Heavy Industries Group, Keppel Corporation Ltd., Lloyd Alman, Nabors Industries Ltd., Nestle Marine Drilling Ltd., Noble Corp. Plc, Northern Drilling Ltd., Odfjell Drilling Ltd., Parker Wellbore, Seadrill Ltd., Stena AB, The Drilling Co.of 1972 AS, Transocean Ltd., and Valaris Plc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Mobile Offshore Drilling Unit (MODU) Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive mobile offshore drilling unit (MODU) market growth during the next five years
  • Precise estimation of the mobile offshore drilling unit (MODU) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mobile offshore drilling unit (MODU) industry across North America, Middle East and Africa, APAC, South America, and Europe
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mobile offshore drilling unit (MODU) market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Drillship - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Drillship - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Drillship - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Drillship - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Drillship - Year-over-year growth 2021-2026 (%)
    • 5.4 Jack-up - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Jack-up - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Jack-up - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Jack-up - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Jack-up - Year-over-year growth 2021-2026 (%)
    • 5.5 Semisubmersible - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Semisubmersible - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Semisubmersible - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Semisubmersible - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Semisubmersible - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Saudi Arabia - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Russia - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Aban Offshore Ltd.
              • Exhibit 93: Aban Offshore Ltd. - Overview
              • Exhibit 94: Aban Offshore Ltd. - Product / Service
              • Exhibit 95: Aban Offshore Ltd. - Key offerings
            • 10.4 Borr Drilling Ltd.
              • Exhibit 96: Borr Drilling Ltd. - Overview
              • Exhibit 97: Borr Drilling Ltd. - Business segments
              • Exhibit 98: Borr Drilling Ltd. - Key offerings
              • Exhibit 99: Borr Drilling Ltd. - Segment focus
            • 10.5 China Oilfield Services Ltd.
              • Exhibit 100: China Oilfield Services Ltd. - Overview
              • Exhibit 101: China Oilfield Services Ltd. - Business segments
              • Exhibit 102: China Oilfield Services Ltd. - Key offerings
              • Exhibit 103: China Oilfield Services Ltd. - Segment focus
            • 10.6 Diamond Offshore Drilling Inc.
              • Exhibit 104: Diamond Offshore Drilling Inc. - Overview
              • Exhibit 105: Diamond Offshore Drilling Inc. - Product / Service
              • Exhibit 106: Diamond Offshore Drilling Inc. - Key offerings
            • 10.7 Fincantieri Spa
              • Exhibit 107: Fincantieri Spa - Overview
              • Exhibit 108: Fincantieri Spa - Business segments
              • Exhibit 109: Fincantieri Spa - Key offerings
              • Exhibit 110: Fincantieri Spa - Segment focus
            • 10.8 Hyundai Heavy Industries Group
              • Exhibit 111: Hyundai Heavy Industries Group - Overview
              • Exhibit 112: Hyundai Heavy Industries Group - Business segments
              • Exhibit 113: Hyundai Heavy Industries Group - Key offerings
              • Exhibit 114: Hyundai Heavy Industries Group - Segment focus
            • 10.9 Keppel Corporation Ltd.
              • Exhibit 115: Keppel Corporation Ltd. - Overview
              • Exhibit 116: Keppel Corporation Ltd. - Product / Service
              • Exhibit 117: Keppel Corporation Ltd. - Key offerings
            • 10.10 Nabors Industries Ltd.
              • Exhibit 118: Nabors Industries Ltd. - Overview
              • Exhibit 119: Nabors Industries Ltd. - Business segments
              • Exhibit 120: Nabors Industries Ltd. - Key news
              • Exhibit 121: Nabors Industries Ltd. - Key offerings
              • Exhibit 122: Nabors Industries Ltd. - Segment focus
            • 10.11 Noble Corp. Plc
              • Exhibit 123: Noble Corp. Plc - Overview
              • Exhibit 124: Noble Corp. Plc - Business segments
              • Exhibit 125: Noble Corp. Plc - Key news
              • Exhibit 126: Noble Corp. Plc - Key offerings
              • Exhibit 127: Noble Corp. Plc - Segment focus
            • 10.12 Transocean Ltd.
              • Exhibit 128: Transocean Ltd. - Overview
              • Exhibit 129: Transocean Ltd. - Business segments
              • Exhibit 130: Transocean Ltd. - Key offerings
              • Exhibit 131: Transocean Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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