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IoT Communication Protocol Market by Connectivity Technology (Wi-Fi, Bluetooth, Zigbee, Bluetooth Smart), End-Use Application (Consumer Electronics, Automotive & Transportation, Building Automation, Healthcare), Region - Global Forecast to 2022

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Date: 01-Jul-2016
No. of pages: 204
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“Increasing connected devices is expected to drive the IoT communication protocol market during the forecast period”   

The IoT communication protocol market, in terms of value, is expected to grow from USD 11.44 billion in 2015 to USD 15.80 billion by 2022, at a CAGR of 4.7% between 2016 and 2022.    

The IoT communication market is driven by factors such as increasing Internet connectivity worldwide, increasing demand for the smart phones and other connected devices, higher adoption of wireless sensors, and mainstreaming of cloud computing. The increasing government funding across globe for research and development in IoT and scope for innovative cross-domain application provide significant growth opportunities in the market.    

 “Building automation application expected to drive the IoT communication protocol market in the near future”   

The consumer electronics application is expected to hold the largest share of the IoT communication protocol market by 2022, whereas the building automation application is expected to witness highest growth between 2016 and 2022. The IoT communication market in consumer electronics segment is expected to hold significant share owing to the emergence of a number of smart appliances that can connect to the Internet and smart phones. The growing concern for conservation of energy coupled with the rising cost of energy has led to the increase in the demand for energy-efficient buildings. Building automation helps to increase the energy efficiency of the building and it can also help to enhance the security and safety in buildings. This factor has led to the growth in demand for building automation.

“The IoT communication protocol market in the APAC region to grow at the highest rate during the forecast period”

Countries such as China, India, and Japan are aggressively taking initiatives such as heavy investments in R&D to encourage the adoption of Internet of Things in the region, which is expected to boost the demand for IoT chip in the near future. The market in the APAC comprises developing economies such as China and India—which have a huge potential for the applications of Internet of Things—and Japan, which is home to many large companies such as Fujitsu Ltd. and Toyota Motor Corporation. These emerging markets are driving the growth of the IoT communication protcol market in APAC.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profile of primary participants has been given below:


  • By Company Type: Tier 1 – 50 %, Tier 2 – 20%, and Tier 3 – 30%

  • By Designation: C-Level Executives– 40%, Directors– 35%, and Others – 25%

  • By Region: North America – 15%, Europe – 30%, APAC – 40%, and RoW – 15%


Major players in the IoT communication protocol market are STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (Netherlands), Synopsys, Inc. (U.S.), CEVA, Inc. (U.S.), Texas Instruments, Inc. (U.S.), MediaTek Inc. (Taiwan), EnOcean GmbH (Germany), GainSpan Corp. (U.S.), Atmel Corp. (U.S.), and Mindtree Corp. (India).

Reasons to Buy the Report:


  • The report would help the market leaders/new entrants in this market in the following ways:

  • This report segments the IoT communication protocol market comprehensively provides the closest approximations of the market sizes for the overall market and sub-segments across the different verticals and regions.

  • The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

IoT Communication Protocol Market by Connectivity Technology (Wi-Fi, Bluetooth, Zigbee, Bluetooth Smart), End-Use Application (Consumer Electronics, Automotive & Transportation, Building Automation, Healthcare), Region - Global Forecast to 2022

Table of Content

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Growth of Connected Living
2.2.2.2 Energy Savings Through IoT
2.2.2.3 Internet of Things (IoT) has Tremendous Potential for Applications in Several Major Sectors
2.2.3 Supply-Side Analysis
2.2.3.1 Vendors’ Strategies in Developing Various Products in Consumer Market
2.2.3.2 Supporting Service Providers for Internet of Things (IoT)
2.3 Market Size Estimation
2.3.1 Bottom–Up Approach
2.3.2 Top–Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Growth Drivers for the IoT Communication Protocol Market
4.2 Market, By Region
4.3 IoT Communication Protcol Market, By Application and Region
4.4 Market, By Connectivity Protocol, 2016–2022

5 Market Overview
5.1 Introduction
5.2 Evolution of Internet of Things
5.3 Market Segmentation
5.3.1 Market , By Connectivity Technology
5.3.2 Market , By End-Use Application
5.3.3 Market, By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Expansion of Internet Connectivity
5.4.1.2 Continuous Growth in Demand for Smartphones and Other Connectivity Devices
5.4.1.3 Mainstreaming of Cloud Computing
5.4.1.4 Expansion in Use of Wireless Sensors and Low-Power Wide-Area Networks (Lpwa) Network
5.4.2 Restraints
5.4.2.1 Lack of Common Communication Standards Across Platforms
5.4.2.2 Frequent Replacement of Batteries and High Power Consumption By Connected Devices
5.4.3 Opportunities
5.4.3.1 Significant Government Funding Across Globe for Research and Development of Internet of Things
5.4.3.2 Opportunities for Innovative Cross Domain Application
5.4.4 Challenges
5.4.4.1 Security and Privacy of the Information

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat From New Entrants
6.3.2 Bargaining Power of Suppliers
6.3.3 Threat of Substitute
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Rivarly
6.4 Pest Analysis
6.4.1 Political Factor
6.4.2 Economical Factor
6.4.3 Social Factor
6.4.4 Technological Factor

7 IoT Communication Protocol, By Connectivity Technology
7.1 Introduction
7.2 Wi-Fi
7.3 Bluetooth
7.4 Bluetooth Smart
7.5 Wi-Fi/Bluetooth Smart
7.6 Bluetooth Smart/ANT+
7.7 ZigBee
7.8 Near Field Communication (NFC)
7.9 Global Navigation Satellite System (GNSS)
7.10 Enocean
7.11 ANT+
7.12 Cellular
7.13 Wireless Highway Addressable Remote Transducer Protocol (WHART)
7.14 Others

8 IoT Communication Protocol Market, By End-Use Application
8.1 Introduction
8.2 Wearable Devices
8.2.1 Introduction
8.2.2 Wearable Devices Market, By Type
8.2.2.1 Wristwear
8.2.2.1.1 Wristwatches
8.2.2.1.2 Wristbands
8.2.2.2 Eyewear
8.2.2.2.1 Smart Glasses and Goggles
8.2.2.2.2 Contact Lenses and Other Displays
8.2.2.3 Footwear
8.2.2.3.1 Casual Footwear
8.2.2.3.2 Special-Application Footwear
8.2.2.4 Neckwear
8.2.2.4.1 Fashion and Jewelry
8.2.2.4.2 Tie and Collar Wear
8.2.2.5 Bodywear
8.2.2.5.1 Clothing and Innerwear
8.2.2.5.2 Fashion and Apparel
8.2.2.5.3 Arm and Legwear
8.2.3 Market, By Connectivity Technology
8.2.3.1 ANT+/Bluetooth Smart
8.2.3.2 Bluetooth Smart /Wi–Fi
8.3 Healthcare
8.3.1 Introduction
8.3.2 Market, By Connectivity Technology
8.3.2.1 ANT+
8.3.2.2 Bluetooth Smart
8.3.2.3 ZigBee
8.4 Automotive & Transportation
8.4.1 Introduction
8.4.2 Market, By Connectivity Technology
8.4.2.1 802.15.4 (ZigBee)
8.4.2.2 802.11 (Wi-Fi)
8.4.2.3 Bluetooth
8.4.2.4 Wimax
8.4.2.5 Cellular
8.4.3 Market, By Product
8.4.3.1 Ultrasonic Sensors
8.4.3.2 Cameras (Image Sensors)
8.4.3.3 Lidar
8.4.3.4 Radar
8.4.3.5 Inductive Loop
8.4.3.6 Magnetic Detector
8.4.3.7 IR Detector
8.4.3.8 Acoustic Sensors
8.5 Building Automation
8.5.1 Introduction
8.5.2 Building Automation Market, By Type
8.5.2.1 Commercial Building Automation
8.5.2.1.1 Hospitals & Healthcare
8.5.2.1.2 Retail & Public Assembly
8.5.2.1.3 Office Buildings
8.5.2.2 Residential Building Automation/ Smart Homes
8.5.2.2.1 Diy (Do It Yourself) Home Automation
8.5.3 Market, By Product
8.5.3.1 Occupancy Sensors
8.5.3.2 Daylight Sensors
8.5.3.3 Smart Thermostats
8.5.3.4 IP Cameras
8.5.3.5 Smart Meters
8.5.3.6 Smart Locks
8.5.3.7 Smoke Detectors
8.5.3.8 Lighting Control Actuators
8.5.4 Market, By Connectivity Technology
8.5.4.1 ZigBee
8.5.4.2 Z-Wave
8.5.4.3 Wi-Fi
8.5.4.4 Bluetooth
8.5.4.5 NFC
8.5.4.6 Cellular
8.5.4.7 Enocean
8.6 Industrial
8.6.1 Introduction
8.6.2 Market, By Connectivity Technology
8.6.2.1 Wireless Hart + ZigBee
8.6.2.2 Wi-Fi + BLE
8.6.2.3 ISA100
8.6.2.4 Others
8.7 Consumer Electronics
8.7.1 Introduction
8.7.2 Market, By Type
8.7.2.1 Consumer Devices
8.7.2.1.1 Smartphone
8.7.2.1.2 Smart Tv
8.7.2.1.3 Home Theater Projectors
8.7.2.1.4 Next-Generation Gaming Console
8.7.2.1.4.1 7th Generation
8.7.2.1.4.2 8th Generation
8.7.2.1.5 Set-Top Boxes
8.7.2.1.5.1 IPTV Stbs
8.7.2.1.5.2 Hybrid/Dtt Stbs
8.7.2.1.6 Laptops & Tablets
8.7.2.1.7 Others
8.7.2.2 Consumer Appliances
8.7.2.2.1 Washing Machine
8.7.2.2.2 Refrigerator
8.7.2.2.3 Oven
8.7.2.2.4 Dishwasher
8.7.2.2.5 Others
8.7.3 Market, By Connectivity Technology
8.7.3.1 Wi-Fi
8.7.3.2 Wi-Fi + Ethernet
8.7.3.3 Wi-Fi + NFC
8.7.3.4 Wi-Fi + Bluetooth + Ethernet
8.8 Precision Farming
8.8.1 Market, By Connectivity Technology
8.8.1.1 GNSS/Gps
8.8.1.2 Cellular
8.8.1.3 Wi–Fi

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 U.K.
9.3.2 France
9.3.3 Germany
9.3.4 Italy
9.4 Asia–Pacific (APAC)
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.5 Rest of the World (RoW)

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Situation and Trends
10.3.1 New Product Devlopment
10.3.2 Agreement, Partnership and Collaboration
10.3.3 Acquisition (2015–2016)

11 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
11.1 Introduction
11.2 Ceva, Inc.
11.3 Synopsys, Inc.
11.4 NXP Semiconductors N.V.
11.5 Stmicroelectronics N.V.
11.6 Texas Instruments Inc.
11.7 Mediatek Inc.
11.8 Enocean GmbH
11.9 Gainspan Corporation
11.10 Atmel Corporation
11.11 Mindtree Ltd.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports

List of Tables

Table 1 IoT Communication Protocol Market, By Region, 2013–2022 (USD Million)
Table 2 Market: By Connectivity Technology
Table 3 Market Segmentation: By End-Use Application
Table 4 Market Segmentation: By Region
Table 5 Comparison of Wireless Connectivity Technologies
Table 6 IoT Communication Protocol Market, By Connectivity Technology, 2013–2022 (USD Million)
Table 7 Market for Wi-Fi Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 8 Market for Bluetooth Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 9 Market for Bluetooth Smart Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 10 Market for Wi-Fi/ Bluetooth Smart Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 11 Market for Bluetooth Smart/ ANT+ Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 12 Market for ZigBee Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 13 Market for NFC Connectivity Technology Protocol, By End-Use Application, 2013–2022 (USD Million)
Table 14 IoT Communication Protocol Market for GNSS Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 15 Market for Enocean Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 16 Market for ANT+ Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 17 Market for Cellular Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 18 IoT Communication Protocol Market for WHART Connectivity Technology Protocol, By End-Use Application, 2013–2022 (USD Million)
Table 19 Market for Other Connectivity Technology, By End-Use Application, 2013–2022 (USD Million)
Table 20 IoT Communication Protocol Market, By End-Use Application, 2013–2022 (USD Million)
Table 21 Market for Wearable Devices, By Type, 2013–2022 (USD Million)
Table 22 Market for Wearable Devices , By Technology, 2013–2022 (USD Million)
Table 23 Market for Wearable Devices , By Region, 2013–2022 (USD Million)
Table 24 Market for Healthcare Application, By Technology, 2013–2022 (USD Million)
Table 25 Market for Healthcare , By Region, 2013–2022 (USD Million)
Table 26 Market for Automotive & Transportation Application, By Technology, 2013–2022 (USD Million)
Table 27 Ultrasonic Sensors Market for Automotive & Transportation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 28 Cameras (Image Sensors) Market for Automotive & Transportation Application, By Connectivity Technology 2013–2022 (USD Million)
Table 29 Lidar Market for Automotive & Transportation Application, By Connectivity Technology 2013–2022 (USD Million)
Table 30 Radar Market for Automotive & Transportation Application, By Connectivity Technology 2013–2022 (USD Million)
Table 31 Inductive Loop Market for Automotive & Transportation Application, By Connectivity Technology 2013–2022 (USD Million)
Table 32 Magnetic Detector Market for Automotive & Transportation Application, By Connectivity Technology 2013–2022 (USD Million)
Table 33 IR Detector Market for Automotive & Transportation, By Connectivity Technology 2013–2022 (USD Million)
Table 34 Acoustic Sensors Market for Automotive & Transportation Application, By Connectivity Technology 2013–2022 (USD Million)
Table 35 IoT Communication Protocol Market for Automotive & Transportation Application, By Region, 2013–2022 (USD Million)
Table 36 Market for Building Autoimation Application, By Technology, 2013–2022 (USD Million)
Table 37 Market for Building Automation Application, By Type, 2013–2022 (USD Million)
Table 38 Occupancy Sensors Market for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 39 Daylight Sensor Market for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 40 Smart Thermostats for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 41 IP Cameras Market for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 42 Smart Meters Market for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 43 Smart Locks Market for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Thousand)
Table 44 Smoke Detectors Market for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 45 Lighting Control Actuators Market for Building Automation Application, By Connectivity Technology, 2013–2022 (USD Million)
Table 46 IoT Communication Protocol Market for Commercial Building Automation Application, By Component, 2013–2022 (USD Million)
Table 47 Market for Residential Building Automation Application, By Component, 2013–2022 (USD Million)
Table 48 Market for Building Automation Application, By Region, 2013–2022 (USD Million)
Table 49 Market for Industrial Application, By Technology, 2013–2022 (USD Million)
Table 50 Market for Industrial Application, By Region, 2013–2022 (USD Million)
Table 51 Market for Consumer Electronics Application, By Technology, 2013–2022 (USD Million)
Table 52 IoT Communication Protocol Market for Consumer Electronics Application, By Type, 2013–2022 (USD Million)
Table 53 Market for Smartphone Consumer Device, By Technology, 2013–2022 (USD Million)
Table 54 Market for Smart Tv Consumer Device, By Technology, 2013–2022 (USD Million)
Table 55 Market for Home Theater Projector Consumer Devices, By Technology, 2013–2022 (USD Million)
Table 56 Market for Next-Generation Gaming Console, By Technology, 2013–2022 (USD Million)
Table 57 IoT Communication Protocol Market for Set-Top Boxes, By Technology, 2013–2022 (USD Million)
Table 58 Market for Laptops & Tablets, By Technology, 2013–2022 (USD Million)
Table 59 Market for Others, By Technology, 2013–2022 (USD Million)
Table 60 Market for Washing Machine, By Technology, 2013–2022 (USD Million)
Table 61 Market for Refrigerator, By Technology, 2013–2022 (USD Million)
Table 62 Market for Oven, By Technology, 2013–2022 (USD Million)
Table 63 IoT Communication Protocol Market for Dishwasher, By Technology, 2013–2022 (USD Million)
Table 64 Market for Others, By Technology, 2013–2022 (USD Million)
Table 65 Market for Consumer Electronics, By Region, 2013–2022 (USD Million)
Table 66 Market for Precision Farming, By Technology, 2013–2022 (USD Million)
Table 67 Market for Precison Farming , By Region, 2013–2022 (USD Million)
Table 68 IoT Communication Protocol Market, By Region, 2013–2022 (USD Million)
Table 69 Market in North America, By End-Use Application, 2013–2022 (USD Million)
Table 70 Market in Europe, By End-Use Application, 2013–2022 (USD Million)
Table 71 Market in APAC, By End-Use Application, 2013–2022 (USD Million)
Table 72 Market in RoW, By End-Use Application, 2013–2022 (USD Million)
Table 73 Market Ranking of the Top 5 Players in the Market
Table 74 New Product Devlopment (2015–2016)
Table 75 Agreement, Partnership and Collaboration (2015–2016)
Table 76 Acquisition

List of Figures

Figure 1 IoT Communication Protocol Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom–Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Consumer Electronics Held the Largest Market and Expected to Dominate During the Forecast Period
Figure 6 Wi–Fi Expected to Dominate the Market During Forecast Period
Figure 7 IoT Communication Protocol Market, Market Share (2015)
Figure 8 North America Expected to Lead the IoT Communication Protcol Market During Forecast Period
Figure 9 Growing Building Automation Industries and Wearable Devices Market Expected to Drive the Market During the Forecast Period
Figure 10 The Market in APAC Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 11 North America Expected to Lead the IoT Communication Protocol Market During Forecast Period
Figure 12 Wi-Fi Technology to Hold the Largest Market During the Forecast Period
Figure 13 Market Segmentation
Figure 14 Growing Demand for Cloud-Based Applications and Increasing Internet Connectivity are the Driving Factors for the Market
Figure 15 Percentage of Households With Internet Access in Different Regions in 2015
Figure 16 Value Chain Analysis (2016)
Figure 17 Porter’s Five Forces Analysis
Figure 18 Porter’s Five Forces Analysis (2015): Impact Analysis for IoT Communication Protocol Market
Figure 19 IoT Communication Protocol Market: Threat From New Entrants
Figure 20 Market: Bargaining Power of Suppliers
Figure 21 Market: Threat of Substitute
Figure 22 Market: Bargaining Power of Buyers
Figure 23 IoT Communication Protocol Market: Intensity of Rivalry
Figure 24 Wi-Fi to Hold the Largest Market Share By 2022
Figure 25 Automotive & Transportation to Hold the Largest Market Share in Bluetooth Smart Technology By 2022
Figure 26 Automotive & Transportation to Hold the Largest Market Share of ZigBee Technology By 2022
Figure 27 Consumer Electronics to Hold the Largest Market Share of NFC Technology By 2022
Figure 28 Consumer Electronics to Hold the Largest Market Share of Cellular Technology By 2022
Figure 29 Wearable Devices Types
Figure 30 Body Wear Expected to Lead the Wearable Devices Market By 2022
Figure 31 Bluetooth Smart Expected to Lead the Healthcare Market By 2022
Figure 32 Wi–Fi Expected to Lead the Automotive & Transportation Market, By 2022
Figure 33 Building Automation Type
Figure 34 Three Key Elements in Industrial IoT
Figure 35 WHART Held the Largest Market in the Industrial Application in 2015
Figure 36 Wi–Fi Held the Largest Market of the Consumer Electronics End Use Application in 2015
Figure 37 Consumer Electronics Market
Figure 38 GNSS Expected to Lead the Precision Farming Market During Forecast Period
Figure 39 North America Expected to Lead the Market During Forecast Period
Figure 40 North America: IoT Communication Protocol Market Snapshot
Figure 41 Consumer Electronics Dominated the IoT Communication Protocol Market in North America
Figure 42 Europe: IoT Communication Protocol Market Snapshot
Figure 43 Consumer Electronics Held the Largest Market in Europe, 2015
Figure 44 APAC: IoT Communication Protocol Market Snapshot
Figure 45 Consumer Electronics to Hold Largest Market in APAC During Forecast Period
Figure 46 Building Automation Expected to Grow at the Highest CAGR During Forecast in RoW
Figure 47 Companies Mostly Adopted New Product Launches, New Product Developments,Collaboration and Partnerships as Key Growth Strategies Between 2015 and 2016
Figure 48 Geographic Revenue Mix of the Major Market Players
Figure 49 Ceva, Inc.: Company Snapshot
Figure 50 Ceva Inc.: SWOT Analysis
Figure 51 Synopsys, Inc.: Company Snapshot
Figure 52 Synopsys, Inc.: SWOT Analysis
Figure 53 NXP Semiconductors: Company Snapshot
Figure 54 NXP Semiconductors: SWOT Analysis
Figure 55 Stmicroelectronics N.V.: Company Snapshot
Figure 56 Stmicroelectronics N.V.: SWOT Analysis
Figure 57 Texas Instruments Inc.: Company Snapshot
Figure 58 Texas Instruments Inc.: SWOT Analysis
Figure 59 Mediatek Inc.: Business Overview
Figure 60 Atmel Corporation: Company Snapshot
Figure 61 Mindtree Ltd.: Company Snapshot

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