Updated June 2026. Note that the industry analyst market is fluid and some brands now sit inside larger research groups, for example Canalys and ESG inside the Omdia / Informa TechTarget orbit, 451 is a division of S&P Global Market Intelligence and Ventana was acquired by ISG.
TL;DR: the FIG’s –Gartner, Forrester and IDC– matter, but they are not the whole analyst market. Start-up CEOs and seasoned AR pros should look beyond those FIGs and build an analyst portfolio that includes all-rounders, specialists, local champions, market mavens and sourcing advisors. The right mix helps you test positioning, shape category visibility, support go-to-market and influence buyers in the ever evolving AI era.
Who are the top 100 industry analyst firms for B2B tech influence as best alternatives to the FIGs?
There are over 100 industry analyst firms of market importance. As explained by the IIAR>, industry analysts are market experts that offer a unique third-party perspective on technology providers, informed by conversations with technology vendors, users and buyers. They publish research, share insights through inquiries and enable go-to-market activities through whitepapers and webinars. Engaging with a variety of analyst firm is key to building a cohesive AR programme that delivers on all four benefits of analyst relations.
The landscape of analyst firms is plentiful and all types of firms play a key role in scaling any analyst relations programme. We often hear about the FIGs (Forrester, IDC and Gartner), the three largest industry analyst firms globally. However, there are a host of alternative firms analyst relations (AR) should consider engaging with. The vast number of firms out there can be daunting to those unfamiliar with their ways and their differentiators and relevance to your AR strategy may be unclear. To help cut through the market noise, Starsight categorises these firms as: all-rounders, specialist firms, local champions, market mavens and sourcing advisors.
Starsight recommendation: include alternatives to the FIGs in your analyst tiering lists. We’re not suggesting here that analyst relations programmes should not invest into Gartner, IDC and Forrester but there are often great other firms which are perfect alternatives to those FIGs for many reasons: geographical coverage, specialist in a technology, ability to support go-to-market tactics –and often an easier, faster, cost-effective to garner insights on positioning and product-market fit for technology executives, product chiefs and marketing teams. For start-up CEOs, the win is not “more analysts”; it is the right analyst mix for insight, sales, awareness and go-to-market impact.
All-rounder firms.
All-rounders cover a large number of market categories in their research and typically have a high number of analysts to do so. While they may not be as big as the FIGs, these firms have industry expertise and connections, making them trusted advisors to their clients. Many of the analysts will have spent time in the FIGs previously or have come from the vendor side and have strong industry and product knowledge. Most companies will find an expert for them to provide another perspective on the market in a cost-efficient manner. They publish a range of research types, quantitative market shares, qualitative evaluations and opinion-based analyses of trends in the market.
Examples of all-rounders.
- 451 Research (S&P Global)
- Constellation Research
- Everest Group
- Frost and Sullivan
- GigaOm
- GlobalData
- HfS Research
- Info-Tech Research Group (ITRG)
- Omdia
- QKS Group (formerly Quadrant Knowledge Solutions)
- The Futurum Group
Specialist firms.
Specialist firms cover a single category or specify a select group of correlated categories to cover. This means that they have deep expertise in their chosen area and can cover the topic at a more granular level than larger firms. This also gives them tighter industry connections and enables them to provide more targeted advice for your category.
Examples of specialists.
- AI multiple – AI
- Ampere Analysis – Media, Content & Communications
- Analysys Mason – Telco, Media & Technology
- Appledore Research – Telco
- Aragon Research – AI
- ARC Advisory – Industry &Cities
- Arion Research – Cloud
- BARC – Data, AI & Performance Management
- Berg Insight – IoT
- BPM Partners – Business Performance Management Solutions
- Brandon Hall Group – Human Capital Managament
- Canalys – Channel (part of Omdia)
- CCS Insight – Telco & Enterprise Tech
- Celent – Financial Services sector
- Chartis – Financial Services, Energy & Insurance sectors
- Cignal AI – Networking
- Coresight Research – Retail
- Crehan Research – Data Centre Networking
- Datos Insights (formerly Aite-Novarica) – Banking, Insurance& Investments
- Deep Analysis – Information Automation & Management
- Dell’Oro Group – Telco
- Dresner Advisory – Data, Analytics & Performance Management technologies
- EMA – Cloud & Networking
- Firebrand Research – FinTech
- Fosway – HRtech
- Harden Stance – Telco & IT security
- IoT Analytics – IoT
- IT Harvest – Security
- Kaleido Intelligence – FinTech & Telco (Roaming)
- KLAS Research – Healthcare
- KuppingerCole – Security & Identity technologies
- LoneStar Advisory & Research – Security
- Metrigy – AI & Customer Experience
- NelsonHall – Business Process Outsourcing
- Nucleus Research – ROI studies
- Quocirca – Print industries
- RedMonk – Developers
- SACR – Security
- SemiAnalysis – Semiconductors
- STL Partners – Telco
- Synergy Research Group – Telco
- Tambellini Group – Higher Education
- TechAisle – SMB
- TechInsights Inc – Semiconductors
- The Josh Bersin Company – HR Tech
- Uptime Institute – Datacenters
- Verdantix – Sustainability & risk
Local Champions.
Oftentimes, a company will require country-level insights which large firms simply do not track, enter the local champions. With a smaller target area, their data collection goes down to a more granular, country-level and they can provide insights to match. These analyst firms are likely to have very good local connections and contacts with leaders and decision makers in their locale. They can be particularly good for local government and public sector sources and have expertise in local economic information. Activate these analysts for local events or to support regional sales tactics.
Examples of local champions.
- ADAPT – Australia & New Zealand
- Africa Analysis – Africa
- capioIT – APAC
- Counterpoint Research – APAC, expanding globally
- DigiTimes Research – APAC & Middle East
- Ecosystm – APAC
- Greyhound Research – India, expanding globally
- IBRS – Australia
- ITR – Japan
- Exaegis Research (ex-Markess) – France
- PAC – Germany, France & UK
- Penteo – Spain
- TechMarketView – UK
- Twimbit – APAC
- Virtified – APAC
Market Mavens.
The market mavens are a varied group of smaller firms, made up of analysts who have close relationships with technology vendors. They offer targeted consulting for their varied analyst areas of expertise and can be used to generate press quotes to drive brand awareness. These firms offer whitepapers and webinars for GTM activities to help elevate your AR strategy. Some are extremely powerful in their spaces and have unparalleled weight as trusted advisors to their clients.
Examples of market mavens.
- ABI Research
- Amalgam Insights
- CONTEXT World
- Enterprise Strategy Group (ESG) (now part of Omdia)
- Freeform Dynamics
- HyperFRAME Research
- Ilumatech
- Moor Insights & Strategy
- Nucleus
- Opus Research
- Research in Action
- Valoir
Sourcing advisors.
Sourcing advisors operate on behalf of clients, gathering intelligence about technology providers to make an independent assessment of the best vendor to meet their client’s specific needs. Continuously engaging these firms will ensure you are top of mind when a relevant use case is presented and that these analysts are equipped with the information to make your business case. Requests for information should not be ignored as these firms have direct sales impact and can make sure you are being considered in deals. They also publish additional research which their clients can use to make their own decisions when it comes to technology purchases. Some firms such as Gartner and HfS also provide sourcing advisory.
Examples of sourcing advisors.
- Avasant
- Deloitte
- EY
- ISG (bought market maven Ventana Research)
- Horizon Seven
- KPMG
- Markets and Markets
- PwC
- Wavestone
- Zinnov
Getting the balance right.
Not all types of analyst firms will have equal relevance to your AR strategy, but knowing and understanding them all will help you refine your focus. It’s imperative to craft an AR plan that hits all four business impacts of analyst relations, and to then engage with the analysts who will deliver on those four impacts. When supporting a local marketing event, a local champion may be more appropriate and budget-friendly alternative to a FIG, when gathering global sales intelligence through analyst inquiries, an allrounder or a market maven could be a good choice depending on your market category. Get to know the firms and you’ll have a more balanced and successful AR strategy that truly delivers value for your business, rather than one that simply scrambles for Magic Quadrant improvement and misses out on all the rest.
The analyst landscape is vast and the possibilities are many, you need an expert to help you navigate it. Eagle eyed readers will notice this post doesn’t even include the full 100 analyst firms, for a good reason: there is not a single answer to who are the top firms. Each programme is difference –for instance a regional EMEA AR requires a different approach to a global one for a single product. Get in touch with Starsight to hear how we guide technology vendors through the analyst landscape and how to align analyst relations to your business goals.





Hello,
I would be very interested in looking at the full list of 100 analyst firms, particularly if the list includes numbers of analysts per firm, or some other measure of reach.
Thank you,
Hi Martin,
There are as many lists as there are clients -reach and size are only two factors. When building an engagement plan we always start with alignment, the conversation we want to drive and what outcomes our clients are after.
You should include us on the list Berg Insight http://www.berginsight.com
Absolutely – we have added you now. Thanks!
Appledore Research should be on this list too.
Added!
MarketsandMarkets not considered as analyst firm ? 🙂
Hey Vineet, sure thing, I’ll reach out.
Have a look at http://www.t4i.global very deep on African tech sector..