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Automated Parking Management Systems Market

Automated Parking Management Systems Market Trends & Growth Analysis – Latest Insights

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12840
  • Published Date: Jul, 2022
  • Pages: 234
  • Category: Aerospace & Defence
  • Format: PDF
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Market Dynamics

Drivers

  • The rapid expansion of the automobile industry across the world:

The rapid expansion of the automobile enterprise across the globe is one of the driving factors of market growth. Further, the rising M&A in the automobile enterprise worldwide is expected to drive market growth during the forecast period. Moreover, the increase in disposable income of an individual & expansion in the purchasing capacity of consumers across the globe is also helping to drive the market growth.

Restraints

  • High cost associated with the automated parking management system:

A high initial investment is needed for construction & maintenance per parking space in innovative facilities, which increases these spaces' initial maintenance & operating costs, inhibiting the market growth. Further, the COVID-19 epidemics compelled a majority of corporations worldwide to crumble due to the forced shutdown of production & manufacturing activities, which hindered significant manufacturing firms across the world, which, in turn, poses a challenge for the automated parking management system market.

Opportunities

  • Growing focus on improving customer service:

The growing focus on improving customer service is an opportunity for market growth. The key firms in the industry are focused on enhancing consumer service. Further, better consumer service leads to a longer operational cycle of automated parking systems at lower prices. However, raising the number of electric vehicles is also helping the demand for electric vehicle charging stations. These factors help to drive market growth.

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  • Further segmentation of the market on the basis of type, application, end use, product, technology, method, process and any other segment depending on the market
  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
  • We can split the company market share on the basis of product, application and region
  • Report can be prepared for any specific country/region/segment
  • Customers can be added on the basis of regions and countries
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By System Type
          4.3.2. Market Attractiveness Analysis By Design Model
          4.3.3. Market Attractiveness Analysis By Platform Type
          4.3.4. Market Attractiveness Analysis By End User
          4.3.5. Market Attractiveness Analysis By Automation Level
          4.3.6. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing number of vehicles
          5.2.2. The growing demand for green & sustainable parking solutions
          5.2.3. The increased adoption of advanced parking management options
    5.3. Restraints
          5.3.1. The high cost associated with the automated parking management system
    5.4. Opportunities
          5.4.1. The accumulation of the infrastructure enterprise
          5.4.2. The increase in the demand for luxury residential structures

1. Global Automated Parking Management Systems Market Analysis and Forecast, By System Type
    1.1. Segment Overview
    1.2. Software
    1.3. Hardware

2. Global Automated Parking Management Systems Market Analysis and Forecast, By Design Model
    2.1. Segment Overview
    2.2. Electro-Mechanical
    2.3. Hydraulics

3. Global Automated Parking Management Systems Market Analysis and Forecast, By Platform Type
    3.1. Segment Overview
    3.2. Non-Palleted
    3.3. Palleted

4. Global Automated Parking Management Systems Market Analysis and Forecast, By End User
    4.1. Segment Overview
    4.2. Residential
    4.3. Commercial
    4.4. Mixed Use

5. Global Automated Parking Management Systems Market Analysis and Forecast, By Automation Level
    5.5. Segment Overview
    5.6. Fully-Automated
    5.7. Semi-Automated

6. Global Automated Parking Management Systems Market Analysis and Forecast, By Regional Analysis
    6.1. Segment Overview
    6.2. North America
          6.2.1. U.S.
          6.2.2. Canada
          6.2.3. Mexico
    6.3. Europe
          6.3.1. Germany
          6.3.2. France
          6.3.3. U.K.
          6.3.4. Italy
          6.3.5. Spain
    6.4. Asia-Pacific
          6.4.1. Japan
          6.4.2. China
          6.4.3. India
    6.5. South America
          6.5.1. Brazil
    6.6. Middle East and Africa
          6.6.1. UAE
          6.6.2. South Africa

7. Global Automated Parking Management Systems Market-Competitive Landscape
    7.1. Overview
    7.2. Market Share of Key Players in Global Automated Parking Management Systems Market
          7.2.1. Global Company Market Share
          7.2.2. North America Company Market Share
          7.2.3. Europe Company Market Share
          7.2.4. APAC Company Market Share
    7.3. Competitive Situations and Trends
          7.3.1. Product Launches and Developments
          7.3.2. Partnerships, Collaborations, and Agreements
          7.3.3. Mergers & Acquisitions
          7.3.4. Expansions

8. Company Profiles
    8.1. CityLift Parking
          8.1.1. Business Overview
          8.1.2. Company Snapshot
          8.1.3. Company Market Share Analysis
          8.1.4. Company Product Portfolio
          8.1.5. Recent Developments
          8.1.6. SWOT Analysis
    8.2. 5BY2
          8.2.1. Business Overview
          8.2.2. Company Snapshot
          8.2.3. Company Market Share Analysis
          8.2.4. Company Product Portfolio
          8.2.5. Recent Developments
          8.2.6. SWOT Analysis
    8.3. Automotion Parking Systems
          8.3.1. Business Overview
          8.3.2. Company Snapshot
          8.3.3. Company Market Share Analysis
          8.3.4. Company Product Portfolio
          8.3.5. Recent Developments
          8.3.6. SWOT Analysis
    8.4. DONGYANG MENICS
          8.4.1. Business Overview
          8.4.2. Company Snapshot
          8.4.3. Company Market Share Analysis
          8.4.4. Company Product Portfolio
          8.4.5. Recent Developments
          8.4.6. SWOT Analysis
    8.5. Dayang Parking Co. Ltd
          8.5.1. Business Overview
          8.5.2. Company Snapshot
          8.5.3. Company Market Share Analysis
          8.5.4. Company Product Portfolio
          8.5.5. Recent Developments
          8.5.6. SWOT Analysis
    8.6. FATA AUTOMATION
          8.6.1. Business Overview
          8.6.2. Company Snapshot
          8.6.3. Company Market Share Analysis
          8.6.4. Company Product Portfolio
          8.6.5. Recent Developments
          8.6.6. SWOT Analysis
    8.7. Klaus Multiparking Systems Pvt. Ltd
          8.7.1. Business Overview
          8.7.2. Company Snapshot
          8.7.3. Company Market Share Analysis
          8.7.4. Company Product Portfolio
          8.7.5. Recent Developments
          8.7.6. SWOT Analysis
    8.8. EITO & Global Inc.
          8.8.1. Business Overview
          8.8.2. Company Snapshot
          8.8.3. Company Market Share Analysis
          8.8.4. Company Product Portfolio
          8.8.5. Recent Developments
          8.8.6. SWOT Analysis
    8.9. Katopark
          8.9.1. Business Overview
          8.9.2. Company Snapshot
          8.9.3. Company Market Share Analysis
          8.9.4. Company Product Portfolio
          8.9.5. Recent Developments
          8.9.6. SWOT Analysis
    8.10. IHI
          8.10.1. Business Overview
          8.10.2. Company Snapshot
          8.10.3. Company Market Share Analysis
          8.10.4. Company Product Portfolio
          8.10.5. Recent Developments
          8.10.6. SWOT Analysis
    8.11. Parkmatic
          8.11.1. Business Overview
          8.11.2. Company Snapshot
          8.11.3. Company Market Share Analysis
          8.11.4. Company Product Portfolio
          8.11.5. Recent Developments
          8.11.6. SWOT Analysis
    8.12. kyline Parking AG
          8.12.1. Business Overview
          8.12.2. Company Snapshot
          8.12.3. Company Market Share Analysis
          8.12.4. Company Product Portfolio
          8.12.5. Recent Developments
          8.12.6. SWOT Analysis
    8.13. PARKMATIC TM
          8.13.1. Business Overview
          8.13.2. Company Snapshot
          8.13.3. Company Market Share Analysis
          8.13.4. Company Product Portfolio
          8.13.5. Recent Developments
          8.13.6. SWOT Analysis
    8.14. Nissei Build Industries
          8.14.1. Business Overview
          8.14.2. Company Snapshot
          8.14.3. Company Market Share Analysis
          8.14.4. Company Product Portfolio
          8.14.5. Recent Developments
          8.14.6. SWOT Analysis
    8.15. Qingdao Bortome
          8.15.1. Business Overview
          8.15.2. Company Snapshot
          8.15.3. Company Market Share Analysis
          8.15.4. Company Product Portfolio
          8.15.5. Recent Developments
          8.15.6. SWOT Analysis
    8.16. Simmatec
          8.16.1. Business Overview
          8.16.2. Company Snapshot
          8.16.3. Company Market Share Analysis
          8.16.4. Company Product Portfolio
          8.16.5. Recent Developments
          8.16.6. SWOT Analysis
    8.17. PARKPLUS
          8.17.1. Business Overview
          8.17.2. Company Snapshot
          8.17.3. Company Market Share Analysis
          8.17.4. Company Product Portfolio
          8.17.5. Recent Developments
          8.17.6. SWOT Analysis
    8.18. Sotefin
          8.18.1. Business Overview
          8.18.2. Company Snapshot
          8.18.3. Company Market Share Analysis
          8.18.4. Company Product Portfolio
          8.18.5. Recent Developments
          8.18.6. SWOT Analysis
    8.19. Robotic Parking Systems Inc
          8.19.1. Business Overview
          8.19.2. Company Snapshot
          8.19.3. Company Market Share Analysis
          8.19.4. Company Product Portfolio
          8.19.5. Recent Developments
          8.19.6. SWOT Analysis
    8.20. UNITRONICS
          8.20.1. Business Overview
          8.20.2. Company Snapshot
          8.20.3. Company Market Share Analysis
          8.20.4. Company Product Portfolio
          8.20.5. Recent Developments
          8.20.6. SWOT Analysis
    8.21. Tada
          8.21.1. Business Overview
          8.21.2. Company Snapshot
          8.21.3. Company Market Share Analysis
          8.21.4. Company Product Portfolio
          8.21.5. Recent Developments
          8.21.6. SWOT Analysis
    8.22. WÖHR
          8.22.1. Business Overview
          8.22.2. Company Snapshot
          8.22.3. Company Market Share Analysis
          8.22.4. Company Product Portfolio
          8.22.5. Recent Developments
          8.22.6. SWOT Analysis
    8.23. Westfalia Parking Solutions
          8.23.1. Business Overview
          8.23.2. Company Snapshot
          8.23.3. Company Market Share Analysis
          8.23.4. Company Product Portfolio
          8.23.5. Recent Developments
          8.23.6. SWOT Analysis

List of Table

1. Global Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

2. Global Software, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion) 

3. Global Hardware, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

4. Global Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

5. Global Electro-Mechanical, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

6. Global Hydraulics, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

7. Global Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

8. Global Non-Palleted, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

9. Global Palleted, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

10. Global Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

11. Global Residential, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

12. Global Commercial, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

13. Global Mixed Use, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

14. Global Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

15. Global Fully-Automated, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

16. Global Semi-Automated, Automated Parking Management Systems Market, By Region, 2019-2030 (USD Billion)

17. North America Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

18. North America Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

19. North America Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

20. North America Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

21. North America Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

22. U.S. Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

23. U.S. Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

24. U.S. Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

25. U.S. Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

26. U.S. Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

27. Canada Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

28. Canada Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

29. Canada Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

30. Canada Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

31. Canada Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

32. Mexico Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

33. Mexico Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

34. Mexico Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

35. Mexico Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

36. Mexico Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

37. Europe Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

38. Europe Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

39. Europe Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

40. Europe Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

41. Europe Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

42. Germany Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

43. Germany Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

44. Germany Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

45. Germany Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

46. Germany Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

47. France Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

48. France Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

49. France Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

50. France Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

51. France Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

52. U.K. Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

53. U.K. Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

54. U.K. Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

55. U.K. Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

56. U.K. Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

57. Italy Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

58. Italy Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

59. Italy Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

60. Italy Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

61. Italy Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

62. Spain Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

63. Spain Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

64. Spain Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

65. Spain Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

66. Spain Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

67. Asia Pacific Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

68. Asia Pacific Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

69. Asia Pacific Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

70. Asia Pacific Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

71. Asia Pacific Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

72. Japan Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

73. Japan Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

74. Japan Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

75. Japan Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

76. Japan Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

77. China Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

78. China Automated Parking Management Systems  Market, By Design Model, 2019-2030 (USD Billion)

79. China Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

80. China Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

81. China Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

82. India Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

83. India Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

84. India Automated Parking Management Systems  Market, By Platform Type, 2019-2030 (USD Billion)

85. India Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

86. India Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

87. South America Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

88. South America Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

89. South America Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

90. South America Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

91. South America Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

92. Brazil Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

93. Brazil Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

94. Brazil Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

95. Brazil Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

96. Brazil Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

97. Middle East and Africa Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

98. Middle East and Africa Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

99. Middle East and Africa Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

100. Middle East and Africa Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

101. Middle East and Africa Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

102. UAE Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

103. UAE Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

104. UAE Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

105. UAE Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

106. UAE Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

107. South Africa Automated Parking Management Systems Market, By System Type, 2019-2030 (USD Billion)

108. South Africa Automated Parking Management Systems Market, By Design Model, 2019-2030 (USD Billion)

109. South Africa Automated Parking Management Systems Market, By Platform Type, 2019-2030 (USD Billion)

110. South Africa Automated Parking Management Systems Market, By End User, 2019-2030 (USD Billion)

111. South Africa Automated Parking Management Systems Market, By Automation Level, 2019-2030 (USD Billion)

List of Figures 

1. Global Automated Parking Management Systems  Market Segmentation

2. Global Automated Parking Management Systems  Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Automated Parking Management Systems Market Attractiveness Analysis By System Type

9. Global Automated Parking Management Systems Market Attractiveness Analysis By Design Model 

10. Global Automated Parking Management Systems Market Attractiveness Analysis By Platform Type

11. Global Automated Parking Management Systems Market Attractiveness Analysis By End User

12. Global Automated Parking Management Systems Market Attractiveness Analysis By Automation Level

13. Global Automated Parking Management Systems Market Attractiveness Analysis By Region

14. Global Automated Parking Management Systems Market: Dynamics

15. Global Automated Parking Management Systems Market Share By System Type (2022 & 2030)

16. Global Automated Parking Management Systems Market Share By Design Model (2022 & 2030)

17. Global Automated Parking Management Systems Market Share By Platform Type (2022 & 2030)

18. Global Automated Parking Management Systems Market Share By End User (2022 & 2030)

19. Global Automated Parking Management Systems Market Share By Automation Level (2022 & 2030)

20. Global Automated Parking Management Systems Market Share By Regions (2022 & 2030)

21. Global Automated Parking Management Systems Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global automated parking management systems based on below mentioned segments:

Global Automated Parking Management Systems Market by System Type:

  • Software
  • Hardware

Global Automated Parking Management Systems Market by Design Model:

  • Electro-Mechanical
  • Hydraulics

Global Automated Parking Management Systems Market by Platform Type:

  • Non-Palleted
  • Palleted

Global Automated Parking Management Systems Market by End User:

  • Residential
  • Commercial
  • Mixed Use

Global Automated Parking Management Systems Market by Automation Level:

  • Fully-Automated
  • Semi-Automated

 Global Automated Parking Management Systems by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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