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Sports Technology Market

Sports Technology Market Size & Overview – Key Insights & Forecast

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13617
  • Published Date: Aug, 2023
  • Pages: 236
  • Category: Information Technology & Semiconductors
  • Format: PDF
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Market Introduction

The global sports technology market was valued at USD 22.51 billion in 2022, which is anticipated to grow at a CAGR of 14.06% from 2023 to 2032. The expansion can be associated with the growing demand for technology-based services in the sports industry, driven by a strong emphasis on audience participation and entertainment activities and the digital transformation of arenas and stadiums. The market is anticipated to expand considerably during the forecast period as the number of sporting events and the demand for data-driven decision-making and operations rises. The rising use of social media, the Internet of Things (IoT), and data analytics is also helping the market to grow.

High-end exercise equipment has developed the ability to track steps, monitor heart rates, and even transmit ECG readings over Bluetooth because of advancements in sports science technology. Manufacturers constantly push product development to meet consumer demand and new fashion trends. As technology and data play a significant part in enhancing player development and athletic performance, the commercial sports industry has seen a rise in gross income. The focus on audience participation and entertainment-related activities, along with technological developments in venues and stadiums, are predicted to be the main drivers of the growing demand for technology-based services in sporting events. Sports event organizers have also invested in digital technologies to offer an unmatched game-viewing experience in stadiums and on electronic devices. The market for sports technology is also expected to grow as more sports use artificial intelligence (AI), data analytics, the Internet of Things (IoT), wearable technology, drones, and social media participation. Sports technology has been significantly incorporated into outdoor sports, including rugby, football, and soccer. Games dominate the sports technology business in terms of revenue. Indoor sports activities are also a significant contributor to the market because of the rise in the use of sports technology in activities like badminton, chess, and swimming. Sports technology adoption in indoor sports remains slower than in outdoor sports. The primary focus of the sports technology department is developing new applications and technologies to support research and formulating intervention techniques to enhance athletic performance. In recent years, sports technology and data have taken a vital role in the development and performance of athletes. The financial side of sports is expanding due to the significant role that technology and data have in enhancing player development and athletic performances. The increased interest in sports among participants and spectators worldwide is fueling a rapid expansion of the global sports technology market. The need for technology in the sports sector is expected to be fueled by a significant emphasis on audience engagement and entertainment activities and the digital transformation of arenas and stadiums. The sports technology business has improved due to increasing investments made by numerous organizations in integrating cutting-edge technology for tracking athletes' performances and communicating with fans.

Sports Technology Market Size

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Recent Development

  • In September 2023, Cisco Systems, Inc. and St. Louis CITY SC, a football team based in St. Louis, Missouri, collaborated. Through the collaboration, the club has used digital signage, Wi-Fi, security, and networking solutions to give its supporters an engaging matchday experience.
  • Apple Watch Series 8, with best-in-class health functions, was released in September 2022. These features include a unique temperature sensor enabling improved women's health features, Crash Detection for serious auto accidents, and all-day 18-hour battery life.
  • Fitbit introduced the Versa 4 and Sense 2 smartwatches, which have functions for managing stress, sleep, and exercise, in August 2022.
  • Garmin released its first specifically designed GPS running smartwatches with outstanding AMOLED displays, the Forerunner 265 and 965 series, on March 2023. The Forerunner 265 provides athletes with performance tracking tools from Garmin Firstbeat Analytics, including VO2 max, performance condition, training effect, and more, to help them get better, quicker, and more effective on race day. The Forerunner 265 has a wrist-based Pulse Ox sensor, Body Battery energy tracking, comprehensive sleep monitoring and score, stress tracking, menstrual cycle and pregnancy tracking, and more.

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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
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1. Introduction
    1.1. Objective 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 Sports
          4.3.2. Market Attractiveness Analysis By Type
          4.3.3. Market Attractiveness Analysis By End-user
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Effort towards entertaining and involving stadium audience
    5.3. Restraints
          5.3.1. Budgetary restrictions and substantial initial costs
    5.4. Opportunities
          5.4.1. AR and VR are becoming increasingly popular in sports
    5.5. Challenges
          5.5.1. Difficulties in replacing and upgrading old systems

6. Global Sports Technology Market Analysis and Forecast, By Sports
    6.1. Segment Overview
    6.2. Baseball
    6.3. Cricket
    6.4. Ice Hockey
    6.5. Soccer
    6.6. American Football/Rugby
    6.7. Golf
    6.8. Basketball
    6.9. Tennis
    6.10. Others

7. Global Sports Technology Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Smart Stadium
    7.3. E-sports
    7.4. Devices
    7.5. Analytics & Statistics

8. Global Sports Technology Market Analysis and Forecast, By End-user
    8.1. Segment Overview
    8.2. Sports Associations
    8.3. Sports Clubs
    8.4. Sports Leagues
    8.5. Others

9. Global Sports Technology Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Sports Technology Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Sports Technology Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Catapult Group
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Cisco Systems, Inc.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. IBM Corporation
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Modern Times Group MTG
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Panasonic Corporation
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Sony Corporation
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Telefonaktiebolaget LM Ericsson
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. DELTATRE
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Genius Sports Group
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. SAS Institute Inc.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Synergy Sports
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Draft Kings, Inc
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Dream Sports Group
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. Apple Inc.
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. HCL Technologies Limited
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis

List of Table

1. Global Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

2. Global Baseball, Sports Technology Market, By Region, 2019-2032 (USD Billion) 

3. Global Cricket, Sports Technology Market, By Region, 2019-2032 (USD Billion)

4. Global Ice Hockey, Sports Technology Market, By Region, 2019-2032 (USD Billion)

5. Global Soccer, Sports Technology Market, By Region, 2019-2032 (USD Billion) 

6. Global American Football/Rugby, Sports Technology Market, By Region, 2019-2032 (USD Billion)

7. Global Golf, Sports Technology Market, By Region, 2019-2032 (USD Billion)

8. Global Basketball, Sports Technology Market, By Region, 2019-2032 (USD Billion) 

9. Global Tennis, Sports Technology Market, By Region, 2019-2032 (USD Billion)

10. Global Others, Sports Technology Market, By Region, 2019-2032 (USD Billion)

11. Global Sports Technology Market, By Type, 2019-2032 (USD Billion) 

12. Global Smart Stadium, Sports Technology Market, By Region, 2019-2032 (USD Billion) 

13. Global E-sports, Sports Technology Market, By Region, 2019-2032 (USD Billion)

14. Global Devices, Sports Technology Market, By Region, 2019-2032 (USD Billion) 

15. Global Analytics & Statistics, Sports Technology Market, By Region, 2019-2032 (USD Billion)

16. Global Sports Technology Market, By End-user, 2019-2032 (USD Billion) 

17. Global Sports Associations, Sports Technology Market, By Region, 2019-2032 (USD Billion) 

18. Global Sports Clubs, Sports Technology Market, By Region, 2019-2032 (USD Billion)

19. Global Sports Leagues, Sports Technology Market, By Region, 2019-2032 (USD Billion)

20. Global Others, Sports Technology Market, By Region, 2019-2032 (USD Billion)

21. Global Sports Technology Market, By Region, 2019-2032 (USD Billion) 

22. North America Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

23. North America Sports Technology Market, By Type, 2019-2032 (USD Billion)

24. North America Sports Technology Market, By End-user, 2019-2032 (USD Billion) 

25. U.S. Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

26. U.S. Sports Technology Market, By Type, 2019-2032 (USD Billion) 

27. U.S. Sports Technology Market, By End-user, 2019-2032 (USD Billion)

28. Canada Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

29. Canada Sports Technology Market, By Type, 2019-2032 (USD Billion) 

30. Canada Sports Technology Market, By End-user, 2019-2032 (USD Billion)

31. Mexico Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

32. Mexico Sports Technology Market, By Type, 2019-2032 (USD Billion) 

33. Mexico Sports Technology Market, By End-user, 2019-2032 (USD Billion)

34. Europe Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

35. Europe Sports Technology Market, By Type, 2019-2032 (USD Billion) 

36. Europe Sports Technology Market, By End-user, 2019-2032 (USD Billion)

37. Germany Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

38. Germany Sports Technology Market, By Type, 2019-2032 (USD Billion) 

39. Germany Sports Technology Market, By End-user, 2019-2032 (USD Billion)

40. France Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

41. France Sports Technology Market, By Type, 2019-2032 (USD Billion) 

42. France Sports Technology Market, By End-user, 2019-2032 (USD Billion)

43. U.K. Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

44. U.K. Sports Technology Market, By Type, 2019-2032 (USD Billion) 

45. U.K. Sports Technology Market, By End-user, 2019-2032 (USD Billion)

46. Italy Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

47. Italy Sports Technology Market, By Type, 2019-2032 (USD Billion) 

48. Italy Sports Technology Market, By End-user, 2019-2032 (USD Billion)

49. Spain Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

50. Spain Sports Technology Market, By Type, 2019-2032 (USD Billion) 

51. Spain Sports Technology Market, By End-user, 2019-2032 (USD Billion)

52. Asia Pacific Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

53. Asia Pacific Sports Technology Market, By Type, 2019-2032 (USD Billion) 

54. Asia Pacific Sports Technology Market, By End-user, 2019-2032 (USD Billion)

55. Japan Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

56. Japan Sports Technology Market, By Type, 2019-2032 (USD Billion) 

57. Japan Sports Technology Market, By End-user, 2019-2032 (USD Billion)

58. China Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

59. China Sports Technology Market, By Type, 2019-2032 (USD Billion) 

60. China Sports Technology Market, By End-user, 2019-2032 (USD Billion)

61. India Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

62. India Sports Technology Market, By Type, 2019-2032 (USD Billion) 

63. India Sports Technology Market, By End-user, 2019-2032 (USD Billion)

64. South America Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

65. South America Sports Technology Market, By Type, 2019-2032 (USD Billion) 

66. South America Sports Technology Market, By End-user, 2019-2032 (USD Billion)

67. Brazil Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

68. Brazil Sports Technology Market, By Type, 2019-2032 (USD Billion) 

69. Brazil Sports Technology Market, By End-user, 2019-2032 (USD Billion)

70. Middle East and Africa Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

71. Middle East and Africa Sports Technology Market, By Type, 2019-2032 (USD Billion) 

72. Middle East and Africa Sports Technology Market, By End-user, 2019-2032 (USD Billion)

73. UAE Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

74. UAE Sports Technology Market, By Type, 2019-2032 (USD Billion) 

75. UAE Sports Technology Market, By End-user, 2019-2032 (USD Billion)

76. South Africa Sports Technology Market, By Sports, 2019-2032 (USD Billion) 

77. South Africa Sports Technology Market, By Type, 2019-2032 (USD Billion) 

78. South Africa Sports Technology Market, By End-user, 2019-2032 (USD Billion)

List of Figures 

1. Global Sports Technology Market Segmentation

2. Sports Technology 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 Sports Technology Market Attractiveness Analysis By Sports

9. Global Sports Technology Market Attractiveness Analysis By Type

10. Global Sports Technology Market Attractiveness Analysis By End-user

11. Global Sports Technology Market Attractiveness Analysis By Region

12. Global Sports Technology Market: Dynamics

13. Global Sports Technology Market Share by Sports (2023 & 2032)

14. Global Sports Technology Market Share by Type (2023 & 2032)

15. Global Sports Technology Market Share by End-user (2023 & 2032)

16. Global Sports Technology Market Share by Regions (2023 & 2032)

17. Global Sports Technology Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global sports technology market based on below mentioned segments:

Global Sports Technology by Sports:

  • Baseball
  • Cricket
  • Ice Hockey
  • Soccer
  • American Football/Rugby
  • Golf
  • Basketball
  • Tennis
  • Others

Global Sports Technology by Type:

  • Smart Stadium
  • E-sports
  • Devices
  • Analytics & Statistics

Global Sports Technology by End-user:

  • Sports Associations
  • Sports Clubs
  • Sports Leagues
  • Others

Global Sports Technology 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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ProactiveWe manage our resources 24/7 to identify issues and address them before they become problems

Quality & ReliabilityWe are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach6 Major regions and 40+ countries level analysis accomplished

Competitive PricingOur pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date