The global automated parking management systems market is expected to reach USD 6.99 billion by 2030, at a CAGR of 14.50% from 2022 to 2030. The increasing number of luxury & high-rise buildings drives the expansion of the automated parking management systems market.
A park management system is a software solution that integrates IoT technologies like cameras, sensing devices, or counting sensors to recognize which parking area is available or occupied and often utilizes this sensor data to design a real-time parking map. The automated parking management system decreases the amount of effort needed by the driver when entering the office parking garage. This enhances the experience of daily parking and is seen as a perk by multiple employees. Four vital elements define a parking management system. The first component is the parking enforcement option. This parking enforcement contains lot numbering for easy navigation, ticket issuance, and users' notification of current parking availability.
Further, reporting is one of the essential attributes of car parking software. It permits car park operators & firms to follow their facilities, vehicle entry, and real-time reporting of the availability of parking spots. Moreover, the users must determine the preferred mode of payment for a car parking management system due to the number of payment automation & technologies available. Further, the access controls are otherwise known as automated parking management systems. They are essential for ensuring the efficient usage of parking software.
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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.
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.
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.
The global automated parking management systems market has been segmented based on system type, design model, platform type, end-user, automation level, and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North American region emerged as the largest market for the global automated parking management systems market, with a 45.06% share of the market revenue in 2021.
North America Region Automated Parking Management Systems Market Share in 2021 - 45.06%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global automated parking management systems industry.
As per The Brainy Insights, the size of the automated parking management systems market was valued at USD 2.07 billion in 2021 to USD 6.99 billion by 2030.
Global automated parking management systems market is growing at a CAGR of 14.50% during the forecast period 2022-2030.
The global automated parking management systems market has been segmented based on system type, design model, platform type, end user, automation level, and regions. The hardware segment led system type segment in 2021.
North America region emerged as the largest market for the automated parking management systems.
The market's growth will be influenced by the rise in the sale of vehicles worldwide.
The high cost associated with the automated parking management system could hamper the market growth.
The increase in the demand for luxury residential structures will provide considerable opportunities to the market.
Key players are CityLift Parking, 5BY2, Automotion Parking Systems, DONGYANG MENICS, Dayang Parking Co. Ltd, FATA AUTOMATION, Klaus Multiparking Systems Pvt. Ltd, EITO & Global Inc., Katopark, IHI
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:
Global Automated Parking Management Systems Market by Design Model:
Global Automated Parking Management Systems Market by Platform Type:
Global Automated Parking Management Systems Market by End User:
Global Automated Parking Management Systems Market by Automation Level:
Global Automated Parking Management Systems by Region:
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Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
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:
The demand side for the market is estimated through:
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:
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:
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:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
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