Search

Insect Pest Control Market

Insect Pest Control Market Size by Insect Type (Bedbugs, Termites, Cockroaches, Flies, Mosquitoes, & Ants), Control Method (Biological, Chemical, & Physical), Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12654
  • Published Date: Feb, 2022
  • Pages: 229
  • Category: Agriculture
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

Global Insect Pest Control market is expected to reach USD 25.28 billion by 2030, at a CAGR of 30% from 2021 to 2030. Insect pest control market growth would be driven by rising consumer purchasing power parity and rapid urbanization over the forecast period.

Market Overview:

Pest control is the management or regulation of a pest species, a member of the animal kingdom that has a negative impact on human activities. The human response will differ depending on the severity of the harm and will range from tolerance to deterrent and management to attempts to remove the pest totally. It is the process of controlling and managing pest distributionusing various strategies. This method is used to protect trees,crop production, and wood, as well as citizens, against insect exposure. Insect pest control products are utilized in a wide range of applications, including commercial and non-commercial institutions, residential buildings, livestock, and the industrial sector. The demand for insect pest control is being driven by large end-users such as hospitals, hotels, airports,offices in commercial institutions, industries, and manufacturing facilities. In addition, storage and transportation facilities, non-commercial institutions, and public landscapes are having a favorable impact on the market. Hilton, General Mills, ITC, and Nestlé are among the end-user organizations that are demanding insect pest control services in their kitchens.

Get an overview of this study by requesting a free sample

Market Dynamics:

Drivers:
  • Climate change impact on insect proliferation

Climate change, according to the WHO book "Public Health Significance of Urban Pest," will result in a rise in the population of flying insects. According to a statement released by the World Health Organization, fly populations would increase by 244 percent by 2080. The Asian tiger mosquito, which is mostly prevalent in Asian nations such as Indonesia, Nepal, India, Malaysia, Myanmar, Thailand, Taiwan, and Vietnam, has spread rapidly to 28 countries in the last ten years, according to the Centre for Agriculture and Bioscience International.

Restraints:
  • Lack of uniform guidelines

Insect pest control market growth would be hampered by a lack of uniform guidelines and lengthy approvals, as well as operational constraints, during the forecast period.

Opportunities:
  • Use of IoT and AI-based technologies in insect pest control

By combining a variety of tools such as biological agents, chemical pesticides, light traps, and synthetic pheromones, the use of AI and IoT in insect pest control has improved the efficiency and effectiveness of insect pest control. Integrated Pest Management (IPM) is the common name for this multi-step process (IPM). The adoption of different trending technologies, like AI, has risen due to low service costs and the ability to operate in difficult-to-accessand remote locations without disrupting facility operations.

Challenges:
  • Insects are becoming more resistant to chemical compounds

Even though chemicals are helpful in controlling insects, insect species can develop resistance to insecticides if they are subjected to higher doses of these active ingredients frequently. For example, due to improper pesticide management, flies have developed a high level of resistance to all forms of insecticides. Over 600 pest species have developed resistance to chemical compounds, according to the Center for Integrated Pest Management.

Segmentation Analysis:

The global insect pest control market has been segmented based on insect type, control method, application, and regions.

  • The insect type segment is divided into termites, bedbugs, cockroaches, mosquitoes, flies, & ants.The termitessegment dominated the market with a market share of around 32% in 2020.Termite control products and services have been in high demand in regions such as North America and Asia-Pacific, where they are used by both residential and industrial sectors.
  • The control method  segment is divided into biological, chemical, & physical Over the forecast period, the biological segment is expected to grow at the fastest CAGR of 32%.As chemical products' efficiency against pests deteriorated, the focus shifted to microbial products such as Bacillus thuringiens is and microbial extracts, which have been proved to be efficient against insect vectors while avoiding the development of insecticide resistance.
  • The application segment is divided into residential, commercial & industrial, livestock farms, other applications. In 2020, the commercial & industrial segment dominated the market, accounting for around40% of global revenue Customers in this segment, particularly in the food manufacturing and hospitality industries in urban regions, have shown a strong need for professional pest management solutions to maintain a hygienic environment for the control of cockroaches, bedbugs, flies, and mosquitoes.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America region emerged as the largest market for the global insect pest control market with a 36.6%share of the market revenue in 2020.

  • North America currently dominates the insect pest control market due to an increase in residential and commercial applications, while Asia-Pacific is expected to rise in the forecast period due to the adoption of new safety and hygiene laws.

North America region Insect Pest Control Market Share in 2020 - 36.6%

 

www.thebrainyinsights.com

Check the geographical analysis of this market by requesting a free sample

Competitive Analysis:

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 insect pest control industry.

ADAMA completed the acquisition of Huifeng in May 2021. ADAMA has completed the purchase of a 51 percent ownership in Huifeng's important crop protection synthesis and formulation facilities, increasing ADAMA's commercial presence in China's insect pest control industry.

List of Key Market Players:

  • Adama
  • BASF
  • Bayer
  • Ecolab
  • FMC Corporation
  • Rentokil Initial Group
  • Rollins, Inc.
  • Sumitomo Chemical Co., Ltd.
  • Syngenta
  • Terminix

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)

Report Description:

  • Global Insect Pest Control Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2030 are the forecast years. The global insect pest control market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global insect pest control market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East &Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of insect pest control based oninsect type,control method, application and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global insect pest control market.This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global insect pest control market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global insect pest control market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the insect pest control market was valued at USD 15.23 Billion in 2020 to USD 25.28 Billion by 2030.

Global Insect Pest Control market is growing at a CAGR of 5.2% during the forecast period 2021-2030.

The global insect pest control market has been segmented based on insect type, control method, application, and regions. The termites segment led the market in 2020.The commercial & industrial segment led the market in 2020.

North America region emerged as the largest market for the insect pest control.

The market's growth will be influenced by the climate change impact on insect proliferation.

Lack of uniform guidelines could hamper the market growth.

Use of IoT and AI-based technologies in insect pest control will provide huge opportunities to the market.

Key players are Adama, BASF, Bayer, Ecolab, FMC Corporation, Rentokil Initial Group, Rollins, Inc., Sumitomo Chemical Co., Ltd., Syngenta and Terminix.

Get Your Report Customized

  • 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
Request for Customization

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 ByInsect Type
          4.3.2. Market Attractiveness Analysis ByControl Method
          4.3.3. Market Attractiveness Analysis By Application
          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. Climate change impact on insect proliferation
    5.3. Restraints
          5.3.1. Lack of uniform guidelines
    5.4. Opportunities
          5.4.1. Use of IoT and AI-based technologies in insect pest control
    5.5. Challenges
          5.5.1. Insects are becoming more resistant to chemical compounds

6. Global Insect Pest Control Market Analysis and Forecast, By Insect Type
    6.1. Segment Overview
    6.2. Bedbugs
    6.3. Termites
    6.4. Cockroaches
    6.5. Flies
    6.6. Mosquitoes
    6.7. Ants

7. Global Insect Pest Control Market Analysis and Forecast, By Control Method
    7.1. Segment Overview
    7.2. Biological
    7.3. Chemical
    7.4. Physical

8. Global Insect Pest Control Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Residential
    8.3. Commercial & Industrial
    8.4. Livestock Farms
    8.5. Other Applications

9. Global Insect Pest Control MarketAnalysis 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 Insect Pest Control Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Insect Pest Control 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. Adama
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Component Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. BASF
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Component Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Bayer
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Component Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Ecolab
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Component Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. FMC Corporation
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Component Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Rentokil Initial Group
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Component Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Rollins, Inc.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Component Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Sumitomo Chemical Co., Ltd.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Component Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Syngenta
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Component Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Terminix
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Component Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

2. Global BedbugsInsect Pest ControlMarket, By Region, 2018-2030 (USD Billion) 

3. Global TermitesInsect Pest ControlMarket, By Region, 2018-2030 (USD Billion) 

4. Global CockroachesInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

5. Global MosquitoesInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

6. Global FliesInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

7. Global AntsInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

8. Global Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

9. Global BiologicalInsect Pest ControlMarket, By Region, 2018-2030 (USD Billion) 

10. Global ChemicalInsect Pest ControlMarket, By Region, 2018-2030 (USD Billion) 

11. Global PhysicalInsect Pest ControlMarket, By Region, 2018-2030 (USD Billion) 

12. Global Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

13. Global ResidentialInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

14. Global Commercial & IndustrialInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

15. Global Livestock FarmsInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

16. Global Other ApplicationsInsect Pest Control Market, By Region, 2018-2030 (USD Billion) 

17. Global Insect Pest Control Market, By Region, 2018-2030 (USD Billion) 

18. North America Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

19. North America Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

20. North America Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

21. U.S. Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

22. U.S. Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

23. U.S. Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

24. Canada Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

25. Canada Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

26. Canada Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

27. Mexico Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

28. Mexico Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

29. Mexico Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

30. Europe Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

31. Europe Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

32. Europe Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

33. Germany Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

34. Germany Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

35. Germany Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

36. France Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

37. France Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

38. France Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

39. U.K. Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

40. U.K. Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

41. U.K. Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

42. Italy Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

43. Italy Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

44. Italy Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

45. Spain Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

46. Spain Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

47. Spain Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

48. Asia Pacific Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

49. Asia Pacific Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

50. Asia Pacific Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

51. Japan Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

52. Japan Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

53. Japan Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

54. China Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

55. China Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

56. China Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

57. India Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

58. India Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

59. India Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

60. South America Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

61. South America Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

62. South America Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

63. Brazil Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

64. Brazil Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

65. Brazil Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

66. Middle East and Africa Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

67. Middle East and Africa Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

68. Middle East and Africa Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

69. UAE Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

70. UAE Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

71. UAE Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

72. South Africa Insect Pest Control Market, By Insect Type, 2018-2030 (USD Billion) 

73. South Africa Insect Pest Control Market, By Control Method, 2018-2030 (USD Billion) 

74. South Africa Insect Pest Control Market, By Application, 2018-2030 (USD Billion) 

List of Figures 

1. Global Insect Pest Control MarketSegmentation

2. Insect Pest Control 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 Insect Pest Control Market Attractiveness Analysis By Insect Type

9. Global Insect Pest Control Market Attractiveness Analysis By Control Method

10. Global Insect Pest Control Market Attractiveness Analysis By Application

11. Global Insect Pest Control Market Attractiveness Analysis By Region

12. Global Insect Pest Control Market: Dynamics

13. Global Insect Pest Control Market Share by Insect Type (2020 & 2030)

14. Global Insect Pest Control Market Share by Control Method (2020 & 2030)

15. Global Insect Pest Control Market Share by Application (2020 & 2030)

16. Global Insect Pest Control Market Share by Regions (2020 & 2030)

17. Global Insect Pest Control Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2030. The Brainy Insights has segmented the global insect pest controlmarket based on below mentioned segments:

Global Insect Pest Control Market by Insect Type:

  • Bedbugs
  • Termites
  • Cockroaches
  • Flies
  • Mosquitoes
  • Ants

Global Insect Pest Control Market byControl Method:

  • Biological
  • Chemical
  • Physical

Global Insect Pest Control Market by Application:

  • Residential
  • Commercial & Industrial
  • Livestock Farms
  • Other Applications

Global Insect Pest Control Market 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.

Ask for customization Request Sample Speak to analyst Inquire before buying

Flexible Purchase Options

  • Chapters of your choice
  • Quantitative Information for Historical & Forecasted Data
  • Regional/Country Level Reports
Request for Special Pricing

Get in touch with us

+1-315-215-1633

sales@thebrainyinsights.com

Our Clients

Why choose us

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