The Off-Street Parking Management System Market is expected to register a CAGR of 12.30% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Off-Street Parking Management System Market research report offers an in-depth analysis of the market growth drivers and opportunities. The report also covers analysis by Component, Solution, End-user, and Geography.
Purpose of the ReportThe report Off-Street Parking Management System Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Off-Street Parking Management System Market Segmentation
Component- Hardware
- Software
- Services
- Access Control
- Parking Fee and Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Parking Guidance and Slot Management
- Parking Security and Surveillance
- Others
- Government and Municipalities
- Airports
- Corporate and Commercial Institutions
- Commercial Parks
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Off-Street Parking Management System Market Growth Drivers- Urbanization boosts smart parking demand: the rapid urbanization and worldwide push for smart city initiatives are driving the off-street parking management system market. With cities getting crowded, efficient parking solutions are necessary to reduce vehicular emissions and lower traffic. Market trends globally suggest that 55% of people have shifted their lifestyle to urban areas, thus increasing demand for smart parking systems. Growth is further supported by governments allocating billions to smart infrastructure projects, which thus aids market growth.
- IoT transforms parking management systems: The Internet of Things and automation technologies are transforming the off-street parking management market. Solutions include the automatic license plate recognition of real-time data analytics and advanced mobile payment options. Market report analysis recently shows that more than 65% of newly installed parking systems incorporate IoT sensors. Optimizing space utilization, in addition to savings on operational costs and minimizing the likelihood of illegal parking, are some of the driving factors that are contributing to this market share expansion, particularly in smart cities across the globe.
- EV-friendly systems gain traction: Strict environmental regulations are compelling cities and companies to design more environmentally friendly management systems for parking. Off-street parking systems that include EV charging stations and energy-efficient infrastructure have gained traction as governments impose stricter emissions regulations. As per market analysis, 30% of new parking facilities developed in major cities around the globe are integrated with systems that support EVs, moving in line with most global sustainability goals and propelling the overall growth of the market.
- Data analytics improves efficiency: A new trend that has revolutionized off-street parking management systems is data-driven decision-making. Advanced analytics is getting integrated into project demand and optimum space allocation for parking, which is helping companies improve customer satisfaction as well as operational efficiency by way of smart strategies. Players who follow the integration of such insights into their strategies reap better benefits in terms of market dynamics. Overall, based on SWOT and PEST analysis, growth opportunities will be available with the integration of data, while cybersecurity concerns continue to exist.
- Mobile payments streamline parking processes: Integration of mobile payment in off-street parking management has risen lately to 40% of systems providing digital payment solutions over the past two years. Based on the growing need for cashless transactions, this growth is crucial. The PEST analysis indicates that technological and economic conditions drive the change; however, social factors contribute more towards user adaptation. Among the most important opportunities that emerged in its SWOT analysis is that key players are still refining their strategic plans with the payment providers to make everything hassle-free for the users.
- ALPR adoption enhances security: ALPRs for off-street parking management installation increased by 30%. ALPRs minimize human intervention, and the level of security increases; they also generate real-time data from the parking operators. The trend is favored by market dynamics owing to increasing security concerns and the need for improved operational efficiency. ALPR adoption has emerged as a key component of market strategies, which is fueled by market analysis on revenue potential, though data privacy becomes an enormous challenge.
- Customer-centric innovations drive satisfaction: Customer-centric innovations-for example, mobile reservations, contactless payments, and real-time space tracking- will drive more satisfied customers. Specifically, what companies are doing about focusing on user experience is a pretty empowering advantage. As North America and other regions mature, customer-focused technologies will represent a significant opportunity for growth far more vibrant, competitive industry.
- Tier 2 cities show growth opportunities: Off-street parking systems are no longer a prerogative of megacities. Rapid growth opportunities are emerging in Tier 2 and Tier 3 cities across the world, particularly in Asia-Pacific and Latin America. Based on competitive analysis, companies entering these underserved regions can get a very strong footing in this emerging geographic landscape.
- EV charging demand reshapes industry: Electric vehicle sales will increase to over 17 million by 2025. The demand for car parks with integrated EV charging stations is increasing. Companies offering EV-ready solutions can capitalize on the massive growth that this will bring. Competitive analysis will indicate that North America and Europe are the leaders at this pivotal time. The trend will define the landscape of the industry going ahead with companies that first adapt to it well poised to become industry leaders shortly.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Off-Street Parking Management System Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Off-Street Parking Management System Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Key companies in this market are: Amano Corporation, AMCO SA, Cubic Corporation, Kapsch TrafficCom AG, Nortech Access Control Ltd, SKIDATA AG, Streetline, SWARCO AG, TIBA Parking Systems
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The Off-Street Parking Management System Market is expected to register a CAGR of 12.30% from 2023-2031.
The major factors impacting the Off-Street Parking Management System Market are: Environmental Regulations and Sustainability Goals, technological Advancements in IoT and Automation, and Urbanization and Smart City Initiatives
Key future trends in this market are - Smart parking solutions, Increased demand for urban mobility, Integration with mobile apps
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Off-Street Parking Management System Market - By Component
1.3.2 Off-Street Parking Management System Market - By Solution
1.3.3 Off-Street Parking Management System Market - By End-user
1.3.4 Off-Street Parking Management System Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. OFF-STREET PARKING MANAGEMENT SYSTEM - GLOBAL MARKET OVERVIEW
6.2. OFF-STREET PARKING MANAGEMENT SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Entry/Exit Terminal Market
7.3.3.1. Overview
7.3.3.2. Entry/Exit Terminal Market Forecast and Analysis
7.3.4. LPR System Market
7.3.4.1. Overview
7.3.4.2. LPR System Market Forecast and Analysis
7.3.5. Card Reader Market
7.3.5.1. Overview
7.3.5.2. Card Reader Market Forecast and Analysis
7.3.6. Others Market
7.3.6.1. Overview
7.3.6.2. Others Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
7.5.3. Professional Services Market
7.5.3.1. Overview
7.5.3.2. Professional Services Market Forecast and Analysis
7.5.4. Managed Services Market
7.5.4.1. Overview
7.5.4.2. Managed Services Market Forecast and Analysis
8. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
8.1. OVERVIEW
8.2. SOLUTION MARKET FORECASTS AND ANALYSIS
8.3. ACCESS CONTROL
8.3.1. Overview
8.3.2. Access Control Market Forecast and Analysis
8.4. PARKING FEE AND REVENUE MANAGEMENT
8.4.1. Overview
8.4.2. Parking Fee and Revenue Management Market Forecast and Analysis
8.5. PARKING RESERVATION MANAGEMENT
8.5.1. Overview
8.5.2. Parking Reservation Management Market Forecast and Analysis
8.6. VALET PARKING MANAGEMENT
8.6.1. Overview
8.6.2. Valet Parking Management Market Forecast and Analysis
8.7. PARKING GUIDANCE AND SLOT MANAGEMENT
8.7.1. Overview
8.7.2. Parking Guidance and Slot Management Market Forecast and Analysis
8.8. PARKING SECURITY AND SURVEILLANCE
8.8.1. Overview
8.8.2. Parking Security and Surveillance Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. GOVERNMENT AND MUNICIPALITIES
9.3.1. Overview
9.3.2. Government and Municipalities Market Forecast and Analysis
9.4. AIRPORTS
9.4.1. Overview
9.4.2. Airports Market Forecast and Analysis
9.5. CORPORATE AND COMMERCIAL INSTITUTIONS
9.5.1. Overview
9.5.2. Corporate and Commercial Institutions Market Forecast and Analysis
9.6. COMMERCIAL PARKS
9.6.1. Overview
9.6.2. Commercial Parks Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Off-Street Parking Management System Market Overview
10.1.2 North America Off-Street Parking Management System Market Forecasts and Analysis
10.1.3 North America Off-Street Parking Management System Market Forecasts and Analysis - By Component
10.1.4 North America Off-Street Parking Management System Market Forecasts and Analysis - By Solution
10.1.5 North America Off-Street Parking Management System Market Forecasts and Analysis - By End-user
10.1.6 North America Off-Street Parking Management System Market Forecasts and Analysis - By Countries
10.1.6.1 United States Off-Street Parking Management System Market
10.1.6.1.1 United States Off-Street Parking Management System Market by Component
10.1.6.1.2 United States Off-Street Parking Management System Market by Solution
10.1.6.1.3 United States Off-Street Parking Management System Market by End-user
10.1.6.2 Canada Off-Street Parking Management System Market
10.1.6.2.1 Canada Off-Street Parking Management System Market by Component
10.1.6.2.2 Canada Off-Street Parking Management System Market by Solution
10.1.6.2.3 Canada Off-Street Parking Management System Market by End-user
10.1.6.3 Mexico Off-Street Parking Management System Market
10.1.6.3.1 Mexico Off-Street Parking Management System Market by Component
10.1.6.3.2 Mexico Off-Street Parking Management System Market by Solution
10.1.6.3.3 Mexico Off-Street Parking Management System Market by End-user
10.2. EUROPE
10.2.1 Europe Off-Street Parking Management System Market Overview
10.2.2 Europe Off-Street Parking Management System Market Forecasts and Analysis
10.2.3 Europe Off-Street Parking Management System Market Forecasts and Analysis - By Component
10.2.4 Europe Off-Street Parking Management System Market Forecasts and Analysis - By Solution
10.2.5 Europe Off-Street Parking Management System Market Forecasts and Analysis - By End-user
10.2.6 Europe Off-Street Parking Management System Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Off-Street Parking Management System Market
10.2.6.1.1 Germany Off-Street Parking Management System Market by Component
10.2.6.1.2 Germany Off-Street Parking Management System Market by Solution
10.2.6.1.3 Germany Off-Street Parking Management System Market by End-user
10.2.6.2 France Off-Street Parking Management System Market
10.2.6.2.1 France Off-Street Parking Management System Market by Component
10.2.6.2.2 France Off-Street Parking Management System Market by Solution
10.2.6.2.3 France Off-Street Parking Management System Market by End-user
10.2.6.3 Italy Off-Street Parking Management System Market
10.2.6.3.1 Italy Off-Street Parking Management System Market by Component
10.2.6.3.2 Italy Off-Street Parking Management System Market by Solution
10.2.6.3.3 Italy Off-Street Parking Management System Market by End-user
10.2.6.4 United Kingdom Off-Street Parking Management System Market
10.2.6.4.1 United Kingdom Off-Street Parking Management System Market by Component
10.2.6.4.2 United Kingdom Off-Street Parking Management System Market by Solution
10.2.6.4.3 United Kingdom Off-Street Parking Management System Market by End-user
10.2.6.5 Russia Off-Street Parking Management System Market
10.2.6.5.1 Russia Off-Street Parking Management System Market by Component
10.2.6.5.2 Russia Off-Street Parking Management System Market by Solution
10.2.6.5.3 Russia Off-Street Parking Management System Market by End-user
10.2.6.6 Rest of Europe Off-Street Parking Management System Market
10.2.6.6.1 Rest of Europe Off-Street Parking Management System Market by Component
10.2.6.6.2 Rest of Europe Off-Street Parking Management System Market by Solution
10.2.6.6.3 Rest of Europe Off-Street Parking Management System Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Off-Street Parking Management System Market Overview
10.3.2 Asia-Pacific Off-Street Parking Management System Market Forecasts and Analysis
10.3.3 Asia-Pacific Off-Street Parking Management System Market Forecasts and Analysis - By Component
10.3.4 Asia-Pacific Off-Street Parking Management System Market Forecasts and Analysis - By Solution
10.3.5 Asia-Pacific Off-Street Parking Management System Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Off-Street Parking Management System Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Off-Street Parking Management System Market
10.3.6.1.1 Australia Off-Street Parking Management System Market by Component
10.3.6.1.2 Australia Off-Street Parking Management System Market by Solution
10.3.6.1.3 Australia Off-Street Parking Management System Market by End-user
10.3.6.2 China Off-Street Parking Management System Market
10.3.6.2.1 China Off-Street Parking Management System Market by Component
10.3.6.2.2 China Off-Street Parking Management System Market by Solution
10.3.6.2.3 China Off-Street Parking Management System Market by End-user
10.3.6.3 India Off-Street Parking Management System Market
10.3.6.3.1 India Off-Street Parking Management System Market by Component
10.3.6.3.2 India Off-Street Parking Management System Market by Solution
10.3.6.3.3 India Off-Street Parking Management System Market by End-user
10.3.6.4 Japan Off-Street Parking Management System Market
10.3.6.4.1 Japan Off-Street Parking Management System Market by Component
10.3.6.4.2 Japan Off-Street Parking Management System Market by Solution
10.3.6.4.3 Japan Off-Street Parking Management System Market by End-user
10.3.6.5 South Korea Off-Street Parking Management System Market
10.3.6.5.1 South Korea Off-Street Parking Management System Market by Component
10.3.6.5.2 South Korea Off-Street Parking Management System Market by Solution
10.3.6.5.3 South Korea Off-Street Parking Management System Market by End-user
10.3.6.6 Rest of Asia-Pacific Off-Street Parking Management System Market
10.3.6.6.1 Rest of Asia-Pacific Off-Street Parking Management System Market by Component
10.3.6.6.2 Rest of Asia-Pacific Off-Street Parking Management System Market by Solution
10.3.6.6.3 Rest of Asia-Pacific Off-Street Parking Management System Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Off-Street Parking Management System Market Overview
10.4.2 Middle East and Africa Off-Street Parking Management System Market Forecasts and Analysis
10.4.3 Middle East and Africa Off-Street Parking Management System Market Forecasts and Analysis - By Component
10.4.4 Middle East and Africa Off-Street Parking Management System Market Forecasts and Analysis - By Solution
10.4.5 Middle East and Africa Off-Street Parking Management System Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Off-Street Parking Management System Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Off-Street Parking Management System Market
10.4.6.1.1 South Africa Off-Street Parking Management System Market by Component
10.4.6.1.2 South Africa Off-Street Parking Management System Market by Solution
10.4.6.1.3 South Africa Off-Street Parking Management System Market by End-user
10.4.6.2 Saudi Arabia Off-Street Parking Management System Market
10.4.6.2.1 Saudi Arabia Off-Street Parking Management System Market by Component
10.4.6.2.2 Saudi Arabia Off-Street Parking Management System Market by Solution
10.4.6.2.3 Saudi Arabia Off-Street Parking Management System Market by End-user
10.4.6.3 U.A.E Off-Street Parking Management System Market
10.4.6.3.1 U.A.E Off-Street Parking Management System Market by Component
10.4.6.3.2 U.A.E Off-Street Parking Management System Market by Solution
10.4.6.3.3 U.A.E Off-Street Parking Management System Market by End-user
10.4.6.4 Rest of Middle East and Africa Off-Street Parking Management System Market
10.4.6.4.1 Rest of Middle East and Africa Off-Street Parking Management System Market by Component
10.4.6.4.2 Rest of Middle East and Africa Off-Street Parking Management System Market by Solution
10.4.6.4.3 Rest of Middle East and Africa Off-Street Parking Management System Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Off-Street Parking Management System Market Overview
10.5.2 South and Central America Off-Street Parking Management System Market Forecasts and Analysis
10.5.3 South and Central America Off-Street Parking Management System Market Forecasts and Analysis - By Component
10.5.4 South and Central America Off-Street Parking Management System Market Forecasts and Analysis - By Solution
10.5.5 South and Central America Off-Street Parking Management System Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Off-Street Parking Management System Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Off-Street Parking Management System Market
10.5.6.1.1 Brazil Off-Street Parking Management System Market by Component
10.5.6.1.2 Brazil Off-Street Parking Management System Market by Solution
10.5.6.1.3 Brazil Off-Street Parking Management System Market by End-user
10.5.6.2 Argentina Off-Street Parking Management System Market
10.5.6.2.1 Argentina Off-Street Parking Management System Market by Component
10.5.6.2.2 Argentina Off-Street Parking Management System Market by Solution
10.5.6.2.3 Argentina Off-Street Parking Management System Market by End-user
10.5.6.3 Rest of South and Central America Off-Street Parking Management System Market
10.5.6.3.1 Rest of South and Central America Off-Street Parking Management System Market by Component
10.5.6.3.2 Rest of South and Central America Off-Street Parking Management System Market by Solution
10.5.6.3.3 Rest of South and Central America Off-Street Parking Management System Market by End-user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. OFF-STREET PARKING MANAGEMENT SYSTEM MARKET, KEY COMPANY PROFILES
12.1. AMANO CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AMCO SA.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CUBIC CORPORATION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. KAPSCH TRAFFICCOM AG
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NORTECH ACCESS CONTROL LTD
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. SKIDATA AG
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. STREETLINE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SWARCO AG
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TIBA PARKING SYSTEMS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. XEROX CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Amano Corporation
2. AMCO SA.
3. Cubic Corporation
4. Kapsch TrafficCom AG
5. Nortech Access Control Ltd
6. SKIDATA AG
7. Streetline
8. SWARCO AG
9. TIBA Parking Systems
10. Xerox Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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