The Automotive Digital Mapping Market is expected to register a CAGR of 6.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Solution, Services); Application (Autonomous Cars, Advance Driver Assistance Systems (ADAS), Fleet Management), The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Automotive Digital Mapping 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.
Automotive Digital Mapping Market Segmentation
Component- Solution
- Services
- Autonomous Cars
- Advance Driver Assistance Systems
- Fleet Management
Strategic Insights
Automotive Digital Mapping Market Growth Drivers- Demand for Advanced Driver-Assistance Systems (ADAS):The rising application of ADAS in newly sold vehicles calls for highly accurate maps to be continuously updated to better reflect real-world conditions.
- Growing Adoption of Autonomous Vehicles (AVs): Maps for AVs have to contain greater road topographies, traffic lights, pedestrians, and other automobiles, which calls for the automotive industry to employ higher ones in mapping. Real-time, high-precision map data is essential for safe navigation in dynamic environments. Moreover, digital maps is one of the critical components of ADAS systems wherein the market growth is further propelled by the rising adoption of technologies such as lane keeping assisting, emergency braking systems, cruise controls, and long range sensing. Moreover, with the rise in adoption of ADAS systems the adoption of real-time digital mapping is also growing which is further pushing the growth of automotive digital mapping market worldwide.
- Growing Adopotion of Connected Vehicles: The rising adoption of connected vehicles is another major factor pushing the growth of automotive digital mapping market. This is mainly due to the demand for digital mapping into autonomous driving systems that uses the feature to calibrate the driving operations while operating. The autonomous connected vehicles rely on digital maps to construct a layout of roadmaps and operate accordingly. This is further pushing the growth of automotive digital mapping market across different regions.
- Growing Adoption of Electric Vehicles: The growth of electric vehicles requires smart infrastructure for charging stations, energy-efficient routes, and optimal energy usage. Digital maps need to integrate information on charging stations, traffic patterns, and routes that reduce energy consumption. Digital maps that highlight EV charging infrastructure, routes with lower energy consumption, and battery life predictions will be increasingly important for EV users.
- Cloud-Based Mapping and Data Sharing: Cloud-based mapping services are growing increasingly popular due to their scalability, real-time, updated, and continually up-to-date maps. The evolution of digital maps requires real-time data integration. With the assistance of cloud computing, the automotive mapping solution can always be updated using real-time data from sensors, GPS, connected vehicles, and more. This trend ensures that more accurate maps are produced and even allow for adaptation to such changes as construction, accidents, or road closures. Increasingly, it will be important for enhancing the efficiency of vehicle navigation, planning, and operations.
- Adoption of 5G Connectivity and High Speed Data Transfer: Data transfer speeds will be significantly enhanced with the rollout of 5G networks, leading to faster updates and sharing of digital maps. Enhanced connectivity will allow for near-real-time updates for AVs and connected vehicles. With 5G, digital maps can be continuously updated; hence, vehicles can change lanes, traffic conditions, or environmental factors with minimal latency, which is important for real-time map data for AVs and ADAS.
- Integration of Real-Time Data and IoT: Cars that are equipped with sensors can produce real-time data about road conditions, traffic, accidents, or even patterns of the weather. This data can then be gathered, interpreted, and used by creating digital maps with continuous improvements to boost the accuracy of navigation.
- Increasing Number of Partnerships and Collaborations: The growing number of partnerships and collaborations between mapping system developers and automotive manufacturers is another major factir likely to generate new opportunities for automotive digital mapping market vendors in the coming years. With the increasing emphasis on putting digital maps into many of the automotive technologies, opportunities for growth and innovation are widely available in partnerships and acquisitions between the automotive, tech, and telecom industries. Companies specializing in mapping can collaborate with OEMs to supply tailored mapping solutions for the navigation and AV technologies in cars. For instance, Google Maps and Apple Maps are already partnering with car makers to have their mapping systems installed in the cars. Large technology companies or auto-makers may also buy small mapping startups or niche-focused 3D mapping technologies such as HD maps, real-time update capabilities to fill up the gaps and add in their portfolio and capability.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Digital Mapping 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 Automotive Digital Mapping 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Automotive Digital Mapping Market is estimated to witness a CAGR of 6.7% from 2023 to 2032
The major factors driving the Automotive Digital Mapping Market are: Growing Adoption of Autonomous Vehicles (AVs)#Demand for Advanced Driver-Assistance Systems (ADAS)
Integration of Real-Time Data and IoT is the key future trend of the Automotive Digital Mapping Market
The leading players operating in the Automotive Digital Mapping Market include Apple Inc., ARC Aerial Imaging Limited, Esri Global, Inc., Google LLC, HERE Global B.V., MapQuest (AOL), MiTAC Holdings Corp, Mitsubishi Electric Corp., Nearmap Ltd
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 the request are an 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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Digital Mapping Market - By Component
1.3.2 Automotive Digital Mapping Market - By Application
1.3.3 Automotive Digital Mapping Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE DIGITAL MAPPING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE DIGITAL MAPPING 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMOTIVE DIGITAL MAPPING MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE DIGITAL MAPPING - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE DIGITAL MAPPING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE DIGITAL MAPPING MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. AUTOMOTIVE DIGITAL MAPPING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTONOMOUS CARS
8.3.1. Overview
8.3.2. Autonomous Cars Market Forecast and Analysis
8.4. ADVANCE DRIVER ASSISTANCE SYSTEMS (ADAS)
8.4.1. Overview
8.4.2. Advance Driver Assistance Systems (ADAS) Market Forecast and Analysis
8.5. FLEET MANAGEMENT
8.5.1. Overview
8.5.2. Fleet Management Market Forecast and Analysis
9. AUTOMOTIVE DIGITAL MAPPING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Digital Mapping Market Overview
9.1.2 North America Automotive Digital Mapping Market Forecasts and Analysis
9.1.3 North America Automotive Digital Mapping Market Forecasts and Analysis - By Component
9.1.4 North America Automotive Digital Mapping Market Forecasts and Analysis - By Application
9.1.5 North America Automotive Digital Mapping Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Digital Mapping Market
9.1.5.1.1 United States Automotive Digital Mapping Market by Component
9.1.5.1.2 United States Automotive Digital Mapping Market by Application
9.1.5.2 Canada Automotive Digital Mapping Market
9.1.5.2.1 Canada Automotive Digital Mapping Market by Component
9.1.5.2.2 Canada Automotive Digital Mapping Market by Application
9.1.5.3 Mexico Automotive Digital Mapping Market
9.1.5.3.1 Mexico Automotive Digital Mapping Market by Component
9.1.5.3.2 Mexico Automotive Digital Mapping Market by Application
9.2. EUROPE
9.2.1 Europe Automotive Digital Mapping Market Overview
9.2.2 Europe Automotive Digital Mapping Market Forecasts and Analysis
9.2.3 Europe Automotive Digital Mapping Market Forecasts and Analysis - By Component
9.2.4 Europe Automotive Digital Mapping Market Forecasts and Analysis - By Application
9.2.5 Europe Automotive Digital Mapping Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Digital Mapping Market
9.2.5.1.1 Germany Automotive Digital Mapping Market by Component
9.2.5.1.2 Germany Automotive Digital Mapping Market by Application
9.2.5.2 France Automotive Digital Mapping Market
9.2.5.2.1 France Automotive Digital Mapping Market by Component
9.2.5.2.2 France Automotive Digital Mapping Market by Application
9.2.5.3 Italy Automotive Digital Mapping Market
9.2.5.3.1 Italy Automotive Digital Mapping Market by Component
9.2.5.3.2 Italy Automotive Digital Mapping Market by Application
9.2.5.4 United Kingdom Automotive Digital Mapping Market
9.2.5.4.1 United Kingdom Automotive Digital Mapping Market by Component
9.2.5.4.2 United Kingdom Automotive Digital Mapping Market by Application
9.2.5.5 Russia Automotive Digital Mapping Market
9.2.5.5.1 Russia Automotive Digital Mapping Market by Component
9.2.5.5.2 Russia Automotive Digital Mapping Market by Application
9.2.5.6 Rest of Europe Automotive Digital Mapping Market
9.2.5.6.1 Rest of Europe Automotive Digital Mapping Market by Component
9.2.5.6.2 Rest of Europe Automotive Digital Mapping Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Digital Mapping Market Overview
9.3.2 Asia-Pacific Automotive Digital Mapping Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Digital Mapping Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Automotive Digital Mapping Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Automotive Digital Mapping Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Digital Mapping Market
9.3.5.1.1 Australia Automotive Digital Mapping Market by Component
9.3.5.1.2 Australia Automotive Digital Mapping Market by Application
9.3.5.2 China Automotive Digital Mapping Market
9.3.5.2.1 China Automotive Digital Mapping Market by Component
9.3.5.2.2 China Automotive Digital Mapping Market by Application
9.3.5.3 India Automotive Digital Mapping Market
9.3.5.3.1 India Automotive Digital Mapping Market by Component
9.3.5.3.2 India Automotive Digital Mapping Market by Application
9.3.5.4 Japan Automotive Digital Mapping Market
9.3.5.4.1 Japan Automotive Digital Mapping Market by Component
9.3.5.4.2 Japan Automotive Digital Mapping Market by Application
9.3.5.5 South Korea Automotive Digital Mapping Market
9.3.5.5.1 South Korea Automotive Digital Mapping Market by Component
9.3.5.5.2 South Korea Automotive Digital Mapping Market by Application
9.3.5.6 Rest of Asia-Pacific Automotive Digital Mapping Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Digital Mapping Market by Component
9.3.5.6.2 Rest of Asia-Pacific Automotive Digital Mapping Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Digital Mapping Market Overview
9.4.2 Middle East and Africa Automotive Digital Mapping Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Digital Mapping Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Automotive Digital Mapping Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Automotive Digital Mapping Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Digital Mapping Market
9.4.5.1.1 South Africa Automotive Digital Mapping Market by Component
9.4.5.1.2 South Africa Automotive Digital Mapping Market by Application
9.4.5.2 Saudi Arabia Automotive Digital Mapping Market
9.4.5.2.1 Saudi Arabia Automotive Digital Mapping Market by Component
9.4.5.2.2 Saudi Arabia Automotive Digital Mapping Market by Application
9.4.5.3 U.A.E Automotive Digital Mapping Market
9.4.5.3.1 U.A.E Automotive Digital Mapping Market by Component
9.4.5.3.2 U.A.E Automotive Digital Mapping Market by Application
9.4.5.4 Rest of Middle East and Africa Automotive Digital Mapping Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Digital Mapping Market by Component
9.4.5.4.2 Rest of Middle East and Africa Automotive Digital Mapping Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Digital Mapping Market Overview
9.5.2 South and Central America Automotive Digital Mapping Market Forecasts and Analysis
9.5.3 South and Central America Automotive Digital Mapping Market Forecasts and Analysis - By Component
9.5.4 South and Central America Automotive Digital Mapping Market Forecasts and Analysis - By Application
9.5.5 South and Central America Automotive Digital Mapping Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Digital Mapping Market
9.5.5.1.1 Brazil Automotive Digital Mapping Market by Component
9.5.5.1.2 Brazil Automotive Digital Mapping Market by Application
9.5.5.2 Argentina Automotive Digital Mapping Market
9.5.5.2.1 Argentina Automotive Digital Mapping Market by Component
9.5.5.2.2 Argentina Automotive Digital Mapping Market by Application
9.5.5.3 Rest of South and Central America Automotive Digital Mapping Market
9.5.5.3.1 Rest of South and Central America Automotive Digital Mapping Market by Component
9.5.5.3.2 Rest of South and Central America Automotive Digital Mapping Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE DIGITAL MAPPING MARKET, KEY COMPANY PROFILES
11.1. APPLE INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARC AERIAL IMAGING LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ESRI GLOBAL, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GOOGLE LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HERE GLOBAL B.V.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MAPQUEST (AOL)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MITAC HOLDINGS CORP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MITSUBISHI ELECTRIC CORP.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NEARMAP LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOMTOM NV
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.Apple Inc.
2.ARC Aerial Imaging Limited
3.Esri Global, Inc.
4.Google LLC
5.HERE Global B.V.
6.MapQuest (AOL)
7.MiTAC Holdings Corp
8.Mitsubishi Electric Corp.
9.Nearmap Ltd
10.Tomtom NV
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.
Get Free Sample For