Parking Management Market to Grow at a CAGR of 4.9% to reach US$ 45,125.82 million from 2021 to 2028
The Parking Management market is expected to grow from US$ 32,221.73 million in 2021 to US$ 45,125.82 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021–2028.
The major cities in several countries across the globe are adopting smart technologies heavily with an objective to reduce day to day traffic and parking challenges. Traffic and parking spots have been long-lasting problems in both developed as well as emerging regions worldwide. At present, the smart parking technologies is revolutionizing the car park management, and the demand for intelligent parking technologies is exponentially growing. The smart technologies, which are experiencing tremendous growth in the current parking management system include parking guidance information systems, automated parking, smart parking payment system and parking reservation systems. In addition to these technologies, demand for security and safety of the parked vehicles is also increasing rapidly among the drivers and the vehicle owners, which is propelling the procurement of parking surveillance system, thereby creating substantial market space for parking management companies to grow over the years.
Impact of COVID-19 Pandemic on Parking Management Market
The COVID-19 pandemic has shaken several industries across the world. The lockdown hindered the operations of various industries, including manufacturing and IT. However, essential industries such as fast-moving consumer goods (FMCG) and pharmaceutical had to continue their operations. The outbreak has led to disruptions in primary industries including electronics, semiconductor, and automotive. A sharp decline in the growth of mentioned industries is limiting the Parking Management market growth. Factory shutdowns, travel and trade bans, and border lockdowns to combat and contain the infection have impacted the working of many commercial and corporate buildings across the world. At present, the US is the world’s worst-affected country due to COVID-19 outbreak. The majority public entities and municipalities depends on parking taxes and parking revenue to fund several big projects for citizens in the country. The corporate buildings, CBDs, universities, shopping centers, hospitals, hotels, airports, and many others consist of great parking facilities and services to efficiently handle their business functions. Owing to the impact of COVID-19 pandemic, the cross-board activities and maintaining social distancing for supporting the slow-down of the virus spread, the parking industry is being impacted very hard. Many businesses have been under tremendous pressure to survive, and hundreds of thousands of frontline workers are losing jobs. The real time monitoring dynamics of over 2,000 parking facilities across the North America, as well as the observations to improve quantitatively understand the impact of COVID-19 to parking.
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Parking Management Market: Strategic Insights
Market Size Value in US$ 32,221.73 Million in 2021 Market Size Value by US$ 45,125.82 Million by 2028 Growth rate CAGR of 4.9% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Parking Management Market: Strategic Insights
| Market Size Value in | US$ 32,221.73 Million in 2021 |
| Market Size Value by | US$ 45,125.82 Million by 2028 |
| Growth rate | CAGR of 4.9% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Parking Management Market Insights
Increasing Partnerships and Mergers to Stimulate the Parking Management in Urban Areas
The parking management systems market across the globe is highly fragmented, as several players are operating in the industry with their respective technologies and services. This has created substantial complexities among the end users of parking management systems. The need and demand for technologically enhanced parking management system is continuously increasing in the developed regions as well as emerging areas across the globe. The parking management market players have a significant opportunity to grow it the near future by partnering with other parking management service providers and governments. Partnerships among the service providers facilitate to provide bespoke services which are expected to drive the market to a great extent. For instance, in July 2021, Passport has enabled parking payments to be paid directly through the Uconnect infotainment system in Chrysler, Dodge, Jeep, and Ram cars, thanks to a partnership with Xevo, a leader in connected-car technologies and innovative user experiences. Similarly, in 2020, T2 Systems, a parking technology company, has collaborated with TEZ, the creators of TEXT2PARK, to offer T2 MobilePay, a mobile parking payment solution that gives users an easy and convenient method to pay for parking on their cellphones while giving operators control over their data and revenue.
Parking Site - Based Market Insights
Based on parking site, the global parking management market is segmented into on-street parking and off-street parking. In 2020, the off-street parking segment led the parking site segment and accounted for a larger market share.
Solutions-Based Market Insights
Based on solution, the parking management market is segmented into parking guidance solutions, parking reservation solutions, parking security & surveillance solutions, and others. In 2020, the others segment led the parking management market and accounted for the largest market share.
Services-Based Market Insights
Based on services, the parking management market is segmented into managed services and professional services. In 2020, the managed services segment led the parking management market and accounted for a larger market share.
Deployment-Based Market Insights
Based on Deployment, the parking management market is segmented into cloud and on-premise. In 2020, the on-premise segment led the parking management market and accounted for a larger market share.
The players operating in the parking management market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In August 2021, T2 Systems' Mobile Enforcement Software (MEA), a citation issuance app for iPhones, iPads, and Android tablets, now interacts with Genetec's AutoVu automated licence plate recognition (ALPR) system, giving parking operations a mobile LPR-based enforcement solution.
- In August 2021, ParkMobile, the #1 mobile parking app in the U.S. has announced today a new strategic partnership agreement with TIBA Parking Systems, a member of the FAAC group - the largest manufacturer of Parking Management Systems in North America, to provide contactless payment options at gated garage locations.The global parking management market has been segmented as mentioned below:
Parking Management Market Report Scope
By Parking Site
- On-street
- Off-street
By Solutions
- Parking Guidance Systems
- Parking Reservation
- Parking Security & Surveillance
- Others
By Services
- Managed Services
- Professional Services
By Deployment Type
- Cloud
- On-premise
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Flowbird Group
- PASSPORT LABS, INC.
- T2 Systems, Inc
- TIBA PARKING SYSTEMS
- Group Indigo
- Precise ParkLink
- FlashParking
- Amano Corporation
- Robert Bosch GmbH
- Siemens AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Parking Site , Solutions , Services , Deployment
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
APAC held the significant market share in year 2020, along with the notable revenue generation opportunities in Europe and North America.
The key vendor operating in the field of parking management across the globe include Indigo Parking Service, Streetline, Flowbird Group, Parkmobile, TIBA Parking, Smart Parking Limited, T2 Systems, Swarco, Passport Inc., and Siemens AG.
Smart parking systems require the congruence among its core hardware devices and software applications. Currently, there are hundreds of companies providing equipment or services to the intelligent parking industry, making it uncertain to the extent at which software and hardware standards are shared across distinct equipment vendors coupled with the blends of equipment years that makes the existing facility unpredictable quite often. All hardware devices need to be compatible with all software services. Thus, the organizations working on smart parking systems need to combine and develop a standard, thereby eliminating compatibility issues and in turn eliminating a barrier in the development of the smart parking systems market to a great extent..
Based on parking site, the global parking management market is segmented into on-street parking and off-street parking. In 2020, the off-street parking segment led the parking management segment accounted for a larger share in the market.
The parking management systems market across the globe is highly fragmented, as several players are operating in the industry with their respective technologies and services. This has created substantial complexities among the end users of parking management systems. The need and demand for technologically enhanced parking management system is continuously increasing in the developed regions as well as emerging areas across the globe. The parking management market players have a significant opportunity to grow it the near future by partnering with other parking management service providers and governments.
Significant rise in number of vehicles on road are driving the growth of the global parking management market.
Rising adoption of smart technologies in parking management is influencing the growth of the parking management market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Parking Management Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Parking Management Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Significant Rise in Number of Vehicles on Road
5.1.2 Rising Adoption of Smart Technologies in Parking Management
5.2 Market Restraints
5.2.1 Limited Awareness among the Consumers in Developing Countries
5.3 Market Opportunities
5.3.1 Accentuating Development of Contactless Parking System
5.3.2 Increasing Partnerships and Mergers to Stimulate the Parking Management in Urban Areas
5.4 Future Trends
5.4.1 Simplification of Technologies and Reduction in Cost of the Systems
5.5 Impact Analysis of Drivers and Restraints
6. Parking Management Market – Global Analysis
6.1 Parking Management Market Global Overview
6.2 Parking Management Market – Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Parking Management Market Analysis – by Parking Site
7.1 Overview
7.2 Global Parking Management Market Breakdown, By Parking Site, 2020 & 2028
7.3 On-Street Parking Management Market
7.3.1 Overview
7.3.2 On-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Off-Street Parking Management Market
7.4.1 Overview
7.4.2 Off-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
8. Parking Management Market Revenue And Forecasts to 2028 – Solutions
8.1 Overview
8.2 Global Parking Management Market Breakdown, By Solution, 2020 & 2028
8.3 Parking Guidance Solution Market
8.3.1 Overview
8.3.2 Parking Guidance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Parking Reservation Solution Market
8.4.1 Overview
8.4.2 Parking Reservation Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Parking Security & Surveillance Solution Market
8.5.1 Overview
8.5.2 Parking Security & Surveillance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Others market
8.6.1 Overview
8.6.2 Others: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
9. Parking Management Market Revenue And Forecasts to 2028 – Services
9.1 Overview
9.2 Global Parking Management Market Breakdown, By Services, 2020 & 2028
9.3 Managed Services Market
9.3.1 Overview
9.3.2 Managed Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Professional Services Market
9.4.1 Overview
9.4.2 Professional Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
10. Parking Management Market Revenue and Forecasts To 2028 – Deployment Type
10.1 Overview
10.2 Global Parking Management Market Breakdown, By Deployment Type, 2020 & 2028
10.3 On-Premises Deployment Market
10.3.1 Overview
10.3.2 On-Premises Deployment: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Cloud Deployment Market
10.4.1 Overview
10.4.2 Cloud Deployment: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
11. Parking Management Market – Geographic Analysis
11.1 Overview
11.2 North America: Parking Management Market
11.2.1 North America: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Parking Management Market- by Parking Site
11.2.3 North America: Parking Management Market- By Solution
11.2.4 North America: Parking Management Market- By Services
11.2.5 North America: Parking Management Market- By Deployment Type
11.2.6 North America: Parking Management Market- by Key Country
11.2.6.1 US: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Parking Management Market- by Parking Site
11.2.6.1.2 US: Parking Management Market- By Solution
11.2.6.1.3 US: Parking Management Market- By Services
11.2.6.1.4 US: Parking Management Market- By Services
11.2.6.2 Canada: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Parking Management Market- by Parking Site
11.2.6.2.2 Canada: Parking Management Market- By Solution
11.2.6.2.3 Canada: Parking Management Market- By Services
11.2.6.2.4 Canada: Parking Management Market- By Deployment Type
11.2.6.3 Mexico: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Parking Management Market- by Parking Site
11.2.6.3.2 Mexico: Parking Management Market- By Solution
11.2.6.3.3 Mexico: Parking Management Market- By Services
11.2.6.3.4 Mexico: Parking Management Market- By Deployment Type
11.3 Europe: Parking Management Market
11.3.1 Europe: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Parking Management Market- by Parking Site
11.3.3 Europe: Parking Management Market- By Solution
11.3.4 Europe: Parking Management Market- By Services
11.3.5 Europe: Parking Management Market- by Key Country
11.3.5.1 Germany: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.3.5.1.1 Germany: Parking Management Market- by Parking Site
11.3.5.1.2 Germany: Parking Management Market- By Solution
11.3.5.1.3 Germany: Parking Management Market- By Services
11.3.5.1.4 Germany: Parking Management Market- By Deployment Type
11.3.5.2 France: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.3.5.2.1 France: Parking Management Market- by Parking Site
11.3.5.2.2 France: Parking Management Market- By Solution
11.3.5.2.3 France: Parking Management Market- By Services
11.3.5.2.4 France: Parking Management Market- By Deployment Type
11.3.5.3 Italy: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.3.5.3.1 Italy: Parking Management Market- by Parking Site
11.3.5.3.2 Italy: Parking Management Market- By Solution
11.3.5.3.3 Italy: Parking Management Market- By Services
11.3.5.3.4 Italy: Parking Management Market- By Deployment Type
11.3.5.4 UK: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.3.5.4.1 UK: Parking Management Market- by Parking Site
11.3.5.4.2 UK: Parking Management Market- By Solution
11.3.5.4.3 UK: Parking Management Market- By Services
11.3.5.4.4 UK: Parking Management Market- By Deployment Type
11.3.5.5 Russia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.3.5.5.1 Russia: Parking Management Market- by Parking Site
11.3.5.5.2 Russia: Parking Management Market- By Solution
11.3.5.5.3 Russia: Parking Management Market- By Services
11.3.5.5.4 Russia: Parking Management Market- By Deployment Type
11.3.5.6 Rest of Europe: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.3.5.6.1 Rest of Europe: Parking Management Market- by Parking Site
11.3.5.6.2 Rest of Europe: Parking Management Market- By Solution
11.3.5.6.3 Rest of Europe: Parking Management Market- By Services
11.3.5.6.4 Rest of Europe: Parking Management Market- By Deployment Type
11.4 APAC: Parking Management Market
11.4.1 APAC: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Parking Management Market- by Parking Site
11.4.3 APAC: Parking Management Market- By Solution
11.4.4 APAC: Parking Management Market- By Services
11.4.5 APAC: Parking Management Market- By Deployment Type
11.4.6 APAC: Parking Management Market- by Key Country
11.4.6.1 Australia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Parking Management Market- by Parking Site
11.4.6.1.2 Australia: Parking Management Market- By Solution
11.4.6.1.3 Australia: Parking Management Market- By Services
11.4.6.1.4 Australia: Parking Management Market- By Deployment Type
11.4.6.2 China: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Parking Management Market- by Parking Site
11.4.6.2.2 China: Parking Management Market- By Solution
11.4.6.2.3 China: Parking Management Market- By Services
11.4.6.2.4 China: Parking Management Market- By Deployment Type
11.4.6.3 India: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Parking Management Market- by Parking Site
11.4.6.3.2 India: Parking Management Market- By Solution
11.4.6.3.3 India: Parking Management Market- By Services
11.4.6.3.4 India: Parking Management Market- By Deployment Type
11.4.6.4 Japan: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Parking Management Market- by Parking Site
11.4.6.4.2 Japan: Parking Management Market- By Solution
11.4.6.4.3 Japan: Parking Management Market- By Services
11.4.6.4.4 Japan: Parking Management Market- By Deployment Type
11.4.6.5 South Korea: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Parking Management Market- by Parking Site
11.4.6.5.2 South Korea: Parking Management Market- By Solution
11.4.6.5.3 South Korea: Parking Management Market- By Services
11.4.6.5.4 South Korea: Parking Management Market- By Deployment Type
11.4.6.6 Rest of APAC: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Parking Management Market- by Parking Site
11.4.6.6.2 Rest of APAC: Parking Management Market- By Solution
11.4.6.6.3 Rest of APAC: Parking Management Market- By Services
11.4.6.6.4 Rest of APAC: Parking Management Market- By Deployment Type
11.5 MEA: Parking Management Market
11.5.1 MEA: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Parking Management Market- by Parking Site
11.5.3 MEA: Parking Management Market- By Solution
11.5.4 MEA: Parking Management Market- By Services
11.5.5 MEA: Parking Management Market- By Deployment Type
11.5.6 MEA: Parking Management Market- by Key Country
11.5.6.1 South Africa: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Parking Management Market- by Parking Site
11.5.6.1.2 South Africa: Parking Management Market- By Solution
11.5.6.1.3 South Africa: Parking Management Market- By Services
11.5.6.1.4 South Africa: Parking Management Market- By Deployment Type
11.5.6.2 Saudi Arabia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Parking Management Market- by Parking Site
11.5.6.2.2 Saudi Arabia: Parking Management Market- By Solution
11.5.6.2.3 Saudi Arabia: Parking Management Market- By Services
11.5.6.2.4 Saudi Arabia: Parking Management Market- By Deployment Type
11.5.6.3 UAE: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Parking Management Market- by Parking Site
11.5.6.3.2 UAE: Parking Management Market- By Solution
11.5.6.3.3 UAE: Parking Management Market- By Services
11.5.6.3.4 UAE: Parking Management Market- By Deployment Type
11.5.6.4 Rest of MEA: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Parking Management Market- by Parking Site
11.5.6.4.2 Rest of MEA: Parking Management Market- By Solution
11.5.6.4.3 Rest of MEA: Parking Management Market- By Services
11.5.6.4.4 Rest of MEA: Parking Management Market- By Deployment Type
11.6 SAM: Parking Management Market
11.6.1 SAM: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Parking Management Market- by Parking Site
11.6.3 SAM: Parking Management Market- By Solution
11.6.4 SAM: Parking Management Market- By Services
11.6.5 SAM: Parking Management Market- By Deployment Type
11.6.6 SAM: Parking Management Market- by Key Country
11.6.6.1 Brazil: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Parking Management Market- by Parking Site
11.6.6.1.2 Brazil: Parking Management Market- By Solution
11.6.6.1.3 Brazil: Parking Management Market- By Services
11.6.6.1.4 Brazil: Parking Management Market- By Deployment Type
11.6.6.2 Argentina: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Parking Management Market- by Parking Site
11.6.6.2.2 Argentina: Parking Management Market- By Solution
11.6.6.2.3 Argentina: Parking Management Market- By Services
11.6.6.2.4 Argentina: Parking Management Market- By Deployment Type
11.6.6.3 Rest of SAM: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Parking Management Market- by Parking Site
11.6.6.3.2 Rest of SAM: Parking Management Market- By Solution
11.6.6.3.3 Rest of SAM: Parking Management Market- By Services
11.6.6.3.4 Rest of SAM: Parking Management Market- By Deployment Type
12. Parking Management Market- COVID-19 Impact Analysis
12.1 Overview
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 Middle East and Africa
12.6 South America
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Flowbird Group
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 PASSPORT LABS, INC.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 T2 Systems, Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 TIBA PARKING SYSTEMS
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 GROUP Indigo
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 PRECISE PARKLINK INC.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 FlashParking
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Amano Corporation.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Robert Bosch GmbH
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Siemens AG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Parking Management Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America: Parking Management Market- by Parking Site – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Parking Management Market- By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Parking Management Market- By Services – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Parking Management Market- By Services – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Parking Management Market- by Parking Site – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Parking Management Market- By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Parking Management Market- By Services – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 25. France: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 26. France: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 27. France: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 29. Italy: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 30. Italy: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 31. Italy: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 33. UK: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 34. UK: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 35. UK: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 37. Russia: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 38. Russia: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 39. Russia: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 41. Rest of Europe: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 42. Rest of Europe: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 43. Rest of Europe: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 45. APAC: Parking Management Market- by Parking Site – Revenue and Forecast to 2028 (US$ Million)
Table 46. APAC: Parking Management Market- By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 47. APAC: Parking Management Market- By Services – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Parking Management Market- By Deployment Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. Australia: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 50. Australia: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 52. Australia: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 53. China: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 54. China: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 55. China: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 56. China: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 57. India: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 58. India: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 59. India: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 60. India: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 61. Japan: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 62. Japan: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 63. Japan: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 64. Japan: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 65. South Korea: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 66. South Korea: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 67. South Korea: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 68. South Korea: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of APAC: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of APAC: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of APAC: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of APAC: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 73. MEA: Parking Management Market- by Parking Site– Revenue and Forecast to 2028 (US$ Million)
Table 74. MEA: Parking Management Market- By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 75. MEA: Parking Management Market- By Services – Revenue and Forecast to 2028 (US$ Million)
Table 76. MEA: Parking Management Market- By Deployment Type – Revenue and Forecast to 2028 (US$ Million)
Table 77. South Africa: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 78. South Africa: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 79. South Africa: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 80. South Africa: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 81. Saudi Arabia: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 82. Saudi Arabia: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 83. Saudi Arabia: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 84. Saudi Arabia: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 85. UAE: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 86. UAE: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 87. UAE: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 88. UAE: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 89. Rest of MEA: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 90. Rest of MEA: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 91. Rest of MEA: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 92. Rest of MEA: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 93. SAM: Parking Management Market- by Parking Site – Revenue and Forecast to 2028 (US$ Million)
Table 94. SAM: Parking Management Market- By Solution – Revenue and Forecast to 2028 (US$ Million)
Table 95. SAM: Parking Management Market- By Services – Revenue and Forecast to 2028 (US$ Million)
Table 96. SAM: Parking Management Market- By Deployment Type – Revenue and Forecast to 2028 (US$ Million)
Table 97. Brazil: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 98. Brazil: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 99. Brazil: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 100. Brazil: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 101. Argentina: Parking Management Market- by Parking Site –Revenue and Forecast to 2028 (US$ Million)
Table 102. Argentina: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 103. Argentina: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 104. Argentina: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 105. Rest of SAM: Parking Management Market- by Parking Site–Revenue and Forecast to 2028 (US$ Million)
Table 106. Rest of SAM: Parking Management Market- By Solution –Revenue and Forecast to 2028 (US$ Million)
Table 107. Rest of SAM: Parking Management Market- By Services –Revenue and Forecast to 2028 (US$ Million)
Table 108. Rest of SAM: Parking Management Market- By Deployment Type –Revenue and Forecast to 2028 (US$ Million)
Table 109. List of Abbreviation
LIST OF FIGURES
Figure 1. Parking Management Market Segmentation
Figure 2. Parking Management Market Segmentation – By Geography
Figure 3. Global Parking Management Market Overview
Figure 4. Off-Street Segment Held the Largest Market Share in 2020
Figure 5. Parking Guidance Solution Held the Largest Market Share in 2020
Figure 6. Managed Services Held the Largest Market Share in 2020
Figure 7. APAC was the Largest Revenue Contributor in 2020
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia-Pacific – PEST Analysis
Figure 11. Middle East and Africa – PEST Analysis
Figure 12. South America – PEST Analysis
Figure 13. Expert Opinion
Figure 14. Parking Management Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Parking Management Market
Figure 16. Global Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Parking Management Market Breakdown, By Parking Site, 2020 & 2028 (%)
Figure 18. On-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Off-Street Parking Management: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Global Parking management Market Breakdown, By Solution, 2020 & 2028 (%)
Figure 21. Parking Guidance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Parking Reservation Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Parking Security & Surveillance Solution: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Global Parking Management Market Breakdown, By Services, 2020 & 2028 (%)
Figure 26. Managed Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Professional Services: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Global Parking Management Market Breakdown, By Deployment Type, 2020 & 2028 (%)
Figure 29. On-Premises Deployment Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Cloud Deployment: Parking Management Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Parking Management Market Revenue Share, By Region (2020 and 2028)
Figure 32. North America: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Parking Management Market Revenue Share, by Parking Site (2020 and 2028)
Figure 34. North America: Parking Management Market Revenue Share, By Solution (2020 and 2028)
Figure 35. North America: Parking Management Market Revenue Share, By Services (2020 and 2028)
Figure 36. North America: Parking Management Market Revenue Share, By Deployment Type (2020 and 2028)
Figure 37. North America: Parking Management Market Revenue Share, by Key Country (2020 and 2028)
Figure 38. US: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Canada: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Mexico: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Europe: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Parking Management Market Revenue Share, By Parking Site (2020 and 2028)
Figure 43. Europe: Parking Management Market Revenue Share, By Solution (2020 and 2028)
Figure 44. Europe: Parking Management Market Revenue Share, By Services (2020 and 2028)
Figure 45. Europe: Parking Management Market Revenue Share, By Key Country (2020 and 2028)
Figure 46. Germany: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. France: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Italy: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. UK: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Russia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Europe: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. APAC: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. APAC: Parking Management Market Revenue Share, By Parking Site (2020 and 2028)
Figure 54. APAC: Parking Management Market Revenue Share, By Solution (2020 and 2028)
Figure 55. APAC: Parking Management Market Revenue Share, By Services (2020 and 2028)
Figure 56. APAC: Parking Management Market Revenue Share, By Deployment Type (2020 and 2028)
Figure 57. APAC: Parking Management Market Revenue Share, By Key Country (2020 and 2028)
Figure 58. Australia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. China: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. India: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Japan: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. South Korea: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of APAC: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. MEA: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. MEA: Parking Management Market Revenue Share, By Parking Site (2020 and 2028)
Figure 66. MEA: Parking Management Market Revenue Share, By Solution (2020 and 2028)
Figure 67. MEA: Parking Management Market Revenue Share, By Services (2020 and 2028)
Figure 68. MEA: Parking Management Market Revenue Share, By Deployment Type (2020 and 2028)
Figure 69. MEA: Parking Management Market Revenue Share, By Key Country (2020 and 2028)
Figure 70. South Africa: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Saudi Arabia: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. UAE: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of MEA: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. SAM: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. SAM: Parking Management Market Revenue Share, By Parking Site (2020 and 2028)
Figure 76. SAM: Parking Management Market Revenue Share, By Solution (2020 and 2028)
Figure 77. SAM: Parking Management Market Revenue Share, By Services (2020 and 2028)
Figure 78. SAM: Parking Management Market Revenue Share, By Deployment Type (2020 and 2028)
Figure 79. SAM: Parking Management Market Revenue Share, By Key Country (2020 and 2028)
Figure 80. Brazil: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. Argentina: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 82. Rest of SAM: Parking Management Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Impact of COVID-19 Pandemic in North American Country Markets
Figure 84. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 85. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 86. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 87. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Parking Management Market
- Indigo Parking Service
- Streetline
- Flowbird Group
- Parkmobile
- TIBA Parking
- Smart Parking Limited
- T2 Systems
- Swarco
- Passport Inc.
- Siemens AG
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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