Key Insights
The global automotive automated parking system market is experiencing robust growth, projected to reach a substantial size driven by increasing urbanization, limited parking space in densely populated areas, and rising demand for smart city infrastructure. The market's Compound Annual Growth Rate (CAGR) of 16.96% from 2019 to 2024 indicates significant potential, and this upward trajectory is expected to continue throughout the forecast period (2025-2033). Key drivers include technological advancements in automated parking technologies, such as robotic systems and automated guided vehicles (AGVs), improving efficiency and optimizing parking space utilization. Furthermore, the integration of these systems with smart city initiatives and the increasing adoption of IoT sensors for real-time monitoring and management contribute to market expansion. The residential segment is expected to witness significant growth due to the rising demand for convenient parking solutions in apartment complexes and high-rise buildings. However, the high initial investment cost associated with implementing automated parking systems remains a significant restraint, particularly for smaller projects and less developed regions. The market is segmented by system type (hardware and software) and end-user (residential and commercial), with hardware commanding a larger market share due to the substantial physical infrastructure required for automated parking systems. Leading companies like Skyline Parking, Unitronics Corporation, and Klaus Multiparking are actively shaping market dynamics through innovation and strategic partnerships, fostering competition and driving further market growth. Geographically, North America and Europe are currently leading the market adoption, but significant growth opportunities exist in the Asia-Pacific region due to rapid urbanization and infrastructural development.
Automotive Automated Parking System Market Market Size (In Billion)
The competitive landscape is characterized by a mix of established players and emerging companies. Established companies benefit from brand recognition and extensive experience, while emerging players are contributing to innovation and driving competitive pricing. Future growth will likely depend on the integration of advanced technologies such as artificial intelligence (AI) for optimized space management and autonomous vehicle integration. Continued improvements in cost-effectiveness and energy efficiency will be crucial for broader market penetration, particularly in emerging economies. Government regulations and incentives promoting sustainable urban development will further propel the market forward. The software component of the market is projected to experience high growth due to the increasing demand for sophisticated parking management systems, enabling real-time monitoring, booking, and payment processing. The market's continued expansion hinges on overcoming challenges related to regulatory approvals and the integration of automated parking systems into existing infrastructure.
Automotive Automated Parking System Market Company Market Share
Automotive Automated Parking System Market: A Comprehensive Report (2019-2033)
This comprehensive report provides an in-depth analysis of the Automotive Automated Parking System Market, encompassing market dynamics, growth trends, regional segmentation, product landscape, key players, and future outlook. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. The report leverages extensive data analysis and industry insights to offer a clear understanding of this evolving market, specifically focusing on its parent market (Automated Parking Systems) and child market (Automotive applications within Automated Parking Systems). The market size is projected to reach xx Million units by 2033.
Automotive Automated Parking System Market Dynamics & Structure
The Automotive Automated Parking System market is characterized by moderate concentration, with key players holding significant market share. Technological innovation, driven by advancements in AI, sensor technology, and robotics, is a primary growth driver. Stringent safety regulations and evolving infrastructure requirements influence market dynamics. Competitive substitutes include traditional parking solutions, but the increasing demand for efficient space utilization and improved parking convenience favors automated systems. The end-user demographic is predominantly commercial (e.g., shopping malls, airports) and residential (high-rise buildings, apartments), with commercial sectors currently exhibiting higher adoption rates. Mergers and acquisitions (M&A) activity has been moderate, with a focus on expanding product portfolios and technological capabilities.
- Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% of market share in 2024.
- Technological Innovation: Significant advancements in AI, sensor fusion, and control systems are driving market growth.
- Regulatory Framework: Stringent safety and operational standards influence market adoption.
- Competitive Substitutes: Traditional parking garages and valet services pose competition, but automated systems offer efficiency and convenience advantages.
- End-User Demographics: Primarily commercial (xx%) and residential (xx%) applications, with commercial segments leading in adoption.
- M&A Trends: Moderate M&A activity observed, focusing on technological integration and market expansion. Approximately xx deals were recorded between 2019-2024.
Automotive Automated Parking System Market Growth Trends & Insights
The Automotive Automated Parking System market has witnessed significant growth from 2019 to 2024, with a Compound Annual Growth Rate (CAGR) of xx%. This growth is primarily attributed to the increasing urbanization, rising demand for efficient parking solutions, and technological advancements. Market penetration remains relatively low (xx% in 2024) indicating substantial growth potential. Technological disruptions, including the introduction of autonomous vehicle technologies and improved sensor integration, are poised to further accelerate market growth. Consumer behavior shifts towards convenience and time-saving solutions are driving the adoption of automated parking systems. The forecast period (2025-2033) projects a CAGR of xx%, reaching a projected market size of xx Million units by 2033.
Dominant Regions, Countries, or Segments in Automotive Automated Parking System Market
North America currently dominates the Automotive Automated Parking System market, driven by high disposable incomes, robust infrastructure development, and early adoption of advanced technologies. Within North America, the United States holds the largest market share. The commercial segment displays higher growth potential compared to the residential segment due to high demand from large-scale infrastructure projects such as shopping malls and airports. In terms of systems, the hardware segment currently holds a larger market share, but software solutions are expected to gain traction due to increasing integration of AI-based control systems.
- Key Drivers for North American Dominance: High disposable incomes, advanced infrastructure, early adoption of new technologies.
- Commercial Segment Dominance: Higher adoption rates due to economic viability and efficiency gains in large-scale facilities.
- Hardware Segment Leadership: Currently larger market share due to established infrastructure, but software is expected to grow faster.
- Growth Potential: Asia-Pacific is expected to exhibit significant growth over the forecast period, driven by increasing urbanization and infrastructure investments.
Automotive Automated Parking System Market Product Landscape
The Automotive Automated Parking System market offers a range of products, from simple automated retrieval systems to highly sophisticated AI-powered solutions. These systems vary in terms of capacity, automation level, and integration with other building management systems. Product innovation focuses on enhancing efficiency, safety, and user experience. Key technological advancements include improved sensor technologies (LiDAR, cameras, ultrasound), advanced control algorithms, and cloud-based connectivity for real-time monitoring and management. Unique selling propositions (USPs) often center on system efficiency, scalability, and ease of integration with existing infrastructure.
Key Drivers, Barriers & Challenges in Automotive Automated Parking System Market
Key Drivers:
- Increasing urbanization and space constraints.
- Growing demand for efficient and convenient parking solutions.
- Advancements in AI, sensor technology, and robotics.
- Government initiatives promoting smart city development.
Challenges & Restraints:
- High initial investment costs for system installation and implementation.
- Concerns regarding system reliability and safety.
- Complex integration with existing infrastructure.
- Potential cybersecurity vulnerabilities.
- Regulatory hurdles and standardization issues. These hurdles impose a significant xx% reduction in market potential.
Emerging Opportunities in Automotive Automated Parking System Market
- Expansion into developing economies with high urbanization rates.
- Integration with autonomous vehicle technologies.
- Development of modular and scalable systems for adaptable deployments.
- Enhanced user interfaces and mobile applications for improved accessibility.
- Development of systems integrating electric vehicle charging capabilities.
Growth Accelerators in the Automotive Automated Parking System Market Industry
Technological breakthroughs in AI and robotics are significantly enhancing system efficiency and performance, driving accelerated growth. Strategic partnerships between technology providers and parking facility operators are fostering wider market adoption. Expansion into new geographic regions and applications, particularly in developing countries experiencing rapid urbanization, provides significant growth opportunities.
Key Players Shaping the Automotive Automated Parking System Market Market
- Skyline Parking
- Unitronics Corporation
- Klaus Multiparking
- Dayang Parking Company Ltd
- Fata Automation
- Lodgie Industries
- Eito and Global
- ShinMaywa Industries
- Citylift
- Westfalia Parking
- Wohr Parking
- ParkPlus Inc
Notable Milestones in Automotive Automated Parking System Market Sector
- February 2022: Nvidia and Jaguar Land Rover partnership to develop software-defined automated driving features, including advanced parking functionalities. This highlights the increasing integration of automated parking within broader autonomous driving technologies.
- January 2022: Fauceria's acquisition of Hella Electronics expands its portfolio in automotive technology, including automated parking systems. This demonstrates the consolidation and strategic investment in the sector.
In-Depth Automotive Automated Parking System Market Market Outlook
The Automotive Automated Parking System market is poised for substantial growth driven by continuous technological advancements, increasing urbanization, and heightened demand for efficient parking solutions. Strategic partnerships and expansions into untapped markets will further fuel market expansion. The integration of AI and autonomous vehicle technologies presents significant opportunities for innovation and market disruption, leading to the development of more efficient, safe, and user-friendly automated parking systems. This creates a compelling long-term growth outlook for industry players who can effectively adapt to these evolving market dynamics.
Automotive Automated Parking System Market Segmentation
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1. System
- 1.1. Hardware
- 1.2. Software
-
2. End User
- 2.1. Residential
- 2.2. Commercial
Automotive Automated Parking System Market Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Rest of North America
-
2. Europe
- 2.1. Germany
- 2.2. United Kingdom
- 2.3. France
- 2.4. Rest of Europe
-
3. Asia Pacific
- 3.1. India
- 3.2. China
- 3.3. Japan
- 3.4. South Korea
- 3.5. Rest of Asia Pacific
-
4. Rest of the World
- 4.1. South America
- 4.2. Middle East and Africa
Automotive Automated Parking System Market Regional Market Share
Geographic Coverage of Automotive Automated Parking System Market
Automotive Automated Parking System Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 16.96% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rise in Tourism Across Activities the Country
- 3.3. Market Restrains
- 3.3.1. Hike In Fuel Prices To Restrict The Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Demand for Autonomous Vehicles
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Automotive Automated Parking System Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by System
- 5.1.1. Hardware
- 5.1.2. Software
- 5.2. Market Analysis, Insights and Forecast - by End User
- 5.2.1. Residential
- 5.2.2. Commercial
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Rest of the World
- 5.1. Market Analysis, Insights and Forecast - by System
- 6. North America Automotive Automated Parking System Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by System
- 6.1.1. Hardware
- 6.1.2. Software
- 6.2. Market Analysis, Insights and Forecast - by End User
- 6.2.1. Residential
- 6.2.2. Commercial
- 6.1. Market Analysis, Insights and Forecast - by System
- 7. Europe Automotive Automated Parking System Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by System
- 7.1.1. Hardware
- 7.1.2. Software
- 7.2. Market Analysis, Insights and Forecast - by End User
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.1. Market Analysis, Insights and Forecast - by System
- 8. Asia Pacific Automotive Automated Parking System Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by System
- 8.1.1. Hardware
- 8.1.2. Software
- 8.2. Market Analysis, Insights and Forecast - by End User
- 8.2.1. Residential
- 8.2.2. Commercial
- 8.1. Market Analysis, Insights and Forecast - by System
- 9. Rest of the World Automotive Automated Parking System Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by System
- 9.1.1. Hardware
- 9.1.2. Software
- 9.2. Market Analysis, Insights and Forecast - by End User
- 9.2.1. Residential
- 9.2.2. Commercial
- 9.1. Market Analysis, Insights and Forecast - by System
- 10. Competitive Analysis
- 10.1. Global Market Share Analysis 2025
- 10.2. Company Profiles
- 10.2.1 Skyline Parking
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Unitronics Corporation
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Klaus Multiparking
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Dayang Parking Company Ltd
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Fata Automation
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Lodgie Industries
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Eito and Global
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 ShinMaywa Industries
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Citylift
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Westfalia Parking
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 Wohr Parking
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.12 ParkPlus Inc
- 10.2.12.1. Overview
- 10.2.12.2. Products
- 10.2.12.3. SWOT Analysis
- 10.2.12.4. Recent Developments
- 10.2.12.5. Financials (Based on Availability)
- 10.2.1 Skyline Parking
List of Figures
- Figure 1: Global Automotive Automated Parking System Market Revenue Breakdown (Million, %) by Region 2025 & 2033
- Figure 2: North America Automotive Automated Parking System Market Revenue (Million), by System 2025 & 2033
- Figure 3: North America Automotive Automated Parking System Market Revenue Share (%), by System 2025 & 2033
- Figure 4: North America Automotive Automated Parking System Market Revenue (Million), by End User 2025 & 2033
- Figure 5: North America Automotive Automated Parking System Market Revenue Share (%), by End User 2025 & 2033
- Figure 6: North America Automotive Automated Parking System Market Revenue (Million), by Country 2025 & 2033
- Figure 7: North America Automotive Automated Parking System Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Automotive Automated Parking System Market Revenue (Million), by System 2025 & 2033
- Figure 9: Europe Automotive Automated Parking System Market Revenue Share (%), by System 2025 & 2033
- Figure 10: Europe Automotive Automated Parking System Market Revenue (Million), by End User 2025 & 2033
- Figure 11: Europe Automotive Automated Parking System Market Revenue Share (%), by End User 2025 & 2033
- Figure 12: Europe Automotive Automated Parking System Market Revenue (Million), by Country 2025 & 2033
- Figure 13: Europe Automotive Automated Parking System Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Pacific Automotive Automated Parking System Market Revenue (Million), by System 2025 & 2033
- Figure 15: Asia Pacific Automotive Automated Parking System Market Revenue Share (%), by System 2025 & 2033
- Figure 16: Asia Pacific Automotive Automated Parking System Market Revenue (Million), by End User 2025 & 2033
- Figure 17: Asia Pacific Automotive Automated Parking System Market Revenue Share (%), by End User 2025 & 2033
- Figure 18: Asia Pacific Automotive Automated Parking System Market Revenue (Million), by Country 2025 & 2033
- Figure 19: Asia Pacific Automotive Automated Parking System Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: Rest of the World Automotive Automated Parking System Market Revenue (Million), by System 2025 & 2033
- Figure 21: Rest of the World Automotive Automated Parking System Market Revenue Share (%), by System 2025 & 2033
- Figure 22: Rest of the World Automotive Automated Parking System Market Revenue (Million), by End User 2025 & 2033
- Figure 23: Rest of the World Automotive Automated Parking System Market Revenue Share (%), by End User 2025 & 2033
- Figure 24: Rest of the World Automotive Automated Parking System Market Revenue (Million), by Country 2025 & 2033
- Figure 25: Rest of the World Automotive Automated Parking System Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Automotive Automated Parking System Market Revenue Million Forecast, by System 2020 & 2033
- Table 2: Global Automotive Automated Parking System Market Revenue Million Forecast, by End User 2020 & 2033
- Table 3: Global Automotive Automated Parking System Market Revenue Million Forecast, by Region 2020 & 2033
- Table 4: Global Automotive Automated Parking System Market Revenue Million Forecast, by System 2020 & 2033
- Table 5: Global Automotive Automated Parking System Market Revenue Million Forecast, by End User 2020 & 2033
- Table 6: Global Automotive Automated Parking System Market Revenue Million Forecast, by Country 2020 & 2033
- Table 7: United States Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 8: Canada Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 9: Rest of North America Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 10: Global Automotive Automated Parking System Market Revenue Million Forecast, by System 2020 & 2033
- Table 11: Global Automotive Automated Parking System Market Revenue Million Forecast, by End User 2020 & 2033
- Table 12: Global Automotive Automated Parking System Market Revenue Million Forecast, by Country 2020 & 2033
- Table 13: Germany Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 14: United Kingdom Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 15: France Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 16: Rest of Europe Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 17: Global Automotive Automated Parking System Market Revenue Million Forecast, by System 2020 & 2033
- Table 18: Global Automotive Automated Parking System Market Revenue Million Forecast, by End User 2020 & 2033
- Table 19: Global Automotive Automated Parking System Market Revenue Million Forecast, by Country 2020 & 2033
- Table 20: India Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 21: China Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 22: Japan Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 23: South Korea Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 24: Rest of Asia Pacific Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 25: Global Automotive Automated Parking System Market Revenue Million Forecast, by System 2020 & 2033
- Table 26: Global Automotive Automated Parking System Market Revenue Million Forecast, by End User 2020 & 2033
- Table 27: Global Automotive Automated Parking System Market Revenue Million Forecast, by Country 2020 & 2033
- Table 28: South America Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
- Table 29: Middle East and Africa Automotive Automated Parking System Market Revenue (Million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Automotive Automated Parking System Market?
The projected CAGR is approximately 16.96%.
2. Which companies are prominent players in the Automotive Automated Parking System Market?
Key companies in the market include Skyline Parking, Unitronics Corporation, Klaus Multiparking, Dayang Parking Company Ltd, Fata Automation, Lodgie Industries, Eito and Global, ShinMaywa Industries, Citylift, Westfalia Parking, Wohr Parking, ParkPlus Inc.
3. What are the main segments of the Automotive Automated Parking System Market?
The market segments include System, End User.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Rise in Tourism Across Activities the Country.
6. What are the notable trends driving market growth?
Increasing Demand for Autonomous Vehicles.
7. Are there any restraints impacting market growth?
Hike In Fuel Prices To Restrict The Market Growth.
8. Can you provide examples of recent developments in the market?
In February 2022, Nvidia and Jaguar Land Rover announced a partnership to develop software-defined features to improve automated driving in their vehicle from 2025. The emphasis is on AI-based features, including advanced visualization and driver and occupant monitoring through the Drive IX software.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Automotive Automated Parking System Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Automotive Automated Parking System Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Automotive Automated Parking System Market?
To stay informed about further developments, trends, and reports in the Automotive Automated Parking System Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence