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Analysing Market Penetration

Markets are increasingly competitive and most organisations need to know how they are performing both in comparison with previous years or months and relative to other organisations in their sector.

Understanding where you currently have the greatest market penetration provides a list of the areas where you do well.

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GeoConcept 6.0 Thematic Map

Profiling these and then looking for other areas in the country that have a similar profile indicates areas where you are likely to get a high return on investment in marketing or new store locations. Identifying regional trends and deviations from the norm can give you significant competitive advantage. MapMechanics holds regular seminars to help you make the most of mapping analysis.

USING MAPPING ANALYSIS

CONSUMER MARKET

B2B MARKET

GeoConcept is an easy to use mapping system designed with open standards to make it easy for you to both use data from many sources and share results with others in a variety of formats.

understanding your market with thematic mapping

Your own data about your customers, patients, deliveries, activities etc, could be in a simple text or EXCEL file, or a small ACCESS database or an enormous ORACLE system. GeoConcept can link with them all.

Market Penetration calculations are easily undertaken, saved and mapped with the dialogue boxes to lead you through the process.

Each different map can be shown on a new “Tab” so you can flick quickly between them, or split the screen and see both at once.

Reporting is easy with comprehensive publishing and page layout options.

Queries are fast and undertaken in a single step – no need to make a buffer first and then find what lies within it.

To calculate market penetration, you need to quantify the amount you have and compare it with the amount you could have had.

The number you have may come from a sample store exit survey, from loyalty card data, from the deliveries or order processing system.

The potential market for a consumer product will be related to the population. You could estimate that all households are potential users of your service or perhaps you know that only elderly, economically active or people of a specific social class are likely to be interested.

MapMechanics offer a wide range census packs for the UK and elsewhere in the world so that you can target the consumer group you are interested in.

When several factors are important or you are unsure which characteristics are the driving force, use neighbourhood profiling such as PERSONICX GEO, ACORN or CAMEO data

Use the Census to understand population trends for your market penetration calculations

In Britain there is no perfect business data set as there is no legal requirement for all businesses to provide exactly the same information to a central body, so finding a business universe as a base for calculating the total market opportunity is difficult.

MapMechanics, has collated information from a range of sources and is able to give advice about which data set is likely to be best for you.

Whether you are selling just to farmers or to financial institutions, we can find a suitable business data set.

B2B market penetration analysis with maps showing shading and point locations

BOUNDARIES for marketing

You may need to undertake your market penetration analysis by postcode geography, by Local Authority or ward, by German Gemeinde or Polish Wojewodztwo. GeoConcept works with your chosen boundary data and enables you to create shaded maps showing where you have lots of activity, or where there is likely to be greatest potential .