Market Research & Polling Services
Brief Excerpt from Industry Overview Chapter:
Companies in this industry gather, record, tabulate, and present marketing and public opinion data. Major companies include Westat, IRI, and IQVIA (all based in the US), and Nielsen and Kantar (both in the UK), as well as Gfk (Germany), Ipsos (France), and INTAGE (Japan).
Demand is driven primarily by the health of the economy and corporate profits. The profitability of individual companies depends on managing costs and maintaining a steady flow of work. Large companies have advantages in providing a variety of research and ancillary services to large customers, and in achieving economies of scale in marketing and computerized operations. Small companies can compete successfully by specializing in a research methodology or in emerging niche knowledge areas. The US industry is concentrated: the top 50 companies generate about 55% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services are marketing research, which accounts for about 90% of industry revenue, and public opinion polling. Other services include media monitoring and analytic services. Many research firms specialize in 1) a discipline, such as customer satisfaction, human resources, or advertising tracking; 2) an industry segment, such as technology or pharmaceuticals; or 3) marketing services, such as focus groups, polling, or psychographics.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook