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Global Marketing Research And Analysis Services market size is expected to reach $99.44 billion by 2029 at 4.2%, segmented as by type, quantitative research, qualitative research
In 2023, the region with the highest share of global market research revenue was the ************* with over **** of the global turnover. Europe, on the other hand, was responsible for *********** of the global revenue.
In 2023, the methodology that contributed most to the revenue of market research companies was online/mobile quantitative research with ** percent of the market share. Second in the list was automated digital/electronic, with *** percent.
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Market researchers investigate clients' target markets' behaviour, values and opinions, providing insights that allow them to tailor their products, services and marketing. Researchers rely on high European research and development expenditure to fuel demand for market research. Increased digitalisation has opened new doors for market research providers while intensifying competition. Artificial intelligence is increasingly important in analysing, identifying and generating research insights from social media posts using a flood of data. Meanwhile, digital surveys have allowed research companies to expand their outreach, save resources and costs and often attain more accurate and comprehensive insights for clients. Over the five years through 2024, industry revenue is expected to contract at a compound annual rate of 3.6% to €27.2 billion. The COVID-19 outbreak and ensuring low business sentiment took a toll on market research budgets. A sharp contraction in business sentiment squeezed corporate profit, discouraging companies from investing in research and development activities and negatively affecting professional research providers in 2022. A greater availability of data and alternative research methods means that researchers are competing more and more with in-house research departments. In 2024, industry revenue is expected to drop by 3.1% as consumers lower their private consumption expenditure, reducing consumer research activity. Over the five years through 2029, industry revenue is forecast to climb at a compound annual rate of 2.9% to reach €31.4 billion. Over the coming years, market research companies will face higher external competition from technology specialists leveraging insights internally, constraining revenue growth. Nonetheless, researchers will benefit from increasing online advertising activity. Those incorporating advanced data analytics systems and digital market research technology will remain competitive and benefit from greater digitalisation. Smart mobile surveys will also become an invaluable tool for consumer research companies.
In 2022, the research project type with the highest share of market research spend in the United States was CRM systems/customer satisfaction. Market measurement was second in the rankings, with a ** percent share.
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The Food Safety Products market has evolved into a critical sector, addressing the pressing need for quality assurance and consumer health within the food industry. As foodborne illnesses remain a significant concern globally, the demand for effective food safety solutions has surged. This market encompasses a wide
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The Contact Material market, a pivotal segment within the broader electronic components industry, focuses on materials that facilitate electrical connections and enhance operational efficiency. Widely used in various sectors, including automotive, telecommunications, and industrial applications, contact materials ar
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Makeup market research is crucial for cosmetics companies to stay ahead of competition by understanding trends, preferences, and behaviours of consumers. By analysing data on sales trends, purchase history, and consumer behaviour, companies can develop a marketing strategy that caters to the needs of their target market. This article explains how makeup market research is essential for companies to stay competitive and meet the needs of their consumers in the ever-changing cosmetics industry.
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Search engines, which collect, organize and display knowledge of the internet, are the backbone of the information age and have helped popularize the ad-supported attention economy that prevails throughout the internet. From 2019 to 2024, spending on internet advertising has maintained strong momentum as consumer demand for internet access continued to surge, driven by the adoption of LTE, 5G and unlimited mobile data plans. Despite COVID-19 depressing total advertising expenditure, digital advertising continued to grow as consumers practically lived online while stay-at-home orders were in place. As a result, search engine revenue from advertising is slated to mount at a CAGR of 10.4% to $287.5 billion, including an anticipated hike of 8.4% in 2024, with profit at 18.7%. The search engine industry is fundamentally differentiated from the rest of the economy by its advertising sales framework, market aggregation and high interconnection with other industries. While search is a consumer product, search revenue comes from a platform's desirability to advertisers, not users. Search platforms must balance providing the best search experience while integrating as many advertisements as possible. This difficult balance is challenging to achieve because advertising dollars tend to scale best on the leading search platform, increasing aggregation forces for search providers. The market leaders in search, Google and Microsoft, have met this balance by using advertising revenue to grow a suite of services designed to collect extensive behavior information on and off the search website. This data then targets ads to hyper-specific markets, funding the search business model. As the number of hours spent on the internet continues to mount, search engine revenue is poised to climb at a CAGR of 7.1% to $404.9 billion through the end of 2029. Advertisers will rely increasingly on search engine marketing due to its cost-effectiveness and efficiency advantages over traditional media. With proper analytics software installed, marketers can track which terms, advertisements and websites are the most effective, enabling incremental real-time tweaks and improvements in advertising campaigns. Artificial intelligence has promised to change the purpose of search from navigation to finding answers, which will change the structure of the internet, just as search engine providers have done many times before.
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The global open banking market size is expected to reach USD 128.12 billion by 2030, according to a new study by Polaris Market Research.
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The global predictive maintenance market size is expected to reach USD 122.80 Billion by 2032 according to a new study by Polaris Market Research.
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The Drug Reference App market has emerged as an essential component of the healthcare landscape, revolutionizing how medical professionals access and utilize pharmaceutical information. These applications offer a user-friendly platform for healthcare providers, pharmacists, and patients to obtain up-to-date data reg
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The Educational Services sector comprises 13 subsectors of the US economy, ranging from public schools to testing and educational support services. Primary, secondary and postsecondary schools alone generate 92.0% of the sector's revenue. Most of these institutions rely entirely on government funding, and nearly three-quarters of the educational services revenue comes from public schools and public universities. Accordingly, strong federal, state and local support for all levels of education has driven revenue upward over the past five years. Expanding discretionary budgets made private schools and higher education more affordable for students and parents, but the Trump administration's changing policies have brought new complications. Still, substantial funding and skyrocketing investment returns for private nonprofit universities have elevated revenue. Revenue has climbed at a CAGR of 4.6% to an estimated $2.7 trillion through the end of 2025, when revenue will rise by 1.1%. Solid state and local government funding for education has helped support the sector's success despite fluctuating enrollment. Faltering birth rates are leading to lower headcounts in K-12 schools, and ballooning student debt has made many would-be college students skeptical of the return on investment of an expensive degree. While student loan forgiveness efforts slowed a decline in the number of college students, the new presidential administration's end to these efforts has begun to exacerbate price-based and quality-based competition among higher education institutions. President Trump's scrutiny of course curricula has made public funds harder to acquire for schools, and the administration's efforts to close the Department of Education have begun to deter would-be students from attending college. Trends in the domestic economy are set to move in the Educational Services sector's favor over the next five years as prospective students become better able to pay for rising tuition rates and premium education options. Government funding for primary, secondary and postsecondary institutions will continue to escalate through the next period, though lackluster enrollment will temper revenue growth. Public schools, which account for over half the sector's revenue, will continue to post losses and drag down the average profit for educational services. New school choice initiatives, including Texas's new, largest-ever voucher program, will make private schools more affordable for parents. However, heightened oversight and continued efforts to close the Department of Education will remain a significant pain point for many educational services. Overall, revenue is set to climb at a CAGR of 0.8% to $2.8 trillion through the end of 2030.
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Question Paper Solutions of chapter Introduction to Marketing Research of Marketing Research and Analytics, 3rd semester , Master of Business Administration (2023-24)
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The food packaging market research report estimates the market size to be USD 56.87 bn in 2020-2024. The incremental growth and the accelerate growth momentum present a positive outlook for the market. This will encourage established as well as new vendors to make investments and strengthen their position in the food packaging market.
The food packaging market research report offers several other key information including:
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive food packaging market growth during the next five years
Precise estimation of the food packaging market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the food packaging market industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of food packaging market vendors
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Global Digital Marketing Market size was valued at USD 780 billion in 2023 and is estimated to grow at a CAGR of around 11.1% during the forecast period 2024-30, fueled by the widespread adoption of e-mail and content marketing services by organizations
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North America’s fruit snacks market will exceed USD 6.17 billion by 2030, fueled by diverse populations seeking nutritious and convenient snacks.
Market research companies in Brazil generated almost *** million U.S. dollars in revenue in 2022, approximately ** million U.S. dollars more than in 2021. Brazilian market research companies generated the highest revenue in the Latin American region in 2021, with Mexico recording the second highest revenue of 2022.
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Indoor Location Market size was valued at USD 11.19 billion in 2024 & is projected to reach USD 39.11 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 23.19% during the forecast period 2025-30.
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According to our latest research, the global metaverse advertising market size reached USD 4.12 billion in 2024, reflecting robust expansion across immersive digital platforms. The market is expected to grow at a CAGR of 32.7% during the forecast period, reaching a projected value of USD 48.65 billion by 2033. This exceptional growth trajectory is primarily driven by the increasing adoption of virtual and augmented reality experiences, the proliferation of digital assets, and the rising engagement of consumers within metaverse environments. As brands seek innovative ways to connect with digital-native audiences, metaverse advertising is quickly becoming a cornerstone of next-generation marketing strategies.
The rapid integration of advanced technologies such as virtual reality (VR), augmented reality (AR), and mixed reality (MR) is a key growth factor for the metaverse advertising market. As these platforms mature, they offer advertisers unprecedented opportunities to deliver immersive, interactive, and personalized brand experiences. Major technology companies are investing heavily in the development of metaverse infrastructure, which is catalyzing the creation of new advertising formats and monetization models. This ecosystem enables brands to engage consumers in novel ways, such as virtual product placements, branded avatars, and interactive billboards, which drive higher engagement rates compared to traditional digital advertising.
Another crucial driver is the evolving consumer behavior, especially among younger demographics who are increasingly spending time in virtual worlds. The metaverse provides a unique environment where users socialize, shop, and consume content, making it an ideal space for advertisers to reach highly targeted audiences. With the ability to collect granular data on user interactions and preferences, advertisers can create hyper-personalized campaigns that resonate deeply with their audience. Additionally, the gamification of advertising and the integration of branded experiences into virtual events and games are further fueling market growth, as brands seek to tap into the growing popularity of e-sports and virtual concerts.
The expansion of the metaverse advertising market is also being supported by the rise of digital commerce and the increasing importance of brand presence in virtual spaces. Retailers and e-commerce platforms are leveraging the metaverse to create virtual storefronts, host immersive product launches, and offer interactive shopping experiences. This not only enhances customer engagement but also opens up new revenue streams for brands. As the lines between physical and digital commerce continue to blur, the demand for innovative advertising solutions that bridge these worlds is expected to surge, driving sustained growth in the metaverse advertising market over the coming years.
From a regional perspective, North America currently dominates the metaverse advertising market, accounting for the largest share due to the strong presence of leading technology firms and a high level of consumer adoption of VR and AR technologies. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period, fueled by rapid digitalization, increasing investments in metaverse platforms, and a burgeoning population of tech-savvy consumers. Europe is also emerging as a significant market, with growing interest from brands in leveraging immersive advertising to reach diverse audiences. These regional trends underscore the global nature of metaverse advertising and highlight the opportunities for growth across different geographies.
The advertising format segment of the metaverse advertising market encompasses a diverse range of innovative approaches, including display ads, video ads, virtual billboards, in-game advertising, sponsorships, and other emerging formats. Display ads are among the earliest and most widely adopted formats, offering straightforward brand visibility within virtual environments. These ads are often integrated seamlessly into the digital landscape, appearing on virtual walls, objects, or as part of the user interface. Their non-intrusive nature and ability to be contextually targeted make them a popular choice for brands seeking to build awareness without disrupting user experiences. As the metaverse evo
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Global Marketing Research And Analysis Services market size is expected to reach $99.44 billion by 2029 at 4.2%, segmented as by type, quantitative research, qualitative research