![]() The best syndicated research produces actionable insights. Syndicated Research Can Help Companies Develop Business-Building Strategies Offering Competitive Intelligence. By offering insights on macro-level industry trends as well as a detailed understanding of specific issues within an industry or market, syndicated research can be a valuable source for competitive intelligence professionals seeking to gain information on how best to position their companies in a competitive market.Measuring Brand Awareness, Strength, and Perceptions: Similarly, this market overview perspective allows multiple companies who invest in syndicated research to see how their brands and product offerings are viewed among customers and potential customers compared to those of their competitors.Syndicated research is useful for organizations looking to understand the market landscape and their position in it, as well as those looking to gain a jump-start on issues likely to affect the industry in the future. Identifying Industry Trends: Because syndicated research is undertaken on a large scale, it often provides a macro-level overview of the issues facing a particular industry.The sample should be large enough and weighted appropriately to accurately provide relevant and actionable intelligence. It provides a clear representation of the players in the market, whether they are customers, clients, or businesses. Providing a Representative Overview of the Market: While custom research often focuses on a smaller subject/issue or population, good syndicated research ensures a representative sample of the overall market.Investing in syndicated research is an often a cost-effective solution for firms seeking to gain valuable market insight. Because the same research results are purchased by several companies, the cost of performing the research is spread out among those companies. One of the key benefits of syndicated research is cost efficiency. The basic difference between the two is who funds it and who has ownership of the data. Custom research is specifically conducted for and funded by a single client company, and the results are proprietary to the client whereas the data from syndicated studies is owned by the research firm. Generally, market research firms offer their services in two forms: custom research and syndicated research. What is the Difference Between Custom and Syndicated Research? ![]() The market research firm leverages its industry expertise and experience to determine the subject and scope of the study, including the questions asked and the populations targeted, and offers its results and analysis to multiple clients. Syndicated research is research that is independently conducted, published and sold by a market research firm. The data generated through market research is an invaluable tool for professionals working in brand marketing, competitive intelligence, or business strategy. Armed with information produced by sound research practices, companies can make data-driven decisions to ensure maximum return on investment (ROI) from their marketing spend, focus their efforts on the right market segments, and prepare for future developments and changes in the market. ![]() Market research is the systemic gathering of information about and analysis of the factors that influence an industry: emerging trends, customer behavior, brand positioning, product usage, etc. Staying informed of trends and opportunities in your industry is an ongoing and time consuming process, but it is essential to measure the effectiveness of your organization’s brand, build competitive intelligence, and create sustainable and revenue-generating business strategies.
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