Any business must have an idea of their competitors to gain an edge over them. It is crucial to monitor how your competitors are innovating their products and successfully serving niche market segments. How your competitors leverage product quality, pricing, and marketing strategies to become better than others? It is also essential to identify what mistakes led to their downfall so that you can learn from their mistakes and stay safe by avoiding them. Do you still work on your intuition rather than making decisions based on actionable intelligence? If yes, it’s time to study competition through competitive intelligence services. These services can help you improve your products or services and improve decision-making.
A proficient service provider will help you address challenges with qualitative and quantitative approaches. They use technology-based solutions to answer crucial questions and find the best pricing, market, and advertising strategies. Below is a list of the top 5 best competitive intelligence companies that can help your organization improve its strategic decision-making.
Knowledge Partners
They are the leading market research and competitive intelligence service providers helping businesses make strategic decisions for more than 18 years. Their competitive intelligence services include gathering, defining, distributing, and analyzing intelligence about customers, products, competitors, and all other aspects required for strategic decision-making.
Whether you are a startup, small or medium-sized company, accounting firm, professional service firm, a global consulting firm, or a Fortune 500 company, you may use their in-depth assessment research services. They can help you understand the market intricacies to gain an edge over others.
Evalueserve
Evalueserve is one of the leading analytics service providers helping businesses across 20 different countries. Since its inception in 2000, it has been providing innovative data analysis solutions to pioneers in varied industries. As far as competitive intelligence is concerned, they help organizations make strategic decisions with data-based solutions. They divide their competitive analytics into four steps:
- Defining, in which they identify the primary business customers, competitors, demand markets, supply markets, and government regulations
- Gathering, in which they use AI and ML tools to gather relevant data about competitor activities
- Analyzing, in which they analyze the data to make new strategies for the business
- Distributing, in which they turn the data into insights and make an action plan according to the gathered data
With this strategy, they help businesses make strategic decisions based on research and analytics.
S G Analytics
S G Analytics is a leading service provider offering competitive intelligence solutions to businesses across the globe. They are functional in multiple countries, including the US, UK, New York, Europe, and India. They make ideal use of the human mind and machine learning to gather, analyze, and deliver data and help businesses make strategic decisions.
Founded in 2007, they have a team of more than 1000 experts deployed worldwide in 10 different countries, offering a wide range of data-based research and analytic services. They provide a diverse range of services, including ESG consulting, market research, investment research, RPA, and data management and analytics.
Proactive Worldwide
Proactive Worldwide has been offering competitive intelligence services to worldwide clients since 1995. They use their patent PWWDiscovery™ research methodology to explore the markets and create a helpful report. They have a team of award-winning, doctorate-level analysts who make the best use of the available data to help businesses in their decision-making process.
Their AI-based solutions mitigate risk and give accurate information to the businesses to support their planning and decisions. For competitive intelligence, they provide support in competitive profile, research, monitoring, and assessments. They help you plan your strategy based on the syndicated reports they create.
Aranca
Since 2003, Aranca has been conducting research projects for global clients across over 60 countries, including the US, Europe, Asia, Africa, and GCC. They have executed over 30,000 research projects across varied regions and studied more than 850 products and services in over 80 sectors. Whether you want to set up a business, analyze the market, explore acquisitions, or determine partners for joint ventures, data-driven results from Aranca can help you make informed decisions. They aim at providing accurate data to track your competition and develop an insightful strategy. Whether a startup or a Fortune 500 company, specialists offer competitive intelligence services to support your functions with high-end market intelligence and sales and marketing data. By getting complete information about your competitors, markets, and customers, you can make crucial decisions with the support of in-depth analytics.
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