Market Research Support at BackOffice Pro
BackOffice Pro is a renowned market research company in India, supporting market research needs in different industries such as IT, automobile, food, consumer products, industrial products, electronics, etc. We provide valuable market insights, market risk, trend analysis, customer analysis, demand and supply analysis, financial analysis, and much more to help our clients make prudent business decisions.
Meet the Client: Market Research Company in the US
The client is one of the prominent market research companies based in the US.
Objective of the Company Profiling Need
They needed to compile information on the airbag industry, particularly the companies, and eventually, a thorough report on the companies.
Volume82 company profiles
Client’s Challenges on the Company Profiling Requirements
The client found it very difficult to research the company profiles and compile to make one report. They recognized the many benefits of outsourcing this service to a professional team that would guarantee a methodical and systematic approach to mining the relevant information. They wanted to partner with a team that would work professionally with the minimal inspection involved and approached BackOffice Pro.
Company Profiling Support at BackOffice Pro
The immense task of preparing the profiles of the 82 companies in the airbag industry was challenging. We had to prepare the profile by taking into account technical studies conducted in the past, usually done by government agencies, trade associations, chambers of commerce, and others.
After removing the unwanted information, all the data was arranged in carefully defined segments. Given the massive data, the challenge laid in recognizing and then putting in order the several data combinations that could be segmented into easily understood information. However, with the custom solution, we made it possible. We collected data on various areas including the company’s history, the structure of its organization, executive profiles, how advanced was its R&D, new technology explored, products offered including both current and refined products, events in the immediate and long-term future, strategic positions that included both legal and overall stance, internal tracking and SWOT analysis
The companies were segregated on a regional level after taking into account their region-wise operations, joint ventures, coalitions, OEM detail, plants, local position, and status. Each company went through this vigorous profiling process.
Company Profiling Takeaways
We used the jumbled, surplus information from the internet to give it a more streamlined, focused form free from jargon and easily understood.
- Helped in the extraction of specific information easily
- Provided useful industry insight, including the prevalent trends, powerful competitors, market share, and specifics to consider when launching new products. It addressed issues regarding specific market segments, customer preferences, and geographical areas.
- Supported the client in expanding their business, armed with information on their competitors
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