The value of market research in the UK has grown almost £2bn in the past four years, according to PwC’s report on the industry. By Jane Bainbridge
Sourced through Scoop.it from: www.research-live.com
Interesting findings here, especially with regard to the resurgence of qualitative research:
With a growth of 62% since 2012, the UK is now the world’s second-largest market for professional research. This is massively outstripping that of the UK economy as a whole, which has grown 8.7% in the same period.
So what is behind this phenomenal growth? Perhaps inevitably – data analytics. This has seen an uplift of 350% since 2012 and now employs 6,700 FTEs.
But perhaps more surprising is that qualitative research has also been identified as a key area of growth. Julie McClean, senior manager, PwC r2i, said: “This was a very strong finding, from both the survey and key informants; they all agreed there was a resurgence and re-emergence of qualitative. We see it as a counterbalance to the growth of big data.
