Market Research Industry in the US worth $24.3 billion by 2022
The rebounding labour market will lead to a rise in consumer spending, in turn expanding corporate profit. With recovery underway, revenue is forecast to increase at an average annual rate of 2.1%
The Market Research Industry Research Report reveals slow growth in the industry over the past five years. As corporate profit rapidly rose in 2012, businesses emerged from their cost-conscious slump and began to develop new products and increase investment in attracting new customers. This alone, however, was not enough to jolt the industry back into growth. Instead, strong gains in research and development (R&D) expenditure prompted renewed industry growth. With increasing researching expenditure, companies showed their interest in expanding product lines, which often require extensive market research before being launched; therefore, a significant portion of industry revenue is tied to corporate profit, expenditures on R&D and spending on advertising.
Browse the Market Research Industry Research Report in the US: Industry Size, Market Share, Industry Statistics, Industry Analysis, Volume, Growth, Trends and Forecast (NAICS: 54191): https://digitgaps.com/product/market-research-industry-research-report-us-industry-size-market-share-industry-statistics-industry-analysis-volume-growth-trends-forecast-naics-54191/
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