Wonder
Log in
Research Outline
Prepared for Tyler L. | Delivered September 3, 2019
Competitive Landscape: Neuromarketing/Neuromarket research
Review your project details
Goals
To analyze the global competitors in the neuromarketing/neuro market research industry in terms of revenue, clients, marketing, strategy, methodologies, approach, and competitive advantage to gain insight about other competitors in the industry.
View less
Early Findings
Neuro-Insight
Revenue: according to Zoominfo the company has a revenue of $
11.4 million
.
Clients: some of their
clients include
Google, Coca Cola, Facebook, Twitter, BBC, Amazon, and Samsung.
Marketing: while the exact marketing strategy/approach is not made publically available, it was found that Neuro-Insight had recently launched a
new brand identity
with a new internal client services platform to deliver deeper insights at scale. In addition, the new corporate identity, website, and technology platform is said to represent the cutting-edge nature of their work, technology, and experience.
Strategy: according to
Head of Strategy
at BBH London, Neuro-Insight "blends scientific expertise with creative EQ making them brilliant partners in fuelling, selling, and optimizing great work."
Methodologies/Approach: S
enior Manager
of Innovation Process and Research at Samsung has stated that Neuro-Insight takes up a 4Ps approach of patience, persistence, perspective, and passion. The comment goes further to say that "their ways are unique, their technology is validated, their people are motivated, their method is collaborative, their instincts are sharp and that their leadership is fearless".
Competitive advantage: based on the
client testimon
ial from Pandora, the competitive advantage of the company appears to be their dynamic team and groundbreaking technology.
This technology advantage is further emphasized by another source which states that Neuro-Insight uses a unique and patented technology called
Steady-State Topography (SST)
that uses unique brain-imaging technology to measure how the brain responds to communications and is said to to be the
most accurate
measurement of memory in the world.
Spark Neuro
Revenue: Spark Neuro has a revenue of
$10 million
according to Zoominfo.
Clients:
include Paramount
, FedEx, Hulu, NBC, Barclays, and General Motors.
Marketing: while specific information on marketing initiatives taken up by the company was not publically available, it was found that Spark Neuro had recently participated in "
The Brand Marketing Summit
" in May 2019.
Strategy: rather than rely on traditional approaches, Spark Neuro goes
right to the source
and measures brain and nervous system activity to identify when people are engaged and when they are not by quantifying attention and emotional levels with second-by-second precision.
Methodologies/approach: the company's approach is evidenced through their
product offering
which includes ad/concept optimization through second-by-second recommendations, testing ad products for effectiveness, A/B testings of multiple creative options, and breakthrough practices to break through the clutter.
Competitive advantage: Spark Neuro is the only company to combine EEG (Electroencephalography), GSR (Galvanic Skin Response), Facial Coding, and Eye Tracking into a
holistic algorithm
to provide accurate and precise viewer attention and emotion data.
Other Competitors
According to
Zoominfo
and
Digital Journal
, some of the major competitors in the Neuromarketing industry include
Neilson
,
Merchant Mechanics
, and
Olson Zaltman Associates
.
View less