The Forrester Wave™: Market And Competitive Intelligence Platforms, Q2 2023
In this 24-criterion evaluation of market and competitive intelligence platform providers for B2B companies, Forrester identified the most significant vendors and evaluated them based on their ability to help organizations transition from information aggregators to systems that deliver meaningful analyses. The market is at an inflection point where providers must leverage advanced AI technologies, particularly generative AI capabilities following ChatGPT's launch, to transform users' abilities to find precise answers about shifting markets and competitor moves. The main value proposition has been saving research time through integrated, one-stop shop platforms, but users struggle to create meaningful insights from the resulting information deluge.
No common features specified.
Vendors must, among other requirements:
A: This research covers a 24-criterion evaluation of market and competitive intelligence platform providers for B2B companies. It evaluates 14 vendors across current offering capabilities (sources and sourcing, taxonomy and search, analysis, operationalization), strategy (vision, innovation, roadmap, adoption, pricing, partner ecosystem, global delivery), and market presence. The report provides vendor profiles with strengths and weaknesses, and guides buyers in selecting the right platform for their needs.
A: This research should be used by professionals in B2B organizations who are evaluating and selecting market and competitive intelligence platforms. It is particularly relevant for strategy, product, marketing, sales, business development, M&A, and innovation teams looking for solutions that range from high-touch services to competitive enablement to global and multilingual capabilities. Buyers can use the Excel-based comparison tool to adapt criteria weightings to their specific needs.
A: To be included in this Forrester Wave evaluation, vendors must have: 1) A commercially available market and competitive intelligence platform that is promoted as such and cannot function simply as a consultancy; 2) A broader focus demonstrating capability beyond one sector or use case; 3) A strong focus on B2B, with more than half their revenue derived from B2B organizations and use cases.
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A: Strength of Current Offering evaluates each vendor's position on the vertical axis based on their current platform capabilities including sources and sourcing, taxonomy/tagging/search, analysis capabilities, and operationalization/activation features. Strength of Strategy evaluates placement on the horizontal axis based on the vendor's strategic approach including their vision, innovation, roadmap, adoption rates, pricing model, partner ecosystem, and global delivery capabilities. Current Offering focuses on what the platform can do today, while Strategy focuses on the vendor's direction and market approach.