In the fast dynamic world, it is crucial to have the right information to enable thoughtful business decisions. American companies and officials receive clarity and advanced information to maintain competitiveness. Increasingly, American companies and executives are using market research firms in India for reliable and inexpensive market intelligence, but why is India so trusted?
India: A Global Leader in Market Research
India has been recognized for its strong technology sector and educated workforce. Over time, the U.S. has recognized it as a leading provider of research and data services, including identifying a reliable pharmaceutical market research company. American executives trust India because it brings:
● A large number of educated researchers
● An understanding of the American business culture
● Experience with a variety of industries
● Access to a variety of research technology and software
High Quality at a Lower Cost
One primary reason U.S. businesses seek India is to save money. The cost of obtaining market intelligence services in India is often significantly lower than obtaining the same services from U.S. based firms but without sacrificing quality. This advantage can have benefits for:
● Startups that have limited budgets
● Large organizations managing multiple projects
● Government entities needing broadly collected data
Experts Across a Variety of Industries
India has a host of research firms that specialize in certain industries such as:
● Health care
● Finance and banking
● Retail
● Energy and technology
With this range of industry specialties, American companies benefit from depth of insight specific to their industry and improve their decision-making processes, as well as identify new business opportunities.
Time-Zone Advantage: Work Happens Round-The-Clock
India’s time zone is a huge benefit for U.S. companies. When U.S. offices close, Indian teams are just beginning their work days. This often means:
● Faster research results
● Timely decision-making
● 24/7 uptime
Smart Tech Insights
Indian companies benefit from advanced technologies such as artificial intelligence (AI), machine learning and large data to generate innovative insights. Technology provides U.S. companies:
● Predict new trends before they become trends
● Understand how to change transactional data into understanding customer behavior
● Make smarter decisions based on data
Long-Term Partnerships
Many U.S. companies do not simply “outsource” some work from an Indian company and then not hire them again. This is done as a partnership based on:
● Information reliability and integrity
● Confidentiality and protection
● Collaboration and joint responsibility
● Trust leads to mutual success and growth.
Examples of Success
Here are examples of success:
● A startup in California hired an Indian company to do the market research in Asia, saving 40% in costs.
● A New York investment company utilized Indian analysts to help find new consumer trends at an early age.
● A U.S. governmental agency hired Indian resources during the pandemic to help understand supply chain issues.
Stronger US-India Teamwork
As a result of a rapidly changing world, market intelligence is becoming increasingly important. India and the U.S. share many values, interests, and goals, and their collaborative effort in market research is expected to continue to grow with new technology and the changing needs of companies.
Conclusion
Accurate and actionable information with which to hire smart business decisions. U.S. companies trust India for market intelligence research because of its talent and people, lower costs, technology, and reliable access to research. As global data needs increase, India will continue to be a strong and trusted partner.
