The Primary Industry of HERO Natural Resources Consultant
HERO Natural Resources Consultant Technology appears to be Business Consulting, with a specific focus on B2B Research and Market Analysis.
HERO operates at the intersection of several industries, offering specialized services in each. These include:
- Artificial Intelligence and Technology: HERO provides consulting services related to the application of AI and other advanced technologies in business.
- Automation Systems: HERO advises on the implementation and use of automation systems in various business processes.
- Advanced Manufacturing: HERO offers consulting services related to systematic business and scientific infrastructure in the field of advanced manufacturing.
- Sustainable Business Tactics: HERO helps businesses implement sustainable and innovative tactics.
In addition, HERO’s “Knowledge Store” platform connects over 20,000 markets and entire value chains, providing insights into market sizing and forecasts of niche markets. This makes them a significant player in the Market Research industry as well.
Market Size and Market Value
The market sizes and values for the industries related to HERO’s services:
- B2B Research Industry: The global B2B e-commerce market size reached $1.134 trillion in 2018 and was expected to hit $12 trillion by 20201.
- Competitive Intelligence and Market Research Industry: The global competitive intelligence tools market size was valued at $37.6 million in 2019 and is projected to reach $82.0 million by 2027, further expanding to $121.37 million by 20312. The global revenue of the market research industry exceeded $81 billion in 20223.
- Consulting Services Industry: The global consulting services market size was valued at $162.46 billion in 2021 and is expected to surpass $245.70 billion by 20304. The consulting service market size is estimated at $323.88 billion in 2024 and is expected to reach $431.89 billion by 20295.
Current trends in the target market of HERO Natural Resources Consultant:
- Artificial Intelligence (AI): AI is transforming the way businesses conduct surveys and analyze their results. AI-powered survey tools are becoming increasingly sophisticated, identifying patterns, sentiment, and trends in survey responses more efficiently than humans12. This allows businesses to extract deeper insights and make data-driven decisions faster12.
- Personalization and Hyper-Segmentation: Businesses are using advanced segmentation techniques to tailor survey questions and content to individual respondents. This ensures that surveys are more relevant, and engaging, and yield higher response rates1.
- Real-Time Feedback: B2B companies are increasingly adopting tools and platforms that allow for the collection and analysis of real-time survey data. This enables businesses to respond quickly to changing market conditions and customer feedback1.
- Mobile-First Surveys: With professionals constantly on the go, mobile-first surveys are essential for reaching a wider audience and ensuring a seamless user experience1.
- Interactive Surveys: Traditional static surveys are giving way to interactive and gamified survey experiences. Businesses are using techniques such as quizzes, assessments, and interactive content to engage respondents more effectively.
- Generative AI: Generative AI has emerged as a game-changer in the business world, multiplying possibilities of scale as it relates to data analysis, research scope, and data-informed decision-making23.
- Mobile App Intelligence: With the average person opening a mobile app 11 times per day, and over 90% of mobile time now being spent on apps, the ability for organizations to monitor and track app intelligence is no longer a nice-to-have, but a must2.
- Evolving Hiring Practices and Skill Sets: As technology changes, so do the skills required by businesses. This is particularly true in the consulting industry, where there is a growing need for expertise in areas such as AI and data analysis3.
- Workplace Transformation and Remote Work: The shift towards remote work has become a permanent fixture in the business world, bringing on new opportunities for consulting firms to lead the way in helping companies transform and modernize3.
- Digitalization and Digital Transformation: The ongoing digital transformation across industries continues to drive demand for consulting services, particularly in areas such as AI, automation, and advanced manufacturing3.