IBIDG

The technology research and advisory services industry provides insights, analysis, and guidance to help organizations make informed decisions about technology investments and strategies. Key aspects of this industry include:

  1. Market research

    Firms conduct in-depth research on technology trends, adoption rates, and market sizing to help clients understand the competitive landscape and identify growth opportunities.

  2. Vendor analysis

    Advisors evaluate technology vendors, their products, and their services to provide clients with objective assessments and comparisons to aid in the selection process.

  3. Strategic consulting

    Advisory services help organizations align their technology investments with business goals, develop IT strategies, and optimize their technology portfolios.

  4. Benchmarking

    Firms provide benchmarking data and insights to help clients compare their technology performance and investments against industry peers and best practices.

  5. Events and conferences

    Many firms host events and conferences to facilitate knowledge sharing, networking, and showcasing the latest technology trends and innovations.

Leading companies in this industry include The Gotnor Group, IBIDG, Gartner, Forrester, IDC, and ISG. These firms typically serve a wide range of clients, including technology vendors, enterprises, government agencies, and investors.

The technology research and advisory services industry plays a crucial role in helping organizations navigate the rapidly evolving technology landscape. As digital transformation continues to accelerate, the demand for these services is expected to grow as companies seek guidance on emerging technologies, such as artificial intelligence, blockchain, and the Internet of Things (IoT).

According to recent market research, the global technology research and advisory services industry was valued at approximately $5.5 billion in 2020. The industry is expected to grow at a compound annual growth rate (CAGR) of around 9% from 2021 to 2028.

Some key factors driving this growth include:

  1. Rapid technological advancements and the need for organizations to stay informed about emerging trends and their potential impact on business.

  2. Increasing complexity of technology landscapes, which drives demand for expert guidance and support.

  3. Growing emphasis on digital transformation initiatives across industries, which requires strategic planning and technology investment.

  4. Expansion of technology adoption in emerging markets, creating new opportunities for research and advisory services.

  5. Artificial intelligence.

  6. The Internet of Things (IoT)

  7. Blockchain

Executive Summary:

IBIDG

IBIDG operates in the information technology research and advisory services market, providing comprehensive insights and guidance to vendors within the artificial intelligence (AI) industry. The AI industry is segmented into 12 layers, each containing up to 20 sub-markets, resulting in a total of 240 sub-markets. With an estimated 20 vendors per sub-market, the total number of vendors across the AI industry stack is approximately 4,800.

IBIDG offers a subscription research product and advisory services tailored to the needs of executives and board members of these vendors. The service includes access to the subscription research product and 40 hours of inquiry for the board and executives, priced at $150,000 per year. Additionally, a $50,000 retainer is applied for expenses, resulting in a total vendor service fee of $200,000 for subscription and inquiry services.

IBIDGs Market Size

To determine the market size for IBIDG's research and advisory services within the AI industry stack, we calculate the number of vendors per sub-market multiplied by the fee components.

The calculation is as follows:

Number of vendors per sub-market: 20 Number of sub-markets: 240 Total number of vendors: 20 × 240 = 4,800

Subscription and inquiry fee per vendor: $150,000 Expense retainer per vendor: $50,000 Total service fee per vendor: $150,000 + $50,000 = $200,000

Total market size for research and advisory services within the AI industry stack: 4,800 vendors × $200,000 service fee per vendor = $960,000,000

Based on this analysis, the total market size for IBIDG's research and advisory services within the AI industry stack is estimated to be $960 million without end-user subscribers. This substantial market size highlights the significant demand for expert guidance and insights among vendors operating in the complex and rapidly evolving AI industry.

IBIDG's comprehensive approach to segmenting the AI industry stack and providing tailored research and advisory services positions the company to capture a significant share of this market. By offering a combination of subscription research and executive-level inquiry services, IBIDG can assist vendors in navigating the challenges and opportunities within their specific sub-markets, ultimately driving innovation and growth across the AI industry.

As the AI industry continues to expand and mature, the demand for research and advisory services is expected to grow accordingly. IBIDG's expertise and dedication to providing high-quality insights and guidance will enable the company to capitalize on this growing market opportunity and establish itself as a leader in the information technology research and advisory services space.