Neuromarketing Market to see Huge Growth by 2029

The global neuromarketing market is anticipated to grow at a CAGR of 8.5% during the forecast period (2023-2030). The growing focus of marketers towards reading customer cognitive behavior to improve their marketing strategies is one of the key factors driving the growth of the global neuromarketing market. Neuromarketing offers insights into the subconscious aspects of decision-making, whereas traditional marketing largely relies on self-reported data via surveys or focus groups. According to research, 85.0% of consumer decisions are not made consciously. Neuromarketing offers access to this territory for a deeper analysis of consumer preferences and behavior. 

Techniques such as EEG (electroencephalography), FMRI (functional magnetic resonance imaging) and eye-tracking record consumers' physiological and neurological responses for objective data about consumer reactions. However, in-person focus groups utilizing techniques such as EEG and FMRI are not typically standard practice in the realm of neuromarketing. These techniques are used primarily in research or clinical settings to study brain function and are less common in traditional marketing research. The growing investment of big brands in improving their marketing strategies to increase their product sales is a key factor driving the growth of the global neuromarketing market. For instance, in April 2019, using neuromarketing research, the marketers behind the chip brand Frito-Lay’s (PepsiCo) have found out that, unlike shiny bags picturing chips, matte beige packages with pictures of potatoes and other natural ingredients don’t trigger activity in the brain area responsible for the feeling of guilt. As a result, sales increased. Neuromarketing can be very helpful when it comes to measuring consumer response to changes in design components like color, images, fonts, etc.

To Request a Sample of our Report on Neuromarketing Market:  https://www.omrglobal.com/request-sample/neuromarketing-market

Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

•                 By Technology

•                 By End-User

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- includes Immersion Neuroscience, Buyology Inc., Merchant Mechanics Inc., Emotion Research LAB, and The Nielsen Company LLC (Nielsen Consumer Neuroscience), among others.

Neuromarketing Market Report Segment

By Technology

•                 Functional Magnetic Resonance Imaging (FMRI)

•                 Electroencephalography (EEG)

•                 Eye Tracking

•                 Positron Emission Tomography (PET)

•                 Magneto Encephalography (MEG)

By End-User

•                 BFSI

•                 Retail/Consumer Brands

•                 Market Research

•                 Scientific Institutions

•                 Others

A full Report of Neuromarketing Market is Available @  https://www.omrglobal.com/industry-reports/neuromarketing-market

Neuromarketing Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 Cadwell Industries Inc.

•                 Compumedics LTD.

•                 Eb Neuro S.P.A.

•                 IMotions

•                 ISCAN Inc.

•                 MindMetriks 

•                 Mindspeller

•                 Neural Sense (Pty) Ltd.

•                 NVISO SA

•                 Shimmer Sensing

•                 SR Labs SRL

•                 Synetiq Ltd.

•                 Tobii Technology

•                 Uniphore

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/neuromarketing-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

 

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