How Data Extraction Services Can Help Market Research in 2019

Posted by Devendra Baghel on June 20th, 2019

Market intelligence or MI is all about collecting vital information on a business’s market. Market intelligence has been around for a considerable amount of time, and it is basically carried out with the end goal to make a more informed decision regarding business by analyzing the current trend in the market, competitor’s strategy, and many other things.

In order to conduct market research, you are literally not required to hire a team of researchers this day. Most of the information that you need to boost your business can be easily found on the internet. By hiring data extraction services, you can collect such information relevant to your business.

With this post, we are going to present you with some of the many companies, or businesses that can conduct market research in a cost-effective way by hiring data extraction services or scraper bots. So, without wasting any time, let us have a look at them in brief:

1 – Supermarket and Online Retail Businesses

It is no longer a secret for supermarket business owners to be aware of their competitor’s pricing strategy. A large number of supermarket and online retail business owners make use of data scraping services to keep an eye on their competitor’s products, pricing, marketing strategy, and many other things as well as per their business development needs.

2 – Travel Agencies

These days, a lot of online travel agencies prefer to claim that they are offering the best travel package at the best price as compared to any other. With the end goal to stand by their claim and avoid being called a fraud travel agency, they need to keep themselves updated with every change in the domain of their market and act accordingly. Owing to the highly competitive nature of the travel industry, it is vital to hire data extraction services.

3 – Real Estate

When the question is about competition and market research, the real estate industry can’t be ignored. The prices of real estate property keep changing frequently. As a real estate property dealer, you are ought to remain updated with all the changes in the domain of real estate. This can be effortlessly achieved with the help of data extraction services.