Mumbai: Registering a significant milestone in its transformation journey, data-driven analytics Kantar on Monday announced that the cumulative revenue for Kantar Marketplace, its market research platform, has reached $100 million within two-and-a-half years of operation. 

Launched in mid-2019, Kantar Marketplace offers insights professionals, marketers and agencies the ability to build meaningfully different brands with speed and agility. Built on a foundation of Kantar’s expertise and proven methodologies, it delivers decision-quality insights in as little as a few hours. The automated platform features a range of consumer insights solutions that accelerate business decision-making - whether brands are getting feedback on an idea, developing a new product or launching a campaign.

In 2021 YTD* (Year to 30 September 2021) Kantar Marketplace is testing approximately 1000 creative and innovation assets per month, up 250 per cent compared with 2020 YTD and serving more than 500 client organisations, an increase of 150 per cent in 2020, including Coca-Cola, Diageo, Johnson & Johnson, Mastercard, Samsung, Reckitt, Vodafone, Walgreens Boots Alliance, and many more. It is available in 65 markets globally.

The newest solution suite on Kantar Marketplace is designed to support the innovation and product development lifecycle, with tools to help clients identify the best ideas, test and optimise concepts, and get-to-market quickly with packaging design testing. This builds on the creative effectiveness, media optimisation and brand insights solutions available on the platform.

At the heart of all Kantar Marketplace solutions is Kantar’s ‘Meaningfully Different’ framework, giving clients a reliable way to understand whether their marketing is likely to drive sales and brand equity. Insights delivered by Kantar Marketplace are fast, and tied to key business outcomes, providing greater decision-making confidence for the brands that use it.

“This is a fantastic milestone for Kantar Marketplace. The context that our clients’ businesses operate in is evolving rapidly, and they expect high quality insights faster than ever before. To have achieved $100m in sales just 30 months from launch is a ringing endorsement of the platform and our team," said Kantar Marketplace MD Will Galgey, commenting on the achievement. "The growth in client users, as well as the increasing frequency with which clients turn to the platform to address their research needs, gives us great confidence that Kantar Marketplace will only go from strength to strength as more products and clients come onboard.”