WOM measurement to continue strong growth – study

US— Spending on research and measurement of word-of-mouth marketing in the US grew nearly 15% last year to just over $200m, according to a study by researcher PQ Media.

The firm predicts that the field will continue to grow this year at “low double-digit rates”, despite the onset of recession. The forecasts come from PQ Media’s Word-of-Mouth Marketing Forecast 2009-2013.

The growth in measurement is keeping pace with growth in total spending on WOM marketing, which was up 14.2% in 2008 to $1.54bn, and is expected to grow by 10.2% this year.

In its analysis of the results, PQ Media said WOM marketers are calling for better measurement, and demand is driving the development of more effective metrics.

The company said: “Although more leading brands are accepting WOM, they are demanding data to justify their spending. Marketers are requesting research that extends beyond anecdotal information about online conversations and consumer attitudes. They expect proof of return on investment, and WoM research companies are developing new metrics to address these demands.”

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments


Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts