Wave Report

The Forrester Wave™: Marketing Mix Modeling, Q3 2011

MarketShare, Marketing Management Analytics, ThinkVine, And SymphonyIRI Are Leaders

September 21st, 2011
Luca S. Paderni, null
Luca S. Paderni
With contributors:
Matthew Dernoga , Michael Glantz

Summary

The marketing mix modeling market is undergoing a transformation as marketers increasingly demand that vendors provide solutions that are updated frequently, can easily aggregate data streams, can provide forward-looking recommendations, and can account for the continuous evolution of digital channels, all in a package that is flexible and intuitive to navigate. In Forrester's 49-criteria evaluation of marketing mix modeling vendors, we found that MarketShare is a Leader thanks to its software functionality, extensive data partnerships, and innovative strategy to integrate with media agencies. Marketing Management Analytics (MMA) is also a strong option with its granular attribution tool and flexible software. ThinkVine excels with its unique consumer-centric, agent-based methodology, and SymphonyIRI Group's access to shopper and consumer data is unmatched. Marketing Analytics is a Strong Performer thanks to its strong modeling software but lacks access and shareability of models for agencies. Ninah is also a Strong Performer; it has a strong consultative approach but lacks a mature self-service software platform.

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