Market research is a critical component of business strategy, providing valuable insights into consumer behavior, market trends, and competitive analysis. In Alabama, a state with a diverse economy and a growing population, market research services are in high demand. As a digital B2B marketplace, Qualified.One is committed to providing comprehensive data and insights on market research services in Alabama. This article will delve into the demographic and economic landscape of Alabama, the global and local market research industry, and the pricing of market research services in the state.
Alabama Demography
Alabama is home to approximately 5,108,468 people, with an annual growth rate of 5.12%. The majority of the population, around 3,984,605 people, are over 18 years old. This demographic data is crucial for businesses as it helps them understand their potential market size and target audience.
Alabama Business Landscape
As of 2024, Alabama boasts 156,737 registered businesses, with a yearly change in the number of businesses at 6.6%. The state's GDP is projected to be $302,289 million in 2023, with a GDP growth rate of 8.9%. The corporate tax rate in Alabama is 6.5%, which is competitive compared to other states.
Market Research Services Globally and in Alabama
The global market size of market research services is $83,930,000, with a growth rate of about 3.4%. The United States holds a significant share of this market, approximately 60% or $50,358,000. Alabama, with its diverse economy and growing business landscape, is a significant contributor to this market.
Market Research Services in the US
As mentioned earlier, the United States holds a significant share in the global market research industry. This dominance is due to the country's robust economy, diverse consumer base, and the presence of numerous multinational corporations that rely on market research for their strategic decisions.
Top Alabama Cities: Economic Insights
Several cities in Alabama stand out for their economic contributions. These include Shelby, Madison, Montgomery, Elmore, Houston, Tuscaloosa, Mobile, Cullman, and Talladega. These cities have diverse populations and income per capita, making them attractive markets for businesses.
Market Research Price in Alabama
The pricing of market research agencies in Alabama varies. According to Qualified.One data, 44.3% of projects have a budget below $10,000, 25.5% have a budget between $10k-$50k, 20.1% have a budget between $50k-$200k, and 2% have a budget between $200k-$1 million. The average market research project size is $49,745.
Summary of Market Research Market in Alabama
| Parameter |
Value |
| Population |
5,108,468 |
| Annual Growth Rate |
5.12% |
| Number of Businesses |
156,737 |
| GDP |
$302,289 million |
| GDP Growth Rate |
8.9% |
| Corporate Tax |
6.5% |
| Global Market Size of Market Research |
$83,930,000 |
| US Share in Global Market Research |
60% |
| Average Market Research Project Size in Alabama |
$49,745 |
Market Research agencies in United States
US Armed Forces Europe |
Alabama |
Arkansas |
Arizona |
California |
Colorado |
Connecticut |
Washington, D.C. |
Delaware |
Florida |
Georgia |
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Alaska |
US Armed Forces Pacific |
American Samoa |
Federated States of Micronesia |
Guam |
Hawaii |
Marshall Islands |
Northern Mariana Islands |
Oregon |
Palau |
Washington |
Market Research agencies in Alabama cities
Abbeville |
Abernant |
Adamsville |
Addison |
Adger |
Akron |
Alabaster |
Alberta |
Albertville |
Alexander City |
Alexandria |
Aliceville |
Allgood |
Alpine |
Alton |
Altoona |
Andalusia |
Anderson |
Annemanie |
Anniston |
Arab |
Ardmore |
Ariton |
Arley |
Arlington |
Ashford |
Ashland |
Ashville |
Athens |
Atmore |
Attalla |
Auburn |
Auburn University |
Autaugaville |
Axis |
Baileyton |
Banks |
Bankston |
Bayou La Batre |
Bay Minette |
Bear Creek |
Beatrice |
Beaverton |
Belk |
Bellamy |
Belle Mina |
Bellwood |
Berry |
Bessemer |
Billingsley |
Birmingham |
Black |
Blountsville |
Boaz |
Boligee |
Bon Air |
Bon Secour |
Booth |
Boykin |
Brantley |
Bremen |
Brent |
Brewton |
Bridgeport |
Brierfield |
Brilliant |
Brooklyn |
Brookside |
Brookwood |
Brownsboro |
Brundidge |
Bryant |
Bucks |
Buhl |
Burnwell |
Butler |
Bynum |
Calera |
Calvert |
Camden |
Campbell |
Camp Hill |
Capshaw |
Carbon Hill |
Carlton |
Carrollton |
Castleberry |
Catherine |
Cecil |
Cedar Bluff |
Centre |
Centreville |
Chancellor |
Chapman |
Chatom |
Chelsea |
Cherokee |
Childersburg |
Choccolocco |
Chunchula |
Citronelle |
Clanton |
Clay |
Clayton |
Cleveland |
Clinton |
Clio |
Clopton |
Cloverdale |
Coaling |
Coden |
Coffeeville |
Coffee Springs |
Coker |
Collinsville |
Columbia |
Columbiana |
Cook Springs |
Coosada |
Cordova |
Cottondale |
Cottonton |
Cottonwood |
Courtland |
Cowarts |
Coy |
Cragford |
Crane Hill |
Creola |
Cropwell |
Crossville |
Cuba |
Cullman |
Cusseta |
Dadeville |
Daleville |
Danville |
Daphne |
Dauphin Island |
Daviston |
Dawson |
Deatsville |
Decatur |
Deer Park |
Delmar |
Delta |
Demopolis |
Detroit |
De Armanville |
Dickinson |
Dixons Mills |
Docena |
Dolomite |
Dora |
Dothan |
Double Springs |
Douglas |
Dozier |
Duncanville |
Dutton |
Eastaboga |
East Tallassee |
Echola |
Eclectic |
Edwardsville |
Eight Mile |
Elba |
Elberta |
Eldridge |
Elkmont |
Elmore |
Elrod |
Emelle |
Empire |
Enterprise |
Epes |
Equality |
Estillfork |
Ethelsville |
Eufaula |
Eutaw |
Eva |
Evergreen |
Excel |
Fackler |
Fairfield |
Fairhope |
Falkville |
Faunsdale |
Fayette |
Fitzpatrick |
Five Points |
Flat Rock |
Flomaton |
Florala |
Florence |
Foley |
Forest Home |
Forkland |
Fort Davis |
Fort Deposit |
Fort Mitchell |
Fort Payne |
Fort Rucker |
Fosters |
Franklin |
Frankville |
Frisco City |
Fruitdale |
Fruithurst |
Fulton |
Fultondale |
Furman |
Fyffe |
Gadsden |
Gainestown |
Gainesville |
Gallant |
Gallion |
Gantt |
Gardendale |
Garden City |
Gaylesville |
Geneva |
Georgiana |
Geraldine |
Gilbertown |
Glenwood |
Glen Allen |
Goodsprings |
Goodwater |
Goodway |
Gordo |
Gordon |
Goshen |
Grady |
Graham |
Grand Bay |
Grant |
Graysville |
Greensboro |
Greenville |
Green Pond |
Groveoak |
Grove Hill |
Guin |
Gulf Shores |
Guntersville |
Gurley |
Hackleburg |
Haleyville |
Hamilton |
Hanceville |
Hardaway |
Harpersville |
Hartford |
Hartselle |
Harvest |
Hatchechubbee |
Hayden |
Hayneville |
Hazel Green |
Headland |
Heflin |
Helena |
Henagar |
Higdon |
Highland Home |
Hillsboro |
Hodges |
Hollins |
Hollytree |
Hollywood |
Holly Pond |
Holy Trinity |
Honoraville |
Hope Hull |
Horton |
Houston |
Huntsville |
Hurtsboro |
Huxford |
Ider |
Irvington |
Jachin |
Jack |
Jackson |
Jacksons Gap |
Jacksonville |
Jasper |
Jefferson |
Jemison |
Jones |
Joppa |
Kansas |
Kellerman |
Kellyton |
Kennedy |
Kent |
Killen |
Kimberly |
Kinston |
Knoxville |
Laceys Spring |
Lafayette |
Lanett |
Langston |
Lapine |
Lawley |
Leeds |
Leesburg |
Leighton |
Lenox |
Leroy |
Lester |
Letohatchee |
Lexington |
Lillian |
Lincoln |
Linden |
Lineville |
Lisman |
Little River |
Livingston |
Loachapoka |
Lockhart |
Locust Fork |
Logan |
Louisville |
Lower Peach Tree |
Lowndesboro |
Loxley |
Luverne |
Lynn |
Madison |
Magnolia |
Magnolia Springs |
Malcolm |
Malvern |
Maplesville |
Marbury |
Margaret |
Marion |
Marion Junction |
Mathews |
Maylene |
Mc Calla |
Mc Intosh |
Mc Kenzie |
Mc Shan |
Mc Williams |
Megargel |
Melvin |
Mentone |
Meridianville |
Mexia |
Midland City |
Midway |
Millbrook |
Millerville |
Millport |
Millry |
Minter |
Mobile |
Monroeville |
Montevallo |
Montgomery |
Montrose |
Moody |
Mooresville |
Morris |
Morvin |
Moulton |
Moundville |
Mount Hope |
Mount Meigs |
Mount Olive |
Mount Vernon |
Mulga |
Munford |
Muscadine |
Muscle Shoals |
Myrtlewood |
Nanafalia |
Natural Bridge |
Nauvoo |
Needham |
Newbern |
Newton |
Newville |
New Brockton |
New Castle |
New Hope |
New Market |
Normal |
Northport |
Notasulga |
Oakman |
Oak Hill |
Odenville |
Ohatchee |
Oneonta |
Opelika |
Opp |
Orange Beach |
Orrville |
Owens Cross Roads |
Oxford |
Ozark |
Paint Rock |
Palmerdale |
Panola |
Pansey |
Parrish |
Pelham |
Pell City |
Pennington |
Perdido |
Perdue Hill |
Perote |
Peterman |
Peterson |
Petrey |
Phenix City |
Phil Campbell |
Piedmont |
Pike Road |
Pinckard |
Pine Apple |
Pine Hill |
Pine Level |
Pinson |
Pisgah |
Pittsview |
Plantersville |
Pleasant Grove |
Point Clear |
Prattville |
Princeton |
Quinton |
Ragland |
Rainbow City |
Rainsville |
Ralph |
Ramer |
Ranburne |
Randolph |
Range |
RBC |
Red Bay |
Red Level |
Reform |
Remlap |
Repton |
Riverside |
River Falls |
Roanoke |
Robertsdale |
Rockford |
Rogersville |
Russellville |
Rutledge |
Ryland |
Safford |
Saginaw |
Saint Elmo |
Saint Stephens |
Salem |
Samantha |
Samson |
Saraland |
Sardis |
Satsuma |
Sawyerville |
Sayre |
Scottsboro |
Seale |
Section |
Selma |
Seminole |
Semmes |
Shannon |
Sheffield |
Shelby |
Shorter |
Shorterville |
Silas |
Siluria |
Silverhill |
Sipsey |
Skipperville |
Slocomb |
Smiths Station |
Somerville |
Spanish Fort |
Springville |
Spring Garden |
Spruce Pine |
Stanton |
Stapleton |
Steele |
Sterrett |
Stevenson |
Stockton |
Sulligent |
Sumiton |
Summerdale |
Sunflower |
Sweet Water |
Sycamore |
Sylacauga |
Sylvania |
Talladega |
Tallassee |
Tanner |
Theodore |
Thomaston |
Thomasville |
Thorsby |
Tibbie |
Titus |
Toney |
Townley |
Town Creek |
Toxey |
Trafford |
Trenton |
Trinity |
Troy |
Trussville |
Tuscaloosa |
Tuscumbia |
Tuskegee |
Tuskegee Institute |
Tyler |
Uniontown |
Union Grove |
Union Springs |
Uriah |
Valhermoso Springs |
Valley |
Valley Head |
Vance |
Vandiver |
Verbena |
Vernon |
Vina |
Vincent |
Vinegar Bend |
Vinemont |
Vredenburgh |
Wadley |
Wagarville |
Walnut Grove |
Ward |
Warrior |
Waterloo |
Watson |
Wattsville |
Waverly |
Weaver |
Webb |
Wedowee |
Wellington |
Weogufka |
Westover |
West Blocton |
West Greene |
Wetumpka |
Whatley |
Wilmer |
Wilsonville |
Wilton |
Winfield |
Wing |
Woodland |
Woodstock |
Woodville |
York |
Other Marketing companies in Alabama
App Marketing |
Content Marketing |
Creative |
Digital Marketing |
Digital Strategy |
Email Marketing |
Event Marketing |
Full Service Digital |
Inbound Marketing |
Market Research |
Media Buying |
Naming |
PPC |
PR |
SEM |
SEO |
Social Media Marketing |
