GME assists Signify, Philips Company with Greenhouse and Horticulture Report

Client's Problem:

One of GME’s clients was Signify, a part of Philips, which aimed to strengthen its position in the greenhouse and horticulture sectors. The company necessitated inclusive and strategic insights to recognize and reach potential clientele, uncover lucrative business opportunities, explore new application areas and adjacent markets, and stay well-informed with the latest technological trends to stay innovative and gain a competitive edge.

Solution Description:

To cater to the client’s requirement, Global Market Estimates (GME) designed an in-depth market research report on the greenhouse and horticulture market landscape. This comprehensive report analyzed identifying potential and high-value customers, lucrative business opportunities, novel application areas, adjacent market potential, and the latest technical advancements. This detailed report was meticulously designed to proffer actionable insights and to guide Signify in its expansion in the greenhouse and horticulture sectors.

Engaging Narrative:

Signify, a Philips company and a pioneer for its cutting-edge lighting solutions, identified growth opportunities within the greenhouse and horticulture industrial landscape. However, entering and securing a foothold in the market was complicated. Signify collaborated with Global Market Estimates (GME) to successfully penetrate this market, utilizing GME's precise, data-driven insights. Signify demanded an all-inclusive market report that would aid them in identifying their next million-dollar client and finding strategic growth opportunities.

This comprehensive report by GME was precise and catered to all the client's requirements. It highlighted high-potential customers, offering Signify a clear vision for their sales and marketing efforts. Strategic business opportunities analysis in the report revealed untapped areas for investments, while in-depth insights about new application areas and adjacent markets emphasized opportunities for innovation and diversification. The latest information about technological advances ensures Signify stays updated about industry advancements, allowing them to integrate innovative solutions into their offerings.

Use of Data and Evidence:

GME's report was backed by meticulous data collection and robust analytical methodologies. The report utilized data from numerous market surveys, industry reports, expert interviews, and financial data. The report provided:

• Customer Identification: Identified potential high-value customers and analyzed their needs, buying behaviour, and market influence.
• Strategic Opportunities: Delivered in-depth and actionable insights about emerging market trends, competitive analysis, and segments with lucrative growth opportunities.
• Application Areas and Adjacent Markets: Explored new application areas within the greenhouse and horticulture landscape and adjacent markets that could be leveraged for growth.
• Technological Updates: Provided insights about the latest technological advancements in horticultural lighting and related technologies to strengthen their market position.

Conclusion:

Signify’s collaboration with Global Market Estimates was instrumental in successfully helping Signify navigate and overcome its market share challenges in the greenhouse and horticulture market. The report helped Signify to identify the next million-dollar potential customer and delineate strategic business opportunities, novel application areas, and adjacent markets. With the latest technology updates, Signify was able to align its product development and marketing strategies with market demands and technological trends. This comprehensive and data-driven approach allowed Signify to make well-informed decisions, capitalize on new opportunities, and retain a strong foothold in the rapidly evolving greenhouse and horticulture industry.