A Complete Guide to 2025’s Analyst Firms – New SageCircle Research

An interesting chart from SageCircle shows how users of major analyst and advisory firms perceive their independence, market impact, and specialization. The report clusters the analyst firms into ten categories. SageCircle‘s latest SageNote presents a comprehensive market analysis of industry analyst firms, identifying 10 distinct segments based on independence ratings, market influence, and specialization depth.

The 10 Segments

The Analyst Value Survey asked almost 1,000 users of analyst research and advisory services to rate the firms they worked with. We used hierarchical clustering to organise these similar firms into groups. There are several firms in each cluster. Below, we give indicative examples of the firms in each cluster. A fuller list is in the SageNote.

Global Leaders

These firms, including Gartner, Forrester, and IDC, hold broad market coverage with high influence ratings. With independence scores of 3.7/5, they set industry standards through research frameworks like Magic Quadrant and Wave. Their research informs major technology purchase decisions.

Big Four Advisory

Deloitte, KPMG, EY, and PwC combine research capabilities with professional services. Their independence rating of 3.0/5 reflects this integrated model. Their strength lies in connecting research insights to implementation expertise.

IT Services Specialists

Firms like HFS Research, ISG, and Everest Group focus on service delivery and operations. They maintain a 3.3/5 independence rating. These firms provide deep operational insights into IT services markets and delivery models.

Digital Transformation Advisors

Firms like 451 Research and Omdia concentrate on technology-driven change. With 3.6/5 independence ratings, they guide strategic transformation through market analysis and advisory services.

Tech Market Intelligence

Firms like TechInsights (previously Strategy Analytics) and ABI Research excel in data-driven analysis. Their 3.8/5 independence rating supports trusted market sizing and forecasting services across technology sectors.

Regional Specialists

European firms like PAC and TechMarketView bring geographic focus to their analysis. A 3.5/5 independence rating combines with strong local market expertise to serve specific regions.

Financial Services Experts

Firms like Datos Insights and Celent maintain deep banking and insurance sector knowledge. Their 3.9/5 independence rating reflects specialized financial services expertise.

Boutique Tech Analysts

Firms like RedMonk and Constellation Research showcase niche technology focus areas. Their 4.2/5 independence rating tops the industry, backed by deep specialized knowledge.

Emerging Digital Advisors

Firms like Digital Clarity Group and CCS Insight business study digital strategy and transformation. A 3.2/5 independence rating pairs with insights into digital business models.

Specialized Research Providers

Firms like Info-Tech and EMA deliver technical domain expertise. Their 3.4/5 independence rating supports practical implementation guidance for specific technologies.

Market Dynamics

Research shows firm size correlates with influence but often inversely with independence ratings. Research services generate core revenue across segments, while geographic coverage varies by firm type. Financial services leads all vertical market coverage.

Strategic Implications

Organizations gain most value by engaging multiple analyst segments. Independence ratings guide how to weigh different perspectives. Specialized expertise works best alongside broader market coverage. Implementation support connects strategy to execution.

The complete SageNote offers a detailed analysis of each segment plus frameworks for strategic planning, engagement optimization, and value maximization.

Duncan Chapple