What is Generation Z?
Generation Z is the generation following the Millennial generation born between 1995 and 2014. Key characteristics include significant adoption of digital technologies, openness to new ideas, and more pronounced changes in Consumer Behavior influenced by technology.
Why is Generation Z Important?
In many countries, Gen Z is prosperous, digitally influential, open to new product offerings, and adept at technology. Reaching these consumers is important for companies to:
- Develop and launch new products
- Modify existing products to be relevant
- Create new customer relationships with consumers of the present and future
- Understand ways to create emotional connections with consumers
- Uncover new insights for messaging and targeting
- Develop Omnichannel strategies
Many countries experienced a population boom, providing growth to companies due to a large rising consumer population. In certain Emerging Markets, people part of Generation Z may be more prosperous and have larger disposable incomes than their parent generation.
About Generation Z Market Research
During the past 25 years, children’s research was mostly limited to Focus Groups, Dyads, Triads and One-on-One interviews. With the emergence of technology and Digital Disruption, Generation Z is a more complex group to research.
First of all, Generation Z has technology at their finger tips. They grew up with Smart Phones, Tablets, Smart Tech Home Assistants, Laptops and a wide range of technology tools in their classrooms. They even have different social media usage and site preferences from Millennials. Their shopping habits have shifted online more than any other generation.
Gen Z has a wider awareness of the environment around them, and of the products in their world. With their hand held devices, these children can make decisions, influence others rapidly, and navigate through a vast amount of information that was not available even to Millennials.
We conduct the following research solutions to capture the thought processes of Generation Z: