BMI Research was founded in 1984 as Business Monitor International by Richard Londesborough[4] and Jonathan Feroze[5] with an initial focus on Latin America.

In 1997, the company (then known as Business Monitor International) won the Queen's Award for export.

[8] In 2012, the company acquired Espicom Business Intelligence, "a UK-based company with a 30-year pedigree providing business intelligence on Medical Devices, Pharmaceuticals & Healthcare and Therapeutics across global markets".

[11] In June, 2014, Richard Hall [12] was appointed as CEO, and the firm re-branded as BMI Research in March, 2015.

BMI offers daily views, research and analysis, data and forecasting, and analyst access across the following areas: BMI regularly offers commentary and analysis in the media, and the company's analysts have been quoted in media outlets such as Associated Press,[26] Bloomberg News,[27] CNBC,[28] The Daily Telegraph,[29] The Diplomat,[30] Financial Times,[31] Fortune (magazine),[32] The Globe and Mail,[33] Infrastructure Investor,[34] Institutional Investor (magazine),[35] The Japan Times,[36] Le Monde,[37] Reuters,[38] The Wall Street Journal,[39] and The Washington Post.