Customer Journey Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Customer Journey Analytics Market
The Customer Journey Analytics Market size was valued at USD 4.16 billion in 2023, and the market is now projected to grow from USD 4.53 billion in 2024 to USD 10.08 billion by 2032, exhibiting a CAGR of 10.5%during the forecast period of 2024-2032.
The COVID-19 hit the market badly, as it gave fear and shutdown, with which everything shifted to online platforms including shopping. With passing year nearly by mid-2021 during lockdown the online shopping and media usage boosted globally and demand for high-speed internet and digitalising businesses, led to The Customer Journey Analytics Market Growth. The Mapping provides important and valuable insights for businesses, which gives maximum marketing ROI and reducing investments, and the demand for these solutions is thriving among enterprises worldwide.
With advanced technologies and digital transformations, businesses and companies are evolving and focusing on understanding customers’ real-time buying behaviour and preferences, as customers today are only shop when the need something, there has been growing with window shopping ending with buying something, and all this depends about experience given to customers. The analytics tool for mapping customers’ journey help businesses to create detailed maps for the customer journey, and it covers all the touchpoint. With growing importance towards customers experience the Customer Journey Analytics Market Share is expanding specially in the industries such as BFSI, Healthcare, telecommunications, and retail, as they are important for driving business and give better outcomes. “The State of Personalisation 2022” report by Twilio states that 80% of businesses found that with personalised experience the businesses are experiencing maximum customer spending. With growing competition, businesses are investing in customer journey analytics to gain valuable insights.
To predict consumer behaviour market is relying on the analytics and with integration of Artificial Intelligence and machine learning it has become more fruitful and import for the forecast or prediction. To improve their business’ outcomes vendors are focusing on improving user interface, visualisations and interactivity, and developing advanced scalable AI platforms. CSG Systems International, Inc; conducted study on march 2023, and the study was based on data from over 12 billion global customer interactions. This study has shown the importance of the need for businesses to accelerate digital customer experiences by using new technologies in customer journey analytics solutions. With AI domination the software solution is giving more real-time consumer behaviour data.
Comprehensive Analysis of Customer Journey Analytics Market
The Customer Journey Analytics Market and Information & Communication Technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the technological benefit management industry. These segmentations are methodically segregated By Touchpoint Analysis, By Deployment Analysis & By Industry Analysis. The types of touchpoint include,Website, Social Media, Email, Mobile, and Others (Stores), by deployment type Cloud, and On-premises. , and by industry type it includes BFSI, Healthcare, Retail and E-commerce, IT & Telecom, Travel & Hospitality, & Others (Energy & Utilities).
North America is holding highest Customer Journey Analytics market share and staying in the dominating position at global level followed by Asia Pacific. The region has its key players which are driving the market growth, such as U.S., with rising technological advancement and strong digital infrastructure. The reason for owing to the biggest market is the availability of advanced analytics tools, cloud computing, big data processing capabilities, and AI-driven platforms. These advanced technologies are making it easier for the businesses to implement and use analytics solutions.
The top players in the market play a crucial role in the information and communication technologyindustry assuring industrial prospectus growth and setting market standards. These players include,Adobe Systems, Inc. (U.S.), Salesforce.com, Inc. (U.S.), Nice Ltd. (Israel), Genesys (U.S.), Quadient (France) Pegasystems Inc. (U.S.), SAP SE (Germany), Acxiom LLC (U.S.), Verint Systems Inc. (U.S.), Teradata (U.S.), these market players provide a level-playing competitive landscape.
February 2024 – With undisclosed amount, Accenture announced its plan to acquire GemSeek Consulting. It is a Bulgarian customer analytics firm, with more than 170 employees.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 10.5% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Touchpoint
Website
Social Media
Email
Mobile
Others (Stores)
By Deployment
Cloud
On-premises
By Industry
BFSI
Healthcare
Retail and E-commerce
IT & Telecom
Travel & Hospitality
Others (Energy & Utilities)
By Region
North America (By Touchpoint, By Deployment, By Industry, and By Country)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
South America (By Touchpoint, By Deployment, By Industry, and By Country)
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America
Europe (By Touchpoint, By Deployment, By Industry, and By Country)
- U.K. (By Industry)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
Middle East & Africa (By Touchpoint, By Deployment, By Industry, and By Country)
- Turkey (By Industry)
- Israel (By Industry)
- GCC (By Industry)
- North Africa (By Industry)
- South Africa (By Industry)
- Rest of Middle East & Africa
Asia Pacific (By Touchpoint, By Deployment, By Industry, and By Country)
- China (By Industry)
- Japan (By Industry)
- India (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
- Rest of Asia Pacific
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