Multichannel Analytics Market: Current Analysis and Forecast (2022-2028)
Multichannel analytics is the practice of taking information from various customer channels such as radio, television, internet, and print and combining this information in a software environment to enable comprehensive reporting and analysis. With multi-channel analytics, businesses can see why people buy or convert. For example, it often shows the percentage of conversions that are based on or supported by social media messages.
The Multichannel Analytics Market is expected to grow at a strong CAGR of around 22% during the forecast period owing to the increasing adoption of analytical solutions among industries. Moreover, the growing adoption of multichannel marketing for customer engagement and the rising trend of online shopping due to a large coverage of the internet is further contributing to the growth of the market. In addition, the rising adoption of social media is also helping the market to grow at a strong growth rate. For instance, according to Nasdaq, Inc.; approximately 4.6 billion people worldwide were connected to social media in 2022, up from 3.9 billion in 2020.
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