Audience Analytics Market

Global Audience Analytics Market Size (2024 to 2029)

The size of the global audience analytics market is predicted to grow from USD 6.85 billion in 2024 to USD 12.35 billion by 2029, growing at a CAGR of 12.5% from 2024 to 2029.

Audience Analytics is a robust data management platform that assists businesses in obtaining productive insights related to information on distinct audience profiles. It is a comprehensive platform that comprises predictive analytics, data management systems, and various multi-touch attributes. Technology is growing in popularity because it provides information between channels. Through audience analysis solutions, the business can obtain valuable information on aspects such as demographic information, psychographic information, CRM data, etc. This information provides functionality to create customer profiles and discover new customers or potential audiences, create profiles, and increase the number of current visitors. It helps discover the non-intuitive attributes of converters for audience expansion.

Global Audience Analytics Market Drivers:

The increase in e-commerce activities around the world is increasing the number of user engagements on digital platforms. The growing interest of businesses in obtaining information through public engagement has led to increased adoption of audience analytics in several industries.

Audience analytics technology is used for audience or viewer analysis. Audience Analytics offers actionable insights by recognizing the interests of consumers, along with the level of understanding, trends, and various other factors. It consists primarily of data management systems, predictive analytics technologies, and multi-touch attributes. It leverages cookie-based data, statistical data, and various other sources to develop an accurate audience profile, helping to optimize campaigns, systematically measure impressions, and take advantage of CRM models. and web data. It is widely used to reinforce trends in social channels and obtain information between channels. Audience analytics offer functionality to businesses to identify new users, track current visits, and non-intuitive attributes of converters for enterprise expansion.

Services are an important part of audience analysis offerings. Audience analytics services support the various phases of planning, implementing, maintaining, and updating audience analytics solutions. The various significant benefits of audience analytics services include huge cost savings, trained resources, 24/7 customer service availability, and support for companies using the analytics solution. SMEs have realized that immediate response, fast business decisions and customer satisfaction are the main characteristics necessary to grow their business, generate more income and guarantee the desired results. They face intense competition from large companies. Therefore, to gain a competitive advantage, SMEs adopt audience analysis solutions and services that would provide faster response, quick decisions, and customer satisfaction.

Global Audience Analytics Market Restraints:

However, security and privacy concerns related to public viewing data and the complexity of analytical workflows are important factors that are expected to lead to bottlenecks in market growth during the forecast period.

Impact of COVID-19 on the global audience analytics market:

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to almost 100 countries worldwide, and the World Health Organization declared it a public health emergency. The global impacts of the 2019 coronavirus disease (COVID-19) are already beginning to be felt and will significantly affect the audience analysis market in 2020. COVID-19 had an adverse effect on the global economy by directly affecting production and demand, creating a supply chain and market disruption, and its financial impact on companies and financial markets.

REPORT COVERAGE:

This research report on the global audience analytics market has been segmented and sub-segmented based on the components, company size, application, industry vertical, and region.

Global Audience Analytics Market - By Component

• Solutions
• Services

Of these, the services segment is likely to expand with the considerable growth rate in the coming years.

Global Audience Analytics Market - By Organization Size

• Large Enterprises
• Small and Medium Enterprises

Among these, the Small and medium-sized enterprises (SMEs) are expected to record the fastest develop over the estimated period.

Global Audience Analytics Market - By Application

• Sales and Marketing Management
• Customer Experience Management
• Competitive Intelligence

Global Audience Analytics Market - By Vertical

• Travel & Hospitality
• Media & Entertainment
• Retail & Consumer Goods
• Telecommunications & IT
• Health & Life Sciences
• Government & Public Sector
• BFSI
• Others

Global Audience Analytics Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Of these, North America, with the presence of leading players and early adoption of technology, accounted for a dominant portion of the worldwide marketplace. The Asia Pacific region is estimated to record the highest CAGR in the coming years. European nations like Germany, Switzerland, and others are further anticipated to create immense growth potential for this market in the foreseen period.

KEY MARKET PLAYERS:

The audience analysis ecosystem includes service providers, such as comScore (USA), Adobe (USA), Oracle (USA), IBM (USA), Google (USA), Unifi Software (USA), SAS (USA), Akamai (USA), Cxense (Norway), NetBase Solutions (USA), Cadreon (USA), Socialbakers (Czech Republic), Crimson Hexagon (USA), Quividi (France) , 3DiVi (USA), Flytxt (Netherlands), Telmar (USA), StoryFit (USA), Brandchats (Spain), Verto Analytics (United States), AnalyticOwl (United States), Verimatrix (United States), Brandwatch (United Kingdom), Sightcorp (Netherlands) and Lotame Solutions (United States). Other stakeholders in the global audience analytics market include cloud service providers (CSPs), government agencies, independent software vendors (ISVs), consulting firms, systems integrators, and service providers. managed (MSP).