Global Customer Experience Analytics Market Key Players, Size, Share and Demand by Forecast to 2023

Market Highlights:

Customer experience management an be defined as a process by which a company tracks the interaction between consumers and the organizations. This process takes place throughout a particular consumer lifecycle. The organization has a customer experience management process to meet consumer requirements and loyalty. Customer experience management requires an extensive strategy to manage customer experiences.

The factors contributing to the growth of the customer experience management market are the growing need to meet consumer satisfaction, increasing e-commerce, competitive environment and growing focus towards consumer oriented market. However, choosing the right technology and consistency across various verticals are hindering the growth of the customer experience management market.

Geographically, North America accounted for the largest market share in the global customer experience management market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.

The Customer Experience Analytics Market is growing rapidly over 14% of CAGR and is expected to reach at approx. USD 12 billion by the end of forecast period.

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Major Key Players:

  • Adobe Systems Incorporated (U.S.)
  • Oracle Corporation (U.S.)
  • IBM Corporation (U.S.)
  • Nokia Networks (Finland)
  • Tech Mahindra Limited (India)
  • Avaya Inc. (U.S.)
  • SDL (U.K.)
  • SAS Institute Inc. (U.S.)
  • OpenText Corporation (Canada)
  • HP Inc. (U.S.)

Customer Experience Analytics Market Segmentation:

The customer experience analytics market has been segmented on the basis of touch points, solution and vertical. The vertical segment is further bifurcated into BFSI, manufacturing, healthcare, retail, travel and hospitality and government. Out of these, the manufacturing segment is expected to grow at the highest CAGR during the forecast period.

Mobile phones too are very much useful in sending alerts and request callbacks which ultimately helps in collecting customer feedback. So mobile phones play an important role in customer experience analytics.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Customer Experience Analytics Market -Forecast to 2023”.

Market Research Analysis:

The global customer experience analytics market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global customer experience analytics market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate as compared with other regions.

Within Asia Pacific, increasing use of smartphones and is projected to contribute to the faster share growth of revenue backed by growth in e-commerce and m-commerce industry in countries such as Japan, China and India.

Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of customer experience analytics market. Customer experience analytics market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth. In Brazil, customer experience analytics is increasing popularity and is expected to increase significant market share during the forecast period.

Customer experience analytics market in Middle East and Africa are new and are in its introductory phase, so can be great for new investments in customer experience analytics market.

Intended Audience:

  • Technology investors
  • Integrated device manufacturers (IDMs)
  • Original equipment manufacturers (OEMs)
  • Research/Consultancy firms

Regional Analysis:

The regional analysis of customer experience analytics market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major factor in the growth of customer experience analytics market in North America attributes to the presence of key companies like Oracle, Adobe, IBM in that region.

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