Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.49 Billion | USD 4.35 Billion | 11.3% | 2023 |
According to the report published by Zion Market Research, the global Online Survey Software Market size was valued at USD 1.49 Billion in 2023 and is predicted to reach USD 4.35 Billion by the end of 2032. The market is expected to grow with a CAGR of 11.3% during the forecast period. The report analyzes the global Online Survey Software Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Online Survey Software industry.
Online survey software is utilized for better understanding of customer behavior and trends by the process of filling customized or pre-designed survey forms. One major benefit of online survey for researchers is that they can easily analyze customer trends and consequently save time due to a wide availability of data and information. This data or information is available easily and immediately and can also be exported to a specific location, a spreadsheet, or a statistical program which helps in detailed research.
Fast industrialization has resulted into surging competition amid the multiple sectors, which in turn has increased the inclination towards digitalization. The rise in the implementation of digitalization solutions by establishments allows the usage of online survey forms, augmenting the expansion of the global online survey software market outlook. The market is similarly driven by the surging requirement for online survey software from SMBs. The growth in the number of e-commerce transactions and platforms is another factor anticipated to stimulate the growth of the global online survey software market share over the forecast timeline.
Furthermore, the stupendous rise of the e-commerce industry accompanied with the growing focus on customer loyalty and customer satisfaction further stimulates the global online survey software market forecast. Also, other factors such as availability of high speed internet solutions, the penetration of 4G & 5G technologies, and rapidly enhancing IT framework substantially contribute towards the development of the global online survey software market trends. The recent boom in the e-commerce sector is a prominent growth driver for the online survey software market size. Since e-commerce is a developing sector, it is focusing more on improving products and services by receiving feedbacks and reviews from its users with the help online survey software. Companies including Zomato, Amazon, and other such e-commerce platforms are increasingly collecting feedback surveys and forms through their consumers to know their preferences, tastes, and fashion, and for knowing their views about their products and services to be able to serve better.
The market continues to compete with the conventional survey methods because of their more accurate and more reliable data sources and results. Hence, the surging preference for traditional survey methods or techniques will prove to hamper the expansion of the global online survey software market. Furthermore, the rising concerns among the people about the data security and safety is another factor expected to restrain the users from filling online forms and surveys, which in turn will restrain the expansion of the global online survey software market over the upcoming times.
The global online survey service market has been differentiated on the basis of product, by application, and by region. By product, the global online survey software market has been classified into free, time to pay, one-time charge, and partially charge. A large number of companies prefer one-time charge model as it avoids tiered payments which are related to the subscription survey software model.
The market, based on application, can be segregated into market research, financial services, retail, healthcare, and manufacturing. The retail segment significantly utilizes online survey software for improving customer loyalty and customer satisfaction by receiving customer feedback. This also helps organizations to enhance their services and products.
Report Attributes | Report Details |
---|---|
Report Name | Online Survey Software Market |
Market Size in 2023 | USD 1.49 Billion |
Market Forecast in 2032 | USD 4.35 Billion |
Growth Rate | CAGR of 11.3% |
Number of Pages | 197 |
Key Companies Covered | Medallia Inc., Inqwise, Campaign Monitor, Qualtrics, Zoho Corporation Pvt. Ltd., Confirmit, SurveyMonkey, and QuestionPro |
Segments Covered | By Product, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is projected to grow at significant rate over the forecast period attributable to the simplicity of utilizing cloud-based online survey platforms and software when compared with those that are on-premises. Additionally, North America has prevalence of large numbers of market players, hence making it a prominent region in terms of market share.
Asia Pacific is expected to exhibit higher growth rates over the forthcoming timeframe. This can be attributed to the rising internet penetration coupled with the growing advancements associated with technology which have additionally stimulated the market growth as more users can stay connected with the help of portable gadgets and smart devices such as smartphones through the web.
The global online survey software market is extremely concentrated with the presence of a large number of companies competing with each other to increase their foothold in the global market. Establishments are implementing key strategies such as improving their user-interface so that anyone can design survey forms.
Some of the major market players operating in the global online survey software market comprise of:
The Global Online Survey Software Market is segmented as follows:
By product
by application
FrequentlyAsked Questions
Fast industrialization has resulted into surging competition amid the multiple sectors, which in turn has increased the inclination towards digitalization. The rise in the implementation of digitalization solutions by establishments allows the usage of online survey forms, augmenting the expansion of the global online survey software market outlook. The market is similarly driven by the surging requirement for online survey software from SMBs.
Asia Pacific is expected to exhibit higher growth rates over the forthcoming timeframe. This can be attributed to the rising internet penetration coupled with the growing advancements associated with technology which have additionally stimulated the market growth as more users can stay connected with the help of portable gadgets and smart devices such as smartphones through the web.
Some of the major market players operating in the global online survey software market comprise of Medallia Inc., Inqwise, Campaign Monitor, Qualtrics, Zoho Corporation Pvt. Ltd., Confirmit, SurveyMonkey, and QuestionPro.
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