Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The web analytics market is impacted by a bunch of variables that all in all shape its elements and development direction. One vital element is the fast advancement of innovation. As the computerized scene goes through consistent changes, organizations endeavor to remain ahead by embracing state of the art apparatuses and answers for web investigation. The market moves forward because of the demand for advanced analytics capabilities like real-time data processing and predictive analytics. One more key market factor is the rising significance of information driven independent direction.
Organizations across enterprises perceive the worth of information in acquiring experiences into shopper conduct, site execution, and generally speaking business sector patterns. Web analytics gives a vital road to extricating significant data from the tremendous measures of information produced on the internet, empowering organizations to settle on informed choices and enhance their procedures. Also, the multiplication of online organizations and advanced advertising drives contributes altogether to the development of the web analytics market. As organizations grow their web-based presence, the requirement for exact estimation of site traffic, client commitment, and transformation rates becomes vital. Web analytics instruments engage associations to evaluate the viability of their internet-based crusades and refine their computerized advertising procedures for improved results. The worldwide idea of the web is one more market factor impacting web analytics. Organizations working on a worldwide scale face the test of taking special care of different crowds with changing inclinations and ways of behaving.
Web analytics devices offer bits of knowledge into provincial varieties, permitting organizations to fit their internet-based content and systems to more readily suit the inclinations of various geological sections. Security and protection concern likewise assume a urgent part in forming the web examination market. With expanding mindfulness and guidelines encompassing information security, organizations are feeling the squeeze to guarantee that their examination rehearses conform to legitimate and moral principles. This has prompted the advancement of security centered investigation arrangements and instruments that focus on client information insurance, tending to the developing worries of the two buyers and administrative bodies. Moreover, the cutthroat scene adds to the elements of the web analytics market.
Various merchants offer a wide cluster of investigation arrangements, each competing for a portion of the overall industry. This opposition powers advancement, provoking organizations to upgrade their contributions, further develop UIs, and foster new highlights to remain ahead on the lookout. The range of choices accessible permits organizations to pick examination devices that line up with their particular necessities and goals. The developing significance of client experience (CX) in business technique is an extra market factor impacting web analytics. Businesses are aware of how user experience affects customer satisfaction and loyalty. Web analytics instruments give pieces of information into client lead, tendencies, and pain points, enabling associations to upgrade their locales for a predictable and satisfying client experience. Furthermore, the scene of web analytics has been essentially impacted by the ascent of AI and ML advancements. These innovations upgrade the capacities of examination apparatuses by empowering computerized information investigation, design acknowledgment, and prescient displaying.
Web analytics examination arrangements offer organizations the capacity to gather significant experiences from huge datasets effectively, adding to more educated independent direction. Web analytics tools' affordability and accessibility are also important market factors. The accessibility of practical and easy to understand investigation arrangements democratizes access, permitting organizations, everything being equal, to use the force of information examination for informed navigation. Web analytics are more widely adopted in a variety of sectors and industries as a result of this accessibility. Last but not least, the ever-evolving regulatory environment has a significant impact on the market for web analytics. How organizations gather, interact, and store client information is influenced by security guidelines like the Overall GDPR and the CCPA. Adherence to these rules has transformed into a requirement for associations, influencing the arrangement and execution of web examination deals with serious consequences regarding line up with genuine essentials.
Web Analytics Market Highlights:
Web Analytics Market Overview
The Web Analytics market size is projected to grow from USD 16.72 billion in 2024 to USD 18.39 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.6% during the forecast period (2024 - 2032). Additionally, the market size for Web Analytics was valued at USD 5.48 billion in 2023.
High penetration of smartphones and increasing access to websites using smartphone are key factors driving the web analytics industry growth. The flow growth in aligning organizational core work with business objectives and rising awareness regarding the effective utilization of vast chunks of unorganized data are some other factors expected to boost the web analytics market share.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Web Analytics Market Trends
Rise in adoption of automation technologies in marketing to drive market growth
Social web tools, such as TweetDeck and Hootsuite, were launched by innovative entrepreneurs to help businesses handle the complex and large volume of data through dashboards. This provided an immense scope for automation in marketing, which in turn is expected to drive the growth of the market in the coming years. Marketing automation solutions track users' online buying patterns and browsing behavior anonymously, and focuses on workflows of digital operations to strengthen communication between marketing and sales. This in turn is expected to boost the growth of the web analytics market share during the forecast period.
Mobile web analytics is a growing market trend and is expected to witness high adoption in the coming years. This is attributed to rise in penetration of mobile devices that generate tremendous amount of data related to web and demographics It also helps determine important aspects of the website that drive mobile traffic and mobile marketing campaigns for the business. These marketing campaigns include mobile advertising, text campaigns, mobile search marketing, and desktop promotion of mobile sites and services. Therefore, increase in the demand for mobile analytics is expected to drive the market revenue growth.
Web Analytics Market Segment Insights
Web Analytics Application Insights
The web analytics market segmentation, based on application, includes social media management, and display advertising optimization. The social media management segment held the majority share in 2021 contribution to around ~65-67% in respect to the web analytics market revenue. Social Media Management is the process of managing your online presence on Social Media platforms like Facebook, Instagram, and Twitter by creating, publishing, and analyzing content you post. Social Media Management also includes engaging and interacting with Social Media users.
On the other hand, display advertising optimization is a form of advertising that passes a commercial message visually using logos, animations, text, videos, photographs, or other graphics. Display advertisers frequently target users with traits to increase the ads’ effect.
Web Analytics Vertical Insights
The web analytics market segmentation, based on vertical, includes retail, manufacturing, information technology, BFSI, healthcare, and transportation & logistics. The retail segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The Retail Market has gone through an extreme change from physical stores to online sales platforms. With the latest or modern advancement of the internet and the freedom to access it from anywhere, brick-and-mortar stores have turned into digital retailers, and a new breed of e-retailers has emerged. This new e-retailing option provides users access to a kind of virtual mall, at their fingertips. This wide digitization craving retailing sectors to reach out to mass audiences and customers and provide access to products and brands worldwide.
Web Analytics Deployment Insights
The web analytics market data has been bifurcated by deployment into on-cloud, and on-premise. The on-premise segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030 owing to the wide adoption of the types for various applications especially online advertising and online fraud detection purposes across industries.
Web Analytics Service Insights
Based on service, the web analytics industry has been segmented into professional service and managed service. Professional service held the largest segment share in 2021 owing to rising investment for enhancement of web content traffic from business and market research organizations.
Web Analytics Solution Insights
Based on solution, the web analytics industry has been segmented into search engine tracking & ranking and heat map analytics. Search engine tracking & ranking held the largest segment share in 2021. Rank tracking is the practice of tracking where URLs rank on the search engine results pages for select keywords. The URLs are tracked over time in order to detect trends and to see the impact of SEO optimization. Marketing automation is a type of software that allows companies to effectively target customers with automated marketing messages across channels including email, websites, social media, and text messages to generate sales leads.
Web Analytics Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American web analytics market is anticipated to expand at a significant CAGR during the study period, accounting for USD 1.68 billion in 2021. North America is projected to dominate the market in the coming years owing to the wide adoption of advanced and latest technology among various organizations to enhance their websites publishing about services and products. The presence of key players especially in the US acts as a key driving factor for the market growth in the region. The region has witnessed favorable conditions for market growth due to the implementation of data management technologies, government regulations, established player presence, and interest from enterprises to apply ML and BI solutions. Leading technology players such as Google, AWS, Salesforce, Microsoft, and IBM have been investing significantly in R&D activities for developing new AI-based solutions. These companies target higher revenue due to the increasing competition across North America. Apart from these established players, startups also receive funding from various bodies for their innovative ideas and products.
Moreover, the major countries covered in the market report include the United States, Germany, Canada, France, the United Kingdom, Italy, Spain, India, Japan, Australia, China, South Korea, and Brazil.
The European web analytics market is the world's second-largest owing to the rise in adopting cloud and IoT technologies and high rate of implementation of the analytics solutions as the IT infrastructure in this region is well developed. Elements like the strong presence of major web analytics providers and well-established technology development centers drive the market growth. Moreover, the region's increasing investments in AI and machine learning are integral to future marketing automation products. Companies like Amazon and Apple leverage artificial intelligence to conduct voice-based marketing through devices like Alexa and Siri. This is further expected to enhance the development of the market. Further, the German web analytics market held the largest market share, and the France web analytics market was the fastest-growing market in the European region.
The Asia Pacific web analytics market is expected to grow at the fastest rate of CAGR during the forecast period. This is because of the increasing number of analytics outsourcing activities and increased adoption of analytics solutions by the various end user industries. Moreover, increasing marketing services and social media presence in this region is a key driver for the regional market growth. Besides, some of the significant factors, such as the growing adoption of SaaS cloud services, increasing demand for data integration services, and expanding 5G network coverage, are estimated to provide a massive scope for the market studied in the region. Furthermore, China’s web analytics market held the largest market share, and the Indian web analytics market was the fastest-growing market in the Asia-Pacific region.
Web Analytics Key Market Players & Competitive Insights
The market is mildly concentrated, with many industry players working within national and international boundaries. Some of the key players competing in the web analytics market include Google Analytics, Omniture Inc, Webtrends Corp., and Yahoo Analytics. These major companies are actively engaged in various market strategies including mergers, product launches, and expansion of production units to diversify their business operation and increase their existing consumer base.
Google Analytics is aimed at marketers as opposed to technologists and webmasters who were initially targeted by the web analytics industry. It generates detailed website traffic statistics. It also determines the source of the traffic by tracking visitors from all referrers including direct visits, search engines, social networks, and other sources. Additionally, it also helps to measures conversions and sales.
Key Companies in the web analytics market include
-
Adobe Systems Inc (US)
-
AT Internet (France)
-
Google (US)
-
IBM Corporation (US)
-
Microsoft Corporation (US)
-
MicroStrategy Incorporated (US)
-
SAS Institute Inc (US)
-
Splunk Inc (US)
-
Tableau Software (US)
-
Hotjar Ltd (Malta)
-
Yahoo Inc (US)
-
SimilarWeb Ltd (US)
-
Mixpanel (US)
-
Netbiscuits (Germany)
Web Analytics Industry Developments
January 2022:- The IBM Institute for Business Value, in association with the National Retail Federation, the world’s biggest retail trade association, released their second study, “Consumers want it all,” which reveals increasing consumer preferences for sustainability and shopping journeys splintered across multiple digital, physical, and mobile touchpoints.
November 2021:- Tableau Software announced the release of new and future innovations across its data analytics and business intelligence portfolio.
March 2021:- Piano, the subscription commerce & customer experience platform, announced today it has joined forces with AT Internet, a France-based leader in digital analytics and contextual data.
Web Analytics Market Segmentation
Web Analytics Application Outlook
-
Social Media Management
-
Display Advertising Optimization
Web Analytics Vertical Outlook
-
Retail
-
Manufacturing
-
Information Technology
-
BFSI
-
Healthcare
-
Transportation & Logistics
Web Analytics Deployment Outlook
-
On-cloud
-
On-premise
Web Analytics Service Outlook
-
Professional Service
-
Managed Service
Web Analytics Solution Outlook
-
Search Engine Tracking & Ranking
-
Heat Map Analytics
Web Analytics Regional Outlook
-
North America
-
US
-
Canada
-
-
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
-
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
