Industry Background:
Product Reviews Software is used to provide reviews about products or services offered by any company. These reviews help customers to analyze a company’s product or service based on ratings, comments, and photos that are added by the end-user customers. These product reviews may act as a positive or negative impact on company business. The use of product reviews software by merchants of e-commerce businesses in order to improve their e-commerce business experience is increasing rapidly.This growth is primarily driven by Ease to Collect and Capture Feedback on E-Commerce Websites
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Trustpilot (Denmark), Bazaarvoice (United States), Yotpo (United States), Reviews.co.uk (United Kingdom), TurnTo (United States), PowerReviews (United States), ResellerRatings (United States), Kiyoh (United Kingdom), eKomi, Ltd. (Germany), Trustspot, Inc. (United States), Reevoo (London), Reziew (Switzerland) and Feefo (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2019, Bazaarvoice acquired Influenster to power online product reviews. Integrated into more than 6,000 websites, Bazaarvoice's software helps brands and retailers analyze reviews, ratings, videos, and other content posted by customers about their products. Influenster has 6 million members who read and write product reviews, share photos and videos, participate in product discussions, and receive rewards.
In June 2022, Yotpo, an ecommerce marketing platform that helps brands strengthen their relationships with consumers, launched Yotpo Subscriptions for Shopify. Yotpo subscriptions are designed to make it easy for merchants to start a subscription service and add stability in recurring revenue, increased customer retention, and a high level of loyalty to their business in the process.
Influencing Trend:
Companies Taking Customer Feedback More Seriously
Market Growth Drivers:
Ease to Collect and Capture Feedback on E-Commerce Websites and Growing Power of Customer Reviews
Challenges:
Increasing Number of Paid Negative Review
Restraints:
Data Privacy Concerns
Opportunities:
The Growing Online Purchase Consumers and Moderate and Manage Feedback/Reviews
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Product Reviews Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Product Reviews Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Product Reviews Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Product Reviews Software Study Sheds Light on
The Product Reviews Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Product Reviews Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Product Reviews Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.