Industry Background:
Audience analytics is a data management platform that supports companies in gaining meaningful and actionable insights about the unique audience profiles. It is a mixture of predictive analytics, multi-touch attributes, and data management systems. The technology is widely gaining popularity as it provides cross-channel insights. With the help of audience analytics solutions, the enterprise can have valuable insights regarding aspects, such as psychographic information, demographic information, CRM data, etc. Such information provides functionality to profile customers and discover new potential customers or audiences, profile and grow current visitors count, and etc.This growth is primarily driven by Rising Need to Improve the Audience Experience
.
Attributes | Details |
---|
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 Internet Software & Services 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 Adobe (United States), Oracle (United States), IBM (United States), Google (United States), Unifi Software (United States), SAS (United States), Akamai (United States), Cxense (Norway), NetBase Solutions (United States), Cadreon (United States), Crimson Hexagon (United States), Quividi (France), 3DiVi (United States) and Flytxt (Netherlands), 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 Oct 2019, LiiV, the parent company formed by the owners of Splashlight, announced it has acquired Telmar. The combination of Splashlight and Telmar will bring to market the new discipline of creative intelligence, which is a breakthrough way to gather data about creative campaigns and provide marketers with a meaningful understanding of their audiences without invading personal privacy.
In July 2022, Adobe launched a new service, Adobe Analytics, that provides a single workspace for brands to unify data and insights across all media types, including metaphor. Adobe is previewing support for metaverse analytics as more brands begin to embrace immersive and 3D experiences.The Market for Audience Analytics is Fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, New Product Launch, in Order to Gain Share Within the Market. Owing to the Increasing Popularity of Digital Marketing, There are Growing Prospects for the New Players to Enter the Market
Influencing Trend:
Increasing Adoption of Audience Analytics among Media & Entertainment and Telecommunications Sectors
Market Growth Drivers:
Rising Need to Improve the Audience Experience, Growing Focus on Competitive Intelligence and Rising Number of E-Commerce Activities across the Globe
Challenges:
Data Security and Privacy Concerns
Restraints:
Complexities in Analytical Workflows and High Initial Cost of Analytics Platforms
Opportunities:
Increasing Adoption of Audience Analytics Solutions Among SMEs to Grow their Business and Growing Efforts for the Development of Smart Cities in Developing Countries
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 Audience Analytics 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 Audience Analytics 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 Audience Analytics 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, Audience Analytics Study Sheds Light on
The Audience Analytics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Audience Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Audience Analytics 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.