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Customer Journey Analytics Market Witness the Growth of $12.22 Billion by 2022

10-28-2020 02:06 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

According to a research report "Customer Journey Analytics Market by Application (Customer Segmentation and Targeting, Customer Behavioral Analysis, Campaign Management), Touchpoint, Component, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022", The customer journey analytics market size is expected to grow from USD 4.76 Billion in 2017 to USD 12.22 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.8%. The key forces driving the customer journey analytics market include the need for providing consistent customer experience throughout customer journey and reducing churn out rate of customers, and rising need for competitive differentiation.

Browse 87 Market Data Tables and 41 Figures spread through 172 Pages and in-depth TOC on "Customer Journey Analytics Market- Global Forecast to 2022"

View detailed Table of Content here: https://www.marketsandmarkets.com/Market-Reports/customer-journey-analytics-market-119398916.html

The Banking, Financial Services, and Insurance (BFSI) vertical is expected to have the largest market share during the forecast period

Among industry verticals, the Banking, Financial Services and Insurance (BFSI) vertical is expected to continue to have the largest market share during the forecast period. This vertical is going through a massive transformation, as banks and insurance companies are focusing multi-channel customer experience management to accelerate customer acquisition, improve business loyalty, and encourage repeat business. The retail and eCommerce vertical is expected to grow at the highest CAGR during the forecast period, owing to an increased focus on reducing customer churn rate.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=119398916

The cloud deployment model is expected to grow at a high CAGR during the forecast period

The cloud-based deployment model is witnessing an increasing demand, due to its cost effectiveness and easy availability. Cloud-based solutions require less physical setup, incur low maintenance costs, and provide 24/7 accessibility from anytime, anywhere. Due to these advancements in cloud technologies, cloud-based deployments are expected to grow at a high growth rate, as compared with the on-premises deployment model. Moreover, cloud-based solutions provide agility and flexibility in use.

North America is expected to hold the largest market share; APAC to grow at the highest CAGR

In terms of market share, North America is expected to continue its dominance during the forecast period. The early adoption of new and emerging technologies and the emergence of many customer journey analytics vendors in the region are expected to help the region to garner most of the revenues in the market. The Asia Pacific (APAC) region is expected to grow at the highest CAGR during the forecast period. The growing technology expenditures in countries, such as Australia, China, and India, and the demand for cost-effective analytical software and services among the Small and Medium-Sized Enterprises (SMEs) are expected to drive the market growth during the forecast period.

Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=119398916

The major vendors providing customer journey analytics software and services include IBM Corporation (US), Salesforce.com, Inc. (US), Adobe Systems Incorporated (US), SAP SE (Germany), NICE Ltd. (Israel), Verint Systems Inc. (US), Pointillist (Luxembourg), ClickFox (US), Quadient (Switzerland), Kitewheel (US), Servion Global Solutions Ltd. (India), and CallMiner, Inc. (US).

Contact:
Mr. Aashish Mehra.
MarketsandMarkets™ INC.
630 Dundee Road,
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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