Press release
Online Survey Software Market 2024 - By Analysis, Trend, Future Scope, Demand, Leading Key Players And Industry Growth Forecast Till 2033
Online Survey Software Market
The Business Research Company offers in-depth market insights through Online Survey Software Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The online survey software market size has grown rapidly in recent years. It will grow from $3.11 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to early Internet adoption, cost efficiency, globalization, rise of e-commerce, data security improvements, mobile device proliferation.
The online survey software market size is expected to see rapid growth in the next few years. It will grow to $6.33 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increased data analytics focus, diversification of survey types, user-friendly interfaces, enhanced security measures. Major trends in the forecast period include rapid technological evolution, technological advancements, integration with other tools, mobile responsiveness and accessibility, advanced analytics and reporting.
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Market Segmentation:
The online survey software market covered in this report is segmented -
1) By Product: Individual Grade, Enterprise Grade
2) By Deployment: Cloud, On-Premise
3) By Organization Size: Small Scale Enterprises, Medium Sized Enterprises, Large Enterprises
4) By Pricing Model: One Time License, Annual Subscription , Monthly Subscription
5) By Application: Education , Public Sector, Automotive, Airline and Travel, BFSI, Retail, Medical, Media
Major Driver - Expanding Internet Access Fuels Growth In The Online Survey Software Market
The increasing penetration of the internet and its availability is driving the online survey software market. Increased internet penetration can lead to significant growth in important economic sectors such as education, healthcare, energy, and governance. Additionally, the number of surveys conducted via the internet has increased dramatically in the last ten years, owing to an increase in internet penetration and the relatively low cost of conducting web surveys in comparison to other methods. For instance, in 2021, according to the ITU, approximately 4.9 billion people or 63% of the world's population are using the Internet 2021. This represents a 17% increase since 2019, with 782 million people estimated to have gone online during that time. However, 2.9 billion people remain unconnected. Therefore, an increase in penetration of the internet and its availability is expected to boost the utilization of online survey software during the forecast period.
Competitive Landscape:
Major companies operating in the online survey software market report are Google LLC, Qualtrics, Zoho Corporation Pvt Ltd., SVMK Inc. (SurveyMonkey), Confirmit AS, Automattic (CrowdSignal), QuestionPro, Typeform S.L., Formstack LLC, SurveySparrow Inc., Alchemer (SurveyGizmo), Rybbon Inc., Qualaroo Inc., Questionnaire, Voxco Insights Platform, Snap Surveys Ltd., SoGoSurvey Inc., Formsite LLC, QuickTapSurvey, AskNicely, Checkbox Survey Inc., SurveyMethods, SurveyNuts, Novi Systems Inc. (Novi Survey), Feedbackify Ltd., Enalyzer, Dobility Inc. (SurveyCTO), Pollfish, Survey Anyplace, SurveyLegend AB, Qwary, Responster, Obsurvey Ltd., WorldAPP
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Top Trend - AI-Driven Survey Platforms Gain Traction In The Market
Major companies operating in the online survey software market are increasing their focus on introducing innovative survey platforms, such as Build with AI, to gain a competitive edge in the market. Build with AI is a feature that uses artificial intelligence to assist users in creating surveys, improving question quality, and optimizing survey design for better data collection and analysis. For instance, in November 2023, SurveyMonkey, a US-based survey company, launched Build with AI, which uses OpenAI's GPT technology to automate survey creation. Users can describe their survey goals, and the AI will generate a unique survey based on their prompt. The generated surveys include multiple-choice, checkbox, NPS, name, email, address, phone, and open-text questions. Users can then edit the generated survey, re-generate it with an edited prompt, or start over with another survey creation method.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Online Survey Software Market Characteristics
3. Online Survey Software Market Trends And Strategies
4. Online Survey Software Market - Macro Economic Scenario
5. Online Survey Software Market Size And Growth
…..
27. Online Survey Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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