Press release
Surging Growth in The Global Online Survey Software Market: A Dive into Future Prospects and Key Trends
Surging Growth in The Global Online Survey Software Market
What Is The Projected Market Size Of The Global Online Survey Software Market And Its Growth Rate?
The online survey software market continues to flourish with notable strides being made in Internet adoption, cost-efficiency, globalization, rise of e-commerce, data security improvements, and mobile device proliferation.
•The market size was $3.48 billion in 2024 and is projected to grow to $3.94 billion in 2025, at a CAGR of 13.2%.
•The market is expected to see rapid growth towards a projected size of $7.52 billion in 2029 at a compound annual growth rate (CAGR) of 17.5%. Key drivers for this growth include increased data analytics focus, diversification of survey types, user-friendly interfaces, enhanced security measures.
What Is Driving The Growth In The Online Survey Software Market?
The significant rise in the penetration of the Internet globally is fuelling the expansion of the online survey software market. The surge in Internet availability has led to substantial growth in key sectors such as education, healthcare, energy, and governance. The number of web surveys has seen a dramatic increase in the past ten years due to the enhancement in internet penetration and the relatively economical cost of web surveys compared to other methods. For instance, according to the GSM Association in October 2023, the monthly global mobile data usage per user increased from 8.4 GB in 2021 to 11.3 GB in 2022. Therefore, the availability and penetration of the Internet are expected to boost the adoption of online survey software in the forecast period.
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Who Are the Key Players Driving Online Survey Software Market Growth?
Key players spearheading the growth in the online survey software market 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.
What Are The Key Trends In The Online Survey Software Market?
With growing technological evolution, there are several significant trends witnessed in the market:
•Rapid technological evolution
•Technological advancements
•Integration with other tools
•Mobile responsiveness and accessibility
•Advanced analytics and reporting
What Are The Segments Of The Global Online Survey Software Market?
The online survey software market is sectioned into the following:
•By Product: Individual Grade, Enterprise Grade
•By Deployment: Cloud, On-Premise
•By Organization Size: Small Scale Enterprises, Medium Sized Enterprises, Large Enterprises
•By Pricing Model: One Time License, Annual Subscription, Monthly Subscription
•By Application: Education, Public Sector, Automotive, Airline and Travel, BFSI, Retail, Medical, Media
Which Region Leads The Online Survey Software Market?
North America held the largest share in the online survey software market in 2024. Meanwhile, Asia-Pacific is expected to emerge as the fastest-growing region in the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Online Survey Software Market Global Market Report?
The report incorporates comprehensive analyses and assessments, as mentioned below:
- Market Size Analysis: Analyze the Online Survey Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Online Survey Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Online Survey Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Online Survey Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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