Press release
Global Online Survey Software Market Growth Accelerates: Strategic Forecast Predicts $7.36 Billion by 2029
Online Survey Software
What Will the Online Survey Software Industry Market Size Be by 2025?
The market size of online survey software has seen a swift expansion in the previous years. It is predicted to rise from $3.48 billion in 2024 to $3.91 billion in 2025, marking a compound annual growth rate (CAGR) of 12.3%. Factors such as the early adoption of the internet, cost-effectiveness, globalization, e-commerce surge, advancements in data security, and widespread use of mobile devices can be credited for the growth during the historic period.
What's the Long-Term Growth Forecast for the Online Survey Software Market Size Through 2029?
The market size of online survey software is predicted to witness a swift expansion in the upcoming years, reaching $7.36 billion in 2029 with a compound annual growth rate (CAGR) of 17.1%. The projected growth for this period is due to elements such as heightened emphasis on data analytics, broadening of survey categories, more intuitive user interfaces, and augmented security protocols. The major trends forecasted for this period entail a swift technological evolution, innovative technological advancements, integration with supplementary tools, mobile adaptability and accessibility, and superior analytics and reporting.
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What Are the Key Growth Drivers Fueling the Online Survey Software Market Expansion?
The proliferation of the internet and its easy access is propelling the growth of the online survey software market. The surge in internet penetration can contribute significantly to the expansion of key sectors such as education, healthcare, energy, and governance. Moreover, the trend of conducting surveys through the web has skyrocketed in the past decade due to a greater use of the internet and the comparative affordability of such online polls in contrast to other techniques. For instance, the GSM Association, an international industry organization based out of the UK, reported in October 2023, that the monthly global mobile data usage per user climbed from 8.4 GB in 2021 to 11.3 GB in 2022. Hence, the rise in the utilization of the internet and its easy access are projected to enhance the use of online survey software throughout the predicted period.
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What Are the Key Trends Driving Online Survey Software Market Growth?
The emergence of technology in the online survey software market is gaining traction. To gain competitive advantage and bolster their market stand, key market players are centered on introducing state-of-the-art products. A case in point is Snap Surveys Ltd., a company based in the US, which debuted the Employee Engagement Survey and Employee Engagement and Enablement Survey in January 2022. These ready-to-use surveys are intended to collect opinions on a diverse range of employee-related issues, including job contentment, managerial competence, and organizational values. The surveys are tailor-made for each organization, offering an in-depth understanding of the employees' motivations, values, and perception of the organisation.
How Is the Online Survey Software Market Segmented?
The online survey softwaremarket 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
Subsegments:
1) By Individual Grade: Basic Survey Tools, Simple Polling Applications, Limited Features For Personal Use
2) By Enterprise Grade: Comprehensive Survey Platforms, Multi-User Access And Collaboration Features, Integration With CRM And Other Business Tools, Security And Compliance Features For Organizations
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Which Companies Are Leading the Charge in Online Survey Software Market Innovation?
Major companies operating in the online survey software market include 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
Which Regions Are Leading the Global Online Survey Software Market in Revenue?
North America was the largest region in the online survey software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online survey software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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