Online Survey Software Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Online Survey Software Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2021 | Technology & Media

Report Digest


Global Online Survey Software Market: Snapshot

The global online survey software market is gearing for impressive growth in response to the rising volume of e-commerce transactions worldwide. The market is currently operating in a dynamic business environment wherein it is required to cater to the varying consumer needs. Never mind this, experts foresee a considerable rise in the demand for global online survey software market in the market years. For instance, the market is forecast to benefit from the escalating purchase and sale of products online. Against this backdrop, the rising internet penetration and the growing access to high speed internet will therefore bode well for the global online survey software market.

In the last couple of years, online transactions have exponentially increased in developed and developing countries alike. This has fuelled the need for product marketing. In addition, a better understanding of consumer behavior has become indispensable for businesses looking to gain competitive edge. This has in turn led to the increased implementation of online survey software solutions, which enable companies to reach more widespread audiences and even penetrate in remote locations.

Having said this, the rising adoption of cloud computing is also expected to boost the global online survey software market. As consumers are always in favor of better accuracy, the demand for cloud survey software is expected to surge in the coming years. It simplifies the process of creating and configuring online survey forms, besides enabling access to online questionnaires from handheld devices such as tablets and smartphones. Spurred by these and several other innovations the global online survey software market is forecast to exhibit strong growth in the coming years.

Global Online Survey Software Market: Overview

The ever-changing consumer behaviour patterns and the increasing need among sellers to understand it has largely fueled the growth of the global online survey software market. The growing e-commerce activity that is indicative of the fluctuating and changing consumer spending habits can be effectively scrutinized through online survey software. Widespread internet penetration and the improving access to high-speed internet have drastically propelled the demand for online products and services. Additionally, the increasing expenditure on online marketing have resulted in surveys being conducted to allow companies to reach out to a wider audience in the remotest areas. All of these factors will be collectively responsible for the soaring revenues of the global online survey software market in the near future.

Global Online Survey Software Market: Key Trends

The global online survey software market is likely to witness intense competition in the coming years due to a presence of large number of national and international players in the market. These companies are expected to compete on the basis of technologies, product differentiation, services, quality, and price modeling among others. The geographical reach of these companies is also projected to be instrumental in defining the growth of the global online survey software market.

Currently, the key users of global online survey software are market research firms, manufacturing units, financial services, and the retail sector. Of these, the market research firms hold a lion’s share in the global market and are expected to dominate in the revenue contributions in the coming years as well. Market research firms extensively use online software solutions, implementation of advanced software, data analytics tools, cloud-based online survey software, along with other features to implement web-based surveys for qualitative and quantitative analysis for various products and services. Analysts project that advantages such as efficient management of complex market research projects, swift data collection, ability to collect responses from global respondents, and tremendous help in generating accurate report based on the collected information is making these software famous amongst market research firms.

Global Online Survey Software Market: Market Potential

Expansion is expected to be an important move for several online survey software companies. For instance, US-based Qualtrics stated that it intends to expand to Asia Pacific region along with its plans to tap into the Australian market. In line with this move, the company plans to open offices in Brisbane, Singapore, and Japan in the coming few years. The talk about Qualtrics going public has also been going around in the industry. Qualtrics recently announced the launch of its new product, the XM Platform, which brings together brand, product, employee, and customer experience to help users understand their consumers better.

Global Online Survey Software Market: Regional Outlook

From a geographic point of view, the global online survey software market is segmented into the Americas, Europe, the Middle East and Africa, and Asia Pacific. The Americas held a dominant share in the global market in 2016. The region is estimated to continue its dominance in the coming years due to a high adoption rate of technology. Users are opting for cloud-based online surveys as opposed to on-premise methods due to their convenience and ease of access. The online survey software market in the Americas will also be propelled by the strong presence of leading players in the region.

Key Players Mentioned in this Report are:

Some of the leading players operating in the global online survey software market are CloudCherry, Getfeedback, Campaign Monitor, Medallia, Inqwise, QuestionPro, SoGoSurvey, Toluna, Zoho, SurveyGizmo, Confirmit, Qualtrics, and SurveyMonkey.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?