Audience Analytics Market: Global Industry Analysis and Forecast (2023-2029)

Audience Analytics Market size was valued at US$ 4.73 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 11.34% through 2023 to 2029, reaching nearly US$ 10.04 Bn.
Audience Analytics Market Overview:
The Audience analytics is a robust tool that uses first-party, second-party, and third-party data linkages to assist create an audience profile. Audience Analytics Manager (AAM) examines audience data like gender, income level, and CRM data, as well as ad impression data and psychographic data such as interests and hobbies. The greater the audience analysis, the more value may be made and insights gained. Understanding the target audience has become critical. Knowing what they're doing and how they're connecting with the brand is quite useful.To know about the Research Methodology :- Request Free Sample Report
Audience Analytics Market Dynamics:
The increase in e-commerce activity around the world is increasing user involvement on digital platforms. The rising usage of audience analytics across numerous industries is a result of companies' increasing focus on getting intelligence from audience involvement. However, security and privacy concerns about audience viewing data, as well as difficulties in analytical workflows, are estimated to hamper the market's growth during the forecast period.

Recently, a great untapped demand for customised products has surfaced. Customers are pleased with the individualised response to their needs and preferences. Companies are putting a lot of emphasis on competitive intelligence. Competitive intelligence research aids in being prepared for any situation that may develop as a result of competitors' behaviour. When dealing with the analytical data, there were many complications. The study contains faults, which might lead to differences between the forecast and reality. In the long run, this can result in a massive amount of defects.

Audience analytics allows user to include demographic, psychographic, CRM, and ad impression data into any Analytics workflow. Audiences are groups of people in Analytics that user may create based on any combination of attributes that are relevant to organisation.
Audience Analytics Market Segment Analysis:
Based on the Component, the market is segmented into Solution, and Services. Services segment is expected to grow rapidly at a CAGR of 13.4% during the forecast period 2023-2029. Due to the ease of use and customization that audience analytics software and services provide, they have become an essential part of business methods and are expected to grow significantly in the forecast period.

Based on the Vertical, the market is segmented into BFSI, Government and Public Sector, Healthcare and Life Sciences, Media and Entertainment, Manufacturing, Retail and Consumer Goods, Telecommunication and ITES, Travel and Hospitality, and Others (Transportation, Logistic and Education). Media and Entertainment segment is expected to hold the largest market shares of xx% by 2029.



For storing, organising, and analysing massive volumes of digitally obtained data, media and entertainment companies are increasingly turning to specialised audience data analysis systems. Audience analytics aids in the interpretation of consumer requirements and the identification of opportunities to grow a large client base. The deployment of audience analytics software and services in the media and entertainment vertical is being driven by technological developments such as Virtual Effects (VFX) and graphics. These are the key driver that boosts the growth of this segment in the Global Market during the forecast period 2023-2029.

Based on the Application, the market is segmented into Customer Experience Management, Competitive Intelligence, and Sales and Marketing management. Customer Experience Management is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The data gathered from a consumer's experience with a company is referred to as customer experience data analysis. In today's competitive market, it's gaining a lot of traction. The data is collected through a variety of touch points and aids the business in understanding consumer demands and challenges.
Regional Insights:
North America dominates the Audience Analytics market during the forecast period 2023-2029. North America is expected to hold the largest market shares of xx% by 2029. Due to its use in a wide range of applications, such as retail, medical, and the media industry, the need for audience data analysis is rapidly increasing, which is expected to boost market growth in the region. In the United States, streaming services have risen in popularity, and providing customers with original production has been shown to improve company loyalty.

The objective of the report is to present a comprehensive analysis of the Audience Analytics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Audience Analytics Market dynamic, structure by analyzing the market segments and project the Audience Analytics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Audience Analytics Market make the report investor’s guide.
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Global Audience Analytics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.73 Bn.


Forecast Period 2023 to 2029 CAGR:
11.34%
Market Size in 2029:
US $ 10.04 Bn.


 Segments Covered:
by Component
Solution
Services


by Vertical
BFSI
Government and Public Sector
Healthcare and Life Sciences
Media and Entertainment
Manufacturing
Retail and Consumer Goods
Telecommunication and ITES
Travel and Hospitality
thers


by Organization Size
Large Enterprises
Small and Medium-sized Enterprises


by Application
Customer Experience Management
Competitive Intelligence
Sales and Marketing management



Audience Analytics Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. comScore
2. Adobe
3. Oracle
4. IBM
5. Google
6. Unifi Software
7. SAS
8. Akamai
9. Cxense
10. NetBase Solutions
11. Cadreon
12. Socialbakers
13. Crimson Hexagon
14. Quividi
15. 3DiVi
16. Flytxt
17. Telmar
18. StoryFit
19. Brandchats
20. VertoAnalytics
21. AnalyticOwl
22. Verimatrix
23. Brandwatch
24. Sightcorp
25. Lotame Solutions

Frequently Asked Questions:

1] What segments are covered in Audience Analytics Market report?
Ans. The segments covered in Audience Analytics Market report are based on Component, Vertical, Organization Size, and Application.

2] Which region is expected to hold the highest share in the Audience Analytics Market?
Ans. North America is expected to hold the highest share in the Audience Analytics Market.

3] Who are the top key players in the Audience Analytics Market?
Ans. Adobe, Oracle, IBM, Google, Unifi Software, and SAS are the top key players in the Audience Analytics Market.

4] Which segment holds the largest market share in the Audience Analytics market by 2029?
Ans. Media & Entertainment segment hold the largest market share in the Audience Analytics market by 2029.

5] What is the market size of the Audience Analytics market by 2029?
Ans. The market size of the Audience Analytics market is US $10.04 Bn. by 2029.

6] What was the market size of the Audience Analytics market in 2022?
Ans. The market size of the Audience Analytics market was worth US $ 4.73 Bn. in 2022.