Online Survey Software Market - Drivers and Forecasts by Technavio

Technavio has published a new report on the global online survey software market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio analysts forecast the global online survey software market to grow at a steady CAGR of almost 13% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global online survey software market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Analysts have presented the various facets of the market with a focus on identifying the key industry influencers.

The increasing Internet penetration worldwide and the high usage of mobile devices has a positive impact on the market growth. Mobile and application-based surveys are gaining traction. Enterprises are using smart devices to create surveys and collect data from respondents. The service enables users to collect the data of a respondent at any time and from any place.

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Technavio ICT analysts highlight the following three factors that are contributing to the growth of the global online survey software market:

Growing need for digital transformation

The adoption of digital solutions and devices in organizations enables the implementation of online survey software. Enterprises use the data gathered from survey-based research to transform end-to-end ICT infrastructure. Digital transformation among target consumers, such as SMEs, create opportunities for IT companies and OEMs to market their products and services effectively.

Amrita Choudhury, a lead enterprise application research analyst at Technavio, says, “Online survey-based research is gaining popularity as enterprises use online surveys to get feedback about new products and services. The data that is gathered from surveys helps in analyzing the market potential of IT solutions and services that are used for digital transformation.”

Increased use of online survey software among SMBs

SMBs are the key target segment for market researchers, government surveys, and technology firms. This is because they play a critical role in the growth of the economy worldwide. The requirements of these establishments are different compared to large organizations. This is due to budget constraints and infrastructure development requirements. This sector contributes to the GDP, employment, and exports of a country.

Market research firms conduct online surveys to gather business-related information. Governments and international organizations also use online survey software to conduct several types of business-related research among SMBs,” adds Amrita.

Rise in volume of e-commerce transactions

Most companies are concerned about the quality and functionality of their e-commerce divisions. This is because disruptions in the user experience may affect the existing and prospective customer base. This has created a need for robust IT systems that enable a scalable and reliable online presence and cater to the growing customer demand.

The demand for online products and services is on the rise in both developed and developing nations. Retailers in developing countries, such as Brazil and India, are investing in e-commerce platforms. The need for interactive commerce has increased as a result of widespread Internet penetration, high-speed Internet with better functionalities, and improvements in Internet applications.

Top vendors:

  • SurveyMonkey
  • Qualtrics
  • Confirmit

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio analysts forecast the global online survey software market to grow at a steady CAGR of almost 13% during the forecast period, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com