Knowledge Sourcing Intelligence launches the publication of a new report on “Online Survey Software Market - Forecasts from 2019 to 2026” to their giving.
The prime factor driving the growth of the Online Survey Software Market is the growing internet penetration and the burgeoning growth of the data monetization market.
As per the report, the market for Online Survey Software Market is expected to grow at a steady pace.
Online surveys are a modern method of gathering information about the experiences and opinions of the target demographic. Surveys are conducted to gain a better understanding of the market and anticipate growth. It also helps the user to work on loopholes for improved efficiency. Rising internet prevalence and usage have facilitated conducting surveys through the internet, lowering the high expense of on-site surveys. The expansion of social media has broadened the market scope, offering a larger audience. The market's expansion is aided by the expanding data monetization sector. Furthermore, the digitization of financial activities seems to have the potential to bring considerable development. However, stringent government privacy policies and escalating cybercrime may stymie industry expansion.
The COVID19 pandemic had a favourable impact on the market. The containment efforts for the virus included nationwide lockdown and travel restrictions, which made it impossible for the employees to commute to work. As a result, the adoption of online working trends in addition to work from home trends significantly expanded online activity. According to Internet World Stats, the number of internet users rose dramatically from 50.8% in 2019 to 63.2% in 2020, therefore expanding the market for online survey software. Furthermore, the industry benefited from a 63% increase in social media activity during the period of lockdown.
Based on application, the online survey software market is segmented into retail, manufacturing, healthcare, financial services, and market research. Due to recurring consumer data requirements, the financial services and retail segments are expected to hold a considerable position throughout the anticipated period. By product, the online survey software market is segmented into One-time Charge, Partially Charge and Time to pay.
Based on geography, the online survey software market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The North American region is expected to hold a significant share of the market during the forecasted period. The Asia Pacific online survey software market, on the other hand, is expected to grow at an exponential rate. Rising internet penetration and increasing use of social media will create substantial market opportunities.
As a part of the report, the major players operating in the online survey software market, that have been covered are Zoho Corporation Pvt. Ltd., Medallia, Confirmit AS, Inqwise, Survey Monkey, Campaign Monitor, QuestionPro Survey Software, Qualtrics
This analytics report segments the online survey software market on the following basis
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-online-survey-software-market