Customer Journey Analytics Market 2021 Global Industry Share, Size, COVID-19 Pandemic Impact, Upcoming Strategies and Segmentation by 2027

Customer Journey Analytics Market Highlights: 

According to Market Research Future (MRFR), the global Customer Journey Analytics Market is projected to reach USD 14.92 BN by 2023, growing at 20% CAGR throughout the forecast period (2018 – 2023). Rising business needs to build rich data sets and optimize machine learning at scale and streamline workflows across teams substantiate the market growth. Also, the pressure to reduce infrastructure complexity and deliver superior customer experiences positively impact market growth.

The customer journey analytics market has been proliferating. The market growth attributes to the rising adoption of journey analytics across the end-user industries to enhance customer experience & support. Enterprises across industries worldwide strive to gain actionable insights from large data sets, using AI to perform to solve business problems more effectively complex tasks.

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Resultantly, implementations of cloud-based AI-enabled data platforms to help and support customers throughout the entire customer journey are rising continually. Besides, the accelerating digital transformation in businesses boosts the demand for the open, cloud-based platform. Moreover, the increasing adoption of customer journey analytics software in various organizations to advance their digital adoption and far-reaching business impact escalate market growth.

Additionally, the increasing numbers of enterprises worldwide and developments in analytics software led by advances in AI and machine learning technology accelerate market growth. The integration of smart data discovery capabilities, machine learning, and automation in the entire analytics workflow have led to increasing the market size. Furthermore, increasing investments to develop data analytics tools that can support business needs fosters the market's growth.

Conversely, the complexity of data synchronization, lack of awareness about journey analytics, and reluctance in its adoption are major factors projected to impede the market growth. Nevertheless, the increase in adoption of analytics platform for cloud deployment would support the growth of the market throughout the forecast period.

Global Customer Journey Analytics Market –Segments

The report is segmented into six dynamics;

By Interaction Type: Web, Social Media, Mobile, Email, Branch/Store, Call Center, and others (surveys, promotional events, and sales representatives).

By Deployment Model: On-Premises and Cloud.

By Organization Size: Small & Medium-Sized Enterprises (SMEs) and Large Enterprises.

By Application: Customer Journey Mapping & Visualization, Customer Behavioral Analysis, Customer Attrition Analysis, Campaign Management, Brand Management, Product Management, and others (customer process management).

By End-User: Banking, Financial Services, and Insurance (BFSI), Retail & eCommerce, Government & Defense, Healthcare, Telecommunications & IT, Media & Entertainment, Travel & Hospitality, Automotive & Transportation, and others (Education, Real Estate, others).

By Regions: Asia Pacific, Americas, Europe, and the Rest-of-the-World.

Global Customer Journey Analytics Market – Geographical Analysis

North America dominates the global customer journey analytics market. The largest market share attributes to the increasing demand for customer journey analytics led by the growing awareness for cloud-based deployment benefits like cost-effectiveness and easy availability. Besides, high technology adoption in the IT industry and other industries like healthcare, retail, and entertainment in the region substantiate the growth of the market.

The increasing digitization of customer journey processes and the presence of several key players, mainly in the US, are the major market growth drivers in the region. The US accounts for the largest share in the regional market due to the vast technological advances.

Europe stands second in the global customer journey analytics market. Market growth is driven by the rapid and constant technological advancements and enormous investments in customer churn analysis development. Additionally, the evolving digital technology and increasing demand for analytics software from the retail & consumer goods industry to enhance customer experience influence the market growth.

The Asia Pacific customer journey analytics market is growing promisingly. Factors such as the increasing industrialization and new data centers in emerging countries like India and Japan accelerate the regional market growth. Increasing numbers of enterprises and massive advances in related technologies such as natural language processing and machine learning drive the regional market's growth.

The growing adoption of smartphones and data-driven customer journey analytics software foster market demand. Developing countries such as Japan, China, and India lead the regional market. Furthermore, increasing analytics software expertise, artificial intelligence technology propels the journey analytics market in the region.

Global Customer Journey Analytics Market – Competitive Analysis

Fiercely competitive, the customer journey analytics market appears fragmented with the presence of many key players. To gain a larger competitive share, these players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and technology launch. Major players in the market are committed to delivering reliable, leading-edge solutions and services. They make substantial R&D investments in developing unique solutions entirely on a different level compared to their competition. 

Major Players:

Players leading in the global customer journey analytics market include Adobe Systems, Acxiom, Salesforce, Nice Systems, IBM, Verint Systems, Pointillist, SAP, Clickfox, and Quadient.

Industry/Innovation/Related News:

December 01, 2020 ---- Mindtree Limited (India), a leading digital transformation and technology services company, announced its partnership with a US-based data and AI company Databricks, to help customers implement cloud-based data platforms for advanced analytics. This service would support the use of the Databricks platform from implementation throughout the entire customer journey. Collaboration enables the seamless implementation of self-service analytics to improve data-driven decision making.

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Virtual Kitchen Market 2021 Global Industry Size, Share, COVID-19 Pandemic Impact, and Segmentation by 2027

Virtual Kitchen Market -Overview

The development of technology has inexplicably encouraged the Virtual Kitchen Market 2020 as well. The global virtual kitchen market is projected to score past USD 3,586 million valuation by 2023 at a CAGR of 43% during the forecast period covering 2018 to 2023. Market Research Future (MRFR) predicted in the report that the rapid approval of the concept to expand food delivery business, the inclusion of players with the ability to provide proper setup, hike in investment, ability to curtail cost, and other factors are expected to uplift the virtual kitchen market share. The market will also be supported by various technologies like artificial intelligence, 3D models, automation, and others. However, the initial cost of the system may deter market growth. 

 

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Segmentation:

 

The global market report with details of the virtual kitchen market includes a study of segments like components, end users, and technology. Data from these segments are likely to help players in conceptualizing strategies that can be used to bolster growth. 

 

By component, the global report on the virtual kitchen market can be segmented into hardware, software, and service.

 

By technology, the activities involving the virtual kitchen market can be studied on the basis of segments like Wi-Fi, 3D, artificial intelligence, and others. The recent inclusion of artificial intelligence is slated to change the market landscape.

 

By end user, the discussion on the virtual kitchen market includes a study of commercial space, residential, hospitality, and others. The commercial space segment would witness an evolution with the rising uptake of the concept.

 

Regional Analysis:

 

North America is witnessing a huge hike in demand for the virtual kitchen market. This is due to the rise in the number of people who are relying more on food delivery as a crunch in their time for a proper meal is forcing them to opt for such services.

 

Competitive Landscape:

 

IKEA (Netherlands), Samsung Group (South Korea), Microsoft Corporation (U.S), HTC Corporation (Taiwan), Clicky Media (U.K), LG Electronics Inc. (South Korea), Homer TLC, Inc.(U.S), Cawdor Stone Gallery (U.K.), The Saturn Corporation (U.S), The National Kitchen & Bath Association (U.S), Aetna, Inc. (U.S.), Micro-Star International (Taiwan), and others are companies that are involved in the changes happening in the virtual kitchen market. These companies plan and launch various strategic measures that can help in bolstering the virtual kitchen industry growth. MRFR tracked their plans and recorded them to facilitate analysis to gauge trends and evolution patterns of the market. 

 

Industry News:

 

In August 2020, Dickey’s Barbecue Pit announced that the company is ready to include a new type of franchise-based model that is a virtual kitchen. The company believes that this evolving demand for such a nontraditional franchise model could help the company secure better grounds for future diversification. 

 

Dickey’s Barbecue Pit is the world’s largest barbecue franchise and it has plans to take the company forward and of Dickey’s slow-smoked, Texas-style barbecue to places like Chicago, Houston and Orlando. The company is also planning to enter Providence, Rhode Island. These locations will serve customers using a virtual kitchen facility. The company wants to capitalize on the virtual kitchen model as it allows restaurants to maximize delivery coverage and negate the upfront investment that normal restaurant requires. It also ensures fast-track openings and reduces labor costs significantly.

 

Due to the COVID-19 crisis, a lot of people have started relying on delivered food, which is why the food delivery business is witnessing a huge boom. With strict measures in various countries that prevented companies from opening their stores, this idea of a virtual kitchen is bound to come in handy for many entrepreneurs and restaurant owner. 

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Fixed Asset Management Software Market 2021 COVID-19 Pandemic Impact, Segmentation, Growth Potential, Comprehensive Analysis and Forecast to 2027

Global Fixed Asset Management Software Market Synopsis

The data experts at Market Research Future Reports (MRFR), the global Fixed Asset Management Software Market is projected to value USD 6.2 billion, thriving at a CAGR of 12% during the review period from 2017 to 2023. As per the analysis, the increasing demand for fixed assets across several sectors is predicted to be the most substantial cause affecting the global fixed asset management market 2020. Besides, the growing expenditure on digital marketing is estimated to be a potential factor leading to market growth. In addition, the increasing demand for process automation is projected to magnify the market strength during the assessment period. Furthermore, the burgeoning technical innovations and the proliferation of content is likely to be another pivotal factor leading to market growth.

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The report also reveals that the increased deployment of analytics to monitor the fixed assets is estimated to act as a catalyst in strengthening the market. In addition, increasing mobility solutions and the growing integration of asset management solutions are anticipated to be other crucial factors resulting in market growth. However, the reliability of conventional methods and lack of awareness are likely to impede market growth.

Also, the market dynamics are estimated to change significantly due to the spread of COVID-19. Various regions have been affected due to the outbreak of coronavirus. Due to the pandemic, various companies in the market have temporarily shut their daily operations. The halt caused in business operations is estimated to bring a considerable impact on market revenue. It is estimated that it will take some time to recover from the losses incurred during the observation of lockdown. We will provide an impact analysis report on COVID-19.

Market Segmentation

The worldwide fixed asset management software market can be distinguished on the basis of organization size, deployment, application, and geography.

On the grounds of organization size, the worldwide fixed asset market can be distinguished into large enterprises and SMEs.

On the basis of deployment, the worldwide fixed asset market can be distinguished into on-premise and cloud-based.

On the grounds of application, the worldwide fixed asset market can be distinguished into accounting, document management, tax management, asset management, asset tracking, and others.

On the grounds of geography, the global fixed asset market can be distinguished into North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Regional Analysis

A regional analysis of North America, Europe, Asia Pacific, and the Rest of the World (RoW) has been performed. As per the study, the worldwide market is estimated to be dominated by North America. Countries like the U.S. and Canada are estimated to make the most substantial contribution during the assessment period. There has been a rising usage of digital or fixed asset management software which is estimated to be one of the most crucial factors driving the regional growth during the review period. Besides, the growing research and development are likely to be another factor leading to regional expansion. The APAC region is likely to grow exponentially during the review period from 2017 to 2023. The region has been witnessing a surge in demand for enterprise content management in developing economies. Besides, the presence of a large number of manufacturers is anticipated be another significant factor leading to regional expansion.

Key Players

The established players of the global fixed asset management software market are Cougar Mountain Software (U.S.), Sage Intacct (U.S.), Multiview Corporation (Canada), NetSuite (U.S.), Bloomberg BNA (U.S.), SAP ERP Core Finance (Germany),  EAZY ERP (U.S.), AccuFund Accounting Suite (U.S.),  and Acumatica ERP (U.S.).

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Data Center Outsourcing & Infrastructure Utility Services Market 2021 Dynamics, COVID-19 Impact Analysis, Competitive Landscape, Opportunities and Forecast to 2027

Data Center Outsourcing and Infrastructure Utility Services Market Scenario

Market Research Future (MRFR) discuss prominent features and factors impacting the Data Center Outsourcing and Infrastructure Utility Services Market 2020 in its latest report. As per MRFR analysis, the data center outsourcing & infrastructure utility services market can thrive at 13% CAGR in the years to come. According to MRFR study, the expansion of the data center outsourcing & infrastructure utility services market can value at about USD 10 Billion by 2023. The rapidly emerging trends in the data center outsourcing & infrastructure utility services industry backed by high level of network and computing infrastructure for operating IoT software can impel the expansion of the market in the years to come.

Key Players

Accenture Plc (Ireland), Atos (France), Capgemini SE (France), Infosys Limited (India), Fujitsu Ltd (Japan), HCL Technologies Limited (India), Tech Mahindra Limited (India) Tata Consultancy Services Limited (India), Cognizant (U.S.), IBM (U.S.), and others are some reputed names in the data center outsourcing & infrastructure utility services global market, listed by MRFR.

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The increased focus on energy issues, sustainable infrastructure solutions, disaster management solutions, and green data center solutions can bolster the expansion of the data center outsourcing and infrastructure utility service market across the analysis period. The growing popularity of infrastructure as-a-service can further drive the market growth. The ability of data center outsourcing & infrastructure utility services to enhance performance of enterprises by offering uninterrupted UPS, board cooling, and storage systems solutions can fuel the rise of the data center outsourcing & infrastructure utility services market, states MRFR study.

Market Segment

The segment evaluation of the Data center outsourcing & infrastructure utility services market is based on components, vertical, and organization size.

The Data Center Outsourcing & Infrastructure Utility Services Market segments based on components are Software and Hardware.

The Data Center Outsourcing & Infrastructure Utility Services Market segments based on Services are Professional Service and Support and Maintenance.

The Data Center Outsourcing & Infrastructure Utility Services Market segments based on Servers are

Virtual Servers, Rack Servers, and Hybrid Servers.

The Data Center Outsourcing & Infrastructure Utility Services Market segments based on Organization Size are Small and Medium Size Organization and Large Organization.

The Data Center Outsourcing & Infrastructure Utility Services Market segments based on Vertical are Healthcare, BFSI, Travels & Logistics, Government, IT & Telecommunication, and others.

Market Research Analysis

The data center outsourcing & infrastructure utility services market dynamics and trends are studied across Europe, North America, Asia-Pacific and the Rest of World. Europe data center outsourcing & infrastructure utility services market is likely to boom in the near future, reveals MRFR regional analysis. The favourable demographic conditions can bolster the expansion of the data center outsourcing and infrastructure utility service market in the years to come. The increase in the number of start-ups dealing in data center outsourcing & infrastructure utility services and the availability of robust network infrastructure can bolster the expansion of the regional market. In Asia Pacific, the data center outsourcing & infrastructure utility services market can thrive due to the increase in data outsourcing solutions and infrastructure utility services by SMEs. The increase in investment on research and development for infrastructure utility services and of data center outsourcing can improve the impetus of the data center outsourcing and infrastructure utility service market in the upcoming years. In North America, the rapid expansion of IT landscape can boost the data center outsourcing & infrastructure utility services market in the years to come.

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Data Compression Software Market 2021 Analysis, COVID-19 Impact Analysis, Opportunity Assessment and Competitive Landscape 2027

Global Data Compression Software Market Synopsis

The data experts at Market Research Future Reports (MRFR) have thoroughly evaluated the global data compression software market. They have revealed that the market is estimated to value approximately USD 864 million by the end of 2023. The Data Compression Software Market is predicted to expand at a CAGR of 7% during the assessment period.

The increasing trend of organizations adopting the cloud to save server space is predicted to be the most significant factor driving the global data compression software market 2020. Moreover, the fast adoption of IoT by organizations to provide the relevant data without affecting the energy costs is likely to be a major factor for data compression software vendors.

On the other hand, the outbreak of COVID-19 is projected to bring a slight impact on the global market size. Various regions have been influenced due to the spread of coronavirus. The data experts at MRFR are analyzing the aftermath of COVID-19. We will provide an impact analysis report on COVID-19.

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Key Players

The established competitors of the global data compression software market are Tegile Systems (U.S.), Exalinks Software (France)  Osisoft, LLC (U.S.), Wandera (U.K.), Facebook (U.S.), Google Corporation (U.S.), Exasol Corporation (Germany), Opera Software ASA (Norway), Quortus Telecommunications (U.K.), Panoratio Database Images Gmbh (Germany), and a few others.

Market Segmentation

The worldwide data compression software market can be classified on the basis of type, service, organization size, vertical, deployment,  and region.

On the grounds of service, the worldwide data compression software market can be classified into support & maintenance service and professional services.

On the grounds of the type, the worldwide data compression software market can be segmented into lossy compression and lossless compression.

On the grounds of organization size, the worldwide data compression software market can be classified into large enterprises and small & medium enterprises

On the grounds of deployment, the worldwide data compression software market can be segmented into on-premise and cloud.

On the basis of vertical, the worldwide data compression software market can be classified into BFSI, government & defence, I.T. & telecommunication, retail, manufacturing, healthcare,  media & entertainment, travel & hospitality, transportation & logistics, and others.

On the basis of geography, the worldwide data compression software market can be classified into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW).

Geographical Analysis

the in-depth study of North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW) has been carried out.

As per the research, the global market is likely to expand magnificently during the forecast period. The study reveals that the global market is estimated to be dominated by North America. North America is likely to acquire the most significant market revenue. The advanced network infrastructure, digitization of the region, and higher deployment of technology are the most significant element resulting in the market growth. Besides, the region consists of several players who contribute efficiently in expanding the market. Among all, the U.S. and Canada are estimated to make the most crucial participation in expanding the market. On the other hand, the Asia-Pacific region is likely to grow at the highest CAGR during the assessment period. The organizations in the APAC region are investing massively for a developed solution to make the business more efficient.

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Digital Experience Management Software Market 2021 Trends, COVID-19 Impact Analysis, Future Growth Study, Strategic Assessment and Demand by Forecast to 2027

Digital Experience Management Software Market Scenario:

The global Digital Experience Management Software Market is expected to exhibit a solid 9% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global digital experience management software market is expected to reach a valuation of USD 9 billion by 2023, according to the report. The report presents a comprehensive overview of the global digital experience management software market by profiling the market’s leading drivers and restraints, major players, and other trends and factors having a definitive impact on the market. The major drivers and restraints affecting the global digital experience management software market are profiled in detail in the report in order to give readers a clear picture of which factors are driving and restraining the market. The major players operating in the Digital Experience Management Software Market are also profiled in the report. The impact of the COVID-19 pandemic on the global digital experience management software market is also assessed in detail in the report.

Digital experience management software is a suite of services that help enterprises provide a comprehensive, effective, and enjoyable digital experience to their clients. The growing trend towards digitization is the major driver for the global digital experience management software market over the forecast period. Across sectors, enterprises are increasingly going digital in order to connect better with consumers. This has led to a growing demand for effective services that enable enterprises to create an engaging digital experience for their clients. The emerging trend in digital experience management is the rising competition between businesses, leading to cutthroat competition in the market, and growing demand to provide a satisfying consumer experience. This has led to a growing demand for effective digital experience management software over the last few years and is likely to remain a major driver for the market over the forecast period.

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Competitive Leaderboard:

Leading players in the global digital experience management software market include Demandware Inc., Acquia, Adobe Systems Inc., Sitecore, SDL plc, Salesforce.com Inc., Infosys, IBM Corporation, SAP SE, and Oracle Corporation. Oracle, SAP, and Infosys are among the leading players in the global digital experience management software market and have come up with new products in recent years in order to stake a larger claim in the global digital experience management software market. Oracle Corporation recently launched Oracle Content and Experience Cloud, a software that manages and delivers content to numerous digital channels. This allows the client to increase consumer engagement with employees and partners. SAP SE recently developed the SAP HANA cloud platform for enhancing existing businesses and developing new applications. Infosys is also a major player in the market and offers a digital platform to provide a personalized and managed user experience across touch points, channels, and devices. Infosys offers services such as campaign services, content services, lean portals, and enterprise integration.

Segmentation:

The global digital experience management software market is segmented on the basis of component, deployment, organization size, vertical, and region.

By component, the global digital experience management software market is segmented into solutions and services. The solutions segment is further sub-segmented into web content management, multi-channel customer communication management, customer relationship management, digital employee experience, web portals, customer experience management, and analytics. The services segment is further sub-segmented into professional services and support and maintenance services.

By deployment, the global digital experience management software market is segmented into cloud and on-premise. The cloud segment dominates the global digital experience management software market, as it minimizes the cost of IT infrastructure for the enterprise. It also provides effective data protection and security, making it attractive for enterprise across sectors.

By organization size, the global digital experience management software market is segmented into small and medium enterprise, and large enterprises.

By vertical, the global digital experience management software market is segmented into government, BFSI, IT and telecom, healthcare, retail, travel and hospitality, transportation and logistics, media and entertainment, and others.

Regional Analysis:

North America dominates the global digital experience management software market and is likely to remain the leading revenue generator over the forecast period.

Asia‐Pacific region is expected to be growing at the highest CAGR. Enterprises in the region are investing in digital experience tools to improve business efficiency and productivity and growing e-commerce company in the region is boosting the market in the region.

Table of Contents

1    Market Introduction

1.1    Introduction   

1.2    Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3    Market Structure

Continued…

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List of Tables

Table 1 Digital Experience Management Software Market, By Components

Table 2 Digital Experience Management Software Market, By Deployment     

Table 3 Digital Experience Management Software Market, By Organization Size

Continued…

List of Figures

Figure 1 Research Type

Figure 2 Digital Experience Management Software Market: By Components (%)

Figure 3 Digital Experience Management Software Market: By Deployment (%)

Continued…

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