FEATURED COMPANIES
- Discuss.io
- Dscout, Inc.
- FocusVision
- Medallia Inc.
- Phonic Inc.
- Product Peel, Inc.
According to the publisher's latest market study on “Consumer Video Feedback Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Deployment and End User,” market is expected to grow from US$ 1,505.15 million in 2021 to US$ 2,539.61 million by 2028; it is estimated to grow at a CAGR of 7.8% during 2021-2028.
Accentuating Growth of Cloud Platform-Based Solutions Across Enterprises to Drive Market Growth during Forecast Period
The rising adoption of cloud technology globally is transforming the working pattern across diverse industry verticals by augmenting the security, IT, and DevOps, thereby boosting the development of innovative and interactive solutions for enhanced user experience. Owing to the potential benefits of cloud technology, the adoption of cloud-based solutions among enterprises is augmenting drastically since past few years. The cloud-based solutions enable the enterprises to have easy scalability and operational flexibility, along with reduced costs and operational risks. Constant development in the cloud architectures and algorithms and integration of advanced features in cloud solutions, are fueling the adoption of these solutions in diverse industry verticals such as BFSI, IT & telecom, retail, and FMCG. Cloud-based consumer video feedback software is an attractive option for companies due to several benefits such as extraction of real time feedbacks from the customers, regular data backup, high security, comparatively low operations costs, and instant provisioning features provided by these solutions. Therefore, scalability, high level of security, operational flexibility, easy deployment, and affordability are some of key advantages that are expected to boost the adoption of cloud-based consumer video feedback software solutions among enterprises in the coming years.
Amid COVID-19 outbreak, the use of consumer video feedback software in the global market has increased. Organizations are using tools, such as consumer video feedback software, to understand customers’ behavior and improve their experience in the pandemic. Meanwhile, the high penetration rate of internet coupled with government initiatives, such as The European Digital Strategy, is among other factors bolstering the adoption of consumer video feedback software in Europe. Many small retailers who were planning to implement consumer video feedback software in the beginning of 2020 have postponed their software implementation process. However, with slow recovery from COVID-19 cases in the beginning of 2021, many retail stores, hospitality, and FMCG industry in countries such as the UK and Germany have started rebounding in terms of sales. The footfall in malls and restaurants in 2021 is slowly reaching the pre-lockdown situation, thereby helping the Europe consumer video feedback software market to recover.
The global consumer video feedback software market is segmented into five major regions-North America, Europe, APAC, MEA, and SAM. Based on deployment, the market is bifurcated into cloud and on premise. In 2020, the cloud segment accounted for a larger share in the market. Based on end user, the consumer video feedback software market is segmented into FMCG, BFSI, electronics, IT and telecom, retail, hospitality, and others. In 2020, the FMCG segment accounted for the largest share in the market.
Reasons to Buy
Accentuating Growth of Cloud Platform-Based Solutions Across Enterprises to Drive Market Growth during Forecast Period
The rising adoption of cloud technology globally is transforming the working pattern across diverse industry verticals by augmenting the security, IT, and DevOps, thereby boosting the development of innovative and interactive solutions for enhanced user experience. Owing to the potential benefits of cloud technology, the adoption of cloud-based solutions among enterprises is augmenting drastically since past few years. The cloud-based solutions enable the enterprises to have easy scalability and operational flexibility, along with reduced costs and operational risks. Constant development in the cloud architectures and algorithms and integration of advanced features in cloud solutions, are fueling the adoption of these solutions in diverse industry verticals such as BFSI, IT & telecom, retail, and FMCG. Cloud-based consumer video feedback software is an attractive option for companies due to several benefits such as extraction of real time feedbacks from the customers, regular data backup, high security, comparatively low operations costs, and instant provisioning features provided by these solutions. Therefore, scalability, high level of security, operational flexibility, easy deployment, and affordability are some of key advantages that are expected to boost the adoption of cloud-based consumer video feedback software solutions among enterprises in the coming years.
Amid COVID-19 outbreak, the use of consumer video feedback software in the global market has increased. Organizations are using tools, such as consumer video feedback software, to understand customers’ behavior and improve their experience in the pandemic. Meanwhile, the high penetration rate of internet coupled with government initiatives, such as The European Digital Strategy, is among other factors bolstering the adoption of consumer video feedback software in Europe. Many small retailers who were planning to implement consumer video feedback software in the beginning of 2020 have postponed their software implementation process. However, with slow recovery from COVID-19 cases in the beginning of 2021, many retail stores, hospitality, and FMCG industry in countries such as the UK and Germany have started rebounding in terms of sales. The footfall in malls and restaurants in 2021 is slowly reaching the pre-lockdown situation, thereby helping the Europe consumer video feedback software market to recover.
Key Findings of Study:
The global consumer video feedback software market is segmented into five major regions-North America, Europe, APAC, MEA, and SAM. Based on deployment, the market is bifurcated into cloud and on premise. In 2020, the cloud segment accounted for a larger share in the market. Based on end user, the consumer video feedback software market is segmented into FMCG, BFSI, electronics, IT and telecom, retail, hospitality, and others. In 2020, the FMCG segment accounted for the largest share in the market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global consumer video feedback software market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global consumer video feedback software market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Frequently Asked Questions about the Global Consumer Video Feedback Software Market
What is the estimated value of the Global Consumer Video Feedback Software Market?
What is the growth rate of the Global Consumer Video Feedback Software Market?
What is the forecasted size of the Global Consumer Video Feedback Software Market?
Who are the key companies in the Global Consumer Video Feedback Software Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Discuss.io
- Dscout, Inc.
- FocusVision
- Medallia Inc.
- Phonic Inc.
- Product Peel, Inc.
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Consumer Video Feedback Software Market Landscape
5. Consumer Video Feedback Software Market - Key Market Dynamics
6. Consumer Video Feedback Software Market - Global Analysis
7. Consumer Video Feedback Software Market Analysis - By Deployment
8. Consumer Video Feedback Software Market Analysis - By End-User
9. Consumer Video Feedback Software Market - Geographic Analysis
10. Consumer Video Feedback Software Market - COVID-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- UserTesting
- Dscout, Inc.
- FocusVision
- Qualtrics
- Medallia Inc.
- Voxpopme Ltd.
- Product Peel, Inc.
- Typeform
- Phonic Inc.
- Discuss.io
Note: Product cover images may vary from those shown
