Web Analytics Tools Market: Overview

Web analytics tools measures, assess and reports web data for purposes of understanding and optimizing usage of web. This tools studies the impact of a website on the users. Web analytics is a process of measuring internet traffic and can be used as a tool for business and market research. It helps firms to analyze and improve the effectiveness of a website. Web analytics tools helps enterprises to measure the results of broadcast advertising campaigns. It helps to estimate change in traffic on a website after the introduction of a new advertising campaign.

Various analytics platforms and software such as Google Analytics 360, adobe analytics, Webtrends Analytics, gives information about the number of visitors on a website and the number of page views. The software helps in measuring traffic and popularity trends which is useful for market research. This helps in customer relationship management (CRM) as it provides ability to track and measure user’s visit on particular websites. Analytics of websites helps in understanding the behavior of users visiting the website. It helps companies to attract or retain visitors, goods or services and to increase their revenue. Key functionalities of this tools involves collection of data, processing of data into information, developing key performance indicators and formulating online strategy. The analytic can be done either on-site or off-site. Web analytics tools uses cookies to identify visiting pattern of users on websites.

Web Analytics Tools Market: Drivers and Restraints

The vendors in web analytics tools market are persistently concentrating on delivering widespread quality solutions such as search engine tracking and ranking and others. These solutions provide enterprise level analytics such as website visitor traffic mapping, customer purchasing behavior analysis, ad campaign management and others. This evaluated information helps enterprises to structure their business plans more effectively which enhances their online revenue generation.

There is increasing need of multi-channel marketing and rapid increase in cloud adoption which is helping in the growth of web analytics tools market. The enterprises utilizes such tools to maintain their position in the market. Due to constant rise in e- commerce sector there is increase in use of web analytics tool to analyze the user’s preferences regarding different products. Factors such as increasing shift to data driven businesses, constant growth in e-commerce sector and marketing mechanization are expected to drive the web analytics tools market during the forecast period.

There are few open source vendors which use third party cookies. These cookies are sent from vendor’s domain, not from website being browsed by users. There may be some private networks that prevent site data to go to third parties. It will hinder the process of analyzing and tracking the user’s visit on websites. Thus, factors such as data privacy and regulations and compliance, open source vendors and lack of qualified experts are expected to restrain the web analytics tools market during the forecast period.

Web Analytics Tools Market: Key Segments

Web analytics tools market can be segmented on the basis of solution, service, deployment type and application and geography. On the basis of solution, the web analytics tools market is segmented into search engine tracking & ranking, heat map analytics, marketing automation, behavior-based targeting and others.  On the basis of service, the web analytics tools market is segmented into professional services and support and maintenance. On the basis of industry vertical, web analytics tools market is segmented into transportation and logistics, government and utilities, construction, education, healthcare and media and entertainment and others On the basis of deployment type, the market is segmented into on-demand and on premise. On the basis of application, the web analytics tools market is segmented into social media management, targeting & behavioral analysis, display advertising optimization, performance monitoring and others.

Web Analytics Tools Market: Key Players

Key players for Web Analytics Tools market are Google Analytics, Omniture Inc., Webtrends Corp., Yahoo Analytics, IBM, SAS Institute, Adobe Systems, Microstrategy, Tableau Software Splunk, Teradata Corporation, UserReplay, and ClickTale

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Web Analytics Tools Market

Pre Book