Competitive Intelligence Tools Market Size [2022-2029] Industry Trends, Share, Growth, SWOT Analysis, Market Drivers
The global Competitive Intelligence Tools Market Size is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled "Competitive Intelligence Tools Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period [2022 - 2029].
- Fortune Business Insights says that the market value stood at US $ 37.6 Million in 2019
- By 2027, the Competitive Intelligence Tools Market size is expected to reach US $ 82 Million
- The market is expected to grow at a CAGR of 10.3% in the forecast period (2020-2027).
- The growth rate of the Global Competitive Intelligence Tools Market is 10.3%, with an estimated value of US $ 82 Million million by 2027.
Gather more insights about the market drivers, restrains and growth of the Global Competitive Intelligence Tools Market
Market Driver:
Integration of AI to Spur Excellent Market Openings
The growing focus on IT integrated tools among organizations will bolster the market's growth in the forthcoming years. Organizations are integrating AI capabilities alongside intelligence tools to gain information about competitors and business trends in real-time. Moreover, the integration of AI helps develop holistic solutions and a platform that offers efficient automation in the analytics process. AI-powered tools help in tracking competitor’s entire digital footprint present over websites and on other portals. AI-based competitive intelligence can track data on the website or press release besides scanning customer’s reviews on digital platforms. The natural language processing and deep learning tools examine and recognize sentiment, entities, categories, emotions, and topics in text with precision. Thus, the increasing utilization of AI-enabled competitive intelligence tools will have an excellent impact on the global market.
The necessity for Intelligent Solutions to Encourage Business Amid Coronavirus
The requite for competitive intelligence (CI) and business intelligence (BI) tools to monitor, analyze, enhance decision-making capabilities and understand customer behavior will create opportunities for the market during the pandemic. Enterprises are focused on deploying competitive intelligence solutions as it offers real-time monitoring to track business and comprehend industry scenario. For instance, in June 2020, Fornova Ltd., a London-based travel & hospitality intelligence software provider, launched a new innovative competitive Intelligence solution - “FornovaCI”. The software will assist end-user to gain a competitive advantage and recognize opportunities during the pandemic.
Major companies in Competitive Intelligence Tools Market Report are:
- Alphabet Inc. (Google LLC) (California, United States)
- Crunchbase (California, United States)
- SEMrush (Massachusetts, United States)
- Owler (California, United States)
- Alexa Internet, Inc. (California, United States)
- Comintelli (Stockholm, Sweden)
- Talkwalker (Luxembourg)
- SpyFu (Arizona, United States)
- Crayon (Massachusetts, United States)
- NetBase Quid (California, United States)
- Slintel Inc. (California, United States)
Pre-Post COVID-19 Impact on Global Competitive Intelligence Tools Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Competitive Intelligence Tools Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global Competitive Intelligence Tools Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Competitive Intelligence Tools Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
FAQ's:
1. How big is Competitive Intelligence Tools Market?
The global speech and voice recognition market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period, to Reach USD 28.3 Billion by 2026, from USD 6.9 Billion in 2018
2. Who is the market leader in Competitive Intelligence Tools?
Major Points in Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Annexure / Appendix
- Global Competitive Intelligence Tools Market Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
TOC Continued...!
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