Market revenue in 2023 | USD 2,358.8 million |
Market revenue in 2030 | USD 7,134.5 million |
Growth rate | 17.1% (CAGR from 2023 to 2030) |
Largest segment | Text analytics |
Fastest growing segment | Speech Analytics |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | EFM Software, Speech Analytics, Text Analytics, Web Analytics & Content Management |
Key market players worldwide | Adobe Inc, Avaya, Freshworks Inc Ordinary Shares Class A, International Business Machines Corp, Open Text Corp, Oracle Corp, SAP SE, Verint Systems Inc |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to customer experience management market will help companies and investors design strategic landscapes.
Text analytics was the largest segment with a revenue share of 39.82% in 2023. Horizon Databook has segmented the Asia Pacific customer experience management market based on efm software, speech analytics, text analytics, web analytics & content management covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is turning out to be a major market for key vendors owing to the emerging businesses, operating mainly in the rapidly growing industries, such as BFSI and retail, which are increasingly adopting robust CEM software solutions.
The growing adoption of AI-driven advanced analytics tools and IoT-based sensors and devices to offer personalized services for both B2C and B2B consumers is one of the major factors contributing to the growth of the regional market.
Organizations in Asia Pacific remain keen on exploiting the benefits, such as cost-effectiveness, associated with cloud-based solutions, which bodes well for the growth of the CEM market in Asia Pacific.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific customer experience management market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific customer experience management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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