Report : Europe User Research Repositories Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cloud-Based and On-Premises) and Application (Government, Retail and E-Commerce, Healthcare and Life Sciences, BFSI, Transportation and Logistics, Telecom and IT, Manufacturing, and Others)
Telecom and IT Segment to Dominate Europe User Research Repositories Software Market during 2019–2028
According to a new market research study on “Europe User Research Repositories Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 116.49 million by 2028 from US$ 40.06 million in 2021. The market is estimated to grow at a CAGR of 16.5% from 2021 to 2028. Rising adoption of software to streamline research process is the major factor driving the growth of the Europe user research repositories software market. However, concerns related to privacy and data access may hinder the growth of Europe user research repositories software market. The report provides trends prevailing in the Europe user research repositories software market along with the drivers and restraints pertaining to the market growth.
E-commerce sales in Europe are significantly growing, with most of the online turnover being generated in Western Europe, accounting for approximately 70% of total European online retail turnover. The growing influence of foreign retailers such as Amazon on local e-commerce industries is anticipated to further boost sales in the region. As the countries reopen, companies in the e-commerce sector are shifting toward smart technologies to boost customer experience. Companies focus on connecting their employees and workers virtually and ensuring end-to-end security in the connection. The COVID-19 pandemic has accelerated the consumers' rate of digital adoption and expectations for a seamless, convenient, and personalized experience. As a result, businesses are shifting from traditional ways of designing and measuring to digital experiences. The user research repository software market is anticipated to witness strong growth in Europe as industry leaders demand customer and data-driven insights across all stages of the product life cycle to stay ahead in the competition post-pandemic.
The Europe user research repositories software market is segmented into type, application, and country. Based on type, the Europe user research repositories software market is divided into cloud-based and on-premises. In 2020, the cloud-based segment held the largest share Europe user research repositories software market. Based on application, the Europe user research repositories software market is broadly classified into government, retail and ecommerce, healthcare, and life sciences, BFSI, transportation and logistics, telecom and IT, manufacturing, and others. The telecom and IT segment accounts for largest market share in the 2020. Similarly, based on country Europe user research repositories software market is further segmented into Germany, France, Italy, United Kingdom, Russia, and rest of Europe. Germany contributed a substantial share in 2020.
Condens Insights GmbH; Crayon Bits, LLC; Productboard, Inc.; Reveall B.V.; Usertimes Solutions GmbH; and UserZoom are among the leading companies in the Europe user research repositories software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, UserZoom, the leader in Experience Insights Management (XIM), announced that Laurie Schultz has joined its Board of Directors. Schultz brings over three decades of business development experience to the company, having a proven track record of delivering technology solutions to the market
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