Report : Asia Pacific 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)
Cloud-Based Segment to Dominate Asia-Pacific User Research Repositories Software Market during 2019–2028
According to a new market research study on “Asia-Pacific User Research Repositories Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 77.46 million by 2028 from US$ 23.87 million in 2021. The market is estimated to grow at a CAGR of 18.3% from 2021 to 2028. Rising adoption of software to streamline research process is the major factor driving the growth of the Asia-Pacific user research repositories software market. However, concerns related to privacy and data access may hinder the growth of Asia-Pacific user research repositories software market. The report provides trends prevailing in the Asia-Pacific user research repositories software market along with the drivers and restraints pertaining to the market growth.
The COVID-19 pandemic has not only disrupted the overall economy in Asia-Pacific but has also changed the buyers’ attitude toward the various industry verticals. A rise in consumer demand for expensive safety features in products and services encourages market vendors to invest in high-end technological solutions. In the last few months, the market rebound is encouraging the growth of user research repositories software solutions. The trend toward e-commerce uptake seen as the economies start to open and function again is likely to be sustained during recovery and the post-pandemic era. Countries in the Asia-Pacific region are anticipated to harness the potential of artificial intelligence (AI), internet of things (IoT), and digitalization. For instance, Indonesia launched a capacity-building program to expedite digitization among small and medium enterprises. A customer’s interaction with a company in times of crisis can immediately affect the sense of trust and loyalty. Thus, customer experience (CX) leaders focus on catering to the longer-term shifts in consumer behavior resulting from this crisis. Demands for real-time monitoring and analysis of changing customer preferences and rapid innovations to redesign journeys are anticipated to boost the Asia-Pacific user research repository software market in the post-pandemic era.
The Asia-Pacific user research repositories software market is segmented into type, application, and country. Based on type, the Asia-Pacific user research repositories software market is divided into cloud-based and on-premises. In 2020, the cloud-based segment held the largest share Asia-Pacific user research repositories software market. Based on application, the Asia-Pacific 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 Asia-Pacific user research repositories software market is further segmented into Australia, China, India, Japan, South Korea, Singapore, and rest of Asia-Pacific. China contributed a substantial share in 2020.
Crayon Bits, LLC; Dovetail Research Pty. Ltd; Productboard, Inc.; and UserZoom are among the leading companies in the Asia-Pacific 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), expanding its footprint in key industry verticals including software, financial services, healthcare, and CPG.
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