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2020
Clickstream Analytics Market

Clickstream Analytics Market by Component (Software and Services), Deployment (On-premise and Cloud), Application (Click Path Optimization, Website/Application Optimization, Customer Analysis, Basket Analysis & Personalization, Traffic Analysis, and Others), and Industry Vertical (BFSI, Telecom & IT, Travel & Hospitality, Retail & eCommerce, Government, Energy & Utilities, Media & Entertainment, Transportation & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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A05942
Pages: 319
Jan 2020 | 4936 Views
Author(s) : Sneha Korad and Makarand Sinnarkar
Tables: 149
Charts: 92
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Clickstream Analytics Market Statistics - 2026

Global clickstream analytics market size was valued at $868.8 million in 2018, and is projected to reach $2561.6 million by 2026, growing at a CAGR of 14.8% from 2019 to 2026. Rise in elusive clickstream data due to diversified platforms such as Facebook, Twitter, Snapchat, and Google fuels the demand for clickstream analytics at a high rate. Clickstream analytics have ability to refine data by processing, cleaning, and transforming the raw data into convenient structure that make analysis of data easy and more accurate. This ability has proliferated the adoption of clickstream analytics among major social media players such as Facebook and Google.

Clickstream Analytics Market Infographics

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Clickstream analytics is a set of processes that collect, analyze, and provide visualized results of aggregated clickstream data. Clickstream data is information trail that a web surfing user leaves behind while visiting a website. The clickstream data is typically captured in semi-structured website log files. These website log files contain data elements such as a date and time stamp, the visitor’s IP address, the URLs of the pages visited, and a user ID that uniquely identifies the user. Thus, business that operate through online applications benefit from clickstream analytics by analyzing the clickstream data. Owing to aforementioned factors the clickstream analytics market is expected to grow at a significant rate during the forecast period.

Clickstream Analytics Market
By Component

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Software is projected as one of the most lucrative segments.

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Businesses that market their products online are thriving to get a 360-degree view of consumers, which in turn is propelling the growth of the market. This is attributed to growing need to know what a consumer is clicking and interested into, which in turn is expected to be a major improvement factor in both one’s products and customers’ experience. Majorly, advent of digitalization has proliferated the clickstream analytics tools demand as it generates valuable business insights from the data logs collected from the online platforms. Thus, growing need to gain revenue growth opportunities by gathering customer interest and feedback is a major factor that drives the clickstream analytics market growth.

Clickstream Analytics Market
By Deployment

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On-premise is projected as one of the most significant segments.

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The clickstream analytics market in North America was dominated in terms of revenue share in 2018 as players operating from this region have huge silos of gathered clickstream data as countries in the region have adopted digitization at a fairly early stage. In addition, North America market is expected to remain dominant during the forecast period due to the region’s well-developed infrastructure. 

Clickstream Analytics Market
By Application

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Click path optimization is projected as one of the most significant segments.

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The report focuses on the growth prospects, restraints, and market analysis. The study provides Porter’s five forces analysis of the clickstream analytics industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the clickstream analytics market.

Clickstream Analytics Market
By Industry Vertical

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IT and Telecommunications is projected as one of the most significant segments.

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Segment review

The clickstream analytics market is segmented on the basis of component, deployment, application, industry vertical, and region. By component, it is categorized into software and services. On the basis of deployment, it is bifurcated into on-premise and cloud. On the basis of application, it is divided into click path optimization, website/application optimization, customer analysis, basket analysis & personalization, traffic analysis, and others. Depending on industry vertical, it is categorized into BFSI, telecommunications & IT, travel & hospitality, retail & ecommerce, government, energy & utilities, media & entertainment, transportation & logistics, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Clickstream Analytics Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 17.2% during 2019-2026.

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The key players operating in the global clickstream analytics market forecast include Adobe Systems Incorporated, Google LLC, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Splunk Inc., Talend, and Verto Analytics Inc.

Top Impacting Factors    

Consumerization of technology has propelled the growth of ecommerce from the recent past. In addition, high penetration of smartphones has bolstered the adoption of mobile technology, which in turn is expected to drive growth of the market. However, concerns associated with data gathering policies, security, and privacy are factors that could restraint the market growth to a certain extent. Furthermore, increase in demand for clickstream analytics and its related services among developing economies provides revenue growth opportunity for the market growth. 

Rise in e-commerce

e-Commerce set for global domination in terms of online retailing. Advent of analytics in e-commerce trading is transforming online retailing and is creating the dominance for e-commerce businesses. With rise in consumer preferences toward e-commerce or virtual shopping experiences, the adoption of clickstream analytics is expected to rise significantly. As clickstream analysis benefits an online retailer to improve conversion rate through personalization and optimize marketing campaigns, the growth of the market is expected to boost at a significant rate.

Adoption of mobile technology

High penetration of mobile devices that generate tremendous amount of data of all types is expected to drive the growth of the market. This is attributed to mobile technology that provides in-depth insights into consumer behavior with its activities on the internet. Moreover, consumers across the globe are primarily using smartphones due to easy accessibility benefit, this is also one of the factors that boost the growth of clickstream analytics market analysis. 

Impact of COVID-19 on Clickstream Analytics Market:

  • The global lockdown has not impacted the IT and telecom industry. And, as a result, the use of clickstream in the sector has continued in the coronavirus pandemic.
  • On the other hand, the clickstream is a set of process which helps to analyze and collect the data to deliver visualized results. The IT and telecom industries are the major application areas of clickstream analytics and its operations are carried out regularly during the coronavirus outbreak.

Key Benefits for Stakeholders

  • This study includes the clickstream analytics market trends, opportunity, analysis, and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities of the clickstream analytics industry.
  • The clickstream analytics market share is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the clickstream analytics market.

Key Market Segments

  • By Component
    • Software
    • Services

  • By Deployment
    • On-Premise
    • Cloud

  • By Application
    • Click Path Optimization
    • Website/Application Optimization
    • Customer Analysis
    • Basket Analysis & Personalization
    • Traffic Analysis
    • Others

  • By Industry Vertical
    • BFSI
    • Telecommunications and IT
    • Travel & Hospitality
    • Retail & eCommerce
    • Government
    • Energy and Utilities
    • Media and Entertainment
    • Transportation and Logistics
    • Others

  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa

Key Market Players

  • HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
  • INTERNATIONAL BUSINESS MACHINES CORPORATION
  • MICROSOFT CORPORATION
  • ORACLE CORPORATION
  • SAP SE
  • SPLUNK INC.
  • TALEND S.A.
  • VERTO ANALYTICS INC.
 

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Majority of key executives are thriving to gain insights that help them address their business concerns. With advent of web analytics, customer engagement strategies were considered as a critical concern as the different metrics portray variance in engagement patterns. This highly influenced the commensurate of several R&D and on-going digitization activities for businesses that thrive for better business opportunities.

Prominence of web analytics with emergence of Internet has increased the demand for analytics. This is attributed to its visualization tools that present results in dashboards. These dashboards are highly preferred among the senior executives as they display actual value or growth without the need to be calculative or without the need to process any complex processes. As well as analytics dashboards can be customized by various parameters such as date range, user persona, and other attributes.

The global clickstream analytics market in Asia-Pacific and North America regions is anticipating high growth and is expected to remain dominant during the forecast period. The growth of the market in north America is attributed to be high as major players operating in the market are headquartered in the North American. For instance, Google LLC headquartered in Mountain View, Santa Clara County, California, U.S. and is among top players to provide clickstream analytics products such as Google Analytics. High number of consumers in the market from the Asia-Pacific countries, owing to high number of small and medium enterprises that have opted for web analytics solutions drives the growth of the market in the region.

The key players operating in the global clickstream analytics market include Automation Anywhere, Inc., Blue Prism Limited, HCL Technologies Limited, Hewlett Packard Enterprise Company, International Business Machines Corporation, Kofax Inc., Microsoft Corporation, NICE Robotic Automation, Pegasystems Inc., and UiPath. Major players have adopted various revenue and business growth strategies to enhance and develop their product portfolio, strengthen their clickstream analytics market share, and help them increase their market penetration.

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FREQUENTLY ASKED QUESTIONS?

A. Some of the major applications include Click Path Optimization, Website/Application Optimization, Customer Analysis, Basket Analysis & Personalization, Traffic Analysis

A. Some of the major market players operating in the market includes Adobe Systems Incorporated, Google LLC, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Splunk Inc., Talend, and Verto Analytics Inc

A. To get latest version of clickstream analytics market

A. Global market is expected to grow at CAGR of 14.8% from 2019 to 2026.

A. The market is projected to reach $2,561.6 million by 2026

A. On the basis of top growing big corporation we select key market players.

A. Rise in elusive clickstream data due to diversified platforms fuels the demand for clickstream analytics at a high rate.

A. North America region possess greater business opportunities in the coming future

A. product extensions, mergers and acquisitions and geogrpahical expansion are some of the major strategies adopted by leading vendors

A. Some of the major factors driving the market includes rise in e-commerce and adoption of mobile technology

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