Worldwide Competitive Intelligence Tools Market Size to Touch USD 82 Million by 2027; Competitive Intelligence Tools Market Share [2020-2027]

Posted on May 24 2022 9:00 AM

"Competitive Intelligence Tools Market Size, Share & COVID-19 Impact Analysis, By Type (On-Premise, Cloud-Based), By Application (BFSI, IT & Telecom, Automotive, Retail, Health Care, Energy, Industrial, and Education), and Regional Forecast, 2020-2027Competitive Intelligence Tools Market Size, Share & COVID-19 Impact Analysis, By Type (On-Premise, Cloud-Based), By Application (BFSI, IT & Telecom, Automotive, Retail, Health Care, Energy, Industrial, and Education), and Regional Forecast, 2020-2027 "

The global “Competitive Intelligence Tools Market 2022” 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. The global competitive intelligence tools market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period, to Reach USD 82 Million by 2027, from USD 37.6 Million in 2019

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Competitive Intelligence Tools Market share, types, applications, growth factor, key players and regions.

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Competitive Intelligence Tools Market Size Overview:

  • USD 82 Million in 2027
  • USD 37.6 Million in 2019
  • CAGR: (2020-2027) 10.3%
  • Base Year: 2019

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 EncourageBusiness 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.

Competitive Intelligence Tools Market: Competitive Landscape and Key Developments

  • 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)

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Competitive Intelligence Tools Market 2022 Regional Analysis:

Moreover, This report focuses on Competitive Intelligence Tools Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Competitive Intelligence Tools Market Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Competitive Intelligence Tools Market Segments:

By Type

  • On Premise
  • Cloud-Based

By Application

  • BFSI
  • IT & Telecom
  • Automotive
  • Retail
  • Health Care
  • Energy
  • Industrial
  • Education

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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