It is anticipated that the market for customer journey mapping software would expand at a Compound Annual Growth Rate (CAGR) of 16.3% from 2022 to 2032. It is predicted that by 2032, the market would have grown to a valuation of US$ 48.5 billion, a significant increase from the US$ 10.7 billion in 2022.
The market is mainly propelled by the growing use of trip mapping software across all categories of businesses. The need for lead conversion is growing among businesses, and there should be more points of contact between them and their clients. The rate of conversion and profit will increase with the use of customer journey mapping software, which will encourage lead conversion among businesses and support the expansion of the worldwide customer journey mapping software market.
The customer journey mapping software is one such program, which aligns the organization’s goals and objectives with its customer. This is also anticipated to boost the market growth over the analysis period.
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In addition, with proliferation of machine learning capabilities in behavioral analytics, the new generation of data unification tools will make the daunting task of data synchronization cost efficient, fast, and relatively pain-free. In-the-moment engagement models will lead the customer journey analytics SaaS platforms to deliver comprehensive real-time touchpoint integration with minimal investment. Furthermore, cross-channel journey analytics with launch of advance application such as chatbot, virtual assistants, and others, is further expected to boost the growth of the market in the near future.
Key Takeaways from the Market Study
- Global customer journey mapping software market was valued at US$ 10.7 Billion by 2022-end
- The U.S to account for the highest value share of US$ 17.3 Billion of global market demand for customer journey mapping software in 2032
- From 2015 to 2021, customer journey mapping software demand expanded at a CAGR of 17.8%
- By offering, customer journey mapping software solutions to expand at a CAGR of 16%
Competitive Landscape
Players in the global Customer Journey Mapping Software Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
- In January 2021, NICE introduced new integrated features between NICE inContact CXone and Microsoft Teams in January 2021, enabling real-time recording and compatibility with a variety of connected applications. Customers will be able to secure every interaction utilizing global, carrier-grade voice services as a result of the deployment of new capabilities.
- In December 2020, Genesys launched Genesys Digital, a new business segment, which will focus on enabling businesses to keep up with customers’ growing preferences for digital involvement throughout the customer experience, whether through webchat for an inquiry, SMS appointment scheduling, or chatbot support.
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Know More about What the Customer Journey Mapping Software Market Repost Covers
Future Market Insights offers an unbiased analysis of the global Customer Journey Mapping Software Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.
Key Segments Covered In The Customer Journey Mapping Software Industry Analysis
Customer Journey Mapping Software by Offering:
- Customer Journey Mapping Software Solutions
- Customer Journey Mapping Software Services
Customer Journey Mapping Software by Organization Size:
- Customer Journey Mapping Software for Small and Medium Enterprises
- Customer Journey Mapping Software for Large Enterprises
Customer Journey Mapping Software by End User:
- Customer Journey Mapping Software for BFSI
- Customer Journey Mapping Software for Retail and Consumer Goods
- Customer Journey Mapping Software for Media and Entertainment
- Customer Journey Mapping Software for Healthcare and Pharmaceutical
- Customer Journey Mapping Software for Automotive
- Customer Journey Mapping Software for IT and Telecommunication
Customer Journey Mapping Software by Platform:
- Web-based
- App-based
Customer Journey Mapping Software by Region:
- North America Customer Journey Mapping Software Market
- Latin America Customer Journey Mapping Software Market
- Europe Customer Journey Mapping Software Market
- Asia Pacific Customer Journey Mapping Software Market
- Middle East and Africa Customer Journey Mapping Software Market
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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