Latest News- Competitive Intelligence Tools Market: Cloud-based is expected to lead the Deployment segment during 2024-2028
The Competitive Intelligence Tools Market is being driven by Exponential increase in data
The Competitive Intelligence Tools Market is expected to grow at a CAGR of 9.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 27612.1 million. In today's business landscape, the increasing proliferation of intelligently connected devices worldwide is a trend that is expected to reach approximately 21 billion installations by 2025. This digital transformation brings about new challenges for organizations in managing, monitoring, and maintaining these assets. To address this, the demand for Competitive Intelligence Tools that facilitate machine-to-machine and machine-to-human interactions will surge during the forecast period. Businesses leverage technologies such as radio-frequency identification (RFID), sensors, barcodes, and the global positioning system (GPS) to enhance their operational efficiency and effectively manage physical assets across various industries. These advanced technologies enable real-time data collection and analysis, providing valuable insights to optimize business processes and gain a competitive edge.
Get more information on Competitive Intelligence Tools Market by requesting a sample report
Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Deployment (Cloud-based, On-premises) Geography (North America, APAC, Europe, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Key Features in Competitive Intelligence Tools Market Research Report
Find out which segment is leading the market by accessing the free PDF report
Competitive Intelligence Tools refer to software solutions that help businesses gather, analyze, and interpret data from various sources for strategic planning and informed decision-making. These tools leverage Artificial Intelligence (AI) and Machine Learning (ML) technologies for advanced analytics, predictive analysis, and real-time monitoring. They offer cloud-based deployment for digital transformation, integration with Business Intelligence (BI) systems, and support for IoT, Blockchain, and Data-Driven Decision Making. Data collection sources include online scraping, social media monitoring, and various digital platforms. Data security is ensured, and the tools provide informed decisions based on AI integration and data overload management. Both cloud-based and on-premise tools are available.
The competitive intelligence tools market is a segment of the vast IT software industry, focusing on businesses that develop and provide specialized software solutions. This sector encompasses artificial intelligence (AI) and machine learning (ML) technologies, cloud-based deployment, digital transformation, IoT, and blockchain. According to Technavio, the global IT software market encompasses companies offering application software, excluding those producing database management software, interactive home entertainment software, or systems software. Our analysis calculates the market size based on the consolidated revenue of these businesses providing competitive intelligence tools, including cloud-based solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
