Market Research Report
Published: May 1, 2021
Global Industry Analysts, Inc.
Content info: 360 Pages
Delivery time: 1-2 business days
Global Web Analytics Market to Reach US$8.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Web Analytics estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$8.6 Billion by 2027, growing at a CAGR of 14.6% over the period 2020-2027.Large Enterprises, one of the segments analyzed in the report, is projected to grow at a 14.1% CAGR to reach US$6.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMEs segment is readjusted to a revised 16% CAGR for the next 7-year period. This segment currently accounts for a 26% share of the global Web Analytics market.
The U.S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 14.1% CAGR for the Period of 2020-2027
The Web Analytics market in the U.S. is estimated at US$979 Million in the year 2020. The country currently accounts for a 29.55% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.5 Billion in the year 2027 trailing a CAGR of 14.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR while Rest of European market (as defined in the study) will reach US$1.5 Billion by the year 2027.
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