PUBLISHER: The Business Research Company | PRODUCT CODE: 1458612
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458612
An audience intelligence platform is a technology or software solution designed to collect, analyze, and interpret data related to audience behavior, preferences, and engagement across diverse online and offline channels. Its primary function is to use data and analytics to provide businesses with insights into their target audience, enabling informed decision-making in areas such as marketing, content creation, product development, and customer engagement.
The main types of audience intelligence platforms include content intelligence platforms and social media intelligence platforms. Content Intelligence Platforms focus on analyzing various forms of content, including text and multimedia, utilizing advanced algorithms to derive valuable insights. These platforms can be deployed on-premise or in the cloud, and their applications span across government, retail and e-commerce, healthcare and life sciences, BFSI (banking, financial services, and insurance), transportation and logistics, telecom and IT (information technology), manufacturing, and other sectors. Audience intelligence platforms are utilized by both B2B (business-to-business) and B2C (business-to-consumer) entities.
The audience intelligence platform market research report is one of a series of new reports from The Business Research Company that provides audience intelligence platform market statistics, including audience intelligence platform industry global market size, regional shares, competitors with audience intelligence platform market share, detailed audience intelligence platform market segments, market trends, and opportunities, and any further data you may need to thrive in the audience intelligence platform industry. This audience intelligence platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The audience intelligence platform market size has grown exponentially in recent years. It will grow from $3.7 billion in 2023 to $4.46 billion in 2024 at a compound annual growth rate (CAGR) of 20.7%. The growth observed in the historical period can be attributed to several factors, including digital transformation initiatives, the shift towards digital marketing strategies, the rise of social media platforms, the boom in e-commerce activities, and the globalization of markets.
The audience intelligence platform market size is expected to see exponential growth in the next few years. It will grow to $9.37 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The anticipated growth in the forecast period can be attributed to several factors, including concerns about privacy and compliance, the demand for real-time insights into audience behavior, integration with AI and machine learning technologies, a strong emphasis on enhancing customer experience, and the convergence with customer relationship management (CRM) systems. Major trends expected in the forecast period encompass hyper-personalization of content, cross-channel integration for a unified customer experience, predictive analytics for understanding audience behavior, a focus on ethical and transparent data practices, and the implementation of real-time decision support mechanisms.
The escalating demand for targeted advertising is set to drive the expansion of the audience intelligence platform market in the foreseeable future. Targeted advertising, a practice that tailors advertisements to specific audiences based on diverse characteristics such as demographics, interests, online behavior, and location, relies heavily on audience intelligence platforms. These platforms are instrumental in collecting, analyzing, and interpreting data about individuals, enabling advertisers to precisely identify and reach their desired audience segments. For instance, findings from a survey conducted by Adlucent LLC in January 2024 reveal a preference among respondents for personalized advertisements tailored to their individual interests and purchasing patterns, indicating a growing appetite for targeted advertising strategies. Consequently, the burgeoning demand for targeted advertising serves as a key driver propelling the growth of the audience intelligence platform market.
Key players in the audience intelligence platform market are innovating by introducing new products such as location intelligence platforms (LIPs) to gain a competitive edge in the market. LIPs leverage location-based data to furnish businesses with valuable insights and analytics. For example, AdSquare GmbH unveiled a platform featuring an enhanced user interface and a novel feature called location analytics in September 2023. The location analytics feature harnesses location data to offer comprehensive footfall insights, encompassing metrics on visits, visitors, frequency, dwell time, peak times, catchment area analysis, audience insights, targeting recommendations, and campaign success measurement. This transformative tool empowers businesses to make data-driven decisions, refine strategies, and elevate customer experiences by going beyond conventional analytics. The upgraded user interface enhances existing audience targeting and proximity targeting products, delivering an elevated, map-centric experience that enables advertisers to precisely target audiences and effectively engage with consumers.
In May 2023, Audiense Limited, a reputable UK-based software company, finalized the acquisition of Affinio Inc. for an undisclosed sum. This strategic move is intended to strengthen Audiense's position as a premier audience intelligence platform, fostering innovation and enhancing its capabilities in social analysis, consumer research, influencer marketing, and advertising. Affinio Inc., headquartered in Canada, specializes in providing marketing intelligence solutions.
Major companies operating in the audience intelligence platform market report are International Business Machines Corporation, Oracle Corporation, Salesforce.com Inc., Adobe Inc., Nielsen Holdings plc, SAS Institute Inc., Cision Ltd., Khoros LLC, Sprout Social Inc., Quantcast Corporation, Runtime Collective Limited, Talkwalker S. a. r.l., Meltwater News US Inc., Lithium Technologies LLC, Crimson Hexagon Inc., Synthesio Inc., Audiense Limited, SpotRight Inc., OnAudience.com, Codec.ai, Demographics Pro Inc., Helixa Inc., Lotame Solutions Inc., Zoomph Inc.
North America was the largest region in the audience intelligence platform market in 2023. The regions covered in the audience intelligence platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the audience intelligence platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The audience intelligence platform market consists of revenues earned by entities by providing services such as research services, consulting and advisory services, training services, and audience segmentation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The audience intelligence platform market also includes sales of servers, network devices, data storage, and end-user devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Audience Intelligence Platform Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on audience intelligence platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for audience intelligence platform? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The audience intelligence platform market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.