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Feedback Management Software Market By Component, By Type, By Deployment Mode, By Organization Size, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 275 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725274
Feedback management software is among the rising technological system that understands consumer feedback as it develops over time by engaging customers and users with relevant, personalized surveys. It typically incorporates survey data into the feedback management process and gains actionable insights at every phase of the customer lifecycle. These phases include customer reach, acquisition, conversion, customer retention, and loyalty. Further, the data collected by feedback management software results in a better assessment of customer needs through customer feedback, as well as finding employee satisfaction related to workplace, jobs, and others through employee feedback surveys. As a result, it can reduce operating costs, gauge customer insight, and boost marketing and sales. Thus, it has a potential impact on improving customer comfort and retention, which in turn, boosts the feedback management software market.

Growing digital transformation initiatives across enterprises coupled with rising integration between feedback management software and CRM software are the major factors accelerating the growth of feedback management software market. Moreover, surging demand for personalized customer experience fuel the market growth during the forecast period. However, data security and privacy concern related to cloud-based software are some of the factors that hinder the market growth. Further, Moreover, rapid transition toward the adoption of online platforms for boosting the sales and profit margins has immensely put the feedback management software in the fore front. In addition, increasing adoption of artificial intelligence in improving customer engagement along with untapped potential of emerging economies is expected to create lucrative growth opportunities for the market during the forecast period.

The feedback management software market is segmented on the basis of component, type, deployment mode, organization size, industry vertical, and region. By component, it is categorized into software and services (professional services and managed services). By type, it is categorized into customer, employee, and client. By deployment mode, it is segmented into on-premise and cloud. By organization size, it is bifurcated into large enterprises and small and medium-sized enterprises. By industry vertical, it is segmented into retail and e-commerce, travel and hospitality, education, healthcare and life sciences, IT and telecom, BFSI, government and public sector, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA region.

The report includes a comprehensive analysis of the key players operating in the feedback management software market, such as Alchemer, Engagedly, Inc., Explorance Inc., Filecamp AG, Momentive Inc., Pageproof. com Limited, ProofHub, LLC, Qualtrics, LLC, QuestionPro Inc., and UserVoice, Inc.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides in-depth analysis of the feedback management software market along with the current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, & opportunities and their impact analysis on the feedback management software market size are provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the feedback management software market from 2021 to 2031 is provided to determine the market potential.

Key Market Segments

By Component

  • Software
  • Services

By Type

  • Customer
  • Employee
  • Client

By Deployment Mode

  • On-Premise
  • Cloud

By Organization Size

  • Large Enterprises
  • Small and Medium-sized Enterprises

By Industry Vertical

  • BFSI
  • Government and Public Sector
  • Others
  • Retail and E-Commerce
  • Travel and Hospitality
  • Education
  • Healthcare and Life Sciences
  • IT and Telecom

By Region

  • North America
  • U. S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Momentive Inc.
  • Qualtrics, LLC
  • UserVoice, Inc.
  • Alchemer
  • Explorance Inc.
  • QuestionPro Inc.
  • Filecamp AG
  • ProofHub, LLC
  • Pageproof. com Limited
  • Engagedly, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: FEEDBACK MANAGEMENT SOFTWARE MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Software
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Services
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: FEEDBACK MANAGEMENT SOFTWARE MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Customer
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Employee
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Client
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: FEEDBACK MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT MODE
6.1 Overview
6.1.1 Market size and forecast
6.2 On-Premise
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Cloud
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: FEEDBACK MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE
7.1 Overview
7.1.1 Market size and forecast
7.2 Large Enterprises
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Small and Medium-sized Enterprises
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country

CHAPTER 8: FEEDBACK MANAGEMENT SOFTWARE MARKET, BY INDUSTRY VERTICAL
8.1 Overview
8.1.1 Market size and forecast
8.2 Retail and E-Commerce
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Travel and Hospitality
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Education
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Healthcare and Life Sciences
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
8.6 IT and Telecom
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market analysis by country
8.7 BFSI
8.7.1 Key market trends, growth factors and opportunities
8.7.2 Market size and forecast, by region
8.7.3 Market analysis by country
8.8 Government and Public Sector
8.8.1 Key market trends, growth factors and opportunities
8.8.2 Market size and forecast, by region
8.8.3 Market analysis by country
8.9 Others
8.9.1 Key market trends, growth factors and opportunities
8.9.2 Market size and forecast, by region
8.9.3 Market analysis by country

CHAPTER 9: FEEDBACK MANAGEMENT SOFTWARE MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Component
9.2.3 North America Market size and forecast, by Type
9.2.4 North America Market size and forecast, by Deployment Mode
9.2.5 North America Market size and forecast, by Organization Size
9.2.6 North America Market size and forecast, by Industry Vertical
9.2.7 North America Market size and forecast, by country
9.2.7.1 U. S.
9.2.7.1.1 Market size and forecast, by Component
9.2.7.1.2 Market size and forecast, by Type
9.2.7.1.3 Market size and forecast, by Deployment Mode
9.2.7.1.4 Market size and forecast, by Organization Size
9.2.7.1.5 Market size and forecast, by Industry Vertical
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Component
9.2.7.2.2 Market size and forecast, by Type
9.2.7.2.3 Market size and forecast, by Deployment Mode
9.2.7.2.4 Market size and forecast, by Organization Size
9.2.7.2.5 Market size and forecast, by Industry Vertical
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Component
9.3.3 Europe Market size and forecast, by Type
9.3.4 Europe Market size and forecast, by Deployment Mode
9.3.5 Europe Market size and forecast, by Organization Size
9.3.6 Europe Market size and forecast, by Industry Vertical
9.3.7 Europe Market size and forecast, by country
9.3.7.1 UK
9.3.7.1.1 Market size and forecast, by Component
9.3.7.1.2 Market size and forecast, by Type
9.3.7.1.3 Market size and forecast, by Deployment Mode
9.3.7.1.4 Market size and forecast, by Organization Size
9.3.7.1.5 Market size and forecast, by Industry Vertical
9.3.7.2 Germany
9.3.7.2.1 Market size and forecast, by Component
9.3.7.2.2 Market size and forecast, by Type
9.3.7.2.3 Market size and forecast, by Deployment Mode
9.3.7.2.4 Market size and forecast, by Organization Size
9.3.7.2.5 Market size and forecast, by Industry Vertical
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Component
9.3.7.3.2 Market size and forecast, by Type
9.3.7.3.3 Market size and forecast, by Deployment Mode
9.3.7.3.4 Market size and forecast, by Organization Size
9.3.7.3.5 Market size and forecast, by Industry Vertical
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Component
9.3.7.4.2 Market size and forecast, by Type
9.3.7.4.3 Market size and forecast, by Deployment Mode
9.3.7.4.4 Market size and forecast, by Organization Size
9.3.7.4.5 Market size and forecast, by Industry Vertical
9.3.7.5 Spain
9.3.7.5.1 Market size and forecast, by Component
9.3.7.5.2 Market size and forecast, by Type
9.3.7.5.3 Market size and forecast, by Deployment Mode
9.3.7.5.4 Market size and forecast, by Organization Size
9.3.7.5.5 Market size and forecast, by Industry Vertical
9.3.7.6 Rest of Europe
9.3.7.6.1 Market size and forecast, by Component
9.3.7.6.2 Market size and forecast, by Type
9.3.7.6.3 Market size and forecast, by Deployment Mode
9.3.7.6.4 Market size and forecast, by Organization Size
9.3.7.6.5 Market size and forecast, by Industry Vertical
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Component
9.4.3 Asia-Pacific Market size and forecast, by Type
9.4.4 Asia-Pacific Market size and forecast, by Deployment Mode
9.4.5 Asia-Pacific Market size and forecast, by Organization Size
9.4.6 Asia-Pacific Market size and forecast, by Industry Vertical
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Component
9.4.7.1.2 Market size and forecast, by Type
9.4.7.1.3 Market size and forecast, by Deployment Mode
9.4.7.1.4 Market size and forecast, by Organization Size
9.4.7.1.5 Market size and forecast, by Industry Vertical
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Component
9.4.7.2.2 Market size and forecast, by Type
9.4.7.2.3 Market size and forecast, by Deployment Mode
9.4.7.2.4 Market size and forecast, by Organization Size
9.4.7.2.5 Market size and forecast, by Industry Vertical
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Component
9.4.7.3.2 Market size and forecast, by Type
9.4.7.3.3 Market size and forecast, by Deployment Mode
9.4.7.3.4 Market size and forecast, by Organization Size
9.4.7.3.5 Market size and forecast, by Industry Vertical
9.4.7.4 Australia
9.4.7.4.1 Market size and forecast, by Component
9.4.7.4.2 Market size and forecast, by Type
9.4.7.4.3 Market size and forecast, by Deployment Mode
9.4.7.4.4 Market size and forecast, by Organization Size
9.4.7.4.5 Market size and forecast, by Industry Vertical
9.4.7.5 South Korea
9.4.7.5.1 Market size and forecast, by Component
9.4.7.5.2 Market size and forecast, by Type
9.4.7.5.3 Market size and forecast, by Deployment Mode
9.4.7.5.4 Market size and forecast, by Organization Size
9.4.7.5.5 Market size and forecast, by Industry Vertical
9.4.7.6 Rest of Asia-Pacific
9.4.7.6.1 Market size and forecast, by Component
9.4.7.6.2 Market size and forecast, by Type
9.4.7.6.3 Market size and forecast, by Deployment Mode
9.4.7.6.4 Market size and forecast, by Organization Size
9.4.7.6.5 Market size and forecast, by Industry Vertical
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Component
9.5.3 LAMEA Market size and forecast, by Type
9.5.4 LAMEA Market size and forecast, by Deployment Mode
9.5.5 LAMEA Market size and forecast, by Organization Size
9.5.6 LAMEA Market size and forecast, by Industry Vertical
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Component
9.5.7.1.2 Market size and forecast, by Type
9.5.7.1.3 Market size and forecast, by Deployment Mode
9.5.7.1.4 Market size and forecast, by Organization Size
9.5.7.1.5 Market size and forecast, by Industry Vertical
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Component
9.5.7.2.2 Market size and forecast, by Type
9.5.7.2.3 Market size and forecast, by Deployment Mode
9.5.7.2.4 Market size and forecast, by Organization Size
9.5.7.2.5 Market size and forecast, by Industry Vertical
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Component
9.5.7.3.2 Market size and forecast, by Type
9.5.7.3.3 Market size and forecast, by Deployment Mode
9.5.7.3.4 Market size and forecast, by Organization Size
9.5.7.3.5 Market size and forecast, by Industry Vertical

CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments

CHAPTER 11: COMPANY PROFILES
11.1 Momentive Inc.
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Qualtrics, LLC
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 UserVoice, Inc.
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Alchemer
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Explorance Inc.
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 QuestionPro Inc.
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 Filecamp AG
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 ProofHub, LLC
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Pageproof. com Limited
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 Engagedly, Inc.
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Feedback Management Software Market,' the feedback management software market was valued at $8.8 billion in 2021, and is estimated to reach $28.7 billion by 2031, growing at a CAGR of 12.9% from 2022 to 2031.

Feedback management software is one of the complete customer support systems for enterprises and businesses that enable the understanding of the scope of customer needs and behavior for current and future time periods, thereby reducing the risk of colossal losses. It is intended to gather and analyze consumer feedback to help with innovations to advance products, retain existing customers, and attract new consumers. Furthermore, the main focus of positioning the feedback management software is to effectively process sourcing feedback from customers through multiple channels to guide company decisions. As a result, company and customer support departments across different industry verticals are increasingly deploying feedback management software to enable security, stability, and comfort in customer experience management.

Moreover, the companies have shifted to digital sales in the wake of the pandemic, giving a fivefold revenue growth. As such scenario is being observed within all industries, the need for understanding the customer right from platform choice for product/service availability, a wide range of personalization and offers has one of the major agenda, driving the growth of the feedback management software market. However, concerns over data security and privacy are expected to restrict the adoption of feedback management software in the market.

Furthermore, key players operating in the feedback management system market are expected to develop feedback management software for improved suppliers’ access to deliver better customer experience in real-time. This is further expected to present lucrative opportunities for the feedback management software market share as market vendors are introducing novel feedback management software to cater to these new requirements.

On the basis of type, the customer segment had the highest share in 2021. This is attributed to rising importance of comprehending customer behavior and their preferences drive several brands and organizations to adopt customer experience strategies, which drive growth of the market. In addition, rising investments in employing improved marketing technologies to help customers to make cognitive decisions are further anticipated to drive the market growth. Furthermore, client segment is expected to grow at the fastest CAGR during the forecast period. This is attributed to the growing need to improve customer engagement in B2B operations, increased the need for better understanding of customers and increasing utilization of customer-related scores to better plan customer engagement strategy, providing lucrative growth opportunities for the feedback management software market.

By region, the feedback management software market was dominated by North America in 2021, and is expected to maintain this trend during the forecast period, owing to increasing adoption of cloud computing technologies and data & analytics for delivering better performance on customer satisfaction and robust availability of leading vendors and their strategic initiatives. However, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. The region has a proliferation of new technologies that enable increased level of automation in customer experience management and real-time monitoring of customer feedbacks. Moreover, rising companies’ policies in a range of industry verticals to maintain better customer engagement, and rising consumer preference to post reviews and share feedback across digital media drive market growth in the region.

The feedback management software market was significantly impacted by the COVID-19 outbreak. The pandemic considerably disrupted the operations across software development companies in 2020, but also even blooming business, owing to the spread of novel coronavirus has led to restrictions on physical travel. On other hand, increased online consumer behavior in the wake of the pandemic has led companies to adopt analytics and experience management technologies for understanding the ever-changing consumer needs and requirements. This confronting issue has led users to adopt digital media and technologies are directly impacting the feedback management software market to experience a significant incline in long-run outlook.

Key Findings of the Study

By component, the software segment led the feedback management software industry in terms of revenue in 2021.

By type, the customer segment led the feedback management software industry in terms of revenue in 2021.

By deployment mode, the on-premise segment led the feedback management system market forecast in terms of revenue in 2021.

By organization size, the large enterprises segment accounted for the highest feedback management software market analysis in 2021.

By industry vertical, the retail and e-commerce segment accounted for the highest feedback management software market size in 2021.

By region, North America generated the highest revenue in feedback management software market forecast in 2021.

The key players profiled in the feedback management software industry analysis include, Alchemer, Engagedly, Inc., Explorance Inc., Filecamp AG, Momentive Inc., Pageproof.com Limited, ProofHub, LLC, Qualtrics, LLC, QuestionPro Inc., and UserVoice, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Companies Mentioned

  • Momentive Inc.
  • Qualtrics, LLC
  • Uservoice, Inc.
  • Alchemer
  • Explorance Inc.
  • Questionpro Inc.
  • Filecamp AG
  • Proofhub, LLC
  • Pageproof.Com Limited
  • Engagedly, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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