COMPETITIVE INTELLIGENCE SOFTWARE MARKET Size and trends

Competitive Intelligence Software Market Size and Trends

Global competitive intelligence software market is estimated to be valued at US$ 26.6 Mn in 2025 and is expected to reach US$ 51.5 Mn by 2032, growing at a compound annual growth rate (CAGR) of 9.9% from 2025 to 2032.

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Growing need to streamline competition analysis & strategy development process and increase in applications of artificial intelligence & machine learning in competitive intelligence can boost demand for competitive intelligence software. Key market players are focusing on enhancing their product capabilities by leveraging emerging technologies like AI & ML to offer advanced analytics and insights. Integration of competitive intelligence software with other business applications can also increase its adoption rate across organizations. However, data privacy & security concerns and high costs associated can hamper the competitive intelligence software market growth during the forecast period.

Rising demand for actionable insights

Due to globalization, businesses are facing intense competitive intelligence software market. Competitive intelligence software helps companies to analyze their competitors' product portfolios, promotions, pricing strategies and customer preferences to better understand the market dynamics. Such real-time data-driven insights help companies to identify new growth avenues while spotting potential threats from competitors in advance.

Rather than spending huge amounts on hiring researchers, companies are leveraging competitive intelligence software to easily track competition across multiple parameters. Key aspects like competitor profiling, technology monitoring, market monitoring and analysis of partnerships & collaborations can now be done efficiently using these software solutions. Moreover, these empower sales and marketing teams with insights to push for better lead conversions and drive sales growth. Enterprises realize that reacting to competitors moves in a proactive manner using predictive analytics capabilities of these tools can help gain significant competitive advantage over others. The demand for actionable strategies backed by continuous competitor monitoring can boost adoption of competitive intelligence software at a global scale.

For instance, in October 2023, IBM signed three MoUs with entities under India's Ministry of Electronics and Information Technology (MeitY) to drive innovation in AI, semiconductors, and quantum computing. This aims to accelerate India's national AI strategy, bolster the country's semiconductor self-reliance efforts, and advance its National Quantum Mission.