COMPETITIVE INTELLIGENCE TOOLS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Competitive Intelligence Tools market is estimated to be valued at US$ 440.5 Mn in 2024 and is expected to reach US$ 984.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.

Introduction:

The global competitive intelligence tools market has been witnessing significant growth in recent years. Competitive intelligence enables organizations to gather insights about competitors so as to enhance their strategic decision making. Rising competition across industries has prompted companies to adopt competitive intelligence tools to gain a competitive edge. These tools help identify new market opportunities, track competitor activities, minimize risks from market and technology changes. With digital transformation and growing data volumes, competitive intelligence tools that leverage technologies like AI and analytics are gaining more prominence.

Market Dynamics:

Growing data volumes coupled with need for timely insights is driving the adoption of competitive intelligence tools. As organizations across industries digitally transform, there is a massive amount of competitor and market data generated each day from multiple sources like websites, social media, blogs etc. Analyzing and making sense of this huge amount of unstructured data in a timely manner manually is almost impossible. This is prompting companies to leverage competitive intelligence tools that use technologies like artificial intelligence, machine learning and natural language processing to gather competitor insights from diverse online sources, analyze patterns and quickly deliver actionable intelligence to decision makers. Moreover, changing business landscape where new entrants are regularly challenging incumbent players with disruptive technologies and business models has intensified competition. Companies are resorting to competitive intelligence tools to proactively monitor competitor strategies and identify vulnerabilities in their business models to counter threats. However, data privacy regulations pose challenges for tools to effectively gather intelligence in certain regions. Moreover, selecting right tools based on organization’s requirements without burning a large hole in pocket is also a challenge for many firms.

Key features of the study:

• This report provides in-depth analysis of the global competitive intelligence tools market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global competitive intelligence tools market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Alexa Internet Inc., Alphabet Inc., CI Radar, Comintelli, Consensus Point, Crunchbase, Digimind, Evalueserve, NetBase Solutions Inc., Owler, Semrush, SimilarWeb, Slintel Inc., SpyFu, and Talkwalker
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global competitive intelligence tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global competitive intelligence tools market.

Detailed Segmentation:

• Deployment
  • On Premise
  • Cloud-Based
•  End User
  • BFSI
  • IT & Telecom
  • Automotive
  • Retail
  • HealthCare
  • Energy
  • Industrial
  • Others
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players Insights
• • Alexa Internet Inc.
  • Alphabet Inc.
  • CI Radar
  • Comintelli
  • Consensus Point
  • Crunchbase
  • Digimind
  • Evalueserve
  • NetBase Solutions Inc.
  • Owler
  • Semrush
  • SimilarWeb
  • Slintel Inc.
  • SpyFu
  • Talkwalker