Web Analytics Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.22 Billion |
| Market Size (2029) | USD 2.80 Billion |
| CAGR (2024 - 2029) | 18.19 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Web Analytics Market Analysis
The Web Analytics Market In Retail And CPG Industry is expected to grow from USD 1.22 billion in 2024 to USD 2.80 billion by 2029, at a CAGR of 18.19% during the forecast period (2024-2029).
- Web analytics in the retail and CPG sectors is crucial for businesses. It assists in strengthening their online presence, refining customer engagement, optimizing marketing strategies, and boosting sales. With the ongoing digital transformation, the significance of web analytics in these sectors is set to grow, cementing its role as a crucial of modern retail and CPG strategies.
- Through advanced data analytics consulting, retail and CGP companies can boost their marketing RoI. Real-time insights into consumer behavior and purchasing trends, obtained through these services, are invaluable. By analyzing metrics from platforms like social media and brand websites, businesses can determine the efficacy of their current strategies.
- As businesses increasingly move online, the need for web analytics to understand and optimize digital presence grows. According to Wunderman Thompson Commerce, online marketplaces such as eBay, Alibaba, or JD.com accounted for over one-third of global online shopping orders. In a 2023 survey, 15% of digital shoppers purchased from e-grocers and supermarkets, while branded websites secured the third spot at 14%, closely followed by retailer websites at 13%.
- Furthermore, companies are increasingly relying on data insights to guide their strategies and operations. The rise of online shopping boosts the demand for e-commerce analytics to understand customer behavior and improve conversion rates. According to NEPA, as of early 2023, around 43% of consumers in the United States said they would prefer to shop mostly online rather than in-store, making it the country with the highest online shopping preference.
- Continuous advancements in analytics technologies, such as AI and machine learning, enhance the capabilities of web analytics tools. The State Council of China recently detailed its strategy to become the leading AI superpower by 2030 by building a USD 150 billion national AI industry. Such governmnet initiatives may further propel the studied market growth.
- Web analytics consolidate data from diverse sources like SEO, social media, email marketing, and paid advertising. This comprehensive approach aids retail and CPG firms in grasping how various marketing channels interact, enabling them to fine-tune their digital strategies. We Are Social reports that India boasted a staggering 462 million active social media users. Notably, WhatsApp and Instagram led the charge, with penetration rates exceeding 83% and 80%, respectively, by Q3 2023.
- Rigid government and data privacy regulations can pose challenges and create compliance requirements for the web analytics market in retail and CPG. These regulations aim to protect user privacy and ensure responsible handling of personal data, but they can also impose limitations and impact certain aspects of web analytics practices.
- Increasing inflation can significantly impact the growth of the web analytics market in retail and consumer packaged goods (CPG). As inflation affects consumer purchasing power, shopping habits may change. Consumers might become more price-sensitive, shifting towards discount retailers or alternative products. Web analytics can help companies track and respond to these changes in real time, offering insights into emerging trends and allowing for quick adjustments in marketing strategies.
Web Analytics Market Trends
Search Engine Optimization and Ranking Sector Significantly Driving the Market Growth
- The increase in SEO and ranking efforts significantly propels the demand for web analytics in the retail and consumer packaged goods (CPG) sectors. Companies invest in SEO to improve search engine rankings and increase organic website traffic. Web analytics tools are crucial for measuring the effectiveness of these SEO efforts. Companies can assess how well their SEO strategies are working and make necessary adjustments by analyzing data such as page views, bounce rates, and conversion rates.
- In addition, higher SEO rankings lead to increased website traffic. Web analytics provide detailed insights into how these visitors interact with the site, which pages they visit, how long they stay, and where they drop off. Understanding this behavior helps retail and CPG companies refine their website content, layout, and user experience to meet consumer needs better and increase engagement.
- In January 2024, Ahrefs announced Rank Tracker's Overview 2.0 and a new feature in Site Explorer, allowing users to filter by "best links." This enhancement empowers users to pinpoint what Ahrefs deems "good" links. The filter is based on a predefined group of parameters, which contains referring domains with a DR of at least 30, traffic of 500 or more, and so on.
- Web analytics can provide insights into competitors' SEO performance by analyzing search engine rankings, keyword strategies, and traffic patterns. Retail and CPG companies can use this information to benchmark their performance against competitors and recognize opportunities for improvement. As more retailers move online, the competition for visibility in search engine results intensifies. This drives demand for sophisticated SEO tools to gain a competitive edge.
- The continuous growth of e-commerce necessitates robust SEO strategies to attract and retain customers. Effective SEO can significantly enhance a retailer's online presence and drive sales. In 2023, as AMI reported, Asia dominated the global e-commerce landscape, surpassing a staggering USD 1.8 trillion in transaction volume.
Understand The Key Trends Shaping This Market
Download PDF
Asia Pacific to Witness Significant Market Share
- Many countries in the APAC region are experiencing fast-paced digitalization. Businesses are increasingly adopting online platforms, necessitating web analytics to understand and enhance their online presence. The e-commerce market in APAC is booming, with countries like China, India, and Southeast Asia showing significant growth. Retailers and CPG companies leverage web analytics to optimize their e-commerce strategies, improve user experience, and drive sales.
- According to EBANX, in 2023, India boasted a digital buyer base exceeding 345 million. Projections indicate that this figure will surge, surpassing 400 million by 2027. Additionally, in July 2023, Ultra-low-cost e-commerce platform Temu, owned by PDD Holdings, started selling to Japan, marking its first foray into the regional market. Additionally, the sister site of the Chinese discount e-commerce platform Pinduoduo ships a significant range of products, from electronics and clothing to home goods primarily sourced from Chinese merchants to international customers, all at highly competitive prices. Such expansion in the e-commerce sector in the region may further propel the studied market growth.
- Moreover, the market studied is witnessing key players' mergers, acquisitions, and investments as part of its strategy to improve business and their presence to reach customers and meet their requirements for various applications. For instance, in April 2024, Cognizant, a company that offers digital solutions, technology consulting, and IT services to multiple industries, announced a partnership with Shopify and Google to assist brands and retailers in enhancing their online stores. This collaboration integrates Shopify's online selling platform with Google Cloud's system, utilizing the expertise of Cognizant's retail technology specialists.
- There is a growing adoption of advanced technologies such as machine learning (ML), AI, and big data analytics. These technologies enhance web analytics capabilities, providing deeper insights into consumer behavior and market trends. Also, various governments in the APAC region are promoting digital economy initiatives. Policies supporting digital infrastructure and innovation encourage businesses to invest in web analytics.
- In August 2023, the Ministry of Electronics and Information Technology (MeitY) announced the launch of the 'Digital India' initiative. The program aims to propel India towards a digitally empowered society and a knowledge-based economy. It focuses on ensuring digital access, inclusion, and empowerment, with a critical goal of bridging the digital divide.
- Furthermore, social media's influence in the APAC region is substantial. Web analytics tools measure the impact of social media campaigns, track influencer performance, and understand social media-driven traffic and conversions. According to GSMA, Chinese citizens displayed a solid online presence, having approximately 1.06 billion social media user accounts as of January 2024. India and Indonesia, the second and third-ranking countries for social media, had 462 and 139 million social media user accounts, respectively.
Get Analysis on Important Geographic Markets
Download PDF
Web Analytics Industry Overview
Web Analytics Market in Retail and CPG is fragmented with significant companies like Google LLC, IBM Corporation, Meta, Cloudflare, and many more. The companies continuously invest in strategic collaborations and product developments to gain market share. Some of the recent developments in the market are:
- March 2024 - Google has announced its shift to the new Google Analytics 4. This updated version emphasizes safeguarding consumer privacy and introduces enhanced features for secure data collection from websites and applications. Marketers can now look forward to a more robust platform that ensures sustainable data collection and reporting.
- February 2024 - Wipro Limited announced the launch of the Wipro Enterprise Artificial Intelligence (AI)-Ready Platform, a unique service that allows clients to create enterprise-level, fully integrated, and customized AI environments. The Wipro Enterprise AI-Ready Platform harnesses the IBM Watson AI and data platform, incorporating watsonx.ai, watsonx Data, and watsonx Governance, along with AI assistants. This integration enables clients to embrace AI swiftly. The service boosts operations with a suite of tools and large language models and ensures streamlined processes and robust governance. Moreover, it sets the stage for future industry analytics solutions anchored on watsonx Data and AI.
Web Analytics Market Leaders
-
Google LLC
-
IBM Corporation
-
Meta
-
Cloudflare
-
Adobe
*Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Web Analytics Market News
- April 2024 - IBM Consulting and Microsoft have unveiled the opening of the IBM-Microsoft Experience Zone in Bangalore, India. The Experience Zone is designed as an exclusive venue where clients can delve into the potential of generative AI, hybrid cloud solutions, and other advanced Microsoft offerings. The goal is to expedite their business transformations and secure a competitive edge.
- January 2024 - Microsoft Corp. announced a suite of generative AI and data solutions tailored for retailers. These solutions cover every touchpoint of the retail shopper journey, from crafting personalized shopping experiences and empowering store associates to harness and consolidating retail data, ultimately aiding brands in better connecting with their target audiences. Microsoft's initiatives include introducing copilot templates on Azure OpenAI Service, enhancing retailers' ability to craft personalized shopping experiences, and streamlining store operations. Microsoft Fabric hosts advanced retail data solutions, while Microsoft Dynamics 365 Customer Insights boasts new copilot features. Microsoft also rolled out the Retail Media Creative Studio within the Microsoft Retail Media Platform. These advancements collectively bolster Microsoft Cloud for Retail, providing retailers with diverse tools to integrate copilot experiences across the entire shopper journey seamlessly.
Web Analytics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Growing Demand for Online Shopping Trends
- 4.2.2 Rising Adoption of Analytics Tools to Understand Customer Preferences
- 4.2.3 Increasing Customer Centric Approach and Use of Recommendation Engines
-
4.3 Market Restraints
- 4.3.1 Data Privacy and Security
- 4.3.2 Time Consumption in Implementation
- 4.4 Case Study Analysis
- 4.5 Ecosystem Analysis
-
4.6 Industry Attractiveness - Porter's Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Impact of Key Macroeconomic Trends on the Market
5. MARKET SEGMENTATION
-
5.1 By Offering
- 5.1.1 Solution
- 5.1.2 Services
-
5.2 By Organization Size
- 5.2.1 SMEs
- 5.2.2 Large Enterprises
-
5.3 By Application
- 5.3.1 Search Engine Optimization and Ranking
- 5.3.2 Online Marketing & Marketing Automation
- 5.3.3 Customer Profiling and Feedback
- 5.3.4 Application Performance Management
- 5.3.5 Social Media Management
- 5.3.6 Others
-
5.4 Geography
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
- 6.1.1 Google LLC
- 6.1.2 IBM Corporation
- 6.1.3 Meta
- 6.1.4 Cloudflare
- 6.1.5 Adobe
- 6.1.6 Microsoft
- 6.1.7 Splunk
- 6.1.8 SAS
- 6.1.9 Teradata Corporation
- 6.1.10 Salesforce
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
** Subject To AvailablityWeb Analytics Industry Segmentation
Web analytics in the retail and CPG sectors involves collecting, analyzing, and interpreting data from digital channels. This data helps understand consumer behavior, refine marketing strategies, and boost overall business performance. By leveraging these insights, retailers and CPG firms can optimize customer experiences, drive sales, and streamline operations. Web analytics market in retail and cpg is segmented by offering (solution, services), organization size (SMEs, large enterprises), application (search engine optimization and ranking, online marketing & marketing automation, customer profiling and feedback, application performance management, social media management, and others), and geography. Further, the disturbance of the factors affecting the market's evolution in the near future has been covered in the study regarding drivers and constraints. The market sizes and predictions are provided in terms of value in USD for all the above segments.
| By Offering | Solution |
| Services | |
| By Organization Size | SMEs |
| Large Enterprises | |
| By Application | Search Engine Optimization and Ranking |
| Online Marketing & Marketing Automation | |
| Customer Profiling and Feedback | |
| Application Performance Management | |
| Social Media Management | |
| Others | |
| Geography | North America |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East & Africa |
Need A Different Region Or Segment?
Customize Now
Web Analytics Market Research FAQs
How big is the Web Analytics Market In Retail And CPG Industry?
The Web Analytics Market In Retail And CPG Industry size is expected to reach USD 1.22 billion in 2024 and grow at a CAGR of 18.19% to reach USD 2.80 billion by 2029.
What is the current Web Analytics Market In Retail And CPG Industry size?
In 2024, the Web Analytics Market In Retail And CPG Industry size is expected to reach USD 1.22 billion.
Who are the key players in Web Analytics Market In Retail And CPG Industry?
Google LLC, IBM Corporation, Meta, Cloudflare and Adobe are the major companies operating in the Web Analytics Market In Retail And CPG Industry.
Which is the fastest growing region in Web Analytics Market In Retail And CPG Industry?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Web Analytics Market In Retail And CPG Industry?
In 2024, the Asia Pacific accounts for the largest market share in Web Analytics Market In Retail And CPG Industry.
What years does this Web Analytics Market In Retail And CPG Industry cover, and what was the market size in 2023?
In 2023, the Web Analytics Market In Retail And CPG Industry size was estimated at USD 1.00 billion. The report covers the Web Analytics Market In Retail And CPG Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Web Analytics Market In Retail And CPG Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Web Analytics Industry Report
Statistics for the 2024 Web Analytics In Retail And CPG market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Web Analytics In Retail And CPG analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Web Analytics Market In Retail and CPG Report Snapshots
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
