Infoholic’s market research report on Customer Journey Analytics Market business opportunity, and growth predicts that the global customer journey analytics market will grow at a CAGR of 21.6% during the forecast period. The market for customer journey analytics is driven by increasing demand for offering personalized experiences to customers, understanding the journey from the customer perspective, knowing about the conversion rate, and creating a long-term, healthy, & profitable relationship with customers. In terms of verticals analysis, the retail market is expected to grow at the highest rate for driving profitability, soothing customer concerns with seamless omnichannel experience, and enhancing loyalty program. For creating a long-term, healthy, and profitable relationship with customers, more and more companies are adopting customer journey analytics solutions.
As per the article published in India.com, 2020 India Ideas Summit hosted by the US-India Business Council (USIBC) and invited global investment in the key sectors of India’s economy fastest booming Technology industry focusing on Data Analytics and AI driven technologies and the range of other frontier technology segments.
According to a recent research report by Analytics India Magazine Research the Indian Computer Vision market is valued at $2.46 Bn as of July 2020. The report titled, State of Computer Vision in India – 2020, takes a deep dive into the computer vision market as it emerges as a priority Data Science technology across Enterprises and Industries in India. The market size in relation to the types of companies is the highest across the MNC Technology category, which includes high-end Software and Hardware Technology firms, IT Services firms, Semiconductor firms, and Electronics firms. Similarly, for the market break-down by Industries or Sectors, the IT Services sector has the highest share of the CV market, followed by the Software & Hardware Technology sector, and then the Semiconductor & Electronics sector.