Analytics Market Projected to More than Double by 2019

Peter Devereaux
by Peter Devereaux 15 Aug, 2014
Analytics Market Projected to More than Double by 2019

Analytics are among the most important tools on the Web.

 

Without them, businesses of all sizes would have no insight as to how their products and services were selling, how many people interacted with advertisements or even how many people visited their sites. 

 

MarketsandMarkets has announced the release of a new study that details the expanding market of Web analytics today and where it is headed in the future.

 

The report, titled "Web Analytics Market by Solution & Services - Worldwide Forecasts," states that the market will rise from $1.33 billion in 2014 to $3.09 billion in 2019 at a compound annual growth rate (CAGR) of 18.3 percent.

 

Another interesting finding in the report is that not only does North American account for the largest market share compared to all other regions in 2014 but it is expected to be the largest market in terms of revenue contribution in 2019.

 

The report lists Adobe Systems, Google, Splunk and Yahoo among the major suppliers of Web analytics.

 
Peter Devereaux
Peter Devereaux
As the Editor-in-Chief of Website Magazine and President of Website Services, Peter has established himself as a prominent figure in the digital marketing industry. With a wealth of experience and knowledge, Peter has been a driving force in shaping the landscape of digital marketing. His leadership in creating innovative and targeted marketing campaigns has helped numerous businesses achieve their revenue growth goals. Under his direction, Website Magazine has become a trusted source of information and insights for digital marketers worldwide. As President of Website Services, Peter oversees a team of talented professionals who specialize in SEO/SEM, email marketing, social media, and digital advertising. Through his hands-on approach, he ensures that his team delivers exceptional results to their clients. With a passion for digital marketing, Peter is committed to staying up-to-date with the latest industry trends and technologies, making him a sought-after thought leader in the field.