PUNE, India, Sept. 05, 2022 (GLOBE NEWSWIRE) — The global market size for competitive intelligence tools is expected to reach USD 82.0 million by 2027, growing at a CAGR of 10.3% over the forecast period [2022 – 2027]. Digital transformation coupled with heavy investment in analytics by businesses can have an incredible impact on the global market, according to Fortune Business Insights in a report titled “Competitive Intelligence Tools Market SizeShare & COVID-19 Impact Analysis, By Type, By Application, and Regional Forecast, 2020-2027.” The market size was $37.6 million in 2019.
Key development:
- April 2019: Digimind, Inc. announced a strategic partnership with the creators of Corpus Intelligence, TrustedOut. Through the collaboration, the companies intend to provide the media database of business intelligence analysts, public relations professionals and brand safety managers. We also offer web crawling, machine learning, microservices and big data to reduce human limitations.
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Report scope:
| report coverage | details |
| forecast period | 2022-2027 |
| Forecast period 2022 to 2027 CAGR | 10.3% |
| Value prognosis 2027 | $82.0 billion |
| base year | 2019 |
| Market size in 2019 | $37.6 billion |
| Historical data for | 2016-2018 |
| number of pages | 120 |
| segments covered | Type; Application; & Regional |
| growth accelerator | Integration of artificial intelligence (AI) into competitive intelligence tools to increase market potential. |
| Incorrect data can mislead companies and likely hamper market growth |
Market Drivers:
Integrate AI to drive excellence in market openings
Increasing focus on IT-integrated tools among organizations will fuel the growth of the market in the coming years. Businesses are integrating AI capabilities alongside intelligence tools to gain real-time insights into competitors and business trends. In addition, the integration of AI …
