Conversion Rate Optimization (CRO) Software Market Size and Share Forecast Outlook (2022 to 2032)

Newly released Conversion Rate Optimization Software Market analysis report by Future Market Insights shows that global sales of the Conversion Rate Optimization Software Market in 2021 were held at USD 1.1 Billion.

With 11.6%, the projected market growth from 2022 to 2032 is expected to be significantly higher than the historical growth. The Landing Page Builders type is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 11.3% from 2022 to 2032.

Attributes Details
Global Conversion Rate Optimization Software Market Size (2022) USD 1.2 Billion
Global Conversion Rate Optimization Software Market Size (2032) USD 3.7 Billion
Global Conversion Rate Optimization Software Market CAGR (2022 to 2032) 11.6%
USA Conversion Rate Optimization Software Market Size (2032) USD 1.3 Billion
USA Conversion Rate Optimization Software Market CAGR (2022 to 2032) USD 870 Million
Key Companies Covered Hotjar; Lucky Orange; Optimizely; Crazy Egg; Unbounce; SurveyMonkey; Qeryz; BounceX; Kissmetrics; Wingify

Comparison of CRO Software Revenue (2015 to 2021) vs Forecast to 2032

As per the Conversion Rate Optimization Software Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Conversion Rate Optimization Software Market increased at around 12.5% CAGR.

With increased digitalization comes an increase in the average requirements of the customers for channels like e-commerce. Customers are actively turning to online and mobile channels to make purchases that would not have been made online a few years ago.

The intense emphasis of other advertising strategies on gaining a reputation and visibility distinguishes CRO software from other traditional promotional tools, whereas CROs concentrate solely on aspects that straightforwardly result in a greater return.

CROs are hired to promote sales, build email lists, and build strong customer relationships. CRO procedures have no significant financial or time costs to retain their efficacy.

In contrast to other marketing efforts, CRO software provides a consistent stream of revenue even after the promotion has ended. CRO software provides a better Return on Investment (ROI) as it minimizes marketing costs while increasing focus on potential customers, resulting in a more efficient and cost-effective business that stokes the use of CRO software and pushes Conversion Rate Optimization (CRO) Software’s overall growth.

CRO software system identifies traffic and creates general patterns that aid in identifying users’ purchasing habits and interaction with certain products and services. Customers' needs can thus be identified, which benefits online businesses, media and advertising, tourism, and other businesses.

The increased use of CRO software in e-commerce aids in the maintenance of a database of site visitors and the identification of client needs in the context of product attributes, purchasing categories, and regular users. This increases e-commerce revenue and would support the adoption of CRO software in the coming years.

CRO software also provides a better Return on Investment (ROI) as it reduces advertising expenses and concentrates on target customers. This results in an impactful and cost-effective business, which propels the use of CRO software and thus helps to propel Conversion Rate Optimization (CRO) software growth.

Key Drivers Propelling CRO Software Market Growth

The overall goal of implementing Conversion Rate Optimization Software is to have the maximum possible proportion of visitors on the website or accomplish the requested response.

CRO is experiencing exponential growth as it is observed as a means to maximize profits from sales without increasing the marketing expenditure, but rather by making improvements and allowing for a yet more customer-centric approach.

The increased need to transform web traffic to prospective consumers, the application of software to deliver investment returns, and the reduction of investment spending are the key drivers for the growth of the conversion rate optimization software market. Furthermore, the company's focus on increasing sales and customer participation is catapulting the market and has been further triggering the market growth. Besides this, the upsurge in client demand for online shopping, as well as the availability of technologies such as AI and deep learning, is anticipated to provide the market with financially rewarding growth prospects.

However, if a website has a small number of visitors and few intriguing images to draw customers, CRO software will be of little use. The lack of inferential search engines that assess customer activity may limit the growth of the Conversion Rate Optimization (CRO) software market.

Industries Fueling the Surge in Conversion Rate Optimization Tools

E-commerce is aggressively growing, implying that the sector will expand further in the coming years. The increasing use of CRO software in e-commerce aids in the upkeep of visitor data sets as well as the identification of client needs in the context of product attributes, purchasing categories, and unique visitors. This raises e-commerce revenues and helps promote the use of CRO software in the near future.

Once the information has been analyzed, conversion rate optimization software can constrict what piques the attention of the audience by understanding the market segments by geographical area, maturity level, sex, profession, as well as other variables. This implies that CRO software can customize its content ideas to consumer tastes, thereby increasing conversion rates.

Regional Insights in the CRO Software Market

Which Region is projected to Offer the Largest Opportunity for the Conversion Rate Optimization Software Market?

North America leads the CRO market with over 40% share. The large e-commerce industry in the region has been the key factor propelling CRO software demand in the region.

Country-wise Insights in the Optimization Software Sector

Which Country lies at the Centre Stage for Conversion Rate Optimization Software Market Revenue?

By the end of 2032, the USA is expected to have the largest market share of USD 1.3 Billion. It previously grew at a significant CAGR of 12.5% from 2015 to 2021 and is now expected to grow at a CAGR of 11.4% over the forecasted period.

Category-wise Insights in the CRO Tools Market

Which is the top Type for Conversion Rate Optimization Software providers?

Landing Page Builders commands the largest revenue in the conversion rate optimization software market. The market through this segment is forecasted to grow at a CAGR of 11.3% throughout the forecasted period.

Landing pages are frequently the main hub of compensated online marketing strategies, and considerable money and vast resources are consumed trying to drive visitors to these pages. Since landing pages are designed to convert visitors into customers, improving their performance can result in an enhancement in business outcomes.

Competitive Landscape of the CRO Software Market

Some of the key players in the Conversion Rate Software Market include Hotjar, Lucky Orange, Optimizely, Crazy Egg, Unbounce, SurveyMonkey, Qeryz, BounceX, Kissmetrics, and Wingify.

  • In January 2022, Unbounce announced that it will acquire LeadsRx, an attribution and analytics software provider. With this acquisition, Unbounce will help its SMB clients increase the quality and volume of conversions.

Similarly, recent developments related to companies' Conversion Rate Optimization Software services have been tracked by the team at Future Market Insights, which are available in the full report.

Top Segments Studied in the CRO Software Market Research Report

By Type:

  • Landing Page Builders
  • A/B Testing Software
  • Heat Maps Software
  • Others

By Application:

  • Large Enterprises
  • SMEs

By Region:

  • North America
  • Latin America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Risks and Trends Assessment
  • 4. Market Background and Foundation Data Points
  • 5. Key Success Factors
  • 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
  • 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
  • 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Type
    • 8.1. Landing Page Builders
    • 8.2. A/B Testing Software
    • 8.3. Heat Maps Software
    • 8.4. Others
  • 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
    • 9.1. Large Enterprises
    • 9.2. SMEs
  • 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
    • 10.1. North America
    • 10.2. Latin America
    • 10.3. Europe
    • 10.4. Asia Pacific
    • 10.5. Middle East and Africa (MEA)
  • 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. Hotjar
    • 18.2. Lucky Orange
    • 18.3. Optimizely
    • 18.4. Crazy Egg
    • 18.5. Unbounce
    • 18.6. SurveyMonkey
    • 18.7. Qeryz
    • 18.8. Wunderkind
    • 18.9. Kissmetrics
    • 18.10. Wingify
  • 19. Assumptions and Acronyms Used
  • 20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million), By Type, 2015 to 2021

Table 2: Global Market Value (US$ Million), By Type, 2022 to 2032

Table 3: Global Market Value (US$ Million), By Application, 2015 to 2021

Table 4: Global Market Value (US$ Million), By Application, 2022 to 2032

Table 5: Global Market, By Region, 2015 to 2021

Table 6: Global Market, By Region, 2022 to 2032

Table 7: North America Market Value (US$ Million), By Type, 2015 to 2021

Table 8: North America Market Value (US$ Million), By Type, 2022 to 2032

Table 9: North America Market Value (US$ Million), By Application, 2015 to 2021

Table 10: North America Market Value (US$ Million), By Application, 2022 to 2032

Table 11: North America Market, By Country, 2015 to 2021

Table 12: North America Market, By Country, 2022 to 2032

Table 13: Latin America Market Value (US$ Million), By Type, 2015 to 2021

Table 14: Latin America Market Value (US$ Million), By Type, 2022 to 2032

Table 15: Latin America Market Value (US$ Million), By Application, 2015 to 2021

Table 16: Latin America Market Value (US$ Million), By Application, 2022 to 2032

Table 17: Latin America Market, By Country, 2015 to 2021

Table 18: Latin America Market, By Country, 2022 to 2032

Table 19: Europe Market Value (US$ Million), By Type, 2015 to 2021

Table 20: Europe Market Value (US$ Million), By Type, 2022 to 2032

Table 21: Europe Market Value (US$ Million), By Application, 2015 to 2021

Table 22: Europe Market Value (US$ Million), By Application, 2022 to 2032

Table 23: Europe Market, By Country, 2015 to 2021

Table 24: Europe Market, By Country, 2022 to 2032

Table 25: Asia Pacific Market Value (US$ Million), By Type, 2015 to 2021

Table 26: Asia Pacific Market Value (US$ Million), By Type, 2022 to 2032

Table 27: Asia Pacific Market Value (US$ Million), By Application, 2015 to 2021

Table 28: Asia Pacific Market Value (US$ Million), By Application, 2022 to 2032

Table 29: Asia Pacific Market, By Country, 2015 to 2021

Table 30: Asia Pacific Market, By Country, 2022 to 2032

Table 31: MEA Market Value (US$ Million), By Type, 2015 to 2021

Table 32: MEA Market Value (US$ Million), By Type, 2022 to 2032

Table 33: MEA Market Value (US$ Million), By Application, 2015 to 2021

Table 34: MEA Market Value (US$ Million), By Application, 2022 to 2032

Table 35: MEA Market, By Country, 2015 to 2021

Table 36: MEA Market, By Country, 2022 to 2032

Table 37: Global Market Incremental $ Opportunity, By Type, 2015 to 2021

Table 38: Global Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032

Table 40: North America Market Incremental $ Opportunity, By Type, 2015 to 2021

Table 41: North America Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 43: Latin America Market Incremental $ Opportunity, By Type, 2015 to 2021

Table 44: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 46: Europe Market Incremental $ Opportunity, By Type, 2015 to 2021

Table 47: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 49: Asia Pacific Market Incremental $ Opportunity, By Type, 2015 to 2021

Table 50: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032

Table 52: MEA Market Incremental $ Opportunity, By Type, 2015 to 2021

Table 53: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032

Table 54: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032

List of Figures

Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million

Figure 3: Global Market Share, By Type, 2022 to 2032

Figure 4: Global Market Y-o-Y Growth Projections, By Type - 2022 to 2032

Figure 5: Global Market Attractiveness Index, By Type - 2022 to 2032

Figure 6: Global Market Share, By Application, 2022 to 2032

Figure 7: Global Market Y-o-Y Growth Projections, By Application - 2022 to 2032

Figure 8: Global Market Attractiveness Index, By Application - 2022 to 2032

Figure 9: Global Market Share, By Region, 2022 to 2032

Figure 10: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032

Figure 11: Global Market Attractiveness Index, By Region - 2022 to 2032

Figure 12: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 14: North America Market Share, By Type, 2022 to 2032

Figure 15: North America Market Y-o-Y Growth Projections, By Type - 2022 to 2032

Figure 16: North America Market Attractiveness Index, By Type - 2022 to 2032

Figure 17: North America Market Share, By Application, 2022 to 2032

Figure 18: North America Market Y-o-Y Growth Projections, By Application - 2022 to 2032

Figure 19: North America Market Attractiveness Index, By Application - 2022 to 2032

Figure 20: North America Market Share, By Country, 2022 to 2032

Figure 21: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 22: North America Market Attractiveness Index, By Country - 2022 to 2032

Figure 23: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 25: Latin America Market Share, By Type, 2022 to 2032

Figure 26: Latin America Market Y-o-Y Growth Projections, By Type - 2022 to 2032

Figure 27: Latin America Market Attractiveness Index, By Type - 2022 to 2032

Figure 28: Latin America Market Share, By Application, 2022 to 2032

Figure 29: Latin America Market Y-o-Y Growth Projections, By Application - 2022 to 2032

Figure 30: Latin America Market Attractiveness Index, By Application - 2022 to 2032

Figure 31: Latin America Market Share, By Country, 2022 to 2032

Figure 32: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 33: Latin America Market Attractiveness Index, By Country - 2022 to 2032

Figure 34: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 36: Europe Market Share, By Type, 2022 to 2032

Figure 37: Europe Market Y-o-Y Growth Projections, By Type - 2022 to 2032

Figure 38: Europe Market Attractiveness Index, By Type - 2022 to 2032

Figure 39: Europe Market Share, By Application, 2022 to 2032

Figure 40: Europe Market Y-o-Y Growth Projections, By Application - 2022 to 2032

Figure 41: Europe Market Attractiveness Index, By Application - 2022 to 2032

Figure 42: Europe Market Share, By Country, 2022 to 2032

Figure 43: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 44: Europe Market Attractiveness Index, By Country - 2022 to 2032

Figure 45: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 46: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 47: MEA Market Share, By Type, 2022 to 2032

Figure 48: MEA Market Y-o-Y Growth Projections, By Type - 2022 to 2032

Figure 49: MEA Market Attractiveness Index, By Type - 2022 to 2032

Figure 50: MEA Market Share, By Application, 2022 to 2032

Figure 51: MEA Market Y-o-Y Growth Projections, By Application - 2022 to 2032

Figure 52: MEA Market Attractiveness Index, By Application - 2022 to 2032

Figure 53: MEA Market Share, By Country, 2022 to 2032

Figure 54: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 55: MEA Market Attractiveness Index, By Country - 2022 to 2032

Figure 56: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032

Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million

Figure 58: Asia Pacific Market Share, By Type, 2022 to 2032

Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Type - 2022 to 2032

Figure 60: Asia Pacific Market Attractiveness Index, By Type - 2022 to 2032

Figure 61: Asia Pacific Market Share, By Application, 2022 to 2032

Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Application - 2022 to 2032

Figure 63: Asia Pacific Market Attractiveness Index, By Application - 2022 to 2032

Figure 64: Asia Pacific Market Share, By Country, 2022 to 2032

Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032

Figure 66: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032

Figure 67: US Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 68: US Market Share, By Type, 2021

Figure 69: US Market Share, By Application, 2021

Figure 70: Canada Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 71: Canada Market Share, By Type, 2021

Figure 72: Canada Market Share, By Application, 2021

Figure 73: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 74: Brazil Market Share, By Type, 2021

Figure 75: Brazil Market Share, By Application, 2021

Figure 76: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 77: Mexico Market Share, By Type, 2021

Figure 78: Mexico Market Share, By Application, 2021

Figure 79: Germany Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 80: Germany Market Share, By Type, 2021

Figure 81: Germany Market Share, By Application, 2021

Figure 82: UK Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 83: UK Market Share, By Type, 2021

Figure 84: UK Market Share, By Application, 2021

Figure 85: France Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 86: France Market Share, By Type, 2021

Figure 87: France Market Share, By Application, 2021

Figure 88: Italy Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 89: Italy Market Share, By Type, 2021

Figure 90: Italy Market Share, By Application, 2021

Figure 91: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 92: BENELUX Market Share, By Type, 2021

Figure 93: BENELUX Market Share, By Application, 2021

Figure 94: Nordic Countries Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 95: Nordic Countries Market Share, By Type, 2021

Figure 96: Nordic Countries Market Share, By Application, 2021

Figure 97: China Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 98: China Market Share, By Type, 2021

Figure 99: China Market Share, By Application, 2021

Figure 100: Japan Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 101: Japan Market Share, By Type, 2021

Figure 102: Japan Market Share, By Application, 2021

Figure 103: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 104: South Korea Market Share, By Type, 2021

Figure 105: South Korea Market Share, By Application, 2021

Figure 106: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 107: GCC Countries Market Share, By Type, 2021

Figure 108: GCC Countries Market Share, By Application, 2021

Figure 109: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 110: South Africa Market Share, By Type, 2021

Figure 111: South Africa Market Share, By Application, 2021

Figure 112: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032

Figure 113: Turkey Market Share, By Type, 2021

Figure 114: Turkey Market Share, By Application, 2021

Frequently Asked Questions

How much is the current worth of the Conversion Rate Optimization Software Market?

The global Conversion Rate Optimization Software Market is worth more than USD 1.1 Billion at present.

What is the sales forecast for Conversion Rate Optimization Software Market?

The value of the Conversion Rate Optimization Software Market is projected to increase at a CAGR of around 11.6% from 2022 to 2032.

What was the last 5 year’s market CAGR?

The value of the Conversion Rate Optimization Software Market increased at a CAGR of around 12.8% from 2015 to 2021.

What is a key trend shaping the growth of the market for Conversion Rate Optimization Software Market?

The increased need to transform web traffic to prospective consumers, the application of software to deliver investment return, and the reduction of investment spending are bolstering the market growth.

At what percentage are sales of Conversion Rate Optimization Software Market going to register growth in China?

The market for Conversion Rate Optimization Software Market in China is projected to expand at a CAGR of around 11.1% from 2022 to 2032.

What do statistics for South Korea and Japan reveal?

While the market in South Korea is expected to grow at nearly 10%, the market in Japan is projected to register a CAGR of nearly 10.1% from 2022 to 2032.

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Conversion Rate Optimization Software Market