The world of analytics has changed for the better in the past few years, and 2022 is even brighter. Product analytics is designed to help companies understand how their products are being used, which features are most popular, who are the most engaged users, and where users are leaving. It can be used to answer questions about how to use new features to identify users at risk of abandonment.
The global product analytics market is expected to reach $29.7 billion by 2027, and the market will grow at a CAGR of 20% during the forecast period. This high rate of growth is driven by the need for businesses of all sizes to understand customer behavior and drive greater growth from data. The future of product analytics is exciting, as it can change the way businesses operate. With the right product analytics tools, companies can make real-time decisions about their product development process based on always up-to-date data.
This will lead to faster product development cycles and more effective product strategies. Product analysis also allows companies to track the impact of their product strategy on their bottom line. With this information, companies can fine-tune their product strategy to maximize ROI. The possibilities are endless, and the future of product analytics looks very bright.
For more information on the topic, join "The Future of Product Analytics for Business 2.0," hosted by Group Futurista on May 18, 2023. This is an informative virtual summit rich with snippets of information, narration, and famous speakers who will come together to share their views on the future of the central node.
Topics We Cover
CIOs, CTOs, CXOs, VPs, Directors, Heads, Managers & Specialists of -
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