PUBLISHER: The Business Research Company | PRODUCT CODE: 1704340
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704340
Feedback and review management software are digital solutions tailored to collect, analyze, and respond to customer feedback and reviews across diverse online platforms. These tools empower businesses to monitor customer sentiment, extract actionable insights, and interact with customers to enhance their experiences and reputation.
The primary types of feedback and review management software comprise customer, employee, and client feedback management systems. Customer feedback management pertains to individuals or entities purchasing goods or services from a business. These software applications are available in various deployment modes, including cloud-based and on-premise solutions, catering to both large enterprises and small and medium-sized enterprises (SMEs). They find utility across numerous industry verticals, including banking, financial services, and insurance (BFSI), government and public sectors, retail and e-commerce, travel and hospitality, education, healthcare and life sciences, IT and telecom, among others.
The feedback and reviews management software market research report is one of a series of new reports from The Business Research Company that provides feedback and reviews management software market statistics, including the feedback and reviews management software industry global market size, regional shares, competitors with feedback and reviews management software market share, detailed feedback and reviews management software market segments, market trends, and opportunities, and any further data you may need to thrive in the feedback and reviews management software industry. This feedback and reviews management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The feedback and reviews management software market size has grown rapidly in recent years. It will grow from $14.32 billion in 2024 to $16.8 billion in 2025 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to the rise of online review platforms, growth in recognition of the importance of reputation management for businesses across various industries, rise in demand for software solutions that facilitate customer engagement, increase in competition, and rise in compliance with regulations and standards.
The feedback and reviews management software market size is expected to see rapid growth in the next few years. It will grow to $31.5 billion in 2029 at a compound annual growth rate (CAGR) of 17.0%. The growth in the forecast period can be attributed to the expansion of omnichannel feedback collection methods, increasing emphasis on real-time feedback collection and analysis, rise in demand for actionable insights, increasing focus on personalization in customer experiences, and rise in emphasis on reputation monitoring and management. Major trends in the forecast period include the adoption of AI and ML technologies, the adoption of real-time feedback analysis capabilities, integration with customer relationship management (CRM) and customer experience (CX) platforms, and focus on personalization in customer experiences.
The rapid expansion of the e-commerce industry is expected to drive the growth of the feedback and reviews management software market in the foreseeable future. The e-commerce sector encompasses commercial transactions conducted electronically, primarily over the Internet. This expansion is fueled by increasing Internet penetration, evolving consumer preferences, and the globalization of markets. Feedback and review management software enriches online and e-commerce platforms by offering businesses valuable insights into customer satisfaction, enabling them to enhance products, services, and the overall user experience. For example, in February 2024, according to the United States Census Bureau, total US e-commerce sales in 2023 reached an estimated $1,118.7 billion, marking a significant increase of 7.6% (+-1.2%) compared to 2022 figures. Additionally, e-commerce sales in the US accounted for 15.4% of total sales in 2023, up from 14.7% in 2022. Hence, the expansion of the e-commerce industry is a driving force behind the growth of the feedback and reviews management software market.
Key players in the feedback and reviews management software market are concentrating on developing advanced technological solutions, such as online review management platforms, to bolster their presence and revenues in the market. An online review management platform is a software solution tailored to assist businesses in monitoring, managing, and responding to customer reviews and feedback across various online platforms and review websites. For instance, in May 2024, GINIX, a UK-based provider of online review management solutions, introduced its innovative online review management platform specifically tailored for IT companies. GINIX offers a comprehensive suite of technologies enabling IT organizations to actively manage their online reputations through effective monitoring, analysis, and interaction techniques. This cutting-edge software ensures businesses respond promptly to new evaluations, fostering positive feedback while providing precise statistics to surpass competitors.
In May 2022, DISQO Inc., a US-based customer experience (CX) platform company, acquired Feedback Loop Inc. for an undisclosed sum. This acquisition is aimed at enhancing DISQO's customer experience platform by integrating Feedback Loop's agile consumer feedback technology. It enables DISQO to provide swift and seamless consumer feedback solutions for product and marketing professionals, from early-stage discovery to ideation and design. Feedback Loop Inc. specializes in providing software solutions for managing customer feedback, product concept testing, and review management.
Major companies operating in the feedback and reviews management software market are Qualtrics International Inc., Yext Inc., Semrush Holdings Inc., Birdeye Inc., Trustpilot Group plc, Podium Corporation Inc., Reputation.com Inc., eKomi Holding GmbH, TrustRadius Inc., ReviewTrackers Inc., Listen360 Inc., CustomerGauge B.V., BrightLocal Services Ltd., PeerSpot Technologies, Customer Thermometer Ltd., Loopon AB, NiceJob Inc., ReviewPush, Grade.us LLC, ReputationStacker, Capterra Inc., ResellerRatings.com, Review Inc., BlueJay Reviews, Rize Reviews
North America was the largest region in the feedback and reviews management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the feedback and reviews management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the feedback and reviews management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The feedback and review management software market includes revenues earned by entities by providing services such as sentiment analysis, reporting and analytics, moderation and filtering, and feedback collection. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Feedback And Reviews Management Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on feedback and reviews management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for feedback and reviews management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The feedback and reviews management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.