AB Testing Tools Market Report 2024 (Global Edition)

Global AB Testing Tools Market Report 2024 Market Size Split by Component (Tools, Services), by End Users (Agencies, E-Commerce, Lead Generation, Others), by Deployment (Cloud, On-Premise)

AB Testing Tools Market Report Description

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Competitive Landscape of the AB Testing Tools Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

AB Testing Tools Industry News

In June 2019, The platform Optimizely, which provides tools for A/B testing and personalization in mobile apps and on the web, said today that it had raised $105 million in total. This comprises a $55 million line of credit from Bridge Bank and a $50 million Series D investment managed by Goldman Sachs Private Capital with participation from Accenture Ventures. 

(Source: https://techcrunch.com/2019/06/18/optimizely-raises-50m-series-d-round-for-its-experimentation-platform/#:~:text=Optimizely%20raises%20%2450M%20Series%20D%20round%20for%20its%20experimentation%20platform,-Frederic%20Lardinois%40fredericl&text=Optimizely%2C%20a%20platform%20that%20offers,a%20total%20of%20%24105%20million.)

Top Companies Market Share in AB Testing Tools Industry: (In no particular order of Rank)

• Rock Content (ion)
• Landingi
• Optimizely
• Unbounce
• SiteSpect
• Adobe
• Qubit
• Kameleoon
• NotifyVisitors
• Leanplum
• Evergage
• Freshmarketer
• Evolv Ascend
• AB Tasty
• Dynamic Yield
• Crazy Egg
• Webtrends Optimize
• Convert
• Oracle
• Instapage
• Kibo (Monetate)
• VWO
• Omniconvert
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Restraint Factors of AB Testing Tools Market

Which Region Will Dominate the AB Testing Tools Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The market for AB Testing Software is mostly consumed in North America because of the region's growing demand for AB Testing Software across many countries and the rise in the number of small and medium-sized companies (SMEs) in this market. The presence of significant market participants and rising demand for data entry methods that monitor and control is expected to propel North America's market to significant growth in the global AB Testing Software Market over the forecast period.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in sales. The industry is also driven by the growing number of companies in the area who want to maximize their client experience by using A/B testing. This is because companies can use A/B testing to find areas for improvement and make website and app modifications that will increase user satisfaction. The desire to maximize consumer experience, the availability of customized tools, and the rising need for digital marketing solutions are all contributing to the rapid expansion of the A/B Testing Tools market in the Asian region.

The current report Scope analyzes AB Testing Tools Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America AB Testing Tools Market

According to Cognitive Market Research, the global AB testing tools market size was estimated at USD 850.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 340.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031. This is because firms must maximize their online presence, and there is a growing need for digital marketing solutions. The demand for A/B testing tools is driven by the presence of some of the region's biggest tech companies in the world. A further factor driving the industry is the growing ubiquity of cloud-based solutions. This increases the accessibility and affordability of A/B testing tools for organizations by enabling them to be used anywhere in the world. Additionally, as companies strive to optimize their client journeys, the growing emphasis on the customer experience is fueling the demand for A/B testing solutions.

• According to Cognitive Market Research, the US had a major share in the AB testing tools market with a size of USD 268.32 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. The US is a major hub for digital marketing, and businesses increasingly recognize the importance of optimizing their websites and applications for better conversion rates.
• The Canada AB testing tools market had a market share of USD 40.81 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Canadian businesses increasingly recognize the importance of AB testing in improving their online presence and driving sales.
• The Mexico AB testing tools market is projected to grow at a CAGR of 12.7% during the forecast period, with a market size of USD 30.95 million in 2024.

Europe AB Testing Tools Market

According to Cognitive Market Research, with a market value of USD 850.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 255.06 million. This is because firms must maximize their online presence, and there is a growing need for digital marketing solutions. The high rate of internet penetration in the area and the accessibility of sophisticated analytics tools are also propelling market expansion. The growing use of cloud-based solutions, which are more affordable and simpler to implement than traditional solutions, is another factor propelling the market. Moreover, the market is expanding due to the growing need for mobile-friendly solutions.

• The United Kingdom AB testing tools market had a market share of USD 42.85 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. UK businesses increasingly recognize the importance of providing a positive customer experience.
• The France AB testing tools market is projected to grow at a CAGR of 11.7% during the forecast period, with a market size of USD 23.47 million in 2024.
• According to Cognitive Market Research, the Germany AB testing tools market size was valued at USD 50.50 million in 2024 and is projected to grow at a CAGR of 12.7% during the forecast period. German businesses are becoming more data-driven in their marketing strategies. AB testing tools provide valuable data and insights that can be used to optimize marketing campaigns and improve ROI.
• The Italy AB testing tools market is projected to grow at a CAGR of 11.9% during the forecast period, with a market size of USD 21.94 million in 2024.
• The Russia AB testing tools market is projected to grow at a CAGR of 11.5% during the forecast period, with a market size of USD 39.53 million in 2024.
• The Spain AB testing tools market is projected to grow at a CAGR of 11.6% during the forecast period, with a market size of USD 20.91 million in 2024.
• The Luxembourg AB testing tools market is projected to grow at a CAGR of 12.6% during the forecast period, with a market size of USD 7.91 million in 2024.
• The Portugal AB testing tools market is projected to grow at a CAGR of 12.3% during the forecast period, with a market size of USD 5.36 million in 2024.
• The Greece AB testing tools market is projected to grow at a CAGR of 12.8% during the forecast period with a market size of USD 3.06 million in 2024.
• The rest of the Europe AB testing tools market is projected to grow at a CAGR of 11.2% during the forecast period, with a market size of USD 39.53 million in 2024.

 

Asia Pacific AB Testing Tools Market

According to Cognitive Market Research, the global AB testing tools market size was estimated at USD 850.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 195.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031. This results from the increasing number of companies in the area aiming to maximize their return on investment and optimize their internet presence. The growing availability of A/B testing solutions designed specifically for the Asian market is another factor propelling the industry. These tools are made to assist companies in evaluating the effectiveness of their campaigns in a timely and accurate manner and informing their marketing strategy decisions. The desire to maximize consumer experience, the availability of customized tools, and the rising need for digital marketing solutions are all contributing to the rapid expansion of the A/B Testing Tools market in the Asian region.

• According to Cognitive Market Research, the China AB testing tools market size was valued at USD 88.00 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. China has a massive and rapidly growing e-commerce market. As businesses compete for customers online, they increasingly turn to AB testing tools to optimize their websites and mobile apps for conversions.
• The Japan AB testing tools market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 26.99 million in 2024.
• The India AB testing tools market had a market share of USD 23.47 million in 2024 and is projected to grow at a CAGR of 17.8% during the forecast period. Businesses in India increasingly recognize the value of data in making informed decisions.
• The South Korea AB testing tools market is projected to grow at a CAGR of 15.1% during the forecast period, with a market size of USD 19.55 million in 2024.
• The Australia AB testing tools market is projected to grow at a CAGR of 15.7% during the forecast period, with a market size of USD 10.17 million in 2024.
• The South East Asia AB testing tools market is projected to grow at a CAGR of 17.0% during the forecast period, with a market size of USD 13.49 million in 2024.
• The Rest of the Asia Pacific AB testing tools market is projected to grow at a CAGR of 15.8% during the forecast period with a market size of USD 13.88 million in 2024.

 

South America AB Testing Tools Market

According to Cognitive Market Research, the global AB testing tools market size was estimated at USD 850.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 42.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031. This is because there is a growing desire to optimize the customer experience and for digital marketing solutions. Due to the abundance of tech-savvy consumers in the area, there is a growing need for A/B testing solutions. The market in Latin America is also profiting from the growing use of cloud-based technologies. This makes it simpler for companies to evaluate and improve their digital marketing campaigns by giving them access to A/B testing tools from anywhere globally.

• According to Cognitive Market Research, the Brazil AB testing tools market size was valued at USD 18.19 million in 2024 and is projected to grow at a CAGR of 14.0% during the forecast period. Brazil's e-commerce sector is flourishing, and businesses constantly seek ways to improve customer experience and conversion rates.
• The Argentina AB testing tools market had a share of USD 7.14 million in 2024 and is projected to grow at a CAGR of 14.3% during the forecast period. Argentina businesses are becoming more focused on providing a positive customer experience.
• The Colombia AB testing tools market is projected to grow at a CAGR of 13.2% during the forecast period, with a market size of USD 3.78 million in 2024.
• The Peru AB testing tools market is projected to grow at a CAGR of 13.6% during the forecast period, with a market size of USD 3.49 million in 2024.
• The Chile AB testing tools market is projected to grow at a CAGR of 13.7% during the forecast period with a market size of USD 3.06 million in 2024.
• The Rest of the Latin America AB testing tools market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 6.84 million in 2024.

Middle East and Africa AB Testing Tools Market

According to Cognitive Market Research, the global AB testing tools market size was estimated at USD 850.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 17.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031. This is because there is a growing desire to optimize the customer experience and for digital marketing solutions. A/B testing tools are becoming increasingly in demand due to the region's explosion in startups and SMEs. The demand for A/B testing solutions is being driven by the high number of tech-savvy consumers in the Middle East. A/B testing tools are being used by many digital marketing businesses in the region to optimize their efforts.

• According to Cognitive Market Research, the GCC Countries AB testing tools market size was valued at USD 7.28 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. Businesses in the GCC are rapidly adopting digital transformation strategies, leading to a rise in website traffic, mobile app usage, and e-commerce activities.
• The Egypt AB testing tools market is projected to grow at a CAGR of 14.0% during the forecast period, with a market size of USD 1.79 million in 2024.
• The South Africa AB testing tools market is projected to grow at a CAGR of 14.7% during the forecast period, with a market size of USD 2.69 million in 2024. Mobile internet penetration is growing rapidly in South Africa. This means businesses must ensure their websites and apps are optimized for mobile devices.
• The Turkey AB testing tools market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 1.46 million in 2024.
• The Nigeria AB testing tools market is projected to grow at a CAGR of 12.8% during the forecast period, with a market size of USD 1.79 million in 2024.
• The Rest of the MEA AB testing tools market is projected to grow at a CAGR of 12.7% during the forecast period with a market size of USD 2.01 million in 2024.

 

AB Testing Tools Market Analysis

AB Testing Tools Component Segment Analysis

According to Cognitive Market Research, tools held the major market share over the forecast period. Multivariate A/B testing tools can simultaneously evaluate several aspects of a website or application by evaluating many variable combinations and measuring the results. Multivariate A/B testing frequently uses variables such as graphics, colors, navigation elements, button colors, and more in addition to user experience components. The optimum potential variable combination uses advanced analytics and optimization to produce desired outcomes, including higher conversion rates.

Services is the fastest-growing category over the forecast period. Apart from the instruments per se, the market for AB testing services is also expanding. These services can assist companies with all operations, from configuring and executing AB tests to deriving conclusions and offering suggestions. Businesses may enhance the outcomes of their AB tests with the insights and suggestions that AB testing services can offer.

• Tools
• Services

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of AB Testing Tools Industry. Request a Free Sample PDF!

AB Testing Tools End Users Segment Analysis

According to Cognitive Market Research, e-commerce holds a prominent market share. Tools for AB testing and e-commerce go hand in hand. E-commerce companies can test multiple iterations of their website or app using A/B testing to determine which ones convert better. This may result in higher revenue, happier clients, and a more successful company.

Lead generation is the fastest-growing category over the forecast period. The market for AB testing tools is expanding as more and more companies realize how important data-driven decision-making is. Businesses can compare two iterations of a website, marketing campaign, or other digital asset using A/B testing to see which generates more leads or other important metrics more effectively. One effective technique for lead creation is A/B testing. Businesses may generate more leads and turn them into customers by continuously testing and refining their marketing materials and website.

• Agencies
• E-Commerce
• Lead Generation
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

AB Testing Tools Deployment Segment Analysis

According to cognitive market research, cloud-based holds a prominent market share. Developers now have a straightforward way to set up, conduct, and evaluate the outcomes of A/B testing studies with cloud-based tools. It accomplishes this by providing a range of cloud-based features that enable high-throughput experimentation without consuming local computer resources. Additionally, cloud-based A/B testing tools facilitate optimization by giving developers fast access to user preferences and behavior data.

On-premise is the fastest-growing category over the forecast period. Locally installed programs known as "on-premise A/B testing tools" enable users to conduct comprehensive analytics and experimentation with their website or application. On-premise A/B testing tools offer more control, better privacy, and complete control over the data that is acquired by the user, in contrast to cloud-based tools. On-premise A/B testing technologies offer full ownership of the data, faster test execution, and lower latency in exchange for a potentially large upfront investment and lengthy setup time.

• Cloud
• On-Premise

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion