AIMultiple ResearchAIMultiple Research

20+ Online Survey Statistics from Reputable Sources in 2024

Written by
Cem Dilmegani
Cem Dilmegani
Cem Dilmegani

Cem is the principal analyst at AIMultiple since 2017. AIMultiple informs hundreds of thousands of businesses (as per Similarweb) including 60% of Fortune 500 every month.

Cem's work focuses on how enterprises can leverage new technologies in AI, automation, cybersecurity(including network security, application security), data collection including web data collection and process intelligence.

View Full Profile

Research shows that there are another 26 dissatisfied customers for every satisfied customer, and companies can only hear from 4% of their customers’ complaints.1 That’s why companies benefit from online surveys to observe:

  • The success of their products or services.
  • Effect of their marketing strategies.

Overall, online surveying helps companies understand the trends in the market and customers’ needs. That’s why understanding its scope is crucial in implementing it in your research practices.

To give an idea regarding the effectiveness of surveys, Here we review the statistics regarding

  • Market size,
  • Effect of the region,
  • And the effect of incentivizing participants on the quality of the survey.

If you are looking for a survey tool, check our our vendor selection guide.

Market size

​​1- The market research services industry is estimated to be worth $84 billion in 2023, and it is expected to exceed $90 billion in 2025.2

2- Online survey software market is expected to reach almost $5 billion by 2026.3

3- Based on our data-driven research, we have found that survey tools were searched 132k times in 2021 on search engines, x17 times more than other product-based solutions in the market.

4- Most applications of online survey software are market research, retail, financial services, healthcare, and manufacturing.4

Regional statistics

5- The average response rates of web-based surveys are as follows:5

The US: 46%

UK: 36%

The Netherlands: 33%

6- Research shows that almost 55% of Internet users live in the Asia Pacific region, followed by June 2022, which is the fastest-growing region and can be a great opportunity to understand the market and the customers’ needs.6

7- The largest market in 2021 for online survey services is North America.7

8- In the U.S., the largest portion of research financing based on methods goes to quantitative research, representing 59%, while reporting receives 24%, and qualitative research makes up 18%.8

Check out the challenges of conducting online surveys and our solutions.

9- In the 2022 worldwide market research sector, 36% of firms used social media analytics, and 28% regularly employed mobile-first surveys.9

10- 40% of marketing professionals believe that in ten years’ time, AI will possess the capability to understand survey data as effectively as human analysts.10

Check out our article on how ChatGPT help creating surveys for market researchers.

Survey participants

11- The most common challenges of conducting surveys related to the survey participants are response bias, low response rates, sampling error, data quality, and non-response.

To learn more about survey participant recruitment, check out our article.

12- A high quantity of survey participants does not necessarily translate to superior data quality.

13- Research demonstrates that, in the absence of incentives, 60% of people answer questions indifferently or arbitrarily.

14- Incentivizing people with vouchers can increase the response rate by 7% without any decrease in data quality.11

15- However, according to additional research, individuals in the high-pay condition were more motivated to attempt to complete the survey than those in the low-pay condition.12

16- According to a study, inquiries regarding one’s financial situation and contact information, such as phone numbers, are the most delicate.

17- People increasingly hesitate to respond as the question’s sensitivity rises in a survey.

18- Studies indicate that 95% of B2B enterprises utilize surveys to assess customer opinions and feedback.

19- ~90% of businesses claim to consider their customers’ feedback when creating new products.

Customer Reviews

20- Our research showed that while describing survey recruitment services, 17% of customers used the word “easy to use.”

21- While 31% of respondents give affective reactions to traditional online surveys with Likert scales, surveys powered by game mechanics (i.e., gamification) get reactions from 69% of respondents.13

For those interested, here is our data-driven list of survey participant recruitment services and survey tools.

Here is also our data-driven list of market research tools.

Further Reading

If you need any assistance, do not hesitate to contact us:

Find the Right Vendors
Access Cem's 2 decades of B2B tech experience as a tech consultant, enterprise leader, startup entrepreneur & industry analyst. Leverage insights informing top Fortune 500 every month.
Cem Dilmegani
Principal Analyst
Follow on
Cem Dilmegani
Principal Analyst

Cem is the principal analyst at AIMultiple since 2017. AIMultiple informs hundreds of thousands of businesses (as per Similarweb) including 60% of Fortune 500 every month.

Cem's work focuses on how enterprises can leverage new technologies in AI, automation, cybersecurity(including network security, application security), data collection including web data collection and process intelligence.

Cem's work has been cited by leading global publications including Business Insider, Forbes, Washington Post, global firms like Deloitte, HPE, NGOs like World Economic Forum and supranational organizations like European Commission. You can see more reputable companies and media that referenced AIMultiple.

Cem's hands-on enterprise software experience contributes to the insights that he generates. He oversees AIMultiple benchmarks in dynamic application security testing (DAST), data loss prevention (DLP), email marketing and web data collection. Other AIMultiple industry analysts and tech team support Cem in designing, running and evaluating benchmarks.

Throughout his career, Cem served as a tech consultant, tech buyer and tech entrepreneur. He advised enterprises on their technology decisions at McKinsey & Company and Altman Solon for more than a decade. He also published a McKinsey report on digitalization.

He led technology strategy and procurement of a telco while reporting to the CEO. He has also led commercial growth of deep tech company Hypatos that reached a 7 digit annual recurring revenue and a 9 digit valuation from 0 within 2 years. Cem's work in Hypatos was covered by leading technology publications like TechCrunch and Business Insider.

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

Sources:

AIMultiple.com Traffic Analytics, Ranking & Audience, Similarweb.
Why Microsoft, IBM, and Google Are Ramping up Efforts on AI Ethics, Business Insider.
Microsoft invests $1 billion in OpenAI to pursue artificial intelligence that’s smarter than we are, Washington Post.
Data management barriers to AI success, Deloitte.
Empowering AI Leadership: AI C-Suite Toolkit, World Economic Forum.
Science, Research and Innovation Performance of the EU, European Commission.
Public-sector digitization: The trillion-dollar challenge, McKinsey & Company.
Hypatos gets $11.8M for a deep learning approach to document processing, TechCrunch.
We got an exclusive look at the pitch deck AI startup Hypatos used to raise $11 million, Business Insider.

To stay up-to-date on B2B tech & accelerate your enterprise:

Follow on

Next to Read

Comments

Your email address will not be published. All fields are required.

0 Comments