Multiexperience Development Platforms Market size to grow at a CAGR of 21.9% from 2022 to 2027: Growing penetration of cloud computing to drive the market growth -Technavio

NEW YORK, June 29, 2023 /PRNewswire/ -- The multi-experience development platforms market size is estimated to grow by USD 4,670.38 million from 2022 to 2027. The growth momentum will progress at a CAGR of 21.9%  during the forecast period. Discover IT Consulting & Other Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The multiexperience development platforms market covers the following areas:

• Multiexperience Development Platforms Market Sizing
• Multiexperience Development Platforms Market Forecast
• Multiexperience Development Platforms Market Analysis

Multiexperience Development Platforms (MXDP) Market - Vendor Landscape

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. The multiexperience development platforms market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Vendor Offerings

• Alphabet Inc. - The company offers Multiexperience Development Platforms called Google Workshop for connecting and collaborating with organizations.
• Cisco Systems Inc. - The company offers Multiexperience Development Platforms called Webex Suite through a contact center, CPaaS, and headsets.
• Amazon.com Inc. - The company offers Multiexperience Development Platforms called Amazon Connect through omnichannel customer experience, agent productivity, and a cloud contact center.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes

Multiexperience Development Platforms (MXDP) Market  - Key Market Segmentation

Technavio segmented this market by End-user (IT and telecom, Manufacturing, Healthcare, BFSI, and Others), Deployment (Cloud-based and On-premise), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

• The market share growth by the IT and telecom segment will be significant for market growth during the forecast period. The ongoing business transformation in the IT and telecom industry, where business processes are being digitized through operational efficiency and process optimization are the factors driving the segment growth. Hence, such factors boost the segment growth during the forecast period.

View Sample Report in minutes for more highlights into the market segments.

Multiexperience Development Platforms (MXDP) Market  - Regional Market Outlook

• North America is estimated to account for 31% of the growth of the global market during the forecast period. The rising need for efficiency and transparency in business processes due to digital transformation is also driving the adoption of multi-experience development platforms in the region. Furthermore, healthcare organizations are turning to cloud-based solutions to address complex regulatory issues such as the data explosion from the General Data Protection Regulation and Digital Transformation Initiatives. Hence, such factors boost the regional market growth during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report
 

Companies Mentioned

• Alphabet Inc.
• Amazon.com Inc.
• Appian Corp.
• Cisco Systems Inc.
• Convertigo SA
• Globant SA
• International Business Machines Corp.
• Microsoft Corp.
• Neutrinos
• Oracle Corp.
• OutSystems Software em Rede SA
• Pegasystems Inc.
• Progress Software Corp.
• Salesforce Inc.
• SAP SE
• ServiceNow Inc.
• Siemens AG
• Temenos Headquarters SA
• Tencent Holdings Ltd.
• Zoho Corp. Pvt. Ltd.

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Multiexperience Development Platforms Market – Market Dynamics

Key Drivers - 

The growing penetration of cloud computing is driving the market growth. Furthermore, the proliferation of the cloud phenomenon is driving the adoption and proliferation of multi-experience application development platforms and integrated systems across all industries due to the cost-effectiveness, flexibility, agility, speed, and simplicity inherent in managing cloud-delivered applications.

Major Trends - 

Application integration for the mobile device platform is identified as an emerging trend shaping the multiexperience development platforms market. The adoption of home office policies that allow access to work via virtual desktop infrastructure has become widespread over time. Due to the advent of multi-experience development platforms, the integration of data and applications can become more intuitive and accessible across devices and platforms, providing users with a secure and integrated experience. Hence, such trends boost the market growth during the forecast period.

Key Challenges - 

Data privacy and security concerns challenge the growth of the multiexperience development platforms during the forecast period. Various enterprise organizations prefer cloud-based solutions over on-premises solutions because they are more cost-effective and accessible. Thus, cost-effective cloud-based solutions and agility are ideal for businesses with limited budgets and expertise. Additionally, the advantages of cloud-based solutions include simplified management of software maintenance and upgrades, low up-front costs, effective security, high reliability, and integration capabilities to fill functional gaps in existing systems and processes. But organizations transfer data and information to the cloud only if the services are reliable and secure. Hence, such challenges impede market growth during the forecast period.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global multiexperience development platforms market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global multiexperience development platforms market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Deployment Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 IT and telecom - Market size and forecast 2022-2027
• Exhibit 34: Chart on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on IT and telecom - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on IT and telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on IT and telecom - Year-over-year growth 2022-2027 (%)

• 6.4 Manufacturing - Market size and forecast 2022-2027
• Exhibit 38: Chart on Manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)

• 6.5 Healthcare - Market size and forecast 2022-2027
• Exhibit 42: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 6.6 BFSI - Market size and forecast 2022-2027
• Exhibit 46: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on BFSI - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user ($ million)
• Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Deployment

• 7.1 Market segments 
• Exhibit 56: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 58: Chart on Comparison by Deployment
• Exhibit 59: Data Table on Comparison by Deployment

• 7.3 Cloud-based - Market size and forecast 2022-2027
• Exhibit 60: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 7.4 On-premise - Market size and forecast 2022-2027
• Exhibit 64: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 68: Market opportunity by Deployment ($ million)
• Exhibit 69: Data Table on Market opportunity by Deployment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Alphabet Inc. 
• Exhibit 123: Alphabet Inc. - Overview
• Exhibit 124: Alphabet Inc. - Business segments
• Exhibit 125: Alphabet Inc. - Key news
• Exhibit 126: Alphabet Inc. - Key offerings
• Exhibit 127: Alphabet Inc. - Segment focus

• 12.4 Amazon.com Inc. 
• Exhibit 128: Amazon.com Inc. - Overview
• Exhibit 129: Amazon.com Inc. - Business segments
• Exhibit 130: Amazon.com Inc. - Key news
• Exhibit 131: Amazon.com Inc. - Key offerings
• Exhibit 132: Amazon.com Inc. - Segment focus

• 12.5 Appian Corp. 
• Exhibit 133: Appian Corp. - Overview
• Exhibit 134: Appian Corp. - Product / Service
• Exhibit 135: Appian Corp. - Key news
• Exhibit 136: Appian Corp. - Key offerings

• 12.6 Cisco Systems Inc. 
• Exhibit 137: Cisco Systems Inc. - Overview
• Exhibit 138: Cisco Systems Inc. - Business segments
• Exhibit 139: Cisco Systems Inc. - Key news
• Exhibit 140: Cisco Systems Inc. - Key offerings
• Exhibit 141: Cisco Systems Inc. - Segment focus

• 12.7 International Business Machines Corp.
• Exhibit 142: International Business Machines Corp. - Overview
• Exhibit 143: International Business Machines Corp. - Business segments
• Exhibit 144: International Business Machines Corp. - Key news
• Exhibit 145: International Business Machines Corp. - Key offerings
• Exhibit 146: International Business Machines Corp. - Segment focus

• 12.8 Microsoft Corp. 
• Exhibit 147: Microsoft Corp. - Overview
• Exhibit 148: Microsoft Corp. - Business segments
• Exhibit 149: Microsoft Corp. - Key news
• Exhibit 150: Microsoft Corp. - Key offerings
• Exhibit 151: Microsoft Corp. - Segment focus

• 12.9 Oracle Corp. 
• Exhibit 152: Oracle Corp. - Overview
• Exhibit 153: Oracle Corp. - Business segments
• Exhibit 154: Oracle Corp. - Key news
• Exhibit 155: Oracle Corp. - Key offerings
• Exhibit 156: Oracle Corp. - Segment focus

• 12.10 OutSystems Software em Rede SA 
• Exhibit 157: OutSystems Software em Rede SA - Overview
• Exhibit 158: OutSystems Software em Rede SA - Product / Service
• Exhibit 159: OutSystems Software em Rede SA - Key offerings

• 12.11 Pegasystems Inc. 
• Exhibit 160: Pegasystems Inc. - Overview
• Exhibit 161: Pegasystems Inc. - Product / Service
• Exhibit 162: Pegasystems Inc. - Key news
• Exhibit 163: Pegasystems Inc. - Key offerings

• 12.12 Progress Software Corp. 
• Exhibit 164: Progress Software Corp. - Overview
• Exhibit 165: Progress Software Corp. - Product / Service
• Exhibit 166: Progress Software Corp. - Key offerings

• 12.13 Salesforce Inc. 
• Exhibit 167: Salesforce Inc. - Overview
• Exhibit 168: Salesforce Inc. - Product / Service
• Exhibit 169: Salesforce Inc. - Key news
• Exhibit 170: Salesforce Inc. - Key offerings

• 12.14 SAP SE 
• Exhibit 171: SAP SE - Overview
• Exhibit 172: SAP SE - Business segments
• Exhibit 173: SAP SE - Key news
• Exhibit 174: SAP SE - Key offerings
• Exhibit 175: SAP SE - Segment focus

• 12.15 ServiceNow Inc. 
• Exhibit 176: ServiceNow Inc. - Overview
• Exhibit 177: ServiceNow Inc. - Product / Service
• Exhibit 178: ServiceNow Inc. - Key news
• Exhibit 179: ServiceNow Inc. - Key offerings

• 12.16 Siemens AG 
• Exhibit 180: Siemens AG - Overview
• Exhibit 181: Siemens AG - Business segments
• Exhibit 182: Siemens AG - Key news
• Exhibit 183: Siemens AG - Key offerings
• Exhibit 184: Siemens AG - Segment focus

• 12.17 Tencent Holdings Ltd. 
• Exhibit 185: Tencent Holdings Ltd. - Overview
• Exhibit 186: Tencent Holdings Ltd. - Business segments
• Exhibit 187: Tencent Holdings Ltd. - Key offerings
• Exhibit 188: Tencent Holdings Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 189: Inclusions checklist
• Exhibit 190: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 191: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 192: Research methodology
• Exhibit 193: Validation techniques employed for market sizing
• Exhibit 194: Information sources

• 13.5 List of abbreviations 
• Exhibit 195: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

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