Westford, USA, Oct. 07, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the digital experience platform market will attain a value of USD 28.79 billion by 2031, with a CAGR of 10% over the forecast period (2024-2031). Rapid digitization has led to high emphasis on digital experience for customers worldwide. As more and more businesses go digital, they are inclined to opt for digital experience platforms to enhance their customer experience and boost revenue generation capabilities as well. Rising demand for customized and personalized customer experiences will bolster digital experience platform market growth in the future.
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Browse in-depth TOC on "Digital Experience Platform Market"
- Pages - 197
- Tables - 61
- Figures – 75
Digital Experience Platform Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 13.43 Billion |
| Estimated Value by 2031 | $ 28.79 Billion |
| Growth Rate | Poised to grow at a CAGR of 10% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Deployment Type, Vertical, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the world |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Demand for omnichannel customer engagement |
| Key Market Drivers | Growing digitization and demand for personalized customer experience |
Digital Experience Platforms Slated to Hold a Dominant Share as More Organizations Focus on Improving User Engagement
With more and more organizations focusing on streamlining their sales and marketing operations across multiple channels, the demand for digital experience platforms is projected to surge around the world. Digital experience platforms allow organizations to deliver a personalized and centralized user experience from a single solution instead of having to use multiple tools and software. Emphasis on enhancing digital experience in the wake of growing digital transformations will also boost market growth.
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Cloud Deployment of Digital Experience Platforms Will Emerge in Popularity at a Robust Pace in the Future
Cloud technologies have increased in popularity around the world owing to their high flexibility, scalability, and affordability. This is why digital experience platform companies are also deploying their solutions on cloud platforms to maximize their business and revenue generation potential in the long run. Moreover, high adoption of cloud-based digital experience platforms by small and medium enterprises will also help this segment boost market growth in the future.
Rapid Adoption of Advanced Digital Technologies Helps North America Lead Market Growth
Businesses and organizations in the North American region are leading the adoption of advanced digital technologies to optimize their business efficiency and profitability. This is why the demand for digital experience platforms is also surging impressively in this region. Evolving consumer preferences and growing emphasis on enhancing customer experience are also helping the United States become the most opportune market for digital experience platform companies in this region.
Digital Experience Platform Market Insights:
Drivers
- Demand for personalized customer experience
- Integration of advanced technologies to enhance customer experience
- Rapid digital transformation around the world
Restraints
- Data privacy and compliance issues
- High costs of integration
Prominent Players in Digital Experience Platform Market
The following are the Top Digital Experience Platform Companies
- Salesforce.com, Inc.
- Adobe Inc.
- Oracle Corporation
- SAP SE
- Sitecore
- Acquia, Inc.
- IBM Corporation
- Microsoft Corporation
- Shopify Plus
- Episerver AB
Key Questions Answered in Digital Experience Platform Market Report
- What drives the global digital experience platform market growth?
- Who are the leading digital experience platform providers in the world?
- Which region leads the demand for digital experience platforms in the world?
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This report provides the following insights:
- Analysis of key drivers (growing digital transformation, demand for personalized customer experiences), restraints (high costs of integration, data privacy and compliance issues), and opportunities (demand for omnichannel customer engagement), influencing the growth of digital experience platform market.
- Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
- Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Digital Experience Platform market.
- Market Development: Detailed analysis of potential regions where the market has potential to grow.
- Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.
- Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.
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About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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