DUBLIN, November 23, 2022 /PRNewswire/ –The “Digital Experience Platform Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offer.
The global digital experience platform market is expected to grow from $9.69 billion in 2021 $10.91 billion in 2022 at a compound annual growth rate (CAGR) of 12.55%. The digital experience platform market is expected to reach $17.58 billion in 2026 at a CAGR of 12.67%.
The digital experience platform market consists of the sale of digital experience platforms by entities (organizations, sole traders, and partnerships) that refer to integrated software frameworks that manage digital experiences on various platforms.
The purpose of the digital experience platform commonly known as DXP is to provide a centralized way to build, manage and optimize content creation and digital journeys. The digital experience platform includes content management, asset management, commerce, customer relationship management, and analytics.
The main components of a digital experience platform (DXP) include platforms and services. Services in this segment refer to services that facilitate the use of technology by consumers. It provides specialized technology-oriented solutions by integrating software, hardware, networking, telecommunications, and electronic processes and operations.
DXPs are deployed through the cloud, and on premise for Business-to-Consumer (B2C), Business-to-Business (B2B), and other applications. The major verticals using DXP are retail, BFSI, travel & hospitality, IT & telecom, healthcare, manufacturing, media and entertainment, public sector, and others. The types of businesses that use this platform include large businesses and small and medium businesses.
North America is the largest region in the digital experience platform market in 2021. Asia Pacific expected to be the fastest growing region during the forecast period. The areas covered in the digital experience platform market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, middle East and Africa.
The increasing deployment of cloud-based services is expected to drive the growth of the digital experience platform market. Cloud adoption is an approach that aims to increase the scale of internet-based database capabilities while lowering costs and risks. To accomplish this, organizations use cloud computing, or remote computers placed over the internet to store, manage, and process important data.
For example, according to a survey conducted by technology research and consulting firm, Gartner in April 2021Public cloud services are predicted to grow by 23.1% $332.3 billion in 2021, rising from $270 billion in 2020 to meet the sudden shift in demand in cloud-based services.
In addition, the global health crisis of COVID-19 has emerged as an opportunity for cloud business, with a significant increase in the use of the cloud in various industries internationally. Therefore, the increase in the deployment and spending of cloud-based services will drive the digital experience platform.
Technological advancement is a key trend that is gaining popularity in the digital experience platform market. Major companies operating in the digital experience platform market are focusing on providing advanced platforms and related solutions to strengthen their market position.
The company implements next-generation digital experience platforms and technologies into its services, such as big data analytics, artificial intelligence, machine learning, cloud computing, workflow analytics, multichannel assistance, and others, to enable companies to design and deliver corporate digital experiences. faster and more consistent.
The main players in the digital experience platform market are
Key topics covered:
1. Executive Summary
2. Digital Experience Platform Market Market Characteristics
3. Digital Experience Platform Market Trends and Strategies
4. The Impact of COVID-19 on the Digital Experience Platform Market
5. Digital Experience Platform Market Market Size And Growth
5.1. Global Digital Experience Platform Market Historical Market, 2016-2021, $ Billion
5.1.1. Market Driver
5.1.2. Market Limits
5.2. Global Digital Experience Platform Market Forecast, 2021-2026F, 2031F, $ Billion
5.2.1. Market Driver
5.2.2. Market Limits
6. Digital Experience Platform Market Segmentation Market
6.1. Global Digital Experience Platform Market Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Digital Experience Platform Market Market, Segmentation By Deployment, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Digital Experience Platform Market Market, Segment By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Digital Experience Platform Market Market, Segmented By Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Travel & hospitality
IT & Telecommunications
Media and Entertainment
6.5. Global Digital Experience Platform Market Market, Segmented By Organization Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Experience Digital Market Market Regional Market And Country Analysis
7.1. Global Digital Experience Platform Market Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Digital Experience Platform Market Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information on this report please visit https://www.researchandmarkets.com/r/r406e9
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