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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Digital Experience Platform Market Share
Cloud Deployment To Gain Traction For Its Cost-Effectiveness And Seamless Integration
Based on deployment type, the cloud segment is likely to garner a significant growth rate during the forecast period. Due to its cost-effectiveness and trouble-free integration, the cloud segment is anticipated to grow at a greater CAGR during the forecast period.
It reduces the costs of infrastructure for businesses since they only pay for what they will use. In addition, this cloud solution brings flexibility through scaling, which is not a problem to perform in the case of changeable demand. Enhanced collaboration and efficiency are achieved because of the seamless integration of different applications and tools involved in the work of the team. With a growing organizational emphasis on agility and cost savings, cloud deployment becomes a strategic choice in striving toward operational excellence and in propelling the demand of digital experience platform market.
Managed Services Segment To Gain Traction For Better Customer Management
In the forecast period, the managed services segment is anticipated to have a bigger market volume than the professional services segment as it helps customers manage both on-site and cloud digital experience platform activities.
Businesses have now begun outsourcing complex IT tasks to professionals so that they can hold their attention on the core operations. Managed services offer customized solutions to ensure optimal digital platform performance, security, and scalability. This results in an increase in the digital experience platform market revenue. It is through this way that customer interactions become more personalized and with quicker response times. Accordingly, managed services become a crucial element in the achievement of seamless digital experiences by organizations that seek to enhance customer engagement and satisfaction.
Digital Experience Platform Market Report Snapshots
Digital Experience Platform Market Size
Digital Experience Platform Market Growth
Digital Experience Platform Market Trends
Digital Experience Platform Market Share
Digital Experience Platform Companies
Digital Experience Platform Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global digital experience platform market attained a value of nearly USD 10.51 billion.
The market is projected to grow at a CAGR of 11.5% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 28.12 billion by 2032.
The major market drivers include growing technological innovations, the rising demand for digital experience platforms in developing regions, the increase in the number of internet and smartphone users, and surging volume of data generation.
The key trends guiding the growth of the market include technological advancements, the growing use of data analytics, the increasing integration of AI, and a growing shift towards cloud computing.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Platforms and services are the different components of digital experience platform in the market.
On-premises and cloud are the major deployment types of digital experience platform in the market.
The significant applications in the market include IT and telecom, BFSI, retail, healthcare, manufacturing, travel and hospitality, media and entertainment, and public sector, among others.
The major players in the market are Adobe Inc., Oracle Corporation, International Business Machines Corporation, SAP SE, and Microsoft Corporation, Salesforce.com, Inc., among others.
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