Product ID: UCMIG45E2224
Report ID:
UCMIG45E2224 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for digital adoption platforms had a valuation of USD 507.4 million in 2022 and is expected to experience substantial growth, reaching USD 3,011.8 million by 2030, with a projected compound annual growth rate (CAGR) of 23.1% during the forecast period. Digital adoption involves the process through which both customers and employees acquire the knowledge and skills needed to effectively utilize new technologies, including applications, software products, and websites, in order to maximize their potential and achieve optimal outcomes in digital processes. These digital adoption platforms find applications in various areas such as user onboarding, customer support, product training, change management, employee onboarding, and more.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45E2224