Global Digital Experience Platform Market

Digital Experience Platform Market Size, Share, Growth Analysis, By Component(Platform, and Services), By Deployment(On-premise, and Cloud), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2179 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 61 | Figures: 75

Digital Experience Platform Market Insights

Digital Experience Platform Market size was valued at USD 12.21 billion in 2022 and is poised to grow from USD 13.43 billion in 2023 to USD 28.79 billion by 2031, growing at a CAGR of 10% during the forecast period (2024-2031).

Rising demand for enhancement of customer experience and growing popularity of personalization of the same is estimated to drive digital experience platform market growth in the future. Rapidly increasing digitization around the world and the launch of new digital transformation initiatives are also predicted to uplift the demand for digital experience platform over the coming years. Expansion of e-commerce and retail activity around the world is also estimated to create new opportunities for digital experience platform companies in the future. Use of artificial intelligence, evolving consumer preferences, and emphasis on improving customer engagement are also slated to indirectly boost digital experience platform market development on a global level. On the contrary, issues in integration, high costs of deployment, and resistance to change are some key constraints that could slow down the global digital experience platform demand outlook.

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FAQs

Digital Experience Platform Market size was valued at USD 12.21 billion in 2022 and is poised to grow from USD 13.43 billion in 2023 to USD 28.79 billion by 2031, growing at a CAGR of 10% during the forecast period (2024-2031).

Digital experience platform providers should focus on improving the scope of integration with legacy infrastructure for their offerings. Targeting emerging markets to maximize business scope and improve revenue generation will also be a popular strategy for all digital experience platform companies. Partnerships and mergers will also help digital experience platform companies fast-track their development of novel solutions and stand out in the global market.  'Salesforce.com, Inc.', 'Adobe Inc.', 'Oracle Corporation', 'SAP SE', 'Sitecore', 'Acquia, Inc.', 'IBM Corporation', 'Microsoft Corporation', 'Shopify Plus', 'Episerver AB', 'Progress Software Corporation', 'OpenText Corporation', 'Liferay, Inc.', 'Kentico Software', 'BloomReach, Inc.', 'vantaio', 'Jahia Solutions Group SA', 'Wipro', 'CoreMedia AG', 'Intershop Communications AG'

Consumer preferences are evolving rapidly around the world and this trend is projected to help bolster the demand for personalized customer experience as companies focus on improving customer engagement and loyalty. Digital experience platforms play a crucial role in providing personalized customer experience thereby driving market growth.  

AI-Powered Personalization: Digital experience platform solution providers can focus on integrating artificial intelligence in their offerings to provide AI-powered personalization capabilities. Use of AI can help open the scope of automation and create new opportunities for market players in the future.    

North America is estimated to account for a substantial share of the global digital experience platform market. The presence of key digital experience platform providers, high demand for personalized experiences, and rising emphasis on improving customer engagement are helping North America lead digital experience platform demand outlook on a global level. The United States is projected to spearhead revenue generation for digital experience platform companies in this region owing to the presence of a strong retail infrastructure.  

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Global Digital Experience Platform Market

Report ID: SQMIG45E2179

$5,300
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