Multiexperience Development Platforms (MXDP) market is Predicted to Attain USD 20.75 Billion By 2026 : Analysis by Salesforce, Mendix, Kony, Inc., Convertigo, etc

The better internal operational efficiency that MXDP provides to the organizations as well as the rising need for custom mobile app development across various end use organizations are the major factors attributing to the growth of the Multiexperience Development Platforms (MXDP) market.

Market Size - USD 5.07 Billion in 2018, Market Growth - CAGR of 15.11%, Market Trends - Rising need for custom mobile app development across various end use industries.

The global Multiexperience Development Platforms (MXDP) market was valued at USD 5.07 Billion in 2018 and is projected to grow at a CAGR of 15.11% from 2019 to 2026. Factors affecting the growth of the Multiexperience Development Platforms (MXDP) market is the better internal operational efficiency that MXDP provides to organizations, thus leading to an increase in demand. Another factor that is aiding the growth of the market is the rising need for custom mobile app development across various end use organizations.

Multiexperience Development Platforms refer to the various combinations of modalities (like touch, gesture, and voice), devices and apps through which the users can interact with on their digital journey through various touchpoints. MXDP involves the creation of apps that are specifically built based on various touchpoint-specific modalities. In other words, MXDPs are app development platforms that are used to develop chat, voice, augmented reality, and wearable experiences, as well as mobile and web apps.

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Key participants include Salesforce (U.S.), Mendix (U.S.), Kony, Inc. (U.S.), Convertigo (France), Appian (U.S.), GeneXus (U.S.), IBM (U.S.), Microsoft (U.S.), Oracle (U.S.), OutSystems (U.S.), Pega, Inc. (U.S.), Progress (U.S.), SAP (U.S.), and ServiceNow (U.S.)

For the purpose of this study, Reports and Data have segmented the Multiexperience Development Platforms (MXDP) Market on the basis of Component, Deployment Type, Organization Size, End Use and Region:

Component (Revenue, USD Billion; 2016-2026)
Platform
Services

Deployment Type (Revenue, USD Billion; 2016-2026)
On-Premise
Cloud

Organization Size (Revenue, USD Billion; 2016-2026)
Small Enterprise
Medium sized enterprise
Large scale enterprise

End Use (Revenue, USD Billion; 2016-2026)
IT & Telecom
BFSI
Retail
Healthcare
Manufacturing
Travel & Hospitality
Media & Entertainment
Public Sector
Others

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The following years are used in this study to estimate the size of the Multiexperience Development Platforms (MXDP) market:

Historical year: 2016-2018
Base year: 2019
Estimated year: 2020
Forecast years: 2020 to 2026

Further key findings from the report suggest

The Global Multiexperience Development Platforms (MXDP) market is forecast to grow at a rate of 15.11% CAGR to reach a valuation of USD 20.75 Billion in 2026.

Factors affecting the growth of the Multiexperience Development Platforms (MXDP) market is the better internal operational efficiency that MXDP provides to organizations, thus leading to an increase in demand. Another factor that is aiding the growth of the market is the rising need for custom mobile app development across various end use organizations.

Cloud deployment mode has witnessed huge growth owing to the increasing adoption of cloud computing in the near future.

Platform component occupies the largest share in the market with a share of more than 58%. Services segment is forecasted to witness the fastest growth in the market on the basis of component.

Competitors in the Multiexperience Development Platforms (MXDP) market are engaging in strategic partnerships and agreements in order to tactically improve their global footprint in the market.

North American region is forecasted to witness huge growth opportunities over the forecasted period. Major factor for the huge growth of Multiexperience Development Platforms (MXDP) market in this region is the large presence of prominent players in the region.

Asia Pacific region is forecasted to witness tremendous growth on account of rising number of SMEs in the region, especially in countries like India and China.

Small Enterprise and Large scale enterprise are forecasted to witness the fastest growth on account of increasing adoption of MXDP by these sized companies. Large scale enterprise segment is the current largest share occupying segment.

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In conclusion, the Multiexperience Development Platforms (MXDP) Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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