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Multiexperience Development Platforms Market Report 2024 - 2033 | Insights, Analysis, Key Drivers
Multiexperience Development Platforms Market Size
As per the report, the multiexperience development platforms market size has grown exponentially in recent years. It will grow from $7.01 billion in 2023 to $8.61 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The multiexperience development platforms market size is expected to see exponential growth in the next few years. It will grow to $19.62 billion in 2028 at a compound annual growth rate (CAGR) of 22.9%.
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Mobile Device Penetration Driving Growth In Multiexperience Development Platforms Market
The growing penetration of mobile devices is expected to propel the growth of the multi-experience development platform market going forward. The adoption of mobile devices is driven by the rise of social media platforms and the importance of instant communication. The adoption of multi-experience development platforms can significantly benefit the penetration of mobile devices by providing a unified, efficient, and adaptable approach to application development across diverse devices and channels. For instance, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison and switching service, there were 71.8 million active mobile connections in 2022, marking a 3.8% increase from the previous year. Moreover, by 2025, the UK is projected to have a population of 68.3 million. Therefore, the growing penetration of mobile devices is driving the growth of the multi-experience development platform market.
Innovative Solutions In The Multiexperience Development Platforms Market
Major companies operating in the multi-experience development platforms market are developing advanced platforms, such as digital multi-experience platforms, to serve customers with advanced features. A digital multi-experience platform (MXDP) is a software solution that enables organizations to develop, manage, and deliver various digital experiences across different channels, devices, and interaction modalities. For instance, in March 2022, Tecnotree, a Finland-based software company, and MTN Nigeria, a Nigeria-based mobile telecommunication company, launched the Tecnotree Moments multi-experience platform. The launch of the digital multi-experience platform by MTN Nigeria in collaboration with Tecnotree Moments is a significant development aimed at creating lifestyle bundles of content, applications, and connectivity through a pre-integrated digital partner ecosystem. This platform targets various sectors such as education, entertainment, gaming, sports, health, and wellness, offering a gateway of digital services and lifestyle bundling products. The platform includes multiplayer online e-sports tournaments, top-played arcade games in Africa, interactive and immersive educational content, live classes, and Massive Online Open Curriculum (MOOC) for career development.
The multiexperience development platforms market covered in this report is segmented -
1) By Component: Platforms, Services
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By Application: Banking, Financial Services And Insurance (BFSI), IT And Telecommunication, Government And Public Sector, Manufacturing, Retail And Consumer Goods, Healthcare, Media And Entertainment, Other Applications
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Major companies operating in the multiexperience development platforms market are Microsoft Corporation, Amazon Web Services, Tencent Holdings Ltd., Siemens AG, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Salesforce Inc., HCL Technologies Limited, ServiceNow Inc., Globant SA, Pegasystems Inc., Zoho Corporation, Temenos AG, Progress Software, Cigniti Inc., Appian Corporation, Easy Software Inc., Outsystems Inc., Mendix, Decimal Technologies, GeneXus SA, Neutrinos, Neptune Software, Convertigo SA, XOne Technology Inc.
Contents of the report:
1. Executive Summary
2. Multiexperience Development Platforms Market Report Structure
3. Multiexperience Development Platforms Market Trends And Strategies
4. Multiexperience Development Platforms Market - Macro Economic Scenario
5. Multiexperience Development Platforms Market Size And Growth
…..
27. Multiexperience Development Platforms Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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