Multi-experience Technology Market by Component (Platform and Services), Platform (Web Content Management, Digital Asset Management, Product Information Management, Analytics, Artificial Intelligence, & Machine Learning, and Others), Deployment (Cloud and On-Premises), Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), Application (Customer Relationship Management (CRM), Operations & Manufacturing, Enterprise Resource Planning (ERP), Content Management Systems, Human Capital Management (HCM), Supply Chain Management, and Others), and Industry Verticals (BFSI, Healthcare & Life Sciences, Telecommunications & IT, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
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A06960
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Sep 2020 |
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COVID-19
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Multi-experience development platforms (MXDPs) allows enterprises to scale their applications across a range of devices and platforms that allows end users to interact with various touchpoints. These platforms allow organizations to adapt to increasing market of different devices and their respective experiences to deliver products according to customer needs. This technology helps to develop a single application or platform that can be deployed on a variety of devices rapidly. This greatly cuts down cost and gives brands more control over their digital experiences. Applications need to run on different platforms and adapt easily, all while providing a consistent experience from a business perspective to end users. Thus, advantages of implementing multi-experience technology in enterprises include offering internal operational efficiencies, reduction in time to market mobile apps, better control over actual deployment, and eliminate potential security risk of organizations.
Market scope and structure analysis:
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          Report Metric |
                        Details |
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 Market size available for years |
 2020–2027 |
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 Base year considered |
 2019 |
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 Forecast period |
 2021–2027 |
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 Forecast units |
 Value ($) |
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 Segments covered |
Component, Platform, Deployment, Organization Size, Industry Vertical, and Regions |
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 Regions covered |
North America (U.S. and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa |
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 Companies covered |
Major players analyzed in the market include Appian Corporation, Convertigo S.A., International Business Machines Corporation, Kony, Inc., Mendix, Microsoft Corporation, Oracle Corporation, OutSystems, Pega Inc., and Salesforce.com Inc. |
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COVID-19 Scenario Analysis:
- Facing continued pressure on operating expenses and business agility, network operators expect to see shift to hybrid cloud IT, network architectures, and operations with extreme automation.Â
- Utilizing cutting edge innovations, for instance, Internet of Things, man-made brainpower, mechanical autonomy, and 5G, are expected to overcome and address future difficulties.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in need for better internal operational efficiency and elimination of shadow information and technology is expected to boost the market growth. However, lack of skilled professionals hinders the market growth. Contrarily, rise in adoption of 5G technology is expected to create various opportunities for the multi-experience technology market during the forecast period. Another factor, which is expected to drive growth of the market is rise in need for custom mobile app development across various end use organizations.
Multi-experience technology in elimination of shadow information and technology
Multi-experienced development platform eliminates usage, purchase, and other information technology related activities. The activities are done without the knowledge of IT department within  organizations as all things are placed on a single platform. Thus, multi-experience platform enables IT departments to have overview on their application, which protects an organization’s data from cyber-attack and reduces maintenance effort of systems and software for IT staff in an organization, which, in turn, drives the market growth.
Lack of skilled professionals in multi-experience technology market
Lack of skilled professionals restrains the market growth, as high investments are required for adoption of advanced software with growth in technologies such as AI and machine learning. Adoption of these advanced technologies is comparatively low in developing countries as compared to developed countries, owing to lack of skilled professionals and low investment benefits offered by governments. Â However, many organizations are focused on implementation of advanced multi-experience technologies by adopting strategies such as acquisitions and partnerships to provide proper training facilities to their employees. Therefore, lack of training is a hindrance to the market, however, training facilities and programs launched by companies would help address these issues, which would boost the market growth during the forecast period.
Key segments covered:
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         Segments |
                     Subsegments |
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 Component |
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 Platform |
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 Deployment |
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 Organization Size |
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 Industry Verticals |
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Key benefits of the report:
- This study presents analytical depiction of the global multi-experience technology industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global multi-experience technology market share.
- The current market is quantitatively analyzed from 2021 to 2027 to highlight the global market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
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