Global Multi experience Development Platforms Market

Global Multi experience Development Platforms Market Size, Trends, and Analysis- Forecasts To 2026 By Component (Platforms, Services), By Deployment Type (On-Premises, Cloud), By Enterprise Type (Small & Mid-size Enterprises (SMEs), Large Enterprises), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Multi experience Development Platforms Market: Insights

The multi-experience development platform is a software platform for creating web and smartphone applications, as well as speech, augmented reality (AR), chat, and wearable experiences. It allows businesses to create a single application that can be used on a variety of devices. The overall market is projected to expand due to the rising demand for custom mobile app development across a variety of organizations, as well as improved internal operating efficiency provided by multi-experience development platforms (MXDP). The industry is being driven by the increasing need for rapid flexibility and scalability, the rising demand for customized mobile app growth, the growing proliferation of mobile devices and the internet, and the rapidly growing digitalization of industries.

Flourishing end-use sectors such as Healthcare, IT and Telecom, BFSI, and retail, and others, are projected to propel overall demand growth in both advanced and emerging markets. Organizations benefit from multi-experience development systems because they improve operating efficiencies and minimise app development time by leveraging streamlined design frameworks and reusable codes. Furthermore, it will remove shadow IT, which is a potential security problem for most organisations. Over the forecast period, a scarcity of qualified specialists is expected to be a major impediment to the growth of the MXDP sector. Because of low investments and a shortage of qualified professionals, acceptance of this software is low in developing markets relative to advanced nations.

Because of the COVID-19 pandemic, the need for digitalization has increased dramatically. The pandemic has demonstrated the need for all businesses to have a digital infrastructure that allows for an accelerated transition. Tourism, manufacturing, and e-commerce all suffered significant losses, but mobile app development businesses were flourishing. The multi-experience development platforms market's participants are concentrating on improving their products. Appian will release the next update of its Low-code Automation Platform in June 2020. On a unified platform, the new version combines Workflow, artificial intelligence, robotic process automation, and decision rules.

global multi experience development platforms market

Multi experience Development Platforms Market: By Component

In 2020, the platforms segment bagged the highest market share. Artificial intelligence and deep learning, product information management, web content management, analytics, digital asset management, and others are among the segments. These tools are rapidly being used by businesses to develop, test, and launch web, mobile, and wearable applications. Furthermore, the growing demand for multi-experience development platforms from a range of industries to build applications using cutting-edge technology such as artificial intelligence and deep learning is anticipated to accelerate the growth of this segment.

The services industry is expected to grow at the highest rate. Professional services and managed services are included in this grouping. The solution vendors are in charge of managing and controlling managed services throughout the lifespan of the solutions. The increasing popularity of outsourcing services to solution providers to optimize customer satisfaction and speed up sensitive and transactional processes can be due to the growth of the services market.

Multi experience Development Platforms Market: By Deployment Type

In 2020, the on-premises segment had the highest sales share of the overall MXDP market. Big enterprises' investments in in-house platform deployment are largely responsible for the massive sales share. Even though the cloud deployment paradigm has gained popularity, on-premises deployment tends to meet the enterprise needs of a variety of companies. In addition, the increasing need to protect sensitive data is fuelling segment expansion.

The cloud deployment market is expected to grow at a rapid rate. Cloud computing's increasing success is anticipated to boost segmental growth. In addition, the cloud deployment model's lower investment cost, scalability, and flexibility are accelerating the cloud segment's growth. Furthermore, over the forecast period, a rising market for mobility and an increase in the adoption of cloud technologies by small and medium-size companies are expected to generate substantial growth opportunities.

Multi experience Development Platforms Market: By Enterprise Type

In 2020, the large enterprise segment held the highest market share, and this domination is projected to continue throughout the forecast period. Multi-experience development platforms allow companies to create more productive operations for designing and delivering software and digital experiences. As a result, the segment's growth is expected to be supported by increased penetration in large companies to streamline operations. In addition, over the projected period, the increasing number of major companies in both developing and emerging economies would push up demand for multi-experience development platforms.

Over the forecast period, the Small and Medium Enterprises (SMEs) segment is expected to grow at the fastest pace. The increase can be due to the growing number of SMEs in developing markets like China and India. In contrast to large corporations, SMEs have a poor penetration rate of multi-experience development platforms. Cost-cutting becomes a crucial driver for company success in these small businesses due to financial restrictions.

asia pacific multi experience development platforms market

Multi experience Development Platforms Market: By Region

In 2020, North America held the biggest share of the market, and this trend is expected to persist throughout the projection timeframe. The involvement of core firms such as ServiceNow, Salesforce, IBM, Mendix, Outsystems, Oracle, and Microsoft Corporation contributes to the region's supremacy. Furthermore, due to the presence of many small, medium, and large businesses in the area, North America has the highest acceptance rate.

During the forecast period, the Asia Pacific region is expected to grow at the fastest rate. IT and telecom, BFSI, Healthcare, and other strong market verticals are anticipated to assist regional growth. Furthermore, the rising number of small and mid-size companies in the regions would add to the overall market growth over the forecast period.

Multi experience Development Platforms Market: Share & Competitor Analysis

Microsoft Corporation, GeneXus, IBM, Mendix, SAP SE, Outsystem, Appian, Pegasystems, Salesforce, Progress Software Corporation, ServiceNow, and Oracle are the major vendors contributing to the multi-experience development platforms market.

Please note: This is not an exhaustive list of companies profiled in the report.

Oracle launched an upgraded version of its mobile app and web development capabilities in 2020 to include native chatbots operated by professional AI models.

In 2020, SAP Cloud Platform introduced several low-code development options for its customers, in order to choose the right applications for innovative projects.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Multi Experience Development Platforms Industry Overview, 2016-2026

2.1.1 Industry Overview

2.1.2 Component Type Overview

2.1.3 Deployment Type Overview

2.1.4 Enterprise Type Overview

2.1.6 Regional Overview

Chapter 3 Multi Experience Development Platforms Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2016-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Rising demand for custom mobile app development across a variety of organizations,

3.3.1.2 Improved internal operating efficiency provided by multi-experience development platforms

3.3.2 Industry Challenges

3.3.2.1 Lack of adequate infrastructure in low-income nations

3.4 Prospective Growth Scenario

3.4.1 Component Type Growth Scenario

3.4.2 Deployment Type Growth Scenario

3.4.3 Enterprise Type Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Enterprise Type Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Multi Experience Development Platforms Market, By Component Type

4.1 Component Type Outlook

4.2 Platform

4.2.1 Market Size, By Region, 2016-2026 (USD Million)

4.3 Services

4.3.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 5 Multi Experience Development Platforms Market, By Deployment Type

5.1 Deployment Type Outlook

5.2 On-Premise

5.2.1 Market Size, By Region, 2016-2026 (USD Million)

5.3 Cloud Based

5.3.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 6 Multi Experience Development Platforms Market, By Enterprise Type

6.1 Small & Mid-size Enterprises (SMEs)

6.1.1 Market Size, By Region, 2016-2026 (USD Million)

6.2 Large Enterprises

6.2.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 7 Multi Experience Development Platforms Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2016-2026 (USD Million)

7.2.2 Market Size, By Component Type, 2016-2026 (USD Million)

7.2.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.2.4 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.2.6 U.S.

7.2.6.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.2.4.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.2.4.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.2.7 Canada

7.2.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.2.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.2.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.3 Europe

7.3.1 Market Size, By Country 2016-2026 (USD Million)

7.3.2 Market Size, By Component Type, 2016-2026 (USD Million)

7.3.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.4 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.3.6 Germany

7.3.6.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.3.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.6.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.3.7 UK

7.3.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.3.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.3.8 France

7.3.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.3.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.3.9 Italy

7.3.9.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.3.9.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.9.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.3.10 Spain

7.3.10.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.3.10.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.10.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.3.11 Russia

7.3.11.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.3.11.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.11.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2016-2026 (USD Million)

7.4.2 Market Size, By Component Type, 2016-2026 (USD Million)

7.4.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.4 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.4.6 China

7.4.6.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.4.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.6.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.4.7 India

7.4.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.4.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.4.8 Japan

7.4.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.4.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.4.9 Australia

7.4.9.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.4.9.2 Market size, By Deployment Type, 2016-2026 (USD Million)

7.4.9.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.4.10 South Korea

7.4.10.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.4.10.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.10.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.5 Latin America

7.5.1 Market Size, By Country 2016-2026 (USD Million)

7.5.2 Market Size, By Component Type, 2016-2026 (USD Million)

7.5.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.4 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.5.6 Brazil

7.5.6.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.5.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.6.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.5.7 Mexico

7.5.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.5.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.5.8 Argentina

7.5.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.5.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.6 MEA

7.6.1 Market Size, By Country 2016-2026 (USD Million)

7.6.2 Market Size, By Component Type, 2016-2026 (USD Million)

7.6.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.4 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.6.6 Saudi Arabia

7.6.6.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.6.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.6.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.6.7 UAE

7.6.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.6.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

7.6.8 South Africa

7.6.7.1 Market Size, By Component Type, 2016-2026 (USD Million)

7.6.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.7.3 Market Size, By Enterprise Type, 2016-2026 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Microsoft Corporation

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Oracle

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 GeneXus

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 IBM

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 Mendix

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 SAP SE

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 Outsystem

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 Appian

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.10 Pegasystems

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.11 Other Companies

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Info Graphic Analysis

The Global Multi experience Development Platforms Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Multi experience Development Platforms Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global multi-experience development platforms market?

The global multi-experience development platforms market size is projected to grow from USD xx million in 2021 to USD xx million by 2026 at a CAGR value of 18.2%.

Who are the major vendors in the multi-experience development platforms market?

Key and innovative vendors in the multi-experience development platforms market include Microsoft Corporation, GeneXus, IBM, Mendix, SAP SE, Outsystem, Appian, Pegasystems, Salesforce, Progress Software Corporation, ServiceNow, and Oracle, among others.

Which region has the highest market share in the multi-experience development platforms market?

The North American region is estimated to hold the largest share of the multi-experience development platforms market.

What is the Covid-19 impact on future multi-experience development platforms manufacturers?

The COVID-19 pandemic has shown businesses the importance of digitization and remote monitoring capabilities. The growing trend of work from home and increasing adoption of digitization is expected to offer lucrative opportunities to the multi-experience development platforms market during the forecast period.

What are the major drivers in the multi-experience development platforms market?

The growing need for flexibility and scalability, increasing demand for customized mobile apps, growing adoption of digitization, and rising trend of remote working are expected to be the major drivers of the market.