Multi Experience Development Platform Market - Forecast(2024 - 2030)

Report Code: ITR 0241 Report Format: PDF + Excel
The Multi-experience development platform market is forecast to reach $15 billion by 2025, growing at a CAGR of 13.5% in the period 2020-2025. The multi-experience development platform market is driven primarily by factors such as the implementation of advanced technology like artificial intelligence, natural language processing (NLP) and many more. Multi experience development platform is based on creating apps which are specifically designed with touch point technique, thus providing a stability in user experience across web, mobile, conversational and immersive touch point. Therefore, increasing adoption of MXDP in BFSI, IT and other industries is poised to drive the overall market growth during forecast period.
 
Key Takeaways
  • In MXDP market, platform type dominates as it is widely used for web content management, digital assets management, product information management and others.
  • In MXDP market cloud type deployment is estimated to have rapid growth as it has many key features such large geographic coverage, easy accessibility and others which are increasingly becoming customer requirements for adoption.
  • MXDP market can increase the internal operation efficiency and speed up various business processes by providing single space for accessing everything.  Hence it is  estimated to have rapid growth in enterprise sector 
  • Due to major key players such as Salesforce, mendix and others being situated in North America region, North America has witnessed huge demand for multi-experience development platform market.

By Type - Segment Analysis
In MXDP market the platform type is subdivided into web content management, digital assets management, product information management, analytics, artificial intelligence and others. Among these, the market for platform components is estimated to have a significant growth during the forecast period 2020-2025. As technological advancement will lead to increasing complexity in terms of features such as web content management, product information management and others. Multi-experience development platform market will grow faster than services as platform is a great way to quickly build, innovate, and deploy a new product or service and thus is witnessing adoption.

Deployment-Segment Analysis 
The Cloud-based deployment holds a largest market size at nearly 65% in 2019. Cloud-based solutions offers convenience to end-users by providing easy access to the multi-experienced development platform through multiple channels, such as laptops, tablets, and mobiles as information can be directly and quickly sent to the cloud server. Cloud based deployment has many other advantages such large geographic reach, no upfront investment and others which are not available in on premises deployment type.

Application - Segment Analysis
MXDP is a platform which utilized for developing mobile application, web application chat voice, argument reality and others, MXDP is estimated to have huge growth in enterprise sector, as multi-experience development platform are advantageous for enterprises as they increase their operational efficiencies. MXDP allow the enterprise to host a large number of internal operations in one space. MXDP can help the enterprises to create faster operations that are more efficient for the developing as well as delivering the digital experiences and applications. MXDP also help improve the development time up to multiple times with the use of reusable codes and streamlined design processes.

Geography - Segment Analysis
North America is expected to have the highest growth in multi-experienced development platform market at 14.2% followed by Asia Pacific region (APAC) at 12.9% , as the major key player are situated in the above region such as Salesforce, Mendix and others. North America region has many organizations which are based on mobile app development, conversational app development, and other app development
North America also has a huge information & technology, Banking, financial services and insurance (BFSI) market which isgoing to be benefited by multi-experienced development platform  as MXDP has some key features such as Increased internal operational efficiency, Simplified digital transformation, Reduced time to market, Controlled deployment and  others.

Drivers – Multi-experienced Development Platform Market

  • Increased internal operational efficiency
Multi-experience development platform provide a tool that developers swear by. These have code libraries and the ability to visually construct, preview, test applications  and carry a wide variety of internal operations in a single domain. This helps in more efficient and effective working the processes since everything is accessible through a single room. Additionally, these platforms also help in backend monitoring analytics which records details of unexpected events and other relevant information.

  • Elimination of shadow information and technology
Multi-experienced development platform eliminates usage, purchase and other information technology related activities without the knowledge of the IT department within the organization as all things are placed on a single platform which enables the IT department to have overview on their application which protects the organization’s data from cyber-attack, and thus reduces the burden maintenance effort of systems and software against shadow IT in an organization.

Challenges – Multi-experience Development Platform Market

  • Lack of Skilled professionals or trainers among developers 
Lack of skilled professional is hampering the growth of multi-experienced development platform market as high investments are required for adoption of advanced software with growing technologies such as AI, machine learning and others. Adoption of these advanced technologies is comparatively low in developing countries as compared to developed countries due to lack of skilled professionals and low investments.  However, many organizations are focusing on implementation of advanced technologies like MXDP by adopting strategies such as acquisitions, partnerships with universities for proper training facilities to their employees and this set to provide opportunities for MXDP market in near future. Thus, although the lack of training is a hindrance to the market currently, training facilities and programs launched by companies will help alleviate these issues.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Multi-experienced development platform market. In 2019, the market of Multi-experienced development platform has been consolidated by the top five players – Oracle, Outsystem, Salesforce, Mendix, and among others. 

Partnerships/Product Launches/Acquisition
  • In 2019,September,Neptune Software and Pyze  together developed an integration that provides customer the ability to measure user and product analytics, conduct AI based segmentation and deliver multi- channel notifications across all app platforms
  • In 2019, Oracle  developed its mobile app and web development capabilities to native chatbots with trained AI models
  • In 2019, SAP Cloud Platform offers a variety of low-code development options, which provides customers with different software depending on project requirements 

1. Multi Experience Development Platform Market- Overview
    1.1 Definitions and Scope
2. Multi Experience Development Platform Market- Executive summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by type of Application
    2.3 Key Trends segmented by Geography
3. Multi Experience Development Platform Market
    3.1 Comparative analysis
        3.1.1 Product Benchmarking - Top 10 companies
        3.1.2 Top 5 Financials Analysis
        3.1.3 Market Value split by Top 10 companies
        3.1.4 Patent Analysis - Top 10 companies
        3.1.5 Pricing Analysis
4. Multi Experience Development Platform Market- Startup companies Scenario Premium 
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Multi Experience Development Platform Market- Industry Market Entry Scenario Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Multi Experience Development Platform Market Forces
    6.1 Drivers
    6.2 Constraints
    6.3 Challenges
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. Multi Experience Development Platform Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Market Share
8. Multi Experience Development Platform Market-By Type (Market Size- $Million/$Billion)
    8.1 Platform
    8.2 Services
9. Multi Experience Development Platform Market-By Deployment (Market Size-$Million/$Billion)
    9.1 On Premises
    9.2 Cloud
10. Multi Experience Development Platform Market- By Enterprise (Market Size -$Million / $Billion)
    10.1 Market Size and Market Share Analysis
    10.2 Application Revenue and Trend Research 
    10.3 Small enterprise
    10.4 Medium enterprise
    10.5 Large enterprise
11. Multi Experience Development Platform Market-By End User (Market Size-$Million/$Billion)
    11.1. Market Size and Market Share Analysis
    11.2. Application Revenue and Trend Research
    11.3 Application Segment Analysis
    11.3.1 BFSI
    11.3.2 Government
    11.3.3 Retail
    11.3.4 Healthcare
    11.3.5 Media and Entertainment
    11.3.6 Information Technology
    11.3.7 Others 
12. Multi Experience Development Platform Market - By Geography (Market Size -$Million / $Billion)
    12.1 Multi Experience Development Platform Market- North America Segment Research
    12.2 North America Market Research (Million / $Billion)
        12.2.1 Segment type Size and Market Size Analysis
        12.2.2 Revenue and Trends
        12.2.3 Application Revenue and Trends by type of Application
        12.2.4 Company Revenue and Product Analysis
        12.2.5 North America Product type and Application Market Size
            12.2.5.1 U.S
            12.2.5.2 Canada
            12.2.5.3 Mexico
    12.3 - South America Segment Research
    12.4 South America Market Research (Market Size -$Million / $Billion)
        12.4.1 Segment type Size and Market Size Analysis
        12.4.2 Revenue and Trends
        12.4.3 Application Revenue and Trends by type of Application
        12.4.4 Company Revenue and Product Analysis
        12.4.5 South America Product type and Application Market Size
            12.4.5.1 Brazil
            12.4.5.2 Argentina
            12.4.5.3 Rest of South America
    12.5 Multi Experience Development Platform Market - Europe Segment Research
    12.6 Europe Market Research (Market Size -$Million / $Billion)
        12.6.1 Segment type Size and Market Size Analysis
        12.6.2 Revenue and Trends
        12.6.3 Application Revenue and Trends by type of Application
        12.6.4 Company Revenue and Product Analysis
        12.6.5 Europe Segment Product type and Application Market Size
            12.6.5.1 U.K
            12.6.5.2 Germany
            12.6.5.3 France
            12.6.5.4 Rest of Europe
    12.7 Multi Experience Development Platform Market- APAC Segment Research
    12.8 APAC Market Research (Market Size -$Million / $Billion)
        12.8.1 Segment type Size and Market Size Analysis
        12.8.2 Revenue and Trends
        12.8.3 Application Revenue and Trends by type of Application
        12.8.4 Company Revenue and Product Analysis
        12.8.5 APAC Segment - Product type and Application Market Size
            12.8.5.1 China
            12.8.5.2 Australia
            12.8.5.3 Japan
            12.8.5.4 South Korea
            12.8.5.5 India
            12.8.5.6 Taiwan
            12.8.5.7 Hong Kong
            12.8.5.8 Rest of APAC
    12.9 Multi Experience Development Platform Market- Middle East Segment and Africa Segment Research
    12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
        12.10.1 Segment type Size and Market Size Analysis
        12.10.2 Revenue and Trend Analysis
        12.10.3 Application Revenue and Trends by type of Application
        12.10.4 Company Revenue and Product Analysis
        12.10.5 Middle East Segment Product type and Application Market Size
            12.10.5.1 Saudi Arabia
            12.10.5.2 Qatar
            12.10.5.3 Turkey
            12.10.5.3 UAE
            12.15.5.4 Rest of Middle East
        12.10.6 Africa Segment Analysis
            12.10.6.1 South Africa
            12.10.6.2 Nigeria
            12.10.6.3 Rest of Africa
13. Multi Experience Development Platform Market- Entropy
    13.1 New product launches
    13.2 M&A s, collaborations, JVs and partnerships
14. Multi Experience Development Platform Market- Industry / Segment Competition landscape Premium 
    14.1 Market Share Analysis
    14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by Region- Top 10 companies
        14.1.3 Market Share by type of Application - Top 10 companies
        14.1.4 Market Share by type of Product / Product category- Top 10 companies
        14.1.5 Market Share at global level - Top 10 companies
        14.1.6 Best Practices for companies
15. Multi Experience Development Platform Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Salesforce
    15.3 Mendix
    15.4 OutSystems
    15.5 Convergetigo
    15.6 Appian
    15.7 Genexus
    15.8 Microsoft
    15.9 Pega
    15.10 Oracle
    15.11 SAP
    15.12 others
Financials would be provided on a best efforts basis for private companies
17. Multi Experience Development Platform Market- Appendix
    17.1 Abbreviations
    17.2 Sources
18. Multi Experience Development Platform Market- Methodology
    18.1 Research Methodology
        18.1.1 Company Expert Interviews
        18.1.2 Industry Databases
        18.1.3 Associations
        18.1.4 Company News
        18.1.5 Company Annual Reports
        18.1.6 Application Trends
        18.1.7 New Products and Product database
        18.1.8 Company Transcripts
        18.1.9 R&D Trends
        18.1.10 Key Opinion Leaders Interviews
        18.1.11 Supply and Demand Trends