Multiexperience Development Platforms Global Market Report 2024

Description

Multiexperience development platforms encompass tools and technologies facilitating the creation of applications accessible across diverse devices and touchpoints, ensuring a seamless user experience. These platforms streamline the development process for multiexperience applications, emphasizing tailored touchpoints based on specific modalities while maintaining consistency across various mediums such as websites, mobile and desktop apps, smartwatches, and beyond.

The primary components of multiexperience development platforms consist of platforms and services. Platforms serve as the infrastructure, either hardware or software, hosting applications or services, thereby laying the groundwork for their execution and success. Deployment options range from on-premises to cloud-based solutions, catering to organizations of different sizes, including small and medium-sized enterprises as well as large enterprises. These platforms find application across various sectors such as banking, financial services and insurance (BFSI), IT and telecommunications, government and public sector, manufacturing, retail and consumer goods, healthcare, media and entertainment, among others.

The multiexperience development platforms market research report is one of a series of new reports from The Business Research Company that provides multiexperience development platforms market statistics, including multiexperience development platforms industry global market size, regional shares, competitors with a multiexperience development platforms market share, detailed multiexperience development platforms market segments, market trends and opportunities, and any further data you may need to thrive in the multiexperience development platforms industry. This multiexperience development platforms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 growth observed during the historical period can be attributed to several key factors, including a growing demand for operational efficiency, a decrease in security risks, an increasing need for app development, a rising demand for rapid customization and scalability, as well as an increasing emphasis on creating a rich and interconnected user experience.

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%. The forecasted growth is driven by increased mobile device penetration, expanding internet usage, rising digitalization across industries, proliferation of devices, and growing demand for low-code app development. Key trends include the adoption of Machine Learning, Virtual Reality (VR), and Augmented Reality (AR), along with investments in wearable devices, Natural Language-based software, and user experience enhancements, all fueled by technological advancements and product innovation.

The increasing prevalence of mobile devices is poised to drive the expansion of the multi-experience development platform market in the foreseeable future. This surge in mobile device adoption is fueled by the prominence of social media platforms and the growing significance of instant communication. Multi-experience development platforms offer a unified, efficient, and adaptable approach to application development across a myriad of devices and channels, which can significantly enhance mobile device penetration. For instance, data from Uswitch Limited revealed that in 2022, there were 71.8 million active mobile connections, marking a 3.8% increase from the previous year, with projections indicating a population of 68.3 million in the UK by 2025. Thus, the growing prevalence of mobile devices serves as a key driver for the multi-experience development platform market's growth trajectory.

Leading companies in the multi-experience development platforms sector are focusing on the development of advanced platforms, such as digital multi-experience platforms (MXDPs), to offer customers cutting-edge features. MXDPs enable organizations to develop, manage, and deliver diverse digital experiences across various channels, devices, and interaction modalities. For instance, Tecnotree and MTN Nigeria collaborated to launch the Tecnotree Moments multi-experience platform in March 2022. This digital platform aims to create lifestyle bundles comprising content, applications, and connectivity through a pre-integrated digital partner ecosystem. Targeting sectors such as education, entertainment, gaming, sports, health, and wellness, the platform offers a wide array of digital services and lifestyle bundling products, including multiplayer online e-sports tournaments, educational content, and live classes for career development.

In April 2022, Triton Corp. Limited, a UK-based intermodal container leasing company, entered into an agreement to acquire Neptune Computer Inc. This strategic move aligns with the growing importance of low-code/no-code (LCNC) platforms in developing business applications and addresses the scarcity of IT talent while driving efficiencies within organizations. Neptune Computer Inc., based in Canada, specializes in providing low-code application development platforms, including multiexperience development platforms, offering rapid application development solutions. Through this acquisition, Triton aims to bolster its capabilities in the digital space and leverage Neptune Computer Inc.'s expertise to enhance its offerings and cater to evolving market demands effectively.

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.

North America was the largest region in the multiexperience development platforms market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multiexperience development platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the multiexperience development platforms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multiexperience development platforms market consists of revenues earned by entities by providing services such as voice app development, high-productivity tooling, custom functionality development and chatbot development. The market value includes the value of related goods sold by the service provider or included within the service offering. The multiexperience development platforms market also includes sales of mobile app development tools, AR app development platforms, wearable app development software and AI integration tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 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
Covering: Microsoft Corporation; Amazon Web Services; Tencent Holdings Ltd; Siemens AG; International Business Machines Corporation

Product Code: r17399

1. Executive Summary

2. Multiexperience Development Platforms Market Characteristics

3. Multiexperience Development Platforms Market Trends And Strategies

4. Multiexperience Development Platforms Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Multiexperience Development Platforms Market Size and Growth

5.1. Global Multiexperience Development Platforms Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Multiexperience Development Platforms Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Multiexperience Development Platforms Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Multiexperience Development Platforms Market Segmentation

6.1. Global Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Platforms
Services
6.2. Global Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premises
Cloud
6.3. Global Multiexperience Development Platforms Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small And Medium-Sized Enterprises
Large Enterprises
6.4. Global Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Banking, Financial Services And Insurance (BFSI)
IT And Telecommunication
Government And Public Sector
Manufacturing
Retail And Consumer Goods
Healthcare
Media And Entertainment
Other Applications

7. Multiexperience Development Platforms Market Regional And Country Analysis

7.1. Global Multiexperience Development Platforms Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Multiexperience Development Platforms Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Multiexperience Development Platforms Market

8.1. Asia-Pacific Multiexperience Development Platforms Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Multiexperience Development Platforms Market

9.1. China Multiexperience Development Platforms Market Overview
9.2. China Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Multiexperience Development Platforms Market

10.1. India Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Multiexperience Development Platforms Market

11.1. Japan Multiexperience Development Platforms Market Overview
11.2. Japan Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Multiexperience Development Platforms Market

12.1. Australia Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Multiexperience Development Platforms Market

13.1. Indonesia Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Multiexperience Development Platforms Market

14.1. South Korea Multiexperience Development Platforms Market Overview
14.2. South Korea Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Multiexperience Development Platforms Market

15.1. Western Europe Multiexperience Development Platforms Market Overview
15.2. Western Europe Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Multiexperience Development Platforms Market

16.1. UK Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Multiexperience Development Platforms Market

17.1. Germany Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Multiexperience Development Platforms Market

18.1. France Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Multiexperience Development Platforms Market

19.1. Italy Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Multiexperience Development Platforms Market

20.1. Spain Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Multiexperience Development Platforms Market

21.1. Eastern Europe Multiexperience Development Platforms Market Overview
21.2. Eastern Europe Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Multiexperience Development Platforms Market

22.1. Russia Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Multiexperience Development Platforms Market

23.1. North America Multiexperience Development Platforms Market Overview
23.2. North America Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Multiexperience Development Platforms Market

24.1. USA Multiexperience Development Platforms Market Overview
24.2. USA Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Multiexperience Development Platforms Market

25.1. Canada Multiexperience Development Platforms Market Overview
25.2. Canada Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Multiexperience Development Platforms Market

26.1. South America Multiexperience Development Platforms Market Overview
26.2. South America Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Multiexperience Development Platforms Market

27.1. Brazil Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Multiexperience Development Platforms Market

28.1. Middle East Multiexperience Development Platforms Market Overview
28.2. Middle East Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Multiexperience Development Platforms Market

29.1. Africa Multiexperience Development Platforms Market Overview
29.2. Africa Multiexperience Development Platforms Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Multiexperience Development Platforms Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Multiexperience Development Platforms Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Multiexperience Development Platforms Market Competitive Landscape And Company Profiles

30.1. Multiexperience Development Platforms Market Competitive Landscape
30.2. Multiexperience Development Platforms Market Company Profiles
- 30.2.1. Microsoft Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Amazon Web Services
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Tencent Holdings Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Siemens AG
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. International Business Machines Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Multiexperience Development Platforms Market Other Major And Innovative Companies

31.1. Cisco Systems Inc.
31.2. Oracle Corporation
31.3. SAP SE
31.4. Salesforce Inc.
31.5. HCL Technologies Limited
31.6. ServiceNow Inc.
31.7. Globant SA
31.8. Pegasystems Inc.
31.9. Zoho Corporation
31.10. Temenos AG
31.11. Progress Software
31.12. Cigniti Inc.
31.13. Appian Corporation
31.14. Easy Software Inc.
31.15. Outsystems Inc.

32. Global Multiexperience Development Platforms Market Competitive Benchmarking

33. Global Multiexperience Development Platforms Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Multiexperience Development Platforms Market

35. Multiexperience Development Platforms Market Future Outlook and Potential Analysis

35.1 Multiexperience Development Platforms Market In 2028 - Countries Offering Most New Opportunities
35.2 Multiexperience Development Platforms Market In 2028 - Segments Offering Most New Opportunities
35.3 Multiexperience Development Platforms Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer