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Multiexperience Development Platforms Market Share

Report ID: GMI5531
Published Date: Apr 2023
Report Format: PDF

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Multiexperience Development Platforms Market Share

Some of the leading companies involved in the multiexperience development platforms market include:

Microsoft Corporation
Google LLC
SAP SE
Salesforce
OutSystems.

These firms are engaging in strategic partnerships and product innovation tactics to stay ahead in the competitive landscape. For instance, in August 2022, OutSystems, an enterprise software firm, announced the launch of Sodexo Engage, which deployed the OutSystems platform to deliver a secure and robust fully managed service for its public sector customers, in just 12 weeks. This new platform also directly links to the aggregators used to purchase vouchers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of multiexperience development platforms (MXDP) was valued at more than USD 2 billion in 2022 and is primed to progress at over 20% CAGR between 2023 and 2032, propelled by the increasing demand for machine learning, virtual reality, and augmented reality technologies.

The cloud segment is poised to grow at 25% CAGR from 2023 to 2032, as a result of the growing popularity of cloud computing and the cloud deployment model, which supports the low investment cost, flexibility, and scalability of the software.

The BFSI application segment is anticipated to reach a valuation of more than USD 4 billion by 2032, owing to the rising focus of companies on fortifying their market presence for mobile apps, which not only provides highly secure and improved control but also enables seamless integration among participants.

The North America industry is speculated to be worth over USD 5 billion by 2032, on account of the strong presence of leading players in the region, such as Microsoft Corporation, OutSystems, Oracle, Salesforce, Mendix, ServiceNow, and others.