The digital adoption platform software market was valued at US$ 43.11 Million in 2018 and is estimated to reach US$ +162.84 Million by 2029, growing at a CAGR of +15.5% over the forecast period. Business practices today are predominantly encompassed by the ever-changing digital environment and adoption of new technology. Organizations are therefore undertaking several digital transformation projects to introduce multiple software products into their ecosystem. It is through digital adoption platforms (DAPs) that the process of new software learning is simplified, in addition to ensuring a seamless user experience. This in return contributes to effective and efficient usage of the digital project. DAP thus attributes to the success of digital transformation by eliminating the negative effects of unfamiliar and complex software. This has evolved as a major factor contributing towards the growth of global digital adoption platform software market.
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The primary market participants in the Digital Adoption Platform Software Market are 3D Results, Accenture, AetherPal, Appcues, AppLearn, Infosys, Inline Manual Ltd, Shortways, Toonimo, UserIQ, USERLANE, WalkMe, Whatfix Inc., and other market participants.
The digital adoption platform software market participants provide platform-agnostic DAP, for instance, WalkMe. This special feature allows the DAP to be more adaptive to any work environment, in addition to being compatible with any software, technology or mobile application. The growing need among organizations to customize and prefer user-friendly solutions for digital transformation projects is thereby supplementing the market growth. There has been an unprecedented wave of digitization in the field of healthcare, pharmaceuticals and biotechnology. These digital adoption platform software industries are joining hands with artificial intelligence, augmented reality, virtual reality and other technology-based solutions for improved healthcare communications. Combined with machine learning and artificial intelligence, DAPs are providing tailored guidance in real time based on individual users’ and area specific needs. The healthcare industry is thus estimated to become one of the fastest growing segments over the forecast period.
In addition, implementing DAP reduces the onboarding time, and minimizes user resistance to new software technologies. This further also enhances user satisfaction and morale. Moreover, the cost-effective feature of DAPs and its ability to produce better results than alternatives is an underlying driver for the digital adoption platform software market. However, the growing concerns over complications induced by digital transformations and increasing adoption of LMS, HRM, CRM Tools, among others is restraining the market growth. The businesses, i.e., large firms and small and medium-sized enterprises (SMEs), deal with fierce competition, tight budgets, and demanding customers. However, the adoption rates of emerging technologies in large enterprises are higher than in small businesses, owing to higher investment budgets. A similar trend is reflected in the global digital adoption platform software market, wherein large enterprises held the largest market share in 2018.
The report provides both, qualitative and quantitative research of digital adoption platform software market. It is a definite source which provides penetrative insights into the rational scenario and favored development methods adopted by key contenders based on the past and current situation of the market. The report also offers extensive research on the key players in the market in addition to a comprehensive overview on their competitiveness. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also meticulously highlighted. For each company, the report recognizes their headquarters, competitors, product/service type, application and specification, pricing, and gross margin.
Global Digital Adoption Platform Software Market
- By Type
- On Premise
- Cloud Based
- By Solution
- User Onboarding
- Product Training
- Change Management
- Employee Engagement
- Others (Website Navigation, Campaign Management, Etc.)
- By Application
- Small and Medium Enterprises
- Large Enterprises
- By Industry
- Retail and E-Commerce
- Education
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Government
- Information Technology
- Travel & Hospitality
- Others (Media & Entertainment, Telecommunication, Etc.)
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Norway
- Sweden
- The Benelux Union
- Belgium
- The Netherlands
- Luxemburg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East and Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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