The global content experience platforms market is projected to have a moderate-paced CAGR of 9.7% during the forecast period. The current valuation of the market is USD 4.91 billion in 2022. The market value of the global content experience platforms market is anticipated to reach a high of USD 12.4 billion by the year 2032. This growth is supported by:
Although the market is advancing in a healthy pathway, it has been revealed by the expert analysts at FMI after in-depth analysis that the lack of skilled professionals in developing nations and concerns related to updating solutions can limit the growth of the forum in the long run.
| Attributes | Details |
|---|---|
| Global Content Experience Platforms Market Size (2022) | USD 4.9 Billion |
| Global Content Experience Platforms Market Size (2032) | USD 12.4 Billion |
| Global Content Experience Platforms Market CAGR (2022 to 2032) | 9.7% |
| USA Content Experience Platforms Market Size (2032) | USD 4.4 Billion |
| USA Content Experience Platforms Market CAGR (2022 to 2032) | 9.5% |
| Key Takeaways | Showpad Content, ON24, RelayTo, Paperflite, Outgrow, ClearSlide, Uberflip, PathFactory, Foleon, Consensus |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
As per the analysis of FMI, North America dominated the global market share of content experience platforms in the base year, accounting for over 35%. The USA has gradually made progress during the period of 2015 to 2021, recording a CAGR of 10.6%. Soaring digital transformation and the desire of organizations to serve customers with better information is fueling market growth in North America.
The Asia Pacific is expected to grow as the fastest-developing regional market over the forecast period. Factors such as the growth of the IT industry, rise in per capita incomes, and the high-volume sales of smartphones and tablets are a few of the crucial factors contemplated to drive the deployment of content experience platforms by organizations in the Asia Pacific region.
Additionally, the presence of developing economies like India and China, which are rapidly adopting new technologies is also expected to accelerate the growth of the market in the long run.
Europe is likely to record a significant CAGR over the forecast period, rising adoption of cloud-based technology and digitalization is contributing to the expansion of market size for content experience platforms in this region.
Market players are observed to invest heavily in research and development activities to support organic growth and enhance their internal operations. Organizations can be seen forming strategic alliances to expand their presence across multiple touchpoints and be more impactful. They are also acquiring new technologies to upgrade their existing products to capture new customers and increase their respective market shares.
For instance, SAP SE and Accenture Plc decided to work together to float across a co-created platform based on SAP S/4HANA Cloud for the oil and gas industry. This coordinated effort was pointed toward decreasing the intricacy across upstream operations in the business.
Principal Consultant
As per the Content Experience Platforms Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Content Experience Platforms increased at around 10.9% CAGR. With a projected CAGR of 9.7%, the market is projected to reach a valuation of USD 12.4 Billion by 2032.
One of the key factors responsible for the growth of the digital experience platform market is the steadily increasing implementation of cloud-based solutions across numerous sectors. Organizations' proposals to deliver personalized, improved, and assimilated user engagement and participation throughout diverse marketing channels, as well as the growing demand for platforms to comprehend clients' basic needs, are driving future growth.
The growing usage of Digital Experience Platforms (DXPs) by marketing professionals for the purpose of trying to reach clients across numerous electronic devices and trying to promote cross-selling and upselling, as well as huge demand due to precise data collected through DXPs used for marketing and promotions, are impacting the market.
Furthermore, the attempt to reduce bounce rate, growing adoption of big data analytics, urban development and automation, and preferred outcome for omnichannel strategy have a positive impact on the digital experience platform market. Moreover, the surge for highly personalized experiences for every consumer in real-time, as well as the availability of technologies like AI, data analytics, and cloud, provide lucrative opportunities to market participants.
Voice Commerce's evolving use is anticipated to help the growth of the Digital Experience Platform as a conduit for selling various products and services. The user can make their own choice or be directed by a voice-activated device that recommends the best products to buy. These trends are expected to drive demand for the digital experience platform market as well.
There is a growing necessity to better understand customers. Increasing demand for CEM solutions is a critical element in boosting market growth, as is raising consumer-related scores, which assist organizations in developing better consumer practices. Also, the increasing need for intelligence and expertise to predict customer goals, rising market research and planning activities specializing in customer experience, and increased access to data from a customer intelligence platform can be used to create the best CX strategy, opening up new opportunities for customer experience platforms.
The digital experience platform enables enterprises to utilize, generate, and organize content across multiple digital channels. The platform hosts digital content on the internet and tries to acquire, manage, and introspectively interpret information. The overabundance of website and mobile app information, the growing emphasis on providing customer-centered apps to provide customer satisfaction, and the growing need to regulate and reduce capital and operational spending are some of the forces influencing the application of digital experience platforms.
The digital experience platform industry is growing attributed to reasons such as its capacity to assist customers, learn and know their immediate needs, lowering buyer attrition, rising cloud-based solution rollout, and growing interest for big data analytics. Another factor supporting the growth of the digital experience platform industry is the escalating use of sophisticated applications such as artificial intelligence and machine learning, database management, and cloud computing.
However, the executives staffed in customer experience platforms' dearth of patience and guidance, as well as the limited real-time reaction or reviews recommended in these platforms, are among the key factors limiting market growth, while growing challenges in securing continuous CX feedback throughout all networks, increasing complexity in coordinating CX data collected from different touch - points within various realms, and increasing data security and privacy concerns are further challenging market growth.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The largest share of the retail market comes from its retail business. This one-day breakthrough can be attributed to the rapid growth of companies specializing in consumer-centric strategies, and, as a result, the interest in pricing systems and personalized items directed toward buyers. Retailers are also taking advantage of advanced technologies such as Artificial Intelligence and Machine Learning to understand how people are consuming services and products as a result of their social-media interactions buying, and surfing histories.
Market through BFSI end-user is anticipated to grow at the fastest rate. This is partially due to the fact that increased consumer interest in traditional and digital banking services has resulted in a growing preference for traditional and mobile banking. On top of that, the abjection trend of millennials is expected to play a large role in the further development of digital banking. As a result, a vast majority of banks and financial institutions rely on DXPs to provide unique and interactive content to their customers. These factors are anticipated demand for DXPs in this market.
Organizations benefit from digital experience platform services in multiple ways, including increased Return on Investment, lower expenses, and improved business activity performance. The service segment is expected to grow significantly over the forecast period due to the growing demand for services such as training and consulting.
In 2021, North America held the largest share in the global Content Experience Platforms market. The companies in the region have been focusing on customer loyalty and retention. Alongside, the pervasiveness of digital and conventional retail industry channels, North America leads the digital experience platform market. In the region, the tourism and leisure sector is rapidly adopting digital experience platforms. The growth of digital experience platform technology will persist to rise as a result of the client-centric culture.
Besides, due to the increasing application of emerging technologies such as cloud computing, Cybernetics, and business intelligence, the region is expected to grow the most during the forecast period.
By the end of 2032, the United States is expected to account for the largest market share of USD 4.4 Billion. The market in the country grew at a significant CAGR of 10.6% from 2015 to 2021. The USA dominates the customer experience platforms market as a result of soaring digital transformation throughout multiple industries such as general merchandise, telecommunications, and financial services, as well as substantial investment and budget allocations for marketing and digital streams among businesses in this area.
Cloud-based Content Experience Platforms commanded the largest revenue and grew at a CAGR of nearly 10.7% during 2015 to 21. The market through cloud deployment of content experience platforms is forecasted to grow at a CAGR of 9.5% during the forecast period. The segment is anticipated to spur during the projected period as a result of benefits such as reduced costs, comfortability, versatility, and additional security.
Furthermore, the growing demand for cloud-based content experience platforms due to faster implementation and lower investments in infrastructural facilities could drive segment growth. Cloud deployment benefits businesses by providing on-demand adaptability with an easy drag-and-drop interface, automating workflow, requiring little servicing, enhancing operational flexibility, and requiring little operational personnel.
Market revenue through Media and Publishing is forecasted to offer significant opportunities with a projected growth of 9% during the forecast period. The increased usage of social networking, file sharing, cloud platform, internet applications, and podcasting is crucial in encouraging businesses to invest in digital experience platforms. Organizations can use content experience platforms to understand their customers' instantaneous needs and deliver the appropriate content via different digital channels.
Some of the key players in the content experience platforms market include Showpad Content, ON24, RelayTo, Paperflite, Outgrow, ClearSlide, Uberflip, PathFactory, Foleon, and Consensus.
Some of the key developments in the Content Experience Platforms Market include:
Similarly, recent developments related to companies in Content Experience Platforms Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global Content Experience Platforms Market is worth more than USD 4.5 Billion at present.
The value of the Content Experience Platforms Market is projected to increase at a CAGR of around 9.7% during 2022 to 2032.
The value of the Content Experience Platforms Market increased at a CAGR of around 10.9% during 2015 to 2021.
Increasing implementation of cloud-based solutions across sectors, growing adoption of big data analytics, urban development and automation, and growing usage of Digital Experience Platforms is expected to shape the market growth.
The market for Content Experience Platforms Market in China is projected to expand at a CAGR of around 9.1% during 2022 to 2032.
While the market in South Korea is expected to grow at nearly 7%, the market in Japan is projected to register a CAGR of nearly 8.2% during 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Risks and Trends Assessment 4. Market Background and Foundation Data Points 5. Key Success Factors 6. Global Content Experience Platforms Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032 7. Global Content Experience Platforms Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032 8. Global Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Type 8.1. Cloud Based 8.2. On Premises 9. Global Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application 9.1. BFSI 9.2. IT and Telecom 9.3. Media and Publishing 9.4. Retail 9.5. Others 10. Global Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. Middle East and Africa (MEA) 11. North America Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032 12. Latin America Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032 13. Europe Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032 14. Asia Pacific Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032 15. Middle East and Africa Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032 16. Key Countries Content Experience Platforms Market Analysis 2015 to 2021 and Forecast 2022 to 2032 17. Market Structure Analysis 18. Competition Analysis 18.1. Showpad 18.2. ON24 18.3. ClearSlide 18.4. Uberflip 18.5. PathFactory 18.6. Outgrow.co 18.7. Tiled 18.8. Setka 18.9. Paperflite 18.10. Skyword 18.11. Hushly 18.12. Foleon 18.13. Spott 18.14. Triblio 18.15. OneSpot 19. Assumptions and Acronyms Used 20. Research Methodology
Explore Technology Insights
View Reports
Content Experience Platforms Market
