Summary
The global Digital Adoption Platform Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Digital adoption platforms (DAPs) are a type of digital adoption solution that integrates fully with enterprise applications. Digital adoption platform software is/are designed to simplify the adoption of new technology and improve digital transformation efforts. Leveraging a digital adoption platform helps ensure a smooth and complete training process. DAP software is used to unify and streamline business operations and IT systems. The platform serves as a company's backbone for operations and customer engagement.
Market Drivers:
Emergence of new, advanced technologies and need for optimizing digital experiences across all touchpoints is expected to boost the growth of the global digital adoption platform software market during the forecast period. For instance, in February 2021, Whatfix launched two new platforms/solutions, Whatfix for Desktop and Whatfix for Mobile, to help accelerate and drive the adoption of desktop and mobile applications. Enterprises can now deploy Whatfix's Digital Adoption Solutions and leverage the unified digital adoption experience to improve employee productivity and maximize the return on their technology investments. Hence, such factors are expected to drive growth of the global digital adoption platform software market.
Moreover, growing deployment of cloud-based solutions, rapid advancements in technologies (such as AI and IoT), and increasing adoption of digital adoption platform software is expected to propel the global digital adoption platform software market growth over the forecast period.
Market Restraints:
Lack of digital skillset and resources and integration issues with legacy business processes and infrastructure are expected to hamper growth of the global digital adoption platform software market over the forecast period.
Regional Insights:
Among regions, North America, Europe, and Asia Pacific are expected to witness substantial growth in the global digital adoption platform software market due to the increasing adoption of digital adoption platform, advancements in technologies (such as AI and IoT), and growing deployment of cloud-based solutions in these regions. For instance, in July 2021, Whatfix and Microsoft teamed up to support enterprises in adopting the Microsoft Dynamics 365 Suite (to improve/accelerate digital adoption).
Competitive Section:
Major companies involved in the global digital adoption platform software market are Pendo, JoyRide, HelpHero, Spekit, MyGuide, Userpilot, Userlane, Inline Manual, Toonimo, UserIQ, Gainsight PX, Intercom, Whatfix, WalkMe, Appcues, and Apty (formerly letzNav), among others.
For instance, in November 2020, Whatfix announced the launch of the first-ever Digital Adoption Platform (DAP) Playbook by Everest Group, leading research and consulting firm.
The Digital Adoption Platform Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Digital Adoption Platform Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Pendo
- Appcues
- WalkMe
- Whatfix
- Intercom
- Gainsight PX
- UserIQ
- Toonimo
- Inline Manual
- Userlane
- Userpilot
- MyGuide
- Apty (formerly letzNav)
- Spekit
- HelpHero
- JoyRide
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Digital Adoption Platform Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Digital Adoption Platform Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Digital Adoption Platform Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Digital Adoption Platform Software Market
The Digital Adoption Platform Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Digital Adoption Platform Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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