Global Digital Platforms Market Overview:
One of the fastest-growing markets is the digital platform. Businesses may use digital platforms to improve user experience and attract new customers. The advancement of emerging technologies such as IoT, artificial intelligence, cloud, and analytics are propelling the digital platform industry forward. The majority of businesses are moving to a digital platform for smarter operations. Most businesses are implementing digital platforms for the smart consumption of digital assets in order to improve operational excellence, incorporate intelligent processes, monetize internal resources, and improve customer experience. As a result, the demand for digital platforms is rapidly expanding. Furthermore, digital platforms provide services that enable IT and e-commerce organizations to rapidly address issues and problems in order to provide higher levels of business customer satisfaction at lower costs.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rising Demand for Cost-Effective & Flexible Solution for better Consumer Satisfaction
- Increasing Smartphone and Tablet Market
Roadblocks
Opportunities
- Emergence of Digital Commerce
- Increased Technological Investments such as Cloud Computing
Challenges
- Interoperability and Compatibility Issues
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Salesforce.com, Inc. (United States), Acquia Inc. (United States), ADOBE INC. (United States), International Business Machines Corporation (United States), Liferay, Inc. (United States), Microsoft Corporation (United States), Open Text Corporation (Canada), Oracle Corporation (United States), SAP SE (Germany) and Sitecore (United States). Considering Market by End User Industry, the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the Digital Platforms market. Considering Market by Component, the sub-segment i.e. Software will boost the Digital Platforms market. Considering Market by Deployment , the sub-segment i.e. On-premise will boost the Digital Platforms market.
What Can be Explored with the Digital Platforms Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Digital Platforms Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Digital Platforms
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Platforms market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Digital Platforms market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Digital Platform Provider, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.