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Multiexperience Development Platforms Market to hit $20 Bn by 2032, Says Global Market Insights Inc.

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Selbyville, Delaware, April 19, 2023 (GLOBE NEWSWIRE) —

The multiexperience development platforms market valuation is predicted to cross USD 20 billion by 2032, as reported in a research study by Global Market Insights Inc.

The growth is influenced by the growing need to create rich and interconnected user experiences. The demand for touchpoints, including Conversational UI, Augmented Reality (AR), Location-based services (LBS), Virtual Reality (VR), and multi-touch interactions, among others, are accelerating in line with the escalating popularity of mobile applications. Besides, the escalating use of technology and digital transformation are bolstering product adoption. Recently, the Europe Union invested more than €4.5 billion in digital transformation in December 2022, which is planned to become available in the 2023-2024 Horizon Europe work program.

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The multiexperience development platforms market from the services segment will exceed USD 5 billion by 2032. These services consist of professional services offered by component providers and managed services offered by third parties. The extensive demand for the maintenance of MXDP due to constant updates and the introduction of new technologies propel the product demand. In May 2022, Google Cloud announced the extension of Contact Center AI with CRM integration and end-to-end management for customer experience.

The MXDP market from the on-premise segment is set to be worth USD 10 billion by 2032. In the upcoming years, the on-premise segment is expected to maintain the largest share as a result of the increasing need to secure confidential data as they provide access to only authorized personnel for sensitive data and information, offering better protection than cloud systems. Moreover, increased security from external breaches is also encouraging companies to deploy multiexperience development platforms on-premises.

The The multiexperience development platforms market from the large enterprises segment is projected to reach USD 5 billion by 2032, supported by the rising uptake of development platforms in large enterprises to ease the operation process. Furthermore, the growing number of large enterprises in developed and emerging economies is driving the market demand.

The MXDP market from the retail and consumer goods application segment is estimated to witness over 20% CAGR between 2023 and 2032. Multiexperience Development Platforms (MXDP) have facilitated the retail industry with low and no-code platforms for developers and non-developers for creating software through graphic consoles instead of outdated programming. No-code and low-code offer effective results to clients demanding custom software. Moreover, the emergence of online shopping trends has fostered the utilization of MXDP with augmented reality for a personalized experience.

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Asia Pacific multiexperience development platforms market will expand at a CAGR of 25% from 2023 to 2032. The region is witnessing rapid expansion of retail and consumer goods, healthcare, IT & telecom, BFSI, and other expanding industry verticals, which are strongly contributing to market progression. As of January 2023, India’s Reliance Jio became the second-largest telecom brand in the world compared to fifth place in 2022, according to Brand Finance 2023 rankings.

Prominent participants operating across the multiexperience development platforms (MXDP) market include Microsoft Corporation, Google LLC, SAP SE, Salesforce and OutSystems. The competitive landscape of the market is poised to showcase several organic growth tactics including acquisitions and partnerships over the upcoming years. For instance, in April 2022, Globant, an IT and software development firm, announced the acquisition of GeneXus to strengthen its product portfolio. GeneXus agreed to provide its low-code platform that simplifies software development and evolution and Artificial intelligence (AI) features that maintain end-to-end solutions ready to run on a variety of devices.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary
2.1    Mutliexperience development platforms industry 360° synopsis, 2018 – 2032
2.2    Business trends
2.2.1    Total Addressable Market (TAM), 2023 – 2032
2.3    Regional trends
2.4    Component trends
2.5    Deployment trends
2.6    Organization size trends
2.7    Application trends
Chapter 3   Mutliexperience Development Platforms Market Industry Insights
3.1    Impact of COVID-19 pandemic
3.1.1    North America
3.1.2    Europe
3.1.3    Asia Pacific
3.1.4    Latin America
3.1.5    MEA
3.2    Russia-Ukraine war impact
3.3    Industry ecosystem analysis
3.3.1    Platforms providers
3.3.2    Service providers
3.3.3    Technology providers
3.3.4    System integrators
3.3.5    Profit margin analysis
3.4    Patent analysis
3.5    Key initiative & news
3.5.1    New product launch
3.5.2    Partnership/collaboration
3.5.3    Merger/acqusition
3.5.4    Business expansion
3.6    Technology & innovation landscape
3.7    Regulatory landscape
3.7.1    North America
3.7.2    Europe
3.7.3    Asia Pacific
3.7.4    Latin America
3.7.5    MEA
3.8    Industry impact forces
3.8.1    Growth drivers
3.8.1.1   Rising need to create rich and interconnected user experiences
3.8.1.2   Increasing investment on MXDP
3.8.1.3   Rising need for low code application development
3.8.1.4   Increasing demand for touchpoints
3.8.1.5   Rapid adoption of advanced technologies
3.8.2    Industry pitfalls and challenges
3.8.2.1   Limited number of devices MXDPs support
3.8.2.2   Maintaining MXDP platforms
3.9    Multiexperience development platforms use case
3.10    Multiexperience development platforms architecture
3.11    Growth potential analysis
3.12    Porter’s analysis
3.13    PESTEL analysis

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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Artificial Intelligence

Huawei Peer-Recognized as a 2024 Gartner® Peer Insights™ Customers’ Choice for Enterprise Wired and Wireless LAN Infrastructure

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — On September 24, 2024, Huawei announced that it has been peer-recognized a 2024 Gartner® Peer Insights™ Customers’ Choice in the Voice of the Customer for Enterprise Wired and Wireless LAN Infrastructure thanks to its Xinghe Intelligent Campus offerings. This marks the fifth year in a row that Huawei has received this distinction. Notably, Huawei receives Customers’ Choice distinctions in four of the six customer segments: Midsize Enterprise (50M – 1B USD); Public Sector, Government and Education; Asia/Pacific; and Europe, the Middle East and Africa.

As of June 30, 2024, customers across diverse sectors — including manufacturing, IT services, education, and telecommunication — have reviewed Huawei’s complete Xinghe Intelligent Campus offerings on the Gartner Peer Insights platform. We believe their impressive feedback showed global recognition of Huawei from the industry influence, deployment scales, and mature commercial use perspectives.
“We’re thrilled to be named a Gartner® Peer Insights™ Customers’ Choice for Enterprise Wired and Wireless LAN Infrastructure again,” said Shawn Zhao, President of Huawei’s Campus Network Domain. “Recently, Huawei launched the newly upgraded Xinghe Intelligent Campus that takes wireless, application, and O&M experience to new levels with AI technologies, ultimately accelerating the digital transformation of enterprises.”
Looking ahead, Huawei will further innovate Xinghe Intelligent Campus offerings from wireless, application, and O&M experience upgrade perspectives, helping all industries stride to the future of experience-centric intelligent campus networks.
For more about Gartner® Peer Insights™ Customers’ Choice, visit: https://www.gartner.com/reviews/market/enterprise-wired-wireless-lan-access-infrastructure 
Disclaimer:
Gartner, Voice of the Customer for Enterprise Wired and Wireless LAN Infrastructure, Peer Contributors, 12 September 2024
Gartner, Peer Insights, Magic Quadrant and Customers’ Choice badge are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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Huawei Wen Tong: 6G Needs to Embrace AI for Shaping Future Network

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — At the 6G Conference held in Istanbul, on September 24, 2024, Dr. Wen Tong, Huawei Wireless CTO, delivered a keynote speech on 6G standardization and innovation. With the release of the ITU-R 6G vision framework, the 3GPP will start 6G standardization in 2025. “6G is a new generation of mobile technology, not a simple upgrade of 5G, it should bring new value to users,” said Dr. Tong, “6G is a true intergenerational technological disruption. 6G standard, key technologies, and network architecture should be re-defined based on application scenarios and requirements from 2030 to 2040. 6G should not be another way to implement 5G. Instead, 6G should embrace the AI revolution with a quantum leap and generate new values for the consumers. In this way, 3GPP standards can truly realize the 6G vision and create greater value for the entire industry.”

Centered “6G Standardization Direction” and “6G Innovation Driving Force”, Dr. Tong shared important views on the future architecture, terminal development, and key technologies of 6G.
In terms of architecture design, 6G should go beyond Service-Based Architecture and move towards Application-Driven Network.
5G has already achieved market success and continues to evolve towards 5G-Advanced. 6G will not simply reuse 5G network architecture, without generational and fundamental innovations, which will limit the mobile industry’s aspiration and imagination to dive the innovation in the 6G era. 6G must have obvious cross-generational characteristics and technical breakpoint.
On the core side, reusing the 5G core network will hinder the innovation in AI. We should use Agentic-AI based technology to re-architect 6G Core that goes beyond 5G Service-Based Architecture and support the foundational capabilities of AI, Sensing and NTN , and thus evolve towards the Application Driven Network .
In terms of terminal evolution, 6G user device calls for a breakthrough to lead the success of the entire industry chain.
It is the law of the mobile industry to drive the evolution of the market with the pioneering technology. The 6G networks and 6G terminals must meet the requirements of consumers and vertical industries in the 6G market phase from 2030 to 2040.
Currently, smartphones are evolving to AI terminals to usher in the mobile AI era. In post-MBB era, breakthroughs in terminal technologies will be the key to the evolution of the mobile industry. Therefore, 6G user device calls for a breakthrough towards “Full-AI”, thus to drive 6G network upgrade and the success of the entire industry ecosystem.
In terms of technology development, AI will become a key enabler for 6G with network paradigm shifting.
Twenty years ago, the Internet was the enabler of the technology innovations. Mobile communications embraced the Internet and achieved great business success. Today, AI maybe the disruptive enabler of the latest technology innovations.
6G should embrace the AI revolution with a quantum leap. However, 6G networks should not be limited to generative AI, Artificial General Intelligence (AGI) and Embodiment-AI are the main directions of future AI development. Therefore, AGI should run through the whole process of sensing, reasoning, decision, and action of terminals, wireless networks, and core networks of 6G, to welcome the arrival of a new network paradigm.
At the end, Dr. Tong Wen emphasized the relationship between 5G and 6G: “The global 5G deployment is on the rise and evolving to 5G-Advanced, which not only meets the current requirements of operators, but also protects their investment. Therefore, 6G technologies should not overlap with 5G in technologies and market space. The specifications, technologies, and architecture of 6G must be based on the scenarios and requirements from 2030 to 2040. We should focus on true generational technology disruption, embrace the new opportunities brought by AI, expand the mobile industry in the next generation.”
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