According to a new report, published by KBV research, The Global Digital Adoption Platform Market size is expected to reach $2.8 billion by 2030, rising at a market growth of 23.2% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 24.8% during (2023 - 2030). This is due to a rise in SMEs' use of digital technology and online sales during the pandemic. Given the difficulties businesses face during the pandemic, digital business transformation is seen to be a successful business approach. Their digital adoption procedures and capacities were continually upgraded as a result. Furthermore, through collaborating and offering technical support and assistance via technology extension programs and self-assessment tools, governments and major players are concentrating on scaling up SME capabilities.
The BFSI segment is leading the Global Digital Adoption Platform Market by End User in 2022 thereby, achieving a market value of $589.4 million by 2030. Due to trends including improved user experiences and an increase in the usage of digital platforms for various transactions, the transition to digital banking happened quickly. Accenture reports that 49% of consumers believe prompt customer service is important for fostering loyalty. Integrating digital technology in BFSI offers immediate aid to diversifying methods of interacting with clients and fostering stronger connections.
The On-premise segment has shown the growth rate of 21.2% during (2023 - 2030). An on-premises DAP provides more control and data privacy. Organizations have more control over the software's setup, personalization, and system integration with on-premises DAPs. With legacy systems already in place and hosted on-premises, on-premises DAPs may be quickly and simply integrated. This enables businesses to make the most of their present infrastructure and investments without significant data transfers or system reconfigurations.
The User Onboarding segment is generating the highest revenue share in the Global Digital Adoption Platform Market by Application in 2022 thereby, achieving a market value of $919.8 million by 2030. Due to rising user acquisition and retention expenses, the user onboarding segment witnessed significant growth. They implemented self-serve technologies, automation, and organized training programs, all aiding users in their value transformation journeys. By guaranteeing that consumers can benefit from goods, digital adoption helped to reduce customer turnover.
The North America market dominated the Global Digital Adoption Platform Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1 billion by 2030. The Europe market is experiencing a CAGR of 22.7% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 23.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/digital-adoption-platform-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of WalkMe Ltd., Whatfix, AppLearn Ltd., Appcues, Inline Manual Ltd., Newired, Userlane, Toonimo, UserGuiding and Pendo.io, Inc.
By Enterprise Size
By End User
By Deployment Mode
By Application
By Geography
Companies Profiled
Unique Offerings 
