First-ever Gartner Market Guide for Digital
Adoption Platforms becomes latest milestone in the DAP category
journey; Includes WalkMe among 13 representative vendors in the DAP
space
SAN
FRANCISCO, Oct. 4, 2022 /PRNewswire/ -- WalkMe
Ltd. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced its inclusion in the 2022 Gartner®
Market Guide for Digital Adoption Platforms, the first market scan
of the DAP category by Gartner. WalkMe believes the report is the
latest evidence of the DAP tipping point the industry is witnessing
as research firms, including Gartner, Forrester, and IDC, are now
officially covering digital adoption platforms as its own category.
In addition, visionary boutique analyst firm, Everest Group,
recently published its PEAK Matrix for DAP in which WalkMe was
named the leading digital adoption platform for the third
consecutive year.
In the latest publication, 2022 Gartner® Market Guide for
Digital Adoption Platforms,* 14 out of the 40+ vendors in the DAP
space today are recognized as Representative Vendors, noting each
one's usage for applications (other than cloud) and language
capabilities while providing key findings, recommendations, and
market analysis of the DAP category. The report also states, "By
2025, 70% of organizations will use digital adoption platforms
across the entire technology stack to overcome still insufficient
application user experiences."
"Coverage commitment by the largest analyst firms is monumental
for the DAP space," said Dan
Adika, Co-founder and CEO, WalkMe. "It validates the
vision of the early adopters and gives the next wave of customers
the confidence that DAP should be the standard for
enterprise-wide technology deployments. In our recent State of
Digital Adoption research, we saw a growing number of
organizations really understanding the value of DAP as nearly 1,500
IT leaders said they planned to invest an average of $30M in digital adoption over the next three
years. This, along with industry analyst commitment to DAP, really
demonstrate the momentum we are seeing in the space."
Founded in 2011, WalkMe created the Digital Adoption Platform
category. A decade later, with users in more than 160 countries,
WalkMe is trusted by ~2,000 customers, including 80% of the Fortune
10. WalkMe holds 10 distinct technology patents with another six
pending, and has achieved more than 45 industry awards, including:
Infoworld Technology of the Year 2022 and Business Intelligence
Group's Artificial Intelligence Excellence Award 2022.
"Eleven years ago, we identified a challenge, took a concept we
believed in, created a product, and told countless stories,"
Adika continued. "This was the critical education required
as a category creator, and it has proven to be a critical part of
becoming the market leader. We are excited to see the tipping point
for DAP, and even more excited about what's next for WalkMe."
Additional Resources:
- Read Dan Adika's blog post on
the tipping point for DAP.
- Download 2022 Gartner® Market Guide for Digital Adoption
Platforms here.
- Visit the WalkMe Website
Gartner, Market Guide for Digital Adoption Platforms, By
Melissa Hilbert, Maria Marino, Stephen
Emmott, 14 September
2022.
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally and is
used herein with permission. All rights reserved. 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 & Advisory 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.
About WalkMe
WalkMe's cloud-based digital adoption platform enables
organizations to measure, drive and act to ultimately accelerate
their digital transformations and better realize the value of their
software investments. Our code-free platform leverages our
proprietary technology to provide visibility to an organization's
Chief Information Officer and business leaders, while improving
user experience, productivity and efficiency for employees and
customers. Alongside walkthroughs and third-party integration
capabilities, our platform can be customized to fit an
organization's needs.
Special Note
Regarding Forward-Looking Statements:
Certain statements in this press release may constitute
"forward-looking" statements and information, within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995 that
relate to our current expectations and views of future events. In
some cases, these forward-looking statements can be identified by
words or phrases such as "may," "might," "will," "could," "would,"
"should," "expect," "plan," "anticipate," "intend," "seek,"
"believe," "estimate," "predict," "potential," "continue,"
"contemplate," "possible" or similar words. These forward-looking
statements are subject to risks, uncertainties and assumptions,
some of which are beyond our control. In addition, these
forward-looking statements reflect our current views with respect
to future events and are not a guarantee of future performance.
Actual outcomes may differ materially from the information
contained in the forward-looking statements as a result of a number
of factors, including, without limitation, the following: our
ability to manage our growth effectively, sustain our historical
growth rate in the future or achieve or maintain profitability; the
impact of the COVID-19 pandemic or adverse macro-economic changes
on our business, financial condition and results of operations; the
growth and expansion of the markets for our offerings and our
ability to adapt and respond effectively to evolving market
conditions; our estimates of, and future expectations regarding,
our market opportunity; our ability to keep pace with technological
and competitive developments and develop or otherwise introduce new
products and solutions and enhancements to our existing offerings;
our ability to maintain the interoperability of our offerings
across devices, operating systems and third-party applications and
to maintain and expand our relationships with third-party
technology partners; the effects of increased competition in our
target markets and our ability to compete effectively; our ability
to attract and retain new customers and to expand within our
existing customer base; the success of our sales and marketing
operations, including our ability to realize efficiencies and
reduce customer acquisition costs; the percentage of our remaining
performance obligations that we expect to recognize as revenue; our
ability to meet the service-level commitments under our customer
agreements and the effects on our business if we are unable to do
so; our relationships with, and dependence on, various third-party
service providers; our dependence on our management team and other
key employees; our ability to maintain and enhance awareness of our
brand; our ability to offer high quality customer support; our
ability to effectively develop and expand our marketing and sales
capabilities; our ability to maintain the sales prices of our
offerings and the effects of pricing fluctuations; the
sustainability of, and fluctuations in, our gross margin; risks
related to our international operations and our ability to expand
our international business operations; the effects of currency
exchange rate fluctuations on our results of operations; challenges
and risks related to our sales to government entities; our ability
to consummate acquisitions at our historical rate and at acceptable
prices, to enter into other strategic transactions and
relationships, and to manage the risks related to these
transactions and arrangements; our ability to protect our
proprietary technology, or to obtain, maintain, protect and enforce
sufficiently broad intellectual property rights therein; our
ability to maintain the security and availability of our platform,
products and solutions; our ability to comply with current and
future legislation and governmental regulations to which we are
subject or may become subject in the future; changes in applicable
tax law, the stability of effective tax rates and adverse outcomes
resulting from examination of our income or other tax returns;
risks related to political, economic and security conditions in
Israel; the effects of unfavorable
conditions in our industry or the global economy or reductions in
information technology spending; factors that may affect the future
trading prices of our ordinary shares; and other risk factors set
forth in the section titled "Risk Factors" in our Annual Report on
form 20-F filed with the Securities and Exchange Commission on
March 24, 2022, and other documents
filed with or furnished to the SEC. These statements reflect
management's current expectations regarding future events and
operating performance and speak only as of the date of this press
release. You should not put undue reliance on any forward-looking
statements. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
that future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Except as required by applicable law, we
undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
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SOURCE WalkMe