WKME - WalkMe Cements Category Leadership with Continued AI Innovation Industry Recognition and Financial Growth | Benzinga
SAN FRANCISCO, April 15, 2024 (GLOBE NEWSWIRE) -- WalkMe Ltd. (NASDAQ:WKME), a leading provider of digital adoption solutions, today announced major proof points of its continuing category leadership, as digital adoption platforms (DAPs) gain rapid momentum in a $34B total addressable market (TAM). Achievements include a bold array of AI-centric product innovations and patents, analyst and industry recognition, superior customer service reviews, category-defining thought leadership, and continued financial growth. WalkMe recently announced that its annual flagship event, Realize, will be held on June 18, 2024, where the company will unveil more exciting product advancements to decisively shape the future of AI in the workplace.
WalkMe named a leader in the first-ever IDC MarketScape for DAP
In March, the IDC MarketScape Worldwide Digital Adoption Platforms 2024 report named WalkMe the leader, highlighting its early-mover advantage and AI capabilities powered by its proprietary DeepUI technology. With over a decade of real-world learning, WalkMe has accumulated billions of data points and an unrivaled view into technology usage. Its platform drives the proper adoption and value realization of technology investments, making the company an essential partner in organizations' AI strategies. As GenAI-powered conversational interfaces enter the enterprise, WalkMe is well-positioned to meet the growing needs of the workplace with its extensive portfolio of AI-centric patents, dedicated innovation, and proven capabilities.
"As a pioneer that helped define the Digital Adoption Platform space, WalkMe was recognized for its continuous innovation in AI-driven capabilities and for its proven expertise in accelerating user adoption across workflows in large-scale enterprise deployments," said Gina Smith, Ph.D., Research Director, IT Skills for Digital Business, IDC.
"With a TAM of $34 billion, DAP is poised for explosive growth as companies realize that disjointed digital transformation projects have failed to deliver ROI and, in fact, result in up to $1.14 million in losses weekly per enterprise due to low productivity," said Dan Adika, Co-founder & CEO, WalkMe. "WalkMe stands at the forefront of innovation and is changing the equation for customers. With a robust portfolio of 23 issued patents and 27 patent applications pending, and AI underscored by 8 issued patents and 14 pending applications, WalkMe is propelling the development of the next generation of our digital adoption platform."
WalkMe at the forefront of innovation, continues to win industry awards amid financial growth
Recently TechTarget identified the top 6 change management applications, and WalkMe is the only digital adoption platform to make the list. WalkMe also became a CODiE Award Finalist for Best Digital Employee Experience for the upcoming May 2024 awards, a 2024 Emotional Footprint Champion and Gold Medal Award Winner in Info-Tech's vendor evaluation of Digital Adoption Platforms, a Remote Tech Breakthrough Award winner in December, and recent recipient of numerous other acclaimed awards. Not least, WalkMe is recognized as a Leader and Star Performer for the 4th consecutive time in Everest Group's DAP PEAK Matrix® Assessment 2023. Most importantly, customers are happy and expressing delight, making WalkMe the DAP leader in both satisfaction and market presence on G2. On Gartner Peer Insights, 95% of WalkMe customers are willing to recommend the company and its solutions.
WalkMe's financial growth has marked a transformative year, as it emerged a profitable company with revamped processes and continued operational improvements in 2023. The company is experiencing the benefits of investments in its Federal business, Partner ecosystem, Enterprise grade product, and DAP customer base. WalkMe significantly improved its financial position, generating positive free cash flow for 2023 and reaching non-GAAP operating profit in 3Q23.
Other momentum markers include:
- FedRAMP Certification: WalkMe became the first and only DAP vendor to attain ...