With 15.8% CAGR: The Content Services Platform Market worth $101.6 Billion by 2027 Globally - Report by MarketsandMarkets™
Major driving factors for the adoption of content services platforms are the exponential growth of digital content across enterprises, easier access from remote endpoints, increasing need for regulatory compliance, and protection of enterprise data against disaster.
Chicago, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The Global Content Services Platform Market is projected to grow from USD 48.9 billion in 2022 to USD 101.6 billion by 2027, at a CAGR of 15.8% during the forecast period, according to a new report by MarketsandMarkets™. Growing demands for better customer experience, as well as rising utilization of SMAC technology solutions among the users, demand for delivering contextualized user experience, and a rise in digital content across enterprises, are among the major factors boosting the growth of the Content Services Platform Market.
Browse in-depth TOC on "Content Services Platform Market”.
334 - Tables
59 - Figures
307 - Pages
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=334475
Scope of the Report
Market size available for years
Base year considered
Component, Enterprise Size, Deployment Type, Business Functions, Verticals and Regions
North America, Europe, APAC, MEA, and Latin America
Microsoft (US), IBM (US), Open Text (Canada), Hyland (US), Box (US), Laserfiche (US), Adobe (US), Oracle (US), M-Files (US), Newgen Software (India),
The COVID-19 has enhanced the global digital revolution. That has shown a growth in the number of employees working from home or remote locations. Companies adopted teamwork tools, such as Slack, Microsoft Teams, Google Meet, and Zoom. Companies have massive data to manage, share, store, retrieve, and reconcile. The risk of cybersecurity threats and the need for secure remote access of the data have transformed these companies to invest in technology. The demand for a digital workplace has grown during the pandemic.
The major priority for companies is enhancing and maintaining IT infrastructure security. When dealing with a hybrid work environment, there are increasing dangers to businesses, increasing their investments in hybrid cloud storage for disaster recovery. COVID-19 has led to digital transformation across multiple industries, including BFSI, government & public sector, healthcare & life sciences, telecommunications, IT & ITeS, manufacturing, energy & utilities, retail & consumer goods, and media & entertainment. As enterprises’ data is massive and unstructured, they are adopting content services platform solutions and services to reduce the issues, such as storing and managing data.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=334475
The Content Services Platform Market by vertical is segmented into BFSI, government & public sector, healthcare & life sciences, telecommunications, IT & ITeS, manufacturing, energy & utilities, retail & consumer goods, media & entertainment, and other verticals (hospitality, education, and transportation & logistics). The digital revolution in organizations of all sizes across different verticals forces them to focus on various approaches to manage a plethora of content. Abundant digital content is generated and managing such a huge amount of content from various sources increases the need for the adoption of content services platforms among organizations across different verticals.
In 2022, BFSI vertical has captured the highest market share, and the trend is expected to continue during the forecast period. Content services platform solutions for banking and financial services companies provide comprehensive platforms to capture, manage, and analyze content for financial services. Content services platform solutions pertaining to the BFSI sector offer benefits, such as expanding customer service offerings and self-service capabilities to increase the client interaction value chain and enhanced customer service levels.
The Content Services Platform Market by business functions, is segmented into Human Resource (HR), sales & marketing, accounting & legal, and procurement & supply chain management. The growth in the Content Services Platform Market is due to the growing requirements to improve the operations by evaluating internal processes in HR operations. In accounting and legal business functions, the needs to manage fraud and risks by determining creditworthiness and market volatility is another factor fuelling the growth. Further, cloud-based solutions create new growth opportunities in the Content Services Platform Market.
The Content Services Platform Market is segmented into five regions, including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2022, The Asia Pacific is estimated to hold the highest Compound Annual Growth Rate (CAGR) of 21.1% in the Content Services Platform Market. Followed by the Asia Pacific, the Middle East & Africa is expected to be the fastest-growing region in the Content Services Platform Market; it is expected to grow at a CAGR of 19.0% during the forecast period. Emerging economies, such as Brazil, Russia, India, China, and South Africa (BRICS), are also expected to witness growth in implementing content services platform solutions. To tap such growth opportunities, vendors have adopted different growth strategies, such as new product launches and enhancements, partnerships and collaborations, and mergers and acquisitions, to strengthen their presence in the Content Services Platform Market.
Major vendors in the global Content Services Platform Market are Microsoft (US), IBM (US), Open Text (Canada), Hyland (US), Box (US), Laserfiche (US), Adobe (US), Oracle (US), M-Files (US), SER Group (Germany), GRM Information Management (US), Intalio (France), Micro Focus (UK), Newgen (India), Kyochera (Japan), DocuWare (Germany), DocStar (US), Objective (Australia), and D.velop (Germany).
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
Browse Other Reports:
Green Data Center Market - Global Forecast to 2026
Video as a Service Market - Global Forecast to 2026
Voice Biometrics Market - Global Forecast to 2026
Edge Data Center Market - Global Forecast to 2026
Call Center AI Market - Global Forecast to 2027
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: firstname.lastname@example.org