At 6.5% CAGR, Global Content Management Software Market Size … – GlobeNewswire
August 08, 2022 10:00 ET | Source: Facts & Factors Facts & Factors
Pune, INDIA
NEW YORK, United States, Aug. 08, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Content Management Software Market Size, Share, Growth Analysis Report By Traditional Solutions (Enterprise Document Management, Enterprise Web Content Management, Enterprise Records Management, Enterprise Document Collaboration, Digital Rights Management, and Content Analytics), By Applications (Social Content Management, Mobile Content Management, Big Data Management, and Cloud Content Management), By Deployment (Hosted and On-premises), By End-Use Industry (Academic and Education, Banking and Financial Services and Insurance (BFSI), Consumer goods & retail, Energy and Power, Government and defense, Life science and healthcare, Media and telecommunication), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Content Management Software Market size & share was valued at approximately USD 17.5 billion in 2021. The market is expected to grow above a CAGR of 6.5% and is anticipated to reach over USD 25.5 billion by 2028.”
The report analyses the Content Management Software market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Content Management Software market.
What is Content Management Software? How big is the Content Management Software Industry?
The evolving demand dynamics of digital marketers for managing digital content are opening up novel channels for the global content management software (CMS) or system. Enterprise content management (ECM), web content management (WCM), and to some extent, one-to-one marketing are all experiencing growth in the market for content management software. Brands may generate and manage content using CMS tools, including document and digital asset management. They typically provide publishing, format management, revision control, searching, and retrieval.
The fact that content management systems for web publication only require the barest of technical knowledge is a strong argument in favor of their rising popularity. New opportunities are emerging in the industry due to the integration of artificial intelligence (AI) and machine learning into the primary platform of content management software. These technologies are increasingly important in the market for content management software as essential facilitators of many vital applications. One example is the development of personalized technologies.
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Market Dynamics
The main forces propelling the market for content management software are the government, life science, healthcare, retail, consumer goods, and defense sectors’ steadily rising contributions. Additionally, it is projected that the market for content management software will be driven by exponentially growing data requirements and an increase in cloud platforms. Reduced prices for servers, LCD panels, connectivity, and networking equipment are also projected to fuel the expansion of the market for content management software. Market demand is predicted to be driven by improvements in graphics, HD movies, and animation technology that produce transformed material. Additionally, it is anticipated that the rising acceptance of BYOD, smartphones, tablets, mobile productivity apps, and cloud services will propel market expansion.
However, the development of the business content management system market is hampered by high initial implementation costs and SMEs’ lack of knowledge on how to apply the best solution for their particular needs.
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Content Management Software Market: COVID-19 Impact Analysis
The market for content management has benefited from the epidemic. It has become more challenging for businesses to run due to the COVID-19 epidemic and the increase in remote work environments. With the extraordinary new virus epidemic, many firms were forced to scramble to locate a document management solution that streamlined and simplified their business operations. Whether a user works in the office or remotely, CM systems offer access to mission-critical information.
Content management (CM) solutions are used by businesses in various industries to improve workflow efficiency, storage, security, compliance, and the smooth flow of business information in accounts payable, accounts receivable, human resources, and contract collaboration.
Competitive Players
The report contains qualitative and quantitative research on the global Content Management Software Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Some of the main players in the global Content Management Software market;
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Content Management Software Market: Segmentation Analysis
The global content management software market is segregated based on traditional solutions, applications, deployment, end-use industry, and region.
Based on traditional solutions, the market is divided into enterprise document management, enterprise web content management, enterprise records management, enterprise document collaboration, digital rights management, and content analytics. In 2021, enterprise web content management dominated the market. Based on applications, the market is divided into social content management, mobile content management, big data management, and cloud content management. In 2021, content management software’s social content management application dominated the market.
Based on deployment, the market is divided into hosted and on-premises. The rate for hosted deployment is predicted to be the highest in 2021. Based on the end-use industry, the market is divided into academic and education, banking and financial services and insurance (BFSI), consumer goods & retail, energy and power, government and defense, life science and healthcare, media and telecommunication. The healthcare sector acquired a significant market share in 2021.
Regional Dominance:
The global content management software market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. With the largest market share, North America currently controls this market and is anticipated to keep expanding during the projection period. The rapid adoption of modern technologies and a strong emphasis on research and development are the fundamental causes of this expansion. This area benefits from domestication because the U.S. and Canada, two technologically developed nations, are home to the majority of significant vital players in the web content management market.
To secure and manage the volume of data, industry sectors, including BFSI and governments, are heavily investing in ECM solutions. With the rising ECM adoption patterns in nations like Japan, China, and India, the Asia Pacific is anticipated to have the quickest growth rate in the ECM market. The highest CAGR is projected for APAC during the forecast period. The market in this region is expanding due to the growing adoption of content management among small and medium-sized businesses.
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The global content management software market is segmented as follows:
By Traditional Solutions
By Applications
By Deployment
By End-Use Industry
By Region
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