Asia-Pacific Content Services Platforms Market 2021-2026: IT, Telecom, Retail and Ecommerce Segment to Experience Fastest Growth – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Asia-Pacific Content Services Platform Market – Growth, Trends, COVID-19 Impact, and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com offer.

The Asia-Pacific Content Services Platforms market is valued at USD 3,198.48 million in 2020 and is expected to register a CAGR of approximately 21.46% during the forecast period 2021-2026.

In the Asia-Pacific region, the studied market is expected to grow rapidly, owing to the increase in data traffic and the rapid growth of data and information that needs to be organized in the economically developing countries, such as the ‘India and China.

Highlights

  • The increasing growth of Internet connected users, along with an increasing number of SMEs and cloud service providers, offers significant growth opportunities in the region. Interconnection bandwidth is also accelerating in the region. For example, according to Equinix, the region is expected to grow at 51% per year, contributing over 27% of the world’s interconnect bandwidth, due to rapid urbanization. However, growing issues of privacy and data security are one of the major factors limiting the growth of the market, while the increasing alignment of the CSP strategy with the organization’s strategic ambitions will test even more. the content service platform sector.

  • In addition, the growing demand to provide a better customer experience, as well as the increasing use of SMAC technologies among the population, the growing need to provide a contextualized user experience and the increase of digital content in businesses, are among the main factors that drive PC-based logic analyzes. Marlet. In addition, during the projection period, the increasing adoption of end-to-end cross-platform solutions, the increasing integration of RPA with CSP solutions and the increase in technological developments and modernization of services will offer new opportunities in the content service platform market.

  • On the other hand, the growing concerns of data privacy and security are important factors, which in particular is holding back the growth of the market. In addition, the increasing alignment of CSP strategy with strategic initiatives of organizations could challenge the content service platform market during the forecast period. Customer expectations are shifting around data privacy as it is a front-line issue for consumers and businesses. For a consumer, data privacy means protecting their personal information and their financial health. Failure of data management systems or data leak will adversely affect the growth of the market and may deprive it of any further growth opportunity.

Key market trends

Solutions and software segment expected to account for largest market share

  • Cloud computing has revolutionized data storage in general and has a profound impact on document management systems, thus ensuring that documents are available anytime, anywhere, enabling scalability, making it a solution for small and large businesses. Asia-Pacific is experiencing rapid adoption of digital document management to reduce reliance on paper and facilitate accessibility. In a few countries, such as China, this has reduced labor costs and increased work efficiency, which are the main motivations for running businesses.

Fastest Growing IT, Telecom, Retail and E-Commerce Segment

  • The telecommunications industry is undergoing structural change, with customer channels, content and communication services becoming digital, creating a new ecosystem of value. In the digital age, various suppliers are setting up efficient networks to meet the needs of their customers. Such structural changes create new opportunities for workflow management services in the industry. The increasing advancement of networking technologies and devices is also expanding the reach of IoT content service platforms in the market. According to the GSMA, the early adoption of extended power grids integrated with IoT is expected to generate $ 1.8 trillion by 2026.

  • With the ownership and implementation of digital transformation, the majority of digital transformation is driven by the IT industry. With the increase in data connectivity, vendors are embracing cloud-based and IoT-based content service platforms in the enterprise to help create and manage web content. CMS also allows the tracking and management of web traffic, including visitor activities and searches.

Competitive landscape

The Asia-Pacific Content Services Platform market is moderately fragmented, with a few players like IBM Corporation, Microsoft Corporation, OpenText Corporation, Oracle Corporation, etc., holding a significant market share.

These companies are leveraging strategic innovations and collaborative initiatives to increase their market share and increase profitability. The proliferation of digital content in businesses is expected to be an important driver of the market studied.

As CSPs focus less on centralized document storage and more on how a business can manage its growing needs for data, content, and documents, CSPs apply a strong suite of integrated strategies and technologies to achieve these goals. Thus, an increase in digital content in businesses is expected to drive the market.

Companies mentioned

  • IBM Company

  • Microsoft Corporation

  • OpenText Company

  • Box inc.

  • Oracle Corporation

  • Hyland Software Inc.

  • Laserfiche inc.

  • Hewlett Packard Enterprise (Micro Focus)

  • Adobe Systems Inc.

  • M-Files Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/ijvr41


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Jenny T. Curlee