Content Services Platform Market Growth to Accelerate at CAGR Value, Swot Analysis to 2031
The global content services platform market is expected to grow at a rapid rate over the forecast period owing to the cloud-based content services platforms.
PORTLAND, PORTLAND, OR, USA, September 27, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global market Content Services Platform Market Size generated $45.08 billion in 2021 and is expected to reach $202.52 billion by 2031, growing at a CAGR of 16.4% from 2022 to 2031.
The increase in the need for content by large organizations, an increase in the number of small and medium-sized businesses, an increase in internet penetration among people in various countries, and the growth in the adoption of social, mobile, digital technologies. analytics and cloud (SMAC) is expected to drive the growth of the global content services platform market.
An increase in the adoption of content service platforms by various companies and an increase in work-from-home culture among employees during the COVID-19 pandemic has had a positive impact on the growth of the market.
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According to the report published by Allied Market Research, the global content services platform market generated USD 45.08 billion in 2021 and is expected to reach USD 202.52 billion by 2031, growing at a CAGR of 16 .4% from 2022 to 2031.
Based on organization size, the large enterprise segment held the lion’s share in 2021, securing nearly two-thirds of the global market, and is expected to maintain its leading status over the forecast period. The small and medium business segment, on the other hand, is expected to quote the fastest CAGR of 17.9% during the forecast period.
Based on components, the solution segment held the largest market share in 2021, attracting nearly two-thirds of the global market, and is expected to maintain its leading status during the forecast period. The services segment, on the other hand, is expected to show the fastest CAGR of 18.0% during the forecast period.
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Based on the industry vertical, the BFSI segment held the largest market share in 2021, attracting almost a quarter of the global market. The retail and consumer goods segment, on the other hand, is expected to quote the fastest CAGR of 20.1% during the forecast period.
Based on the deployment model, the on-premises segment held the dominant market share in 2021, holding more than half of the global market. The cloud segment, on the other hand, is expected to quote the fastest CAGR of 18.4% during the forecast period.
Based on the region, the market across North America held the dominating market share in 2021, holding more than a third of the global market, and is expected to maintain its leading status during the forecast period. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 18.2% during the forecast period.
Key players analyzed in the global Content Services Platform Industry report include Adobe Inc., DocuWare, Fabasoft AG, Hyland Software Inc., International Business Machine Corporation (IBM), Kyocera Corporation, Microsoft Corporation, Open Text Corporation, Oracle Corporation and Paper Solutions alternatives inc.
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