Portland, OR, Aug. 01, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the content services platform market 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 report offers a detailed analysis of the top winning strategies, the changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, stockholders and shareholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
Report coverage and details:
|Year of reference||2021|
|Market size in 2021||$45.08 billion|
|Market size in 2031||$202.52 billion|
|Number of pages in the report||301|
|Segments Covered||Component, Deployment Mode, Organization Size, Vertical, and Region|
|Drivers||Increased need for content by large organizations|
|Increase in internet penetration|
|Opportunities||Increase in the number of small and medium enterprises|
|Growth in adoption of innovative technologies|
|holds back||Complications in data processing|
|Increased awareness of privacy and data security|
- The COVID-19 outbreak has had a positive impact on the growth of the global content services platform market, owing to the occurrence of lockdowns in various countries around the world.
- Lockdowns led to increased demand for content service platforms as more businesses, small to medium and large, increasingly used these platforms to maintain production in unprecedented times during the pandemic. This was mainly due to the closure of physical stores and offices and the social distancing measures implemented following the COVID-19 outbreak.
- There has been an increase in the work-from-home culture during the pandemic, which has led to the rapid adoption of these platforms. Leading regions, such as North America and Europe, already require non-essential business employees to work electronically for an extended period of time.
- Also, increasing internet penetration across the globe will further drive the market expansion post-pandemic.
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The report provides detailed segmentation of the global content services platform market based on component, mode of deployment, organization size, industry vertical, and region.
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.
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.
Get a detailed analysis of the impact of COVID-19 on the Content Services Platform Market:
Based on organization size, the large enterprise segment held the lion’s share in 2021, grabbing 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 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 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.
The main players analyzed in the world 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 Alternative Solutions Inc.
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The report analyzes these key players in the global content services platform market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.