The Global Content Services Platform Market Size is Expected to Grow at a Compound Annual Growth Rate (CAGR) of 15.8%
over the forecast period, to reach USD 101.6 billion by 2027 from USD 48.9 billion in 2022. The content services platform has enabled organizations to securely manage enterprise data unstructured and generate crucial information for business operations.
New York, June 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Content Services Platform Market with COVID-19 Impact Analysis by Component, Enterprise Size, Deployment Mode, Business Function vertical and region – Global forecast to 2027” – https://www.reportlinker.com/p05773301/?utm_source=GNW
It enables organizations to eradicate ad hoc processes by ensuring compliance with key security and regulatory standards.
According to the business function, the human resources segment is expected to grow at the highest CAGR during the forecast period
The content services platform market is segmented and sub-segmented into human resources (HR), sales & marketing, accounting & legal, and purchasing & supply chain management. According to business functions, HR is expected to grow at the highest CAGR over the forecast period. .
Human Resource Management service is one of the essential services of every organization involved in managing employee-related processes, from recruitment and onboarding to payroll and administration. Traditionally, to manage employee databases for performance management and employee tracking, various enterprise resource planning (ERP) suites or human resource information system (HRIS) solutions are used. to cover basic HR activities and processes. Human resource systems help human resources maintain, manage and process detailed employee information and human resource related policies and procedures. However, ERP and HR software lacks certain features. Therefore, organizations in various verticals use content services platforms in the HR department to manage unstructured employee content.
Based on deployment mode, on-premises to have the highest market size over the forecast period
Based on the mode of deployment, the on-premises market size is estimated to be highest during the forecast period in the content services platform market. On-premises solutions are provided for a one-time license fee plus a service contract.
For huge infrastructure and private data center which are crucial for installing solutions in on-premises deployment, it comes with cost. As a result, SMBs typically face the problem of choosing between hosted and on-premises solutions.
However, companies with good capital funding prefer on-premises solutions as they offer enhanced security related to cloud-based solutions.
By component, solutions to grow at the highest CAGR during the forecast period
Based on components, solutions are estimated to hold the highest compound annual growth rate (CAGR) in the content services platform market. case management, information security and governance and other solutions.
Other solutions include collaboration, version control and eDiscovery. Solution providers offer tailor-made solutions to businesses based on business needs.
Content Services Platform solutions enable organizations to meet demands while helping businesses grow.
Distribution of primaries
In-depth interviews were conducted with CEOs, chief innovation and technology officers, system integrators and executives from various key organizations operating in the content services platform market.
• By company: Level I: 35%, Level II: 45% and Level III: 20%
• By designation: C-level executives: 35%, D-level executives: 25% and managers: 40%
• By region: APAC: 25%, Europe: 30%, North America: 30%, MEA: 10%, Latin America: 5%
The report includes the study of key players offering Content Services Platform solutions and services. It profiles the major vendors of the Content Services Platform market.
Some of the major vendors in the Content Services Platform Market are Microsoft (USA), IBM (USA), Open Text (Canada), Hyland (USA), Box (USA), Laserfiche (US), Adobe (US), Oracle (US), M-Files (US), SER Group (Germany), GRM Information Management (US), Intalio (France), Micro Focus (UK), Newgen (India), Kyocera (Japan), DocuWare (Germany), DocStar (US), Objective (Australia) and D.velop (Germany).
The market study covers the content services platform market across all segments. It aims to estimate the market size and the growth potential of this market on different segments, such as component, business function, deployment type, company size, vertical and region.
It includes an in-depth competitive analysis of major market players along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Purchasing the Report
The report would provide market leaders/new entrants in this market with information on the closest approximations of revenue figures for the overall Content Services Platform market and its sub-segments. It would help stakeholders understand the competitive landscape and acquire more information to better position their business and plan appropriate go-to-market strategies.
It also helps stakeholders understand the pulse of the market and provides them with insights on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05773301/?utm_source=GNW
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