(MENAFN- America News Hour)
A recently published report by Research Nester on
“ global content management software market : Global Demand Analysis & Opportunity Outlook 2027 ”
delivers a detailed overview of the content management software in terms of market segmentation by deployment, by solution, by end-user, and by region.
Further, for the
in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter's five force model.
The content management software market is segmented by deployment into on-premise and cloud; by solution into document management, imaging & capturing, case management, records management, web content management, digital asset management, mobile content management, and others; by end-user into aerospace & defense, BFSI, public sector, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. The global content management market is anticipated to record a significant CAGR of 16.5% over the forecast period i.e. 2019-2027.
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Web content management is a kind of software system comprised of a set of tools enabling organizations to manage digital information on a website. Web content management has become an integral part for the growth of an organization as content marketing has become the key to executing digital marketing campaigns. Web content management system enables the organizations to utilize a central interface for editing and addition of content and different types of media before publication.
Rapid increasing contribution from various sectors such as government, life science, healthcare, retail, consumer goods, and defense are the major factors driving the content management software market. Additionally, gradual rising in requirements of the data coupled with increasing number of cloud platforms is further anticipated to boost the market growth over the forecast period.
Various industries have opted for digitalization in their process owing to benefits associated with digital content such as better customer relationships, innovations in products and services, cost savings, and enhanced decision-making capabilities. This has led to exponential growth of commercial data.
However, rising difficulty in gathering information coupled with lack of knowledge of end-users may pose challenge towards the market growth. Further, increasing complexity of this software and rising expectation of end-users are expected to operate as a key restraint to the growth of content management software market over the forecast period.
North America market is anticipated to hold the significant share in content management software market over the forecast period. High awareness about content management software and increasing adoption of advanced digital methods in various industries to smoothen the workflow is projected to drive the market growth over the forecast period. Moreover, high investments for the development of new devices and software will further boost the regional market. The well-established IT industry of the U.S. is significantly contributing to the huge share of the country in the region. Furthermore, the large consumer base preferring technically advanced customer interface software is also expected to propel the market growth in the region.
Europe region is estimated to hold the second-largest share in revenue terms of the global content management software market, owing to strong IT base and favorable government regulations in the region. Countries such as Germany and the UK are predicted to dominate the European content management software market due to rapidly developing technologies and high adoption of management software tools. These software tools assist the organization in managing digital information on website through creating and maintaining content without prior knowledge of markup languages.
This report also provides the existing competitive scenario of some of the key players of the content management software market which includes company profiling of Microsoft Corporation, Xerox Corporation, Hyland Software and M-Files. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts a detailed overview of the content management software market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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