What Has Driven the Growth of the Content Services Platforms Market in Recent Years?
The content services platforms market has seen considerable growth due to a variety of factors.
• The market size for content services platforms has experienced a swift expansion in recent years. A growth is predicted from $61.32 billion in 2024 to $72.88 billion in 2025, showcasing a compound annual growth rate (CAGR) of 18.8%. The historical growth can be credited to the shift to digital content, the ascendancy of enterprise content management (ECM), the incorporation of collaboration tools, increased mobility and access, as well as content analytics and search functionalities.
How Will the Content Services Platforms Market?
The Content Services Platforms market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for content services platforms is predicted to experience a significant upsurge in the forthcoming years. It is projected to expand to $159.23 billion by 2029, boasting a compound annual growth rate (CAGR) of 21.6%.
This substantial growth for the forecasted period could be credited to persistent innovation, sustainable practices, enhancement of customer experience, industry-specific solutions, and the adoption of low-code/no-code trend. The primary trends for this period are set to include solutions based on cloud, integration of AI and automation, improved data security, the enablement of remote work, and the growing demand for content personalization.
Which Factors Are Boosting Growth In The Content Services Platforms Market?
The growth of the content service platforms market is anticipated to be boosted by the increasing need for digital content. Digital content surpasses traditional media by providing a powerful tool for reaching and interacting with the target audience effectively. The quality of digital content underlines its value, encouraging corporations to use content service platforms for tasks such as storage, management, protection, sharing, and content creation through a unified application suite. In support of this trend, Publift, a media company based in Ireland, reported in September 2024 that digital advertising accounted for 67% of worldwide advertising income in 2022, a figure predicted to rise to 70% by 2025. Hence, the enlarging requirement for digital content is expected to be a significant driver for the content service platforms market.
What Key Areas Define The Segmentation Of The Global Content Services Platforms Market?
The content services platforms market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Type: On Premises, Cloud
3) By Business Function: Human Resource, Sales And Marketing, Accounting And Legal, Procurement And Supply Chain Management
4) By Enterprise Size: Large, SMEs
5) By Verticals: Banking, Financial Services, And Insurance, Retail And Consumer Goods, Energy And Utilities, Government And Public Sector, Healthcare And Life Sciences, IT And ITeS, Manufacturing, Media And Entertainment, Telecommunication, Other Verticals
Subsegments:
1) By Solution: Document Management Solutions, Workflow Automation Solutions, Digital Asset Management Solutions, Records Management Solutions
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services
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How Are Emerging Trends Reshaping The Dynamics Of The Content Services Platforms Market?
The progression of technology is a significant trend in the content services platforms market. Prominent firms in this market are leveraging cutting-edge technologies, research, and innovations to solidify their market stance. An example of this can be seen in OpenText, an American IT firm, which announced updates to its Content Cloud in July 2023. These enhancements boost the platform's capability to securely manage enterprise content in the cloud. The revamped platform weaves in AI-driven analytics, allowing businesses to extract more profound insights from their content and optimise their workflows. This, in turn, facilitates improved decision-making.
Who Are the Key Players In The Content Services Platforms Market?
Major companies operating in the content services platforms market include:
• International Business Machines Corporation
• Microsoft Corporation
• OpenText Corporation
• Hyland Software Inc.
• Box Inc.
• Adobe Inc.
• Oracle Corporation
• M-Files Corporation
• Newgen Software Inc.
• Fabasoft AG
• Micro Focus International PLC
• DocuWare Corporation
• Everteam Global Services Inc.
• GRM Information Management Services Inc.
• SER Solutions Deutschland GmbH
• Alfresco Software Inc.
• Kyocera Corporation
• Epicor Software Corporation
• Dropbox Inc.
• Nuxeo Corp.
• Objective Corporation
• ASG Technologies Group Inc.
• SpringCM Inc.
• Systemware Inc.
• Xerox Corporation
• Zoho Corporation
• iManage LLC
• Veeva Systems Inc.
What Is The Most Dominant Region In The Content Services Platforms Market?
North America was the largest region in the content services platforms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the content services platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
