Content Services Platforms Market Worth $190.59 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Jan. 18, 2023 /PRNewswire/ -- The global content services platforms market size is anticipated to reach USD 190.59 billion by 2030, registering a CAGR of 17.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for content services platforms owing to their benefits such as easy-to-use interface, improved content management, improved security in cloud storage, enhanced hybrid cloud management, and application integration is driving the market growth. In addition, factors such as rising demand for providing contextualized user experience, growing adoption of Social, Mobile, Analytics, and Cloud (SMAC) technologies, the increasing adoption rate of advanced technologies, and the developing trend of digitalization are expected to attribute to the content services platforms market growth during the forecast period.

Key Industry Insights & Findings from the report:

• By component, the solutions segment accounted for the major revenue share of 60.2% in 2022 and is anticipated to maintain its dominance during the forecast period. Increasing adoption of content services platforms by organizations for applications such as records management for compliance, contract management, and in automation of end-to-end document operations is driving the segment growth.
• The services segment is expected to witness the fastest growth rate of 17.9% during the forecast period. Rising demand for the services such as deployment & integration, support & maintenance, and training & consulting is expected to boost the segment growth.
• In terms of enterprise size, the large-size enterprises segment dominated the market and held the largest revenue share of 68.6% in 2022. Increasing investment in new technologies, along with early and rapid adoption of the content services platforms by large enterprises, is driving the segment growth.
• The small & medium-sized enterprises segment is expected to witness the fastest growth rate of 18.7% during the forecast period. The high adoption rate of advanced and new technologies by SMEs, and the low-cost and easy installation benefits of content services platforms are propelling the segment growth.
• Based on deployment, the cloud segment is expected to develop at a higher CAGR of 20.3% during the forecast period. The growing need for easier deployment, procurement, operations, and access to new technologies by end-use industries is boosting segment growth. The on-premise segment captured a significant revenue share of 46.5% in 2022. Surged adoption of on-premise content services platforms to reduce data security concerns is attributed to the segment growth.
• In terms of end-use, the IT & telecommunications segment accounted for the major revenue share of 23.8% in 2022 and is anticipated to maintain its dominance during the forecast period. Growing demand for content services platforms in the IT and telecommunications sector owing to ever-increasing volumes of data is fueling the segment growth.
• Asia Pacific dominated the market and is expected to advance at the fastest CAGR of 18.6% during the forecast period. The market growth is attributed to the rise in investments in the BFSI and IT sectors and the rapid growth of the end-use industries. North America held a significant market share of 22.2% in 2022 and is expected to retain its position during the forecast period. Rising investments in advanced solutions and technologies and the presence of leading market players are major factors behind the market growth in this region.

Read 100-page market research report, "Content Services Platforms Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Enterprise Size, By Deployment (Cloud, On-premise), By End-use, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Content Services Platforms Market Growth & Trends

The use of digital solutions amid the COVID-19 outbreak has accelerated the adoption of technologies, including artificial intelligence, blockchain, and Application Programming Interface (APIs), in sectors such as IT & telecommunications, retail & consumer goods, and BFSI. Therefore, these industries are anticipated to present numerous opportunities for the growth of content services platforms in the coming years. In addition, lockdown and social distancing restrictions during the pandemic improved the deployment of online content services platforms in both developing and developed economies

Content Services Platforms Market Segmentation

Grand View Research has segmented the global content services platforms market based on component, enterprise size, deployment, end-use, and region

Content Services Platforms Market - Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solutions
• Services

Content Services Platforms Market - Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Small and Medium-Sized Enterprises
• Large Size Enterprises

Content Services Platforms Market - Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Content Services Platforms Market - End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Government & Public Sector
• IT & Telecommunication
• Healthcare
• Retail & Consumer Goods
• Media & Entertainment
• Others

Content Services Platforms Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Asia Pacific
• China
• India
• Japan
• Singapore
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa

List of Key Players in the Content Services Platforms Market

• IBM Corporation
• Microsoft
• Hyland Software, Inc.
• Open Text Corporation
• Laser fiche
• Adobe
• Oracle
• M-Files
• Box
• Fabasoft

Check out more related studies published by Grand View Research:

• Manga Market - The global manga market size is anticipated to reach USD 42.2 billion by 2030, registering a CAGR of 16.9% during the forecast period, according to a new report by Grand View Research, Inc. The market growth can be credited to the growing prominence of manga titles as a mainstream source of entertainment. Manga is a Japanese form of a graphic novel that can be written by one person or a group. Some famous manga titles include Demon Slayer, Jujutsu Kaisen, Blue Lock, One Piece, Naruto, etc.
• Set Top Box Market - The global set top box market demand is expected to reach 357.0 million units by 2028, registering a CAGR of over 4% in terms of volume from 2021 to 2028, according to a new report by Grand View Research, Inc. Mandates regarding the digitization of TV broadcasting issued by various governments across developing countries worldwide and the growing preference for smart TVs among consumers are some of the critical factors that are expected to drive the market growth. The growing preference for High Definition (HD) channels and the popularizing trend among broadcasters to offer various value-added services, including subscription packages, are also poised to trigger the demand for set top box (STB) over the forecast period.
• Over The Top Devices And Services Market - The global over the top devices and services market size is expected to reach USD 220.54 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 18.6% from 2020 to 2027. The rollout of high-speed broadband internet has resulted in a rising inclination toward online streaming platforms, thereby fueling industry growth. Moreover, the proliferation of technologies underlying live streaming and Video on Demand (VOD) has significantly contributed to the increasing number of OTT subscriptions, thus creating a positive outlook for the market.

Browse through Grand View Research's  Digital Media Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

SOURCE Grand View Research, Inc.