Overview

Content Services Platforms Market is predicted to value over USD 61 billion by 2027 end and grow at a CAGR of over 19.5% during the forecast period 2020 to 2027.

Content services platforms are introduced to meet the rising demand of content requirement by large enterprises as it is designed to use content data actively by individuals, teams and workgroups across the enterprise who also include contractors, partners and others that are the extended parts of an enterprise. These platforms provide services as well as micro-services that can be installed either as a separate application with common repositories and API’s or as a product suite. The content service platforms are capable of storing data only once. The common API’s are linked with multiple repositories sue to which different servers are not storing the same content. It also administers the content services in a systematic manner. The metadata of content that is digitized is properly managed by these services. This makes it easier for the user to co-edit, share, use and manipulate images, audio recordings, documents and other content. All these factors are the driving forces of the global market growth and it is expected to grow in the same manner during the forecast period.

The regional market segmentation of global content services platform market is represented as North America, Europe, Asia Pacific and rest of the world. North America dominates the global market due to the presence of key market players providing content services platform software in U.S and Canada and these are the nations that are rapidly adopting advanced technologies. As these enterprises are financially strong, they invest hugely in innovative technologies for their business operations to go seamless due to which the market growth in this region is exponential and is expected to stay the same during the forecast period. The Asia Pacific region is also expected to experience a positive growth in the market during the forecast period as SME’s, who form the major part of the emerging economy market, have also started adopting the content services platform software in the business models for efficient content management and this has helped to expand the content services platform market even further in this region.

Component wise, the market is segmented into services and solution segment. The services segment is likely to experience a rapid rise in the CAGR during the forecast period as they are implemented cost-effectively and within a given time frame which gives it an upper hand over the solutions segment.

Based on the industry vertical, the market is segmented into BFSI, government and public sector, logistics and transportation, healthcare and life sciences, energy and utilities, legal, manufacturing, Telecom and IT and education. The BFSI industry dominates this market segment as it produces a lot of enterprise content on a daily basis which drives forward this market segment and is expected to do the same during the forecast period.

Deployment wise, the global content services platform is segmented as cloud deployment and on-premises deployment. The cloud deployment is very efficient and flexible from a consumer’s point of view as the consumer can initiate or stop a service at any point of time making the business operations dynamic.

Depending on the size of the organization the market is segmented into large enterprises and small and medium-sized enterprises segments.

Content Services Platforms Market Segmentation:

By Region
• North America
• Europe
• Asia Pacific
• Rest of the World

By Component
• Services
• Solutions

By Vertical
• BFSI
• Government and Public Sector
• Transportation and Logistics
• Healthcare and Life Sciences
• Legal
• Energy and Utilities
• Manufacturing
• Education
• IT and Telecom

By Deployment
• Cloud
• On-Premises

By Organization Size
• Large Enterprises
• Small and Medium-sized Enterprises

Competitive Landscape:
• Microsoft
• Hyland
• OpenText
• Box
• Nuxeo
• Adobe
• IBM
• Oracle
• Newgen

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global content services platforms market by region, by component, by vertical, by deployment and by organization size
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies