[296 Pages Report] Sales of the component content management systems are expected to register a CAGR of 9% and garner revenue worth USD 7.3 Billion during the forecast period from 2022 to 2032. Increasing demand for content optimization software is expected to play a significant role in driving the market during the assessment period.
“Increasing need to manage huge volumes of enterprise data is likely to play an important role in driving the market in the forecast period. Also, the growing integration of smart technologies in the system can further provide remunerative opportunities for expansion in the forthcoming time.”
The growing popularity of multi-channel publishing has been identified as a vital factor in developing the market in the assessment period. Multi-channel publishing has emerged to be an efficient method of expanding the company’s presence. It helps in creating, publishing, and editing various channels using a single tool.
| Attributes | Details |
|---|---|
| Global Component Content Management Systems Market CAGR (2022 to 2032) | 9% |
| Component Content Management Systems Market Size (2022) | USD 3.1 Billion |
| Component Content Management Systems Market Size (2032) | USD 7.3 Billion |
The demand for the component content management system is majorly driven by the rising demand for content optimization software. Also, a growing focus on managing massive volumes of enterprise data is expected to strengthen the market in the forecast period. Furthermore, increasing adoption of the workflow automation technologies enterprises is expected to develop the market in the coming time.
Companies across the globe are opting for efficient component content management systems for various solutions. The trend is expected to maintain its grip in the forthcoming period. The popularity of the software can be accredited to benefits offered to enterprises like controlling the data and enhancing transparency, among others.
Also, the growing demand for data integration and visual analytics is likely to play an important role in expanding the market size in the assessment period. Furthermore, the launch of an advanced component content management system is expected to propel the market in the coming time.
For instance, in April 2021, OpenText rolled out a new content services platform OpenText Core Content and OpenText Core Case Management. By combining content management, case management, and deployment into lead applications, the solution would offer a unified approach to monitoring the formal and informal business processes and enhancing the content lifecycle.
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Increasing demand for efficient management of content in various sectors is expected to escalate the market for component content management systems market during the forecast period. Such tools are gaining significant traction in sectors such as; life science, defense, consumer goods, and healthcare.
Moreover, increasing multi-channel user experience of the consumer is also strengthening the demand for component content management systems. Also, the growing focus on amplifying the customer engagement process is projected to be another salient factor expanding the market size in the coming.
Growing investment of companies in advanced component content management systems, with consumer-facing technologies like cross channels integration and consumer self-service, are expected to benefit the industry growth in the coming time. Furthermore, content mobilization and content management help manage, capture, and access content from smartphones, tablet applications, and the web.
This is another factor driving the market growth in the assessment period. In addition, growing product launches are expected to favor market growth in the coming time.
For instance, in March 2021, Hyland Software rolled out new solutions to enhance customer experience and propel digital transformation. The new solutions comprise Priority Work Management, Alfresco Content Services 7.0 assists organizations to expand remote workforces and offer better customer experiences.
Additionally, the software is expected to experience significant demand in the healthcare sector. Besides, the IT telecom, and retail sectors are also projected to make a significant contribution to developing the market in the coming time. Owing to the aforementioned factors, the market is expected to expand notably in the forecast time.
Integration of AI and Machine Learning is expected to generate significant opportunities for expansion during the forecast period. AI-based company’s component content management systems assist in robotic process automation that aids in identifying documents based on content, thereby, gaining notable traction amongst corporates and benefitting the market during the assessment period.
Established players are integrating AI, analytics-based solutions, and machine learning to offer developed solutions to customers. In March 2021, Datamatics Global Services Limited launched an advanced version of TruCap+ with pre-built AI/ML capabilities. The solution allows enterprises to perform end-to-end document processes with high accuracy. Such initiatives are expected to offer lucrative opportunities for market growth in the coming time.
Principal Consultant
High costs associated with the system are expected to hamper the market growth during the forecast period. Also, the lack of technical expertise in developing regions is another factor hindering the market in the forecast period. Furthermore, technical expertise is generally expensive and cannot be afforded by SMEs, thereby, hindering the market expansion during the assessment time.
However, the growing integration of AI in the system is expected to offer opportunities to the market and also counter impeding causes and thereby, supporting the market growth in the forecast period.
Application abounds across Large Enterprises
Based on application, the global component content management systems market is expected to be dominated by large enterprises. The segment is anticipated to expand at a CAGR of 8.5% during the forecast period from 2022 to 2032.
Expansion can be attributed to the growing demand for robust monitoring solutions. On the other hand, SMEs are anticipated to garner significant market revenue during the forecast period. The growth of the segment can be accredited to the increasing preference for cloud-based solutions.
Deployment of Cloud-based Component Content Management Systems to Increase
Based on type, the cloud-based segment is anticipated to dominate the market in the forecast period. The segment is projected to exhibit a CAGR of 8.7% in the assessment period.
Enterprises are opting for cloud-based solutions as cloud-based deployment allows users to access data without any issues.
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As per the analysis, the global component content management systems market is expected to be dominated by North America. In the region, the USA is expected to take lead in the assessment period. The region is predicted to hold a market value of USD 2.6 Billion by 2032.
This can be attributed to the presence of established players in the country. Furthermore, companies are focusing on digital transformation and integrating next-gen technologies such as; big data analytics, IoT, AI, and machine learning.
Europe is expected to experience decent growth during the assessment period. The region is projected to be led by the UK. The country is estimated at USD 335.1 Million by 2032. This growth can be attributed to the increasing popularity of multi-channel publishing and the growing digitization across the region.
APAC is expected to be the most lucrative market during the forecast period. China is projected to lead the regional market while garnering a market value worth USD 567.4 Million by 2032. Japan is estimated at USD 469.1 Million and South Korea is expected to collect revenue worth USD 282.8 Million by 2032.
The development of the regional market can be attributed to the increasing popularity of cloud computing and the rising need to enhance operational functions across the region. In addition, the government of various developing countries is encouraging the digitization of corporates, which is expected to benefit the industry in the forecast period.
| Countries | Estimated CAGR |
|---|---|
| USA | 8.7% |
| UK | 8.8% |
| China | 9.1% |
| Japan | 8.3% |
| South Korea | 7.3% |
Key players in the global component content management systems market include IXIASOFT, Adobe, eZ Systems, SDL Tridion Docs, and OpenText.
Recent developments in the industry are:
The global component content management systems market is estimated at US$ 7.3 Billion by 2032
The global component content management systems market is projected at US$ 3.1 Billion in 2022
The U.S is expected to hold a market value of US$ 7.3 Billion by 2032
China is expected to document a CAGR of 9.1% in the component content management systems industry by 2032
Japan is anticipated to hold a market value worth US$ 469.1 Million by 2032
The cloud-based segment is anticipated to lead the market at a CAGR of 8.7% by 2032
The large enterprise segment is expected to lead the market at a CAGR of 8.5% during the forecast period.
1. Executive Summary 2. Market Overview 3. Market Risks and Trends Assessment 4. Market Background and Foundation Data Points 5. Key Success Factors 6. Global Component Content Management Systems Market Demand Analysis 2015-2021 and Forecast, 2022-2032 7. Global Component Content Management Systems Market Value Analysis 2015-2021 and Forecast, 2022-2032 8. Global Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032, By Type 8.1. Cloud-based 8.2. Web-based 9. Global Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032, By Organization Size 9.1. Large Enterprises 9.2. SMEs 10. Global Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. Middle East and Africa (MEA) 11. North America Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032 12. Latin America Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032 13. Europe Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032 14. Asia Pacific Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032 15. Middle East and Africa Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032 16. Key Countries Component Content Management Systems Market Analysis 2015-2021 and Forecast 2022-2032 19. Assumptions and Acronyms Used 20. Research Methodology
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Component Content Management Systems Market
