The Worldwide Content Services Platforms Industry is Expected to Reach $101.6 Billion by 2027
DUBLIN, June 30, 2022 /PRNewswire/ -- The "Content Services Platforms Market with COVID-19 Impact Analysis by Component, Enterprise Size, Deployment Mode, Business Function (Accounting & Legal, Sales & Marketing, and Procurement & Supply Chain) Vertical and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global content services platform market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period, to reach USD 101.6 billion by 2027 from USD 48.9 billion in 2022.
As per business function, Human Resources segment to grow at a the highest CAGR during the forecast period
The content services platform market is segmented is sub segmented into Human Resource (HR), sales & marketing, accounting & legal, and procurement & supply chain management. As per business functions, HR is expected to grow at the highest CAGR during the forecast period.
The human resource management department is one of the crucial departments at every organization involved in managing employee-related processes, from recruitment and onboarding to payroll and administration. Traditionally, to manage employee databases for performance management and employee tracking, various Enterprise Resource Planning (ERP) suites or Human Resource Information Systems (HRIS) solutions are used to cover the basic human resource activities and processes. human resources systems help human resources maintain, manage, and process detailed employee information and human resources-related policies and procedures.
However, ERP and human resources software lack a few of the capabilities. Therefore, organizations across various verticals have been using content services platforms in the human resource department to manage employees' unstructured content.
As per deployment mode, on-premises to have the highest market size during the forecast period
As per deployment mode, on -premises is estimated to have the highest market size during the forecast period in the content services platform market. On-premises solutions are provided for a one-time license fee as well as a service agreement. For huge infrastructure and a private data center that are crucial for installment of solutions in on-premises deployment is cost incurring. Therefore, SMEs usually face the problem of choosing between hosted and on-premises solutions. However, enterprises with good capital financing prefer on-premises solutions as they offer improved security linked to cloud-based solutions.
As per component, solutions to grow at the highest CAGR during the forecast period
As per component, solutions is estimated to hold the highest Compound Annual Growth Rate (CAGR) in the content services platform market. The solutions segment of the content services platform includes document & record management, workflow management, data capture, content reporting & analysis, case management, information security & governance, and other solutions. Other solutions include collaboration, version control, and eDiscovery. The solution providers offer tailored solutions to businesses according to the need of the business. The content services platform solutions enable organizations to fulfill demands along with helping businesses to grow.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Growth Opportunities in Content Services Platform Market 4.2 Market, by Component (2022 Vs. 2027) 4.3 Market, by Enterprise Size (2022 Vs. 2027) 4.4 Market, by Deployment Mode (2022 Vs. 2027) 4.5 Market, by Vertical (2021 Vs. 2027) 4.6 Market Investment Scenario
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Need to Enhance Content Security and Optimize Business Processes with Automated Workflows 5.2.1.2 Growing Adoption of Smac Technologies 5.2.1.3 Need for Regulatory Content Management for Enhanced Operations 5.2.2 Restraints 5.2.2.1 Complications in HandlingData Post Mergers and Acquisitions
5.2.3 Opportunities 5.2.3.1 Increasing Adoption of End-To-End Cross-Platform Solutions 5.2.3.2 Growing Inclination Toward Adoption of Rpa 5.2.4 Challenges 5.2.4.1 Increasing Security and Data Privacy Issues with Cloud Deployments 5.2.4.2 Lack of Skilled Workforce and Poor Management in Creating User Adoption Process 5.2.4.3 Difficulties with Integration and Implementation of Content Services Platform with Current Applications 5.3 Case Study Analysis 5.3.1 Case Study 1: Larsen & Toubro Infotech Financial Services Technologies Inc. Used Newgen Software's Solutions 5.3.2 Case Study 2: John Carroll University Deployed Hyland's Onbase to Manage Petition Process 5.3.3 Case Study 3: Legal Aid Western Australia Used Opentext Extended Ecm to Manage Content 5.3.4 Case Study 4: Powersouth Energy Cooperative Deployed Ibm's Solutions for Content Management 5.3.5 Case Study 5: Astrazeneca Used Micro Focus' Content Manager to Simplify Archive Process 5.3.6 Case Study 6: Mitani Deployed M-Files' Solution to Manage Its Workflows 5.4 Porter's Five Forces Analysis 5.5 COVID-19-Driven Market Dynamics 5.5.1 Drivers and Opportunities 5.5.2 Restraints and Challenges 5.6 Technological Outlook 5.6.1 Artificial Intelligence and Automation 5.6.2 IoT Technology 5.6.3 Augmented Reality 5.6.4 Blockchain Technology 5.7 Pricing Analysis 5.8 Value Chain Analysis 5.9 Ecosystem 5.10 Patent Analysis 5.11 Regulatory Landscape 5.12 Key Conferences and Events in 2022 5.13 Key Stakeholders & Buying Criteria 5.13.1 Key Stakeholders in Buying Process 5.13.2 Buying Criteria 5.14 Trends/Disruptions Impacting Buyers
6 Content Services Platform Market, by Component 6.1 Introduction 6.1.1 Component: Market Drivers 6.1.2 Component: COVID-19 Impact 6.2 Solutions 6.2.1 Document & Record Management 6.2.1.1 Electronic Way of Storing Data, Easy to Manage and Monitor, to Drive Demand for Document & Record Management 6.2.2 Workflow Management 6.2.2.1 Need to Run Multiple Tasks to Create Demand for Case Management Solutions 6.2.3 Data Capture 6.2.3.1 Data Capturing Reaching New Levels for Technical Improvement in Ai to Drive Data Capture Solutions' Adoption 6.2.4 Case Management 6.2.4.1 Growing Need for Managing Business Processes to Create Demand for Case Management Solutions 6.2.5 Information Security & Governance 6.2.5.1 Growing Awareness Against Data Breaches to Create Need for Information Security & Governance Solutions 6.2.6 Content Reporting & Analytics 6.2.6.1 Very Complex and Difficult Data Collection Analyzing to Drive Adoption of Content Reporting & Analytics Solutions 6.2.7 Other Solutions 6.3 Services 6.3.1 Training & Consulting 6.3.1.1 Need to Resolve Business Challenges to Boost Demand for Training & Consulting Services 6.3.2 Support & Maintenance 6.3.2.1 Client Concerns Regarding Installed Program to Drive Demand for Support & Maintenance Services 6.3.3 Deployment & Integration 6.3.3.1 Need for Back-End Integration to Boost Growth of Deployment & Integration Services
7 Content Services Platform Market, by Deployment Mode 7.1 Introduction 7.1.1 Deployment Mode: Market Drivers 7.1.2 Deployment Mode: COVID-19 Impact 7.2 On-Premises 7.2.1 Overcoming Security Concerns Over Sensitive Data to Drive On-Premises Solutions' Adoption 7.3 Cloud 7.3.1 Cost-Effectiveness and Scalability to Boost Adoption of Cloud Content Services Platform Solutions
8 Content Services Platform Market, by Enterprise Size 8.1 Introduction 8.1.1 Enterprise Size: Market Drivers 8.1.2 Enterprise Size: COVID-19 Impact 8.2 Large Enterprises 8.2.1 Need for Operational Efficiencies to Create Content Services Platforms' Demand Among Large Enterprises 8.3 Small and Medium-Sized Enterprises 8.3.1 Lack of Resources and Stringent Marketing Budgets to Drive Content Services Platforms' Adoption
9 Content Services Platform Market, by Business Function 9.1 Introduction 9.1.1 Business Function: Market Drivers 9.1.2 Business Function: COVID-19 Impact 9.2 Human Resources 9.2.1 Minimized Risk with Records Management to Drive Content Services Platform's Adoption in Human Resources Operations 9.3 Sales & Marketing 9.3.1 Need for Predictive Analysis to Drive Content Services Platform's Demand in Sales & Marketing Department 9.4 Accounting & Legal 9.4.1 Need for Workflow and Business Process Automation to Drive Content Services Platform's Growth 9.5 Procurement & Supply Chain Management 9.5.1 Need for Content Syndication and Information Management to Drive Demand for Content Services Platforms
10 Content Services Platform Market, by Vertical 10.1 Introduction 10.1.1 Vertical: Market Drivers 10.1.2 Vertical: COVID-19 Impact 10.2 Banking, Financial Services, & Insurance 10.2.1 Increasing Company Operations and Enhancing Customer Service to Boost Content Services Platform Solutions' Adoption 10.3 Consumer Goods and Retail 10.3.1 Need to Digitize Data and Manage It Efficiently to Accelerate Content Services Platform Solutions' Adoption 10.4 Energy & Utilities 10.4.1 Rising Need to Manage Massive Amounts of Mission-Critical Material in Real Time to Drive Solutions' Adoption 10.5 Government & Public Sector 10.5.1 Government Bodies Turning to Low-Code Development Platforms to Drive Solutions' Adoption 10.6 Healthcare & Life Sciences 10.6.1 Need to Improve Performance and Outcomes to Drive Adoption of Content Services Platform Solutions 10.7 It & Ites 10.7.1 Digitalizing Business Processes to Meet Growing Customer Demands to Drive Solutions' Adoption 10.8 Manufacturing 10.8.1 Developing New Approaches to Improve Decision-Making to Drive Content Services Platform Solutions' Adoption 10.9 Media & Entertainment 10.9.1 Cloud Adoption Enables Businesses to Expand Operations and Establish a Digital Workplace 10.10 Telecommunications 10.10.1 Providing Multiple Accessibility in Systems to Drive Content Services Platform Solutions' Adoption 10.11 Other Verticals
11 Content Services Platform, by Region
12 Competitive Landscape 12.1 Introduction 12.2 Key Player Strategies/Right to Win 12.2.1 Overview of Strategies Adopted by Key Content Services Platform Vendors 12.3 Market Ranking 12.4 Market Share of Top Vendors 12.5 Historical Revenue Analysis of Top Vendors 12.6 Company Evaluation Quadrant 12.6.1 Star 12.6.2 Emerging Leader 12.6.3 Pervasive 12.6.4 Participant 12.7 Startup/Sme Evaluation Quadrant 12.7.1 Responsive Vendors 12.7.2 Progressive Vendors 12.7.3 Dynamic Vendors 12.7.4 Starting Blocks 12.7.5 Competitive Benchmarking
13 Company Profiles 13.1 Introduction 13.2 Major Players 13.2.1 Microsoft 13.2.2 Ibm 13.2.3 Opentext 13.2.4 Box 13.2.5 Hyland 13.2.6 Laserfiche 13.2.7 Adobe 13.2.8 Oracle 13.2.9 M-Files 13.2.10 Newgen Software 13.3 Other Players 13.3.1 Fabasoft 13.3.2 Micro FocUS 13.3.3 Docuware 13.3.4 Objective 13.3.5 Grm Information Management 13.3.6 Ser Group 13.3.7 Kyocera Corp 13.3.8 Imanage 13.3.9 Intalio 13.3.10 Docstar 13.3.11 D.Velop 13.3.12 Square 9 Softworks 13.4 Startup/Sme Players 13.4.1 Templafy 13.4.2 Aodocs 13.4.3 File Cloud 13.4.4 Dmacq Software 13.4.5 Ripcord 13.4.6 Shelf 13.4.7 Paper Alternative Solutions 13.4.8 Zinger Stick Software 13.4.9 Nanonets 13.4.10 Ephesoft
14 Adjacent/Related Market
15 Appendix
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