Global Knowledge Management Markets Report, 2022-2023 & 2030: Myriad Benefits of Knowledge Management Tools to Fuel Market Growth
DUBLIN, Sept. 22, 2023 /PRNewswire/ -- The "Knowledge Management - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Knowledge Management Market to Reach $2.1 Trillion by 2030
The global market encompassing Systems, Mechanisms & Technologies, Processes, Infrastructure, Large Enterprises, Small and Medium-sized Enterprises (SMEs), and Knowledge Management exhibits promising growth prospects. Revenue figures are anticipated to experience consistent growth from 2022 to 2030, building upon a stable expansion observed between 2017 and 2022.
One of the notable segments, Systems, is projected to achieve a robust 16.5% Compound Annual Growth Rate (CAGR), ultimately reaching US$664.8 Billion by the end of the analysis period. Similarly, the Mechanisms & Technologies segment is poised for substantial growth, with an estimated 19.3% CAGR over the following 8 years.
The market's optimistic trajectory is influenced by various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, and the Rest of the World. This growth story involves diverse segments, where both large enterprises and SMEs play integral roles. The evolving landscape of the knowledge management market offers lucrative opportunities for investment and business development, making it an attractive prospect for investors and companies alike.
In 2022, the Knowledge Management market in the United States is estimated at US$194.7 Billion. China, as the world's second-largest economy, is projected to reach an impressive market size of US$405.5 Billion by 2030, with a remarkable CAGR of 25.1% during the analysis period from 2022 to 2030.
Other noteworthy geographical markets include Japan and Canada, exhibiting growth rates of 13.9% and 16.5%, respectively, over the period from 2022 to 2030. Within Europe, Germany is antiipated to maintain a robust growth trajectory, boasting an approximate 15.9% CAGR.
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 210 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/xztlhr
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SOURCE Research and Markets
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