Content Services Platform Market

Market Study on Content Services Platforms: Cloud-based Deployment to Remain Most Popular

Global Content Services Platform Market Segmentation by Component- Solutions and Services. Revenue from the sales of content services platforms accounted for nearly 25% share of the global digital marketing market in 2022.

Report ID: PMRREP32604

Number of Pages: 250

Format: PPT*, PDF, EXCEL

Industry: IT and Telecommunication

Published Date: January-2023

Report Price

$4900*

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Content Services Platform Market Outlook (2023 to 2033)

The global content services platform market is valued at US$ 47.8 billion in 2023 with sales revenue anticipated to reach US$ 209.23 billion by 2033. The market is expected to surge ahead at a CAGR of 14.6% over the next ten years.

A content services platform (CSP) is a collection of services and microservices delivered as a unified product suite and applications with shared APIs and repositories. A CSP leverages various content types while serving multiple constituencies and use cases across an organization. Users make use of content services platforms to enhance content workflows and increase efficiency across the entire organization in addition to storing, accessing, and sharing content.

Revenue from the sales of content services platforms accounted for nearly 25% share of the global digital marketing market in 2022.

As content services platforms become more intelligent, they will be able to gather useful information from various content repositories and deliver it to workers as needed. With organizations looking to consolidate platforms and transition to SaaS offerings, there is a greater requirement for more collaborative processes that reach organizational boundaries. To meet the evolving needs of how people work with, integrate, and collaborate with information, this demand and need have caused the reevaluation of the way content is managed and the introduction of new providers with cloud native and collaborative platforms.

Organizations have started shifting from traditional enterprise content management to content services platforms, which is driven by the increase in overall cloud adoption. CSPs enable integration with vital applications that power business processes in addition to providing the content management functionality of a traditional ECM.

North America leads the global market with a share of 33.4% in 2023 and is expected to maintain its dominance throughout the forecast period, while demand for content services platforms in Europe accounts for 25.6% of the global market's value.

Content Services Platform Market Size (2023)

US$ 47.8 Billion

Projected Market Value (2033)

US$ 209.23 Billion

Global Market Growth Rate (2023 to 2033)

14.6%

Market Share of Solutions (2023)

59.8%

United States Market Share (2023)

18.7%

IT and Telecommunication Market Share (2023)

21.3%

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What’s Propelling the Demand for Content Service Platforms?

“Increasing Acceptance of Content Service Platforms by Large Enterprises”

Large businesses typically use content service platforms because they invest heavily in new technology and prefer on-premise implementation to minimize data security concerns. As a result, approximately 63% of the revenue from content service platforms comes from large enterprises. Furthermore, because platforms can be accessed at any time and from any location, in recent years, more businesses have shifted to cloud-based content service platforms.

  • In August 2022, OpenText released three new solutions to the AppExchange. This increased the number of AppExchange offerings and made it possible for clients to take advantage of the OpenText content services platform's governance, productivity, and efficiency.
  • In June 2022, Hyland released upgraded products and enhanced solutions to aid its clients' digital transformation journey. Businesses can create initiatives focused on employee and customer experience thanks to the expanded content platform’s functionality, which includes Hyland's various content services while taking advantage of improved platform scalability and user interface features.
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Country-wise Insights

What is Driving Content Service Platform Sales in the United States?

“Adoption of Advanced Infrastructure and Growing Need to Deliver Contextualised User Experiences”

One of the most developed markets in the world for content service vendors is the United States. With major companies such as Hyland Software and Microsoft, the country has a history of creating cutting-edge content service platforms that have altered the dynamics of the global market.

Furthermore, the adoption of content services platforms is determined by business requirements, as it provides content insights and assists businesses in deriving value from data. Because of the developed IT infrastructure in the United States, content services platforms have gained widespread acceptance.

In 2023, the United States market for content service platforms accounts for a dominant share of 18.7%.

Which Countries in Asia Account for Huge Demand for Content Service Platforms?

“Indian Market for Content Service Platforms Growing Rapidly”

Due to increasing data traffic and rapidly expanding amount of data and information that needs to be organized in an economically developing nation such as India, the market is predicted to experience rapid growth. Swift development of industries such as BFSI, IT & telecommunications, and the government sector in India is fuelling the demand growth for content service platforms. These factors, along with expanding IT infrastructure, wide availability of skilled labor, and increasing adoption of digitization, are contributing to market growth.

India's adoption of content service platforms is predicted to increase at 17.5% CAGR through 2933.

Which European Country Leads the Market for Content Service Platforms?

Germany Accounts for High Market Share in European Region

The market for content service platforms in Germany is growing rapidly due to the rising popularity of SMAC technology. Using content services software, businesses can deliver the right content at the right time to the right people. Through customized workspaces, users can access and interact with the content they need from within the application they are using.

Growing awareness of the benefits of SMAC solutions for increasing customer satisfaction, streamlining business processes, and gaining deeper business insights are factors influencing market growth positively. Furthermore, increased use of end-to-end platform solutions is also driving market growth in Germany.

As such, in 2023, Germany held a share of 11.6% in the global market for content services and solutions.

Market Research Methodology

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Category-wise Insights

Which Component of Content Service Platforms Holds a High Market Share?

“Huge Demand for Content Services Platform Solutions”

The segment is growing as a result of an increase in the use of content service platforms such as workflow management & case management, content reporting & analytics, document & records management, information security & governance, data capture, and others. Platforms for content services offer flexible approaches to digital work, lessen information silos and content sprawl, enhance security and access, enhance customer and employee satisfaction, and increase productivity by facilitating the sharing of content.

The solutions segment dominates the global market and accounts for 59.8% of the total market value share.

Why is Cloud Deployment of Content Service Platforms Immensely Popular?

“Cloud Adoption Increasing at Rapid Pace in Developing Regions”

Increasing use of cloud-based content services platforms, which include features such as automation, image and video capability, stacked content libraries, email updates, and link monitoring, is driving segment growth.

Cloud adoption can be attributed to end users' increasing desire for easier procurement, operations, and access and deployment to new technologies. As a result, the market for native SaaS vendors has grown significantly, and traditional companies have gradually shifted their offerings to SaaS solutions.

Which Enterprises Reply More on Content Service Platforms?

“High Investments by Large Enterprises in New Technologies”

In 2023, the large enterprises segment accounts for a leading market share of 63.1%

Large businesses are increasingly utilizing content service platforms to support hybrid records management, enable secure information access, ensure content compliance and governance, simplify efficient content extraction, streamline the content lifecycle, and promote contextual engagement.

Which Industry Vertical Leads the Use of Content Service Platforms?

“IT & Telecommunication Sector Leading user of Content Service Platforms”

The IT and telecommunication segment is anticipated to account for a high market share of 21.3%.

Increasing data volumes in IT & telecom giants are propelling the sector's demand for content services platforms. Top content service platform vendors such as Microsoft, Oracle, and IBM are providing telecom industry solutions to transform customer experiences, deploy and optimize next-generation networks, empower the telecom workforce, and integrate operations and business support systems.

Competitive Landscape

Vendors of content service platforms are focusing on diversifying their product portfolios to meet rising customer demand. Businesses in the market are also concentrating on the development of new products and the formation of strategic alliances with several other vendors. Market players are generating revenue through the development of new products and business partnerships.

  • In October 2020, to diversify its product portfolio and increase its market share for content service platforms, Hyland Software Inc. purchased Alfresco Software, a U.S.-based provider of content service platforms.
  • In May 2020, Box Inc. launched the All-New Box to support greater productivity and collaboration. Collections, a simple way to organize files and folders around topics and work streams that are important were introduced.
  • In January 2022, M-Files introduced smart content migration and an intelligence service offering. Customers can now find and transfer documents from external repositories intelligently thanks to smart migration, which boosts productivity.

Recent developments related to key players providing the content services platform market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Content Services Platform Industry Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2023

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Component
  • Deployment
  • Enterprise Size
  • Vertical
  • Region

Key Companies Profiled

  • IBM Corporation
  • Microsoft Corporation
  • OpenText corporation
  • Box Inc.
  • Oracle Corporation
  • Hyland
  • Fabasoft AG
  • Laserfiche.com
  • Micro Focus International plc
  • M-Files Corporation
  • SER Group
  • Newgen Software Technologies Limited
  • GRM Information Management
  • Nuxeo

Pricing

Available upon Request

Key Segments of Content Services Platform Industry Research

By Component:

  • Solutions
    • Document and Records Management
    • Data Capture
    • Workflow Management
    • Information Security and Governance
    • Case Management
    • Other Solutions
  • Services
    • Integration and Deployment
    • Consulting
    • Support and Maintenance

By Deployment:

  • On-premise
  • Cloud

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Vertical:

  • BFSI
  • IT and Telecommunication
  • Healthcare
  • Government
  • Manufacturing
  • Retail & e-Commerce
  • Transportation & Logistics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Companies Covered in This Report

  • IBM Corporation
  • Microsoft Corporation
  • OpenText corporation
  • Box Inc.
  • Oracle Corporation
  • Hyland
  • Fabasoft AG
  • Laserfiche.com
  • Micro Focus International plc
  • M-Files Corporation
  • SER Group
  • Newgen Software Technologies Limited
  • GRM Information Management
  • Nuxeo

Frequently Asked Questions

Worldwide demand for content services platforms currently stands at US$ 47.8 billion.

The global content services platform market is estimated to surge at a CAGR of 14.6% through 2033.

The market for content services platforms is forecasted to reach US$ 209.23 billion by 2033.

The market in India is projected to boom at 17.5% CAGR over the forecast period.

In 2023, North America accounts for a dominant market share of 33.4%.

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