Press release
Web Content Management Market predicted to obtain $14.3 billion by 2026
According to a new market research report "Web Content Management Market by Component, Solution (Standalone & Integrated), Application (Website Management, Social Media Management, Workflow Management), Deployment Mode, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 6.9 billion in 2021 to USD 14.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period.Various factors such as customer shift towards video-based content across the Over-The-Top (OTT) platform, and adoption of AR and VR to enable companies to modify website content are expected to drive the demand for WCM solutions and services.
Browse in-depth TOC on "Web Content Management Market”
251- Tables
69- Figures
316- Pages
Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/web-content-management-market-255522685.html
COVID-19 is disrupting the world, businesses, and economies, thus impacting the livelihood of people, their interactions, and the way they manage their businesses. The ability to sustain has become the new normal for enterprises as they are shifting their focus from growth opportunities and concentrating on implementing drastic measures to mitigate the impact of the COVID-19 pandemic. The competition among major WCM companies is expected to be furious as most upcoming projects are on hold due to the pandemic. Hence, several companies would fight to gain a single project. Businesses have already started their efforts to return back to normal and are facing multiple challenges on the customer as well as the operational side. The pandemic has raised the importance of digital experiences, increasing the importance of digital transformation. Vendors in the WCM market struggle to offer users more scalable WCM systems across digital channels. Organizations are under pressure to scale their businesses digitally and innovate faster to respond to market demands.
The cloud segment to grow at a higher CAGR during the forecast period
The WCM market by deployment mode has been segmented into on-premises and cloud. The cloud segment is expected to grow at a rapid pace during the forecast period. The high CAGR of the cloud segment can be attributed to the availability of easy deployment options and minimal requirements of capital and time. These factors are supporting the current lockdown scenario of COVID-19 as social distancing, and online purchasing of goods hit the industry and are expected to drive the adoption of cloud-based WCM solutions and services. Highly secure data encryption and complete data visibility and enhanced control over data in terms of location and the real-time availability of data for extracting insights are responsible for the higher adoption of on-premises-based WCM solutions and services.
The services segment to grow at a higher CAGR during the forecast period
The WCM market is segmented on the basis of components into solutions and services. The services segment is expected to grow at a higher CAGR during the forecast period. This growth is attributed to the growing digitalization and increasing customer shift toward online purchases, which have made it difficult for companies to cope with the ever-increasing volumes of customer data and extract actionable real-time insights from the data during the pandemic.
The integrated segment to grow at a higher CAGR during the forecast period
The WCM market is segmented on the basis of solutions into standalone and integrated. The integrated segment is expected to grow at a higher CAGR during the forecast period. The integrated WCM solution is offered as a part of a suite or platform, in which WCM is offered as a capability or feature. It is integrated with a single solution to provide various benefits to end users. These benefits include personalization, editing tools, document management, digital asset management, and record retention. Users can get multiple data protection capabilities out of a single solution.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255522685
The managed services segment to grow at a higher CAGR during the forecast period
The WCM market is segmented on the basis of services into professional and managed services. The managed services segment is expected to grow at a higher CAGR during the forecast period. The growth of the managed services segment is attributed to the provision of technical expertise. These services help companies enhance their focus on core business processes.
The consulting services segment to grow at a higher CAGR during the forecast period
The WCM market is segmented on the basis of professional services into consulting, training, support, and maintenance, and system integration and implementation. The consulting services segment is expected to grow at a higher CAGR during the forecast period. The growth can be attributed to highly technical consultants helping businesses create the right content strategy for moving toward the digital transformation initiative or finding the best-fit approach.
The SMEs segment to grow at a higher CAGR during the forecast period
The WCM market is segmented on the basis of organization size into large enterprises and SMEs. The SMEs segment is expected to grow at the highest CAGR during the forecast period. The growth can be attributed to the growing need to enhance business processes, reach new customers, and stay competitive and control their spending. The increasing shift of customers toward online platforms is creating the challenge for companies to create attractive website content. This is one of the major factors encouraging the adoption of WCM solutions and services among SMEs.
The social media management segment to grow at a higher CAGR during the forecast period
The WCM market is segmented on the basis of applications into website management, workflow management, document management, social media management, access control, content scheduling/ deployment, workflow optimization, and others (content syndication, content virtualization, multi-site management, and customer engagement). Social media management segment is attributed to grow at a higher CAGR during the forecast period. The growth can be attributed owing to the rising need of companies to manage the online presence on different social media platforms by creating, publishing, and analyzing user posts.
Among verticals, the media and entertainment segment is expected to account for the largest market size during the forecast period
The WCM market is segmented on verticals into media and entertainment, healthcare and life sciences, retail and eCommerce, IT and Telecom, BFSI, government, travel and hospitality, education, and other verticals (energy and utilities, manufacturing, and transportation and logistics). The media and entertainment vertical is expected to account for the largest market size during the forecast period. The growth of the vertical is due to the rise in the demand for WCM solutions and services across media and entertainment firms to provide more personalized content across different OTT platforms for better customer experiences. Moreover, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. The need to maintain patient records and improve patient care in real-time across different channels drives the adoption of WCM solutions and services. Moreover, demand for enhanced patient experiences and quality care for personalized treatments in real-time to drive the WCM market growth among healthcare and life sciences vertical.
North America to hold the largest market size during the forecast period
North America is the largest revenue contributor to the global WCM market. The region is witnessing significant developments in the WCM market. Many WCM providers are adopting various growth strategies to strengthen their positions in the market. The US government has provided support by promoting an ideal environment for research and innovation, leading to advancements in various fields of science and technology. APAC has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. The growing awareness for companies to edit images, videos, and content in real-time to make faster business decisions in key countries, such as China, India, and Japan, is expected to fuel the adoption of WCM solutions and services. The commercialization of AI and ML technology, giving rise to generate real-time data, and the need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of WCM solutions and services in the region.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=255522685
Major vendors in the global WCM market include include include Adobe (US), Microsoft (US), Oracle (US), OpenText (Canada), RWS (UK), Progress (US), Upland Software (US), RWS (UK), HubSpot (US), HCL (India), e-Spirit (US), Sitecore (US), Kentico (Czech Republic), Frankly Media (US), Duda (US), Agility (Canada), GX Software (Netherlands), Solodev (US), Siteglide (UK), Amplience (England), Contentful (Germany), Contentstack (US), Storyblok (Austria), Brandcast (US), Webflow (US), Bynder (Netherlands), Docsie (Canada), GraphCMS (Germany), Pantheon (US), and Strapi (France).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/web-content-management.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Web Content Management Market predicted to obtain $14.3 billion by 2026 here
News-ID: 2307301 • Views: …
More Releases from MarketsandMarkets™
Feed Premix Market, Global Industry Size Forecast
The global feed premix market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for…
Water-soluble Fertilizers Market is Expected to Grow $23.9 billion in 2028
According to a research report "Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, and Potassic), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type (Field Crop, Horticulture Crops, Turf & ornaments) and Region - Global Forecast to 2028" published by MarketsandMarkets, the water-soluble fertilizers market is estimated at USD 18.3 billion in 2023 and is projected to reach USD 23.9 billion in 2028, at a CAGR of 5.5%.…

Population Health Management (PHM) Market worth $53.3 billion by 2027 - Leading …
Population Health Management (PHM) Market is projected to grow from USD 27.8 billion in 2022 to USD 53.3 billion by 2027, at a CAGR of 13.9% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Growth in this market is driven by the opportunities offered by the emerging markets in healthcare. However, lack of data management, and interoperability issues are expected to challenge the growth of this…

Veterinary Pain Management Market worth $2.5 billion - Leading Key Players are B …
Veterinary Pain Management Market is projected to grow from USD 1.8 billion in 2022 to USD 2.5 billion by 2027, at a CAGR of 6.7% from 2022 to 2027, according to a new report by MarketsandMarkets™. The Pain is the physiological term to describe the chemical processes that are at work in the body that receive a stimulus, modify it, and transfer it to the brain for interpretation and reaction.…
More Releases for WCM
Avoiding pitfalls when implementing WCM / TPM in China
Companies trying to implement World Class Manufacturing (WCM) or Total Productive Maintenance (TPM) or Lean Manufacturing in China, usually as a part of a corporate roll-out, face specific challenges, which may differ from those observed in Japan or in the West.
Maintenance jobs performed by operators, known as "autonomous maintenance", and more generally the involvement of production staff in the improvement process are one of the key principles of TPM.…
WCM acquires further retail portfolio and increases NAV and FFO significantly
• Acquisition of three retail centres with rental space of 88,000 square metres for EUR 98.2 million
• Annualised rental income of EUR 7.6 million and annualised Funds from Operations (FFO) of around 4.2 million
• EPRA vacancy rate of 7 percent with leading grocery chain as anchor tenant for all locations with a WALT of 6.1 years
• Pro forma portfolio value increases to around 766 EUR million
• EPRA NAV per share of minimum 2.85 Euro…
WCM reports strong 2015 year end results
• WCM confirms pre-announced results from 25 April 2016
• Funds from operations (FFO I) in first operational year at EUR 7.9 million
• EPRA Net Asset Value (NAV) at EUR 290.6 million or EUR 2.38 per share
• Portfolio growth to EUR 505.7 million with a weighted average remaining lease time (WALT) of 9.4 years and an EPRA vacancy rate of 4.8 percent
• FFO I between EUR 18.0 million and EUR 21.0 million projected for 2016…
WCM pre-announces net income of EUR 57.7 million for 2015
Ad hoc announcement according to § 15 WpHG
Frankfurt am Main, 25 April 2016 – WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) pre-announces an unaudited net income of EUR 57.7 million for 2015 compared to EUR 1.2 million in 2014. The earnings per share of EUR 0.72 has increased significantly from EUR 0.08 in 2014. The funds from operations rose to EUR 7.9 million. The net asset value (NAV) according…
WCM Beteiligungs- und Grundbesitz-AG: WCM acquires further DIY store
- Purchase price of around EUR 22 million with a leasable area of around 13,500 square metres
- FFO yield of 13 percent per year
- Long-term lease of 15 years from closing date
Frankfurt, 25 February 2016 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) announces the acquisition of a further DIY store near Stuttgart, in one of Germany's most economically powerful regions. The transaction, which had been announced in mid-December…
WCM signs contract for announced purchase of office property in Frankfurt
• Closing expected for September 2015
• Annual rental income of EUR 4.8 million
• Weighted average lease term (WALT) of the property is around 20 years
Frankfurt, 22 June 2015 – WCM Beteiligungs- und Grundbesitz-AG (WCM AG, ISIN: DE000A1X3X33) today announced that the purchase agreement for the commercial property in Frankfurt whose acquisition had already been announced in an ad hoc disclosure dated 2 June 2015 was notarised today. The seller of the property is…