Press release
Global Content Services Platforms Market Projected to Surpass $159.2 Billion by 2029 with 22% Annual Growth
The growth of the content service platforms market is anticipated to be boosted by the increasing need for digital content. Digital content surpasses traditional media by providing a powerful tool for reaching and interacting with the target audience effectively. The quality of digital content underlines its value, encouraging corporations to use content service platforms for tasks such as storage, management, protection, sharing, and content creation through a unified application suite. In support of this trend, Publift, a media company based in Ireland, reported in September 2024 that digital advertising accounted for 67% of worldwide advertising income in 2022, a figure predicted to rise to 70% by 2025. Hence, the enlarging requirement for digital content is expected to be a significant driver for the content service platforms market.
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What growth opportunities are expected to drive the content services platforms market's CAGR through 2034?
The market size for content services platforms has experienced a swift expansion in recent years. A growth is predicted from $61.32 billion in 2024 to $72.88 billion in 2025, showcasing a compound annual growth rate (CAGR) of 18.8%. The historical growth can be credited to the shift to digital content, the ascendancy of enterprise content management (ECM), the incorporation of collaboration tools, increased mobility and access, as well as content analytics and search functionalities.
The market size for content services platforms is predicted to experience a significant upsurge in the forthcoming years. It is projected to expand to $159.23 billion by 2029, boasting a compound annual growth rate (CAGR) of 21.6%. This substantial growth for the forecasted period could be credited to persistent innovation, sustainable practices, enhancement of customer experience, industry-specific solutions, and the adoption of low-code/no-code trend. The primary trends for this period are set to include solutions based on cloud, integration of AI and automation, improved data security, the enablement of remote work, and the growing demand for content personalization.
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What are the emerging trends shaping the future of the content services platforms market?
The progression of technology is a significant trend in the content services platforms market. Prominent firms in this market are leveraging cutting-edge technologies, research, and innovations to solidify their market stance. An example of this can be seen in OpenText, an American IT firm, which announced updates to its Content Cloud in July 2023. These enhancements boost the platform's capability to securely manage enterprise content in the cloud. The revamped platform weaves in AI-driven analytics, allowing businesses to extract more profound insights from their content and optimise their workflows. This, in turn, facilitates improved decision-making.
Which growth-oriented segments of the content services platforms market are leading the industry's development?
The content services platforms market size has grown rapidly in recent years. It will grow from $61.32 billion in 2024 to $72.88 billion in 2025 at a compound annual growth rate (CAGR) of 18.8%. The growth in the historic period can be attributed to transition to digital content, rise of enterprise content management (ECM), collaboration tools integration, mobility and accessibility, content analytics and search capabilities.
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What regions are leading the charge in the content services platforms market?
North America was the largest region in the content services platforms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the content services platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the content services platforms market?
Major companies operating in the content services platforms market are International Business Machines Corporation, Microsoft Corporation, OpenText Corporation, Hyland Software Inc., Box Inc., Adobe Inc., Oracle Corporation, M-Files Corporation, Newgen Software Inc., Fabasoft AG, Micro Focus International PLC, DocuWare Corporation, Everteam Global Services Inc., GRM Information Management Services Inc., SER Solutions Deutschland GmbH, Alfresco Software Inc., Kyocera Corporation, Epicor Software Corporation, Dropbox Inc., Nuxeo Corp., Objective Corporation, ASG Technologies Group Inc., SpringCM Inc., Systemware Inc., Xerox Corporation, Zoho Corporation, iManage LLC, Veeva Systems Inc.
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What Is Covered In The Content Services Platforms Global Market Report?
• Market Size Forecast: Examine the content services platforms market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the content services platforms market for a structured understanding.
• Key Players Overview: Analyze major players in the content services platforms market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the content services platforms market.
• Segment Contributions: Evaluate how different segments drive overall growth in the content services platforms market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the content services platforms market.
• Industry Challenges: Identify potential risks and obstacles affecting the content services platforms market.
• Competitive Landscape: Review strategic developments in the content services platforms market, including expansions, agreements, and new product launches.
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