The global component content management system market is expected to expand at a CAGR of 9% while garnering a market value worth US$ 7.3 Billion during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the growing demand for content optimization software.
Further, the increasing popularity of multi-channel publishing is projected to be another salient factor augmenting the market size during the assessment time. In addition, the surging adoption of workflow automation technologies in companies is likely to benefit the industry in the assessment period. Institutions across the globe are opting for efficient component content management systems for several solutions, and the trend is projected to maintain its position during the assessment time.
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Additionally, players in the market are integrating AI, machine learning, and analytics-based solutions, which are expected to provide significant opportunities for market growth. In March 2021, Datamatics Global Services Limited launched an advanced version of TruCap+ with pre-built AI/ML capabilities. The solution allows enterprises to perform end-to-end document processes with high accuracy. Such steps taken by players are anticipated to support market growth during the forecast period.
Key Takeaways from the Market Study:
- By type, the cloud-based segment is expected to expand at a CAGR of 8.7% during the forecast period
- Based on application, the large enterprise segment is projected to witness a growth rate of 8.5% in the assessment period
- Market in the U.K is anticipated to garner a market value worth US$ 335.1 Million by 2032.
- The industry in China to propel at a CAGR of 9.1% during the assessment period.
- Sales in Japan is expected to increase at a growth rate of 8.3% during the assessment time.
- The market in South Korea is projected to hold a market value of US$ 7.3% during the forecast period.
Competition Analysis
Key players in the global component content management systems market include IXIASOFT, Adobe, eZ Systems, SDL Tridion Docs, and OpenText.
Recent developments in the industry are:
- In 2021, IXIASOFT, a Canadian company, announced that it acquired AuthorBridge from Stilo International.
- In April 2021, Hyland acquired a content services platform, called Nuxeo. The acquisition put the entire company, including products and technology, under Hyland.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global component content management systems market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Profiled In The Component Content Management Systems Market Report
Component Content Management Systems Market by Type:
- Cloud-based Component Content Management Systems
- Web-based Component Content Management Systems
Component Content Management Systems Market by Application:
- Component Content Management Systems for Large Enterprises
- Component Content Management Systems for SMEs
Component Content Management Systems Market by Region:
- North America Component Content Management Systems Market
- Latin America Component Content Management Systems Market
- Europe Component Content Management Systems Market
- Asia Pacific Component Content Management Systems Market
- Middle East and Africa Component Content Management Systems Market
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