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Global content management market worth USD 69.84 billion by the year 2024 according to new research report

IT Market Research


The Global Content Management market Share is estimated to grow up to USD 69.84 Billion by 2024 at a CAGR of 16.51 % from 2018-2024. The factors enhancing the growth of Global Content Management include growing investment in big data analytics for making better decisions, increasing number of problems in managing exponential data and high need for protection against losing data.


Digital Asset and Document management both significantly holds the largest share in Global Content Management market

On the basis of product type, the market is segmented into the content workflow, records, mobile content, web content, document, digital asset, imaging and capture management. Among these digital asset and document management are expected to have a high growth in the market for Global content management.

Digital asset management consists of graphics, animations, presentations, logos, documents, audio/video clips. The digital assets and document management sectors are expected to grow at the highest CAGR during the forecast period.

BFSI (Banking, Financial Services, and Insurance) sector is expected to dominate the market growth during the forecast period

By vertical, the market is segmented into government, telecom & IT, education, manufacturing, media & entertainment, BFSI (Banking, Financial Services, and Insurance), healthcare and retail. Among these BFSI is expected to have a high growth in the market for content management.

The market is also predicted to notice the growth in manufacturing segment. The BFSI sector will have a high growth of the market during the forecast period because of a large amount of data is generated within enterprises, increasing demand for banking and financial sectors, adoption of new technological advancements and high requirement of security for confidential data in various verticals.


North America Holds a considerable market for Global content management

In recent years there has been a growing demand for content management and North America will record the highest growth of the market during the forecast period. The main reasons for this growth are because of adoption of latest advanced technologies, a large number of regional players are located in the United States and focusing on expanding their business with new service techniques.

The pivotal players in the Global content management market include Oracle Corporation (US), Everteam (France), OpenText Corporation (Canada), Newgen Software Technologies Ltd. (India), Xerox Corporation (US), IBM Corporation (US), Laserfiche (US), Fabasoft (Austria), Microsoft Corporation (US), M-Files Corporation (US), Hyland Software, Inc.

(US) and Alfresco Software (U.S).

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