Global Web Content Management Market

Web Content Management Market Size, Share, Growth Analysis, By Product Type (Content Management, Digital Asset Management), By Deployment Mode (Cloud, On-Premises), By Architecture (Coupled, Decoupled), By End-User (BFSI, IT and telecom), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25E2109 | Region: Global | Published Date: November, 2024
Pages: 223 | Tables: 118 | Figures: 73

Web Content Management Market News

  • In July 2019, Opentext unveiled its Next-generation Enterprise management cloud, aligning with the company's vision of maximizing the capture, governance, and exchange of information to fully leverage its value. This innovative solution was designed to provide customers with enhanced accessibility to their information assets, allowing them to harness the full advantages of available data. The aim was to empower users to optimize the use of information resources, enabling better decision-making and operational efficiency.
  • In March 2019, a strategic partnership was forged between e-Spirit, a digital experience platform provider, and Curalate, known for its social commerce platform. This collaboration targeted global retailers, offering them the opportunity to leverage influencer activation and harness customer-generated social content more effectively. By combining e-Spirit's digital experience capabilities with Curalate's expertise in social commerce, the partnership aimed to assist retailers in leveraging social media content to drive sales more efficiently, tapping into the power of influencers and user-generated content to enhance their marketing and sales strategies.
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FAQs

Global Web Content Management Market size was valued at USD 8.23 billion in 2022 and is poised to grow from USD 9.05 billion in 2023 to USD 29.88 billion by 2031, growing at a CAGR of 15.4% in the forecast period (2024-2031).

The competitive environment of the Global Web Content Management Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'OpenAI', 'Microsoft Corporation', 'Adobe', 'IBM', 'Oracle', 'EPi Server AB', 'Vista Equity Partners', 'Site core A/S', 'Kentico Software S.R.O.', 'RWS', 'Upland software', 'Hubspot', 'HCL Technologies', 'Lumen Technologies', 'Automattic', 'Bloomreach', 'Crownpeak Technology Inc.', 'Progress Software Corporation'

There's been a remarkable global shift towards digital formats for media consumption, driven by the proliferation of devices supporting digital content and the rapid expansion of high-speed internet access. This trend offers consumers unprecedented flexibility in accessing a wide array of media content, spanning information, entertainment, and social engagement, at their convenience and from any location. Notably, the United States has witnessed a substantial surge in digital media consumption, marking a significant transition from conventional media platforms. The emergence and prominence of digital media players such as Netflix, Hulu, Amazon, Apple TV, Roku, and Boxee have notably disrupted the long-standing dominance of television as the primary entertainment source. These digital platforms have revolutionized how audiences access and engage with content, challenging the traditional television model and offering diverse, on-demand content options that cater to evolving consumer preferences.

Despite the prevalence of on-premise Web Content Management (WCM) systems in numerous businesses, these setups often pose significant challenges for IT teams, content creators, and marketing professionals. The intensive demands and resource allocation required by on-premise systems can burden these departments, rendering these systems less efficient and more of a drain on company resources. Acknowledging these limitations, many companies are contemplating a transition from legacy on-premise content management systems to cloud-based platforms.

North America is forecasted to dominate and maintain the largest market size. Several factors contribute to this trend, including the continuous surge in technological advancements and the growing presence of significant industry players within the market landscape. The region's emphasis on innovation and its robust technological infrastructure create an environment conducive to fostering the growth of various industries, including the market.

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Global Web Content Management Market

Report ID: SQMIG25E2109

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