What is Content Services Platforms Market?
Content services platforms are integrated collections of content-related solutions and technologies that share APIs and repositories to enable a variety of enterprise-level content use cases. Traditional business content management systems are being replaced by content services platforms. Enterprises may focus on strategies and techniques to cope with their expanding content and data demands with the aid of content services platforms.
The market study is being classified by Type (Cloud-based and On-premise), by Application (BFSI, Government and Public Sector, Healthcare and Life Sciences, Energy and Utilities, IT and Telecom, Education, Manufacturing, Legal, Transportation and Logistics and Other) and major geographies with country level break-up.
Microsoft (United States), Hyland (United States), OpenText (Canada), Box (United States), Laserfiche (United States), Adobe (United States), IBM (United States), M-Files (Finland), Nuxeo (United States), Objective (United States), Fabasoft (Austria), Micro Focus (United Kingdom), GRM Information Management (United States), Everteam (France) and DocuWare (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Alfresco (United States), Newgen (India), SER Group (Germany) and Oracle (United States).
The Top companies’ main tactics for exploring the market are expansions, investments, new service launches, and partnerships. The fierce competition, shifting consumer buying patterns, demographic trends, and regular shifts in customer preference all present substantial market growth potential. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Content Services Platforms market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Content Services Platforms market by Type, Application and Region.
On the basis of geography, the market of Content Services Platforms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The demand of Content Data Actively by Individuals, Teams, and Workgroups by Large Enterprises
- The proliferation of Digital Content across Enterprises and Effective Use of Unstructured Data
Market Trend
- Advancements in Cloud-Based Technologies
Restraints
Opportunities
- Inclination Towards End-To-End Cross-Platform Solution
- Scalability and Cost-Effectiveness
Challenges
- Security, Networking, and Storage Options may be Severely Limited
Market Leaders and some development strategies
On 04 March 2021, Hyland announces the acquisition of Nuxeo for industries experience and product innovation. The acquisition will help Hyland's continuing platform innovation and worldwide footprint expansion as the leader in cloud-based content services platforms. By incorporating Nuxeo's services and capabilities, the firm will be able to compete in new markets and provide new levels of client assistance.
On 18 March 2021, Hyland release Alfresco Content Services 7.0, the most advanced cloud-native content services platform, designed for content model flexibility and scalability. Higher scalability, stronger compliance, faster search speed, and quicker upgrade pathways are among the new features in Alfresco Content Services 7.0, which may help businesses across the world alter business processes and better support, remote workers
Key Target Audience
Content Services Platform Providers, Content Services Platform Suppliers, International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others