The market for Web Content Management Market is expected to reach US$ XX million by 2027.
The web content management market is expected to grow at a CAGR of 17.5% from 2019 to 2027, with a starting value of US$ 8 billion in 2018. Increasing customer penetration of learning content management systems (LCMS) offers worthwhile growth opportunities for web content management market providers. Students are becoming more inclined towards using online courses from anywhere on the globe. An LCMS keeps track of the content developments and contributions of various tutors. With the increasing pace of digitization, there is a need for automating the assessment process of students in educational institutions. Content management systems automate the whole assessment and content development process quickly and efficiently. It also helps to manage administrative tasks and content development from a central location.
The benefits offered to an organization, such as easy access to data and applications and lower IT expenditure, are expected to drive cloud adoption over the forecast period. Increasing adoption of cloud services is likely to present a noteworthy opportunity for the growth of cloud-based web content management services and solutions.
Industry Analysis
Media & Entertainment holds the largest share in the overall web content management market.
On the basis of industry, the market is subdivided into BFSI, media & entertainment, retail & consumer goods, healthcare & life sciences, research & academic, travel & hospitality, government, telecom, IT & ITES, and others. The media and entertainment industry held the largest share of the web content management market in 2018 due to increasing demand for supervision of the content on web pages by media portal providers, publishers, and broadcasters to propose improved services to customers of websites.
The web content management market, on the basis of retail and consumer goods, is expected to grow at a rate of over 16% during the forecast period. The expansion of e-commerce companies is increasing, as is the number of mobile users globally, as a result of the growing online retail sector.
North America dominates the web content management market.
North America dominated the web content management market in 2018 and is expected to continue its dominance during the forecast period. North America held around 40% of the share in the overall web content management market in 2018. The dominance of the region is led by the growing adoption of digital platforms and technologies. In addition, Europe was the second-largest market in 2018 due to the rising penetration of cloud-based services.
Asia Pacific is projected to grow at a considerable rate during the forecast period.
Asia Pacific is expected to grow at a noticeable rate during the forecast period due to the rising adoption of customer engagement strategies by a number of business organizations, which is a major factor driving the web content management market.
This study report includes an analysis of each segment from 2017 to 2027, with 2018 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2019 to 2027.
The current report also includes qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to provide a complete picture of the overall Web content management market. Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
The market for Web Content Management Market is expected to reach US$ XX million by 2027.
The Web Content Management Market is expected to see significant CAGR growth over the coming years, at 17.5%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Acquia, Inc., Episerver, IBM Corporation, Hyland Software, Inc., eZ Systems AS are some of the major players in the global market.