Web Content Management Market, By Component (Solution, Service), By Deployment (Cloud based, On-premises), By Organization size (Large, Small, Medium), By End-users (Healthcare, Education, Retail, Government, Automotive) - Forecast 2023
Pune, India -- (SBWIRE) -- 11/16/2017 -- Web Content Management Market
According to Market Research Future, market has been segmented into component, deployment, organization size, end-user and region.
On the basis of deployment, the market has been bifurcated into cloud based and on-premises. Out of these deployment, cloud based accounted for the largest market share majorly due to cost benefits and speed of deployment. However, on-premises segment is expected to boost the market over the forecast period, 2017-2023. The reason is attributed to increasing number of large enterprises which require storage of their content digitally.
On the basis of region, the market has been segmented into North-America, Europe, Asia-Pacific and Rest of the world. North American region dominated the Web Content Management Market.
The global web content management market is expected to reach approximately USD 11 billion by the end of 2023 with 17% CAGR during forecast period 2017-2023.
Web Content Management Market Players:
- IBM Corporation (US)
- OpenText Corporation (Canada)
- Sitecore Corporation A/S (Denmark)
- Adobe Systems Incorporated (US)
- Crownpeak Technology (US)
- Oracle Corporation (US)
- e-Spirit AG (US)
- SDL Plc (UK)
- Microsoft Corporation (US)
- Episerver, Inc. (US)
- Acquia, Inc. (US)
- Rackspace Hosting Inc., (US)
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The web content management system solutions enables organizations to manage data in a digital format. The system offers various benefits such as more efficient workflows and improved security. Factors such as increasing shift towards on-premises software as a services and the growing implementation of web content management solutions in the healthcare & education sectors are the factors boosting the growth of the web content management market.
Market Research Future Analysis
The global web content management market is expected to grow significantly over the forecast period, 2017-2023. Media & Entertainment segment of web content management market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
Asia-Pacific region is expected to boost the market over the forecast period, 2017-2023. Countries such as India and China contributes largely to the growth of the market. The reason is attributed to the growing demand for enterprise content management in emerging economies, increasing demand for digitalization and increasing demand for data management. Furthermore, web content management market has an immense scope in this region majorly due to increasing demand for online data driven technologies.
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