Market Analysis
Market Research Future (MRFR) estimates the global Web Content Management Market Growth size to reach USD 25,341 million at a CAGR of 18.05% over the forecast period (2020-2027).
Companies use web content management systems to handle their content without the need for authoring tools. The internet's rapid proliferation and use by consumers for product and item purchases could be critical in the rise of the web CMS industry.
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The proliferation of web services as a result of easy access to the internet and smartphones is predicted to encourage market growth over the forecast period. The use of WordPress to easily create sites, combined with the involvement of talented personnel to create a repository of content, will bode well for the industry. The appeal of sites created in this manner, as well as the use of plug-ins to gain recognition in searches globally, can drive the Web Content Management Market Growth.
However, integration of content management systems with servers of enterprises may limit the market growth. The growth of the software as a service (SaaS) companies, as well as a lack of knowledge of APIs, can hinder the migration of web CMS.
COVID-19 Impact on the Global Web Content Management Market Growth
The COVID-19 outbreak has led to work-from-home privileges being granted by employers for curbing the spread of the disease. The market for content management systems for storing confidential data of websites that comprise a company's intellectual property could be an opportune time for the industry. Companies that indulge in web content management services are solely concerned with providing a seamless digital consumer experience. Application program interfaces that aid in engaging customers and driving an increase in leads and sales can be beneficial to players. The use of data for optimizing customer experience as well as making it simpler for employees to manage the data of the website can be witnessed as an aftermath of the COVID-19 pandemic.
Market Segmentation:
The global web content management industry has been segmented into components, organization size, deployment, and end-user.
By component, the global web content management industry has been segmented into solutions and services.
By organization size, the global web content management industry has been segmented into small and medium enterprises and large enterprises.
By deployment, the global Web Content Management Market Growth has been segmented into on-cloud and on-premise
By end-user, the global Web Content Management Market Growth has been segmented into travel and tourism, hospitality, retail, media and entertainment, healthcare, education, BFSI, and others.
Regional Analysis:
By region, the global Web Content Management Market Growth has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
In 2018, North America held a 43% market share. It is expected to grow at a CAGR of 16.98% during the forecast period, owing to the importance of content in driving brand recognition and reach among customers. The proliferation of the internet and the pervasiveness of smartphones can drive the demand for web CMS in the region. The market can benefit from the adoption of digital platforms for commercial and public use, as well as the need for a seamless surfing experience.
Key Players:
Adobe (U.S.), EpiServer (Sweden), Hyland Software Inc. (U.S.), Opentext Corporation (Canada), Sitecore (U.S.), E-Spirit AG (Germany), Microsoft Corporation (U.S.), Crownpeak Technology Inc. (U.S.), IBM Corporation (U.S.), Progress Software Corporation (U.S.), Oracle Corporation (U.S.), SDL Plc (U.K.), Kentico Software (Czech Republic), Acquia Inc. (U.S.), Rackspace (U.S.).
Recent Development:
The movement of large volumes of information created by the Norwegian Institute of Public Health (NIPH) to raise awareness of the COVID-19 pandemic and its latest updates was aided by Episerver Content Cloud. The information will help identify patients, counsel infected people, and provide them with effective measures to curb the spread. The platform can be used to provide a personalized experience to visitors and manage content seamlessly.
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Summary:
The global Web Content Management Market Growth size is estimated to reach USD 25,341 million at a CAGR of 18.05% from 2020-2027 (forecast period). The global web content management industry growth is driven by the development of websites for brands needing an online presence. Furthermore, digital mediums and the preference for surfing for information can generate market demand. A large customer base, access to high-speed internet, and improvements in analytics can navigate the changing trends in the landscape.
About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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