Web Content Management Software Market Overview
The Web Content Management Software Market 2020
can advance rapidly at an approximate rate of 15% between 2017 and 2023
(appraisal period), says Market Research Future (MRFR). We will provide
COVID-19 impact analysis with the report, offering detailed market developments
following the coronavirus disease outbreak.
Renowned
Industry Vendors
The
renowned industry vendors profiled by MRFR analysts are Oracle Corporation
(U.S.), Hewlett Packard, Inc (U.S.), International Business Machine Corporation
(U.S.), Dell EMC (U.S.), Open Text Corporation (Canada), Adobe Systems Inc.
(U.S.), to name a few.
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Key
Drivers and Primary Barriers
The
COVID-19 outbreak and the resultant lockdown continue to affect the world
economy. However, the Internet has emerged as a prime solution to deal with the
pandemic spread as it is helping gain information with regard to various
aspects of the public. From education to healthcare, and from retail to sales,
the strong IT infrastructure has ensured continuous business flow as well as dissemination
of accurate data.
Although
the COVID-19 impact has been significant, the Internet has helped companies to
adapt to the major changes and continue with their work. With that said, the
unexpected changes in the internet traffic patterns have led to challenges in
terms of managing the digital content found on a website. Therefore, a number
of websites that offer critical updates with regard to the novel coronavirus
are increasing opting for the web content management software to deal with the
voluminous traffic content currently witnessed.
As a
result of the considerable surge in the internet use along with the massive
smartphone proliferation worldwide since the SARS-CoV-2 outbreak, the web
content management market has been on a rapid upward trajectory. One top market
trend can be the escalating demand for CaaS/content as a service to be
experienced as EaaS/ as a service, primarily among renowned technology vendors
and to better review the customer behavior so they are able to provide an enhanced
customer service. Another important market trend can be the increasing
innovations in PaaS/ cloud platform as a service, given that several companies
are now opting for cloud to conduct business as they bring down the cost of
maintenance as well as subscription services.
For
instance, in July 2020, Strapi, a leading web content management system firm,
released its latest enterprise editions that help boost the RBAC/ Role-Based
Access Control capabilities for enhanced governance and security.
Market
Segmentation
Component,
deployment, organization size and industrial sectors are the key segments
according to which the web content management software market has been covered
in the MRFR study.
The
primary components discussed in the report are solution as well as services.
The
market caters to cloud and premise, depending on deployment.
The key
ranges based on the organization size are large enterprises along with small
and medium enterprises.
The web
content management software is largely used in industrial sectors such as
education, hospitality, government, healthcare, food and beverage, media &
entertainment, retail, and more.
Regional
Insight
The
geographical distribution of the web content management software industry
comprises Europe, Asia Pacific/APAC, North America and RoW/rest of the world.
At
present, North America is the global leader and is touted to remain so
throughout the review timeline. With the expansive IT infrastructure and the
fast consumption rate of the latest technologies, North American remains one
step ahead of other regions. Some other factors that work in favor of the
regional market can be the high amount of focus that goes into research &
development, especially in the United States as well as Canada. These countries
are technically progressive and house some of the world renowned web content
management software companies, which can be another major factor that promotes
market growth.
A
noteworthy development in the global market can be APAC’s fastest advancement
rate from 2017 to 2023. Since the region is home to a fast increasing number of
emerging firms in the field of software solutions, software development and
electronics, the web content management market here is bound to observe garner
profits in the ensuing years. The leading contenders in the region are
immensely focused on boosting their revenues by offering personalized content,
push the online interaction level with their customers and are also interested
in expanding their brand presence, as a result of which the market is presumed
to progress at a bullish rate in the following years.
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