Information Communication and Technology Reports CSP Market Report

Content Services Platforms Market size is expected to
grow from USD 22.6 billion in 2018 to USD 60.3 billion
by 2023
According to a new market research report” Content Services Platforms Market by Solution (Document &
Records Management, Workflow Management, Data Capture, Information Security, and Governance), Service,
Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2023", published by
MarketsandMarkets™, The content services platform market is expected to grow from USD 22.6 billion in 2018 to
USD 60.3 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period.
The major factors driving the content services platform market include the growing adoption of social, mobile,
analytics and cloud (SMAC) technologies and the proliferation of digital content across enterprises.
Browse and in-depth TOC on “Content Services Platforms Market”
74 - Tables
35 - Figures
135 - Pages
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Key Market Players for Content Services Platforms Market
Major vendors in the market include Microsoft (US), Hyland (US), OpenText (Canada), Box (US), Laserfiche (US),
Adobe (US), IBM (US), M-Files (Finland), Nuxeo (US), Objective (US), Fabasoft (Austria), Micro Focus (UK), GRM
Information Management (US), Everteam (France), DocuWare (Germany), Alfresco (US), Newgen (India), SER
Group (Germany), and Oracle (US).
Focus of organizations towards managing and utilizing their enterprise content is driving the adoption of CSP. As
enterprises are moving toward digitalizing their workspaces, solutions and services associated with CSP are being
adopted at a high rate by them.
Document and record management is expected to hold the largest market share in 2018. Modern-day business
operations lead to the creation of large volumes of electronic and physical documents and records. Document and
records management systems are used by organizations to manage and record documents throughout the
document life cycle, from creation to destruction. These solutions empower organizations in meeting regulatory
compliances, and reduces the risks associated with audit and litigation and also maximizes the value of enterprise
information. Document and record management systems can integrate with other solutions and tools in the CSP. It
is one of the most important solutions in a CSP and has the highest proportion of market share as compared to the
other solutions.
The cloud segment is expected to grow at a higher CAGR during the forecast period. The cloud-based deployment
type allows users to access the solution from anywhere or any device, such as personal computers, laptops, and
mobiles. Cloud-based CSP solutions help reduce the overall costs while also providing highly flexible and scalable