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Content Services Platforms Market To Surpass $155.8 Billion Value by 2030, finds P&S Intelligence
Cloud-based platforms accounted for the major share, of 55%, in the content services platforms market in the year 2021. Moreover, the demand for them will propel at a rate of over 16% during the forecast period. This is because of the growing requirement for ease of procuring, deploying, operating, and accessing new technologies by end users. Accordingly, native PaaS and SaaS merchants in the industry are observing momentous progress, and even conventional businesses have shifted their portfolios to PaaS and SaaS.
Large companies mainly use content services platforms as they profoundly invest in novel technologies and pick the on-premises deployment mode to curtail data safety worries. Therefore, these companies contributed approximately 65% of the industry revenue in 2021. Furthermore, digital marketing firms are shifting to cloud-based content service platforms, as they can be accessed from anywhere at any time.
The BFSI industry generated over 20% of the revenue of the content services platforms market in 2021. This is because of the high acceptance of cloud-based programs in this industry, particularly for data storage, analytics, and reporting; containers, and APIs. Customers create approximately 2.5 quintillion bytes of data each day, resulting in a yearly cloud investment in excess of $67 billion by BFSI firms.
Furthermore, the government sector is procuring these platforms. Companies including Laserfiche, Objective, and Intelio offer content services platforms specifically designed for public establishments.
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Prajneesh Kumar
P&S Intelligence
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