Hyland, OpenText, Box, and M-Files, have majorly adopted many growth strategies in Content
Services Platforms Market
The 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", 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
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The solutions segment is expected to hold the largest market in the global content services platform market
during the forecast period.
Content services platforms are integrated sets of content-related solutions and tools that share common APIs and
repositories to support multiple enterprise level content use cases. Content services platforms are the next
evolutionary phase of traditional enterprise content management systems. With the help of content services
platforms, enterprises can focus on ways and approaches to deal with their growing content and data needs. Some
of the solutions that make up a content services platforms include document and records management, workflow
management, data capture, case management, information security and governance, content reporting and
analytics, and so on.
Cloud deployment type is expected to grow with the fastest CAGR during the forecast period.
Cloud or hosted content services platform solutions are provided as SaaS by service providers. These solutions
convert fixed costs of services to variable costs as customers pay according to the services used by them. They can
also start or stop any servi