The web content management (WCM) market is witnessing significant growth. It is projected to profit by around 12 percent by the end of 2018. 2018 marks the end of the forecast period. This is due to propagation of smart phones and increasing internet users.
The key factors driving the web content management (WCM) market are adoption of cloud based WCM, effective management of large amounts of data and rising demand for digitally driven data techniques. However, lack of experts and proper knowledge and privacy concerns regarding cloud based WCM are anticipated to slow down the progress of the market over the forecast period.
Technological developments in the web content management (WCM) market have resulted in efficient decision making and enhanced management of IT (Information Technology) infrastructure. Other factors driving the WCM market are augmented investments done by various industries, including life science & healthcare, consumer goods, retail and defense.
The web content management (WCM) market can be segmented on the basis of emerging solutions, applications and geographies. On the basis of emerging solutions, the market can be divided into big data management, mobile content management, social content management and cloud content management.
The applications web content management (WCM) market can be fragmented into manufacturing, telecom & information technology, consumer goods & retail, BFSI (banking, financial services and insurance), energy & power, media & entertainment and healthcare. Globally, North America dominated the market followed by Asia Pacific and Europe.
United States in North America is driving demand for the web content management (WCM) market in the region. Emerging economies, such as China and India are likely to witness significant growth. This is owing to growing applications, including consumer goods, healthcare and so on.
Posted on Apr 9, 2015 | Category Technology