Web Content Management Market Regional Analysis:
North American Market Insights
The web content management market in North America is projected to be the largest with a share of about 30% by the end of 2035. The growth of the market can be attributed majorly to the increasing penetration of the internet. At the start of 2023, the internet penetration rate in the United States was approximately 92 percent of the total population. Between 2022 and 2023, the number of Internet users in the United States increased by around 2 million. Furthermore, higher use of OTT content for entertainment is also expected to boost web content management market growth. In 2022, Canada had the highest OTT penetration rate of around 90% followed by New Zealand and the United Kingdom.
APAC Market Insights
The Asia Pacific web content management market is estimated to be the second largest, registering a share of about 28% by the end of 2035. The growth of the Web Content Management Market can be attributed majorly to the increasing use of OTT platforms. India's OTT audience increased by 20% between 2021 and 2022. Almost half of the OTT audience views online videos on free streaming services such as YouTube. The Indian OTT audience universe now numbers 424 million people. In India, 119 million of these are active paid OTT subscriptions. Moreover, in 2019, over 52% of Chinese people watched TV shows on OTT devices, reaching over 611 million people. After mobile phones, OTT devices have become the second largest online video viewing channel for Chinese netizens.
Europe Market Insights
Europe region is anticipated to register substantial growth through 2035. The growth of the market can be attributed majorly to the growing demand for online services. According to the results of the EIB Investment Survey (EIBIS) performed from April to July 2021, 46% of enterprises in the European Union have taken steps to become more digital, such as by providing services online. In addition to this, according to Eurostat, in 2022, 93% of EU households would have internet connectivity, up from 72% in 2011. On the other hand, web content management market growth in Europe is also expected on the account of a higher number of people using smartphones. Between 2023 and 2028 smartphone penetration in Europe is expected to rise steadily by around 5 percentage points. Furthermore, penetration will have increased for the fifth year in a row to around 89 percent.
