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Based on component, the software segment dominated around USD 910 million revenue in 2023. The advancements in content intelligence software, specifically tailored to enhance productivity, are significantly propelling software segment growth within the market. The innovations, such as automation, real-time analytics, and personalized content recommendations, optimize workflow efficiency.
For instance, in March 2023, Laserfiche, a SaaS provider in intelligent content management, introduced a certified connector for MuleSoft. This integration streamlines access to Laserfiche’s content service platform, enabling businesses to enhance productivity by seamlessly integrating the solutions. The connector links Laserfiche’s low-code process automation, secure content management, and intelligent content capture features with various line-of-business applications.
Based on industry vertical, the media & entertainment segment accounted for 21% of the content intelligence market share in 2023, owing to their ability to personalize content and provide deep audience insights. Personalization enables tailored recommendations, enhancing viewer satisfaction and engagement. Simultaneously, by analyzing viewer behavior and preferences, content intelligence offers invaluable insights. These insights guide content creation, ensuring it aligns with audience interests, resulting in higher viewership and revenue. The combination of personalized experiences and data-driven content strategies solidifies the role of content intelligence in shaping the media & entertainment industry landscape.
North America content intelligence market held over 39% of the revenue share in 2023. In North America, advanced technological innovations are propelling the market growth. The region's continuous developments foster the creation and adoption of sophisticated content intelligence tools. High internet penetration rates in the region result in the generation of extensive digital content and data. This abundance fuels the demand for content intelligence solutions, which effectively analyze and derive valuable insights from the vast digital landscape. The synergy between technological advancements and the rich digital environment establishes North America as a key hub for market growth.