GITNUX MARKETDATA REPORT 2024

Knowledge Management Industry Statistics

The Knowledge Management industry is expected to grow at a steady pace due to increasing reliance on data and information in organizations across various sectors.

Statistic 1

"A well-implemented knowledge management system can reduce redundancy costs by 25-30%."

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Statistic 2

"85% of companies say they have seen significant improvements in customer satisfaction after implementing knowledge management practices."

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Statistic 3

"55% of HR leaders prioritize building critical skills and competencies as a key focus area."

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Statistic 4

"45% of organizations have a formal knowledge management process in place."

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Statistic 5

"Knowledge management improves decision-making processes in 69% of organizations."

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Statistic 6

"60% of organizations report that knowledge management has helped increase innovation."

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Statistic 7

"64% of companies stated that knowledge management improves overall employee job satisfaction."

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Statistic 8

"The global knowledge management market size was valued at USD 206.9 billion in 2020."

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Statistic 9

"Companies lose approximately $2.4 million annually due to inefficient knowledge-sharing."

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Statistic 10

"Approximately 62% of companies use knowledge management systems to facilitate collaboration."

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Statistic 11

"55% of companies use at least one knowledge management tool, while 31% use multiple tools."

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Statistic 12

"70% of top-performing companies have a dedicated knowledge management strategy."

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Statistic 13

"By 2026, the global knowledge management market is projected to reach USD 1.1 trillion."

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Statistic 14

"74% of organizations say that effective knowledge sharing has a direct impact on productivity."

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Statistic 15

"By 2024, organizations that have maximized data literacy will achieve an 8-10% net new cash flow."

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Statistic 16

"68% of businesses say that knowledge management contributes to faster onboarding processes."

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Statistic 17

"90% of employees agree that knowledge management improves their ability to collaborate effectively."

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Statistic 18

"Around 70% of employees say they have used knowledge management tools to share their expertise within the organization."

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Statistic 19

"Implementing a knowledge management system can reduce time spent searching for information by up to 35%."

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Statistic 20

"The knowledge management market is expected to grow at a CAGR of 14.4% from 2021 to 2028."

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