GITNUX MARKETDATA REPORT 2024

Knowledge Management Software Industry Statistics

The Knowledge Management Software Industry is projected to see steady growth over the next few years, with increasing adoption by organizations looking to enhance knowledge sharing and collaboration among employees.

Statistic 1

"Knowledge Management Software market is expected to grow at a CAGR of 12% between 2021 and 2026."

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Statistic 2

"Nearly 51% of businesses claim regularly using a type of knowledge management system."

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Statistic 3

"In a survey, 42% of respondents stated that their customer service improved since implementing knowledge management software."

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Statistic 4

"75% of IT businesses said their revenue has increased since integrating knowledge management software"

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Statistic 5

"More than 80% of organizations believe that greater knowledge accessibility boosts productivity."

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Statistic 6

"60% of organizations have employees spending at least 3 hours per week to look for necessary information."

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Statistic 7

"North America accounts for about 42.8% share of the global knowledge management software market."

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Statistic 8

"Artificial Intelligence (AI) in knowledge management software is expected to grow at a CAGR of 40.2% by 2027."

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Statistic 9

"40% of employees report difficulty in locating documents without the knowledge management software."

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Statistic 10

"80% of businesses are still searching for an innovative knowledge management system, indicating the potential of the knowledge management software industry."

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Statistic 11

"The SMEs segment had a significant market share and this trend is expected to continue over the forecast period."

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Statistic 12

"70% of information currently unable to access easily can be improved with a knowledge management platform."

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Statistic 13

"European knowledge management software market is expected to grow at a CAGR of 13.3%, 2020-2025."

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Statistic 14

"67% of businesses perceive a significant improvement in decision-making processes with the implementation of knowledge management software."

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Statistic 15

"An average of 5% reduction in operational costs felt by companies after integrating knowledge management software."

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Statistic 16

"By 2025, 43% of knowledge work automation is expected due to advanced knowledge management systems."

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Statistic 17

"Large enterprises are leading the adoption of knowledge management software with a 60% share."

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Statistic 18

"By 2026, cloud-based knowledge management software deployment is expected to grow at a CAGR of 14.5%."

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