According to Cognitive Market Research, the global Knowledge Management System Market size will be USD 28154.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 17.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 11261.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8446.35 million. and will grow at a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6475.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1407.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 563.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.7% from 2024 to 2031.
The systems category is the fastest growing segment of the Knowledge Management System Market industry
