According to a comprehensive research report by Market Research Future (MRFR), “Enterprise Content Management Market” information by Solution, by Service, by Organization Size, by Vertical and Region – Forecast to 2030” market size to reach USD 77.32 billion, growing at a compound annual growth rate of 12.25% by 2030. The research report covers ECM market share, market drivers, opportunities, and industry-specific systems in great detail.
Enterprise content management solutions are wide-ranging platforms that help enterprises curate, organize, store & share, and manage various types of content, such as Web properties (XML, HTML), product information, records, documents (DOC, OCF, XLS, PDF), and images (JPEG, TIFF, PNG). With enterprises undergoing digital transformation, the data is rapidly accumulating and will only increase further over time.
Today's enterprises need a comprehensive, secure, and automated solution to manage high volumes of information easily. ECM is essential for content governance as it provides the repository of records for important business documents. ECM also supports a single source for collaborative work and maintains content security while making content findable and useful.
Dominant Key Players on Enterprise Content Management Market Covered are:
Hyland Systems Inc.
Open Text Corporation
Jatheon Technologies Inc.
Barracuda Network Inc.
LSSP Corporation (Pinpoint)
Xerox Holdings Corporation
Docuware GmbH (Ricoh)
Datamatics Global Services Limited
Newgen Software Technologies Limited
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Market USP Exclusively Encompassed:
Enterprise content management system comprises several types of content management solutions. ECM solutions deliver a variety of functions and roles within an organization, such as case management, records management, document management, proprietary information management, benefits of enterprise content management systems, access management, and others.
Highly regulated sectors like healthcare and financial services need ECM systems with built-in features to keep a company compliant, such as keeping audit trails, timeframes for retaining records, and other accountability activities. ECMs also help organizations centralize information as a single source of truth for employees.
ECMs enable information sharing & storing more efficiently and reduce the clutter that accumulates due to multiple file versions by keeping the most up-to-date versions and archiving the old ones. This helps avoid confusion when accessing necessary information for collaborating. Resultantly, the market holds the potential to expand phenomenally in the years to come.
Segmentation of Market Covered in the Research:
The report is segmented into solutions, services, deployment, organization size, verticals, and regions. The solution segment is bifurcated into web content management, mobile content management, documentation management, records management, content workflow management, and others. The service segment is bifurcated into integration, support & maintenance, training, and other services.
The deployment segment is bifurcated into on-cloud and on-premises. The organization size segment is divided into SMEs and large enterprises. The vertical segment is bifurcated into retail, BFSI, healthcare, IT & telecommunication, energy & utilities, transportation & logistics, and others. The region segment comprises America, Asia-Pacific, Middle East & Africa, Europe, and rest-of-the-world.
The regional analysis for the global Enterprise content management (ECM)has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2019, North America accounted for 43.92% of the share in the enterprise content management (ECM) market,with the US dominating the regional market in terms of share, followed by Canada.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 24
1.1 MARKET ATTRACTIVENESS ANALYSIS 26
2 MARKET INTRODUCTION 27
2.1 DEFINITION 27
2.2 SCOPE OF THE STUDY 27
2.3 RESEARCH OBJECTIVE 27
2.4 MARKET STRUCTURE 28
3 RESEARCH METHODOLOGY 29
4 MARKET INSIGHTS 36
5 MARKET DYNAMICS 38
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