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. Enterprise Content Management (ECM) Market size was at USD 40.62 billion in the year 2019 and expected to surpass over USD 77.32 Billion by the year 2030 while registering over 12.25% in the forecast period.
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.
Enterprise Content Management (ECM) Market Key Players
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- M-Files Inc.
- Hyland Systems Inc.
- Open Text Corporation
- Jatheon Technologies Inc.
- Barracuda Network Inc.
- LSSP Corporation (Pinpoint)
- Adobe Inc.
- Box Inc.
- Fujitsu Limited
- Capgemini SE
- Laserfiche
- Xerox Holdings Corporation
- Docuware GmbH (Ricoh)
- Datamatics Global Services Limited
- Newgen Software Technologies Limited
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Market USP Exclusively Encompassed:
Market Drivers
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.
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Segmentation of Market Covered in the Research:
By Solution
- Web Content Management
- Mobile Content Management
- Documentation Management
- Records Management
- Content Workflow Management
- Others
By Service
- Integration
- Support & Maintenance
- Training
By Deployment
- On-Premises
- Cloud
By Organization Size
- SMEs
- Large Enterprises
By Vertical
- BFSI
- Healthcare
- Retail
- IT & Telecommunication
- Energy & Utilities
- Transportation & Logistics
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Regional Analysis
North America is a significant market for enterprise content management solutions globally. The largest market share attributes to the major enterprise content management firm present in the region. Besides, the increase in the utilization of enterprise content management solutions in various industrial verticals, such as retail, BFSI, IT & telecommunication, boosts the market in the region. Factors such as growing IT infrastructures and high adoption of digitization in major countries fuel the regional market growth.
Report overview
This report has covered
- Market overview
- COVID 19 Analysis
- Market dynamics
- Cumulative growth analysis
- Value chain analysis
- Segment overview
- Regional analysis
- Competitive landscape
- Recent developments
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