Market Research Report
Enterprise Content Management Market by Component (Solutions & Services), Business Function (Accounts & Finance, Human Resources, Supply Chain Management, Operations, & Marketing), Deployment Type, Organization Size, Vertical - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||300602|
|Published||Content info||161 Pages
Delivery time: 1-2 business days
|Enterprise Content Management Market by Component (Solutions & Services), Business Function (Accounts & Finance, Human Resources, Supply Chain Management, Operations, & Marketing), Deployment Type, Organization Size, Vertical - Global Forecast to 2022|
|Published: July 20, 2017||Content info: 161 Pages||
"Exponential data growth and increasing need for regulatory content management in the enterprises is driving the overall market"
The Enterprise Content Management (ECM) market size is expected to grow from USD 31.66 billion in 2017 to USD 67.14 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.2%. ECM is the systematic collection and organization of information that is to be used by a designated audience such as business executives and customers. The exponential data growth, increasing need to manage data in enterprises and increased traction for risk mitigation in content management are driving the ECM market. Effectiveness, efficiency, compliance, and continuity all are combined in different proportions to drive the business case for content management in most organizations. However, factors such as difficulties in smooth handling of enterprise data in case of mergers and acquisition and the existence of content data silos are hindering the ECM market growth.
The web content management solution is estimated to contribute the largest market size during the forecast period. It helps in maintaining, controlling, changing, and reassembling the content on a web page. Web content management is widely adopted among industries due to the increased complexities in management of ample of data configuration, integration across the globe, and challenges of managing sensitive information of customer's personal data and business information.
Cloud-based technology is the fastest-growing deployment type in the ECM market and is expected to grow at the highest CAGR of 18.4% from 2017 to 2022. Cloud-based deployment model reduces the total cost of ownership by cutting down the cost associated with installing hardware to support ECM solutions. Cloud-based deployment model offers higher agility than the on-premises deployment model.
APAC is expected to be the fastest growing region during the forecast period in the ECM market. The high growth rate in APAC is attributed to the increasing technological adoption in developing countries such as India and China. Furthermore, the increased need to manage consistent data and induce control and visibility mechanisms has led to a wider demand among enterprises for ECM solutions in the APAC region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The breakup of profile of the primary participants is as follows:
The ECM ecosystem comprises major vendors offering solution and services such as Microsoft Corporation (US), IBM Corporation (US), Oracle Corporation (US), Xerox Corporation (US), EverTeam (France), Fabasoft (Austria), Laserfiche (US), M-Files Corporation (US), Alfresco Software, Inc. (UK), Hyland Software, Inc. (US), Newgen Software Technologies Ltd. (India), and OpenText Corporation (US).
The report includes in-depth competitive analysis of the key players in the ECM market, with their company profiles, recent developments, and key market strategies. The research report segments the ECM market by component, deployment type, organization size, business function, vertical, and region.
The ECM market has been segmented by component, deployment type, organization size, business function, vertical, and region. The report will help market leaders/new entrants in this market in the following ways:
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments might not be captured in case of unlisted companies.