Enterprise Content Management Market
With increasing pace of transformation of traditional business process to digital one enormous data is generated by connected devices and processes every day. To utilize such informative business-related data to enhance business productivity and understand customer preferences enterprise content management (ECM) solution has become a need of all the types of enterprises. ECM is an advanced solution that allows end user organizations to tackle large amount of unstructured and structured data from creation to disposition. It helps enterprises to capture, store, access, manage, and analyze enterprise content, mobile content, and web content related to workflow and business processes.
Primary factors driving adoption of enterprise content management market are growing need to enhance business productivity by utilizing large amount of workflow related unstructured data. Also, deployment of ECM solutions is on rise as organization focus to meet regulatory compliances is increasing across the globe. This, in turn, is projected to fuel growth of the enterprise content management market worldwide. In contrast, threat of cyber-attacks is likely to impede growth of the market over the forecast period.
The global enterprise content management market has been segmented based on offering, solution, services, deployment model and end-user vertical. Based on offering the market has been segmented into solution and service. The solution segment includes various segments such as mobile content, digital asset management, web content management, document management, record management, image capturing and storing solution, and other solutions. On the basis of services, the global enterprise content management market is classified into implementation & integration, consulting and support & training services. The deployment model segment is further sub-segmented into on-premise and cloud-based. Major end-user verticals analyzed in the global enterprise content management market are BFSI, media & entertainment, manufacturing, telecom & IT, energy & utility, transportation, healthcare, public sector, and other industries.
Major regions captured in the global ECM market are North America, Western Europe, Eastern Europe, Latin America, Asia Pacific, and Middle East and Africa. In 2016, North America was the dominant regional market owing to increasing deployment of IoT technology, digital solutions and other emerging technologies. However, Europe and Asia Pacific is expected to emerge as an lucrative markets in the global enterprise content management market by the end of 2023.
Enterprise Content Management Market Competitive Landscape
Major vendors players identified in the content management market are Dell EMC, Alfresco Software, Inc., Hyland Software, IBM Corporation, Laserfiche, Oracle Corporation, Microsoft Corporation, Newgen Software Technologies Limited, SER Group, M-Files Corporation, and Xeroz Corporation. Prominent players in the market are emphasizing on adopting mergers and acquisition strategy to enhance market footprints in emerging regional markets and technological expertise.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on enterprise content management market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.