Enterprise Content Management Market Revenue to close at USD 31.2 BN by 2027
Posted On March 31, 2021
The Global Enterprise Content Management Market is foreseen to grow at a remarkable CAGR of 10.9% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 31.2 BN by 2027. Several organizations worldwide using digital technologies to manage documents and reduce paper will be the critical drivers for the enterprise content management market. Automation of several manual tasks like photocopying, dragging and dropping, and hand delivery of documents will attract new market growth avenues. Increased security, restricted access, reduced costs, and better time management while using ECM will further benefit market growth. The growing use of new technologies like machine learning, cloud, and mobile technologies, which involve large-scale digitized content, will present new market growth opportunities. Effective information governance and compliance becoming crucial for business organizations due to increasing financial frauds and data breaches will boost the market growth. The high pricing and complicated installation process are the two major restraints of the market.
Enterprise content management is an approach that allows an organization to use a set of defined processes, strategies, and digital tools to gather, organize, store and deliver content. ECM eliminates all paperwork and filing of documents in an organization. The humongous printed content like invoices resumes, contracts, research reports are digitized and stored in a secure repository. ECM enables the proper organization of the electronic files, enhances collaboration and sharing. The several advantages are reduced storage costs, improved decision-making, boosts productivity, and continued business operations.
The geographical and segmentation study covered in the report "Global Enterprise Content Management Market Report By Type (Content Management, Case Management, Workflow Management, Record Management, Digital Asset Managementv Other), By Deployment (On-Premise, Cloud), By Enterprise (Small And Medium Enterprise, Large Enterprise), By Service (Professional, Managed), By End-User Industry (Telecom And IT, BFSI, Retail, Education, Manufacturing, Media And Entertainment, Government, Healthcare, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of Type the market is segmented into Content Management, Case Management, Workflow Management, Record Management, Digital Asset Management, Other. By Deployment the enterprise content management market is categorised as On-Premise, Cloud. By Enterprise the enterprise content management market is categorised as Small and Medium Enterprise, Large Enterprise. Based on Service the enterprise content management market is segmented as Professional, Managed. By End-User Industry the enterprise content management market is categorised as Telecom and IT, BFSI, Retail, Education, Manufacturing, Media and Entertainment, Government, Healthcare, Other. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Enterprise Content Management Market -
- Content Management
- Case Management
- Workflow Management
- Record Management
- Digital Asset Management
- Small and Medium Enterprise
- Large Enterprise
By End-User Industry
- Telecom and IT
- Media and Entertainment
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
IBM Corporation, Microsoft Corporation, Open Text Corp., Oracle Corporation, M-Files Inc., Box Inc., Adobe Inc., Fajtisu Ltd., Hyland Software Inc., and Laserfiche.
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