The global enterprise content management market is at its emerging phase. With strengthening compliance restrictions in a broad range of industries, organizations are progressively utilizing ECM systems to optimize records management practices and protect against risk. ECM helps organizations eliminate manual tasks, including photocopying, hand delivery, and repetitive dragging and dropping to achieve more significant results with fewer resources. Benefits to an organization include improved productivity, better control, and diminished expenses.
NORTH AMERICA ACCOUNTED FOR OVER 35% SHARE IN 2020.
North America is at the forefront in the adoption of innovative digital solutions. Rising digital content, along with increasing online marketing and online customer relationship, drive growth. The presence of prominent players in the region adds a boost to the market. Some of them are IBM Corporation, OpenText Corp., Hyland, Oracle Corporation, and Microsoft Corporation, among others. Moreover, the region invests heavily in the Research and Development (R&D) activities, contributing to new technologies' growth.
PROMINENT PLAYERS IN THE MARKET:
IBM Corporation, Microsoft Corporation, Open Text Corp., Oracle Corporation, M-Files Inc., Box Inc., Adobe Inc., Fajtisu Ltd., Hyland Software Inc., and Laserfiche
Global Enterprise Content Management Market Was Valued At Around USD 15.5 Billion In 2020, And Is Projected To Grow At Around 10.9% CAGR.
Enterprise content management (ECM) is a filing system designed to manage an organization's unstructured information and documents. Using ECM, files and data can be stored and made accessible to the right people at the right time. ECM collects and organizes existing digital files in a central location, storing document metadata in folders. It helps remove dependence on paper and streamline business processes, drive better customer service, increase productivity, and reduce organizational risk. ECM system process ranges within the lifecycle of content, from capturing information to publishing and archiving it.
Market Dynamics
The rising complexity of a company's operation and companies' growing demand to deliver streamlined and personalized content drive the global enterprise content management market. Enterprise content management is gaining robust popularity among organizations. Rising digitalization and automation are influencing the global enterprise content management market's growth. Over the past few years, ECM has shifted towards a more elaborative and interactive business role. There are new types of content, video, audio, and social, that has blurred the traditional ECM lines. Cloud technology, machine learning, and mobile capability present new opportunities for the market. However, ECM services bring in potential security risks and do not provide total control, which poses a significant hindrance to market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of enterprise content management.
Market Segmentation
The entire Enterprise Content Management market has been sub-categorized into type, deployment, enterprise, service, end-user industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Content Management
- Case Management
- Workflow Management
- Record Management
- Digital Asset Management
- Other
By Deployment
By Enterprise
- Small and Medium Enterprise
- Large Enterprise
By Service
By End-User Industry
- Telecom and IT
- BFSI
- Retail
- Education
- Manufacturing
- Media and Entertainment
- Government
- Healthcare
- Other
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for enterprise content management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Enterprise Content Management Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the enterprise content management market include IBM Corporation, Microsoft Corporation, Open Text Corp., Oracle Corporation, M-Files Inc., Box Inc., Adobe Inc., Fajtisu Ltd., Hyland Software Inc., and Laserfiche. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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