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Discover the global cloud enterprise content management market that is expected to grow to USD 34.42 billion by 2022, at an estimated CAGR of 28.6%

The market is driven by factors such as the need for business agility, faster deployment and scalability, increasing awareness about cloud ECM among enterprises globally, and reduced costs of ownership. However, enterprises face some obstacles while adopting cloud ECM, such as security concerns, data protection, and complexities involved in application portability.

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The cloud Enterprise Content Management (ECM) market size is estimated to grow from USD 9.77 billion in 2017 to USD 34.42 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.6%. 

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This report studies the global Cloud Enterprise Content Management Make an Inquiry about this news market, analyzes and researches the Cloud Enterprise Content Management development status and forecast in United States, EU, Japan, China, India and Southeast Asia.

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This report focuses on the top players in global market, like

Opentext

Xerox

M-Files

Microsoft

Newgen Software

On the basis of solutions, the document management segment is expected to hold the largest market share. There has been a tremendous increase in the volume of documents generated in an enterprise on a daily basis; thus, this increases the need to manage and store the generated data.

The solution ensures streamlining of business information. The right information available at the right time from the right source can significantly improve the productivity of a system.

The research methodology used to estimate and forecast the cloud Enterprise Content Management market begins with capturing data on key vendor revenues through secondary research, such as cloud computing association, associations of a financial professional, and information system security association. Vendor offerings are also taken into consideration to determine the market segmentation.

The bottom-up procedure was employed to arrive at the overall market size of the global cloud ECM market from the revenue of the key players in the market.

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