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New report examines the enterprise content management market expected to reach US$ 72.64 billion by 2023 end

IT Market Research

Enterprise Content Management Market by Deployment Type (Cloud, On-Premises) By Industry Sector (Transportation, Telecom and IT, Education).

GLOBAL ENTERPRISE CONTENT MANAGEMENT MARKET Make an Inquiry about this news was valued at USD 29.93 Billion in the year 2017. Microsoft Corporation (US), IBM Corporation (US), Xerox Corporation (US), Oracle Corporation (US), Everteam (France) are some of the key players in the Enterprise Content Management Market with IBM Corporation holding the substantial market share because of its better technological advancements and global reach.

Technological up-gradation to cater changing demand of end users, similarly, growth strategies such as developing new products with features for better navigation, analysis, managing records, and workflows were adopted by most of the top players in last 5 years.

Global Enterprise Content Management Market is further estimated to grow at a CAGR of 15.92% from 2018 to reach USD 72.64 Billion by the year 2023.

North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S.

as well the emerging markets like China with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.

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Drivers:

             Maintaining data secrecy and preventing data loss by enterprises

             Organizations adopting to the content ecosystem

Restraints:

             Managing data in case of mergers and acquisitions

             Increasing operational costs due to the periodical changes in technology

Opportunities:

             Utilization of the Content Maturity Model

Challenges:

             Lack of technical expertise among small & mid-level enterprises

Segmentation done on the basis of Industry Sector includes Transportation, Telecom and IT, Education, Healthcare, Retail, Manufacturing of which the Retail segment is expected to hold the highest market share during the forecast period. This is because more customers are moving towards cashless payments.

The governments of different countries have set strict norms to protect the information related to the customer’s credit card. Thus, more companies are now providing secure and effective ECM’s to handle the challenges that are unique to the retail sector.

The Transportation segment is also expected to grow at the highest CAGR during the year 2018-2023. Transportation companies require an ECM product which would meet all the needs of their departments like HR, Finance, Legal across corporate & branch locations.

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Key Benefits for Stakeholders

ECM solutions & service providers

IT consulting service providers

End-use industries

Internet & Cloud service & solution providers.

By Deployment Type

Cloud

On-Premises

By Industry Sector

Transportation

Telecom and IT 

Education

Healthcare

Retail

Banking, Financial Services, and Insurance

Manufacturing

By Division

Supply Chain Management

HR

Marketing

Finance

Others

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

Microsoft Corporation

IBM Corporation

Xerox Corporation

Oracle Corporation  

Everteam

Alfresco Software, Inc.

Hyland Software, Inc.

Laserfiche

M-Files Corporation

Newgen Software, Inc.

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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