Enterprise Content Management Market by Deployment Type (Cloud, On-Premises) By Industry Sector (Transportation, Telecom and IT, Education).
GLOBAL ENTERPRISE CONTENT MANAGEMENT MARKET 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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Maintaining data secrecy and preventing data loss by enterprises
Organizations adopting to the content ecosystem
Managing data in case of mergers and acquisitions
Increasing operational costs due to the periodical changes in technology
Utilization of the Content Maturity Model
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
Internet & Cloud service & solution providers.
By Deployment Type
By Industry Sector
Telecom and IT
Banking, Financial Services, and Insurance
Supply Chain Management
Key Market Players
Alfresco Software, Inc.
Hyland Software, Inc.
Newgen Software, Inc.
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