The global Enterprisecontent management (ECM) market size is expected to value USD 93.76 billion by 2025. The ECM market is subject to witness a substantial growth due to the ever growing demand to safeguard highly confidential information and allow high-level of operational efficiency. Moreover, numerous governmental schemes associated data security are further escalating the need for enterprise content management software, subsequently, driving growth of the market.
Soaring
volumes of data on web server are heightening the importance of enterprise
content management software to carry out business processes such as storage,
management of data sets, and sharing of information through videos and audio
clips, and are responsible for fueling the market value. Growing preference
toward cloud services is substantially influencing the market size on
global-scale. Globally, the enterprise content management (ECM) market is
predicted to grow at a CAGR of 15.6% in forecast period, providing numerous
opportunity for market players to invest for research and development in the
enterprise content management market.
Multiple
software providers are offering automated data security services that allows
easy management to encrypt crucial data such as financial reports to avoid
illegal access. Though, growing concerns related to the higher initial cost and
maintenance cost in vendors is hampering progress of the enterprise content
management industry. Lack of internet penetration mainly in emerging economies
is also major obstacle for market growth.
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Enterprise
content management (ECM) is responsible for reiterating the phrase of content
management by supplementing specific a timeline at each level of enterprise
content process that involves content creation, authorization and
redistribution. Enterprise content management (ECM) consists of different
techniques to import content for bringing latest set of items under the overall
management processes and enable use of these of these items. The most important
property of the enterprise content management (ECM) is that awareness about the
kind of content is created and distributed along the way by keeping track of
enterprises process at each level of operation. This completely sets it apart
from conventional content management system.
Enterprise
content management (ECM) allows to streamline the complete document lifecycle
with the help of advanced document management and automation of workflows. It
is suitable for number of file systems that includes office suites, image
files, e-mail, and CAD i.e. computer aided designs. It becomes essential for
any enterprise that is utilizing large volumes of content to carry a
well-defined enterprise content management (ECM) system in order to completely
eliminate operational incapacities, minimize operational cost and stick to
regulatory terms and conditions.
Enterprise
content management (ECM) systems are deliberately divided into five key
components such as capture, manage, stock, reserve and distribute, to achieve
enhanced performance level. Each component is responsible for the performing
specific tasks as defined. The capture component is responsible for generating
data by transforming simple on-paper information into a readable electronic
format, while arranging obtained data into structured format. Also, manage
component offers safe connection, modification and employing data set by means
similar to data management, linked software, web-content management and records
management.
The
ECM industry is divided into regional market segment such as North America,
Europe, Asia-Pacific, Latin America and Africa. North America has shown major
growth in recent years owing to the rise in adoption of latest technologies and
presence of prominent market players. Asia-Pacific region is predicted to hold
major market share in the enterprise content management (ECM) industry with
massive growth in forecast period.
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Countries
such as India, China and Japan are leading the Asia-Pacific market with number of
government initiatives for data privacy and security. Additionally, Latin
America has shown substantial growth opportunities due to soaring
implementation of enterprise content management by small and medium-sized
enterprises (SMEs).The prominent players in the enterprise content management
(ECM) market are IBM Inc., HP Enterprise, M-Files Co., Microsoft Co., New gen
Software Solutions, Open Text Co., Oracle Co., and Xerox Co.
Market Segment:
Enterprise Content Management
Component Outlook (Revenue, USD Million, 2014 - 2025)
• Solutions
• Services
Enterprise Content Management
Deployment Outlook (Revenue, USD Million, 2014 - 2025)
• On-Premise
• Cloud
Enterprise Content Management
Organization Type Outlook (Revenue, USD Million, 2014 - 2025)
• SMEs
• Large Enterprises
Enterprise Content Management
Vertical Outlook (Revenue, USD Million, 2014 - 2025)
• BFSI
• Communication Media & Services
• Retail
• Manufacturing & Natural Resources
• Transportation & Logistics
• Government & Utilities
• Others (Food & Beverages, Oil & Gas, Real Estate)
Enterprise Content Management
Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• Japan
• Middle East and Africa (MEA)
• Latin America
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