In the age of digitalization, processing and managing unstructured data is one of the major challenges for an organization. Organizations aim to automate majority of their processes by focusing on their core competencies. An enterprise management system support organizations to eliminate the pressure of maintaining and assembling raw data. Document, web content and digital assets, ECM takes care of the complete lifecycle of the content, i.e., from its initiation to the publication. ECM has a deep history and started with a technology that was used to capture, manage, store, preserve, and deliver content and documents related to organizational processes. But, evolution of digitization in workforce the outer sketch of ECM has transformed. ECM’s now look over the security and processing of an organization along with documentation and alignment., The term ECM is being replaced by a more precise term AIIM (Intelligent Information management) which covers more operational wings as compared to the traditional ECMs. Maintaining a successful enterprise content management system is an attractive option for companies as it promises to provide substantial return on investment. IT & Telecom companies are expanding their territory through the use of ECM platform as it gives them a central control of their regional branches. By 2020, it is estimated that the IT sector across the globe will reach USD 8061.23 Bn due to advent of digitalization with an aim to effectively process data documentation, collection, management, and publishing. Thus, such factors are projected to boost the growth of enterprise content management (ECM) system market across the globe.
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Global enterprise content management (ECM) system market is also driven by its increasing adoption across online retail industry. Advent of digitization in developing countries and developed nations has led retailers to expand their customer base. However, increase in digital infrastructure of companies is directing towards the acceleration in data generation, which is leading to congestion in the processing of documents. The market participants are proactively working towards providing customer-oriented solutions to effectively cater to their changing requirements. For instance, IBM have developed an integrated platform for digital content management, to optimize document creation and publication process. With growing digitalization, ECMs will turn out to be the new oil for the data-bound industries which will lead to the growth of the enterprise content management system market. Thus, such factors are projected to contribute towards the growth of enterprise content management (ECM) system market during the forecast period.
The detailed research study provides qualitative and quantitative analysis of enterprise content management (ECM) system market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- In terms of revenue, global enterprise content management (ECM) system market is expected to reach US$ 179.5 Bn by 2029, owing to the increasing need of managing unorganized data across various industries.
- On the basis of application, large scale enterprise will have leading market share in the enterprise content management market during the forecast period owing to the expanding infrastructure of these organization.
- Web based ECM’s are anticipated to show maximum growth during the forecast period, owing to its flexibility and less maintenance cost.
- In terms of regions, North America will hold the maximum market share of 41.31% during the forecast period, owing to the presence of major players namely Microsoft, Oracle and IBM Corporation amongst others.
- The primary Enterprise Content Management (ECM) System Market participants in the global enterprise content management system market are include M-Files Inc., OnBase, Huddle, Alfresco, LaserFiche, Lexmark, FileNet Content Manage, DocuShare, Nuxeo, Seismic and among others.
Global Enterprise Content Management (ECM) System Market:
By Type
- Traditional Type
- Online Type
By Application
- Large Enterprise
- Medium-sized Enterprises
- Small Enterprises
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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