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Jul 20, 2020 8:29 PM ET

Enterprise Content Management (ECM) Industry 2020 | Effective Business Strategies | Covid-19 Analysis with Forecast to 2023


iCrowd Newswire - Jul 20, 2020

Global Enterprise Content Management (ECM) Market: By Solution (Web Content Management, Mobile Content Management, Documentation Management, Records Management, Content Workflow Management and Others), By Service (Integration Service, Support and Maintenance, and Training Service), By Deployment (Cloud and On Premise), By Organization Size (SMEs and Large Enterprises), By Vertical (BFSI, Healthcare, Retail, IT & Telecommunication, Energy & Utilities, Transportation & Logistics and Others), and Region – Forecast Till 2023

Market Snapshot

Market Research Future (MRFR)’s latest study has revealed that the global enterprise content management market is set to expand exponentially at 17% CAGR during the forecast period 2017 to 2023. The market is estimated to reach a valuation of USD 80 Bn by the end of 2023.

Competitive Dashboard

Some of the major players profiled in the report are Newgen Software Technologies Ltd (India), Lexmark International, Inc. (U.S.), Dell EMC Corporation (U.S.), IBM Corporation (U.S.), Alfresco Software (U.K.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Hyland Software Inc. (U.S.), Opentext Corporation (Canada), and Xerox Corporation (U.S.).

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Market Synopsis

The factors responsible for the business content management market ‘s growth include the emergence of advanced technology, growing IT landscape, and a large volume of business data. Developments in cloud and analytics technology, as well as ongoing social collaboration tools integration, have expanded the outlook for what ECM solutions can do. Adoption of enterprise content management technology, provides data protection and flexibility in operation. This, in turn, is likely to speed up the market players’ revenue creation over the next few years. Furthermore, the technologies launched by the main players would undoubtedly benefit the expansion of the market. In addition , the increasing demand for optimizing business processes and increasing efficiency is boosting the adoption of content management for enterprises.

However, the use of cloud computing as the basis for document management systems has both benefits and drawbacks. Although it provides easy access and reduced maintenance efforts, it also poses potential safety risks and does not provide complete control. On the other hand, collecting data from a single view to provide good opportunities and boost competitiveness in the management of enterprise content.

Market Segmentation:

By component, the global enterprise content management market has been bifurcated into solution and service. The solution segment is sub-segmented into enterprise record management, enterprise web content management, digital asset and rich media management, social content management, and others. The service segment has been sub-segmented into technology and integration service, consulting service, and, application support & maintenance service.

By deployment, the global enterprise content management market is bifurcated into cloud and on-premise.

By organization size, the enterprise content management market has been bifurcated into small and medium enterprise, and, large enterprise.

By vertical, the global Enterprise Content Management Market is segmented intoBFSI, IT & telecommunication, retail, energy & power, government and defense, healthcare and life sciences, transportation & logistics, media & entertainment, manufacturing, tourism and hospitality, and others.

Regional Analysis:

In addition , the increasing demand for optimizing business processes and increasing efficiency is boosting the adoption of content management for enterprises.

However, the use of cloud computing as the basis for document management systems has both benefits and drawbacks. Although it provides easy access and reduced maintenance efforts, it also poses potential safety risks and does not provide complete control. On the other hand, collecting data from a single view to provide good opportunities and boost competitiveness in the management of enterprise content.

Europe is an significant growth area for the global content-management enterprise market. Rapid industrialization coupled with advances in technology is expected to increase demand for gasoline. Another driving factor for growth in the regional market is the rising demand from end user industries.

It is estimated that Asia Pacific experiences a sharp increase in business growth. Growth is due to digitisation and the growth of IT infrastructure. Morevoer, Latin America and MEA are projected to witness significant growth in the coming years, owing to the increasing preference of cloud companies and the increasing need for IT services by the government sector.

LIST OF TABLES

TABLE 1 MARKET SYNOPSIS 16

TABLE 2 LIST OF ASSUMPTIONS 19

TABLE 3 GLOBAL ENTERPRISE CONTENT MANAGEMENT (ECM) MARKET, BY SOLUTION, 2018–2023 (USD BILLION) 37

TABLE 4 GLOBAL ENTERPRISE CONTENT MANAGEMENT (ECM) MARKET, BY SERVICE, 2018–2023 (USD BILLION) 41

TABLE 5 GLOBAL ENTERPRISE CONTENT MANAGEMENT (ECM) MARKET, BY DEPLOYMENT, 2018–2023 (USD BILLION) 44

Continued…….

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LIST OF FIGURES

FIGURE 1 GLOBAL ENTERPRISE CONTENT MANAGEMENT (ECM) MARKET: MARKET STRUCTURE 19

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 24

FIGURE 3 DCO ANALYSIS OF GLOBAL ENTERPRISE CONTENT MANAGEMENT (ECM) MARKET 27

FIGURE 4 VALUE CHAIN: ENTERPRISE CONTENT MANAGEMENT (ECM) MARKET 31

FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL ENTERPRISE CONTENT MANAGEMENT (ECM) MARKET 33

Continued…….

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Keywords:    Enterprise Content Management (ECM) Market, Enterprise Content Management (ECM) Market size, Enterprise Content Management (ECM) Market share, Enterprise Content Management (ECM) Market trends, Enterprise Content Management (ECM) Market growth, Enterprise Content Management (ECM) Market forecast

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