Overview and Scope
Enterprise content management refers to the system for maintaining a company’s material across its entire lifecycle, including documents, spreadsheets, contracts, and scanned photographs. Enterprise content management systems and services improve a company’s content management by reducing clutter while increasing data and process visibility. Enterprise content management are used to lower risk and increase productivity, efficiency, and customer experience by removing paper-based chores and increasing process visibility.
Sizing and Forecast
The enterprise content management market size has grown strongly in recent years. It will grow from $33.93 billion in 2023 to $36.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to mobile integration, regulatory changes, and compliance demands, globalization, paperless initiatives, growth of data volume.
The enterprise content management market size is expected to see strong growth in the next few years. It will grow to $53.73 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to remote workforce dynamics, security emphasis, digitization, increased demand for automation, demand for personalized user experiences, green computing. Major trends in the forecast period include workflow optimization, content analytics and insight, hybrid ECM deployments, integration with business processes, content personalization.
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Segmentation & Regional Insights
The enterprise content management market covered in this report is segmented –
1) By Solution: Records Management, Case Management, Document Management, Mobile Content Management, Imaging and Capturing, Web Content Management, Other Solutions
2) By Deployment Mode: On-Premise, Cloud
3) By Service: Integration, Support and Maintenance, Training
4) By Industry: BFSI, IT and Telecommunication, Energy and Utilities, Government and Public Sector, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Other Industries
North America was the largest region in the enterprise content management market in 2023. The regions covered in the enterprise content management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The surge in the volume of content being generated due to the prevalence of digitalization is expected to propel the growth of the enterprise content management market going forward. Data volume is the capacity to store and handle petabytes of natively stored and object-stored data with efficiency. Organizations are able to manage content and information securely throughout their lifecycle with the use of an enterprise content management (ECM) solution. For instance, according to a Kommando Tech, a Czech Republic-based independent review site dedicated to providing accurate information about various tech-related products and services, in March 2022, 2.5 quintillion bytes of data are produced by people every day. The last two years have seen the creation of around 90% of all data. Unstructured data is a problem for 95% of businesses. The big data sector is anticipated to be worth $77 billion by 2023. Therefore, the surge in the volume of content being generated due to the prevalence of digitalization is driving the growth of the enterprise content management market.
Key Industry Players
Major companies operating in the enterprise content management market report are Microsoft Corporation, Dell Technologies Inc., International Business Management Corporation, Oracle Corporation, SAP SE., Fujitsu Limited, Capgemini SE, Adobe Inc., Xerox Corporation, Open Text Corporation, Atlassian Corporation, Zoho Corporation, Box Inc., Laserfiche, Hyland Systems Inc., Nuxeo Corporation, Systemware Inc., KnowledgeLake Inc., Newgen Software Technologies Limited, DocStar, M-Files Inc., SpringCM Inc., Alfresco Software Inc., Ademero Inc., Objective Corporation Limited, LSSP Corporation, SER Group, Fabasoft AG
The enterprise content management market report table of contents includes:
1. Executive Summary
2. Enterprise Content Management Market Characteristics
3. Enterprise Content Management Market Trends And Strategies
4. Enterprise Content Management Market – Macro Economic Scenario
5. Global Enterprise Content Management Market Size and Growth
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31. Enterprise Content Management Market Other Major And Innovative Companies
32. Global Enterprise Content Management Market Competitive Benchmarking
33. Global Enterprise Content Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Enterprise Content Management Market
35. Enterprise Content Management Market Future Outlook and Potential Analysis
36.Appendix
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