July 22, 2020
As per the research report titled ‘Global Enterprise Content Management Market Analysis, 2020’, available with Market Study Report LLC, global enterprise content management market is projected to register a CAGR of 15.8% over 2020-2025.
Increasing IT expenditure of enterprises, rising adoption of ECM software in developing nations like India and China due to intensifying competition, shifting focus on digitization in businesses, and continuous technological advancements are fueling the growth of global enterprise content management market. Additionally, growing trend of installing hybrid ECM software in organizations to maintain, manage, and control content across cloud and centralized repositories is further expected to boost the sales of global enterprise content management products.
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Based on component type, global enterprise content management market is bifurcated into solutions and service, among which, the latter segment accounted notable share in the recent past owing to feasible offerings, user-friendly solutions, and large-scale use of ECM software in transportation & logistics, and healthcare & life sciences industries.
On the basis of deployment mode, the market is categorized into cloud, on-premises, and hybrid. Speaking of the organization size, the market is segmented into small, medium, and large. Whereas, operations, account, sales and marketing, and others are the segmentations of global enterprise content management market by business function.
Considering the end-user spectrum, government & transportation, healthcare, and BFSI are expected to witness high adoption of enterprise content management systems in the forthcoming years. Parallelly, investments in this technology by other industries like telecom, retail, and consumer goods are further anticipated to add significant traction to the market growth over the forecast duration.
Geographically, global enterprise content management market is divided into North America, South America, Asia-Pacific, Europe, and Middle East & Africa.
Key players operating in global enterprise content management market are International Business Machines Corporation, Oracle Corporation, Box, Inc., Microsoft Corporation, Adobe Inc., SAP SE, Hyland Software, Inc., Atlassian Corporation Plc, Alfresco Software, Inc., OpenText Corporation, and Newgen Software Technologies Limited.