The global enterprisecontent management market size is expected to reach USD 93.76
billion by 2025, according to a study conducted by Grand View Research, Inc.,
registering a CAGR of 15.6% during the forecast period. Soaring need for
securing confidential data is triggering the adoption of enterprise content
management software. Components of the software include solutions and services
such as document management, web content management, records management,
document collaboration, and digital rights management. These solutions enable
enterprises to reduce their data storage costs and enhance productivity by
allowing them to collaborate with employees.
In North America, availability of advanced
IT infrastructure and presence of prominent IT giants such as IBM and Microsoft
Corporation is poised to drive the adoption of enterprise content management
software. Latin American and MEA are projected to witness considerable growth
over the coming years owing to growing preference of enterprises for cloud and
rising need for IT services by the government sector.
However, vendor dependence and high cost of
maintenance are likely to hamper the growth of the market. To overcome this,
ECM providers may offer flexibility to enterprises and low-cost maintenance
services for gaining credence among organizations.
Full research report on enterprise content
management market analysis: https://www.grandviewresearch.com/industry-analysis/enterprise-content-management-ecm-market
Further key findings from the study suggest:
·
The services segment is expected to post
the highest CAGR of over 17.0% during the forecast period due to growing
emphasis on periodic maintenance and employee training to enhance operational
efficiencies
·
Cloud-based ECM provides benefits such as
high service level, which will drive the growth of the segment over the
forecast period. The segment is anticipated to command more than 60% of the
overall market revenue by 2025.
·
The SME segment is expected to expand at a
CAGR of 21.1% over the forecast period owing to reduced data storage costs and
security offered by enterprise content management
·
Transportation & logistics is expected
to rise at a CAGR of over 16% over the same period
·
Latin America is expected to emerge the
fastest-growing region over the forecast period as enterprises in this region
are shifting towards cloud deployment
·
Prominent industry participants operating
in the market include IBM, Hewlett Packard Enterprise (HPE) Company, M-Files
Corporation, and Microsoft Corporation.
View
more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global enterprise content
management market based on component, deployment, organization type, vertical,
and region:
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
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
Japan
·
Middle East and Africa (MEA)
·
Latin America
Access press release by Grand View
Research:
https://www.grandviewresearch.com/press-release/global-enterprise-content-management-ecm-market
https://www.grandviewresearch.com/press-release/global-enterprise-content-management-ecm-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
