Enterprise Content Management (ECM) is crucial for effective supervision of the overall content lifecycle, “The Building Blocks” for the growing digital trends
The Global ECM market is expected to witness a CAGR of 15.2% to reach value of $70.28 billion by 2023
Bangalore, India, January 10, 2019: With its recently published study “Enterprise Content Management (ECM) Market – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2023”, Infoholic Research forecasts that the market is being driven by increasing need to manage growing number of digital platforms generating huge volume of data. Moreover, the benefits of better project management with cross-functional workflows being of paramount importance in modern digital workplaces, it further bolsters the adoption of effective and scalable ECM tools/services or add-ons. This trend is expected to continue during the forecast period 2018–2023, fueling the ECM market growth at a CAGR of 15.2% to reach $70.28 billion by 2023.
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North America leads the market in terms of digital content per person and Europe is fast catching up, while Asia Pacific leads by volume of digital content. Moreover, with digital transformation being a buzzword globally, the rate at which digital content is being created and shared across multiple platforms is phenomenal. Correspondingly, APAC leads the overall spend in content management. Latin American region which is among the leading geographies within RoW in terms of per capita digital adoption and with colossal engineering projects being undertaken across several Middle Eastern countries have necessitated the implementation of robust content management platforms for effective project management in the region.
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OpenText, IBM, Microsoft, Hyland Software, Xerox, Adobe, Laserfiche, HPE, DocuWare, Alfresco Software, Acquia, Oracle, Kofax, M-Files, and Newgen Software are few of the leading vendors of ECM services and tools analyzed for this study. Content Creation, Search and Discovery, Compliance and Security, Classify and Archive, Governance and Document Workflow, and Collaboration are the core constituents of the overall ECM suite.
“Enterprise content management (ECM) tools/services enable enterprises to create, edit, capture, archive, share, and deliver content and documents in a secured and policy driven workflow environment. Consequently, it enables organizations to manage an influx of unstructured content in various forms and subsequently formulate a workflow for the resulting structured and documented information across various platforms.” said Shiladitya Chaterji, Senior Research Analyst, Infoholic Research
Key insights of the report include:
- Content Services
- Content Creation
- Search and Discovery
- Compliance and Security
- Classify and Archive
- Governance and Document Workflow
- Content Types
- Content Platform
- Major Industry Verticals
- Media and Entertainment
- Education and Training
- Financial Services
- Engineering and Research
- IT and Telecom
- Industry outlook: Market trends, drivers, restraints, and opportunities