The Enterprise Content Management (ECM) market size is estimated to grow from $ 28.10 billion in 2016 to $ 66.27 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7% due to exponential data growth, increasing need to manage data in enterprises, high need for securing confidential data and protection against data loss, and increased traction for risk mitigation in content management.
The report ” Enterprise Content Management Market by Solution (Enterprise Document Management, Enterprise Web Content Management, Records Management, Ediscovery, And Others), Deployment Type, User Type, Vertical and Region – Global Forecasts and Analysis to 2021 “, analyses and studies the major market drivers, restraints, opportunities, and challenges in the emerging nations.
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Enterprise Content Management Market Key Drivers
Exponential data growth and increasing need to manage it across the enterprises
Need for regulatory content management to enhance operations
High need for securing confidential data and protection against data loss
Increased traction for risk mitigation in content management
Enterprise Content Management Market Restraints
Difficulties in the smooth handling of enterprise data in case of mergers and acquisitions
Existence of functional content data silos
Enterprise Content Management Market Opportunities
Growing adoption by small and medium enterprises and cloud-based content management would generate new business opportunities
Deployment of content maturity model
End-to-end cross-platform solutions
Enterprise Content Management Market Challenges
Data migration from legacy systems to new systems
Security issues associated with cloud and mobile technologies
Aligning enterprise content management strategy with the organizational strategic initiatives
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The list of ECM vendors profiled in the report is as follows:
1. Alfresco Software, Inc. (U.K.)
2. EMC Corporation (U.S.)
3. Hyland Software, Inc. (U.S.)
4. IBM Corporation (U.S.)
5. Lexmark International, Inc. (U.S.)
6. Microsoft Corporation (U.S.)
7. Newgen Software Technologies Ltd. (India)
8. OpenText Corporation (U.S.)
9. Oracle Corporation (U.S.)
10. Xerox Corporation (U.S.)
11. Everteam (France)
12. Fabasoft AG (Austria)
13. Laserfiche (U.S.)
14. M-Files Corporation (U.S.)
15. MaxxVault LLC (U.S.)
16. Nuxeo (U.S.)
17. SER Group (Germany)
Exponential data growth and increasing need to manage it in the enterprises is expected to drive the overall market
“Asia-Pacific (APAC) is projected to witness highest growth during the forecast period”
North America is expected to hold the largest market share of the ECM market in 2016 attributing to the large-scale investments in the implementation of ECM solutions due to growth in e-commerce applications and need for better control and visibility mechanisms. APAC is expected to have the highest growth rate during the forecast period due to the increasing technological adoption and wider demand among enterprises for ECM solutions to manage consistent data and induce control and visibility mechanisms in the region. E-Discovery solution to dominate during the forecast period.
In 2016, the e-discovery solution is expected to dominate the solution segment in the ECM market as it is the most sought after solution which helps the users to preserve electronic information which can be used as digital evidence in litigation issues, and which will also be vital in enhancing the security of the electronic documents and thereby ensuring efficiency of the organizational e-governance performance.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel.
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The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the ECM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.
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