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Global Enterprise Content Management Market 2021 Segmented by Application and Geography Trends, Growth and Forecasts

Enterprise Content Management

Enterprise Content Management Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Enterprise Content Management market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Document Management is expected to register a Significant Growth

Paper documents have proven to be problematic, as they take up space and consume time when handled. They also have an added disadvantage of being difficult to store and risk increased perishability.

Therefore, there has been an increase in the amount of electronic data and documents managed. There have also been immense improvements in the available technology, which resulted in more secure and efficient systems to store and retrieve documents. All these factors together have contributed toward making document management technology one of the fastest developing management systems in the market.

Document management enables organizations to better manage the creation, approval, revision, and consumption of electronic documents. It also provides key features, such as library services, document profiling, searching, check-in, check-out, revision history, version control, and document security. Moreover, cloud computing has brought its plethora of advantages even to the field of document management systems. It provides an easily-accessible resource and repository for documents and related software, and is also helpful in being cost-effective.

However, there are both benefits and drawbacks to using cloud computing as the base for document management systems. Though it provides ease of access and reduced maintenance efforts, it also brings in potential security risks and does not provide total control.

North America is Expected to Hold Major Share in United States

North America is a pioneer in the adoption of innovative solutions, which provides North America with an edge over the other regions. Additionally, several recognized IT and telecom firms are headquartered in the North America, which adds to the growth of the market.Moreover, the region has a strong foothold of ECM providers, which is driving the market in the region. Some of them include, IBM Corporation, Hyland, Oracle Corporation, and Open Text Corp, and Microsoft Corporation, among others.

The major players, such as Hyland, IBM Corp, OpenText are offering content service platform to the top fortune 100 companies, which are flexible to integrate across their business models.The players in the region are adopting merger and acquisitions as the key strategy to stay ahead in the market. For instance, in January 2017, OpenText acquired Documentum, Dell EMC’s Enterprise Content Division, for USD 1.62 billion. This acquisition is expected to strengthen the company’s ECM solutions portfolio.

The ECM market is expected to witness significant growth over the forecast period, owing to the increase in the need for digital content with the proliferation of online marketing and online customer relationship.For instance, in the United States, mobile marketing is expected to be an engine for the online marketing industry, accounting for more than 70% of all digital ad spend in 2018.

Market Overview:

  • The Enterprise Content Management Market is expected to register a CAGR of over 14.36% during the forecast period 2019 – 2024. Automated workflows for creating the documents, editing and publishing documents improve business processes and collaboration among staff members. Such benefits of providing the capability of a better use of existing content have been the primary reason driving the market demand.
  • The effectiveness of an enterprise content management solution and its platform comes from the fact that it is meant for managing all the phases of content that initiate at the stage of content creation, storage, multiple versions, delivery, archival, and disposal as per regulated laws where the firm operates and corporate policies of the organization.
  • Whether the content for the management is from the commercial supply chains, contract management, HR processes, the government administration, the driving force behind implementing an ECM solution in an enterprise is to do business efficiently and better. By eliminating the dependency on paper documents and organizing unstructured information according to business need, organizations are empowered to work more efficiently.
  • Integration of functional units of businesses during a merger and acquisition (M&A) is a humungous task for two companies if their business approach is different, even when they are operating in same vertical. It becomes even more difficult if the firms operate in different countries with different languages being spoken.
  • The cloud-based services exhibits the potential to provide cost-effective, flexible, easy to manage, and authoritative resources facilities, over the internet. The cloud-based ECM services upsurge the capabilities of the hardware resources by optimal and shared utilization. These features encourage the organizations and individual users to shift their services and applications to the cloud.
  • However, these services offered by third-party cloud service providers entail additional security threats that increase the cost of the services. The migration of the user’s data, applications, etc. outside the administrative control in a shared environment that escalates the security concerns. Security issues also arise due to the very nature of cloud-based services concept.

    Key Manufacturers Like 

  • Capgemini SE
  • Xerox Corporation
  • OpenText Corporation
  • IBM Corporation
  • Oracle Corporation
  • M
  • Files Corp.
  • Hyland Software Inc.
  • Epicor Software Corp
  • Alfresco Software Inc.
  • DocuWare GmbH
  • Datamatics Global Services Limited
  • Hewlett Packard Enterprise Company
  • Microsoft Corporation
  • Newgen Software Technologies Limited.

    Scope of the Report:

  • Enterprise content management (ECM) solutions align an organization strategy to improve their efficiency and cost-effectiveness. It is achieved by taking full advantage of the customer information and company knowledge embedded in its content. ECM solutions capture, store, activate, analyze, and automate business content, providing new value from data that was previously unstructured and unavailable.ECM system aid businesses to organize, manage and integrate their data sets like documents, information, emails, files, records, application data, product catalogs, and web pages, etc. Enterprises can use the integrated system to manage the data seamlessly and manage the lifecycle of content using the system.

    Enterprise Content Management market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Enterprise Content Management market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Enterprise Content Management market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Enterprise Content Management market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Enterprise Content Management market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Enterprise Content Management?
    • Who are Opportunities, Risk and Driving Force of Enterprise Content Management market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Enterprise Content Management space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Enterprise Content Management market opportunities, market risk and market overview of the Market?

    Lastly, the Global Enterprise Content Management Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Enterprise Content Management Market Report:

    • To provide a detailed analysis of the market structure along with the Enterprise Content Management market forecast of various segments and sub-segments of the Enterprise Content Management market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Enterprise Content Management market trends that influence the global Enterprise Content Management market

    Detailed TOC of Enterprise Content Management Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Need for Regulatory Content Management to Enhance Operations
    4.3.2 Growing Need for Securing Confidential Data and Protection against Data Loss
    4.4 Market Restraints
    4.4.1 Difficulties in the Smooth Handling of Enterprise Data during Mergers and Acquisitions
    4.4.2 Security Issues Associated With Cloud and Mobile Technologies
    4.5 Industry Attractiveness Porters Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry
    4.6 Value Chain Analysis

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Content Management
    5.1.2 Case Management
    5.1.3 Workflow Management
    5.1.4 Record Management
    5.1.5 Digital Asset Management
    5.1.6 Other Types
    5.2 By Deployment
    5.2.1 On-Premise
    5.2.2 Cloud
    5.3 By Enterprise
    5.3.1 Small and Medium Enterprise
    5.3.2 Large Enterprise
    5.4 By Service
    5.4.1 Professional
    5.4.2 Managed
    5.5 By End-user Industry Verticals
    5.5.1 Telecom and IT
    5.5.2 BFSI
    5.5.3 Retail
    5.5.4 Education
    5.5.5 Manufacturing
    5.5.6 Media and Entertainment
    5.5.7 Government
    5.5.8 Healthcare
    5.5.9 Other End-user Industry Verticals
    5.6 Geography
    5.6.1 North America
    5.6.2 Europe
    5.6.3 Asia Pacific
    5.6.4 Latin America
    5.6.5 Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Capgemini SE
    6.1.2 Xerox Corporation
    6.1.3 OpenText Corporation
    6.1.4 IBM Corporation
    6.1.5 Oracle Corporation
    6.1.6 M-Files Corp.
    6.1.7 Hyland Software Inc.
    6.1.8 Epicor Software Corp
    6.1.9 Alfresco Software Inc.
    6.1.10 DocuWare GmbH
    6.1.11 Datamatics Global Services Limited
    6.1.12 Hewlett Packard Enterprise Company
    6.1.13 Microsoft Corporation
    6.1.14 Newgen Software Technologies Limited

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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