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Enterprise Content Management Market: Demand for High Information Security Stemming from Diverse Industries Stokes Growth,
Obtain Report Details @ https://www.transparencymarketresearch.com/enterprise-content-management-market.html
On studying these, readers can get a comprehensive market overview. TMR has identified companies such as Datamatics Global Services Ltd., Alfresco Software, Inc., Hyland Software, Inc., Capgemini S.A., EMC Corporation, IBM Corporation, M-files Inc., Pennywise Solutions Private Ltd., Tata Consultancy Services, and SAP SE as some of the leading players in the global enterprise content management market.
TMR has pegged the overall value of the global enterprise content management market at US$9,117.4 mn in 2016. Exhibiting a CAGR of 9.0% between 2017 and 2025, the market is expected to reach US$19,904.8 mn by the end of 2025. Among industries reporting demand for enterprise content management, BFSI is at the fore. In addition, a significant increase in the demand from the retail segment is also expected through the forecast period. Among the key regional segments, North America emerged dominant, holding nearly 38% of the global enterprise content management market in 2016.
Over the coming years, the global enterprise content management market is likely to report steady growth gaining from investment surge in the ECM architecture. A majority of these investments are coming from emerging nations such as India and Brazil. Given the scenario, experts predict massive growth for the market in terms of scalability, investments, and robustness as an increasing number of end users invest in cloud-based ECM solutions.
In addition, the rising awareness among prospects customers regarding their diverse applications will enable growth in the global enterprise content management market. In the last couple of years, cloud-based ECM solutions have found increasing applications in various sectors including banking and financial services, insurance companies, consumer goods, energy and power, education and academia, securities and capital markets, healthcare, defense, media and transportation, and IT and Telecom. A common thread between these industries is that all they require high information security hence emerging as prime consumers of the technology.
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The market is likely to gain from digitization of various business platform. Apart from this the abundant availability of unstructured data, the demand for prompt sharing of sensitive information, proliferation of bring your own device trend, and the advancements in the database applications have created an environment conducive to deploying enterprise content management. Supporting this is the higher availability cross various organizations and improved mobile access. Following the implementation of ECM, organizations can derive benefits such as improving their monitoring technologies, thus, establishing time stamp and securing access.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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