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Enterprise Content Management Market : Industry to Witness a Rise by year 2023
Enterprise Content Management Market
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Global Enterprise Content Management Market is further estimated to grow at a CAGR of 15.92% from 2018 to reach USD 72.64 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S. as well the emerging markets like China with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.
Drivers:
• Maintaining data secrecy and preventing data loss by enterprises
• Organizations adopting to the content ecosystem
Restraints:
• Managing data in case of mergers and acquisitions
• Increasing operational costs due to the periodical changes in technology
Opportunities:
• Utilization of the Content Maturity Model
Challenges:
• Lack of technical expertise among small & mid-level enterprises
Segmentation done on the basis of Industry Sector includes Transportation, Telecom and IT, Education, Healthcare, Retail, Manufacturing of which the Retail segment is expected to hold the highest market share during the forecast period. This is because more customers are moving towards cashless payments. The governments of different countries have set strict norms to protect the information related to the customer’s credit card. Thus, more companies are now providing secure and effective ECM’s to handle the challenges that are unique to the retail sector.
The Transportation segment is also expected to grow at the highest CAGR during the year 2018-2023. Transportation companies require an ECM product which would meet all the needs of their departments like HR, Finance, Legal across corporate & branch locations.
Key Benefits for Stakeholders
• ECM solutions & service providers
• IT consulting service providers
• End-use industries
• Internet & Cloud service & solution providers.
By Deployment Type
• Cloud
• On-Premises
By Industry Sector
• Transportation
• Telecom and IT
• Education
• Healthcare
• Retail
• Banking, Financial Services, and Insurance
• Manufacturing
By Division
• Supply Chain Management
• HR
• Marketing
• Finance
• Others
By Region
• North America
• Europe
• Asia-Pacific
• ROW
Key Market Players
• Microsoft Corporation
• IBM Corporation
• Xerox Corporation
• Oracle Corporation
• Everteam
• Alfresco Software, Inc.
• Hyland Software, Inc.
• Laserfiche
• M-Files Corporation
• Newgen Software, Inc.
Read Report Overview with Full TOC @ https://genesismarketinsights.com/viewreport/126/31/Enterprise-Content-Management-Market
About Us:
Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.
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