CAGR of 28.6% | Cloud Enterprise Content Management market is valued at 9770 million USD in 2017 and is expected to reach 44200 million USD by 2023

Cloud Enterprise Content Management Market

Cloud Enterprise Content Management market is valued at 9770 million USD in 2017 and is expected to reach 44200 million USD by the end of 2023, growing at a CAGR of 28.6% between 2017 and 2023.

Cloud enterprise content management (ECM) refers to the formal method of combining documents and other contents, which are related to the workflow or business procedures of any organization on the cloud. Since, enterprises, nowadays, are generating significantly large amount of data associated with business operations, the needs for proper management and regulation of these data has increased substantially. Cloud enterprise content management includes services such as digital asset management.

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The increasing uptake of cloud computing has added a substantial pace to the growth of the global cloud enterprise content management market. With the rising trend of enterprise mobility, enterprises are in dire need of managing the data for their offices spread across various regions. The remarkable increase in the critical business information and content, where security is a significant measure, is also fueling the demand for cloud enterprise content management solutions, which makes it easier to monitor data track the whereabouts of who is accessing it. In addition to this, the decrease in operational expenditure and the other benefits offered by cloud enterprise content management solutions are projected to drive the market over the next few years substantially.

This report studies the Cloud Enterprise Content Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Cloud Enterprise Content Management market by product type and applications/end industries.

On the basis of solutions, the document management segment is expected to hold the largest market share. There has been a tremendous increase in the volume of documents generated in an enterprise on a daily basis; thus, this increases the need to manage and store the generated data. The solution ensures streamlining of business information. The right information available at the right time from the right source can significantly improve the productivity of a system.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Cloud Enterprise Content Management.

Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

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Market Segment by Companies, this report covers

Opentext

Newgen Software

Xerox

Hyland

M-Files

IBM

Oracle

Everteam

Box

Alfresco

Microsoft

Docuware

Market Segment by Regions, regional analysis covers

North America United States, Canada and Mexico

Europe Germany, France, UK, Russia and Italy

Asia-Pacific China, Japan, Korea, India and Southeast Asia

South America Brazil, Argentina, Colombia

Middle East and Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa

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Market Segment by Type, covers

Professional Services

Managed Services

Market Segment by Applications, can be divided into

Small and Medium-Sized Enterprises

Large Enterprises

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