Press release
Enterprise Content Management System Market to Reach a Value Of $94.09 Billion by 2023
Enterprise Content Management System Market
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The BFSI segment dominated the global enterprise content management system market, with around 22% share in 2016, followed by BFSI segment. Furthermore, IT & telecom sector segment is estimated to grow at the highest CAGR of 21.7%, owing to widespread adoption of advanced solutions and increased IT spending.
The cloud segment dominated the enterprise content management system market in 2016, with around 73% revenue share. This is attributed to the improved IT infrastructure and increased cloud-related expenditures.
North America was the highest revenue contributor in 2016, accounting for around 42% share. Asia-Pacific is projected to grow at the highest CAGR of 23.1% during the forecast period.
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Key Findings of the Enterprise Content Management System Market:
o The cloud segment dominated the global enterprise content management system market in 2016.
o The large enterprises segment dominated the market in 2016.
o The BFSI and IT & telecom segments are estimated to provide significant growth opportunities to the key market players.
o The North American market is expected to be dominant, in terms of market size. However, Asia-Pacific and LAMEA are estimated to possess the highest CAGR during the forecast period.
The key players
o Microsoft Corporation
o Oracle Corporation
o Hyland Software Inc.
o Xerox Corporation
o OpenText Corporation
o Alfresco Software Inc.
o Lexmark International Inc.
o M-Files Inc.
o Adobe Systems Incorporated
o Fabasoft
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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