SaaS-Based Services Edging Out On-Premise Solutions in the Global Enterprise Content Management Market
The Global SaaS-based ECM Market is projecting healthy growth, with a CAGR of 31.11 percent from 2013-2018.
While on-premise ECM held a 90.73 percent share in the Global ECM market in 2013, its share is expected to decrease by 2018.
Traditionally, the biggest advantage of on-premise software is that it gives businesses complete control over their critical data, as opposed to SaaS-based models wherein the solution is hosted in the cloud and accessed via the web. The solution is deployed and managed by cloud service providers, and end-users are able to use the service on a pay-per-use model.
The growing need to easily access data and reduce the total cost of ownership will start to drive enterprises towards adopting SaaS-based models over the projected period, say lead TechNavio analysts.
“SaaS-based ECM provides all the benefits of on-premise ECM systems in a trouble-free environment so that customers can focus on their core business activities while achieving a significant reduction in the total cost of ownership,” says Faisal Ghaus, Vice President of TechNavio research.
With the cloud-based model, the risk and resource requirements associated with the responsibility for continuous operation, backups, updates, and infrastructure maintenance are shifted from internal IT departments to vendors or service providers.”
To determine these market scenarios over the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global SaaS-Based ECM Market please send an e-mail to media@TechNavio.com.
TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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