Enterprise Content Management Market: Strategic Insights on Market Share, Growth Drivers, and Emerging Trends Shaping the Industry

The new report published by The Business Research Company, titled "Enterprise Content Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the enterprise content management market size has grown strongly in recent years. It will grow from $33.93 billion in 2023 to $36.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The enterprise content management market size is expected to see strong growth in the next few years. It will grow to $53.73 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.

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Enterprise Content Management Market Surges Amidst Soaring Data Volumes
The surge in the volume of content being generated due to the prevalence of digitalization is expected to propel the growth of the enterprise content management market going forward. Data volume is the capacity to store and handle petabytes of natively stored and object-stored data with efficiency. Organizations are able to manage content and information securely throughout their lifecycle with the use of an enterprise content management (ECM) solution. For instance, according to a Kommando Tech, a Czech Republic-based independent review site dedicated to providing accurate information about various tech-related products and services, in March 2022, 2.5 quintillion bytes of data are produced by people every day. The last two years have seen the creation of around 90% of all data. Unstructured data is a problem for 95% of businesses. The big data sector is anticipated to be worth $77 billion by 2023. Therefore, the surge in the volume of content being generated due to the prevalence of digitalization is driving the growth of the enterprise content management market.

Technological Advancement Enhanced Enterprise Content Management Market
Technological innovations are the key trends gaining popularity in the enterprise content management market. Major companies operating in the market are introducing new technologies such as to sustain their position in the market. For instance, in January 2021, Data metrics, an India-based IT and BPM service company providing Intelligent Solutions for businesses, launched a new version of TruCap+, a content management product. TruCap+ is an AI-enabled (Intelligent Document Processing) IDP solution that offers a template-free way to drastically save setup time of 30% to 70% and a load of building and maintaining templates for each document type and version. Enterprises would be able to accomplish better Straight-Through Processing (STP) with accuracy and faster time to value with the help of TruCap+.

The enterprise content management market covered in this report is segmented -

1) By Solution: Records Management, Case Management, Document Management, Mobile Content Management, Imaging and Capturing, Web Content Management, Other Solutions
2) By Deployment Mode: On-Premise, Cloud
3) By Service: Integration, Support and Maintenance, Training
4) By Industry: BFSI, IT and Telecommunication, Energy and Utilities, Government and Public Sector, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Other Industries

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Major companies operating in the enterprise content management market report are Microsoft Corporation, Dell Technologies Inc., International Business Management Corporation, Oracle Corporation, SAP SE., Fujitsu Limited, Capgemini SE, Adobe Inc., Xerox Corporation, Open Text Corporation, Atlassian Corporation, Zoho Corporation, Box Inc., Laserfiche, Hyland Systems Inc., Nuxeo Corporation, Systemware Inc., KnowledgeLake Inc., Newgen Software Technologies Limited, DocStar, M-Files Inc., SpringCM Inc., Alfresco Software Inc., Ademero Inc., Objective Corporation Limited, LSSP Corporation, SER Group, Fabasoft AG

Contents of the report:
1. Executive Summary
2. Enterprise Content Management Market Report Structure
3. Enterprise Content Management Market Trends And Strategies
4. Enterprise Content Management Market - Macro Economic Scenario
5. Enterprise Content Management Market Size And Growth
…..
27. Enterprise Content Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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