Enterprise Report Management Market - Global Industrial Applications Witness Fastest Growth up to 2025
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Exponential growth in the Internet platform and proliferation of online businesses is forcing enterprises to digitize the transactional process. Enterprises need to digitize the transactional process is expected to drive the global enterprise report management market in the near future. Widespread use of mobiles i.e. mobile endpoints, rapid software as a service (SaaS) deployment, and growing digital expectations, which includes customer service and satisfaction is anticipated to boost the global ERM market during the forecast period. Furthermore, tremendous growth among online customers has created the need for highly efficient tools for report management. This is one of the significant factors driving the growth of the global enterprise report management market. However, high operating costs are linked with report organizing, printing, distributing, and storing. Cloud based deployment is expected to create growth opportunity for the enterprise report management market globally. Moreover, increasing end-to-end solutions is anticipated to create growth opportunity for the market.
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The enterprise report management market is broadly segmented based on component, deployment, and industry. The component segment includes software and services, where software is further classified as consulting, integration, and operation & maintenance. Based on deployment type, the enterprise report management system is categorised based on premise and cloud based deployment. Segmentation based on industry includes banking, financial services and insurance (BFSI), healthcare, government, and others. Based on geography, the global enterprise report management market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to contribute the significant share of the global market. The market in the region is anticipated to witness steady growth during the forecast period. The ERM market in Asia Pacific is expected to show significant growth in the near future owing to increase in government initiatives to digitize transactions.
Some of the major players operating in the global enterprise report management market with significant development include HP Autonomy, Lexmark International, Inc., SpringCM, Alfresco Software, Inc. IBM Global Business Services, Oracle Corporation, Softwin Technologies Pvt. Ltd., Hyland Software, Inc., Xerox Corporation, OpenText Corporation, EMC, Systemware Inc., and Hewlett-Packard (HP).
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