San Francisco, Oct 17 The
global enterprise
content management market size is expected to reach USD 93.76
billion by 2025, according to a study conducted by Grand View Research, Inc.,
registering a CAGR of 15.6% during the forecast period. Soaring need for
securing confidential data is triggering the adoption of enterprise content
management software. Components of the software include solutions and services
such as document management, web content management, records management,
document collaboration, and digital rights management. These solutions enable
enterprises to reduce their data storage costs and enhance productivity by
allowing them to collaborate with employees.
In
North America, availability of advanced IT infrastructure and presence of
prominent IT giants such as IBM and Microsoft Corporation is poised to drive the
adoption of enterprise content management software. Latin American and MEA are
projected to witness considerable growth over the coming years owing to growing
preference of enterprises for cloud and rising need for IT services by the
government sector.
However,
vendor dependence and high cost of maintenance are likely to hamper the growth
of the market. To overcome this, ECM providers may offer flexibility to
enterprises and low-cost maintenance services for gaining credence among
organizations.
Browse
full research report on Enterprise
Content Management (ECM) Market: www.grandviewresearch.com/industry-analysis/enterprise-content-management-ecm-market
Further key findings from the study suggest:
- The services
segment is expected to post the highest CAGR of over 17.0% during the
forecast period due to growing emphasis on periodic maintenance and
employee training to enhance operational efficiencies
- Cloud-based
ECM provides benefits such as high service level, which will drive the
growth of the segment over the forecast period. The segment is anticipated
to command more than 60% of the overall market revenue by 2025.
- The SME
segment is expected to expand at a CAGR of 21.1% over the forecast period
owing to reduced data storage costs and security offered by enterprise
content management
- Transportation
& logistics is expected to rise at a CAGR of over 16% over the same
period
- Latin America
is expected to emerge the fastest-growing region over the forecast period
as enterprises in this region are shifting towards cloud deployment
- Prominent
industry participants operating in the market include IBM, Hewlett Packard
Enterprise (HPE) Company, M-Files Corporation, and Microsoft Corporation.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the global enterprise content management market
based on component, deployment, organization type, vertical, and region:
Enterprise
Content Management Component Outlook (Revenue, USD Million, 2014 - 2025)
- Solutions
- Services
Enterprise
Content Management Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- On-Premise
- Cloud
Enterprise
Content Management Organization Type Outlook (Revenue, USD Million, 2014 -
2025)
- SMEs
- Large
Enterprises
Enterprise
Content Management Vertical Outlook (Revenue, USD Million, 2014 - 2025)
- BFSI
- Communication
Media & Services
- Retail
- Manufacturing
& Natural Resources
- Transportation
& Logistics
- Government
& Utilities
- Others (Food
& Beverages, Oil & Gas, Real Estate)
Enterprise
Content Management Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- Japan
- Middle East
and Africa (MEA)
- Latin America
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-enterprise-content-management-ecm-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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