What is the Historic and Current Scenario of the Enterprise Content Management Market?
The enterprise content management market has seen considerable growth due to a variety of factors.
• In recent years, the market size of enterprise content management has expanded quickly. It is forecasted to escalate from $39.35 billion in 2024, reaching $44.56 billion in 2025 with a compound annual growth rate (CAGR) of 13.2%.
Influences contributing to the historical growth include the integration of mobile technology, changes in regulations and compliance requirements, globalization, initiatives towards paperless operations, and an increase in data volume.
How Will The Enterprise Content Management Market Size Evolve In The Foreseeable Future?
The enterprise content management market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for enterprise content management is projected to experience swift expansion. It is anticipated to reach $73.4 billion in 2029, with a compound annual growth rate (CAGR) of 13.3%.
Factors promoting growth in this future period include the dynamics of remote working, an emphasis on security, digitization, a rising need for automation, and the demand for custom user experiences, alongside green computing. The forecast period will see significant trends such as workflow optimization, content analysis and understanding, hybrid ECM implementations, business process integration and content customization.
What Are the Critical Driver Fuelling the Enterprise Content Management Market's Growth?
The rise in content generation, largely due to the proliferation of digitalization, is projected to drive the expansion of the enterprise content management market. The ability to store and process petabytes of innately stored and object-stored data efficiently defines data volume. The use of an enterprise content management (ECM) solution allows organizations to secure content and information throughout their lifecycle. As an illustration, Kommando Tech, an independent review site based in the Czech Republic that specializes in delivering precise information on various tech-oriented products and services, stated in March 2022 that humans generate 2.5 quintillion bytes of data daily. Interestingly, approximately 90% of all data has been created in the past two years. Unstructured data presents a challenge for 95% of businesses. It is expected that the big data sector will have a market value of $77 billion by 2023. Hence, the explosion in content generation due to the ubiquity of digitalization is fueling the enterprise content management market's growth.
What Are The Core Segments Of The Globa Enterprise Content Management Market?
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
Subsegments:
1) By Records Management: Electronic Records Management, Physical Records Management, Automated Records Retention, Compliance And Audit Management
2) By Case Management: Dynamic Case Management, Structured Case Management, Case Collaboration Tools, Analytics For Case Management
3) By Document Management: Document Capture, Document Storage, Document Sharing And Collaboration, Version Control And Workflow Management
4) By Mobile Content Management: Mobile Access And Collaboration, Mobile Device Management, Secure Mobile Content Sharing, Mobile App Development For Content Management
5) By Imaging And Capturing: Document Scanning Solutions, Optical Character Recognition (OCR), Data Extraction And Indexing, Workflow Automation For Imaging
6) By Web Content Management: Content Creation And Publishing, Content Personalization And Targeting, Content Analytics And Performance Monitoring, Multichannel Content Delivery
7) By Other Solutions: Digital Asset Management, Workflow Automation Tools, Knowledge Management Systems, Enterprise Search Solutions
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Which Emerging Trends Are Reshaping The Enterprise Content Management Market Size?
Leading businesses within the market are implementing cloud-based solutions to increase productivity and collaboration. These cloud utilities allow corporations to simplify their document management systems, provide better accessibility to information, and promote immediate teamwork that breaks boundaries and encourages an inclusive work atmosphere. For example, Newgen, a software enterprise based in India, launched its Cloud Content Management Accelerator on the Guidewire Marketplace in January 2024. This Accelerator is designed to simplify content management procedures for organizations using the Guidewire platform. It provides an efficient way to control and retrieve documents and data within a cloud setting. It also has features like automated operations, secure document storage, and advanced collaboration tools, making team collaboration smoother and more effective.
Who Are the Key Players in the Enterprise Content Management Market?
Major companies operating in the enterprise content management market include:
• Microsoft Corporation
• Dell Technologies Inc.
• International Business Management Corporation
• Oracle Corporation
• SAP SE.
• Fujitsu Limited
• Capgemini SE
• Adobe Inc.
• Xerox Corporation
• Open Text 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
• SER Group
• Fabasoft AG
What are the Regional Insights into the Enterprise Content Management Market?
North America was the largest region in the enterprise content management market in 2024. The regions covered in the enterprise content management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
