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2022
Enterprise Content Management System Market

Enterprise Content Management System Market

by Solution (Records Management, Case Management, Document Management, Mobile Content Management, Imaging and Capturing, Web Content Management, Digital Asset Management, Others), by Deployment Mode (On-Premise, Cloud), by Enterprise Size (Large Enterprises, Small & Medium Sized Enterprises), by Industry Vertical (BFSI, IT and Telecommunication, Energy and Utilities, Government and Public Sector, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  Report Code: A03042
Pages: 186
Apr 2022 | 14098 Views
Author(s) : Kanhaiya K, Pradeep R , Vineet K
Tables: 184
Charts: 68
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Enterprise Content Management System Market Research, 2030

The global enterprise content management system market was valued at $21.5 billion in 2020, and is projected to reach $53.2 billion by 2030, growing at a CAGR of 9.8% from 2021 to 2030.

With enterprises going online with their businesses, the need for content management has increased during the COVID-19 pandemic. Moreover, enterpries are more inclined towards attractinng consumers through social media sites which is propelling the demand for enterprise content management system market during the COVID-19 pandemic.

Enterprise content management system incorporates a comprehensive range of services, solutions, and techniques, which store, capture, manage, and preserve the data utilized to optimize the business workflow. End-use industries, including aerospace & defense, IT & telecom, energy & utilities, public sector, manufacturing, BFSI, healthcare, and retail use enterprise content management solutions for informed decision-making. Furthermore, there is an increase in demand for enterprise content management system, owing to its features, including securing the stress content and integration of content with business intelligence and business analytics application.

The enterprise content management system market is expected to experience significant growth during the forecast period, owing to increase in need for digital content with the proliferation of online marketing & online customer relationship. Moreover, constant development of the e-commerce industry fuels the demand for enterprise content management systems to store, manage, create, and distribute digital content through online channels. In addition, increase in adoption of cloud-based enterprise content management system is expected to boost the enterprise content management system market growth in the future. However, high initial costs of implementation and lack of awareness to implement the right solution for the specific needs among small and medium-sized enterprises (SMEs) hinder the growth of enterprise content management system industry.

The report focuses on growth prospects, restraints, and trends of the enterprise content management system market analysis. The study provides porter’s five forces analysis to understand the impact of various factors, including bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the enterprise CMS market.

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Segment Review

The enterprise content management system market is segmented on the basis of solution, deployment mode, enterprise size, industry vertical, and region. According to solution, it is fragmented into records management, case management, document management, mobile content management, imaging & capturing, web content management, digital asset management, and others. On the basis of deployment mode, it is bifurcated into on-premise and cloud. By enterprise size, it is categorized into large enterprises and small & medium enterprises. As per industry vertical, it is classified into BFSI, IT & telecom, energy & utilities, government and public sector, healthcare and life sciences, retail and consumer goods, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Enterprise Content Management System Market
By Industry Vertical

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The BFSI segment constituted largest share in the enterprise content management system market in 2020.

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By industry vertical, banking, financial services and insurance (BFSI) segment accounted for the highest revenue in 2020 and it is expected to attain its significant position in the enterprise content management system market during the forecast period. This is attributed to increase in need for compliance management that influence enterprises to invest into advanced enterprise content management solutions and services. Moreover, continuous need to produce documents for legal discovery process boosts the market growth and create new revenue opportunities. However, government and public sector segment is expected to grow at the fastest CAGR during the forecast period attributing to increase in need to link multiple repositories among public sector enterprise. Moreover, improvement in efficiency and reduced risks are some of the other major factors that are anticipated to boost the market growth.

Enterprise Content Management System Market
By Region

2030
Asia-pacific 
Europe
North America
Lamea

North America dominated the global enterprise content management system market in 2020.

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Region wise, North America dominated the global enterprise content management system market in 2020, and is expected to maintain this trend during the forecast period. This is attributed to end-use industries in this region, which focus on availing advanced industry-specific content management solutions and services to sustain the competitive environment. However, Asia-Pacific is expected to grow at the fastest CAGR during the enterprise content management system market forecast period as the leading players focus toward expansion in Asia-Pacific to increase their business as the region is expected to witness significant growth in the deployment of data management solutions for end-use sectors.   

The major players operating in the enterprise content management system market are Adobe, Capgemini, Fabasoft, Hyland Software, Inc., Lexmark International, Inc., Microsoft Corporation, M-Files, Inc., Oracle, Open Text Corporation, and XEROX Corporation.  

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the enterprise content management system market forecast analysis from 2021 to 2030 to identify the prevailing enterprise content management system market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the enterprise content management system market share   assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global enterprise content management system market size.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global enterprise CMS market trends, key players, market segments, application areas, and market growth strategies.

 

Enterprise Content Management System Market Report Highlights

Aspects Details
By Solution
  • Records Management
  • Case Management
  • Document Management
  • Mobile Content Management
  • Imaging and Capturing
  • Web Content Management
  • Digital Asset Management
  • Others
By Deployment Mode
  • On-Premise
  • Cloud
By Enterprise Size
  • Large Enterprises
  • Small & Medium Sized Enterprises
By Industry Vertical
  • BFSI
  • IT and Telecommunication
  • Energy and Utilities
  • Government and Public Sector
  • Healthcare and Life Sciences
  • Retail and Consumer Goods
  • Manufacturing
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (United Kingdom, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Oracle Corporation., Hyland Software, Inc., Xerox Corporation, Opentext Corporation, Alfresco Software, Inc., Lexmark International, Inc., M-Files Inc., Microsoft Corporation, Adobe Systems Incorporated, Fabasoft
 

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The current business scenario exhibits an upsurge in the usage of enterprise content management across various applications, such as healthcare, banking & financial, defense, IT & telecom, and manufacturing. In accordance with insights of the leading CXOs, the utilization of enterprise content management among different end-use industries has increased due to the rise in adoption of cloud-based solutions as well as the need to optimize business operations for enhanced solutions. Moreover, this market gains significant acceptance from commercial users and large enterprises to improve business performance and meeting customers’ expectations by analyzing varied approaches.

Increase in economic strength of the developing nations, including China, India, Indonesia, and Thailand is expected to provide lucrative growth opportunities to the market. North America is expected to dominate the market during the forecast period and developing countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities.

Enterprise content management (ECM) vendors focus on introducing enterprise content management software that is easy to deploy and navigate. The main priority of ECM vendors is to customize ECM solutions as per user and customer requirements. For instance, companies plan to combine mobility and ECM solutions for employees working at remote locations. This can help them to access data from anywhere and at any time while being connected to their co-workers and processes. Artificial intelligence and machine learning are entering into all spaces owing to large amount of unstructured data. These two advanced approaches in enterprise content management software can help business processes to accelerate and reduce human errors. These, along with upcoming trends drives the enterprise content management market growth.

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FREQUENTLY ASKED QUESTIONS?

A. The Enterprise Content Management System Market is estimated to grow at a CAGR of 9.8% from 2021 to 2030.

A. The Enterprise Content Management System Market is projected to reach $53.2 billion by 2030.

A. Increase in need for digital content with the proliferation of online marketing & online customer relationship. Moreover, constant development of the e-commerce industry fuels the demand for enterprise content management systems to store, manage, create, and distribute digital content through online channels.

A. The major players operating in the Enterprise Content Management System Market are Adobe, Capgemini, Fabasoft, Hyland Software, Inc., Lexmark International, Inc., Microsoft Corporation, M-Files, Inc., Oracle, Open Text Corporation, and XEROX Corporation.

A. The key growth strategies of Enterprise Content Management System Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

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