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Enterprise Content Management System Market by Deployment (On-premise and Cloud), User Type (Large Enterprises and Small & Medium Enterprises), End-Use Industry (Aerospace & Defense, BFSI, Public Sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others), and Solution (Document Management, Imaging & Capturing, Case Management, Records Management, Web Content Management, Digital Asset Management, Mobile Content Management, and Others) - Global Opportunity Analysis and Industry Forecast, 2016-2023

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IC_173382
Pages: 200
Aug 2017 | 3538 Views
 
Author's : Pankaj Lanjudkar
Tables: 110
Charts: 49
 

Enterprise Content Management System Market Overview:

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

Increase in in IT expenditure in the emerging nations and technological advancements for workflow optimization fuel the demand for advanced analytical solutions, thereby driving the enterprise content management system market growth. In addition, rise in penetration of cloud-based enterprise content management system, rise in need for digital content with the proliferation of online marketing & online customer relationship boost the market growth. However, dearth of trained professionals is expected to restrain the enterprise content management system market growth during the forecast period.

Segment Overview

The global enterprise content management system market is segmented based on deployment, user type, end-use industry, solution, and geography. On the basis of deployment, the market is bifurcated into cloud and on-premise. By user type, it is categorized into SMEs and large enterprises. According to end-use industry, it is classified into aerospace & defense, BFSI, public sector, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. In terms of solution, it is divided into document management, imaging & capturing, case management, records management, web content management, digital asset management, mobile content management, and others. Geographically, the enterprise content management system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Market Segmentation

ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET KEY MARKET SEGMENTATION

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Top Impacting Factors

The global enterprise content management system market is influenced by several factors that include growth in need for digital content with the proliferation of online marketing & online customer relationship, development of the e-commerce market, increase in adoption of cloud-based enterprise content management system, high initial costs of implementation, and lack of awareness to implement the right solution for specific needs among SMEs. All these factors collectively provide opportunities for enterprise content management system market growth. However, each factor is expected to have its definite impact on the ECM market share.

Top Impacting Factors

ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET TOP IMPACTING FACTORS

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Increase in Demand for Cloud-based Solutions

Cloud computing is widely implemented due to its ease of adaptability and flexibility associated with infrastructure integration. Several organizations are adopting cloud-based solutions to streamline the storage of data, as cloud provides remote server access on the internet, which in turn enables access to infinite computing power. In addition, the adoption of cloud enables organizations to combine supplementary infrastructure technologies such as software-defined perimeters to create robust and highly secure platforms. Moreover, increase in adoption rate of cloud-based solutions for SMEs among developing nations is expected to create lucrative opportunities for the enterprise content management system market.

Growth Associated With End-use Industries

End-use industries such as BFSI, IT & telecom, public sector, and retail are constantly developing, owing to rise in need to manage digital content and utilization of it for business process workflow. Increased potential for content management solutions among these industries has fueled the growth of the enterprise content management system market.

Dearth of Skilled Workforce

Presently, dearth of skilled workforce has significantly impacted the market growth, which limits end users to invest into advanced solutions and services. However, by 2023, the impact is projected to decrease due to availability of trained professionals.

Impact of Developing Economies

The developing countries possess high growth potential for the enterprise content management system market, owing to a low adoption base and developing infrastructure. Furthermore, the need for cost-effective information management solutions among end-use industries is expected to fuel the demand for ECM systems.

Key Benefits:

  • The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global enterprise content management system market.
  • Porters Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets.
  • Current and future trends adopted by key market players are highlighted to determine overall competitiveness.
  • The quantitative analysis of the market from 2016 to 2023 is provided to elaborate the market potential.

Enterprise Content Management System Market Key Segments:

By Deployment

  • Cloud
  • On-premise

By User Type

  • Large Enterprises
  • Small & Medium Enterprises

By End-use Industry

  • Aerospace & Defense
  • BFSI
  • Public sector
  • Retail
  • Healthcare
  • IT & Telecom
  • Energy & Utilities
  • Manufacturing
  • Others

By Solution

  • Document Management
  • Imaging & Capturing
  • Case Management
  • Records Management
  • Web Content Management
  • Digital Asset Management
  • Mobile Content Management
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Arica

Key Players Profiled in the Report

  • Microsoft Corporation
  • Oracle Corporation
  • Hyland Software, Inc.
  • Xerox Corporation
  • OpenText Corporation
  • Alfresco Software, Inc.
  • Lexmark International, Inc.
  • M-Files Inc.
  • Adobe Systems Incorporated
  • Fabasoft
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET SEGMENTATION
1.5. RESEARCH METHODOLOGY

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. low bargaining power of suppliers
3.3.2. low bargaining power of buyers
3.3.3. Moderate-to-high threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate-to-high competitive rivalry

3.4. KEY PLAYER POSITIONING, 2016 (%)
3.5. MARKET DYNAMICS

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

Chapter: 4 GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY DEPLOYMENT

4.1. OVERVIEW
4.2. ON-PREMISE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. CLOUD

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

Chapter: 5 GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY USER TYPE

5.1. OVERVIEW
5.2. LARGE ENTERPRISES

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. SMALL AND MEDIUM ENTERPRISES

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

Chapter: 6 GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY END-USE INDUSTRY

6.1. OVERVIEW
6.2. AEROSPACE & DEFENCE

1.2.1. Key market trends
1.2.1 Key Growth Factors and Opportunities
1.2.2. Market size and forecast

6.3. BANKING, FINANCIAL CLOUD, & INSURANCE (BFSI)

1.2.3. Key market trends
1.3.1 Key Growth Factors and Opportunities
1.2.4. Market size and forecast

6.4. PUBLIC SECTOR

1.2.5. Key market trends
1.4.1 Key Growth Factors and Opportunities
1.2.6. Market size and forecast

6.5. RETAIL

1.2.7. Key market trends
1.5.1 Key Growth Factors and Opportunities
1.2.8. Market size and forecast

6.6. HEALTHCARE

1.2.9. Key market trends
1.6.1 Key Growth Factors and Opportunities
1.2.10. Market size and forecast

6.7. IT & TELECOM

1.2.11. Key market trends
1.3.2 Key Growth Factors and Opportunities
1.2.12. Market size and forecast

6.8. ENERGY & UTILITIES

1.2.13. Key market trends
1.3.3 Key Growth factors and Opportunities
1.2.14. Market size and forecast

6.9. MANUFACTURING

1.2.15. Key market trends
1.3.4 Key Growth factors and Opportunities
1.2.16. Market size and forecast

6.10. OTHERS

1.2.17. Key market trends
1.3.5 Key Growth factors and Opportunities
1.2.18. Market size and forecast

Chapter: 7 GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY SOLUTION

7.1. OVERVIEW
7.2. CASE MANAGEMENT

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast

7.3. RECORDS MANAGEMENT

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast

7.4. DOCUMENT MANAGEMENT

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast

7.5. MOBILE CONTENT MANAGEMENT

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast

7.6. IMAGING AND CAPTURING

7.6.1. Key market trends
7.6.2. Key growth factors and opportunities
7.6.3. Market size and forecast

7.7. WEB CONTENT MANAGEMENT

7.7.1. Key market trends
7.7.2. Key growth factors and opportunities
7.7.3. Market size and forecast

7.8. DIGITAL ASSET MANAGEMENT

7.8.1. Key market trends
7.8.2. Key growth factors and opportunities
7.8.3. Market size and forecast

7.9. OTHERS

7.9.1. Key market trends
7.9.2. Key growth factors and opportunities
7.9.3. Market size and forecast

Chapter: 8 ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION

8.1. OVERVIEW
8.2. NORTH AMERICA

8.2.1. Key market trends
8.2.2. Key growth factors and opportunities
8.2.3. Market size and forecast

8.2.3.1. Market size and forecast by country
8.2.3.2. U.S.
8.2.3.3. Market size and forecast
8.2.3.4. Canada
8.2.3.5. Market size and forecast
8.2.3.6. Mexico
8.2.3.7. Market size and forecast

8.3. EUROPE

8.3.1. Key market trends
8.3.2. Key growth factors and opportunities
8.3.3. Market size and forecast

8.3.3.1. Market size and forecast by country
8.3.3.2. UK
8.3.3.3. Market size and forecast
8.3.3.4. Germany
8.3.3.5. Market size and forecast
8.3.3.6. France
8.3.3.7. Market size and forecast
8.3.3.8. Rest of Europe
8.3.3.9. Market size and forecast

8.4. ASIA-PACIFIC

8.4.1. Key market trends
8.4.2. Key growth factors and opportunities
8.4.3. Market size and forecast

8.4.3.1. Market size and forecast by country
8.4.3.2. China
8.4.3.3. Market size and forecast
8.4.3.4. India
8.4.3.5. Market size and forecast
8.4.3.6. Japan
8.4.3.7. Market size and forecast
8.4.3.8. Rest of Asia-Pacific
8.4.3.9. Market size and forecast

8.5. LAMEA

8.5.1. Key market trends
8.5.2. Key growth factors and opportunities
8.5.3. Market size and forecast

8.5.3.1. Market size and forecast by region
8.5.3.2. Latin America
8.5.3.3. Market size and forecast
8.5.3.4. Middle East
8.5.3.5. Market size and forecast
8.5.3.6. Africa
8.5.3.7. Market size and forecast

Chapter: 9 COMPANY PROFILES

9.1. ORACLE CORPORATION.

9.1.1. Company Overview
9.1.2. Financial performance
9.1.3. Key strategies & developments

9.2. HYLAND SOFTWARE, INC.

9.2.1. Company Overview
9.2.2. Financial performance
9.2.3. Key strategies & developments

9.3. XEROX CORPORATION

9.3.1. Company Overview
9.3.2. Financial performance
9.3.3. Key strategies & developments

9.4. OPENTEXT CORPORATION

9.4.1. Company Overview
9.4.2. Financial performance
9.4.3. Key strategies & developments

9.5. ALFRESCO SOFTWARE, INC.

9.5.1. Company Overview
9.5.2. Financial performance
9.5.3. Key strategies & developments

9.6. LEXMARK INTERNATIONAL, INC.

9.6.1. Company Overview
9.6.2. Financial performance
9.6.3. Key strategies & developments

9.7. M-FILES INC.

9.7.1. Company Overview
9.7.2. Financial performance
9.7.3. Key strategies & developments

9.8. MICROSOFT CORPORATION

9.8.1. Company Overview
9.8.2. Financial performance
9.8.3. Key strategies & developments

9.9. ADOBE SYSTEMS INCORPORATED

9.9.1. Company Overview
9.9.2. Financial performance
9.9.3. Key strategies & developments

9.10. FABASOFT

9.10.1. Company Overview
9.10.2. Financial performance
9.10.3. Key strategies & developments

LIST OF TABLES

TABLE 1. GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET REVENUE, BY DEPLOYMENT, 2016-2023 ($MILLION)
TABLE 2. ON-PREMISE MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. CLOUD MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET REVENUE, BY USER TYPE, 2016-2023 ($MILLION)
TABLE 5. LARGE ENTERPRISES MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 6. SMALL AND MEDIUM ENTERPRISES MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET REVENUE, BY END-USE INDUSTRY, 2016-2023 ($MILLION)
TABLE 8. AEROSPACE AND DEFENSE ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 9. BFSI ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 10. PUBLIC SECTOR ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 11. RETAIL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 12. HEALTHCARE ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 13. IT AND TELECOM ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 14. ENERGY AND UTILITIES ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 15. MANUFACTURING ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 16. OTHERS ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 17. GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET REVENUE, BY SOLUTION, 2016-2023 ($MILLION)
TABLE 18. CASE MANAGEMENT MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 19. RECORDS MANAGEMENT MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 20. DOCUMENT MANAGEMENT MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 21. MOBILE CONTENT MANAGEMENT MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 22. IMAGING AND CAPTURING MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 23. WEB CONTENT MANAGEMENTMARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 24. DIGITAL ASSET MANAGEMENT MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 25. OTHERS MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 26. ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 27. NORTH AMERICA: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 28. EUROPE: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 29. ASIA-PACIFIC: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 30. LAMEA: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 31. COMPANY SNAPSHOT: ORACLE CORPORATION.
TABLE 32. COMPANY SNAPSHOT: HYLAND SOFTWARE, INC.
TABLE 33. COMPANY SNAPSHOT: XEROX CORPORATION
TABLE 34. COMPANY SNAPSHOT: OPENTEXT CORPORATION
TABLE 35. COMPANY SNAPSHOT: ALFRESCO SOFTWARE, INC.
TABLE 36. COMPANY SNAPSHOT: LEXMARK INTERNATIONAL, INC.
TABLE 37. COMPANY SNAPSHOT: M-FILES INC.
TABLE 38. COMPANY SNAPSHOT: MICROSOFT CORPORATION
TABLE 39. COMPANY SNAPSHOT: ADOBE SYSTEMS INCORPORATED
TABLE 40. COMPANY SNAPSHOT: FABASOFT

LIST OF FIGURES

FIGURE 1. KEY MARKET SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. TOP INVESTMENT POCKETS IN THE GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. TOP WINNING STRATEGY
FIGURE 6. BARGAINING POWER OF SUPPLIERS
FIGURE 7. BARGAINING POWER OF BUYERS
FIGURE 8. THREAT OF SUBSTITUTES
FIGURE 9. THREAT OF NEW ENTRANTS
FIGURE 10. COMPETITIVE RIVALRY
FIGURE 11. KEY PLAYER POSITIONING OF GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016 (%)
FIGURE 12. MARKET DYNAMICS
FIGURE 13. ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET BY DEPLOYMENT
FIGURE 14. GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET REVENUE, BY DEPLOYMENT, 2016-2023 ($MILLION)
FIGURE 15. ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET BY USER TYPE
FIGURE 16. GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET REVENUE, BY USER TYPE, 2016-2023 ($MILLION)
FIGURE 17. ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY END-USE INDUSTRY
FIGURE 18. GLOBAL ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET REVENUE, BY END-USE INDUSTRY, 2016-2023 ($MILLION)
FIGURE 21. ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, BY REGION
FIGURE 22. NORTH AMERICA: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET
FIGURE 23. U.S. ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 24. CANADA ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 25. MEXICO ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 26. EUROPE: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET
FIGURE 27. U.K. ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 28. GERMANY ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 29. FRANCE ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 30. REST OF EUROPE ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 31. ASIA-PACIFIC: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET
FIGURE 32. CHINA ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 33. INDIA ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 34. JAPAN ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 35. REST OF ASIA-PACIFIC ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 36. LAMEA: ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET
FIGURE 37. LATIN AMERICA ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 38. MIDDLE EAST ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 39. AFRICA ENTERPRISE CONTENT MANAGEMENT SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 40. FINANCIAL PERFORMANCE: ORACLE CORPORATION.
FIGURE 41. FINANCIAL PERFORMANCE: HYLAND SOFTWARE, INC.
FIGURE 42. FINANCIAL PERFORMANCE: XEROX CORPORATION
FIGURE 43. FINANCIAL PERFORMANCE: OPENTEXT CORPORATION
FIGURE 44. FINANCIAL PERFORMANCE: ALFRESCO SOFTWARE, INC.
FIGURE 45. FINANCIAL PERFORMANCE: LEXMARK INTERNATIONAL, INC.
FIGURE 46. FINANCIAL PERFORMANCE: M-FILES INC.
FIGURE 47. FINANCIAL PERFORMANCE: MICROSOFT CORPORATION
FIGURE 48. FINANCIAL PERFORMANCE: ADOBE SYSTEMS INCORPORATED
FIGURE 49. FINANCIAL PERFORMANCE: FABASOFT

 

The global enterprise content management system market is estimated to witness significant growth in Asia-Pacific and LAMEA, owing to high investment in IT, increased need to improve business process performance & operational efficiency, development of cloud-based solutions & IoT market, and rise in demand for analytical solutions. The enterprise content management system market share is projected to grow at a CAGR of 19.2% from 2017 to 2023, owing to increase in demand for application-specific solutions in the developed and the developing regions.

Enterprise content management system is increasingly deployed in North America, followed by Europe, Asia-Pacific, and LAMEA. North America showed the highest market share in 2016 due to increase in adoption of this technology in the BFSI & other industries and rise in number of developmental strategies followed by market leaders for business expansion. The enterprise content management system market is impacted by the need to improve the overall efficiency of the business processes. However, dearth of trained professionals limit the market growth.

The key players in enterprise content management system market are involved in the merger, acquisitions, and introduction of new features & capabilities to enhance their existing product portfolio. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. For example, OpenText Corporation acquired Documentum and the Enterprise Content Division from DELL EMC in January 2017, which is expected to strengthen the market position of OpenText.

 

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