ALBANY, N.Y., Aug. 20, 2020
- Rapid pace of digitization in BFSI and retail sectors nudge businesses to adopt enterprise content management for streamlining operational processes and improve decision making that rely on content
- Low cost cloud-based offerings to get traction in Asia Pacific market, and the regional market to grow at most attractive rate during 2020 – 2030
ALBANY, N.Y., Aug. 20, 2020 /PRNewswire/ -- Organizations are increasingly adopting enterprise content management market offerings to effectively obtain, collect, organize, and deliver wide spectrum of contents. The key benefits are cost reduction, access to crucial information to knowledge workers, and managing different forms of content from a unified platform.
TMR analysts for the enterprise content management (ECM) market see a huge revenue potential: the market valuation was pegged at US$ 11,927.9 Mn in 2019. Clocking CAGR of 8.5% from 2020 to 2030, the market is estimated to reach worth of US$ 29,419.1 Mn by 2030-end, globally.
Adoption of SaaS-based solution in Asia Pacific is expected to open new revenue streams in the global the enterprise content management market.
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Key Findings of Enterprise Content Management Market Report
Explore 412 pages of top-notch research, incisive insights, and detailed country-level projections on Enterprise Content Management Market [(By Component (Software and Services); By Enterprise Size (Small & Medium Enterprises (SMEs) and Large Enterprises); By Solution (Document Management, Content Management, Case Management, Workflow management, Record Management, Digital Asset Management, Ediscovery and others); By Industry (BFSI, Education, Government & Public, Healthcare, Manufacturing, Media & Entertainment, Retail, Telecom & IT, and Others)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/enterprise-content-management-market.html
Enterprise Content Management Market: Key Driving Factors and Promising Avenues
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Enterprise Content Management Market: Regional Assessment
On the geographical front, Asia Pacific is expected to be the most attractive market. End users have got attracted to the cost-effectiveness of cloud-based solutions. Most end-use industries have less budget so that they are reluctant to put large amount upfront on on-premise solutions. Thus, SaaS-based ECM solutions have imparted large revenues to the regional market.
North America held the dominant share in the global enterprise content management market.
The Middle East and Africa is also a promising market, with several players committing large investments in meeting the demand for end-use industries in the region.
Analyze global enterprise content management market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Enterprise Content Management Market: Competitive Landscape Assessment
Most players in the enterprise content management are focusing on meeting the needs of end users by offering cloud-based solutions. They are also keen on meeting the regulatory compliance requirements, especially of the BFIS sector. Some of the top players are Capgemini S.A., EMC Corporation, IBM, Newgen Software, Inc., and SAP.
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The Enterprise Content Management Market can be segmented as follows:
By Enterprise Size
By End Use Industry
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