The enterprise content management (ECM) market is estimated to reach USD 127.07 billion by 2026, registering a CAGR of 18.1% during the forecast period, 2022–2026. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The research report covers ECM market share, market drivers, opportunities, and industry-specific systems in great detail.
The enterprise content management (ECM) market is expected to witness favorable growth during the forecast period. Factors such as the surge in digital content across enterprises and the rising need for improved, efficient, and centralized content management systemsare expected to drive the market during the study period. The integration issues in content management of different enterprises have created achallenge for the enterprise content management (ECM)market. However,the inclination towards end-to-end, cross-platform solutionsis likely to present opportunities for the growth of the global market.
Enterprise Content Management (ECM) Market Competitive Analysis
- Xerox Corporation (Connecticut, U.S.)
- OpenText Corporation (Ontario, Canada)
- Epicor Software Corp.(Texas, U.S.)
- Adobe Inc. (California, U.S.)
- Laserfiche (California, U.S.)
- Datamatics Global Services Limited (Mumbai, India)
- M-files Corporation (Texas, U.S.)
- Kyocera Corporation (Kyoto, Japan)
- Docuware Corporation (Germering, Germany)
- Ascend Software (California, U.S.)
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Segmental Analysis
The global enterprise content management (ECM) market has been classified based on solution, service, deployment, organization size, vertical, and region.
By Solution
- Web Content Management
- Mobile Content Management
- Documentation Management
- Records Management
- Content Workflow Management
- Others
By Service
- Integration
- Support Maintenance
- Training
By Deployment
- On-Premises
- Cloud
By Organization Size
- SMEs
- Large Enterprises
By Vertical
- BFSI
- Healthcare
- Retail
- IT Telecommunication
- Energy Utilities
- Transportation Logistics
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Based on the vertical, the global enterprise content management (ECM) market is segmented into BFSI, healthcare, retail, IT telecommunication, energy utilities, transportation logistics, and others.The BFSI segment accounted for the largest market share in 2019, with a market value of USD 8.1 billion; it is expected to register a CAGR of 17.7% during the forecast period. The IT telecommunication segment was the second-largest market in 2019, valued at USD 7.2 billion; it is projected to register a CAGR of 17.5%. In the BFSI sector, ECM solutions eliminate barriers to effective performance, such as automating task allocation report compilation and removing paper from the process, thereby increasing efficiency and productivity. It helps larger banks and brands work with local firms in the markets and enable small brands to address competition from competitors. It facilitates higher speed forms processing using optical character recognition/ intelligent character recognition (OCR/ICR), resulting in faster response times.
Regional Analysis
The regional analysis for the global Enterprise content management (ECM)has been done for North America, Europe, Asia-Pacific, the Middle East Africa, and South America. In 2019, North America accounted for 43.92% of the share in the enterprise content management (ECM) market,with the US dominating the regional market in terms of share, followed by Canada.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 24
1.1 MARKET ATTRACTIVENESS ANALYSIS 26
2 MARKET INTRODUCTION 27
2.1 DEFINITION 27
2.2 SCOPE OF THE STUDY 27
2.3 RESEARCH OBJECTIVE 27
2.4 MARKET STRUCTURE 28
3 RESEARCH METHODOLOGY 29
4 MARKET INSIGHTS 36
5 MARKET DYNAMICS 38
Continued...
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