Report Description
The enterprise content management market size is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for automated workflows for document creation, editing, and publication increase corporate operations, and cooperation among employees.
Enterprise content management grows on the concept of content management by including a timeline for each piece of content and in some cases, enforcing processes for establishment, authorization, and distribution. ECM systems provide a safe storage for controlled goods, whether analogue or digital.
The efficacy of an enterprise content management system and platform stems from the fact that it is designed to handle all aspects of content production, storage, multiple versions, delivery, archive, and disposal all in accordance with regulated laws and corporate rules.
From commercial supply chains to contract management, HR operations to government administration, the goal of installing an ECM system is to improve corporate efficiency and save costs.
Banks and financial institutions have huge volumes of consumer and transactional data on hand, this software may be utilized to assess trends in data and detect irregularities.
The COVID-19 epidemic puts a halt to business as usual and serves as a springboard for firms to become more virtual, digitally focused, and agile.
Market Trends, Drivers, Restraints, and Opportunities
- Factors such as growing innovations, wide usage of artificial intelligence, and machine learning are anticipated to propel the market in coming years.
- Rising digitalization is expected to fuel the market during the forecast period.
- Increasing use of internet and rising number of mobile users are resulting in a growth in the production of digital documents.
- Rapid growth in the requirement for regulatory compliance, and the necessity to secure company data against disaster are major factors boosting the market in the coming years.
- High licensing and support cost are estimated to hamper the market expansion.
- Data breach and data leaks are expected to hamper the market growth.
Scope of the Report
The report on the enterprise content management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Enterprise Content Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Deployments (On-premise and Cloud), Solutions (Enterprise Document Imaging, Enterprise Document Management, Enterprise Records Management, Enterprise Web Content Management, Capture, Enterprise Content Workflow Management, Digital Asset Management, and Others), Services (Professional and Managed), Organization Sizes (Small & Medium Enterprises and Large Enterprises), End-user Industries (Energy & Power, Manufacturing, Medical & Healthcare, Banking & finance, IT &Telecom, Retail, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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OpenText Corporation; IBM Corporation; Oracle Corporation; Capgemini SE; Xerox Corporation
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Enterprise Content Management Market Segment Insights
The cloud segment is projected to hold a large market share
Based on deployments, the enterprise content management market is bifurcated into on-premise and cloud. The cloud segment is expected to account for a key share of the market during the forecast period owing to cost-effective, flexible, and easy to manage.
The enterprise records management segment is expected to grow at a robust pace
On the basis of solutions, the enterprise content management market is divided into enterprise document imaging, enterprise document management, enterprise records management, enterprise web content management, capture, enterprise content workflow management, digital asset management, and others. The enterprise records management segment is expected to represent a key share of the market in the coming years due to companies rising demand for data or content management in various departments such as sales, human resources, operation and others.
The professional segment is anticipated to register rapid CAGR
In terms of services, the enterprise content management market is divided into professional and managed. The professional segment is expected to constitute a key share of the market during the forecast period due to high demand for expert teams for effectively managing resources.
The large enterprises segment is expected to grow at a rapid pace
On the basis of sizes, the enterprise content management market is segmented into small & medium enterprises and large enterprises. The large enterprises segment is expected to grow at a rapid pace during the forecast period due to rising investment in advanced technologies to leverage their market position.
The banking & finance segment is projected to represent major market share
Based on end-user industries the enterprise content management market is divided into energy & power, manufacturing, medical & healthcare, banking & finance, it &telecom, retail, and other end-users. The banking & finance segment is expected to constitute a key share of the market in the coming years owing to modernization and development in finance operation.
North America is anticipated to dominate the market
On the basis of regions, the enterprise content management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to advances in content management technology and also a high internet penetration rate.
Segments
The enterprise content management market has been segmented on the basis of
Deployments
Solutions
- Enterprise Document Imaging
- Enterprise Document Management
- Enterprise Records Management
- Enterprise Web Content Management
- Capture
- Enterprise Content Workflow Management
- Digital Asset Management
- Others
Services
Sizes
- Small & Medium Enterprises
- Large Enterprises
End-user Industries
- Energy & Power
- Manufacturing
- Medical & Healthcare
- Banking & finance
- IT &Telecom
- Retail
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- OpenText Corporation
- IBM Corporation
- Oracle Corporation
- Capgemini SE
- Xerox Corporation
Competitive Landscape
Key players competing in the cloud enterprise management market include OpenText Corporation; IBM Corporation; Oracle Corporation; Capgemini SE; Xerox Corporation.
Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
On in June 2018 Adaptive Lab acquired by Capgemini that assists organizations in adapting to new technologies and the resulting adjustments in consumer behavior.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise Content Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Enterprise Content Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Enterprise Content Management Market - Supply Chain
4.5. Global Enterprise Content Management Market Forecast
4.5.1. Enterprise Content Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Enterprise Content Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Enterprise Content Management Market Absolute $ Opportunity
5. Global Enterprise Content Management Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Enterprise Content Management Market Size and Volume Forecast by End Users
5.3.1. Energy & Power
Manufacturing
Medical & Healthcare
Banking & finance
IT &Telecom
Retail
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Enterprise Content Management Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Enterprise Content Management Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Enterprise Content Management Demand Share Forecast, 2019-2026
7. North America Enterprise Content Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Enterprise Content Management Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Enterprise Content Management Market Size and Volume Forecast by End Users
7.4.1. Energy & Power
Manufacturing
Medical & Healthcare
Banking & finance
IT &Telecom
Retail
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Enterprise Content Management Demand Share Forecast, 2019-2026
8. Latin America Enterprise Content Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Enterprise Content Management Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Enterprise Content Management Market Size and Volume Forecast by End Users
8.4.1. Energy & Power
Manufacturing
Medical & Healthcare
Banking & finance
IT &Telecom
Retail
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Enterprise Content Management Demand Share Forecast, 2019-2026
9. Europe Enterprise Content Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Enterprise Content Management Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Enterprise Content Management Market Size and Volume Forecast by End Users
9.4.1. Energy & Power
Manufacturing
Medical & Healthcare
Banking & finance
IT &Telecom
Retail
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Enterprise Content Management Demand Share Forecast, 2019-2026
10. Asia Pacific Enterprise Content Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Enterprise Content Management Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Enterprise Content Management Market Size and Volume Forecast by End Users
10.4.1. Energy & Power
Manufacturing
Medical & Healthcare
Banking & finance
IT &Telecom
Retail
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Enterprise Content Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Enterprise Content Management Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Enterprise Content Management Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Enterprise Content Management Market Size and Volume Forecast by End Users
11.4.1. Energy & Power
Manufacturing
Medical & Healthcare
Banking & finance
IT &Telecom
Retail
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Enterprise Content Management Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Enterprise Content Management Market: Market Share Analysis
12.2. Enterprise Content Management Distributors and Customers
12.3. Enterprise Content Management Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. OpenText Corporation
IBM Corporation
Oracle Corporation
Capgemini SE
Xerox Corporation