Summary
The global Enterprise Content Management Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Enterprise Content Management (ECM), also known as information technology asset management, is a software solution specifically designed to manage an organization of information. This information may relate to sales information, product inventory and supplier information, and product development plans. Unstructured data such as Word documents, Excel spreadsheets, PDF files, and hard copies of scanned items are all stored and made available to the appropriate individuals at the appropriate time. The global enterprise content management software market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global enterprise content management software market is expected to witness significant growth during the forecast period, owing to increasing need to secure confidential data and protection against data loss.
Market Drivers
Increasing amount of data and investment in big data analytics by companies to make better business decisions is expected to drive growth of the global enterprise content management software market during the forecast period. Major technology companies are focused on investing in big data analytics, in order to enhance their services and making better business decisions. For instance, in June 2019, Google Inc. acquired big data analytics company, Looker, for US$ 2.6 billion in an all-cash transaction. This acquisition will help in serving Google customers a more comprehensive analytics solution. Hence, such factors are expected to drive growth of the global enterprise content management software market during the forecast period. Furthermore, increasing need to secure confidential data and protection against data loss is expected to propel the global enterprise content software management market growth over the forecast period.
Market Restraint
Lack of skilled personnel and rising inclination towards robotic process automation (RPA) is expected to hamper the global enterprise content management software market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global enterprise content management software market during the forecast period. This is owing to the availability of advanced IT infrastructure and prominent IT companies such as Microsoft and IBM in the region. Furthermore, Latin America is expected to register a robust growth rate, owing to increasing preference enterprises for cloud computing in the region.
Competitive Section
Key players involved in the global enterprise content management software market are IBM, Microsoft, PowerDMS, Oracle, Curata, OpenText Documentum, Alfresco Software, Hippo CMS, Workshare Compare, and Xerox DocuShare.
For instance, in August 2018, Workshare Compare introduced its innovative cloud-to-cloud document comparison tool integrated in NetDocuments.
The Enterprise Content Management Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Enterprise Content Management Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Alfresco Software
- Box
- Curata
- Dashpivot
- DocStar
- Egnyte
- eXo Platform
- Hippo CMS
- IBM
- Oracle
- Laserfiche
- MangoApps
- MaxxVault
- MFiles
- Micro Focus Vibe
- Microsoft
- OnBase by Hyland
- OpenText Documentum
- PowerDMS
- SmartSearch Document Management
- Workshare Compare
- Xerox DocuShare
- XWiki Collaboration Suite
By the Product Type, the market is primarily segmented into:
- Cloud-Based
- On-Premise
- SaaS
By Applications, the market is segmented into:
- SME (Small and Medium Enterprises)
- Large Enterprise
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Enterprise Content Management Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Enterprise Content Management Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Enterprise Content Management Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Enterprise Content Management Software Market
The Enterprise Content Management Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Enterprise Content Management Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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