Global Enterprise Content Management Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Enterprise Content Management (ECM) is a system of procedures, techniques, and technologies to manage the lifespan of an organization’s information assets, such as documents, photos, audio files, and other digital content. ECM aims to speed up the production, collection, management, and distribution of material throughout an organization while maintaining its security and regulatory compliance. The rising shift towards digitalization, increasing trend of remote work, growth of big data, increasing focus on better backup and disaster recovery, and growing need for securing confidential data and protection against data loss are the most prominent factors that are propelling the market demand across the globe.
In addition, the development of the e-commerce industry is acting as a catalyzing factor for augmenting the demand for enterprise content management systems in order to manage, store, produce, and distribute digital content via online channels. According to Statista, in 2015 global retail e-commerce sales were USD 1,548 billion and the number is anticipated to reach USD 8,148 billion by 2026. As a result, the rising e-commerce sector is anticipated to create a lucrative demand for the market. Moreover, the increasing trend of AI-integrated ECM, as well as the rising inclination toward the adoption of Robotic Process Automation (RPA) presents various lucrative opportunities over the forecasting years. However, the complexities associated with the integration and implementation of ECM with current applications and data security and privacy risks are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Enterprise Content Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rapid shift to the cloud, increasing technological investment, and the strong presence of ECM providers in the region like IBM Corporation, Microsoft Corporation, and Oracle Corporation. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The increasing deployment of data management solutions for end-use sectors, the rising emergence of online models such as digital platforms and digital ecosystems, as well as growing adoption of smartphones and online services are significantly propelling the market demand across the region.
Major market players included in this report are:
Microsoft Corporation
OpenText Corporation
Hyland Software Inc.
IBM Corporation
Xerox Corporation
Oracle Corporation
M-Files Corp.
Epicor Software Corp.
Alfresco Software Inc.
DocuWare GmbH
Recent Developments in the Market:
In June 2022, Epicor- the leading provider of sector-specific enterprise software to support corporate growth, has announced an acquisition of Data Interchange, a UK-based supplier of managed services and cloud solutions for Electronic Data Interchange (EDI). The incorporation of Data Interchange to Epicor’s portfolio expands its market reach in Europe. It expands the company’s line-up of B2B integration technology, giving customers access to a network of companies and trading partners, boosting productivity, and adding value to the supply chain.
In March 2022, Epicor decalred that the company had acquired Grow Inc.- a no-code, full-stack business intelligence (BI) platform that enables any user - from the boardroom to the shop floor, warehouse, or retail space - to make data-driven decisions using straightforward dashboards and interactive visualizations.
In April 2021, OpenText unveiled the launch of OpenText Core Content and OpenText Core Case Management- a novel content services platform. This solution offers an integrated approach to handling an organization’s content lifecycle in terms of its informal and formal business processes by incorporating case management, content management, and integration into lead applications.
Global Enterprise Content Management Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Deployment Mode, Enterprise, End-use Industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Content Management
Document Management
Workflow Management
Record Management
Digital Asset Management
Professional Services
Other Types
By Deployment Mode:
On-Premise
Cloud
By Enterprise:
Small and Medium Enterprise
Large Enterprise
By End-use Industry:
Telecom and IT
BFSI
Retail
Media and Entertainment
Government
Healthcare
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa