Enterprise Content Management Market

Enterprise Content Management Market was estimated at USD 47,290 Million in 2020 and projected to grow at 25.7% CAGR during the forecast period.

Enterprise Content Management Market Overview

Enterprise content management enables unstructured information such as word documents, PDFs, emails, and scanned images to store and make it accessible to authorized users securely. Enterprise content management is a systematic approach to managing content throughout its lifecycle. It is a systematic collection of information to be used by the designated audience, such as business executives, customers, and others.

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Major Enterprise Content Management Market Drivers

The factors driving the global Enterprise content management market include technological advancement such as the Internet of Things (IoT) and cloud computing to generate an enormous amount of data that requires proper handling. To manage large amounts of unstructured data, enterprises leverage AI-based analytics and solution to reduce risk, enhance content value, and improve data governance. Hence the demand for content management for these solutions will drive the market growth. Moreover, enterprise content management enables smooth collaboration and coordination among the employees. It also helps financial institutions to accomplish short-term revenue objectives through analyzing and improving the customer experience.
In addition, combining cloud computing with the browser-based interface will provide tremendous cost advantage and unlimited virtual processing power. It leads to managing documents that are left unchecked and storing them in the cloud, further boosting the demand for enterprise content management market.

Restraint in the Enterprise Content Management Market

However, enterprise content management requires high technical experts to develop system templates according to system document type. These experts are expensive to hire, and small enterprises failure of recruiting these experts may hamper the global Enterprise content management market.

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Deployment Type – Segment Analysis

Based on the Deployment Type, the cloud segment is expected to grow at the fastest rate in the global enterprise content management market over the forecast period owing to the potential to provide cost-effectiveness, flexibility, ease to management, and authoritative resource facility internet. Cloud services upsurge the hardware’s capability, influencing organizations to shift their services and applications to the cloud. For instance, Open Text Corporation provides cloud content management services with next-generation SaaS content services integrated with Microsoft Azure information protection.

Enterprise Size – Segment Analysis

Based on the Enterprise Size, large enterprises are projected to capture the largest market share during the forecast period in the global enterprise content management market due to the rising volume of data. Large enterprises generate a vast volume of data, so the need for enterprise content management is more. Large enterprises create demand for web content and digital asset management solutions through digital marketing, which will create demand for the requirement of enterprise content management in large enterprises.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to capture a significant market share in the global enterprise content management market in 2020 due to the use of enterprise content management in verticals such as BFSI and government to secure and manage the volume of data. For instance, the US Department of the Treasury prefers enterprise content management as a content/collaboration platform. It is based on Microsoft SharePoint and offers platforms such as SaaS to treasury services like records center tool, clearance tacker, My treasury, and others. Further, the presence of leading players in the region such as IBM Corporation, OpenText Corp., Microsoft Corporation, and others.

Top Market Players

Various notable players operating in the market include IBM Corporation, OpenText Corp., Microsoft Corporation, Capgemini SE, Xerox Corporation, Oracle Corporation, Adobe Inc., Ascend Software, Docuware Corporation, Laserfiche, and among others.

Key Developments:

• • In 2021, Hyland acquired Nuxeo, a content service platform provider. The acquisition will strengthen the Hyland business with Nuxeo product offering such as cloud-native, open-source, lo-code platform with content services.
  • In 2019, OpenText expanded its strategic partnership with Google Cloud. The partnership will help customers to move from critical enterprise management workload to Google Cloud.

Segments covered in the Report:

The global Enterprise Content Management market has been segmented on the basis of Deployment Type, Enterprise Size, Vertical, Type and regions. Based on Deployment Type, the market is segmented into On-Premise, Cloud. Based on Enterprise Size, the market is segmented into SMEs, Large Enterprises. Based on Vertical, the market is segmented into BFSI, Government, IT & Telecom, Healthcare, Transportation & Logistics. Based on Type the market is segmented into Digital Asset Management, Web Content Management, Record Management, Others.

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Market Segmentation

Global Enterprise Content Management Market by Deployment Type

• • On-Premise
  • Cloud

Global Enterprise Content Management Market by Enterprise Size

• • SMEs
  • Large Enterprises

Global Enterprise Content Management Market by Vertical

• • BFSI
  • Government
  • IT & Telecom
  • Healthcare
  • Transportation & Logistics

Global Enterprise Content Management Market by Type

• • Digital Asset Management
  • Web Content Management
  • Record Management
  • Others

Global Enterprise Content Management Market by Region

• • North America Enterprise Content Management Market (Option 1: As a part of the free 25% customization)

    • North America Enterprise Content Management Market by Deployment Type
    • North America Enterprise Content Management Market by Enterprise Size
    • North America Enterprise Content Management Market by Vertical
    • North America Enterprise Content Management Market by Type
    • US Enterprise Content Management Market All-Up
    • Canada Enterprise Content Management Market All-Up

  • Europe Enterprise Content Management Market (Option 2: As a part of the free 25% customization)

    • Europe Enterprise Content Management Market by Deployment Type
    • Europe Enterprise Content Management Market by Enterprise Size
    • Europe Enterprise Content Management Market by Vertical
    • Europe Enterprise Content Management Market by Type
    • UK Enterprise Content Management Market All-Up
    • Germany Enterprise Content Management Market All-Up
    • France Enterprise Content Management Market All-Up
    • Spain Enterprise Content Management Market All-Up
    • Rest of Europe Enterprise Content Management Market All-Up

  • Asia-Pacific Enterprise Content Management Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Enterprise Content Management Market by Deployment Type
    • Asia-Pacific Enterprise Content Management Market by Enterprise Size
    • Asia-Pacific Enterprise Content Management Market by Vertical
    • Asia-Pacific Enterprise Content Management Market by Type
    • China Enterprise Content Management Market All-Up
    • India Enterprise Content Management Market All-Up
    • Japan Enterprise Content Management Market All-Up
    • Rest of APAC Enterprise Content Management Market All-Up

  • RoW Enterprise Content Management Market (Option 4: As a part of the free 25% customization)

    • RoW Enterprise Content Management Market by Deployment Type
    • RoW Enterprise Content Management Market by Enterprise Size
    • RoW Enterprise Content Management Market by Vertical
    • RoW Enterprise Content Management Market by Type
    • Brazil Enterprise Content Management Market All-Up
    • South Africa Enterprise Content Management Market All-Up
    • Saudi Arabia Enterprise Content Management Market All-Up
    • UAE Enterprise Content Management Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Enterprise Content Management Market All-Up

Major Players Operating in the Enterprise Content Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • IBM Corporation
  • OpenText Corp.
  • Microsoft Corporation
  • Capgemini SE
  • Xerox Corporation
  • Oracle Corporation
  • Adobe Inc.
  • Ascend Software
  • Docuware Corporation
  • Laserfiche