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Enterprise Content Management Market worth 66.27 Billion USD by 2021
The report "Enterprise Content Management Market by Solution (Enterprise Document Management, Enterprise Web Content Management, Records Management, eDiscovery, and others), Deployment Type, User Type, Vertical and Region - Global Forecasts and Analysis to 2021", The ECM market size is expected to grow from USD 28.10 Billion in 2016 to USD 66.27 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7% during the forecast period. The major drivers of this market include increasing need among enterprises to adopt ECM solutions to streamline business processes and ensure optimal resource usage and increased traction for risk mitigation in content management.
Browse 67 market data Tables and 58 Figures spread through 171 Pages and in-depth TOC on "Enterprise Content Management Market by Solution (Enterprise Document Management, Enterprise Web Content Management, Records Management, eDiscovery, and others), Deployment Type, User Type, Vertical and Region - Global Forecasts and Analysis to 2021"
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Enterprise content workflow management is expected to be the most promising solution during the forecast period
The ECM market has been segmented into solutions, deployment types, user types, and verticals. Enterprise content workflow management is projected to grow at the highest CAGR during the forecast period. Enterprise content workflow management solutions are considerably important as they help in establishing traceability among different functional processes, align different executing tasks, and help in maintaining consistency and quality of website content.
On-Premises deployment type is expected to hold major market size during the forecast period
On-premises deployment type command the major share of the ECM deployment modes. The on-premises deployment type is witnessing growth due to the digital rights management associated with the ECM systems. Content management through on-premises deployment type reduces the turnaround time and query processing time significantly.
Presently, North America contributes the maximum market share in the ECM market
North America is expected to hold the largest market share and dominate the ECM market in 2016, as this region is extremely responsive towards adoption of the latest technological advancements. From 2016 to 2021, APAC is estimated to grow at the highest rate during this forecast period and is becoming a new hotspot for ECM vendors as a revenue generating region. Furthermore, Europe is expected to be another revenue generating market, with solution market as the leading revenue generating segment.
The major vendors covered in the ECM market for the study are EMC Corporation, IBM Corporation, Microsoft Corporation, Opentext Corporation, Oracle Corporation, Alfresco Software, Hyland Software Inc., Lexmark International, Inc., Newgen Software Technologies Ltd, and Xerox Corporation
MarketsandMarkets segments the ECM market on the basis of solutions, services, technologies, verticals, and regions. The scope of the report covers detailed information regarding the major factors influencing the growth of the ECM market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the ECM market
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