Enterprise Content Management Market Top Growth Factors and Future 2025

Posted by Ashish on April 19th, 2021

MarketsandMarkets forecasts the global Enterprise Content Management (ECM) market size to grow from USD 40.1 Billion in 2020 to USD 66.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period. The major growth factors of the ECM market include the increased need of companies to organize, categorize, and structure all of the content in a meaningful, easily explorable manner and rising demand of companies to deliver personalized content to the right audience through the right channels.

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Microsoft (US) is a one of the leading suppliers of ECM solutions. Microsoft operates in three segments that include productivity and business processes, intelligent cloud, and more personal computing. The company caters to a wide range of verticals, including finance and insurance, manufacturing and retail, media and entertainment, public sector, healthcare, and IT and telecommunications. In the ECM market, Microsoft offers Microsoft SharePoint and OneDrive. SharePoint and OneDrive exhibit capabilities that empower individuals, teams, and organizations to intelligently and securely discover, share, and collaborate to interact with and manage growing volumes of content. SharePoint can be deployed in four fundamental models: SharePoint on-premises, SharePoint Hybrid, SharePoint Online and OneDrive, and SharePoint in Azure/IaaS. Microsoft benefits from a huge ecosystem of partners that provide complementary products that integrate tightly with SharePoint and extend its content management capabilities.

Alfresco (US) is a cloud-native, open source vendor with a well-established content services offering that is part of its Digital Business Platform, which includes other core services comprising process management, governance, search and insights (analytics), intelligence services (AI and ML), low-code modeling, a rapid app development framework, open standards, and a broad range of Application Programming Interfaces (APIs). Alfresco ECM platform provides open, flexible, and highly scalable capabilities along with easy integration capabilities with other business applications. Alfresco is used by more than 1,300 industry-leading organizations, including Cisco, Pitney Bowes, the Canadian Museum for Human Rights, US Navy Department, the Joint Chiefs of Staff  and NASA.

Among regions, North America to hold the largest market size during the forecast period

North America is expected to hold the highest market share during the forecast period. This can be attributed to the increasing investments in the development of various technologies and applications of ECM driving the growth of vendors in the region. North America houses multiple ECM vendors, such as Microsoft, IBM, Oracle, Xerox, OpenText, Veeva, M-Files, and niche players in the ECM market such as Ascend, Laserfiche, Alfresco, Hyland Software, Nuxeo. However, strict regulations and compliances related to cybersecurity are anticipated to become a major restraint in the growth of the market.

The report includes the study of the key players offering ECM solutions and services. The major vendors includes IBM (US), Oracle (US), Microsoft (US), SAP (Germany), OpenText (Canada), Xerox (US), Atlassian (Australia), Newgen Software (India), Veeva (US), Fabasoft (Austria), Ascend Software (US), Alfresco (US), Laserfiche (US), M-Files (US), Hyland (US), Everteam (US), Nuxeo (US), Systemware (US), DOMA Technologies (US), SER Group (Germany), GRM Information Management (US), Box (US), Adobe (US).It also includes an in-depth competitive analysis of the key players in the ECM market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Browse in-depth TOC on Complete Report @ https://www.marketsandmarkets.com/Market-Reports/enterprise-content-management-market-226977096.html

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