Enterprise Content Management Market Analysis | 2022-2028

Market Insights

The enterprise content management market was estimated at USD 23.4 billion in 2021 and is likely to grow at a CAGR of 9.94% during 2022-2028 to reach USD 45.57 billion in 2028.

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Market Dynamics

Introduction

Enterprise content management (ECM) software is mainly used to create, archive, distribute, store, and manage unstructured content and to analyze the usage to help companies deliver related content to consumers as per their requirements. This software helps enterprises save time and money by systematically managing content such as emails, scanned documents, medical images, reports, and office documents.

COVID-19 Impact

The COVID-19 pandemic has positively impacted the enterprise content management sector. The ongoing pandemic has led to the lockdown in all over the world. The popularity of remote work environments has created new complex barriers for companies to overcome. It has sent many enterprises to quickly find a document management solution that simplifies & streamlines their business operations.

Market Drivers

These factors are expected to boost the demand for enterprise content management market in the coming years -

• Growing demand to adhere to regulatory compliance standards & audit management with enhanced visibility and control to improve corporate information governance.
• Improve security & optimize business processes with automated workflows and streamline business processes by eliminating repetitive manual tasks. 

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Key Players

The following are the key players in the enterprise content management market:

• Capgemini SE (France)
• IBM Corporation (US)
• Xerox Corporation (US)
• OpenText Corporation (Canada)
• Oracle Corporation (US)
• M-Files Corp. (US)
• Hyland Software Inc. (US)
• Epicor Software Corp. (US)
• Alfresco Software Inc. (US)
• DocuWare GmbH (Germany).

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

Component Trends

"The services segment held a significant market share in 2021".

The market has been classified into solutions and services. Under these, the services segment held a significant market share in 2021, due to the need of managed and professional services for ensuring the smooth functioning of ECM services.

These services help in assessing, building, and leveraging ECM environments to prevent the waste of time and effort on a failed implementation, thereby augmenting the segment growth in the coming years.

Regional Analysis

 "Asia Pacific held a significant market share in 2021".

The asia pacific held a significant market share in 2021 and is projected to grow at a robust CAGR in the coming years. Increasing adoption of new and advanced technologies rising IT spending across companies in the region, and growing adoption of enterprise content management software solutions in India, China, and Japan, further boost the regional market growth in the following years. 

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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s enterprise content management market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The enterprise content management market is segmented into the following categories:

By Component Type

• Solution
• Services

By Deployment Type

• On-Premise
• Cloud

By End-Use Type

• BFSI,
• Communication Media & Services,
• Retail, Manufacturing & Natural Resources,
• Transportation & Logistics,
• Government & Utilities.

By Region

• North America (Country: The USA, Canada, and Mexico)
• Europe (Country: Germany, France, The UK, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (Country: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country: Brazil, Argentina, and Others).

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Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.