According to the new market research "Enterprise Content Management Market by Component (Solutions and Services), Business Function (Accounts & Finance, Human Resources, Supply Chain Management, Operations, and Marketing), Deployment Type, Organization Size, Vertical - Global Forecast to 2022", The ECM market size is expected to grow from USD 31.66 Billion in 2017 to USD 67.14 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.2%.
Increasing complexities of managing exponential data growth and high need of securing confidential data in various verticals have led to the adoption of ECM solution. With the expected increase in the adoption of cloud ECM solutions and services among Small and Medium Enterprises (SMEs), the ECM market is likely to gain traction during the forecast period.
Browse and in-depth TOC on "Enterprise Content Management Market"
73 - Tables
37 - Figures
159 - Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226977096
Digital Asset Management (DAM) is contributing the highest CAGR for the ECM market.
The DAM solution is estimated to contribute the largest market size with a CAGR of 17.8%. Digital assets consist of images, graphics, logos, animations, audio/video clips, presentations, web pages, documents, and other digital file formats. It is important for managing the enterprise asset lifecycle. DAM solutions help organizations to enhance their productivity and reduce the total cost of ownership through effective utilization and management of digital assets.
On-premises deployment type is expected to hold a major market size during the forecast period.
On-premises segment holds the major portion of the ECM deployment type. On-premises solutions are delivered for a one-time license fee along with a service agreement. As on-premises deployment requires huge infrastructure and a personal data center, only those organizations that can afford the cost usually deploy this solution. Therefore, SMEs often face the dilemma of choosing between cloud and on-premises solutions. Furthermore, it has several advantages, including system and data control, and dedicated maintenance and support staff.
Ask for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=226977096
The rapid adoption of ECM due to a strong and well-established economy makes North America the largest market in terms of global share.
North America is expected to hold the largest market size during the forecast period and dominate the ECM market, as this region is extremely responsive towards the adoption of the latest technological advancements. From 2017 to 2022, APAC is estimated to grow at the highest rate in terms of CAGR and is expected to become a new hotspot for ECM vendors as a revenue generating region. Furthermore, Europe is expected to be another revenue generating a market, with solutions market as the leading revenue generating segment.
The major vendors that offer ECM solutions and services across the globe are Microsoft Corporation (US), IBM Corporation (US), Hyland Software, Inc. (US), OpenText Corporation (Canada), Oracle Corporation (US), Alfresco Software, Inc. (UK), Everteam (France), Fabasoft (Austria), M-Files Corporation (US), Laserfiche (US), Xerox Corporation (US), and Newgen Software Technologies Ltd. (India).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.