Enterprise Content Management Market Moving to the Cloud

  • Enterprise content management is gaining demand as organizations seek to improve their business growth by shifting from on-premises to cloud based.
  • The implementation of enterprise content management solutions by both small and medium enterprises is increasing rapidly, especially into the retail sector.
  • The North American region is generating highest market share in the enterprise content management market.

Enterprise content management is gaining demand as organizations seek to improve their business growth by shifting from on-premises to cloud based. The initial low cost, saving amount spent on infrastructure, automatic software upgrading and seamless integration is driving the market of cloud based enterprise content management market.

The implementation of enterprise content management solutions by both small and medium enterprises is increasing rapidly, especially into the retail sector. The Enterprise Content Management Market is expected to grow at approximately $80 Billion by 2023, at 16.8% of CAGR between 2020 and 2023

The increase in utilization of enterprise content management software is in various industrial verticals which includes retail, BFSI, IT & telecommunication and retail.

Segmentation

The Enterprise Content Management Market has been segmented on the basis of solution, deployment, organization size and vertical. The cloud based enterprise content management solution provides search filters in terms of website traffic, most popular site and measure campaign performance. The study indicates that growing demand of digitally stored data and cloud computing is driving the on-premises deployment service.

Key Players

The prominent players in the enterprise content management market are- Dell EMC Corporation (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Opentext Corporation (Canada), Oracle Corporation (U.S.), Alfresco Software (U.K.), Hyland Software Inc. (U.S.), Lexmark International Inc. (U.S.), Newgen Software Technologies Ltd (India), Xerox Corporation (U.S.), among  others.

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Regional Analysis

The regional analysis of enterprise content management market is being studied in the following regions: Asia Pacific, North America, Europe and Rest of the World.

Enterprise content management is gaining demand as organizations seek to improve their business growth by shifting from on-premises to cloud based.

The North American region is generating highest market share in the enterprise content management market owing to better network infrastructure, digitization and higher technology implementation. Digitization in North America is mainly due to the invention of advanced technology and economies benefiting from it.

North America is one of the leading players in the content analytics market due to the presence of major market players in the region. The increase in utilization of enterprise content management software is in various industrial verticals which includes retail, BFSI, IT & telecommunication and retail.  This is boosting the market in the region.

Asia-Pacific region is expected to have fastest growth in the market due to digitization and increasing IT infrastructure is fueling the market in the region.

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