Enterprise Content Management Market Growing at a Robust 15.8% CAGR: MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Enterprise Content Management Market, The Global Enterprise Content Management Market is projected to grow at a CAGR of around 15.8% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Enterprise Content Management Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 15.8%

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Global Enterprise Content Management Market Segmentation Breakdown:

The Enterprise Content Management Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Component
- By Solution
  - Content Lifecycle Management
  - Document Imaging and Management
  - Web Content Management
  - Digital Asset Management
  - Mobile Content Management
  - E-Discovery
  - E-Signature
- By Service
  - Managed Service
  - Professional Service
    - Training Consulting
    - Support Maintenance
    - Deployment Integration
  - By Deployment
    - On-Premise
    - Cloud
    - Hybrid
  - By Organization Size
    - Small
    - Medium
    - Large

Of them all, Small and Medium Enterprises are expected to gain momentum during the forecast period. It is primarily because of the continuous deployment of ECM in SMEs owing to the innumerable benefits in terms of easy accessibility to data and flexibility.

By Business Function
- HR
- Sales Marketing
- Operations
- Accounts
- Others (supply chain management, etc.)
By End User
- Manufacturing
- BFSI
- Healthcare
- Government Transportation
- Telecom
- Others (Energy Utilities, Education, etc.)

Amongst all, the Healthcare segment accounted for a considerable market share in the enterprise content management system in the historical period.

Geographical Growth Insights:

By Region
- North America
- South America
- Asia-Pacific
- MEA
- Europe

Here, North America is likely to dominate the Global Enterprise Content Management Market by acquiring the largest share in the forecast period.

MarkNtel Advisors Highlights Key Market Drivers for Enterprise Content Management Market:

Mandates regarding regulatory compliance standards and audit management

With audits emerging as a harsh reality for enterprises, the need for optimized ECM solutions has scaled up. In order to comply with federal mandates such as OSHA, SEC, HIPPA compliance, Sarbanes-Oxley Act, and others, the companies seek to bring substantial changes to their IT systems and internal processes. Since several governments mandate the upkeep of different kinds of data and documents, the companies ensure these compliances by opting for ECM solutions. Furthermore, as these solutions facilitate the audit by encouraging the built-in audit trails, access to previous transactions for each document becomes highly convenient. Thus, enhanced visibility and strengthened corporate information governance are likely to drive the market in the forecast period.

A Comprehensive Analysis of Leading Companies in Global Enterprise Content Management Market

IBM
Microsoft
Oracle
SAP
Adobe
Atlassian
Hyland Software
Open Text
Alfresco
Box
Newgen Software

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Recent Developments in the Global Enterprise Content Management (ECM) Market

In November 2022, Alfresco released the latest version of Content Services (ACS), 7.3, a minor software that seeks to improvise the use and development of customer solutions for PaaS, Cloud, or on-premises deployment.
In November 2022, IBM launched the latest software to assort data silos and simplify planning and analytics. The solution seeks to bring together business intelligence solutions from multiple vendors via the inclusion of an analytics content hub.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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