Dallas, TX -- (SBWIRE) -- 04/10/2014 -- RnRMarketResearch.com adds “Enterprise Content Management Market – (Enterprise Content Solutions, ERP, CRM, SCM, Knowledge Management System, Human Resource Management System, Product Lifecycle Management System) – Global Advancements, Market Forecasts and Analysis (2014-2019)“ report to its research database.
Enterprise Content Management (ECM) market in this report is defined as the market for the management of an organization’s unstructured data and information content, wherever that information exists. The ECM market is segmented into traditional solutions, emerging solutions, deployment types, verticals, and regions. The traditional solutions include enterprise document management, enterprise document imaging and capture, enterprise web content management, enterprise records management, enterprise document collaboration, enterprise digital rights management, content analytics, rich media management, advanced case management, enterprise document output management, enterprise workflow management, and other solutions. The emerging solutions include social content management, mobile content management, big data management, and cloud content management. The deployment types include hosted and on-premises. The overall market is a sum of all the traditional solutions present in the ecosystem with emerging solutions showing a rising niche segment platform and traditional ECM coverage expansion. The overall market size of ECM is further distributed into verticals and regions, respectively.
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The ECM solutions are currently growing in various solution platforms including cloud, mobile, social, and big data applicability. These solutions provide wide range of opportunities in sync with traditional solutions across various verticals in academia and education, banking, financial services and insurance (BFSI), consumer goods and retail, energy and power, government and defense, life sciences and healthcare, manufacturing, media and entertainment, telecom and IT, transportation, tourism, and hospitality, and other verticals.
ECM market comprises of enterprise document management, enterprise document imaging and capture, enterprise web content management, and others. In 2014, enterprise document management accounts for the highest market share. However, in the year 2019, the revenue from enterprise web content management is expected to be comparable to that from enterprise document management.
The Y-o-Y growth rates of enterprise web content will be on the higher side throughout the forecast period. Few high-growth markets are:
- Consumer goods and retail segment
- Life sciences and healthcare segment
- Government and defense segment
- Transportation, tourism, and hospitality segment
- Telecom and IT segment
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The key playing fields are enterprise document management and enterprise web content management in the ECM market. Enterprise web content management helps to automate development and delivery of critical business information throughout enterprises for real-time, conceptual, and appropriate understanding of data congregated from interactions across multiple channels and sources—including websites, emails, tweets, blogs, audio, video, CRM, ERP, and many others. This solution is essential for most organizations to maintain their global presence with the growing web usage in countries in northern Europe, China, and other developing economies.
MarketsandMarkets expects that consumer goods and retail vertical will account for the largest market share throughout the forecast period. However, there are few revenue pockets, namely, life sciences and healthcare segment, government and defense segment, transportation, tourism, and hospitality segment, and telecom and IT segment that will witness significant growth in this period.
Majority of the challenges in this market are specific to the security of application environment and end user understanding of the market. For instance, there are challenges such as requirement gathering from end users and lack of complete usability of available ECM tools due to low information and knowledge about the capabilities of the ECM suits with the end users. Security challenges from cloud and mobile users are other challenging criteria which are questioned by number of customers and analysts in the market.
There are various assumptions that have been taken into consideration for market sizing and forecasting exercise. Few global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
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The report will help the market leaders/new entrants in this market in the following ways:
- This report segments the market into traditional solutions, emerging solutions, deployment types, verticals, and regions covering this market comprehensively. The report also depicts the market sizes for emerging solutions. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different verticals and regions.
- This report will help them better understand the competitors and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem, mergers and acquisition, and venture capital funding. Besides, there are company profiles of top 10 players in this market. In this section, market internals are provided that can put them ahead of the competitors.
- The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.
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