Global Enterprise Content Management (ECM) Software Market Forecasted to Grow at a CAGR of 13.66% Through 2019
Fast Market Research announces the availability of the new TechNavio report, "Global Enterprise Content Management (ECM) Software Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWire) -- 08/18/2015 --ECM is a set of tools used to manage critical business content in an organization. It manages all types of business content, from simple documentations to interactive real-time videos. ECM solutions enable the management of business information throughout the document and content lifecycle from creation to disposition. They consist of various components that help organizations to effectively manage content related to business processes and workflows. The cloud computing model for ECM has succeeded in changing the deployment of ECM solutions from a capital expenditure model to a pay-per-use subscription model.
Technavio's analysts forecast the global ECM software market to grow at a CAGR of 13.66% during 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "In the past, SMEs had limited options when adopting a system that would ensure optimal business performance because they did not require, or could not afford, all the features of enterprise-class software systems. Their options were limited to freeware, low-end, or open-source solutions that mainly focused on server or network monitoring. In recent years, many SMEs have become increasingly aware of the benefits of ECM software and are looking for complete visibility of business operations. This trend has created an opportunity for ECM solution vendors to develop new versions of their products and attract SMEs, and thus improve their presence in this market."
Get More Details on this Report and a Full Table of Contents at Global Enterprise Content Management (ECM) Software Market 2015-2019
According to the report, an ECM solution increases productivity and efficiency and also provides secured document retention and backup recovery. Organizations are seeking systems that can manage files and documents in a systematic manner. In addition, they are focusing on streamlining business processes and increasing efficiency. An ECM solution helps organizations to control and manage documents in order to respond more quickly to business changes as they occur. To transform their current business activities into more streamlined processes, organizations are increasingly adopting DCC solutions that reduce costs, increase productivity, and reduce risk as a means to become more responsive to the changing business environment.
Further, the report states that ECM solutions need to be upgraded according to current market trends, which is one of the major challenges in terms of cost for organizations.
The key players in the Global Enterprise Content Management Software Market are EMC, IBM, Microsoft, Open Text and Oracle while other prominent vendors include Adobe, Alfresco, EPiServer, Ever Team, Fabasoft, Hewlett-Packard, Hyland Software, Laserfiche, M-Files, Newgen Software Technologies, Perceptive Software, Saperion, SDL, Software Innovation, SpringCM, SunGard iWORKS, Systemware and Xerox
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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