Enterprise Content Management System Market: Current Scenario, Trends and Research 2023
Enterprise Content Management System Market by Deployment (On-premise and Cloud), User Type (Large Enterprises and Small & Medium Enterprises), End-Use Industry (Aerospace & Defense, BFSI, Public sector, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others), and Solution (Document Management, Imaging & Capturing, Case Management, Records Management, Web Content Management, Digital Asset Management, Mobile Content Management, and Others) - Global Opportunity Analysis and Industry Forecast, 2016-2023
Portland, OR -- (SBWire) -- 11/09/2017 --Enterprises content management is the technology used to manage, capture, store, preserve, and deliver content to organizational processes. Enterprise content management reduces workload of organization by maintaining & processing the complex workflow, increase operational efficiency, and enhance customer experience.
Furthermore, the demand for enterprise content management system is increasing in recent years, owing to its features such as securing the stress content and integration of content with business intelligence & business analytics application. The global enterprise content management system market was valued at $28,165 million in 2016, and is projected to reach $94,094 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023.
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The enterprise content management system market is expected to experience significant growth during the forecast period, owing to increase in need for digital content with the proliferation of online marketing & online customer relationship. Moreover, constant development of the e-commerce industry fuels the demand for enterprise content management systems to store, manage, create, and distribute digital content through online channels.
In addition, increase in adoption of cloud-based enterprise content management system is expected to boost the enterprise content management system market growth in the coming years. However, high initial costs of implementation and lack of awareness to implement the right solution for the specific needs among SMEs hinder the growth of enterprise content management system market.
The global enterprise content management system market is segmented based on deployment, user type, end-use industry, solution, and geography. On the basis of deployment, the digital content management market is bifurcated into cloud and on-premise. By user type, it is categorized into SMEs and large enterprises.
As per end-use industry, it is classified into aerospace & defense, BFSI, public sector, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. In terms of solution, it is divided into document management, imaging & capturing, case management, records management, web content management, digital asset management, mobile content management, and others. Geographical breakdown of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the enterprise content management system market are Microsoft Corporation, Oracle Corporation, Hyland Software, Inc., Xerox Corporation, OpenText Corporation, Alfresco Software, Inc., Lexmark International, Inc., M-Files Inc., Adobe Systems Incorporated, and Fabasoft.
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KEY BENEFITS FOR STAKEHOLDERS
- This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global enterprise content management system market.
- Porter's Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets.
- Current and future trends adopted by the key market players are highlighted to determine overall competitiveness.
- The quantitative analysis of the enterprise content management system market growth from 2017 to 2023 is provided to elaborate the market potential.
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