New York, USA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Market Overview:
The global enterprise content management market size is projected to grow from USD 44.19 billion in 2023 to USD 105.92 billion by 2032, at a CAGR of 10.3%, according to a new report by Polaris Market Research.
Enterprise content management is a series of interpreted procedures, policies, and instruments that sanction a business to acquire, arrange, restore, and convey crucial particulars to its staff, business stakeholders, and consumers. ECM has advanced speedily as varied configurations of content have been initiated in the work environment. Still, ECM instruments endure to concentrate on digitally handling a firm's particulars in a consolidated reserve and utilizing the digital content to reinforce business procedures.
Key Insights from the Report:
- The market for enterprise content management entails the policies, techniques, and software solutions utilized for accession, firm, repository, conservation, and distribution of a varied gamut of content.
- The enterprise content management market segmentation is mainly based on offer, business function, deployment mode, organization size, end-use, and region.
- Based on the offering, the solutions segment is expected to experience the highest CAGR during the forecast period.
- By region, the report provides market insights into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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Enterprise Content Management Market Scope:
| Report Attributes | Details |
| Market size value in 2023 | USD 44.19 billion |
| Market size value in 2024 | USD 48.49 billion |
| Revenue Forecast in 2032 | USD 105.92 billion |
| CAGR | 10.3% from 2024-2032 |
| Base year | 2023 |
| Historical data | 2019-2022 |
| Forecast period | 2024-2032 |
Market’s Growth Drivers:
Growth in Cyber Crimes: With a growing cyber menace, firms categorize data security as an overriding worry. ECM systems play an important part by combining strong security measures such as encryption, role-based access control, and data loss prohibition apparatus, contributing to enterprise content management market growth.
Rise in the Demand for Cloud-Based Solutions: The market observed a notable rise in demand for cloud-dependent solutions, extensively pushed by the benefits of scalability, economy, and effortlessness of deployment provided by cloud computing.
Merger of AI and ML: The amalgamation of AI and ML into ECM systems showcases a notable progression in content management potential. AI and ML technologies sanction ECM platforms to mechanize intricate chores such as content categorization, where documents are classified dependent on their content and conditions impulsively.
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List of Enterprise Content Management Key Players:
- Box, Inc.
- DocuWare Corporation
- Hyland Software
- IBM Corporation
- Kyocera Document Solutions, Inc.
- Laserfiche
- M-Files
- Microsoft Corporation
Geographical Analysis:
North America accounted for the largest enterprise content management market share. ECM solutions playing a significant role in productively handling, reserving, and connecting digital content for firms covering industries such as finance, healthcare, government and manufacturing are driving the market in the region.
Asia Pacific is also expected to grow at the highest CAGR during the forecast period. The regional expansion is due to digital modification capabilities covering varied industries.
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Market Segmentation:
By Offering Outlook:
- Solution
- Document Management
- Case Management
- Record Management
- Imaging & Capturing
- Web & Mobile Content Management
- Digital Asset Management
- Collaborative Content Management
- eDiscovery
- Others
- Services
- Professional Services
- Deployment & Integration
- Training & Consulting
- Support & Maintenance
- Managed Services
- Content Analytics & Reporting
- Managed Print & Output Services
- Content Migration Services
By Business Function Outlook:
- Human Resources
- Sales & Marketing
- Accounting & Legal
- Procurement & Supply Chain Management
- Others
By Deployment Mode Outlook:
- Cloud
- On-premises
By Organization Size Outlook:
- Large Enterprises
- SMEs
By End Use Outlook:
- BFSI
- Retail & Consumer Goods
- IT & ITeS
- Telecommunications
- Healthcare & Life Sciences
- Manufacturing
- Energy & Utilities
- Media & Entertainment
- Government & Public Sector
- Others
By Region Outlook:
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Australia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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