Business Intelligence and Enterprise Content management

MarketsandMarkets forecasts the global Enterprise Content Management (ECM) market size to grow from USD 40.1 Billion in 2020 to USD 66.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period.

The major growth factors of the ECM market include the increased need of companies to organize, categorize, and structure all of the content in a meaningful, easily explorable manner and rising demand of companies to deliver personalized content to the right audience through the right channels.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226977096Based on organization size, the large enterprises segment to hold a larger market size during the forecast periodBased on organization size, the ECM market is segmented into large enterprises and Small and Medium-sized Enterprises (SMEs).

The large enterprises segment is expected to have a larger market size during the forecast period, due to the adoption of ECM solutions in large enterprises, owing to the huge inflow of data from multiple channels and the need to generate actionable insights from the customer data.

However, the SMEs segment is expected to grow at a higher CAGR during the forecast period.

SMEs are growing at a rapid rate and are keen to implement ECM solutions due to various benefits such as easy access to data, cost savings, compliance, and flexibility.Based on business function, the procurement and supply chain management segment to grow at the highest CAGR during the forecast periodEnterprises find it difficult to manage and identify spend across the different categories, which essentially requires domain expertise.

Procurement and supply chain management is generally handled by a specific team within the organization that must manage the swift flow of quality raw materials at low cost to gain customer satisfaction.

CMS (content management system) is a program in the form of a web application, enabling the creation of a website by adding and editing content.

CMS systems can be divided into paid and free of charge.

Most of the major interactive agencies use their original solutions, which are developed and updated on an ongoing basis.

On the other hand, there are many free solutions available on the market, which are adapted to different types of websites, blogs, etc.

The most popular free CMS systems include:

The main advantage of free content management systems, in addition to their price, is a large number of plugins and extensions and templates that can be installed.

Overview As Enterprise Content Management (ECM) continues to evolve, driven by new use cases and platforms, significant changes in the technology and competitive landscape obscures the vendors’ vision and direction to grow their revenue while serving their customers better.

This study covers the major trends governing the Enterprise Content Management (ECM) market and it is expected that the evolution over the next five years from 2018 to 2023, with 2016 and 2017 being the historic and base years for vendor evaluation.

The study examines market trends, market dynamics, competitive landscape, and leading vendor products and strategies, as well as worldwide market growth forecasts in terms of revenue from 2018 to 2023.

OpenText, IBM, Microsoft, Hyland Software, Xerox, Adobe, Laserfiche, HPE, DocuWare, Alfresco Software, Acquia, Oracle, Kofax, M-Files, and Newgen Software are few of the leading vendors of ECM services and tools analyzed for this study.

Content Creation, Search and Discovery, Compliance and Security, Classify and Archive, Governance and Document Workflow, and Collaboration are the core constituents of the overall ECM suite.

Click Here to Get Sample Premium Report @https://www.trendsmarketresearch.com/report/sample/9779  Market Analysis According to TMR Research, the global enterprise content management (ECM) market is projected to grow at a CAGR of almost 15.2% during the forecast period, driven by increasing need to manage growing number of digital platforms generating huge volume of data.

Choosing the right ECM can be a difficult task, but it becomes much easier when you know what to look out for.

Here are some of the questions one should ask before choosing an ECM.