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.
Market SnapshotMarket Research Future (MRFR)’s latest study has revealed that the Enterprise Content Management Market is set to expand exponentially at 17% CAGR during the forecast period 2017 to 2023.
The solution segment is sub-segmented into enterprise record management, enterprise web content management, digital asset and rich media management, social content management, and others.
The service segment has been sub-segmented into technology and integration service, consulting service and, application support & maintenance service.By deployment, the Global Enterprise Content Management Market is bifurcated into cloud and on-premise.Market SynopsisThe factors responsible for the business content management market 's growth include the emergence of advanced technology, growing IT landscape, and a large volume of business data.
Developments in cloud and analytics technology, as well as ongoing social collaboration tools integration, have expanded the outlook for what ECM solutions can do.
This, in turn, is likely to speed up the market players' revenue creation over the next few years.
On the other hand, collecting data from a single view to provide good opportunities and boost competitiveness in the management of enterprise content.By organization size, the ECM Market has been bifurcated into small and medium enterprise and, large enterprise.By vertical, the global enterprise content management market is segmented intoBFSI, IT & telecommunication, retail, energy & power, government and defense, healthcare and life sciences, transportation & logistics, media & entertainment, manufacturing, tourism and hospitality, and others.Competitive DashboardSome of the major players profiled in the report are Newgen Software Technologies Ltd (India), Lexmark International, Inc. (U.S.), Dell EMC Corporation (U.S.), IBM Corporation (U.S.), Alfresco Software (U.K.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Hyland Software Inc. (U.S.), Opentext Corporation (Canada), and Xerox Corporation (U.S.).Regional Analysis:In addition, the increasing demand for optimizing business processes and increasing efficiency is boosting the adoption of content management for enterprises.However, the use of cloud computing as the basis for document management systems has both benefits and drawbacks.
