The Enterprise Content Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Enterprise Content Management Global Market Report 2024, The enterprise content management market size has grown strongly in recent years. It will grow from $33.93 billion in 2023 to $36.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to mobile integration, regulatory changes, and compliance demands, globalization, paperless initiatives, growth of data volume.
The enterprise content management market size is expected to see strong growth in the next few years. It will grow to $53.73 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to remote workforce dynamics, security emphasis, digitization, increased demand for automation, demand for personalized user experiences, green computing. Major trends in the forecast period include workflow optimization, content analytics and insight, hybrid ECM deployments, integration with business processes, content personalization.
The surge in the volume of content being generated due to the prevalence of digitalization is expected to propel the growth of the enterprise content management market going forward. Data volume is the capacity to store and handle petabytes of natively stored and object-stored data with efficiency. Organizations are able to manage content and information securely throughout their lifecycle with the use of an enterprise content management (ECM) solution. For instance, according to a Kommando Tech, a Czech Republic-based independent review site dedicated to providing accurate information about various tech-related products and services, in March 2022, 2.5 quintillion bytes of data are produced by people every day. The last two years have seen the creation of around 90% of all data. Unstructured data is a problem for 95% of businesses. The big data sector is anticipated to be worth $77 billion by 2023. Therefore, the surge in the volume of content being generated due to the prevalence of digitalization is driving the growth of the enterprise content management market.
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The enterprise content management market covered in this report is segmented –
1) By Solution: Records Management, Case Management, Document Management, Mobile Content Management, Imaging and Capturing, Web Content Management, Other Solutions
2) By Deployment Mode: On-Premise, Cloud
3) By Service: Integration, Support and Maintenance, Training
4) By Industry: BFSI, IT and Telecommunication, Energy and Utilities, Government and Public Sector, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Other Industries
Top Major Players
Microsoft Corporation
Dell Technologies Inc.
International Business Management Corporation
Oracle Corporation
SAP SE.
Major companies operating in the aluminum curtain wall market are focusing on technologically advanced products, such as revamped content management systems, to better meet the needs of their existing consumers. A revamped content management system (CMS) is an extensive overhaul or redesign of an existing CMS that includes major enhancements, updates, or modifications to its framework, characteristics, user interface, and functioning. For instance, in April 2022, HeartCore Enterprises, Inc., a Japan-based company that provides corporate content management systems, launched an upgraded content management system, HeartCore’s customer experience management platform. The HeartCore customer experience management platform simplifies website operations by allowing users to effortlessly generate, maintain, and edit website content without requiring specialist technical skills. Users will be able to achieve headless distribution of diverse material as well as centralized administration of rising Product Information Administration (PIM) and Digital Asset Management (DAM) as a center for all content shipment, role-based management, and editing operations with the enhanced version. Users will also be able to manage prospects, locate hot leads, and assist SEO objectives through marketing automation and content customization.
The enterprise content management market report table of contents includes:
1. Executive Summary
2. Enterprise Content Management Market Characteristics
3. Enterprise Content Management Market Trends And Strategies
4. Enterprise Content Management Market - Macro Economic Scenario
5. Global Enterprise Content Management Market Size and Growth
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32. Global Enterprise Content Management Market Competitive Benchmarking
33. Global Enterprise Content Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Enterprise Content Management Market
35. Enterprise Content Management Market Future Outlook and Potential Analysis
36. Appendix
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