According to MarkNtel Advisors study the Global Enterprise Content Management (ECM) Market is projected to grow at a CAGR of around 15.8% during the forecast period, i.e., 2023-28.
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Key Findings of the Study: Enterprise Content Management market
Key Driver: Mandates regarding regulatory compliance standards and audit management
With audits emerging as a harsh reality for enterprises, the need for optimized ECM solutions has scaled up. In order to comply with federal mandates such as OSHA, SEC, HIPPA compliance, Sarbanes-Oxley Act, and others, the companies seek to bring substantial changes to their IT systems and internal processes. Since several governments mandate the upkeep of different kinds of data and documents, the companies ensure these compliances by opting for ECM solutions. Furthermore, as these solutions facilitate the audit by encouraging the built-in audit trails, access to previous transactions for each document becomes highly convenient. Thus, enhanced visibility and strengthened corporate information governance are likely to drive the market in the forecast period.
For more detailed information about the Enterprise Content Management market report, click here – https://www.marknteladvisors.com/research-library/global-enterprise-content-management-market.html
Scope of the Report and Enterprise Content Management Market Segmentation:
By Component
- By Solution
- Content Lifecycle Management
- Document Imaging and Management
- Web Content Management
- Digital Asset Management
- Mobile Content Management
- E-Discovery
- E-Signature
- By Service
- Managed Service
- Professional Service
- Training & Consulting
- Support & Maintenance
- Deployment & Integration
By Deployment
- On-Premise
- Cloud
- Hybrid
By Organization Size
- Small
- Medium
- Large
Of them all, Small and Medium Enterprises are expected to gain momentum during the forecast period.
By Business Function
- HR
- Sales & Marketing
- Operations
- Accounts
- Others (supply chain management, etc.)
By End User
- Manufacturing
- BFSI
- Healthcare
- Government & Transportation
- Telecom
- Others (Energy & Utilities, Education, etc.)
Enterprise Content Management Market Competitive Landscape
- IBM
- Microsoft
- Oracle
- SAP
- Adobe
- Atlassian
- Hyland Software
- Open Text
- Alfresco
- Box
- Newgen Software
Enterprise Content Management Market Development:
- In November 2022, Alfresco released the latest version of Content Services (ACS), 7.3, a minor software that seeks to improvise the use and development of customer solutions for PaaS, Cloud, or on-premises deployment.
- In November 2022, IBM launched the latest software to assort data silos and simplify planning and analytics. The solution seeks to bring together business intelligence solutions from multiple vendors via the inclusion of an analytics content hub.
Geographical Analysis:
By Region
- North America
- South America
- Asia-Pacific
- MEA
- Europe
Here, North America is likely to dominate the Global Enterprise Content Management Market by acquiring the largest share in the forecast period.
Note: If you require specific information not covered in the current report, we can provide it through customized option
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