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Global Enterprise Content Management (ECM) Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Enterprise Content Management market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Enterprise Content Management Market Analysis, 2020”, the Global Enterprise Content Management market is anticipated to grow at a CAGR of around 15.8% during 2020-25F owing to the promulgating IT spending by the firms in incorporation of ECM to reduce risk and enhance productivity & efficiency, and customer service. In addition, rising integration of the ECM software by the verticals such as BFSI Industry in the developing regions such as India and China and introduction of technologically advanced ECM solutions by the vendors enable the employees to work from a remote location. Thus, these factors also lead to a positive impact to the market growth of the enterprise content management globally in the coming years.
Healthcare Registered Fastest Growth
Based on end user, healthcare segment accounted for the considerable market share in the enterprise content management system during 2020-25 on account presence of vast amounts of data regarding patient information medications, electronic medical records (EMR), lab results etc. There is an urgent need for ECM by hospitals to improve patient care, protect data, support compliance and lower operational costs. Its is stated that in the US, hospital errors are among the third leading cause of death.
Thus, to further avoid these errors, healthcare institutions are digitizing their system as it enables them to easily manage unstructured data like lab results, patient admissions information, and monthly revenue reports by minimizing error-prone paperwork. Hence, this aspect is anticipated to further bolster the demand for ECM in the coming years.
Small & Medium Enterprises Expected to Show Potential Growth in the Forthcoming Period
Based on organization, the large enterprise captured the majority market share in the Global Enterprise Content Management market on an account of huge generation of data from multiple networks and rising level of spending toward digital marketing which has augmented the demand for digital assent management and web content solutions.
Moreover, the deployment of SMEs is also growing at a swift rate due to its benefits such as easy access to data, cost-efficient, and flexibility and is expected to strongly attribute toward the growth of ECM market in the near future as stated in the MarkNtel Advisors’ research report “Global Enterprise Content Management Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Enterprise Content Management market include IBM, Microsoft, Oracle, SAP, Adobe, Atlassian, Hyland Software, Open Text, Alfresco, Box, Newgen Software etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Enterprise Content Management Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Enterprise Content Management Market during 2020-25?
A. The growth rate of Global Enterprise Content Management Market during 2020-25 is forecast to be around 15.8%.
Q. Who are the key competitors or players operating in Global Enterprise Content Management Market?
A. IBM, Microsoft, Oracle, SAP, Adobe, Atlassian, Hyland Software, Open Text, Alfresco, Box, Newgen Software etc., are few of the leading players in the Global Enterprise Content Management Market.
Q. Which deployment segment would emerge as an opportunity area for players in Global Enterprise Content Management Market?
A. Cloud segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Enterprise Content Management Market?
A. The North America grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Enterprise Content Management Market.
