As per current published report by Markntel Advisors the Enterprise Content Management Market is estimated to grow at a CAGR of around 15.8% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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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.
The Enterprise Content Management Market has segmented the market into the following categories:
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)
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.))
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By Region
– North America
– South America
– Asia-Pacific
– MEA
– Europe
Competitive Environment Featuring Key Players:
IBM, Microsoft, Oracle, SAP, Adobe, Atlassian, Hyland Software, Open Text, Alfresco, Box, Newgen Software
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