Organization
is the cornerstone of every business model. A formalized version of
this organization is called enterprise content management (ECM),
which essentially means organizing and storing documents and other
related content that may occur in firm’s lifecycle. ECM encompasses
concepts such as methods, strategies, and tools that used in the
process of capturing, managing, storing, preserving, and delivering.
The global enterprise content management (ECM) market expected to
grow over US$12 billion by 2019. A historic look at enterprise
content management shows that is version of content management and it
includes capturing, searching and networking documents with digital
archiving, document management and workflow. This challenging task
includes the art of preserving old documentation, sometimes before
the digital era, and scores of unstructured information in every
form.
Over
a period of time enterprise content management has evolved with
technologies and time. Today, the enterprise content management
market makes use of several important technologies such as intranet
services (B2E), enterprise portals for business-to-business (B2B),
government-to-business (G2B), and business-to-government (B2G).
Enterprise content management market includes aspects such as ECM,
web content management (WCM), media access management, and content
syndication. ECM is an all-encompassing service that documents with
the help of related technologies.
Components
of Enterprise Content Management Market
The
enterprise content management market is segmented on the basis on
many different end users such as retail, banking, finance,
automobile, telecommunications, transportation, energy, healthcare,
government, research, energy, manufacturing, design, utilities,
defense, public and private sector, and travel and tourism among
others. Additionally, the global enterprise content management market
is also divided on the basis of type such as SaaS (Software as a
Service) ECM, on-premise ECM, and Hybrid ECM. Geographically
speaking, the global enterprise content management market can further
be divided into regions such as North America, Europe, Asia Pacific,
and Rest of the World.
Some
of the key ECM players making a huge impact of the global economy are
ECM Universe, IBM, IMC, RGB Projects., Pyramid Solutions, App Tier,
Cabeus, TACG, Bright Star, T- Systems, Image Tech Systems, General
Networks, Integro, Atos, and Deloitte. The financial outlooks, growth
strategies, and research and development plans for these companies is
going to make a huge difference to the global enterprise content
management market in years to come.
What
Lies Ahead for Enterprise Content Management Market
The
global enterprise content management market is expected to grow due
to many reasons such as rising demand from companies to manage the
exponential growth data, enterprise content management solutions such
a cloud-based solutions, and increasing needs of social content ECM
and big data ECM. In addition to these the other factors driving the
ECM market on a road to success are need for increased efficiency,
improving control over vast information, and reducing the cost of
information management through ECM solutions. The aim of global
enterprise content management market has always been to streamline
processes and give a quick access to records via simple keyword
searches. This is the unique selling point of the enterprise content
management market’s growth, as it allows employees to get required
information from a vast directory of data within a few seconds.
The
enterprise content management market also enhances control over
records, which helps companies to comply with stringent financial
regulations, governmental norms, and other industrial regulations.
The global enterprise content management market has earned steady
revenue for the past few years and is expected to see growth in the
coming years. The demand for ECM solutions will be from emerging
economies and need for cloud-based solutions. North America is
expected to hold the largest market share in the global enterprise
content management market. This region will be followed by Asia
Pacific. However, Europe will be the fastest growing region due to
growing verticals such as government, consumer goods and retail,
transportation, life sciences and healthcare, transportation, tourism
and hospitality, and telecom and IT.
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