22-Jun-2023 | Facts and Factors
According to the Facts & Factors report, the global enterprise content management (ECM) market size was nearly $11.04 billion in 2022 and is predicted to surge to about $30.07 billion by 2030 along with garnering the highest growth rate of 14.4% from 2023 to 2030.
Enterprise Content Management (ECM) has become more complex in recent years. It helps in preventing data violations and financial fraud with government laws aiding them in preventing these violations & frauds. Firms are also required to effectively manage content by integrating ECM tools with business intelligence tools. Technological breakthroughs are making the use of enterprise content management (ECM) tools more significant. Breakthroughs in machine learning algorithms, smartphone technology, and cloud computing will steer the demand for enterprise content management (ECM) tools across the globe.
Browse the full “Enterprise Content Management (ECM) Market Size, Share, Growth Analysis Report By Solutions (Document Management, eDiscovery, Web Content Management, and Digital Asset Management), By Deployment (Cloud and On-Premise), By Enterprise Size (SMEs and Large Enterprises), By Industry Vertical (BFSI, IT & Telecom, Healthcare & Life Sciences, Consumer Goods & Retail, Government, and Transportation & Logistics), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” report at https://www.fnfresearch.com/enterprise-content-management-ecm-market
Growing demand for handling big data generated across a slew of organizations with extensive geographic presence and a rising consumer base is anticipated to boost the global enterprise content management market trends. The massive need for regulating content management services for improving their functionality is predicted to boost global market growth. Firms are investing in ECM tools for incorporating compliance requirements, reducing risks, and enhancing efficiency apart from ensuring the integrity of content assets. The move will boost the expansion of the global market.
Nevertheless, a rise in preliminary investment costs can put brakes on the expansion of the enterprise content management industry across the globe. Giant firms produce big unstructured data and processing this data needs huge costs. This, in turn, will inhibit the global industry expansion in the years ahead. Apart from this, the growing demand for AI-driven ECM tools is likely to open new growth avenues for the industry across the globe. This will nullify the negative impact of hindrances on the growth of the global industry.
Segmental Overview:
The global enterprise content management (ECM) market is divided into solutions, deployment, enterprise size, industry vertical, and region.
The solutions segment of the enterprise content management (ECM) market is sub-segmented into document management, eDiscovery, web content management, and digital asset management segments. Furthermore, the document management segment, which amassed majorly towards the global market share in 2022, is set to register the highest CAGR over the assessment period. The growth of the segment in the coming years can be owing to low document loss & efficient document maintenance costs translating into huge demand for ECM solutions.
In terms of deployment, the enterprise content management industry across the globe is segmented into cloud and on-premise segments. Moreover, the cloud segment, which dominated the segmental growth in 2022, is anticipated to record the highest CAGR in the forecast timeline. The segmental growth over the forecast timeframe can be owing to the reduced costs and easy accessibility of documents from distant locations.
On the basis of enterprise size, the enterprise content management market globally is bifurcated into small & medium-sized enterprises and large enterprises segments. Moreover, the large enterprises segment, which accounted for about 45% of the global market share in 2022, is predicted to establish its leadership position even in the ensuing years. The segmental surge can be ascribed to surging investments in digital marketing solutions leading to humongous demand for ECM tools in large enterprises.
Based on the industry vertical, the enterprise content management (ECM) industry globally is sectored into BFSI, government, IT & telecom, consumer goods & retail, healthcare & life sciences, and transportation & logistics segments. Moreover, the healthcare & life sciences segment, which accounted for a lucrative share of the global market in 2022, is predicted to register the highest gains in the near future. The segmental expansion can be credited to the increase in acceptance of eCommerce & cloud computing tools in the healthcare & life sciences segment.
Regional Overview:
Furthermore, the North American enterprise content management (ECM) industry, which contributed nearly 60% of the global market share in 2022, is predicted to witness noteworthy growth in the forecast timeline. The factors that are anticipated to measure the growth of the regional market include the presence of giant players in the region along with large-scale use of enterprise content management (ECM) tools in government as well as BFSI sectors in the countries such as Canada and the U.S.
Moreover, the Asia-Pacific market is expected to record the highest CAGR over the upcoming years. The segmental expansion can be credited to the increment in demand for ECM tools in small & big firms located in the countries such as India, China, and Japan. Furthermore, thriving e-commerce and online retail activities as well as the flourishing software & IT industry will contribute remarkably towards the regional market size.
Report Scope
Report Attribute |
Details |
Market Size in 2022 |
USD 11.04 Billion |
Projected Market Size in 2030 |
USD 30.07 Billion |
CAGR Growth Rate |
14.4% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Xerox Corporation, Epicor Software Corporation, Laserfiche, OpenText Corporation, Adobe Inc., M-files Corporation, Datamatics Global Services Limited, Kyocera Corporation, Ascend Software, Docuware Corporation, and others. |
Key Segment |
By Solutions, Deployment, Enterprise Size, Industry Vertical, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape:
Key players in the global enterprise content management (ECM) market include Xerox Corporation, Epicor Software Corporation, Laserfiche, OpenText Corporation, Adobe Inc., M-files Corporation, Datamatics Global Services Limited, Kyocera Corporation, Ascend Software, and Docuware Corporation.
Recent Developments:
- In the first half of 2021, Hyland Software Inc., a key player in the enterprise content management industry, introduced new products such as the content composer foundation, content foundation enhancement pack, and Brainware foundation. The strategic move is likely to embellish the demand for ECM software across a slew of industries globally.
- In the first quarter of 2023, Newgen Software, a key provider of low code-driven online transformation tools, announced the launch of Newgen OmniDocs Connector, an enterprise content management (ECM) solution, on its cloud market space. The initiative will enlarge the scope of demand for ECM solutions in the software industry.
- In the second half of 2019, Datamatics Global Services Limited, an Indian firm providing IT, data management, consulting, and business process management solutions, acquired CIGNEX Global Holding Corporation, a major SAP connect service provider. The move is predicted to increase the presence of the firm in the U.S., India, and Singapore.
The global enterprise content management (ECM) market is segmented as follows:
By Solutions
By Deployment
By Enterprise Size
By Industry Vertical
- BFSI
- IT & Telecom
- Healthcare & Life Sciences
- Consumer Goods & Retail
- Government
- Transportation & Logistics
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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