TMCnet News
The global enterprise content management market size is expected to reach USD 93.76 billion by 2025NEW YORK, May 21, 2018 /PRNewswire/ -- Enterprise Content Management (ECM) Market Analysis Report By Component, By Deployment (On-Premise, Cloud), By Organization Type, By Vertical (Communication, Retail, Transportation), And Segment Forecasts, 2018 - 2025 However, vendor dependence and high cost of maintenance are likely to hamper the growth of the market. To overcome this, ECM providers may offer flexibility to enterprises and low-cost maintenance services for gaining credence among organizations. Further key findings from the study suggest: • The services segment is expected to post the highest CAGR of over 17.0% during the forecast period due to growing emphasis on periodic maintenance and employee training to enhance operational efficiencies • Cloud-based ECM provides benefits such as high service level, which will drive the growth of the segment over the forecast period. The segment is anticipated to command more than 60% of the overall market revenue by 2025. • The SME segment is expected to expand at a CAGR of 21.1% over the forecast period owing to reduced data storage costs and security offered by enterprise content management • Transportation & logistics is expected to rise at a CAGR of over 16% over the same period • Latin America is expected to emerge the fastest-growing region over the forecast period as enterprises in this region are shifting towards cloud deployment • Prominent industry participants operating in the market include IBM, Hewlett Packard Enterprise (HPE) Company, M-Files Corporation, and Microsoft Corporation. Read the full report: https://www.reportlinker.com/p05399299 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-global-enterprise-content-management-market-size-is-expected-to-reach-usd-93-76-billion-by-2025--300652002.html SOURCE Reportlinker |