[August 16, 2018]

Global $71.22 Bn Enterprise Content Management Market Outlook to 2023 - ResearchAndMarkets.com

The "Global Enterprise Content Management Market - Growth, Trend and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

Enterprise Content Management Market was worth USD 30.44 billion in 2017 and is projected to grow to USD 71.22 billion by 2023 at a CAGR of 15.22% over the period 2018-2023.

Enterprise content management (ECM) solutions empower an organization to take the cognizance of the customer information and company knowledge embedded in its content. While content is doubling every 90 days, around 80% of content utilized by knowledge workers for core revenue generation projects is unstructured.

This critical growth of unstructured content is becoming a big restraint for many organizations, particularly for enterprises. Therefore, the number of enterprises that leverage the power of these solutions is on rise.

Moreover, the growth in the digital content across enterprises, easier access from remote end-points, the need for regulatory compliances, and the need for protection of enterprise data against disaster are other major drivers behind the shift from the legacy ECM to the latest ones; such as, cloud based solutions.

Notable Highlights

• Growing Need for Securing Confidential Data and Protection against Data Loss
• Cloud Based Solutions to Show the Highest Growth
• Asia-Pacific to Show the Highest Growth

Key Developments in the Market

• March 2018 - Epicor Software (News - Alert) Corporation announced the latest release of the DocStar Enterprise Content Management solution. It is expected to enhance productivity and responsiveness by providing anytime access to capture, process, retrieve, search, share, and collaborate around documents critical to business transactions.
• September 2017 - Konica Minolta (News - Alert) Business Solutions announced the acquisition of Document Scanning Systems and Imaging, Inc. The acquisition is expected to allow the company to increase its customer base in the west, further fueling its fast-growing ECM business.
• August 2017 - Qualcomm (News - Alert) Technologies, Inc., and Himax Technologies, Inc. announced a collaboration to accelerate the development and commercialization of a high resolution, low power active 3D depth-sensing camera system.

Key Topics Covered

1. Introduction

2.Research Methodology

3. Executive Summary

4. Market Insights

5. Market Segmentation

6. Competitive Intelligence - Company Profiles

• Alfresco Software Inc.
• Box (News - Alert) Inc.
• Docuware GmbH
• Epicor Software Corp.
• Hewlett Packard Enterprise
• IBM Corporation
• Lexmark International Inc.
• Microsoft Corp.
• OpenText Inc.
• Oracle (News - Alert) Corp.
• Xerox Corp.

7. Investment Analysis

8. Future Outlook of the Enterprise Content Management Market

For more information about this report visit https://www.researchandmarkets.com/research/sxs7bz/global_71_22_bn?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180816005577/en/

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