Enterprise Content Management Software Market Trends, Demand and Business Opportunities 2024

The global enterprise content management software market is driven by the increasingly diversifying content generation methods and the rising demand for efficient and well-developed content management protocols.

According to the latest report by IMARC Group, titled “Enterprise Content Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global enterprise content management software market has been experiencing robust growth during 2013-2018. Enterprise content management (ECM) software refers to a program that is designed to manage unstructured data or information for optimized business workflow. It enables automated and systematic supervision of emails, reports, files, web pages, scanned documents, and records. This helps the companies in maintaining smooth coordination among employees, thereby improving the use of the existing content within several processes. Owing to these benefits, ECM software is widely implemented in contract management, governmental administration, commercial supply chains and various HR processes.
Global Enterprise Content Management Software Market Trends:
The growing concerns among several enterprises regarding data protection and confidentiality have increased the adoption of ECM software. As a result, several companies are opting for this software for efficient distribution of work among the employees. This makes different functional processes traceable and also enhances the alignment of on-going tasks. Also, the increasing utilization of the user’s social media output provides diverse data formats that help in understanding different customer behavior patterns. Owing to this, various financial institutions have switched to ECM software to attain short-term revenue objectives quickly by analyzing and improving customer experiences on digital platforms. Moreover, the rising integration of ECM software with tablets and smartphones has enabled organizations to easily access and collaborate content and business documents, irrespective of the time and place. Besides this, the increasing technological advancements have augmented the influx of cloud-based ECM services that provide flexible, cost-effective and easily manageable internet-based resource facilities. Apart from this, due to rapid modernization has led to an increase in the integration of functional business units during merger and acquisition, which fuels the need for a methodical content management system such as ECM software. Looking forward, IMARC Group expects the market to expand at a CAGR of 12% during 2019-2024.
Key Insights from the Report:
Breakup by Deployment Model
1. On-Premises
2. Cloud-Based
Based on the deployment model, the market has been segmented as on-premises and cloud-based ECM software.
Breakup by Component Type
1. Document Management System (DMS)
2. Web Content Management (WCM)
3. Document-Centric Collaboration (DCC)
4. Records Management
5. Document Imaging
6. Business Process Management (BPM)
7. Others

On the basis of the component, the market has been categorized into document management system (DMS), web content management (WCM), document-centric collaboration (DCC), records management, document imaging, business process management (BPM) and others.
Breakup by Service
1. Professional
2. Managed
The market has been bifurcated based on the service into professional and managed services.
Breakup by Enterprise
1. Small and Medium Enterprise
2. Large Enterprise
Based on the enterprise, the market has been classified into small and medium, and large enterprises.
Breakup by End-Use Industry
1. Telecom and IT
2. Banking Financial Services and Insurance (BFSI)
3. Retail
4. Education
5. Manufacturing
6. Media and Entertainment
7. Government
8. Healthcare
9. Others
On the basis of the end use industry, the market has been segregated into telecom and IT, banking, financial services and insurance (BFSI), retail, education, manufacturing, media and entertainment, government, healthcare and others.
Breakup by Region
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America
Region-wise, the market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape
The competitive landscape of the market has also been examined, with some of the key players being Capgemini SE, Xerox Corporation, OpenText Corporation, IBM Corporation, Oracle Corporation, M-Files Corp., Hyland Software Inc., Epicor Software Corp, Alfresco Software Inc., DocuWare GmbH, Datamatics Global Services Limited, Hewlett Packard Enterprise Company, Microsoft Corporation and Newgen Software Technologies Limited.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal



Global Torque Sensor Market Overview 2020, Demand by Regions, Share and Forecast to 2025

Food Alternative Protein Market Report 2024, Industry Trends, Growth, Size and Forecast Till 2032

India Pub, Bar, Café and Lounge (PBCL) Market Report 2020-2025 | Industry Trends, Market Share, Size, Growth and Opportunities