Enterprise content management involves gathering, storage and utilization of documents, web content, and digital assets. The entire solution has a set of tools that are used to manage, capture, preserve, store and process the information related to business processes. The global enterprise content management market has been classified into five geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.
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The enterprise content management market in Europe is witnessing growing adoption in 2019 and currently holding the second largest market share globally. The growth in this market is mainly due to changing government regulations in European region. This creates compliance challenges among enterprises as they have to adhere to lot of regulations such as HIPAA. Hence, organizations are adopting enterprise content management in order to enforce and implement information governance policies faster.
In Asia Pacific, growth of connected devices and adoption of SaaS-Based Solution are expected to drive regional enterprise content management market over the forecast period. Organizations want to adopt content management application without investing in infrastructure. This has led to demand for SaaS based model especially in medium and small scale business. SaaS-based ECM solution provides all the benefits as that of on premise ECM solutions in a hassle-free environment.
In Middle East and Africa (MEA), global market players are increasing their investments in order to expand their physical presence. Growth in digital content across enterprises is driving the growth of enterprise content management solutions during the forecast period.
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Various market players are launching technologically advanced solutions to sustain their market share. Leading players are currently focusing on providing cloud based solution due to advantages of storage availability and real-time & remote access on cloud based platform. The key players profiled in the global enterprise content management market include
- Alfresco Software, Inc.;
- Capgemini S.A.
- Datamatics Global Services Ltd.
- EMC Corporation,
- Hyland Software, Inc.
- IBM Corporation,
- Laserfiche, M-files Inc
- Newgen Software, Inc.
- OpenText Corp.
- Pennywise Solutions Private Ltd.
- SAP SE, Systemware, Inc.,
- ta Consultancy Services.