Enterprise Content Management Market Trends: Emphasis on Security and Compliance Solutions

The global enterprise content management market size is expected to reach USD 102.01 billion by 2030, according to a study conducted by Grand View Research, Inc., registering a CAGR of 15.1% from 2024 to 2030. Soaring need for securing confidential data is triggering the adoption of enterprise content management (ECM) software. Components of the software include solutions and services such as document management, web content management, records management, document collaboration, and digital rights management. These solutions enable enterprises to reduce their data storage costs and enhance productivity by allowing them to collaborate with employees.

 

In North America, availability of advanced IT infrastructure and presence of prominent IT giants such as IBM and Microsoft Corporation is poised to drive the adoption of enterprise content management software. Latin American and MEA are projected to witness considerable growth over the coming years owing to growing preference of enterprises for cloud and rising need for IT services by the government sector.

 

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.

 

 

Access the Enterprise Content Management Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment (Cloud And On-Premise), By Enterprise Size, By Application, By Region, And Segment Forecasts, 2024 – 2030

 

 

Enterprise Content Management Market Report Highlights

• 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 55.6% % of the overall market revenue by 2030.

 

• The North America enterprise content management market accounted for the largest market revenue share of 41.1% in 2023

 

 

Key Enterprise Content Management Company Insights

Some of the key companies in the enterprise content management market include Microsoft Corporation, IBM Corporation, OpenText Corporation, Hyland Software, Inc., Alfresco Software, Inc., and M-Files Corporation. Organizations are focusing on increasing their customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives.

 

• Microsoft Corporation provides a comprehensive suite of ECM solutions catering to modern businesses’ diverse needs. From document management to collaboration tools to data protection, Microsoft’s offerings empower organizations to manage their digital content while ensuring security and compliance efficiently.

 

• IBM Corporation provides a full range of Enterprise Content Management (ECM) solutions through IBM FileNet. FileNet offers a centralized place to securely store and organize all your business data, such as documents, emails, images, and more.

 

 

Order your free sample copy of “Enterprise Content Management Market Report 2024 – 2030, published by Grand View Research

 

 

Key Enterprise Content Management Companies:

The following are the leading companies in the enterprise content management market. These companies collectively hold the largest market share and dictate industry trends.

 

• Microsoft Corporation
• IBM Corporation
• OpenText Corporation
• Hyland Software, Inc.
• Alfresco Software, Inc.
• M-Files Corporation
• Oracle Corporation
• Box, Inc.
• Laserfiche
• DocuWare Corporation

 

Recent Developments

• In January 2024, Microsoft announced the expansion of its Copilot feature, aiming to bring its full power to more people and businesses. This move signifies Microsoft’s commitment to enhancing productivity and collaboration through innovative AI technologies.

 

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

 

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Grand View Research, Inc.

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