August 8, 2016
DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Enterprise Content Management Market - Global Forecasts and Analysis to 2021" report to their offering.
The Enterprise Content Management (ECM) market size is estimated to grow from USD 28.10 billion in 2016 to USD 66.27 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7% due to exponential data growth, increasing need to manage data in enterprises, high need for securing confidential data and protection against data loss, and increased traction for risk mitigation in content management.
In 2016, the e-discovery solution is expected to dominate the solution segment in the ECM market as it is the most sought after solution which helps the users to preserve electronic information which can be used as digital evidence in litigation issues, and which will also be vital in enhancing the security of the electronic documents and thereby ensuring efficiency of the organizational e-governance performance.
North America is expected to hold the largest market share of the ECM market in 2016 attributing to the large-scale investments in the implementation of ECM solutions due to growth in e-commerce applications and need for better control and visibility mechanisms. APAC is expected to have the highest growth rate during the forecast period due to the increasing technological adoption and wider demand among enterprises for ECM solutions to manage consistent data and induce control and visibility mechanisms in the region.
Companies Mentioned:
- Alfresco Software, Inc.
- EMC Corporation
- Hyland Software, Inc
- International Business Machines (IBM) Corporation
- Key Innovators
- Lexmark International, Inc
- Microsoft Corporation
- Newgen Software Technologies Ltd
- Opentext Corporation
- Oracle Corporation
- Xerox Corporation
Source: http://www.businesswire.com/news/home/20160808005742/en/