Opportunities for cloud-based solutions surge as businesses move to the cloud amid pandemic

company logo

company logo

Global Market for Cloud Enterprise Content Management

Global Market for Cloud Enterprise Content Management

Global Market for Cloud Enterprise Content Management

DUBLIN, June 1, 2022 (GLOBE NEWSWIRE) — “Cloud Enterprise Content Management – Global Market Trajectory and Analysis” report added to ResearchAndMarkets.com’s supply.

Global cloud enterprise content management market to reach $97 billion by 2026

Amid the COVID-19 crisis, the global market for cloud enterprise content management was estimated at USD 18.7 billion in 2020 and is expected to reach a revised size of USD 97 billion by 2026, growing at a CAGR of 30.7% during the analysis period .

Cloud-based enterprise content management (ECM) is expected to gain considerable momentum in the coming years due to the growing need to manage and manage rapidly growing content volumes. While the content generated globally is doubling every three months, approximately 80% of the content knowledge workers need to leverage to generate revenue and achieve business goals is still unstructured. The astonishing growth of unstructured data provides a major driver for the cloud-based ECM market.

Document management, one of the segments analyzed in the report, is expected to grow at a CAGR of 28.4% to reach $23.3 billion by the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, growth in the Workflow Management segment was rescaled to a revised 36.2% CAGR for the next seven-year period.

The U.S. market is expected to reach $10.6 billion in 2021, while China is expected to reach $9.4 billion by 2026

The U.S. cloud enterprise content management market is estimated at USD 10.6 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of USD 9.4 billion by 2026, growing at a CAGR of 37.5% during the analysis period.

Other notable geographic markets include Japan and Canada, which are projected to grow by 27.9% and 28.8%, respectively, during 2020-2027. In Europe, Germany is expected to grow at a CAGR of around 28.2%. Companies in both developing and developed markets are stepping up their adoption of cloud-based ECM to reduce the time spent on document management and increase efficiency and productivity.

The transition to the cloud enables organizations to leverage an always-accessible platform and sophisticated resources to drive innovation and help employees process documents in an efficient manner. Because cloud-based ECM allows employees to stay connected and collaborate from anywhere, they can quickly complete workloads, resulting in faster time to market.

Content management segment to reach $17.1 billion by 2026

AI is increasingly being used in content management systems to process and analyze various forms of content. AI is applied to enterprise content management systems in many different ways, including content security, enterprise search, robotic process automation, and chatbots. Enriching content management systems with AI helps users quickly identify needed information using data mining capabilities. AI can also make a significant contribution in securing content.

In the global content management segment, the U.S., Canada, Japan, China and Europe will drive a CAGR of 34.2% for the segment. The combined market size of these regions in 2020 is USD 2.3 billion.

China will remain one of the fastest growing countries in this regional market cluster. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $1.1 billion by 2026.

Key topics covered:

1. Methodology

2. Executive Summary

1. Market overview

  • Influencer Market Insights

  • world market trajectory

  • Cloud Enterprise Content Management – Global Key Competitors Market Share %(E) in 2022

  • Competitive Market Presence – Strong/Active/Niche/Insignificant (E) of Global Players in 2022

  • Cloud computing becomes the only bright spot in the crisis

  • 2019 vs 2020 Trend Impact Scores Driving Public Cloud Engagement

  • Opportunities for cloud-based solutions surge as businesses move to the cloud amid pandemic

  • What is Enterprise Content Management (ECM)? & What are the unique advantages of Cloud ECM

  • Recent market activity

2. Focus on Featured Players (418 featured in total)

  • open air software company

  • ASG technology

  • box company

  • Docuware Ltd.

  • Epicor Software Corporation

  • Everteam Software

  • Fabsoft Software Corporation

  • Hyland Software Corporation

  • IBM Corporation

  • laser film

  • Lexmark International

  • M-Files Inc.

  • Micro strategy company

  • Microsoft Corporation

  • Xinchuang Software Technology Co., Ltd.

  • Nuxeo

  • target company

  • open text corp.

  • Oracle Corporation

  • SERgroup Holdings International Limited

  • Xerox Holdings

3. Market trends and drivers

  • Cloud ECM winds up as COVID-19 accelerates digital transformation

  • COVID-19 has created an environment where digital transformation equals survival

  • Here’s how content clutter is the biggest barrier to successful digital transformation

  • The Connected Enterprise Remains the Cornerstone of Market Growth

  • Journey to the Connected Enterprise Presents Powerful Opportunities for ECM

  • Pandemic-induced acceleration of WFM model, ECM converging with enterprise mobility goals

  • Accelerated Mobility in Pandemic Drives Convergence of ECM and Mobility Solutions

  • Big Data Overload Accelerates Content Chaos Challenge

  • Why is now the time to move beyond content clutter?

  • Information governance is the first step to harnessing the value of big data: the amount of data (measured in Zettabytes) generated, stored, and used globally

  • The growing role of artificial intelligence (AI) in content management systems

  • The use of ECM in the logistics and transportation industry: a review

  • Convergence of IoT, Augmented Reality and ECM: Key Trends

  • Expanding usage in key end-use markets to drive market growth

4. Global Market Perspective

3. Regional market analysis

Four.competition

For more information on this report, please visit https://www.researchandmarkets.com/r/nzlg6a

appendix

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900