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Enterprise Content Management Market Size
- Report ID: GMI7147
- Published Date: Oct 2023
- Report Format: PDF
Enterprise Content Management Market Size
Enterprise Content Management Market size was valued at USD 22 billion in 2022 and is estimated to register a CAGR of over 10% between 2023 and 2032. The adoption of cloud-based ECM solutions could continue to rise. Many organizations are shifting from on-premises ECM systems to cloud-based alternatives due to flexibility, scalability, and cost-effectiveness they offer. Cloud ECM solutions also facilitate remote access and collaboration, which has become more crucial in the context of a remote and distributed workforce.
To that end, in May 2023, Newgen Software, a leading global provider of a digital transformation platform based on low-code technology, unveiled the Newgen OmniDocs Connector on the Salesforce AppExchange. This integration empowers customers to maximize the value of their Salesforce investments. The Newgen OmniDocs Contextual Content Services Platform seamlessly integrates with Salesforce Sales Cloud, enabling users to efficiently handle, govern, collaborate on, and leverage their organization's content. More innovations and efforts in this regard will help strengthen the ECM market outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Enterprise Content Management Market Size in 2022: | USD 22 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 56.1 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 349 |
| Segments covered: | Component, Deployment, Enterprise Size, Industry Vertical |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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With employees, as well as employers, rapidly inclining toward remote work, companies are looking for solutions that enable employees to access, share, and collaborate on documents and data from anywhere, securely, and efficiently, accelerating enterprise content management market growth. However, data privacy and security concerns may drive down industry growth in the long run. With the increasing focus on data privacy and cybersecurity, organizations are cautious about how they handle sensitive content. ECM systems are expected to be highly secure and compliant with various data protection regulations. Achieving this level of security and compliance can be a challenge for some organizations, and the fear of data breaches or non-compliance can limit the adoption of ECM solutions.
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Enterprise Content Management Market Scope
