About Cloud Enterprise Content Management
The increasing uptake of cloud computing has added a substantial pace to the growth of the global cloud enterprise content management market. Enterprise content management (ECM) solutions empower an organization to take full advantage of the customer information and the company knowledge embedded in its content. ECM solutions capture, store, activate, analyze, and automate business content, by providing new value from data, which was previously unstructured and unavailable. However, increasing uptake of cloud computing technology and the rising trend of enterprise mobility are driving the growth of the market. Internet breakdown and bandwidth limitations are hindering the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 18.62% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud Enterprise Content Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), Oracle Corporation (United States), Xerox Corporation (United States), Hewlett Packard Enterprise (United States), IBM Corporation (United States), Alfresco Software, Inc. (United States), ASG Technologies (United States), Box, Inc. (United States), Docuware (Germany) and Epicor Software Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Everteam (France), Fabsoft Software, Inc. (United States), Hyland Software, Inc. (United States), Laserfiche (United States), Lexmark International, Inc. (United States), MaxxVault LLC (United States), M-Files Corporation (United States), Micro Strategies Inc. (United States), Newgen Software Inc.(India), Nuxeo (United States), Objective Corporation (Australia), OpenText orporation (Canada) and SER Group (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Cloud Enterprise Content Management market by and Region.
On the basis of geography, the market of Cloud Enterprise Content Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Public cloud will boost the Cloud Enterprise Content Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Cloud Enterprise Content Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Document Management will boost the Cloud Enterprise Content Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Cloud Enterprise Content Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Professional Services will boost the Cloud Enterprise Content Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Exponential Growth in Digital Content Across Enterprises and Easier Access From Remote End-Points
Market Growth Drivers:
Need for Regulatory Compliance and Protection of Enterprise Data Against Disaster
Challenges:
Data Migration From Legacy Systems to Cloud-Based Ecm
Restraints:
The rise in Security and Privacy Concerns Among Enterprises
Opportunities:
Increasing Adoption of Cloud Analytics and Increased Inclination Toward End-To-End Cross-Platform Solutions
Market Leaders and their expansionary development strategies
On 5th June 2019, Microsoft Corp. and Oracle Corp. announced a cloud interoperability partnership enabling customers to migrate and run mission-critical enterprise workloads across Microsoft Azure and Oracle Cloud. Enterprises can now seamlessly connect Azure services, like Analytics and AI, to Oracle Cloud services, like Autonomous Database. By enabling customers to run one part of a workload within Azure and another part of the same workload within the Oracle Cloud, the partnership delivers a highly-optimized, best-of-both-clouds experience.
On 15th January 2019, Alfresco, a leading enterprise open source provider of process automation, content management and information governance software and Tech Mahindra, a digital transformation, consulting and re-engineering specialist, announced the extension of their global partnership and the development of new solution frameworks built on the Alfresco Digital Business Platform to meet the needs of today’s digital customer by simplifying content creation, access, sharing, and review
Key Target Audience
Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.