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Cloud Enterprise Content Management - Global Market Trajectory & Analytics

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    Report

  • 150 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804274

Global Cloud Enterprise Content Management Market to Reach $97 Billion by 2026


Cloud-based enterprise content management (ECM) is poised to gather considerable momentum over the coming years as a result of the growing need to govern and manage burgeoning content volumes. While content generated globally is doubling every three months, around 80% of the content that needs to be leveraged by knowledge workers for revenue-generation and for meeting business goals remains unstructured. The staggering growth of the unstructured data is providing a major impetus to the cloud-based ECM market. The increasing transition from legacy towards cloud-based ECM is anticipated to be fueled by increasing amount of digital content and easier access to remote end-points coupled with the need for regulatory compliance and safeguard business-critical information. The shift toward cloud-based ECM is slated to help organizations in reaping the advantages of the next-generation platform while exploiting the content in a meaningful way. Amid the COVID-19 crisis, the global market for Cloud Enterprise Content Management estimated at US$32.6 Billion in the year 2022, is projected to reach a revised size of US$97 Billion by 2026, growing at a CAGR of 30.7% over the analysis period. Document Management, one of the segments analyzed in the report, is projected to record a 28.4% CAGR and reach US$23.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Workflow Management segment is readjusted to a revised 36.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $14.1 Billion in 2022, While China is Forecast to Reach $9.4 Billion by 2026


The Cloud Enterprise Content Management market in the U.S. is estimated at US$14.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.4 Billion by the year 2026 trailing a CAGR of 37.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.9% and 28.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 28.2% CAGR. Companies in developing and developed markets alike are stepping up adoption of cloud based ECM to reduce the time spent for document management and boost 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 in processing documents in an efficient manner. As cloud-based ECM allows employees to stay connected and collaborate from anywhere, they can complete workloads quickly for faster time-to-market.

Content Management Segment to Reach $17.1 Billion by the Year 2026


AI is increasingly being utilized in content management systems for processing as well as analysis of content in various forms. AI is employed in enterprise content management systems in several different ways, including content security, enterprise search, robotic process automation, and chatbots. Enriching content management systems with AI helps users in quickly identifying required information using data mining capabilities. AI can also contribute significantly in terms of securing content. In the global Content Management segment, USA, Canada, Japan, China and Europe will drive the 34.2% CAGR estimated for this segment. These regional account for a combined market size of US$2.3 Billion. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2026.

Select Competitors (Total 418 Featured):

  • Alfresco Software, Inc.
  • ASG Technologies
  • Box, Inc
  • Docuware GmbH
  • Epicor Software Corporation
  • Everteam Software
  • Fabsoft Software, Inc
  • Hyland Software, Inc
  • IBM Corporation
  • Laserfiche
  • Lexmark International, Inc
  • M-Files Corporation
  • Micro Strategies Inc
  • Microsoft Corporation
  • Newgen Software Technologies Limited
  • Nuxeo
  • Objective Corporation
  • OpenText Corporation
  • Oracle Corporation
  • SERgroup Holding International GmbH
  • Xerox Holdings Corporation

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Cloud Enterprise Content Management

What is the estimated value of the Global Market for Cloud Enterprise Content Management?

The Global Market for Cloud Enterprise Content Management was estimated to be valued at $32.6 Billion in 2022.

What is the growth rate of the Global Market for Cloud Enterprise Content Management?

The growth rate of the Global Market for Cloud Enterprise Content Management is 31.3%, with an estimated value of $97 Billion by 2026.

What is the forecasted size of the Global Market for Cloud Enterprise Content Management?

The Global Market for Cloud Enterprise Content Management is estimated to be worth $97 Billion by 2026.

Who are the key companies in the Global Market for Cloud Enterprise Content Management?

Key companies in the Global Market for Cloud Enterprise Content Management include Alfresco Software, Inc., ASG Technologies, Box, Inc, Docuware GmbH, Epicor Software Corporation, Everteam Software, Fabsoft Software, Inc, Hyland Software, Inc and Laserfiche.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Cloud Enterprise Content Management - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • As 2020 Draws to a Close, It Has Been a Year of Astounding Disruption & Unbelievable Transformation
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Will The Arrival of Vaccines Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
  • How the IT Industry Has Been Impacted by the Pandemic & What’s the New Normal?
  • Cloud Computing Emerges as the Lone Bright Spot Amidst the Crisis
  • Impact Score of Trends Driving Public Cloud Engagement 2019 VS 2020
  • With Enterprises Moving to the Cloud Amid the Pandemic, Opportunity for Cloud Based Solutions Explodes: Global Public Cloud Services Market (In US$ Billion) for the Years 2019, 2020 & 2021
  • What is Enterprise Content Management (ECM)? & What Are the Unique Benefits of Cloud ECM
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Unexpected Windfall Gains for Cloud ECM as COVID-19 Accelerates Digital Transformation
  • COVID-19 Has Created an Environment Where Digital Transformation Equals Survival: Global Digital Transformation Spending (In US$ Billion) for Years 2017 Through 2023
  • Here’s How Content Chaos Can Be Biggest Barrier to Successful Digital Transformation
  • Connected Enterprises Remain the Cornerstone for Growth in the Market
  • The Journey Towards Connected Enterprises Offers Robust Opportunities for ECM: Global Connected Enterprise Market (In US$ Billion) for the Years 2020, 2022 and 2024
  • Accelerated by Pandemic Induced WFM Models, ECM Converges With Enterprise Mobility Goals
  • Accelerated Mobility Amid the Pandemic Spurs Convergence of ECM With Mobility Solutions: WFM Employees as a % of the Total Workforce
  • Big Data Overload Accelerates The Content Chaos Challenge
  • Why Now is the Time to Outthink Content Chaos?
  • Information Governance is the First Step in Leveraging the Value of Big Data: Volume of Data Generated, Stored & Consumed Worldwide (In Zettabytes)
  • Role of Artificial Intelligence (AI) in Content Management Systems Grows Bigger
  • Use of ECM in the Logistics & Transportation Industry: A Review
  • IoT, Augmented Reality Convergence With ECM: A Major Trend
  • Expanding Use in Key End-Use Markets Drives Market Growth
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Cloud Enterprise Content Management Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 418

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alfresco Software, Inc.
  • ASG Technologies
  • Box, Inc
  • Docuware GmbH
  • Epicor Software Corporation
  • Everteam Software
  • Fabsoft Software, Inc
  • Hyland Software, Inc
  • IBM Corporation
  • Laserfiche
  • Lexmark International, Inc
  • M-Files Corporation
  • Micro Strategies Inc
  • Microsoft Corporation
  • Newgen Software Technologies Limited
  • Nuxeo
  • Objective Corporation
  • OpenText Corporation
  • Oracle Corporation
  • SERgroup Holding International GmbH
  • Xerox Holdings Corporation