Enterprise content management systems are witnessing increased adoption in the developed and the developing regions, owing to technological innovations in product offerings, rise in need to improve performance & operational efficiency, surge in demand for analytical solutions, and increase in application areas among end users. Furthermore, factors such as growth associated with IoT, increase in use of digital content management, and rise in demand for enterprise information management are expected to provide numerous growth opportunities. However, dearth of trained professionals is expected to restrict the growth of the market during the forecast period.
Key industry players such as – Microsoft Corporation, Oracle Corporation, Hyland Software, Inc., Xerox Corporation, OpenText Corporation, Alfresco Software, Inc., Lexmark International, Inc., M-Files Inc., Adobe Systems Incorporated, and Fabasoft.
The global enterprise content management system market was valued at $28,165 million in 2016, and is projected to reach at $94,094 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023.
The cloud segment dominated the enterprise content management system market in 2016, with around 73% revenue share. This is attributed to the improved IT infrastructure and increased cloud-related expenditures.
The BFSI segment dominated the global enterprise content management system market, with around 22% share in 2016, followed by BFSI segment. Furthermore, IT & telecom sector segment is estimated to grow at the highest CAGR of 21.7%, owing to widespread adoption of advanced solutions and increased IT spending.
Download Sample Report (Get Full Insights in PDF – 200 Pages) at:
https://www.alliedmarketresearch.com/request-sample/3382
North America was the highest revenue contributor in 2016, accounting for around 42% share. Asia-Pacific is projected to grow at the highest CAGR of 23.1% during the forecast period.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3382
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.