Blockchain Press Releases
Emerging Trends in Enterprise Content Management Market size is expected to reach USD 30.07 billion by 2030, Registering a promising CAGR of 14.4% during forecast period 2023 to 2030 | A Comprehensive Report by Facts & Factor
NEW YORK, June 26, 2023 /PRNewswire/ — As per Facts and Factors study, the global enterprise content management (ECM) market size was nearly $11.04 billion in 2022 and is predicted to surge to about $30.07 billion by 2030 along with garnering the highest growth rate of 14.4% from 2023 to 2030.
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Enterprise Content Management Market: Overview
Enterprise Content Management (ECM) has become more complex in recent years. It helps in preventing data violations and financial fraud with government laws aiding them in preventing these violations & frauds. Firms are also required to effectively manage content by integrating ECM tools with business intelligence tools. Technological breakthroughs are making the use of enterprise content management (ECM) tools more significant. Breakthroughs in machine learning algorithms, smartphone technology, and cloud computing will steer the demand for enterprise content management (ECM) tools across the globe.
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Key Insights:
- As per the analysis shared by our research analyst, the global enterprise content management (ECM) market is predicted to expand annually at the annual growth rate of around 14.4% over the forecast timespan (2023-2030)
- In terms of revenue, the global enterprise content management (ECM) market size was evaluated at nearly $11.04 billion in 2022 and is expected to reach $30.07 billion by 2030.
- The global enterprise content management market is anticipated to record massive growth over the forecast period owing to a rise in construction activities and growing renewable energy trends.
- Based on solutions, the web content management segment is predicted to contribute majorly towards the global market share over the forecast timeline.
- In terms of enterprises, the large enterprises segment is expected to account for a major share of the global market in 2023-2030.
- On the basis of deployment, the cloud segment is set to register the fastest CAGR over the period from 2023 to 2030.
- Based on the industry vertical, the healthcare & life sciences segment is predicted to record massive growth over the forecast period.
- Region-wise, the Asia-Pacific enterprise content management (ECM) market is set to register the highest CAGR during the assessment period.
Facts and Factors published the latest report titled “Enterprise Content Management (ECM) Market Size, Share, Growth Analysis Report By Solutions (Document Management, eDiscovery, Web Content Management, and Digital Asset Management), By Deployment (Cloud and On-Premise), By Enterprise Size (SMEs and Large Enterprises), By Industry Vertical (BFSI, IT & Telecom, Healthcare & Life Sciences, Consumer Goods & Retail, Government, and Transportation & Logistics), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030″ into their research database.
Industry Dynamics:
Global Enterprise Content Management Market: Growth Drivers
- Growing penetration of ECM software in various sectors will steer the global market surge by 2030.
Growing demand for handling big data generated across a slew of organizations with extensive geographic presence and a rising consumer base is anticipated to boost the global enterprise content management market trends. The massive need for regulating content management services for improving their functionality is predicted to boost global market growth. Firms are investing in ECM tools for incorporating compliance requirements, reducing risks, and enhancing efficiency apart from ensuring the integrity of content assets. The move will boost the expansion of the global market.
Nevertheless, a rise in preliminary investment costs can put brakes on the expansion of the enterprise content management industry across the globe. Giant firms produce big unstructured data and processing this data needs huge costs. This, in turn, will inhibit the global industry expansion in the years ahead. Apart from this, the growing demand for AI-driven ECM tools is likely to open new growth avenues for the industry across the globe. This will nullify the negative impact of hindrances on the growth of the global industry.
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Global Enterprise Content Management Market: Segmentation
- The global enterprise content management (ECM) market is divided into solutions, deployment, enterprise size, industry vertical, and region.
The solutions segment of the enterprise content management (ECM) market is sub-segmented into document management, eDiscovery, web content management, and digital asset management segments. Furthermore, the document management segment, which amassed majorly towards the global market share in 2022, is set to register the highest CAGR over the assessment period. The growth of the segment in the coming years can be owing to low document loss & efficient document maintenance costs translating into huge demand for ECM solutions.
In terms of deployment, the enterprise content management industry across the globe is segmented into cloud and on-premise segments. Moreover, the cloud segment, which dominated the segmental growth in 2022, is anticipated to record the highest CAGR in the forecast timeline. The segmental growth over the forecast timeframe can be owing to the reduced costs and easy accessibility of documents from distant locations.
On the basis of enterprise size, the enterprise content management market globally is bifurcated into small & medium-sized enterprises and large enterprises segments. Moreover, the large enterprises segment, which accounted for about 45% of the global market share in 2022, is predicted to establish its leadership position even in the ensuing years. The segmental surge can be ascribed to surging investments in digital marketing solutions leading to humongous demand for ECM tools in large enterprises.
Based on the industry vertical, the enterprise content management (ECM) industry globally is sectored into BFSI, government, IT & telecom, consumer goods & retail, healthcare & life sciences, and transportation & logistics segments. Moreover, the healthcare & life sciences segment, which accounted for a lucrative share of the global market in 2022, is predicted to register the highest gains in the near future. The segmental expansion can be credited to the increase in acceptance of eCommerce & cloud computing tools in the healthcare & life sciences segment.
Recent Developments:
- In the first half of 2021, Hyland Software Inc., a key player in the enterprise content management industry, introduced new products such as the content composer foundation, content foundation enhancement pack, and Brainware foundation. The strategic move is likely to embellish the demand for ECM software across a slew of industries globally.
- In the first quarter of 2023, Newgen Software, a key provider of low code-driven online transformation tools, announced the launch of Newgen OmniDocs Connector, an enterprise content management (ECM) solution, on its cloud market space. The initiative will enlarge the scope of demand for ECM solutions in the software industry.
- In the second half of 2019, Datamatics Global Services Limited, an Indian firm providing IT, data management, consulting, and business process management solutions, acquired CIGNEX Global Holding Corporation, a major SAP connect service provider. The move is predicted to increase the presence of the firm in the U.S., India, and Singapore.
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List of Key Players in Enterprise Content Management Market:
- Xerox Corporation
- Epicor Software Corporation
- Laserfiche
- OpenText Corporation
- Adobe Inc.
- M-files Corporation
- Datamatics Global Services Limited
- Kyocera Corporation
- Ascend Software
- Docuware Corporation
- Others
Key questions answered in this report:
- What are the growth rate forecast and market size for Enterprise Content Management Market?
- What are the key driving factors propelling the Enterprise Content Management Market forward?
- What are the most important companies in the Enterprise Content Management Market Industry?
- What segments does the Enterprise Content Management Market cover?
- How can I receive a free copy of the Enterprise Content Management Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Details |
|
Market size value in 2022 |
USD 11.04 Billion |
|
Revenue forecast in 2030 |
USD 30.07 Billion |
|
Growth Rate |
CAGR of almost 14.4% 2023-2030 |
|
Base Year |
2022 |
|
Historic Years |
2016 – 2021 |
|
Forecast Years |
2023-2030 |
|
Segments Covered |
By Solutions, Deployment, Enterprise Size, Industry Vertical, and Region |
|
Forecast Units |
Value (USD Billion), and Volume (Units) |
|
Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2030 |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
|
Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
|
Companies Covered |
Xerox Corporation, Epicor Software Corporation, Laserfiche, OpenText Corporation, Adobe Inc., M-files Corporation, Datamatics Global Services Limited, Kyocera Corporation, Ascend Software, Docuware Corporation, and others. |
|
Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
|
Customization Scope |
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Regional Dominance:
- North American Enterprise Content Management (ECM) market to accrue huge revenue gains over the forecast period.
North America, which garnered more than three-fifths of the global enterprise content management (ECM) market revenue in 2022, is anticipated to accrue massive revenue during the forecast timeline. The regional market expansion over 2023-2030 can be subject to a surge in investment in ECM software by BFSI and government sectors in the countries such as Canada and the U.S.
Furthermore, growing penetration of ECM software in various end-use sectors with favorable initiatives will proliferate the regional market size. The presence of giant players in the sub-continent will further drive regional market trends.
Furthermore, the Asia-Pacific enterprise content management (ECM) industry is predicted to register the highest CAGR over the anticipated timeline. The factors that are likely to measure the expansion of the regional market are the large-scale use of enterprise content management (ECM) tools in small & medium-sized firms in the countries such as India, Indonesia, Japan, Taiwan, Malaysia, and Singapore.
Global Enterprise Content Management Market is segmented as follows:
Enterprise Content Management Market: By Solutions Outlook (2023-2030)
- Document Management
- eDiscovery
- Web Content Management
- Digital Asset Management
Enterprise Content Management Market: By Deployment Outlook (2023-2030)
- Cloud
- On-Premise
Enterprise Content Management Market: By Enterprise Size Outlook (2023-2030)
- SMEs
- Large Enterprises
Enterprise Content Management Market: By Industry Vertical Outlook (2023-2030)
- BFSI
- IT & Telecom
- Healthcare & Life Sciences
- Consumer Goods & Retail
- Government
- Transportation & Logistics
Enterprise Content Management Market: By Region Outlook (2023-2030)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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Browse Other Related Research Reports from Facts and Factors
- Enterprise Content Management Market: According to the report published by Facts & Factors, the global Enterprise Content Management market size was evaluated at $94 billion in 2022 and is slated to hit $133 billion by the end of 2030 with a CAGR of nearly 5.1% between 2023 and 2030.
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- Speech and Voice Recognition Market: According to the report published by Facts & Factors, the global speech and voice recognition market size was evaluated at $17.18 billion in 2022 and is slated to hit $54.70 billion by the end of 2030 with a CAGR of nearly 14.10% between 2023 and 2030.
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Browse through Facts and Factors’s coverage of the Global Technology & Media Industry
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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain Press Releases
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.
The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.
Sustainable Innovation Summit: A Hackathon for Social Impact
Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.
Rising Stars
In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.
Winners for the 17 SDGs Challenge:
- 1st Place: Grand Social Impact Award 🥇 EthicHub
- 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
- 3rd Place: Emerging Impact Award 🥉 ResearchHub
Rising Star Awards (top 10 projects, in no specific order):
- Wavy Health
- LAKE (LAK3)
- KulaDAO
- erable°
- arkreen
- UCO Network
- Edu3Labs
Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good
Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.
Each category highlights individual efforts aligning with BGA’s mission.
The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:
- Harn, CEO of Trigger Asset Management
- Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting
The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:
- BreeAnne Yek, Consultant at The Verdant Room
- Milica Dimitrijevic from Positiveblockchain.io
These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.
In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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