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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

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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:

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  • 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

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Revenue forecast in 2030

USD 30.07 Billion

Growth Rate

CAGR of almost 14.4% 2023-2030

Base Year

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2022

Historic Years

2016 – 2021

Forecast Years

2023-2030

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Segments Covered

By Solutions, Deployment, Enterprise Size, Industry Vertical, and Region

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

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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

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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:

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  • 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

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  • 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.
  • Industrial Robotics Market: According to the report published by Facts & Factors, the global industrial robotics market size was evaluated at $27.11 billion in 2022 and is slated to hit $60.57 billion by the end of 2030 with a CAGR of nearly 10.7% between 2023 and 2030.
  • Mobile Gaming Market: According to the report published by Facts & Factors, the global mobile gaming market size was worth around USD 108.15 billion in 2022 and is predicted to grow to around USD 339.45 billion by 2030 with a compound annual growth rate (CAGR) of roughly 13.55% between 2023 and 2030.
  • 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.
  • SCADA Market: According to the report published by Facts & Factors, the global SCADA market size was evaluated at $9.9 billion in 2022 and is slated to hit $16.3 billion by the end of 2030 with a CAGR of nearly 7.9% between 2023 and 2030.

Browse through Facts and Factors’s coverage of the Global Technology & Media Industry

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About Us

Facts and Factors is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, and company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Blockchain Press Releases

KuCoin Introduces Omnibus Account Structure to Enhance Liquidity for Brokerage Partners

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VICTORIA, Seychelles, July 19, 2024 /PRNewswire/ — July 23, 2024 – KuCoin, a leading cryptocurrency exchange, is pleased to announce a significant enhancement to its Broker Program, designed to cater to liquidity-seeking partners. This upgraded program enables participants to leverage KuCoin’s superior liquidity and diverse asset offerings across both Spot and Futures markets. With this enhancement, participants can now benefit from KuCoin’s top-tier liquidity, high-revenue shares, unlimited sub-accounts, and independent deposit addresses, allowing for functional flexibility and maintaining their own client management powers.

“Our new brokerage infrastructure is suitable for multiple types of institutional partners, such as crypto exchanges, execution terminals, layer 2 aggregators, OTCs, and traditional financial service providers venturing into crypto,” said Anton Starchenko, Director of Institution Business Development of KuCoin. 

“This upgrade demonstrates our commitment to providing our partners with the tools they need to succeed in the rapidly evolving crypto market.”

By joining the KuCoin brokerage service, brokers gain access to one main broker account with unlimited sub-accounts. Each sub-account features an exclusive deposit address, serving as a wallet to separate funds and trades. Additionally, each sub-account undergoes independent risk checks. These ongoing risk and compliance measures bolster KuCoin’s commitment to protecting partner interests. Broker accounts are subject to separate fee structures, while the broker receives a combined commission based on the cumulative volume across all accounts.

As a leading platform in the cryptocurrency industry, KuCoin is dedicated to providing top-notch security and reliability. The platform employs state-of-the-art security measures, including advanced encryption protocols, multi-factor authentication, and real-time monitoring systems to ensure the safety of users’ assets. KuCoin’s unwavering focus on security and innovation has solidified its reputation as a trusted and forward-thinking exchange in the global crypto market.

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For more information about the KuCoin Broker Program and the new omnibus account structure, please visit KuCoin’s official website.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/ .

Contact Us to Join

Telegram: @KuCoin_Broker

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Blockchain Press Releases

Bybit Launches Block Merchant Program, Offering Up to 3,000 USDT in Rewards

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DUBAI, UAE, July 19, 2024 /PRNewswire/ — Bybit, the world’s second-largest web3 platform by trading volume, announced the launch of its Block Merchant program, designed to empower users to maximize their earnings while buying or selling cryptocurrencies. Through this exciting initiative, Bybit aims to recognize and reward the valuable contributions of its P2P users.

By becoming a Bybit Block Merchant, users can unlock a range of exclusive benefits, including:

  • Lucrative USDT Merchant Rewards: Earn substantial rewards for buying or selling crypto.
  • Enhanced Visibility: Enjoy a prominent position on the platform with a special diamond label and higher priority than Bybit Verified Advertisers.
  • Increased Transaction Limits: Process larger transaction volumes with a single order limit raised to 200,000 USDT.
  • Priority Ad Ranking: Achieve top-tier visibility among advertisers under similar conditions.
  • Swift Appeal Resolution: Benefit from expedited customer service support for any issues.

Bybit is committed to providing its users with exceptional trading experiences and opportunities to thrive in the dynamic cryptocurrency market. The Block Merchant program reflects our commitment, offering users a chance to boost their income while contributing to the growth of the Bybit P2P ecosystem.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 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.

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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
For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Hata obtains full approval from the Securities Commission of Malaysia Launches 30% revenue sharing model on its USD crypto exchange

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  • Hata obtains full approval from the Securities Commission of Malaysia and launched its exchange
  • Support USD onramp and offramp
  • Rolled out affiliate programme, sharing 30% of its trading fee with users who refer others to trade on its Exchange
  • Zero trading fee across major pairs and opportunity to earn crypto airdrop

KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — Hata has officially secured full approval from the Securities Commission of Malaysia to launch its exchange. Having obtained full approval from the Labuan Financial Services Authority (a mid-shore jurisdiction in Malaysia) in June 2023, Hata is now the first and only dual-licensed exchange by both onshore and mid-shore regulators in Malaysia.

Filling the gap in Asia with USD onramp and offramp 

Hata operates a US Dollar cryptocurrency exchange, allowing users globally to deposit, trade and withdraw funds in US Dollars. Hata users can also swap US Dollars with USDT for free.

With the foreign exchange market in Asia Pacific recorded at $396 trillion annually[1], Hata aims to serve the large US Dollar foreign exchange market by providing traders and institutions a licensed platform to convert US Dollars into stablecoins to facilitate cross border payments and access cryptocurrency in the region.

“Institutions and high net worth individuals still rely heavily on US Dollars to settle cross border transactions in Asia. With institutional adoption into cryptocurrency on the rise, coupled with weakening local currencies in the region against US Dollar, we foresee users moving their monies into USD pegged stablecoins to conduct transactions.” says David Low, Chief Executive Officer of Hata.

Hata currently supports trading of more than 40 cryptocurrency pairs on its platform that are paired with USDT and US Dollar, with the goal of supporting more crypto products in the near future.

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30% Revenue Share on its Exchange

Hata (www.hata.io) has introduced an affiliate program. Any users who sign up on Hata can refer their family and friends to earn a reward. Hata provides a revenue share of 30% from the trading fees it earns to the affiliates who refer their network to trade on Hata’s exchange.

“This affiliate programme is designed to let users globally capitalise on their network to earn rewards. We hope that this provides an economic opportunity for our users to earn a side income with minimal effort,” says Darien Ng, Chief Revenue Officer of Hata.

Zero trading fees and free airdrop

To further incentivise early users, Hata has also rolled out zero fees for its major crypto pairs, including USD/USDT pair.

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Users who sign up from now until 31 October 2024 and trade on the exchange will be added to a waitlist. Users in the waitlist will have an opportunity to earn free airdrops in the near future.

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