Enterprise Content Management (ECM) Market to Grow at a CAGR of 17.0% During the Forecast Period; Increasing Need for Data Management in Businesses to Augment Market Expansion

The global enterprise content management (ECM) market size stood at USD 37.39 billion in 2023. The market is predicted to rise from USD 42.93 billion in 2024 to USD 150.97 billion by 2032, recording a CAGR of 17.0% from 2024 to 2032.

Fortune Business Insights™ presents this information in its report titled, “Enterprise Content Management (ECM) Market Size, Share & Industry Analysis, By Solution (Document Management, Web Content Management, Digital Asset Management, eDiscovery, and Others), By Deployment (On-premise and Cloud), By Enterprise Type (Large Enterprises and SMEs), By Industry (BFSI, Government, IT & Telecom, Consumer Goods and Retail, Healthcare & Life Sciences, Transportation & Logistics, and Others), and Regional Forecast, 2024-2032 ”.  

With the help of enterprise content management (ECM), companies can decrease the cost of content maintenance and streamline document-centric processes. The increasing need for data management in businesses is fostering market expansion.

The COVID-19 pandemic had a positive effect on the global market due to increased investments in paperless organizations.

Increased Introduction of Generative AI-based ECM Solutions to Offer Better Efficiency to Their Users to Foster Market Growth

Generative AI is proficient in creating, accomplishing, and using content. An increase in data volumes among enterprises is boosting the demand for smart and advanced solutions. Increased introduction of generative AI-based enterprise content management solutions by key players to offer better efficiency and improved customer experience to their users is driving market expansion.

Increase in Product Offerings by Top Players to Boost Market Growth

In July 2023, Box, Inc. launched a novel Microsoft 365 Copilot plugin for Microsoft’s next-generation AI workplace tool. It assists consumers in deploying Microsoft 365 Copilot to improve the utility and worth of Box files within their association.

Growing Emphasis on the Adoption of Customized ECM Solutions to Propel Market Growth

Companies strive for custom-made enterprise content management solutions to meet their business needs, industry rules, and workflow intricacies. The increasing need to attain superior efficiency in the management of their digital content and information assets among organizations is boosting the demand for customized enterprise content management solutions. They also offer greater data security as they are created from scratch, enabling the utilization of custom security features. Rapid integration of customized solutions with other systems for content consistency, assisting marketing campaigns, and simplifying publishing are boosting the enterprise content management (ECM) market growth.

On the other hand, increased concerns about information privacy and security are hampering market expansion.

Prominent Companies Focus on Strategic Collaborations to Boost Their Product Offerings

Top enterprise content management companies are making strategic collaborations and acquisitions with other players to boost their product offerings. In March 2023, IBM made a partnership with Adobe Corporation to support marketing and creative organizations in enhancing their content supply chain.

Notable Industry Development:

• February 2024: IBM announced the of Content Navigator 3.0.15 and FileNet Content Manager 5.5.12 offering advancements to expand deployment flexibility and an enhanced user experience to client0073 dependent upon IBM to deliver strong enterprise content management competencies.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/enterprise-content-management-ecm-market-101660

List of the Companies Profiled in the Report:

• Hyland Software (U.S.)


• Box, Inc. (U.S.)


• DocuWare Corporation (Germany)


• IBM Corporation (U.S.)


• Laserfiche (U.S.)


• M-Files (U.S.)


• Kyocera Document Solutions, Inc. (Japan)


• Microsoft Corporation (U.S.)


• OpenText Corporation (Canada)


• Xerox Corporation (U.S.)


• Crown Records Management (Hong Kong)

Further Report Findings-

• North America accounted for the largest enterprise content management (ECM) market share with surging usage of digital transformation products and services by top players.


• Europe is registering significant growth owing to rising demand for cloud-based services, mainly for altering physical documents into digital ones using software and services.


• By solution, the digital asset management segment is set to lead the global market during the forecast period with an increase in the generation of multimedia assets.


• On the basis of deployment, the cloud segment is anticipated to rise at the highest CAGR over the projected period due to increased investments in multi-cloud and hybrid cloud solutions.

Table of Segmentation