Enterprise Content Management Market: Global Industry Size, Growth, Outlook and Forecast to 2022 – Brisk Insights

The Global Enterprise Content Management Market is anticipated to grow at a CAGR of 19.6 % for the forecasted period of 2016-2022. This growth is attributed to both emerging as well developed economy. Enterprise content management is a process of accurately integrating, defining, storing, sourcing and effectively reconciling and retrieving massive amounts of organizations’ documents and helping the organization by making the right document available at the right time. It comprises strategies, tolls and methods used throughout the life cycle of the content.

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Substantial growth in digital content due to e-commerce and social media will boost the enterprise content management market.

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Recently, due to rapidly increasing adoption of social media and e-commerce the amount od content generated has increased rapidly. In 2015, e-commerce industry generated a revenue of $1.672 trillion and is expected to grow to $3.5 trillion in next 5 years. Emerging economies such China, Brazil, Japan, South Korea are the major contributors to this growth. In addition, due to increased internet penetration and increased social media user base, companies are investing a major amount in digital content creation and have expanded their marketing services to digital marketing and online CRM. Spending on digital content increased by 28% in the year 2014-2015. IDC has projected 50 times growth in digital content in the recent years. Due to this there has been increased information exchange and growing dearth of information in various organizations. Deployment of enterprise content management enables easy data availability, structures documents leading to increased efficiency and reduced cost of information management. This is the major factor driving the global enterprise...