Enterprise Content Management Market To Reach $102.01 Billion By 2030

Enterprise Content Management Market Growth & Trends

The global enterprise content management market size is expected to reach USD 102.01 billion by 2030, according to a study conducted by Grand View Research, Inc., registering a CAGR of 15.1% from 2024 to 2030. Soaring need for securing confidential data is triggering the adoption of enterprise content management (ECM) software. Components of the software include solutions and services such as document management, web content management, records management, document collaboration, and digital rights management. These solutions enable enterprises to reduce their data storage costs and enhance productivity by allowing them to collaborate with employees.

In North America, availability of advanced IT infrastructure and presence of prominent IT giants such as IBM and Microsoft Corporation is poised to drive the adoption of enterprise content management software. Latin American and MEA are projected to witness considerable growth over the coming years owing to growing preference of enterprises for cloud and rising need for IT services by the government sector.

However, vendor dependence and high cost of maintenance are likely to hamper the growth of the market. To overcome this, ECM providers may offer flexibility to enterprises and low-cost maintenance services for gaining credence among organizations.

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Enterprise Content Management Market Report Highlights

• The services segment is expected to post the highest CAGR of over 17.0% during the forecast period due to growing emphasis on periodic maintenance and employee training to enhance operational efficiencies

• Cloud-based ECM provides benefits such as high service level, which will drive the growth of the segment over the forecast period. The segment is anticipated to command more than 55.6% % of the overall market revenue by 2030.

• The North America enterprise content management market accounted for the largest market revenue share of 41.1% in 2023

Enterprise Content Management Market Segmentation

Grand View Research has segmented the global enterprise content management market report based on component, deployment, enterprise size, application and region

Enterprise Content Management (ECM) Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Software

  • Document Management

  • Workflow Automation

  • Records Management

  • Digital Asset Management (DAM)

  • Content Analytics

  • Others

• Services

Enterprise Content Management (ECM) Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• On-Premise

• Cloud

Enterprise Content Management (ECM) Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small and Medium Enterprise (SMEs)

• Large Enterprises

Enterprise Content Management (ECM) Application Size Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• IT and Telecommunication

• Media and Entertainment

• Government

• Healthcare

• Manufacturing

• Retail

• Education

• Others

Enterprise Content Management (ECM) Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players of Enterprise Content Management Market

• Microsoft Corporation

• IBM Corporation

• OpenText Corporation

• Hyland Software, Inc.

• Alfresco Software, Inc.

• M-Files Corporation

• Oracle Corporation

• Box, Inc.

• Laserfiche

• DocuWare Corporation