Cloud Enterprise Content Management Market
by Solution (Document Management, Case
Management, Workflow Management, Record
Management, and E-Discovery), Service,
Deployment Model, Organization Size, Vertical,
and Region - Global Forecast to 2022
No of Pages – 141
Publishing Date - May 12, 2017
Browse detailed TOC, Tables, Figures, Charts in Cloud Enterprise Content Management
Market by Solution (Document Management, Case Management, Workflow Management,
Record Management, and E-Discovery), Service, Deployment Model, Organization Size,
Vertical, and Region - Global Forecast to 2022 at - https://www.absolutereports.com/10797557
“Factors such as awareness about cloud-based ECM benefits among the enterprises and reduced
operational and capital expenditure are some of the factors driving the cloud ECM market”
The cloud Enterprise Content Management (ECM) market size is estimated to grow from USD 9.77
billion in 2017 to USD 34.42 billion by 2022, at a Compound Annual Growth Rate (CAGR) of
28.6%. The market is driven by factors such as the need for business agility, faster deployment and
scalability, increasing awareness about cloud ECM among enterprises globally, and reduced costs of
ownership. However, enterprises face some obstacles while adopting cloud ECM, such as security
concerns, data protection, and complexities involved in application portability.
“Workflow management solution is expected to have the fastest growth rate during the forecast
period”
There has been increasing demand for tools which support content workflow management,
specifically for website data management. Additionally, with the growing usage of Internet, mobile
devices, and social media among customers, the demand for enterprise content workflow
management has grown exponentially. This solution allows people to control and extend business
processes, eliminating the security risks and logistical costs associated with paperbound, manual
processes.
“Managed services segment is expected to have the largest market share during the forecast”
Managed services can be defined to be any service managed and delivered by the provider under a
contracted Service Level Agreement (SLA) and these providers take complete responsibility of the
customers need and deliver service. These services can be considered important as they are directly
related to the customer experience and no company can afford to compromise with it in order to