Market Revenue Enterprise Content Management (ECM) Industry | Page 2

Enterprise content management (ECM) consists of different techniques to import content for bringing latest set
of items under the overall management processes and enable use of these of these items. The most important
property of the enterprise content management (ECM) is that awareness about the kind of content is created
and distributed along the way by keeping track of enterprises process at each level of operation. This completely
sets it apart from conventional content management system.
Enterprise content management (ECM) allows to streamline the complete document lifecycle with the help of
advanced document management and automation of workflows. It is suitable for number of file systems that
includes office suites, image files, e-mail, and CAD i.e. computer aided designs. It becomes essential for any
enterprise that is utilizing large volumes of content to carry a well-defined enterprise content management
(ECM) system in order to completely eliminate operational incapacities, minimize operational cost and stick to
regulatory terms and conditions.
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Enterprise content management (ECM) systems are deliberately divided into five key components such as
capture, manage, stock, reserve and distribute, to achieve enhanced performance level. Each component is
responsible for the performing specific tasks as defined. The capture component is responsible for generating
data by transforming simple on-paper information into a readable electronic format, while arranging obtained
data into structured format. Also, manage component offers safe connection, modification and employing data
set by means similar to data management, linked software, web-content management and records
management.
The ECM industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing to the rise in adoption of
latest technologies and presence of prominent market players. Asia-Pacific region is predicted to hold major
market share in the enterprise content management (ECM) industry with massive growth in forecast period.
Countries such as India, China and Japan are leading the Asia-Pacific market with number of government
initiatives for data privacy and security. Additionally, Latin America has shown substantial growth opportunities
due to soaring implementation of enterprise content management by small and medium-sized enterprises
(SMEs).The prominent players in the enterprise content management (ECM) market are IBM Inc., HP Enterprise,
M-Files Co., Microsoft Co., New gen Software Solutions, Open Text Co., Oracle Co., and Xerox Co.
Market Segment: