The global enterprise content management market size is estimated to reach ~USD 114 Billion by the end of 2035 by growing at a CAGR of ~12.80% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of enterprise content management was ~USD 27 Billion. The rise in demand for digital transformation and increased internet penetration are two major factors driving the growth of the global enterprise content management market. An average growth rate of 8.4% is observed in the number of internet users each year. Globally, 6.44 percent of the population uses the internet as of January 2023. The increased internet penetration provides businesses with access to a wide range of cloud-based content management solutions, which can help them store and manage their data more efficiently. This, in turn, is driving the demand for enterprise content management solutions.
In addition to these, factors that are believed to fuel the market growth of enterprise content management include the need for better data governance, increased adoption of cloud-based solutions, and the increasing demand for structured content management. In addition, the growing number of websites using CMS has made it easier for businesses and individuals to create and manage their own websites. It has also allowed for more customized websites and has opened up opportunities for website owners to easily update and maintain their sites. For instance, a 77% increase in the number of websites using CMS has been reported between 2015 and 2022. Additionally, the growing need for improved document collaboration and workflow automation are also expected to drive market growth.
Base Year |
2022 |
Forecast Year |
2023-2035 |
CAGR |
~12.80% |
Base Year Market Size (2022) |
~USD 27 Billion |
Forecast Year Market Size (2035) |
~USD 114 Billion |
Regional Scope |
|
Growth Drivers
Challenges
The global enterprise content management market is segmented and analyzed for demand and supply by deployment mode into on-premises cloud. Out of these, the cloud segment is estimated to gain the largest market share of about ~58% in the year 2035. The growth of the segment can be attributed to the growing adoption of cloud-based technology, cost-effectiveness, scalability, and improved security features associated with cloud-based solutions. It is estimated that 58% of corporate data around the world is stored in the cloud, and that cloud data centers consume 3% of the world's energy. also, the number of large enterprises using multiple clouds has risen to 92%. Additionally, the growing need for automation and analytics capabilities of cloud-based solutions for businesses is expected to further drive the adoption of cloud-based solutions in the enterprise content management market. Cloud-based solutions are also beneficial for businesses as they provide the ability to store data in a secure, centralized location, making it easier for multiple users to access the same information and collaborate on projects.
The global enterprise content management market is segmented and analyzed for demand and supply by enterprise into small, medium enterprise and large enterprise. Out of these, the large enterprise segment is estimated to gain the significant market share of about ~39% in the year 2035. The growth of the segment can be attributed to the increasing demand for enterprise content management systems from large enterprises owing to the need for better data management, improved collaboration, and compliance with data security regulations. Furthermore, the increasing number of large enterprises across the globe is expected to drive the market growth of this segment. As of 2021, it was estimated that there would be more than 350,500 large companies across the globe. Additionally, as the number of large enterprises continues to grow, the demand for enterprise content management systems is expected to increase as well.
Our in-depth analysis of the global enterprise content management market includes the following segments:
By Type |
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By Deployment Mode |
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By Enterprise |
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By End User |
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The market share of enterprise content management in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about ~37% by the end of 2035. The growth of the market can be attributed majorly to the increasing demand from various industries such as healthcare, retail, manufacturing, and financial services. Moreover, with the rise of digital transformation initiatives, the demand for enterprise content management solutions is also increasing, which is expected to further drive the growth of this market in the Asia Pacific region. For instance, a USD 83 billion investment in digital transformation is expected to be made in India by 2026. Organizations are increasingly relying on digital solutions to manage their data and content, as this helps them to be more efficient, reduce costs, and improve customer experience. Digital transformation initiatives are helping organizations to access and use data more effectively and to create better customer experiences.
The North America enterprise content management market is estimated to be the second largest, registering a share of about ~24% by the end of 2035. The growth of the market can be attributed majorly to the increasing adoption of cloud-based services and the introduction of advanced technologies, such as artificial intelligence and analytics, in the enterprise content management market. These technologies allow organizations to maximize efficiency and productivity by automating mundane tasks, reducing the need for physical storage, and improving enterprise data security. Additionally, North America also has a well-established IT infrastructure, a strong IT services industry, and a large pool of skilled professionals. Companies are increasingly relying on IT infrastructure to store and manage their data and content. Moreover, IT infrastructure allows for better scalability and flexibility, enabling companies to quickly and easily adjust their data management and content needs as needed.
Further, the enterprise content management market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the rising awareness among the European businesses about the benefits of enterprise content management systems, such as improved data security, better collaboration and enhanced efficiency and productivity. Furthermore, the increasing adoption of the cloud platform for the deployment of enterprise content management systems is also expected to bolster regional market growth. Cloud-based enterprise content management systems allow businesses to store and access data from any location, which makes it easier for companies to manage their content.
Author Credits: Abhishek Verma, Hetal Singh
Ans: The increasing need for data security, rising demand for automation and digital transformation, and the growing need for cost-effectiveness and streamlined processes are the major factors driving the market growth.
Ans: The market size of enterprise content management is anticipated to attain a CAGR of ~12.80% over the forecast period, i.e., 2023 – 2035.
Ans: The high cost of implementation and maintenance, the lack of awareness, and the lack of technical expertise are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Microsoft Corporation, OpenText Corporation, Hyland Software Inc., IBM Corporation, Xerox Corporation, SAP, Objective Corporation, DOMA Technologies, SER Group, Oracle and others
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, deployment mode, enterprise, end user and by region.
Ans: The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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