Artificial Intelligence
Emerging Trends in Enterprise Content Management Market size is expected to reach USD 30.07 billion by 2030, Registering a promising CAGR of 14.4% during forecast period 2023 to 2030 | A Comprehensive Report by Facts & Factor
NEW YORK, June 26, 2023 /PRNewswire/ — As per Facts and Factors study, the global enterprise content management (ECM) market size was nearly $11.04 billion in 2022 and is predicted to surge to about $30.07 billion by 2030 along with garnering the highest growth rate of 14.4% from 2023 to 2030.
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Enterprise Content Management Market: Overview
Enterprise Content Management (ECM) has become more complex in recent years. It helps in preventing data violations and financial fraud with government laws aiding them in preventing these violations & frauds. Firms are also required to effectively manage content by integrating ECM tools with business intelligence tools. Technological breakthroughs are making the use of enterprise content management (ECM) tools more significant. Breakthroughs in machine learning algorithms, smartphone technology, and cloud computing will steer the demand for enterprise content management (ECM) tools across the globe.
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Key Insights:
As per the analysis shared by our research analyst, the global enterprise content management (ECM) market is predicted to expand annually at the annual growth rate of around 14.4% over the forecast timespan (2023-2030)In terms of revenue, the global enterprise content management (ECM) market size was evaluated at nearly $11.04 billion in 2022 and is expected to reach $30.07 billion by 2030.The global enterprise content management market is anticipated to record massive growth over the forecast period owing to a rise in construction activities and growing renewable energy trends.Based on solutions, the web content management segment is predicted to contribute majorly towards the global market share over the forecast timeline.In terms of enterprises, the large enterprises segment is expected to account for a major share of the global market in 2023-2030.On the basis of deployment, the cloud segment is set to register the fastest CAGR over the period from 2023 to 2030.Based on the industry vertical, the healthcare & life sciences segment is predicted to record massive growth over the forecast period.Region-wise, the Asia-Pacific enterprise content management (ECM) market is set to register the highest CAGR during the assessment period.Facts and Factors published the latest report titled “Enterprise Content Management (ECM) Market Size, Share, Growth Analysis Report By Solutions (Document Management, eDiscovery, Web Content Management, and Digital Asset Management), By Deployment (Cloud and On-Premise), By Enterprise Size (SMEs and Large Enterprises), By Industry Vertical (BFSI, IT & Telecom, Healthcare & Life Sciences, Consumer Goods & Retail, Government, and Transportation & Logistics), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” into their research database.
Industry Dynamics:
Global Enterprise Content Management Market: Growth Drivers
Growing penetration of ECM software in various sectors will steer the global market surge by 2030.Growing demand for handling big data generated across a slew of organizations with extensive geographic presence and a rising consumer base is anticipated to boost the global enterprise content management market trends. The massive need for regulating content management services for improving their functionality is predicted to boost global market growth. Firms are investing in ECM tools for incorporating compliance requirements, reducing risks, and enhancing efficiency apart from ensuring the integrity of content assets. The move will boost the expansion of the global market.
Nevertheless, a rise in preliminary investment costs can put brakes on the expansion of the enterprise content management industry across the globe. Giant firms produce big unstructured data and processing this data needs huge costs. This, in turn, will inhibit the global industry expansion in the years ahead. Apart from this, the growing demand for AI-driven ECM tools is likely to open new growth avenues for the industry across the globe. This will nullify the negative impact of hindrances on the growth of the global industry.
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Global Enterprise Content Management Market: Segmentation
The global enterprise content management (ECM) market is divided into solutions, deployment, enterprise size, industry vertical, and region. The solutions segment of the enterprise content management (ECM) market is sub-segmented into document management, eDiscovery, web content management, and digital asset management segments. Furthermore, the document management segment, which amassed majorly towards the global market share in 2022, is set to register the highest CAGR over the assessment period. The growth of the segment in the coming years can be owing to low document loss & efficient document maintenance costs translating into huge demand for ECM solutions.
In terms of deployment, the enterprise content management industry across the globe is segmented into cloud and on-premise segments. Moreover, the cloud segment, which dominated the segmental growth in 2022, is anticipated to record the highest CAGR in the forecast timeline. The segmental growth over the forecast timeframe can be owing to the reduced costs and easy accessibility of documents from distant locations.
On the basis of enterprise size, the enterprise content management market globally is bifurcated into small & medium-sized enterprises and large enterprises segments. Moreover, the large enterprises segment, which accounted for about 45% of the global market share in 2022, is predicted to establish its leadership position even in the ensuing years. The segmental surge can be ascribed to surging investments in digital marketing solutions leading to humongous demand for ECM tools in large enterprises.
Based on the industry vertical, the enterprise content management (ECM) industry globally is sectored into BFSI, government, IT & telecom, consumer goods & retail, healthcare & life sciences, and transportation & logistics segments. Moreover, the healthcare & life sciences segment, which accounted for a lucrative share of the global market in 2022, is predicted to register the highest gains in the near future. The segmental expansion can be credited to the increase in acceptance of eCommerce & cloud computing tools in the healthcare & life sciences segment.
Recent Developments:
In the first half of 2021, Hyland Software Inc., a key player in the enterprise content management industry, introduced new products such as the content composer foundation, content foundation enhancement pack, and Brainware foundation. The strategic move is likely to embellish the demand for ECM software across a slew of industries globally.In the first quarter of 2023, Newgen Software, a key provider of low code-driven online transformation tools, announced the launch of Newgen OmniDocs Connector, an enterprise content management (ECM) solution, on its cloud market space. The initiative will enlarge the scope of demand for ECM solutions in the software industry.In the second half of 2019, Datamatics Global Services Limited, an Indian firm providing IT, data management, consulting, and business process management solutions, acquired CIGNEX Global Holding Corporation, a major SAP connect service provider. The move is predicted to increase the presence of the firm in the U.S., India, and Singapore.Get More Insight before Buying@: https://www.fnfresearch.com/inquiry/enterprise-content-management-ecm-market
List of Key Players in Enterprise Content Management Market:
Xerox CorporationEpicor Software CorporationLaserficheOpenText CorporationAdobe Inc.M-files CorporationDatamatics Global Services LimitedKyocera CorporationAscend SoftwareDocuware CorporationOthersKey questions answered in this report:
What are the growth rate forecast and market size for Enterprise Content Management Market?What are the key driving factors propelling the Enterprise Content Management Market forward?What are the most important companies in the Enterprise Content Management Market Industry?What segments does the Enterprise Content Management Market cover?How can I receive a free copy of the Enterprise Content Management Market sample report and company profiles?Report Scope:
Report Attribute
Details
Market size value in 2022
USD 11.04 Billion
Revenue forecast in 2030
USD 30.07 Billion
Growth Rate
CAGR of almost 14.4% 2023-2030
Base Year
2022
Historic Years
2016 – 2021
Forecast Years
2023-2030
Segments Covered
By Solutions, Deployment, Enterprise Size, Industry Vertical, and Region
Forecast Units
Value (USD Billion), and Volume (Units)
Quantitative Units
Revenue in USD million/billion and CAGR from 2023 to 2030
Regions Covered
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered
Xerox Corporation, Epicor Software Corporation, Laserfiche, OpenText Corporation, Adobe Inc., M-files Corporation, Datamatics Global Services Limited, Kyocera Corporation, Ascend Software, Docuware Corporation, and others.
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope
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Regional Dominance:
North American Enterprise Content Management (ECM) market to accrue huge revenue gains over the forecast period.North America, which garnered more than three-fifths of the global enterprise content management (ECM) market revenue in 2022, is anticipated to accrue massive revenue during the forecast timeline. The regional market expansion over 2023-2030 can be subject to a surge in investment in ECM software by BFSI and government sectors in the countries such as Canada and the U.S.
Furthermore, growing penetration of ECM software in various end-use sectors with favorable initiatives will proliferate the regional market size. The presence of giant players in the sub-continent will further drive regional market trends.
Furthermore, the Asia-Pacific enterprise content management (ECM) industry is predicted to register the highest CAGR over the anticipated timeline. The factors that are likely to measure the expansion of the regional market are the large-scale use of enterprise content management (ECM) tools in small & medium-sized firms in the countries such as India, Indonesia, Japan, Taiwan, Malaysia, and Singapore.
Global Enterprise Content Management Market is segmented as follows:
Enterprise Content Management Market: By Solutions Outlook (2023-2030)
Document ManagementeDiscoveryWeb Content ManagementDigital Asset ManagementEnterprise Content Management Market: By Deployment Outlook (2023-2030)
CloudOn-PremiseEnterprise Content Management Market: By Enterprise Size Outlook (2023-2030)
SMEsLarge EnterprisesEnterprise Content Management Market: By Industry Vertical Outlook (2023-2030)
BFSIIT & TelecomHealthcare & Life SciencesConsumer Goods & RetailGovernmentTransportation & LogisticsEnterprise Content Management Market: By Region Outlook (2023-2030)
North America
The U.S.CanadaEurope
FranceThe UKSpainGermanyItalyRest of EuropeAsia Pacific
ChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia PacificLatin America
BrazilMexicoRest of Latin AmericaMiddle East & Africa
GCCSouth AfricaRest of Middle East & AfricaPress Release: https://www.fnfresearch.com/news/global-enterprise-content-management-ecm-market
Browse Other Related Research Reports from Facts and Factors
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Facts and Factors is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, and company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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Artificial Intelligence
Flat Ads Makes Its Mark at DMEXCO 2024: Showcasing Strength in Programmatic Advertising
COLOGNE, Germany, Sept. 20, 2024 /PRNewswire/ — In September, Flat Ads makes its mark at DMEXCO 2024, the prestigious European event of digital marketing and technology. The highly successful exhibition boasts 650 exhibitors, 850 speakers, and thousands of participants. At the event, Flat Ads showcased the strength of programmatic advertising platform in ad delivery, traffic optimization, and brand safety.
Flat Ads programmatic advertising platform has an exclusive developer traffic of 700 million and an extensive network spanning over 200 countries and regions worldwide. It cooperates with over 200 leading DSP/SSP partners, including FreeWheel, PubMatic and Criteo, leveraging an efficient and complete bidding system, as well as automatic delivery algorithms, to achieve precise marketing and advertising effectiveness maximization.
With its exclusive platform strategy algorithm, Flat Ads programmatic advertising platform can continuously conduct automatic exploration and matching based on the characteristics of DSP and traffic, optimize and adjust the algorithm model in real-time. This not only ensures the sustainability of DSP budgets, but also maximizes traffic utilization and enhances monetization revenue of advertisements.
Moreover, brand protection is among the top priorities of Flat Ads. In addition to accessing to authority agency Pixalate to test the effectiveness of ads, it has also accessed HUMAN, the global cybersecurity authority to safeguard its clients by preventing bot attacks, digital fraud and abuse, ensuring a stable, reliable, and secure programmatic advertising transaction platform.
By participating in DMEXCO 2024, Flat Ads showcased its outstanding strength and fruitful achievements in the programmatic advertising field, attracting the attention of numerous advertisers and developers for cooperation. Flat Ads boasts not only robust technical capabilities and innovative prowess, but also an active and open attitude towards emerging technologies, embracing and exploring them. It remains committed to providing more professional and efficient global marketing services to advertisers and developers worldwide, helping clients stand out in the fiercely competitive market and achieve business growth.
As a globally leading mobile advertising marketing platform, Flat Ads currently operates offices in Singapore, Indonesia, Hong Kong, and Guangzhou, serving over 1000 clients with global marketing solutions. If you’re interested in Flat Ads’ programmatic advertising services, please visit www.flat-ads.com.
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Artificial Intelligence
Fraud Detection & Prevention Market to Reach $252.7 Billion, Globally, by 2032 at 24.3% CAGR: Allied Market Research
The introduction of big data analytics, cloud computing services, and an upsurge in mobile payment drive the growth of the market.
PORTLAND, Ore., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Fraud Detection & Prevention Market by Component (Solution and Service), Deployment Mode (On-Premises and Cloud), Organization Size (Large Enterprises and Small and Medium-sized Enterprises) and Industry Vertical (BFSI, IT and Telecom, Retail, Healthcare, Government and Defense, Manufacturing, Transportation and Logistics and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the “fraud detection & prevention market” was valued at $29.5 billion in 2022, and is projected to reach $252.7 billion by 2032, growing at a CAGR of 24.3% from 2023 to 2032.
The introduction of big data analytics, cloud computing services, and an upsurge in mobile payment drive the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market. Moreover, continuous technological advancements are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the high cost of fraud detection and prevention solutions limits the growth of the fraud detection & prevention market.
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The solution segment held the highest market share in 2022.
By component, the solution segment dominated the market in 2022, this dominance is driven by the increasing demand for advanced technological solutions that can effectively detect, monitor, and prevent fraudulent activities across various industries such as banking, e-commerce, and insurance. Solutions like AI-based fraud detection, machine learning algorithms, and behavioral analytics have become critical tools in identifying potential fraud in real time and reducing financial losses. However, the service segment is expected to witness the largest CAGR of 28.0%, this growth is driven by the increasing need for specialized services such as consulting, implementation, and maintenance to help organizations effectively integrate and optimize fraud detection solutions.
The BFSI segment held the highest market share in 2022.
By industry vertical, the BFSI segment accounted for the largest share in 2022. This is primarily due to the high frequency and sophistication of fraud targeting financial institutions, making fraud detection and prevention solutions a critical need in the BFSI sector. Financial transactions, online banking, and digital payments are particularly vulnerable to cyberattacks, phishing schemes, and identity theft, driving the sector’s substantial investment in advanced fraud detection technologies. However, the retail segment is expected to witness the largest CAGR of 32.7%. This anticipated growth is driven by several factors. Retailers are increasingly targeted by fraudsters due to the high volume of transactions and the sensitivity of customer data involved. As e-commerce and digital transactions expand, the need for advanced fraud detection and prevention solutions becomes more critical.
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Regional Insights: The North America region held the highest market share in 2022.
By region, the fraud detection & prevention market was dominated by North America in 2022. North America, particularly the U.S., has a highly developed financial and technological infrastructure that supports advanced fraud detection solutions. The region’s significant investments in cybersecurity and fraud prevention technologies, combined with a high incidence of cyber threats, drive continuous innovation and adoption of sophisticated fraud management systems.
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Key Industry Developments
In February 2024, the U.S. Department of the Treasury announced that it has recovered over $375 million as a result of its implementation of an enhanced fraud detection process that utilizes Artificial Intelligence (AI) at the beginning of Fiscal Year 2023.In April 2024, Cognizant collaborated with FICO, to launch a cloud-based real-time payment fraud prevention solution powered by FICO Falcon Fraud Manager. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technology to help banks and other payment service providers in North America protect their customers from fraud in the growing world of instant digital payments.In September 2022, Deutsche Bank collaborated with Visa, to help prevent online retail fraud. Merchants who process their e-commerce payments via Deutsche Bank can now use “Decision Manager,” an automated fraud detection system from Visa-owned company Cybersource.AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Artificial Intelligence
G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2
ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.
The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.
Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.
Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”
In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.
“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”
By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.
About G42
G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. To know more visit www.g42.ai.
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