|[June 26, 2014]
Research and Markets: Global SaaS-based ECM Market 2014-2018 with EMC Corp., OpenText Corp., Oracle Corp. & SpringCM Dominating
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/5drrlf/global_saasbased)
has announced the addition of the "Global
SaaS-based ECM Market 2014-2018" report to their offering.
The Global SaaS (News - Alert)-based ECM market will grow at a CAGR of 31.11% over the
To calculate the market size, the report considers subscription revenue
from sales of the following enterprise applications: Document Centric
Collaboration, Web Content Management, Document Imaging, Document
Management System, and Records Management.
One of the major drivers in the market is the need for effective
management of corporate information. ECM helps store and publish content
as well as maintain a collaborative environment. This in turn provides
information to professionals regarding their existing and new clients as
well as new ventures undertaken by the organization. Hence, ECM systems
ffer a user-friendly experience to customers by pushing targeted
content including email management and campaign management.
Continuous developments in cloud computing and mobile technology have
enhanced the traditional ECM trends and practices. Hybrid cloud-based
ECM is seen as an emerging opportunity for organizations that use cloud
applications without compromising the security of business-critical
content. Hybrid SaaS-based ECM solutions are seen as the right model for
enterprise solutions as they allow end-users to move their content to
the cloud. Organizations are still in the early stage of this shift
because many organizations are exploring the private cloud and
virtualization. However, some organizations are planning to run their
own data centers to move all their mission-critical applications to the
cloud. In addition, hybrid ECM is a suitable solution for cloud-based
applications because mobile users can enhance the collaboration without
disturbing existing production applications.
Further, the report states that one of the major challenges confronting
the market is data security concerns. Data security is critical for most
businesses because client information, payment information, personal
files, bank account details, and other confidential information can be
difficult to replace. Also, this information can be dangerous if it is
available to third parties. Data breaches or leaks are the major concern
mentioned by customers during contract negotiation for on-demand
Oracle (News - Alert) Corp.
Other Prominent Vendors
Alfresco Software Inc.
Hyland Software Inc.
Limelight Networks (News - Alert) Inc.
For more information visit http://www.researchandmarkets.com/research/5drrlf/global_saasbased
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