|By Business Wire||
|June 26, 2014 02:55 PM EDT||
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-based ECM market will grow at a CAGR of 31.11% over the period 2013-2018.
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 offer 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 solutions.
- EMC Corp.
- OpenText Corp.
- Oracle Corp.
- SpringCM Inc.
Other Prominent Vendors
- Alfresco Software Inc.
- Fabasoft AG
- HP Co.
- Hyland Software Inc.
- KnowledgeTree Inc.
- Limelight Networks Inc.
- Software Innovation
For more information visit http://www.researchandmarkets.com/research/5drrlf/global_saasbased
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