The Enterprise Content Management (ECM) market is growing rapidly, propelled by factors like rising volumes of digital content across industries, driving organizations to adopt ECM solutions for efficient data management and workflow streamlining. Regulatory compliance demands, especially in highly regulated sectors like healthcare and finance, further boost ECM adoption as companies work to secure and organize records.
, /PRNewswire/ — The Global Enterprise Content Management ECM Market is projected to grow at a CAGR of 16.1% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 37.46 Billion in 2023 and is expected to reach USD 120.27 Billion by the end of the forecast period.
ECM solutions are becoming more attractive with cloud integrations and AI-driven analytics, enhancing flexibility and enabling valuable insights for optimized operations. However, certain challenges restrain market growth. High initial implementation costs and ongoing maintenance expenses can be prohibitive, particularly for small and medium-sized enterprises. …