Asia-Pacific ECM market is estimated to grow significantly during the forecast period. The major factor that contributes to the growth of the market includes the growing number of small and medium enterprises (SMEs) in the region coupled with rising unstructured data in SMEs. Moreover, significant growth in the BFSI, energy, and power, healthcare, telecom sectors can be witnessed in the region result of which a significant demand for the ECM solutions will be observed in the region. Along with that growing digitization in SMEs in emerging economies such as India and China are further estimated to provide a significant opportunity to the market.
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The Asia-Pacific ECM market is segmented on the basis of deployment and industry. Based on the deployment, the market is further classified into cloud-based and on-premises. The on-premises segment is projected to have a considerable share in the Asia-Pacific market. BFSI, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise ECM solutions as this solution is more customizable as compared to cloud-based ECM, thus, it fulfills the requirements of all end-users.
Based on the industry, the Asia-Pacific ECM market is further segmented into BFSI, manufacturing, healthcare, government, IT & telecom, retail & e-commerce, and others. The IT & telecom segment is estimated to grow at a considerable CAGR during the forecast period. Based on geography, the Asia-Pacific ECM market is further segregated into China, India, Japan, and the Rest of Asia-Pacific. Among, geography China is projected to have a considerable share in the Asia-Pacific ECM market owing to the presence of a significant number of SMEs using cloud-based ECM solutions in the country.
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Asia-Pacific Enterprise Content Management (ECM) Market Segmentation
By Business Functions
- Human Resources
- Sales and Marketing
- Accounting and Legal
By Components
- Solutions
- Document Management
- Record Management
By Vertical
- BFSI
- Retail and Consumer Goods
- IT and Healthcare
- Manufacturing
- Telecommunication
Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- Adobe Inc.
- Atlassian Pty Ltd.
- IBM Corp.
- Microsoft Corp.
- Newgen Software Technologies Ltd.
- Oracle Corp.
- Open Text Corp.
- Objective Corporation Ltd.
- SAP SE
- Xerox Corp.
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