InfoTrends/CAP Ventures Releases Content and Document Management Forecast; Growth Expected Through 200817 May, 2005
InfoTrends/CAP Ventures Releases Content and Document Management Forecast; Growth Expected Through 2008
InfoTrends/CAP Ventures’ new forecast projects the document and content management software market to reach over $7 billion by 2008, demonstrating a compound annual growth rate (CAGR) of 18.1%. Compliance and records management, a focus on business processes, and requirements to make information available through multiple media are all factors contributing to this market’s significant growth in the coming years.
InfoTrends/CAP Ventures’ forecast entitled Content and Document Management Market Forecast: 2003-2008 examines the content software market providing a financial picture of today’s market, with analysis on the forecasted growth patterns. The report provides the market size and forecast for software licenses, maintenance, professional services, and hosted services.
The forecast also provides breakdowns for small, medium, and large companies in the U.S., Canada, Latin America, EMEA, and Asia-Pacific. Markets covered are: Enterprise Content Management (ECM), Document Management, Web Content Management, Digital Asset Management, Electronic Records Management, and XML Content Management.
“While many of our industry competitors view ECM as a superset of the other market segments, this forecast views the buying behavior for ECM as cannibalizing the other individual segments’ market opportunities,” commented Michael Maziarka, Director of InfoTrends/CAP Ventures’ Dynamic Content Software Strategies Consulting Service. ”Our way of viewing the market presents a more accurate picture of the growth potential for ECM, and the impact that has on the other segments.”
Some key findings from the forecast include:
• Growth in the Asia-Pacific region is projected to accelerate, surpassing a 40% CAGR for the forecast period.
• The markets among small and medium-sized companies are expected to demonstrate respective CAGRs of 39.9% and 26.3% over the forecast period.
• Remarkable growth is also expected in the Hosted Solutions category, as it is projected to demonstrate a CAGR of over 60% and become a $500 million industry by 2008.
• Enterprise Content Management (ECM) is forecasted to have strong growth; while ECM accounted for only about 9% of the total market in 2003, InfoTrends/CAP Ventures anticipates that number to be 32% by 2008.
“By their very nature, software markets are difficult to quantify and forecast. Software segment definitions are not clear cut, products span segments, solutions are often an aggregation of products, and products and segments are continuously shifting and disrupted by newer technologies,” commented Maziarka. “This forecast quantifies the market based on today’s segmentation, with expectations for shifts in the requirements for various segments over time.”
For more information about the report or to make a purchase, please visit our online store or contact Alison Hipp at (781) 616-2100, ext. 126 or email@example.com. Additional information about InfoTrends/CAP Ventures is available on the Web at www.capv.com.