Content & Document Management Software Industry Profile

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Excerpt from Content & Document Management Software Industry Profile

Companies in this industry develop content and document management software. Major companies include IBM and Microsoft (based in the US), along with Fabasoft (Austria), M-Files (Finland), Newgen Software (India), Objective Corporation (Australia), and OpenText Corporation (Canada).

The global document management market is forecast to reach $11.5 billion by 2026 at a 13.05% compound annual growth rate (CAGR). The demand is driven by the need for increased efficiency in the workplace. Asia Pacific is expected to have the highest market growth in 2021-2026 forecast period, according to Mordor Intelligence.

The US content and document management software industry includes more than 13,000 establishments with an annual revenue of about $280 billion.

COMPETITIVE LANDSCAPE

Demand is driven by the need for increased efficiency in the workplace, according to Mordor Intelligence.. The profitability of individual companies depends on rapid product development. Large companies with extensive software portfolios can offer greater product integration; they also benefit from economies of scale in programming resources. Small companies can compete by addressing the needs of niche markets or focusing on emerging technologies. The industry is concentrated: the 50 largest US firms account for about 70% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Companies offer major product categories that include content management systems (CMS) and document management systems (DMS). CMS applications range from simple tools for creating and publishing web content to enterprise content management (ECM) systems that allow users to store, organize, search, retrieve, and share content ...

 
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