Asia-Pacific enterprise content management (ECM) market is projected to grow at a significant CAGR during the forecast period (2020-2026). The growing number of small and medium businesses is perceived as the major driver of the growth of the ECM market in the region. SMEs constitute the most significant percentage of the private sector in Asia-Pacific.
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Technological innovation can act as the driver towards SMEs enhancing the global economy. SMEs are noted to experience a gradual reception towards the adoption of ICT. It provides simple, scalable as well as readily available technological solutions and grants SMEs access to similar technologies utilized by large businesses devoid of high costs and risks. These are the major factors that are driving the adoption of ECM services among SMEs in Asia-Pacific.
Furthermore, the rapid adoption of cloud-based services in the various major countries such as China, India, Japan, and others is estimated to drive the growth of ECM solutions in the region. The government views cloud computing as a strategic priority and included it in the nation’s 12th Five-Year Plan. The National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology launched pilot cloud schemes in five cities: Beijing, Shanghai, Shenzhen, Hangzhou, and Wuxi. China’s development blueprint for the next five years, the 13th Five-Year Plan (2016 – 2020), is estimated to reaffirm the strategic priority of cloud computing, with the NDRC planning continued investment through 2020.
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Asia-Pacific ECM Market – Segmentation
By deployment
- Cloud-based
- On-Premises
By Industry
- BFSI
- Manufacturing
- Healthcare
- Government
- IT & Telecom
- Retail & E-commerce
- Others (Media & Entertainment)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
