Content & Document Management Software
Description
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 market is expected to grow at a compound annual growth rate (CAGR) of 16.6% by 2030, according to Fortune Business Insights. The demand is driven by the need for increased efficiency in the workplace. Asia Pacific is expected to have the fastest CAGR over the period, due to government, private, and public sector initiatives.
The US content and document management software industry includes more than 13,000 establishments with combined annual revenue of about $280 billion.
COMPETITIVE LANDSCAPE
Demand is driven by the need for increased efficiency in the workplace. 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 and documents across large organizations. Similarly, DMS products include standalone tools that address specific tasks such as records management, as well as integrated document management systems that are used by enterprises and government organizations to manage text documents, images, communications, and video. CMS and DMS applications are distinct categories, but their functions overlap significantly. Companies in the industry get their revenues from the sales of published system software and published applications software, accounting for about 40% each. IT technical support services account for more than 5%. Other products include customization and integration of packaged software.
Businesses and other organizations use ECM systems to capture, manage, store, preserve, and deliver content. The information that goes into an ECM system may be structured or unstructured (or in some cases semi-structured). Structured data is clearly defined and formatted data that can be easily recognized and processed by a computer. Unstructured data, commonly in the form of business documents, emails, and web content, does not follow a specified format. Finding ways to capture and analyze the exploding amount of unstructured data in the workplace is one of the primary technical challenges being addressed by ECM developers.
DMS applications manage and track electronic documents, as well as images of paper-based documents that have been captured with a scanner. In a similar fashion, digital asset management (DAM) software stores and organizes rich-media files, allowing users to create video and photo archives and collections of marketing collateral. Such tools rely heavily on metadata, descriptive information that is attached to a file so it can be organized and retrieved.
The global document market is expected to grow at a compound annual growth rate (CAGR) of 16.6% by 2030, according to Fortune Business Insights. The demand is driven by the need for increased efficiency in the workplace. Asia Pacific is expected to have the fastest CAGR over the period, due to government, private, and public sector initiatives.
The US content and document management software industry includes more than 13,000 establishments with combined annual revenue of about $280 billion.
COMPETITIVE LANDSCAPE
Demand is driven by the need for increased efficiency in the workplace. 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 and documents across large organizations. Similarly, DMS products include standalone tools that address specific tasks such as records management, as well as integrated document management systems that are used by enterprises and government organizations to manage text documents, images, communications, and video. CMS and DMS applications are distinct categories, but their functions overlap significantly. Companies in the industry get their revenues from the sales of published system software and published applications software, accounting for about 40% each. IT technical support services account for more than 5%. Other products include customization and integration of packaged software.
Businesses and other organizations use ECM systems to capture, manage, store, preserve, and deliver content. The information that goes into an ECM system may be structured or unstructured (or in some cases semi-structured). Structured data is clearly defined and formatted data that can be easily recognized and processed by a computer. Unstructured data, commonly in the form of business documents, emails, and web content, does not follow a specified format. Finding ways to capture and analyze the exploding amount of unstructured data in the workplace is one of the primary technical challenges being addressed by ECM developers.
DMS applications manage and track electronic documents, as well as images of paper-based documents that have been captured with a scanner. In a similar fashion, digital asset management (DAM) software stores and organizes rich-media files, allowing users to create video and photo archives and collections of marketing collateral. Such tools rely heavily on metadata, descriptive information that is attached to a file so it can be organized and retrieved.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
Pricing
Currency Rates
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