This merger will help enlarge the presence of Datamatics in San Francisco, Singapore, and India.īased on components, the market is classified into document management, web content management, digital asset management, eDiscovery, others (record management, case management, etc.)īase on Deployment, the enterprise content management market is divided into cloud and on-premise.īased on enterprise size, the market is segmented into small and medium-sized enterprises (SME) and large enterprises.īy industry vertical, the market is classified as BFSI, government, IT & telecom, consumer goods, and retail, healthcare and life sciences, transportation and logistics, others (manufacturing, energy, and utilities, etc.).
For instance, in December 2019, Datamatics Global Services Limited announced the acquisition of SAP connect solution provider CIGNEX Global Holding Corporation. In order to extend their market position, the major companies engage in acquisitions, partnerships, collaborations, and mergers. To increase the capabilities of ECM solutions, the players are investing in new technology. Heavy Investments in Innovative Technologies to Consolidate Business As a result, ECM systems aid document management by allowing for quick retrieval and archiving.ĭatamatics Global Services Limited (Mumbai, India)ĭocuware Corporation (Germering, Germany) Managing a large volume of unstructured data is a problem for businesses.
Due to the growth of social media, greater internet connectivity, and mobilization, Covid-19 has expedited data generation. Because of the new norm of the remote worker, businesses have moved their information to the cloud. Content production is boosted by the industry's growing digital revolution. However, beginning in 2021, the usage of digital solutions is expected to increase. Since mid-2020, the covid-19 pandemic has had an unparalleled impact on operations, leading to the suspension of industries, which has hampered the demand for ECM solutions.
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