Dynamic Growth Expected Through 2008
(Weymouth, MA) May 2, 2005…InfoTrends/CAP Ventures’ new forecast projects the document and content management software market to reach over $7 billion by 2008, demonstrating a compound annual growth rate (CAGR) of 18.1%. Compliance and records management, a focus on business processes, and requirements to make information available through multiple media are all factors contributing to this market’s significant growth in the coming years.
Document & Content Management Forecast ($Millions)
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:
“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.”
The forecast is available immediately to clients of InfoTrends/CAP Ventures’ Dynamic Content Software Strategies Consulting Service. For more information about the report or to make a purchase, please visit our online store or contact Alison Hipp at , ext. 126 or .
InfoTrends/CAP Ventures is the leading worldwide market research and strategic consulting firm for the digital imaging and document solutions industry. We provide research, analysis, forecasts, and advice to help clients understand market trends, identify opportunities, and develop strategies to grow their businesses. Additional information about InfoTrends/CAP Ventures is available on the Web at www.infotrendsresearch.com.