Overview and Scope
ERP and ECM integration refers to the process of connecting enterprise resource planning (ERP) systems with enterprise content management (ECM) systems to facilitate seamless data exchange and workflow automation between the two platforms. ERP systems are software platforms that integrate core business processes such as finance, human resources, supply chain management, and manufacturing into a single, centralized system and ECM systems are software platforms that facilitate the creation, capture, storage, management, and retrieval of enterprise content, including documents, records, images, videos, and other digital assets.
Sizing and Forecast
The ERP and ECM integration market size has grown rapidly in recent years. It will grow from $74.90 billion in 2023 to $85.46 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to business process optimization, compliance requirements, globalization, demand for data analytics, and evolution of information technology.
The ERP and ECM integration market size is expected to see rapid growth in the next few years. It will grow to $147.02 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to digital transformation, remote workforce, focus on customer experience, cybersecurity concerns, AI and automation. Major trends in the forecast period include cloud-based solutions, ai-driven automation, integrated analytics, industry-specific solutions, and enhanced security measures.
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Segmentation & Regional Insights
The ERP and ECM integration market covered in this report is segmented –
1) By Type: Enterprise Resource Planning (ERP), Enterprise Content Management (ECM)
2) By Functions: Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, Business Intelligence, Other Functions
3) By Deployment Mode: Cloud-Based, On-Premises
4) By Application: Manufacturing, Banking, Financial Services And Insurance (BFSI), Healthcare, Aerospace And Defense, Telecom, Other Applications
North America was the largest region in the ERP and ECM integration market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ERP and ECM integration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The shift towards the remote workforce and virtual collaboration is expected to propel the growth of the ERP (Enterprise Resource Planning) and ECM (Enterprise Content Management) integration market going forward. Remote workforce and virtual collaboration is a process where employees work from locations outside of a traditional office setting, using digital tools and technologies to communicate, collaborate, and complete work tasks. The shift towards remote workforce and virtual collaboration is due to changing work preferences and the need for flexibility and resilience. ERP and ECM systems provide centralized platforms for managing and accessing critical business data, processes, and documents from anywhere, facilitating efficient communication and collaboration among remote teams. For instance, in March 2023, according to GoRemotely, a US-based company specializing in staffing and recruiting, 2.7 million people, or 17% of the 16 million healthcare professionals, could work from home. Moreover, in January 2024, according to the World Economic Forum, a Switzerland-based non-governmental organization, by 2030, the projected number of global digital jobs capable of remote work from any location would increase by approximately 25%, reaching around 92 million. Therefore, the shift towards remote workforce and virtual collaboration is driving the growth of the ERP and ECM integration market.
Key Industry Players
Major companies operating in the ERP and ECM integration market are Microsoft Corporation, International Business Machines Corporation (IBM), Oracle Corporation, NetSuite Inc., SAP SE, Salesforce.com Inc., Adobe Inc., Xerox Holdings Corporation, Workday Inc., OpenText Corporation, Sage Group plc, Kronos Incorporated, Epicor Software Corporation, Totvs S.A., UNIT4 N.V., Newgen Software Technologies Limited, Hyland Software Inc., M-Files Corporation, DocuWare Corporation, Deskera Holdings Limited, Awery Aviation Software, Brightpearl Limited, Penta Technologies Inc., Technology Group International
The erp and ecm integration market report table of contents includes:
1. Executive Summary
2. ERP And ECM Integration Market Characteristics
3. ERP And ECM Integration Market Trends And Strategies
4. ERP And ECM Integration Market – Macro Economic Scenario
5. Global ERP And ECM Integration Market Size and Growth
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31. ERP And ECM Integration Market Other Major And Innovative Companies
32. Global ERP And ECM Integration Market Competitive Benchmarking
33. Global ERP And ECM Integration Market Competitive Dashboard
34. Key Mergers And Acquisitions In The ERP And ECM Integration Market
35. ERP And ECM Integration Market Future Outlook and Potential Analysis
36.Appendix
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