DUBLIN–(BUSINESS WIRE)–The “Cloud Enterprise Content Management – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Cloud Enterprise Content Management Market to Reach US$ 122 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Cloud Enterprise Content Management estimated at US$ 18.7 Billion in the year 2020, is projected to reach a revised size of US$ 122 Billion by 2027, growing at a CAGR of 30.7% over the analysis period 2020-2027.
Document Management, one of the segments analyzed in the report, is projected to grow at a 28.4% CAGR to reach US$ 23.3 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Workflow Management segment is readjusted to a revised 36.2% CAGR for the next 7-year period. This segment currently accounts for a 18.6% share of the global Cloud Enterprise Content Management market.
The U.S. Accounts for Over 43.3% of Global Market Size in 2020, While China is Forecast to Grow at a 37.5% CAGR for the Period of 2020-2027
The Cloud Enterprise Content Management market in the U.S. is estimated at US$ 8.1 Billion in the year 2020. The country currently accounts for a 43.3% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 12.4 Billion in the year 2027 trailing a CAGR of 37.5% through…