Market research firm Frost & Sullivan recently reported the market for content management solutions in the Asia-Pacific sector is expected to generate more than $520 million in revenue for vendors by the end of 2010. Increasing global concern over data security and compliance has driven similar market growth in Europe and North America.
The report further states that ECM will grow by a compound annual growth rate of more than 18 percent between 2009 and 2016. At that point, Frost & Sullivan expects the market to be worth more than $1.5 billion. A substantial portion of the industry will grow to an increased use and need for email filtering services.
“Businesses are rapidly seeing the upside in the services approach,” Edison Yo, industry manager for Frost & Sullivan, said. “Content security, particularly email filtering, has proven to be a suitable ”poster-technology” for security services since diverting emails to a third-party vendor for security scans is generally perceived as having no direct tangible effect on end-user experience.”
A number of major ECM providers, such as Microsoft and Open Text, have announced new solutions this year that add capability to their ECM programs, which have made them even more useful for customers.