Enterprise Content Management Trends for 2021
The Enterprise Content Management (ECM) Market was estimated at USD 47.29 billion in 2020 and is projected to increase at a CAGR of 25.7 percent from 2021 to 2026, to reach USD 105.56 billion.
FREMONT, CA : Companies can better manage the creation, acceptance, revision, and consumption of electronic documents with content management. Library services, profiling, browsing, check-in, check-out, revision history, version control, and document security are all included. Furthermore, cloud computing has given various benefits to the field of content management systems. It serves as a convenient resource and storage location for documents and related applications and is cost-effective.
The Enterprise Content Management (ECM) Market was estimated at USD 47.29 billion in 2020 and is projected to increase at a CAGR of 25.7 percent from 2021 to 2026, to reach USD 105.56 billion. Here are some of the most important ECM trends for 2021 that businesses should be aware of.
Custom ECM Solutions Will Get More Business
Modifying features and functionality to specific workflows and processes will on-board users faster as personalization brings an enhanced level of control to the experience. The capability to customize the look, sound, and flow of an ECM platform to better suit users' needs will lead to increased revenue.
Data Access Would Be More Democratized
In 2021, businesses will attempt to reconsider and reform their data structures so that people at all levels can access data that is important to them. Democratizing a business enterprise entails providing access to relevant data and cultivating a company culture in which data flows freely.
Robust security that Encrypts Data
Everyone is scared of external and internal security breaches or being non-compliant for audits and meeting regulatory requirements. Managing and safeguarding material, whether it's business intelligence or sensitive patient data, is important without undermining information accessibility. ECMs will devote more resources to ensuring that they meet all data compliance and protection requirements in the coming years.
Artificial Intelligence and Machine Learning
Many large corporations employ data scientists, data miners, and business intelligence architects to develop innovative ways to extract information from data. Smaller companies will now benefit from similar business intelligence support thanks to new AI tools built into CMS. Using techniques like Machine Learning (ML) and Data Visualization, one can now develop decision-making skills and optimize all of the business processes.