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Content Management: Asia Pacific Sees Strong Growth
Asia Pacific enterprises are preparing to increase their investments in document management and records management software. In Asia Pacific countries, excluding Japan, (APEJ) these are the top two IT areas being targeted for investment.
A report by IDC found that the APEJ document management market is growing at a five-year compound annual growth rate of 7.42 percent. By 2013, the market should grow to $308.42 million. The bulk of the investment in the region is coming from India and the People’s Republic of China.
US vendors primarily dominate the APEJ market, led by large companies like IBM, EMC, HP, Oracle and Interwoven. Those five companies represent 58 percent of the market in that region. But local vendors like Newgen Software and Cyberdime are also seeing traction.
Enterprise spending in APEJ on content management software is increasing in the range of 27.7 to 37.9 percent.
“Managing content with ever-increasing volumes of information, mounting regulatory pressure, and disparate applications with isolated data repositories, are all still big challenges. There is continuous demand for content management software from legacy businesses and developing countries as organizations endeavor to transition from manual overlay systems to automated systems,” said Ridhi Sawhney, market analyst of Asia-Pacific Software Research.
