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ECM: Sizing Up the market
New numbers from Frost and Sullivan try to size up the enterprise content management (ECM) market. The report estimates that the ECM solution market size in 2009 was on the order of $795 million and that the entire ECM ecosystem was on the order of $2.1 billion.
The Frost and Sullivan forecast is that the global ECM solution market will in 2016 reach $1.75 billion and the ECM ecosystem market size will grow to $6 billion. Loren Johnson, Frost and Sullivan industry analyst, comments that “With the capabilities of ECM solutions stronger than their component parts, the ECM industry, consumers and companies have started to recognize the inherent value of implementing full ECM solutions.”
Whenever numbers grow into the the billions of dollars, it is often hard to fathom exactly what it means. And when compared to a similar report by Gartner, we find a wide disparity. Gartner estimates that 2009 ECM software license and maintenance revenue was $3.5 billion and will exceed $5.7 billion in 2014.
But the Frost and Sullivan report may be more strict in what they consider constitutes an ECM solution. “ECM solutions offer a unique productivity solution that singular products, components, and content management modules cannot.” The report defines a complete ECM solution as one that contains the following components:
- Back-End Assessment Management
- Front-end Presentation
- Workflow and Business Process Management
In the view of Frost and Sullivan, only six vendors are capable of offering complete ECM solutions.
