LAS VEGAS, Nov. 20, 2024 /PRNewswire/ — Lucihub, the award-winning AI-powered video production platform, is disrupting digital storytelling with new advancements that seamlessly integrate pre-production and production into one streamlined workflow. Designed for global ease and efficiency, Lucihub‘s latest update offers a single sign-on experience that takes users from concept to completion, eliminating the need to juggle multiple tools.

A standout in this update is Creative Copilot, an enhanced version of Lucihub‘s AI pre-production platform, previously known as Butterfly. This tool marks a significant leap forward in AI-driven content creation, especially benefiting corporate video creation in HR, Communications and L&D teams. With Creative Copilot, users can transform initial ideas into structured scripts, shot lists, storyboards, and other marketing materials using simple, everyday language—no prompt engineering required—making professional-grade video pre-production accessible even for non-experts.

Included in Creative Copilot, Lucihub introduces an innovative voice-over studio that empowers users to add customizable voiceovers to their videos. Perfect for projects like employee onboarding and training videos, CEO messages, or employee highlight reels, this feature allows users to integrate high-quality voice talent into their projects with just a few clicks.

Adding to Lucihub’s suite of collaboration tools, the platform’s new teams and roles feature enables global collaboration, allowing teams worldwide to participate in projects from anywhere. With teams and roles, users can upload content from different locations, assign specific roles, and submit revisions seamlessly. This feature supports efficient teamwork, making it easy for contributors to stay aligned and engaged throughout the production process.

“We’re excited to launch Creative Copilot, the voice-over studio, and the teams and roles feature, which simplify video workflows and bring new dimensions to creative storytelling,” said Amer Tadayon, CEO of Lucihub. “These tools eliminate technical hurdles, allowing teams to focus on their creative vision and collaborate effortlessly across borders. With our professional human editors adding the finishing touch, we ensure every video achieves top-quality results.”

Lucihub’s new features are game changers, enabling users to navigate the full video production cycle on one platform. The platform supports pe-production tools, quick uploads of smartphone and proxy footage, and Lucihub’s expert editing team provides affordable, polished, high-quality content within hours, not weeks —ensuring that each project aligns with the user’s original creative vision.

For more information, visit www.lucihub.com

About Lucihub
Lucihub is a cutting-edge, AI-powered video production platform that streamlines content creation from start to finish. Designed to support user-generated content from multiple collaborators, Lucihub‘s all-in-one solution delivers professionally edited videos in hours, not weeks. Merging advanced AI tools with human creativity, Lucihub’s platform empowers users to produce high-quality videos quickly, affordably, and without complexity. With a mission to make professional video production accessible to all, Lucihub’s innovative approach to storytelling enables creators to efficiently turn ideas into reality with precision and ease.

Media Contact:
Jennifer Lopez, Vice President of PR at Lucihub
310-864-8633
386567@email4pr.com

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SOURCE Lucihub

CHARLOTTE, N.C., Nov. 20, 2024 /PRNewswire/ — Summitas, an innovative client engagement platform for family offices, wealth advisors, and their clients, is pleased to announce a strategic partnership with Risclarity, a leading financial data aggregation and reporting solution for family wealth firms. This collaboration aims to revolutionize the client experience for family offices, combining the strengths of both companies to deliver a best-in-class solution.

Family offices face the challenge of managing diverse and often complex financial data for ultra-high-net-worth clients. With Summitas’ secure and customizable client portals and Risclarity’s cutting-edge aggregation and reporting capabilities, clients will benefit from an enriched, user-friendly experience that enhances transparency, collaboration, and efficiency.

Key Benefits of the Partnership

Secure Data Integration: Summitas’ API integration with Risclarity ensures that sensitive financial information is securely provided to clients when they want it and on their device of choice. Summitas and Risclarity prioritize data security, ensuring that family offices can trust that the highest cryptography and compliance standards protect sensitive client information.

Enhanced Engagement: By providing consolidated investment reporting online, firms have deeper conversations with their clients when meeting in person.

“We are excited about integrating with Summitas,” said Rick Higgins, CEO and Founder of Risclarity. Combining our investment data aggregation service and bespoke reporting with Summitas’ client engagement portal enables family offices to create a best-of-breed technology capability while providing the end client with a complete and holistic view of their wealth.”

“This partnership with Risclarity underscores our commitment to providing family offices with the most secure, seamless, and innovative solutions available,” said Dan Gregerson, Chairman and CEO of Summitas. “By combining our robust client engagement platform with Risclarity’s advanced data aggregation and reporting, we’re creating a unified experience that enhances transparency, efficiency, and collaboration for wealth advisors and their clients.”

About Summitas
Established in 2007 by seasoned entrepreneurs with a deep understanding of ultra-high net worth clientele and mission-critical software development, Summitas was born out of a vision to harness technology to cater to the evolving needs of the 21st-century wealth industry.

About Risclarity
Risclarity fills in the technology gaps family wealth firms face when serving the complex needs of ultra-high-net-worth individuals and families. We enable firms to combine disparate data sets, scale their operations, and provide comprehensive client reporting. We are taking an innovative approach to simplifying complexity so our clients can scale efficiently and securely.

For more information on how Risclarity integrates with Summitas, please visit our partner integration page: https://www.risclarity.com/partners/summitas.

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SOURCE Summitas

The Enterprise Content Management (ECM) market is growing rapidly, propelled by factors like rising volumes of digital content across industries, driving organizations to adopt ECM solutions for efficient data management and workflow streamlining. Regulatory compliance demands, especially in highly regulated sectors like healthcare and finance, further boost ECM adoption as companies work to secure and organize records.

LEWES, Del., Nov. 20, 2024 /PRNewswire/ — The Global Enterprise Content Management ECM Market is projected to grow at a CAGR of 16.1% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 37.46 Billion in 2023 and is expected to reach USD 120.27 Billion by the end of the forecast period.

ECM solutions are becoming more attractive with cloud integrations and AI-driven analytics, enhancing flexibility and enabling valuable insights for optimized operations. However, certain challenges restrain market growth. High initial implementation costs and ongoing maintenance expenses can be prohibitive, particularly for small and medium-sized enterprises. Data privacy concerns, especially in cloud environments, create hesitations due to fears of unauthorized access and breaches. Complexity in integrating ECM with legacy systems also poses challenges, as seamless integration is vital to unlocking ECM’s full potential. Nonetheless, the ECM market is expected to expand, driven by continued innovation and a growing awareness of its productivity and compliance benefits.

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Browse in-depth TOC on Enterprise Content Management ECM Market

202 – Pages
126 – Tables
37 – Figures

Scope of The Report

Global Enterprise Content Management ECM Market Overview

Market Drivers Fueling Growth in the Enterprise Content Management ECM Market

Increasing Demand for Data-Driven Insights and Compliance Requirements
The rise of data-driven decision-making and strict compliance regulations are major drivers in the Enterprise Content Management (ECM) market. Organizations face growing pressure to manage and analyze vast amounts of data efficiently to gain competitive insights. Moreover, regulatory compliance in sectors like healthcare, finance, and government mandates robust ECM systems to ensure secure, traceable, and compliant handling of documents. This trend is propelling investments in ECM solutions that facilitate not only data storage but also analytics and compliance monitoring, ultimately driving the market forward.Shift to Cloud-Based ECM Solutions for Scalability and Flexibility
As businesses expand, the need for scalable, flexible, and accessible content management solutions is becoming critical, making cloud-based ECM solutions a popular choice. Cloud ECM allows companies to store and manage content without extensive on-premise infrastructure, which helps reduce costs and increase flexibility. The scalability of cloud solutions supports growth, and the ability to access content remotely has become vital in today’s remote and hybrid work environments. This shift toward cloud ECM is a significant driver, fostering growth as organizations seek more adaptable and efficient content management systems.Growth of Digital Transformation and Automation in Business Processes
Digital transformation initiatives are accelerating the adoption of ECM as organizations seek to modernize and automate content-heavy processes. ECM systems enable streamlined workflows, efficient document processing, and integration with other enterprise applications, which reduces manual workloads and operational inefficiencies. Automation capabilities, such as AI-driven categorization and predictive analytics, are further enhancing ECM’s value, allowing businesses to optimize resources and enhance productivity. This trend toward digital and automated solutions is a key market driver, making ECM a central element in modern business operations.

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Market Restraints Limiting Expansion in the Enterprise Content Management ECM Market

High Implementation and Maintenance Costs
One of the primary restraints in the Enterprise Content Management (ECM) market is the high cost associated with implementation and ongoing maintenance. ECM solutions, particularly for large organizations, require substantial upfront investment in terms of software, hardware, and skilled personnel for deployment. Additionally, the recurring costs of updates, troubleshooting, and training employees can be a financial burden, especially for smaller organizations. These high costs deter some businesses from adopting ECM solutions, thereby limiting market expansion, particularly in sectors with constrained IT budgets.Complexity in Integration with Existing Systems
Integrating ECM systems with existing IT infrastructure, including legacy systems and other enterprise software, presents a significant challenge for many organizations. Compatibility issues, data migration difficulties, and the need for customization can create complex and time-consuming integration processes. This complexity can disrupt operations and demand extensive technical expertise, making ECM adoption less appealing for organizations that lack the resources or personnel for a smooth transition. As a result, integration challenges continue to be a significant barrier in the ECM market, slowing its adoption rate.Data Security and Privacy Concerns
Data security and privacy concerns are critical limitations within the ECM market, particularly as data breaches and cyber threats continue to rise. Organizations are often wary of potential vulnerabilities in ECM systems, especially when cloud-based solutions are involved, as they might expose sensitive information to unauthorized access or data leaks. Regulatory pressures surrounding data protection, such as GDPR and HIPAA, further add to this restraint, as businesses must ensure ECM solutions comply with stringent data privacy standards. These security concerns discourage some organizations from fully committing to ECM, hindering market growth.

Geographic Dominance

The Enterprise Content Management (ECM) market showcases notable geographic dominance, with North America and Europe leading due to their advanced digital infrastructure, high levels of technological adoption, and strong regulatory frameworks around data management and compliance. North America, in particular, benefits from the presence of established ECM providers and a large number of businesses investing in digital transformation, making it a major contributor to market revenue. Europe follows closely, driven by GDPR regulations that compel companies to adopt robust ECM solutions for data privacy and security. Meanwhile, the Asia-Pacific region is emerging as a significant market due to rapid economic growth, increasing digitalization, and rising awareness of ECM benefits in countries like China, Japan, and India. In contrast, regions such as Africa and other parts of the world are in the early stages of ECM adoption, primarily due to limited IT budgets and infrastructure challenges. However, as digital transformation initiatives expand globally, these regions are expected to contribute to ECM market growth over time.

 Enterprise Content Management ECM Market Key Players Shaping the Future

Major players, including Hewlett Packard, M-Files, Microsoft, Newgen Software, OpenText, Oracle, Xerox, Alfresco Software, Hyland Software. and more, play a pivotal role in shaping the future of the Enterprise Content Management ECM Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Enterprise Content Management ECM Market Segment Analysis

Based on the research, Verified Market Reports® has segmented the global Enterprise Content Management ECM Market into Type, Application and Geography.

Enterprise Content Management ECM Market, By TypeRecordsImagesWeb PagesEnterprise Content Management ECM Market, By ApplicationCommunicationRetailTransportationEnterprise Content Management ECM Market, By GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Enterprise Content Management Software Market By Type (Cloud-Based, On-Premise), By Application (SME (Small and Medium Enterprises), Large Enterprise), By Geographic Scope And Forecast

Global Enterprise Content Management (ECM) System Market By Type (Cloud Based, On Premises), By Application (Large Enterprises, SMEs), By Geographic Scope And Forecast

Global Cloud-based Enterprise Content Management Market By Type (Document Management, Case Management), By Application (Education and Academia, Banking), By Geographic Scope And Forecast

Global Enterprise Content Collaboration Market By Type (Cloud, On-Premise), By Application (BFSI, Education), By Geographic Scope And Forecast

Global Mobile Content Management Market By Type (Small and Medium Enterprises, Big Enterprisers), By Application (Financial Services, Medical), By Geographic Scope And Forecast

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