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Immersive Entertainment Market Skyrockets to $519.77 Billion by 2031 Dominated by Tech Giants – Microsoft Corp, Qualcomm Inc and Google LLC | The Insight Partners

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The global immersive entertainment market is set for explosive growth, with projections indicating a surge to $519.77 Billion by 2031. This remarkable expansion, driven by widespread application of immersive technologies across entertainment industry.

NEW YORK, Nov. 28, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the “Immersive Entertainment Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Technology, End User, and Geography”, the market is observing significant growth owing to widespread application of immersive technologies across entertainment industry, increasing adoption of digital transformation model among organizations and growing spending on live events worldwide.

For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/immersive-entertainment-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the immersive entertainment market comprises a vast array of component, technology, end user and geography which are expected to register strength during the coming years.

Market Overview and Growth Trajectory:

Immersive Entertainment Market Growth: According to an exhaustive report by The Insight Partners, the Immersive Entertainment Market is experiencing significant growth, driven by rising demand for cloud computing. The market, valued at $87.51 Billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.9% during 2023–2031.

For More Information and To Stay Updated on The Latest Developments in The Immersive Entertainment Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00038939/

Technological Innovations: Over the past few years, technological advancements have brought closer to completely realistic and immersive experiences in VR and immersive entertainment. The application of AI to improve VR and immersive entertainment capabilities has been one of the main forces behind this advancement. AI is the process of educating robots to analyze and interpret data to make predictions and judgments. It can take many different forms in the context of VR and immersive entertainment such as improving the realism of virtual settings or producing lifelike interactions between users and virtual items. The power of AI to create realistic and dynamic landscapes is one of the most significant ways technologies transform VR and immersive entertainment.

Widespread Application of Immersive Technologies Across Entertainment Industry: Immersive technologies, from virtual reality (VR) and augmented reality (AR) to mixed reality (MR) and extended reality (XR), offer new possibilities for the entertainment industry. The entertainment industry has seen a rise in the usage of immersive technology, which allows users to fully immerse themselves in virtual environments or engage in novel and fascinating interactions with fictitious characters and tales. In past years, VR systems were bulky and expensive, making them inaccessible to most consumers. Nonetheless, customers have been interested in immersive technology in recent years as VR headsets have become widely available and reasonably priced. People can now explore new worlds and play immersive video games in their living rooms. Companies such as Oculus, HTC Corporation, and Sony have provided VR experiences.

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Increasing Adoption of Digital Transformation Model Among Organizations: Organizations struggle to compete in a constantly changing and dynamic market. Hence, with digital transformation, businesses seek to boost their competitive advantage, enhance business performance, and achieve business growth. Digital transformation has become a new model for many organizations to gain competitive advantages in the intense and dynamic market competition. Over the years, business across various sectors has undergone substantial change, with digital technology being a major contributor to this evolution. Digital technology breakthroughs have transformed the way consumers produce and consume entertainment, changing the sector beyond recognition. By providing new and interesting ways to generate, distribute, and consume media material such as movies, TV shows, and music, creative techniques of generating and sharing have completely changed the entertainment industry.

Geographical Insights: North America dominated the immersive entertainment market in 2023; it would continue to dominate the market during the forecast period. Europe is the second-largest contributor to the global immersive entertainment market, followed by Asia Pacific.

Immersive Entertainment Market Segmentation, Applications, Geographical Insights:

Based on component, the immersive entertainment market is segmented into hardware and software & services. The hardware segment held a larger market share in 2023.

Based on technology, the immersive entertainment market is segmented into virtual reality, augmented reality, mixed reality, and others. The virtual reality segment dominated the market in 2023.

In terms of end user, the immersive entertainment market is segmented into media & entertainment, gaming, design & architecture, retail, education, and others. The media & entertainment segment dominated the market in 2023.

The immersive entertainment market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.

Purchase Premium Copy of Global Immersive Entertainment Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00038939/

Key Players and Competitive Landscape:

The Immersive Entertainment Market is characterized by the presence of several major players, including:

Microsoft CorpQualcomm IncGoogle LLCSony Group CorpInfosys LtdHTC CorpSamsung Electronics Co LtdApple IncMagic Leap, IncSalesforce Inc

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

For Region-Specific Market Data, Check Out Brief Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00038939/

Immersive Entertainment Market Recent Developments and Innovations:

“Microsoft Corp collaborated with Xbox on the ‘Power Your Dreams experience’. “The dream narration mixed with these powerful visuals really creates an immersive entertainment experience that takes fans into a world of imagination.” The Power Your Dreams immersive audio-visual experience at the Outernet offers a world where imagination meets reality and is curated by dream psychologist, Ian Wallace. Inspired by three Xbox titles — Starfield, Cyberpunk 2077: Phantom Liberty, and the as-yet-unreleased Senua’s Saga: Hellblade 2 — participants are taken on a journey through different worlds and encouraged to use their imagination to dream, explore, and create.”

“Qualcomm Inc announced the Snapdragon XR2+ Gen 2 Platform, a single-chip architecture that unlocks 4.3K spatial computing at 90 frames per second for breathtaking visual clarity across work and play. The Snapdragon XR2+ Gen 2 supports 4.3K per eye resolution and 12 or more concurrent cameras to deliver crisp, immersive mixed reality (MR) and virtual reality (VR) experiences.”

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Conclusion:

Over the past few years, the immersive entertainment market has seen a spectacular evolution that has attracted customers and artists. The immersive experience has been fueled by technological advancements such as virtual reality (VR) and augmented reality (AR), which have also expedited the entertainment industry’s rapid expansion. Technologies such as AR, MR and VR headsets, 3D displays, 3D audio, gesture recognition, spatial sensing, holograms, speech recognition, haptics, AI, drones, and cameras are becoming accessible, affordable, and valuable, which is encouraging their adoption in areas, including gaming, education, and entertainment. With technological advancements, science fiction will increasingly become a reality with realistic and complex immersive experiences that blur the boundaries between the virtual and physical worlds. Although immersive entertainment is still in the early stages, it is already starting to significantly impact the video game, movie, and music industries. In the coming years, it is anticipated to dramatically affect several different areas, including retail, healthcare, and education.

With projected growth to $519.77 Billion by 2031, the Immersive Entertainment Market represents a significant opportunity for raw material suppliers, hardware manufacturers, software developers, system integrators, investors, industry stakeholders, end users and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

Immersive Virtual Reality Market Size and Forecasts (2021 – 2031)Immersive Technologies Market Size and Forecasts (2021 – 2031)Virtual Reality (VR) Market Analysis and Forecast by Size, Share, Growth, Trends 2031Augmented Reality and Virtual Reality Market Report 2031

About Us: 
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876 
Press Release: https://www.theinsightpartners.com/pr/immersive-entertainment-market

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Technology

WILDBRAIN UPDATES SHAREHOLDERS ON AVAILABILITY OF MEETING MATERIALS FOR ITS FISCAL 2024 ANNUAL GENERAL MEETING

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TORONTO, Nov. 28, 2024 /CNW/ – WildBrain Ltd. (“WildBrain” or the “Company”) (TSX: WILD), a global leader in kids’ and family entertainment, today announced that, due to the ongoing Canada Post labour dispute, delivery of the notice of meeting, information circular, and proxy form (the “Meeting Materials”) for the Company’s upcoming Annual and General Meeting (the “Meeting”), to be held on Thursday, December 19, 2024 at 10:00 a.m. Eastern Time, will be significantly delayed until the Canada Post labour dispute is resolved, and shareholders may not receive physical copies of the Meeting Materials in advance of the Meeting.

Copies of the Meeting Materials including the form of proxy have been filed and are available on the Company’s SEDAR+ profile at www.sedarplus.ca.

If you are a registered shareholder, please call the Company’s Transfer Agent, Computershare on (800) 564-6253 to request a control number to cast your vote for the upcoming Meeting.

If you hold shares through an intermediary such as a brokerage firm, please contact your intermediary directly for a copy of the proxy form.

The voting deadline for the Company’s upcoming Meeting is 10:00 a.m. Eastern Time on December 17, 2024.

WildBrain has elected to hold the Meeting as a virtual event, which will be conducted via live video webcast, at https://meetnow.global/MNUKWUJ.

For more information, please contact:

Investors: Kathleen Persaud – VP Investor Relations, WildBrain
kathleen.persaud@wildbrain.com
+1 212-405-6089

Media: Shaun Smith – Sr. Director, Global Communications & Public Relations, WildBrain
shaun.smith@wildbrain.com
+1 416-977-7230

About WildBrain

At WildBrain we inspire imaginations through the wonder of storytelling. As a leader in 360° franchise management, we are experts in content creation, audience engagement and global licensing, cultivating and growing love for our own and partner brands around the world. With approximately 14,000 half-hours of kids’ and family content in our library—one of the world’s most extensive—we are home to such treasured franchises as Peanuts, Teletubbies, Strawberry Shortcake, Yo Gabba Gabba!, Inspector Gadget and Degrassi. WildBrain’s mission is to create exceptional entertainment experiences that captivate and delight fans both young and young at heart.

Our studios produce such award-winning series as The Snoopy Show; Snoopy in Space; Camp Snoopy; Strawberry Shortcake: Berry in the Big City; Sonic Prime; Chip and Potato; Teletubbies Let’s Go! and many more. Enjoyed in more than 150 countries on over 500 platforms, our content is everywhere kids and families view entertainment, including YouTube, where our network has garnered approximately 1.5 trillion minutes of watch time. Our television group owns and operates some of Canada’s most loved family entertainment channels. WildBrain CPLG, our leading consumer-products and location-based entertainment agency, represents our owned and partner properties in every major territory worldwide. 

WildBrain is headquartered in Canada with offices worldwide and trades on the Toronto Stock Exchange (TSX: WILD). Visit us at wildbrain.com.

Forward-Looking Statements

This press release contains “forward-looking statements” under applicable securities laws with respect to the Company. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include the availability of and cost of financing, general economic and market conditions and the impact of such conditions on the industries in which WildBrain operates, competition and the potential impact of industry mergers and acquisitions, market factors, WildBrain’s ability to identify and execute anticipated production, distribution, licensing and other contracts, contractual counterparty risk, the ability of WildBrain to realize the expected value of its assets, supply chain and other related disruptions, and risk factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under “Risk Factors” in the Company’s most recent Annual Information Form and annual Management Discussion and Analysis. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

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Technology

Printed Electronics Market to Grow by USD 68.68 Billion (2024-2028), Rising Demand for Flexible Displays Drives Growth, Report Highlights AI Evolution – Technavio

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NEW YORK, Nov. 28, 2024 /PRNewswire/ –Report on how AI is driving market transformation – The global printed electronics market size is estimated to grow by USD 68.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  17.92%  during the forecast period. Growing demand for flexible display is driving market growth, with a trend towards emerging stretchable electronics. However, challenge of encapsulation  poses a challenge. Key market players include Agfa Gevaert NV, BASF SE, DuPont de Nemours Inc., Dycotec Materials Ltd., Enfucell, Fujikura Co. Ltd., Henkel AG and Co. KGaA, InnovationLab GmbH, Jabil Inc., Koch Industries Inc., Nissha Co. Ltd., NovaCentrix, Optomec Inc., Printed Electronics Ltd., Samsung Electronics Co. Ltd., Schreiner Group GmbH and Co. KG, TE Connectivity Ltd., Xerox Holdings Corp., YFY Inc., and Ynvisible Interactive Inc.

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                                                                                                      Printed Electronics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 17.92%

Market growth 2024-2028

USD 68679.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.18

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key countries

South Korea, Japan, China, US, and UK

Key companies profiled

Agfa Gevaert NV, BASF SE, DuPont de Nemours Inc., Dycotec Materials Ltd., Enfucell, Fujikura Co. Ltd., Henkel AG and Co. KGaA, InnovationLab GmbH, Jabil Inc., Koch Industries Inc., Nissha Co. Ltd., NovaCentrix, Optomec Inc., Printed Electronics Ltd., Samsung Electronics Co. Ltd., Schreiner Group GmbH and Co. KG, TE Connectivity Ltd., Xerox Holdings Corp., YFY Inc., and Ynvisible Interactive Inc

Market Driver

The Printed Electronics Market is experiencing significant growth, particularly in consumer electronics and IoT applications. OLED displays and printed RFID devices are leading the trend, offering higher efficiency, lower power consumption, and upgrades through easy upgrades and improvisations. Companies like CymMetrik are driving innovation with advanced materials, inks, and substrates. Flexible substrates, such as glass, silicon, flexible foil, paper, and Polyethylene Terephthalate (PET), are used in various devices like photovoltaic, lighting, RFID, and other devices. Ink materials and substrate material segments are key areas of focus, with conductive inks in silver, carbon, and metallic varieties, and graphene ink gaining popularity. Printing technologies like inkjet, screen-printing, gravure, and flexographic are used, with R2R printing and offset printing also in use. While high investment costs are a challenge, the market’s potential for cost-effectivity, accuracy, authenticity, reliability, and innovation in smart packaging, photovoltaic devices, solar energy, and various other devices make it an exciting space to watch. 

Stretchable electronics, a technology for constructing flexible electronic circuits, is gaining significant traction in various industries. These electronics are designed to be placed on stretchable substrates or embedded within materials like silicones and polyurethanes. The market for stretchable electronics is projected to expand, particularly in the healthcare sector. This growth is attributed to the increasing demand for real-time patient monitoring, especially for individuals with critical health conditions, as well as the application of these technologies in military and sports sectors for health tracking and management. Key applications include cyber skins for robotic devices, implantable electronics, moldable energy storage devices, and blood glucose test strips. 

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 Market Challenges

 The Printed Electronics Market is experiencing significant growth due to its applications in consumer electronics, IoT devices, and various other sectors. OLED displays and RFID devices are leading the way, offering advantages such as higher efficiency, lower power consumption, and upgrades through easy upgrades and improvisations. Companies like CymMetrik are driving innovation with advanced materials, inks, and substrates. Flexible substrates like glass, silicon, and flexible foil, as well as paper and PET, are used in inkjet printing, screen-printing, and other technologies. Challenges include high investment cost for advanced technologies like R2R printing, gravure printing, offset printing, and inkjet or screen printing. The market for printed batteries, sensors, and medical & healthcare devices is expanding, with a focus on accuracy, authenticity, reliability, and cost-effectivity. Ink materials and substrate material segments include conductive inks, silver, carbon inks, metallic inks, and graphene ink. The photovoltaic devices segment, which includes solar energy, is also gaining traction.The encapsulation process for printed electronics, particularly in the manufacturing of flexible OLED displays and light panels, is a costly challenge. This issue is not limited to flexible substrates but also applies to rigid ones. With mass production of these panels, the cost increases significantly. Companies like Samsung and LG Display, which use vapor deposition techniques for OLED displays with curved form factors, face this expense. This challenge is anticipated to persist in printed OLED displays, where the encapsulation cost will be comparable to vapor deposition methods.

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Segment Overview 

This printed electronics market report extensively covers market segmentation by  

Technology 1.1 Screen1.2 Inkjet1.3 Gravure1.4 FlexographicApplication 2.1 Display2.2 Sensors2.3 Photovoltaics2.4 Battery2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Screen-  The screen-printing process is a well-established technology in the printed electronics market for creating high-quality and reliable printed circuits. Its advantages include high throughput, high resolution, and a low cost per unit. Screen printing is particularly suitable for large-area and high-volume production in applications such as flexible displays, photovoltaics, and touch screens. Although it may not be ideal for producing small, intricate patterns with high precision, screen printing’s ability to create thick and highly conductive traces makes it suitable for high-current applications. Despite some limitations, such as the need for significant setup time and cost for stencils or masks, screen printing’s popularity continues in the printed electronics market due to its proven performance and versatility. Therefore, the screen-printing segment is expected to contribute significantly to the growth of the global printed electronics market during the forecast period.

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Research Analysis

Printed electronics is a rapidly evolving technology that is revolutionizing the consumer electronics industry. This technology enables the production of electronic components directly onto various substrates, including glass, silicon, flexible foil, paper, and Polyethylene Terephthalate (PET). The market for printed electronics is expanding due to its applications in IoT devices, OLED displays, RFID tags, and various communication devices. Printed electronics offer several advantages over traditional electronics, such as lower production costs, higher efficiency, and low power consumption. This technology is a research arena for upgrades and improvisations, with advancements in materials, inks, and substrates. Ink materials include conductive polymers, metal nanoparticles, and organic semiconductors, while substrate material segments include flexible substrates like PET and glass. Printing techniques such as inkjet printing and screen-printing are commonly used in the production of printed electronics. The market for printed electronics is expected to grow significantly in the coming years due to the increasing demand for smartphones, wearable devices, and other IoT applications. Overall, printed electronics is a dynamic and innovative field that is transforming the consumer electronics industry.

Market Research Overview

Printed electronics is an emerging technology that is revolutionizing the consumer electronics industry by enabling the production of flexible, lightweight, and cost-effective electronic devices. This technology is finding extensive applications in IoT, consumer electronics, and various other sectors. The technology offers several advantages such as higher efficiency, lower power consumption, and upgrades through easy upgrades and improvisations. Printed electronics are used in various applications including OLED displays, RFID devices, and communication devices. The market for printed electronics is driven by the demand for IoT devices, smartphones, and display devices. The technology utilizes various materials such as inks, substrates, and ink materials segment like conductive inks made of silver, carbon, metallic inks, and graphene ink. Substrate materials include glass, silicon, flexible foil, paper, and Polyethylene Terephthalate (PET). Printing technologies include inkjet printing, screen-printing, gravure printing, and R2R printing. While screen printing technology is widely used, other printing technologies like gravure and offset printing are also gaining popularity. The market for printed electronics is diverse and includes photovoltaic devices for solar energy, lighting, RFID, other devices like printed batteries, sensors, and medical & healthcare applications. The technology offers benefits such as accuracy, authenticity, reliability, and cost-effectivity. However, the high investment cost associated with the production of these devices remains a challenge for the market. Smart packaging is another growing application area for printed electronics. The market for printed electronics is expected to grow significantly in the coming years due to its numerous advantages and increasing demand from various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyScreenInkjetGravureFlexographicApplicationDisplaySensorsPhotovoltaicsBatteryOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Enterprise Content Management Market to Grow by USD 35.03 Billion (2024-2028), Demand for Secure Content & Automated Workflows Rises, with AI Driving Transformation – Technavio

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NEW YORK, Nov. 28, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global enterprise content management market size is estimated to grow by USD 35.03 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  21.48%  during the forecast period. Growing need to enhance content security and optimize business processes with automated workflows is driving market growth, with a trend towards rise in adoption of ai-based enterprise content management. However, difficulties with integration and implementation of enterprise content management with current applications poses a challenge. Key market players include Acquia Inc., Adobe Inc., Alfresco Software Ltd., Capgemini Service SAS, Compulink Management Center Inc., Datamatics Global Services Limited, DNN Corp., Epicor Software Corp., HP Inc., Hyland Software Inc., International Business Machines Corp., M Files, Microsoft Corp., Newgen Software Technologies Ltd., OpenText Corp., Optimizely Inc., Oracle Corp., Ricoh Co. Ltd., Salesforce Inc., and Xerox Holdings Corp..

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                                                                                    Enterprise Content Management Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 21.48%

Market growth 2024-2028

USD 35026.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

17.41

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, Germany, UK, Canada, and France

Key companies profiled

Acquia Inc., Adobe Inc., Alfresco Software Ltd., Capgemini Service SAS, Compulink Management Center Inc., Datamatics Global Services Limited, DNN Corp., Epicor Software Corp., HP Inc., Hyland Software Inc., International Business Machines Corp., M Files, Microsoft Corp., Newgen Software Technologies Ltd., OpenText Corp., Optimizely Inc., Oracle Corp., Ricoh Co. Ltd., Salesforce Inc., and Xerox Holdings Corp.

Market Driver

The Enterprise Content Management (ECM) market is witnessing a significant trend towards centralized platforms that help business organizations manage information throughout the project lifecycle. Bigger organizations require efficient and secure ways to manage sensitive data and regulatory content on wireless devices. Operational efficiency and compliance requirements are key concerns, as risks such as data breaches and unauthorized access pose significant threats. ECM solutions offer features like indexing, retrieval, and informed decision-making for improved patient care and administrative efficiency in healthcare. Centralized repositories ensure the integrity of content assets, including electronic health records, consent forms, insurance claims, and invoices. In industries like telecom and IT, manufacturing, media and entertainment, and financial services, ECM platforms enable automation of workflows, record management, and audit trails. ECM systems are increasingly integrating artificial intelligence, machine learning, and predictive learning to enhance document management, risk reduction, and content collaboration. Enterprise size, industry regulations, and digital transformation initiatives influence the choice between on-premise and cloud-based ECM systems. Consulting, system integration, and operation & maintenance services ensure effective implementation and ongoing support. ECM solutions provide end-to-end platform capabilities, mobile platforms, and cloud platforms to cater to diverse business needs. 

Enterprise content management systems have experienced increased adoption of AI technology. Companies in various industries integrate AI into their content management systems to streamline operations and gain a competitive edge. An illustration of this trend is the implementation of AI-driven chatbots in customer service. These chatbots, fueled by AI, efficiently access and retrieve pertinent information from the content management system, enabling them to provide prompt and accurate responses to customer inquiries. This enhances customer satisfaction and enables customer service teams to focus on more intricate issues. 

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 Market Challenges

Business organizations face numerous challenges in managing their content, particularly during the project lifecycle. Bigger organizations deal with vast amounts of sensitive information, including electronic health records, patient medical history, diagnostic reports, and treatment plans, which require strict compliance with regulatory requirements and high levels of security. Centralized ECM platforms offer a solution, providing a centralized repository for content assets, enabling efficient indexing, retrieval, and informed decision-making. However, challenges persist, such as risks of data breaches and unauthorized access. ECM solutions offer security features, including consent forms, audit trails, and access controls. Wireless devices and cloud platforms expand accessibility, but raise concerns for data security and confidentiality. ECM market offers various solutions, including document management, workflow automation, and record management, catering to industries like healthcare, financial services, telecom and IT, manufacturing, media and entertainment, and more. Enterprises face operational efficiency and compliance requirements, necessitating the need for ECM platforms that offer automation, business continuity, and digital transformation initiatives. Effective operations and high-quality patient care rely on efficient content management processes, reducing risks, and ensuring data integrity. ECM solutions offer end-to-end platforms, mobile platforms, and AI-integrated systems, requiring a skilled workforce for system integration, operation & maintenance, and consulting services.Enterprise content management is a crucial business tool for managing, organizing, and storing digital content. However, integrating and implementing this solution with existing applications can present challenges. Technical limitations of current technology infrastructure are a significant hurdle. For instance, outdated database systems may not be compatible with the database management component of enterprise content management systems. This incompatibility can hinder the successful implementation of enterprise content management solutions. To overcome these challenges, businesses may need to invest in upgrading their technology infrastructure or seek the assistance of technology experts. By addressing these technical limitations, businesses can effectively leverage enterprise content management to streamline their content management processes and improve overall efficiency.

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Segment Overview 

This enterprise content management market report extensively covers market segmentation by  

Deployment 1.1 On-premises1.2 CloudEnd-user 2.1 BFSI2.2 Manufacturing2.3 Healthcare2.4 Retail2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 On-premises-  On-premise Enterprise Content Management (ECM) solutions refer to the deployment of software or applications within a company’s network infrastructure or physical hardware. This approach offers several advantages to businesses. Firstly, it provides enhanced security as companies can maintain critical data within their own network, reducing the risk of data breaches or unauthorized access. Secondly, businesses can ensure compliance with industry regulations and internal policies by controlling access privileges, data encryption, and security configurations. Thirdly, on-premise deployment offers customization benefits, allowing companies to configure their workflows, integrations, and user roles to suit their specific needs. Lastly, it provides performance benefits by eliminating lag time associated with cloud-based systems or web applications. Several industries, including healthcare, finance, and government agencies, have adopted on-premise solutions due to their sensitive nature and regulatory requirements. For instance, healthcare providers must adhere to regulations like HIPAA, which necessitates secure systems for managing patient data. Therefore, the on-premise segment’s growth in the global market is expected to be driven by these factors during the forecast period.

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Research Analysis

Enterprise Content Management (ECM) refers to the centralized platform used by business organizations to manage and store various types of information throughout the project lifecycle. Bigger organizations rely on ECM systems to efficiently manage structured and unstructured content, including regulatory content, wirelessly from wireless devices. ECM solutions enable effective information sharing, audit management, and compliance requirements. They offer document management, case management, workflow management, record management, digital asset management, and content management tools. Cloud-based storage, artificial intelligence, machine learning, predictive learning, audit trails, data security, and social media content management are some advanced features of ECM systems. Sensitive data, corporate information, and paperwork are effectively managed and secured using these systems, ensuring operational efficiency and reducing the need for physical storage.

Market Research Overview

The Enterprise Content Management (ECM) market is a dynamic and growing industry that provides businesses of all sizes with centralized platforms for managing and securing their information throughout the project lifecycle. Bigger organizations rely on ECM solutions to streamline operational efficiency, ensure compliance with regulatory requirements, and mitigate risks related to data breaches and unauthorized access. ECM platforms offer a centralized repository for managing content assets, including sensitive data, and provide security features such as encryption, access controls, and audit trails. They enable digital processes for industries like healthcare, where electronic health records, patient medical histories, diagnostic reports, and treatment plans are crucial for informed decision-making and improved patient care. ECM solutions offer document capture, imaging process, and digitizing paper documents into electronic formats, reducing manual data entry and paperwork. They also provide workflow automation, remote access capabilities, and indexing and retrieval features for efficient document management and informed decision-making. The ECM market caters to various industries, including telecom and IT, manufacturing, media and entertainment, financial services, and healthcare, among others. It offers cloud-based and on-premise solutions, as well as consulting, system integration, and operation & maintenance services. ECM platforms also offer AI-integrated systems, predictive learning, and record management capabilities, making them essential tools for businesses undergoing massive digital transformation initiatives.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloudEnd-userBFSIManufacturingHealthcareRetailOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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SOURCE Technavio

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