The European ECM market is estimated to grow significantly during the forecast period. The rising trend towards cloud-based ECM solutions by enterprises is one of the major factors encouraging the growth of the market. Large storage space and proper management are required to store the commercial data generated by large as well as small & medium-sized enterprises. Cloud-based ECM can provide a solution as the data is stored on servers. Further, with the growing large amount of unstructured data generated through IoT, many enterprises have shifted their data to cloud storage by choosing cloud-based ECM solutions. As per the Eurostat, around 26% of the European Union enterprises used cloud computing in 2018 as compared to 21% in 2016. Thus, the growing unstructured data coupled with cloud-based ECM adoption mainly driving the market growth in the region. 

The European ECM market is segmented on the basis of deployment and industry. Based on the deployment, the market is further classified into cloud-based and on-premises. The on-premises segment is projected to have a considerable share in the European market. BFSI, government and defense, manufacturing, transportation, and logistics industry mostly prefer on-premise ECM solutions as this solution is more customizable as compared to cloud-based ECM, thus, it fulfills the requirements of all end-users. 

Based on the industry, the European ECM market is further segmented into BFSI, manufacturing, healthcare, government, IT & telecom, retail & e-commerce, and others. The IT & telecom segment is estimated to grow at a considerable CAGR during the forecast period. Based on geography, the European ECM market is further segregated into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Among, geography the UK is projected to have a considerable share in the European ECM market.  

The companies which are contributing to the growth of the European ECM market include Microsoft Corp., Oracle Corp., IBM Corp., SAP SE, Open Text Corp., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the European ECM market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for ECM providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. European ECM Market Research and Analysis by Deployment 
2. European ECM Market Research and Analysis by Industry

The Report Covers

• Comprehensive research methodology of the European ECM market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European ECM market.
• Insights about market determinants that are stimulating the European ECM market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.