A "buoyant" investment outlook is helping to make enterprise content management (ECM) one of the fastest growing sectors of the enterprise applications market, it has been reported.
Companies and Markets has published the latest Datamonitor Market Focus for the segment, concentrating on the future prospects for the ECM sector.
Data growth is singled out for mention as one of the main issues to be tackled by organizations in the coming months.
As such, the analyst claims that expenditure on enterprise applications is likely to increase – which could see firms spending on add-ons to an existing ECM system such as a document viewer or image conversion tool.
Meanwhile, Companies and Markets anticipates that the 2012 value on the sector is likely to top $3.5 billion – more than double its 2006 market worth of $1.6 billion.
"An exponential growth in content generation and replication, along with an increasing tendency of content-centric collaboration within enterprises, is necessitating the adoption of enterprise-wide content management solutions," the organization states.
Such content-centric approaches could include the installation of image conversion tools or the use of a document viewer to access publicly available files.
Earlier in the year, Companies and Markets published a Butler Group study which claimed that document and records management systems have progressed from being used to solve a specific problem to being employed in order to meet compliance requirements.