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Majority of companies expected to increase ECM spending this year

by | Feb 23, 2012

A recent report by Forrester Research analyst Alan Weintraub suggested that the enterprise content management market is expected to rebound this year, according to CMS Wire.

Of the more than 250 IT professionals surveyed by the market research firm, 71 percent of participants said their organizations plan to invest in ECM ventures in 2012. CMS Wire reported that the research also showed 43 percent of respondents had annual revenue of $1 billion or more.

Small and medium-sized businesses are also expected to increase their ECM initiatives this year. The Forrester Research poll said that nearly 60 percent of SMBs surveyed will allocate funding for such projects, increasing from 49 percent in a 2009 study, CMS Wire reported.

The global ECM industry is expected to grow in the near future, according to separate ABI Research study. By 2015, worldwide revenue for ECM services is projected to reach nearly $3.5 billion, growing from approximately $899 million in 2010. The use of Microsoft SharePoint will continue to drive the market forward.

“SharePoint implementations are pervasive. However, smaller vendors are building solutions with compelling ‘social’ features that can integrate well with SharePoint, bridging significant solution gaps and addressing critical market needs,” said ABI Research practice director Dan Shey.