Cloud Enterprise Management Market - Growth, Trends, and Forecast (2020 - 2025)

The cloud enterprise management market was valued at USD 3.51billion in 2019 and is expected to reach USD 9.54 billion by 2025, recording a CAGR of 18.62% over the forecast period of 2020-2025. Rising trends of enterprise mobility and wearables are spurring demand across the cloud enterprise management market. For instance, according to a study, employees wearing smart devices have been more productive in their jobs. It has been found that there is an increase of 8.5% in productivity and 3.5% more satisfaction with their jobs.

• Enterprise content management (ECM) solutions empower an organization to take full advantage of the customer information and the company knowledge embedded in its content. ECM solutions capture, store, activate, analyze, and automate business content, by providing new value from data, which was previously unstructured and unavailable.
• While content is doubling every 90 days, around 80% of the content utilized by knowledge workers for core revenue generation projects is unstructured. This critical growth of unstructured content is becoming a significant restraint for several organizations, particularly enterprises. Therefore, the number of enterprises that leverage the power of cloud computing is on the rise.
• Apart from the growth in the digital content across enterprises, easier access from remote end-points, the need for regulatory compliances and the need for protection of enterprise data against disaster are acting as other major drivers for the shift from the legacy ECM solutions to the cloud.
• However, increasing uptake of cloud computing technology and the rising trend of enterprise mobility are driving the growth of the market. Internet breakdown and bandwidth limitations are hindering the growth of the market.