IDC: Document Management Software Gains
Added 30th Nov 2009Speaking about the study, "Asia/Pacific (Excluding Japan) Content Management Pulse Check, Adoption Drivers, and Barriers in 2009: What Are Buyers Prioritizing?", "In India, Singapore, the People's Republic of China (PRC), and Australia, managing content published on the Web is the top role played by CM software, "Ridhi Sawhney, Market Analyst of Asia/Pacific Software Research at IDC, said. "Managing content with ever-increasing volumes of information, mounting regulatory pressure, and disparate applications with isolated data repositories, remains a big challenge. There is continuous demand for content management software from legacy businesses and developing countries as organizations endeavor to transition from manual overlay systems to automated systems.
CM market in the region is expected to grow steadily at a five-year compound annual growth rate (CAGR) of 7.42 percent, reaching US$ 308.42 million (about Rs. 1387 crore) by 2013."
Collectively, the top 5 vendors that include IBM, EMC, HP, Oracle and Interwoven, represent approximately 58 percent of the CM market in the region. Local vendors like Newgen Software and Cyberdime are also growing strong and are among the top 10 in the region.
Risk and compliance continue to drive the demand for records management and is basically used for regulatory requirements and business processes. And the demand for Web CM is driven more by the desire to enhance and reinforce brand, build customer loyalty, accelerate delivery of new products and services, and create competitive advantage.
Findings of IDC's Asia/Pacific Software Adoption Survey conducted in 1H 2009 suggest that spending intentions for CM software are generally promising. Most respondents indicated that they are planning to increase spending on CM software currently deployed and that ranges from 27.7 percent to 37.9 percent of respondents, depending on the type of CM software. The survey also reveals that India and the PRC are the leading countries that are currently using records and document management and will increase their spending in the next 18 months. Whereas, Australia is one country with a high percentage of respondents that are using document management (15.2 percent), Digital and Asset Management (17.1 percent) and capture & image management (26.6 percent) now but intend to decrease such spending over the next 18 months or so.
