The global enterprise information management market to grow at a CAGR of 19.51% during the period 2016-2020.
Global Enterprise Information Management (EIM) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is boosting market growth is big data governance. Enterprise-level information governance is becoming complex and growing rapidly because of cross-functional workgroups, business processes, disparate locations, and unstructured data. Enterprise level data grow at the rate of 30%-40% per year. Therefore, it is imperative for organizations to adopt effective and efficient solutions for data lifecycle management, compliance, and security.
According to the report, a key growth driver is the increased need to comply with regulatory requirements. Organizations are subject to follow regulatory requirements to manage corporate data. Governments worldwide are enforcing acts and policies such as Sarbanes-Oxley Act (SOX) in the US, the Health Insurance Portability and Accountability Act (HIPAA) in the US, and data breach notification laws that companies need to comply for conducting business effectively. SOX details various controls essential for handling financial information. HIPAA establishes instructions to secure and deal with protected health information.
Further, the report states that one challenge that could curtail market growth is the reluctance to adopt new systems.
To calculate the market size, we consider the revenue generated from the deployment of EIM solutions both on-premise and in the cloud.
The solutions covered in the report includes:
- Business intelligence (BI) - Enterprise data management (EDM) - Enterprise search management - Enterprise content management (ECM) - Information asset management (IAM) - Information governance
- EMC - IBM - Oracle - SAP - SAS
Other prominent vendors
- AABYY - Adobe Systems - Canto - CMO Software - Cognizant - Enablon - Gimmal - HP - Hyland Software - Intelex Technologies - KCura - Mega International - Metric Stream - OpenText - Resolver