Published Date : May 23, 2016
ALBANY, NY, May 23, 2016 - MarketResearchReports.biz has announced the addition of a new report, titled ‘Global Enterprise Information Management (EIM) Market: Size, Trends And Forecasts (2016-2020),’ to its online repository. According to the report, the global enterprise information management (EIM) market is expected to expand rapidly during the period between 2016 and 2020 owing to factors such as the growth in unstructured information, the rise in cloud computing, new regulations, and the upsurge in big data analytics software.
Enterprise information management (EIM) is a field in IT that specializes in finding solutions for the optimum use of information in companies. For example, EIM is used extensively in organizations to support core decision-making processes and to manage daily operations. EIM tries to overcome IT-related barriers in order to manage data at an enterprise level. EIM uses an approach of managing information from the enterprise’s point of view.
The global enterprise information management (EIM) market is segmented into analytics, enterprise content management (ECM), information exchange, business process management (BPM), customer experience management (CEM), and discovery. Currently, the enterprise content management (ECM) segment dominates the global enterprise information management (EIM) market and is expected to maintain its dominance in the years to come. Going forward, the discovery segment is expected to be the segment with the highest growth rate.
Organizational drivers such as marketing opportunities, customer services, fraud detection, and process improvement are also expected to propel the global enterprise information management market in the years to come. Even though the global enterprise information management market is benefited by numerous growth drivers, there are a few challenges that it is expected to face. Factors such as information challenges and organizational challenges are expected to hamper the growth of the global enterprise information management market in the next few years.
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Going forward, this market is expected to face many security concerns across different industry verticals. The growing mobile access to EIM data is anticipated to benefit the global EIM market. The Internet of Things (IoT) is also predicted to generate huge volumes of data that requires EIM platform. All these factors are expected to create new growth opportunities in the global enterprise information management market.
The entry of companies introducing new EIM applications is expected to benefit the global market in the long run. Leading players such as Oracle Corporation, IBM Corporation, EMC Corporation, Microsoft Corporation, and Open Text Corporation are operating in the global enterprise information management market. With technical advancements and the introduction of new EIM solutions, leading players are expected to increase their contribution towards the growth of the global EIM market.
Several organization in the IT industry are moving to cloud-based services, which makes them vulnerable to leaks or data theft. Thus, with a rise in cloud computing services, the demand for EIM is expected to increase in the years to come.
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