The Europe Electronic Data Management Market would witness market growth of 10.8% CAGR during the forecast period (2023-2029).
Due to features of electronic records management solutions like data sharing via file feeds, high-quality online services, and single sign-on across the network, the increased adoption of cloud computing technology across numerous business sectors is anticipated to spur the expansion of the electronic data management market during the forecast period. Businesses are increasingly looking at modern electronic records management systems to streamline operations and assist management in making wise choices. Processes used to be conducted manually, which took a lot of time & money and also was prone to mistakes because it involved human labor.
Businesses can now automate activities, increasing efficiency due to the development of electronic data management systems. During the expected period, this factor is anticipated to accelerate market expansion. Businesses and companies gain from it because it offers centralized integration with consuming apps, data control, and improved transparency. The increased demand for data integration and visual analytics has facilitated the market's growth. Throughout the anticipated period, these variables will favorably affect market growth. Any modern organization must follow enterprise data protection and security policies.
The G-Cloud initiative of the British government aims to simplify the purchasing of standard information technology services that utilize cloud computing for public sector businesses throughout the United Kingdom. A series of framework agreements with suppliers are part of the G-Cloud, which enables public sector companies to purchase services without going through a formal procurement procedure involving tenders or competition. Public sector organizations can search for services that adhere to the G-Cloud standards on the "Digital Marketplace" (formerly "CloudStore"), an online marketplace. The market participants in the regional market would thus have additional growth potential.
The Germany market dominated the Europe Electronic Data Management Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $954.8 million by 2029. The UK market is anticipated to grow at a CAGR of 9.9% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 11.7% during (2023 - 2029).
Based on Offering, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on End User, the market is segmented into BFSI, Retail, Manufacturing, IT & Telecom, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Electronic Data Management Market is Projected to reach USD 14.7 Billion by 2029, at a CAGR of 11.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Oracle Corporation, IBM Corporation, Open Text Corporation, Adobe, Inc., Kyocera Corporation, Konica Minolta, Inc., Hyland Software, Inc., Xerox Corporation and Exela Technologies, Inc.
By Offering
By Deployment Type
By Organization Size
By End User
By Country
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