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Thursday, March 24, 2011

IDC: Document management software a priority in Asia Pacific

IDC: Document management software a priority in Asia Pacific

By Computerworld Hong Kong staff | Nov 30, 2009

IDC said Thursday that most respondents in a recent survey indicated that they plan to invest in document management software, followed by record management software among all other content management (CM) software in the Asia Pacific excluding Japan region.
 
"In India, Singapore, China, and Australia, managing content published on the Web is the top role played by CM software," said Ridhi Sawhney, market analyst of Asia/Pacific Software Research at IDC. "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 by 2013."
 
Collectively, the top five vendors that include IBM, EMC, HP, Oracle and Interwoven, represent approximately 58 percent of the CM market in the region, said IDC, adding that 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, said IDC.
 
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, the analyst firm added.
 
IDC said that findings of IDC's Asia/Pacific Software Adoption Survey conducted in first half of  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, IDC noted.
 
The survey also reveals that India and China are the leading countries that are currently using records and document management and will increase their spending in the next 18 months, the research house noted.
 
Whereas, Australia is one country with a high percentage of respondents that are using document management (15.2 percent), digital and Aasset 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, IDC said.
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Document management: Figure out how much storage you need



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