Enterprise
report management (ERM) is a system or methodology used for handling,
storage, and precise and timely distribution of reports & documents
and critical information across an enterprise. ERP technology
automatically processes reports and documents from all types of systems.
ERM combines all end user documents and output content centrally,
enabling cost-effective access and distribution for all its customers,
partners, and employees. The main motto of the enterprise report
management solution is to provide important information to managers in
an effective manner, to help managers take effective decisions.
Enterprise report management generally take the form of tables, graphs,
and text. It facilitates end users to view and access reports online,
print what they want (for instance, invoice copy, warranty card, etc.)
and package the information for easy and efficient delivery.
The
ERM helps to reduce the cost of document creation, handling &
duplication, and storage. ERM is useful in decreasing traffic across the
enterprise network and web portals and reduces cost associated with
network traffic. Moreover, ERM supports enriched document preservation
by enhancing the document lifecycle to increase data availability,
improved user productivity, improved operations efficiency, and
increased management control. Many industries, private and government
educational institutions, banking, etc. are anticipated to create ample
growth opportunity for the enterprise report management system.
Exponential
growth in the Internet platform and proliferation of online businesses
is forcing enterprises to digitize the transactional process.
Enterprises need to digitize the transactional process is expected to
drive the global enterprise report management market in the near future.
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Widespread
use of mobiles i.e. mobile endpoints, rapid software as a service
(SaaS) deployment, and growing digital expectations, which includes
customer service and satisfaction is anticipated to boost the global ERM
market during the forecast period. Furthermore, tremendous growth among
online customers has created the need for highly efficient tools for
report management. This is one of the significant factors driving the
growth of the global enterprise report management market. However, high
operating costs are linked with report organizing, printing,
distributing, and storing. Cloud based deployment is expected to create
growth opportunity for the enterprise report management market globally.
Moreover, increasing end-to-end solutions is anticipated to create
growth opportunity for the market.
The
enterprise report management market is broadly segmented based on
component, deployment, and industry. The component segment includes
software and services, where software is further classified as
consulting, integration, and operation & maintenance. Based on
deployment type, the enterprise report management system is categorised
based on premise and cloud based deployment. Segmentation based on
industry includes banking, financial services and insurance (BFSI),
healthcare, government, and others. Based on geography, the global
enterprise report management market has been segregated into North
America, Europe, Asia Pacific, Middle East & Africa, and South
America. North America is expected to contribute the significant share
of the global market. The market in the region is anticipated to witness
steady growth during the forecast period. The ERM market in Asia
Pacific is expected to show significant growth in the near future owing
to increase in government initiatives to digitize transactions.
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Some
of the major players operating in the global enterprise report
management market with significant development include HP Autonomy,
Lexmark International, Inc., SpringCM, Alfresco Software, Inc. IBM
Global Business Services, Oracle Corporation, Softwin Technologies Pvt.
Ltd., Hyland Software, Inc., Xerox Corporation, OpenText Corporation,
EMC, Systemware Inc., and Hewlett-Packard (HP).
The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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