IDC Forecasts Document and Content Technologies Revenue Will Near $4.4 Billion in 2004
FRAMINGHAM, MA – OCTOBER 9, 2000 – The call of the Web is irresistible. As the Web continues to foster collaboration among colleagues across company and national boundaries; the need to easily access information will drive the growth of document and content technologies (DCT). IDC projects the worldwide DCT market will increase at a compound annual growth rate (CAGR) of 32%, from $1.1 billion in 1999 to nearly $4.4 billion in 2004.
"The pervasiveness of ecommerce and the need for Web-compliant integrated suites of information tools are driving this growth," said Susan Feldman, director of IDC's Document and Content Technologies Applications program. "Demand for quicker access tools for information collection, retrieval, and analysis as well as the ability to handle heterogeneous collections of text, images, video, and sound will lift the market to new heights."
IDC says document management software sales account for the bulk of revenue within document and content management. However, the Web commerce applications segment is the growth leader. In 1998-1999, its revenue jumped 143.1%. By comparison, the document applications segment grew 19.5%, while the enterprise portal segment increased 64.6%.
International vendors exhibited the highest growth rates in the document and content technologies market, with revenue increasing more than 52%. By comparison, U.S. vendor revenue increased less than 30%. However, U.S. vendors still accounted for the bulk of the sales, with more than 75% of the worldwide market share.
Information like the above can be found in IDC's report Document and Content Technologies Applications Forecast and Analysis, 2000 – 2004 (IDC #B23051). The report analyzes document and content technologies. It divides the market into the following segments: document management, content management for enterprise portals, and content management for Web commerce. Five-year forecasts break revenue down by vendor class, region deployed, and operating environment. The report also discusses the emerging trends that will influence the markets through 2004.
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IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at www.idc.com.
IDC is a division of IDG, the world's leading IT media, research, and exposition company.
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