The Content Management and Retrieval Software Market To Outpace Overall Software Growth Rate by 2006, According to IDC
FRAMINGHAM, MA – MARCH 18, 2002 – The content management and retrieval software market continues to grow rapidly despite the slowdown in 2001. According to IDC, content management and retrieval software spending is expected to outpace the software market as a whole for the next five years. This growth has attracted the attention of large software vendors who are increasing their attention to this market.
"At the dawn of 2002, content management and retrieval vendors are the keepers of the core technologies for information systems," said Susan Feldman, research vice president for Content Management and Retrieval Software at IDC. "Large players are taking a broader view of the process, and may eventually set the benchmark for what a unified content system should look like, forcing vendors to either join forces through mergers, be acquired by larger vendors, or disappear."
IDC's forecast predicts, that in 2003, pent-up demand for the next generation of content technologies, such as multimedia and multiformat search and text mining will fuel increased spending. According to IDC, this growth will only be temporary, followed by a shakeout ending with a few large players dominating the marketplace with unified enterprise information system offerings. The products that are easily integrated with other enterprise applications will have the greatest potential for success.
IDC's recently published Worldwide Content Management and Retrieval Software Market Forecast and Analysis, 2002-2006 (IDC #26629) presents a five- year revenue forecast by region and operating environment of this market, along with key trends, market drivers, and market inhibitors.
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