The Asia-Pacific excluding Japan (APEJ) secure content management market grew at 12% year-over-year to reach $122m in the first half of 2010, according to Asia/Pacific Semiannual Content Management Applications Tracker by IDC.
The research firm said that the countries like Australia, Korea, India and Singapore accounted for 77% of the total revenue for CM market in APEJ region.
The report expects that the CM market in APEJ will reach $477m by 2015 with countries like India, Singapore and the PRC contributing strongly towards growth during the forecast period.
In addition, the report said that automation of document and paper-intensive business processes and streamlining these processes using business process management in tandem with content management and capture offerings are the key drivers for the CM market growth.
IDC Asia/Pacific software research group market analyst Ridhi Sawhney said compliance initiatives continue to fuel significant spends on CM systems and information governance is also becoming a driver that many CM vendors have been focused on.
"Information within enterprises is still scattered across making it difficult to search and access the necessary information and the need to improve information workers’ productivity by enabling users to organise, store, share, and find business documents thus becomes a core driver for content management software market," Sawhney said.