Content management boom

A study by Madar Research estimates 32% growth in the content management market in GCC in 2005.

  • E-Mail
By  Sarah Gain Published  October 12, 2005

Madar Research has announced that the content management market in the GCC countries is set to grow by 32% this year. The study revealed that the growth is due to the continuing strong demand for content management solutions from government and quasi-governmental entities, oil and gas companies and the banking sector. Findings in the recent study conducted by the company have indicated that combined spending on document and content management software and services in the GCC this year is estimated to reach US$ 94 million, compared to US$ 72 million in 2004. Last year, the UAE spent US$ 23 million on content management solutions, while Saudi Arabia's total spend was pegged at US$ 16 million. According to the study, a significant number of high-profile deployments of content management solutions took place in the region recently, such as those carried out by the Kuwaiti Ministry of Information, Abu Dhabi Islamic Bank, Batelco, Qatar Petroleum, Qatar Telecom, National Bank of Abu Dhabi and Sharjah Municipality. The study showed that government and quasi-governmental entities accounted for an estimated 40% of all major content management software installations and upgrades in the GCC last year. Banking and finance companies accounted for 12% of total installations, followed by oil and gas companies at 8%. Government policies mandating electronic transformation within administrative operations were ranked as the primary market demand driver, followed by the explosive growth of unstructured data. Internal security within organisations was ranked as a tertiary growth driver according to the study. “Companies especially in the government sector have realised the importance of adopting content management solutions to achieve a higher degree of productivity and efficiency, and this is reflected in the market for ECM (electronic content management) solutions in the GCC. We expect this favourable market trend to continue in the coming years as well,” says Abdul Kader Kamli, president and research director, Madar Research. The research firm goes on to predict that the content management market will register a compounded average growth rate (CAGR) of 24.5% for five years starting 2005, reaching about US$ 280 million by 2010.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code