The Madar study revealed that the growth is on account of 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 has 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 the major content management installations in the GCC last year featured solutions from FileNet, the leading provider of Enterprise Content Management (ECM) solutions. Among the high-profile entities which deployed FileNet's content management solutions are the Kuwaiti Ministry of Information, Abu Dhabi Islamic Bank, Batelco, Qatar Petroleum, Qatar Telecom, National Bank of Abu Dhabi and Sharjah Municipality.
"FileNet solutions have been adopted by a large number of Fortune 1000 companies to meet their content management requirements, and the growing demand for these solutions in the GCC manifests their reputation among the region's organizations," said Carlo Stellati, Vice President, South Europe, Middle East and Africa, FileNet.
"FileNet's ECM solutions offer enterprise-level scalability and flexibility to handle the most demanding content challenges, helping build a single virtual repository that can organize, catalogue and link various types of content, while making it available through a single access point," Stellati added.
The study showed that government and quasi-governmental entities accounted for an estimated 40 per cent of all major content management software installations and upgrades in the GCC last year. Banking and finance companies accounted for 12 per cent of total installations, followed by oil and gas companies at 8 per cent.
Government policies in terms of mandating electronic transformation within the administration were ranked as the primary market demand driver, followed by the explosive growth of unstructured data, while internal security within organizations was ranked as a tertiary growth driver.
"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 solutions in the GCC. We expect this favourable market trend to continue in the coming years as well," said Abdul Kader Kamli, President and Research Director, Madar Research.
According to Madar, the content management market is expected to register a compounded average growth rate (CAGR) of 24.5 per cent for five years starting 2005, reaching about US$ 280 million by 2010.
Browse
related articles
Madar Research study estimates 32 per cent growth in the content management market in GCC in 2005
- United Arab Emirates: Wednesday, October 12 - 2005 at 11:04
- PRESS RELEASE
Related content
Madar Research Co. announced recently that the content management market in the GCC (Gulf Cooperation Council) countries is set to grow by 32 per cent in 2005.
Carlo Stellati, Vice President, South Europe, Middle East and Africa, FileNet.
Article Options
Log in to request more information from FileNet
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, October 12 - 2005 at 11:04 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Notes and Media Contacts »
About FileNet:
FileNet Corporation helps organizations make better decisions by managing the content and processes that drive their business. FileNet's Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organizations, automating and streamlining their business processes, and providing the full spectrum of connectivity needed to simplify their critical and everyday decision-making.
FileNet ECM solutions deliver a comprehensive set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems.
Since the Company's founding in 1982, more than 4,000 organizations, including more than three quarters of the Fortune 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes. Headquartered in Costa Mesa, Calif., the Company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organizations, as well as via its ValueNet® Partner network of resellers, system integrators and application developers.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference for FileNet include, but are not limited to, the volume of our sales and pricing concessions on volume sales; our ability to specify, develop or acquire, complete, introduce, market, distribute and gain market acceptance for new products and technologies in a timely manner; the mix of products and services sold by us; the timing, rescheduling or cancellation of significant customer orders; the loss of a key customer; our ability to control expenses; announcements of technological innovations, new products or product enhancements by the company or its competitors; the integration of our products with the products of third parties; the emerging nature of the Enterprise Content Management market; key management changes; changes in joint marketing and development programs; developments relating to patents or other intellectual property rights or disputes; changing relationships with customers, distributors, suppliers and strategic partners; potential contractual or employment issues; our ability to integrate acquired businesses; and general conditions in the worldwide economy and the software/technology sector and other factors. Our Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and other Securities and Exchange Commission filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
For more information, please contact:
Orient Planet PR & Marketing Communications
PO Box 23345, Dubai, UAE
Tel : +971 4 3988901
Fax : +971 4 3988941
Website: www.orientplanet.com
FileNet Corporation helps organizations make better decisions by managing the content and processes that drive their business. FileNet's Enterprise Content Management (ECM) solutions allow customers to build and sustain competitive advantage by managing content throughout their organizations, automating and streamlining their business processes, and providing the full spectrum of connectivity needed to simplify their critical and everyday decision-making.
FileNet ECM solutions deliver a comprehensive set of capabilities that integrate with existing information systems to provide cost-effective solutions that solve real-world business problems.
Since the Company's founding in 1982, more than 4,000 organizations, including more than three quarters of the Fortune 100, have taken advantage of FileNet solutions for help in managing their mission-critical content and processes. Headquartered in Costa Mesa, Calif., the Company markets its innovative ECM solutions in more than 90 countries through its own global sales, professional services and support organizations, as well as via its ValueNet® Partner network of resellers, system integrators and application developers.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are based on our current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference for FileNet include, but are not limited to, the volume of our sales and pricing concessions on volume sales; our ability to specify, develop or acquire, complete, introduce, market, distribute and gain market acceptance for new products and technologies in a timely manner; the mix of products and services sold by us; the timing, rescheduling or cancellation of significant customer orders; the loss of a key customer; our ability to control expenses; announcements of technological innovations, new products or product enhancements by the company or its competitors; the integration of our products with the products of third parties; the emerging nature of the Enterprise Content Management market; key management changes; changes in joint marketing and development programs; developments relating to patents or other intellectual property rights or disputes; changing relationships with customers, distributors, suppliers and strategic partners; potential contractual or employment issues; our ability to integrate acquired businesses; and general conditions in the worldwide economy and the software/technology sector and other factors. Our Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and other Securities and Exchange Commission filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
For more information, please contact:
Orient Planet PR & Marketing Communications
PO Box 23345, Dubai, UAE
Tel : +971 4 3988901
Fax : +971 4 3988941
Website: www.orientplanet.com
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
