Cloud enterprise content management (ECM) is a set of defined processes to securely procure, store, monitor, and manage enterprise data to deliver crucial information by moving paper documents and electronic files into an organized electronic format. It is a Software as a Service (SaaS) based approach designed for organizations to eradicate ad hoc processes that can lay open an organization to regulatory compliance risks. Cloud ECM includes features such as document management, content management, workflow management, and record management.
360Quadrants recognizes the below-listed companies as the Best Cloud Enterprise Content Management Software -
Top 10 Cloud Enterprise Content Management Software in 2020:
- ALFRESCO SOFTWARE INC
- BOX INC
- CTRLS DATACENTERS LIMITED
- EPAM SYSTEMS INC
- EXELA TECHNOLOGIES, INC.
- HYLAND SOFTWARE INC
- M-FILES CORPORATION
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.