The Enterprise Content Management (ECM) market size was valued at USD 22 billion in 2022 and is estimated to register a CAGR of over 10% between 2023 and 2032. The adoption of cloud-based ECM solutions is rising due to their flexibility, scalability, and cost-effectiveness. In May 2023, Newgen Software unveiled the Newgen OmniDocs Connector on the Salesforce AppExchange, which empowers customers to maximize the value of their Salesforce investments. With employees, as well as employers, rapidly inclining toward remote work, companies are looking for solutions that enable employees to access, share, and collaborate on documents and data from anywhere, securely, and efficiently. However, data privacy and security concerns may drive down industry growth in the long run. The COVID-19 pandemic has significantly impacted the ECM market, with the demand for ECM solutions increasing due to the need for remote collaboration and data security.
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