The nascent content management software market in the Asia-Pacific region is expected to witness a five-year compounded annual growth rate of 14 per cent to touch USD245.3 million before the end of the decade, with India set to post the strongest growth numbers during the forecast period.
The content management software market in the Asia-Pacific region, excluding Japan, is still a nascent market that accounts for a very small slice of the total software market in the region. Nonetheless, the market grew strongly by 25.1 per cent to reach USD127.6 million in 2005 on the back of rapidly increasing demand for digitised information, rising competitiveness, compliance issues, and favourable exchange rates. All the country markets registered positive growth in 2005, but the key contributors were Australia, Korea, India, and China. Australia and Korea are projected to remain the largest markets for content management software throughout the forecast period, while the strongest growth is expected from India.
IDC research indicates that e-forms, workflows, records management, document imaging, e-mail management, and Web content management, are gaining enormous traction in terms of investment consideration in Asia-Pacific region. The top five vendors in the region's content management software market collectively accounted for 43.6 per cent of the market in 2005.