The report by market intelligence company IDC expects the increase to continue to outpace the growth of European software as a whole for the next five years.IDC forecasts Western European content management and retrieval software to reach $2.8bn in revenues by 2006.
“Because of the record growth in 2000, content-related technologies have attracted the attention of the largest software vendors, bringing with them expertise in business strategy and marketing as well as thousands of installed customers,” said Nathaniel Martinez, senior research analyst with IDC’s European software expertise centre.
The report sees the number of content management vendors decreasing as the market matures, yet IDC believes the technology will increase in importance as global organisations struggle to maintain control of their content. Content management and retrieval will be increasingly embedded within most enterprise applications, says IDC.
“Better understanding among European organisations of the strategic role of content management systems and the content life style cycle will generate strong commitment to deploy content management solutions. However, European organisations have adopted a more pragmatic approach, favouring step-by-step deployments and short implementation time,” concluded Martinez.