San Jose, CA (PRWEB) November 3, 2008
In a fast moving world where innovation and speed are critical, the contours of industry are changing rapidly, necessitating knowledge management (KM). Organizations functioning in such a dynamic environment feel the need for knowledge-based and networked economy. Factors such as globalization, Internet-centric operations, and increasingly mobile workforce have resulted in cutthroat competition across every industry, compelling players to not only sustain operations but also beat trade rivals. Such a scenario necessitates knowledge management, which enables organizations to effectively utilize their knowledge assets for gaining a competitive edge.
Global Knowledge Management market revenues were an estimated US $34.17 billion in 2007. United States leads the global market, with revenues estimated to exceed US $20.6 billion by the end of the year 2008. Knowledge Management Services are estimated to account for about 67.6% of the global knowledge management revenues, at an estimated US $31.21 billion in 2008. Worldwide, Knowledge Management Software revenues are projected to grow at a CAGR of 45.3% over the years 2002 through 2010.
As knowledge management gains significance, vendors are vying with each other to capture a share of the market. Knowledge management software market is increasingly witnessing the convergence of advanced technologies, which deal with the analysis and management of unstructured information. Vendors, offering specialized and integrated knowledge management services suites, are expected to enhance their market presence. As the need to acquire advanced technologies increases, vendors aim to expand their product line by acquiring technologies from other vendors. As a result, the market is witnessing increased consolidation activity.
Leading players in the worldwide knowledge management market as covered in the report include Cap Gemini Ernst & Young, Computer Sciences Corporation, Open Text Corporation, IBM Global Services, and Interwoven Inc., among others.
The report titled "Knowledge Management: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides in-depth analysis of various factors affecting growth in the market, and reviews global and regional market trends. The report includes coverage of end-use industries, product launches, and strategic corporate developments. Market size estimates and projections are presented in terms of revenues in US$ over the years 2002 through 2010. Long-term projections have been presented for the years 2011 through 2015. Product segments independently analyzed include Knowledge Management Software and Knowledge Management Services.
For more details about this research report, please visit http://www.strategyr.com/Knowledge_Management_Market_Report.asp.
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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