The Global Enterprise Content Management market is expected to reach US$6.7 billion by 2015. One of the key factors contributing to this market growth is the need to comply with government regulations and to maintain well-organized, easily accessible document and file records for potential audits, corporate governance, regulatory compliance, and litigation. The Global Enterprise Content Management market has also been witnessing the emergence of cloud-based solutions. However, purchasing and implementing an enterprise content management solution is expensive, which could pose a challenge to the growth of this market.