Over the past decade we have seen a transition towards cloud-based apps and software solutions for forward-thinking businesses. This trend has moved into the information and records management industries, as explained by global research and advisory firm, Gartner.

“The increasing adoption of SaaS applications and other cloud services impacts the management, dissemination and exploitation of enterprise content,” Craig Roth, research vice president at Gartner. “Organizations are steadily — but not exclusively — shifting their content environments to SaaS. Gartner expects that by 2019, the current enterprise content management (ECM) market will devolve into purpose-built, cloud-based content solutions and solution services applications.”

Moreover, research conducted by the company has forecasted that the public cloud services market will grow by 17.3% in 2019, up to a total of $206.2 billion. Additionally, SaaS continues to make up the largest segment of the market with projected growth of 17.8% in 2019, to a total of $85.1 billion.

These findings have important implications for companies in regulatory industries, as it imperative that these companies ensure that their chosen records management systems align with industry trends towards cloud-based, SaaS content solutions.

Read Gartner’s press release here.