M-Files Corporation is the only ECM vendor to appear in the ‘Visionaries’ quadrant of the Gartner 2016 Magic Quadrant for Enterprise Content Management, following a tightening of the criteria for inclusion.
The report1 states: “The dynamics of the global ECM market are changing. As a practice, ECM is evolving into a strategic framework for services that target specific use cases and audiences…Gartner has responded to these new dynamics by refining its definition of ECM to emphasise a more flexible approach and by stiffening the criteria that determine whether vendors qualify for inclusion in this Magic Quadrant.”
Greg Milliken, vice president of marketing of M-Files Corporation, said: “M-Files brings an entirely new, modern approach to managing information, one that focuses on context, and ‘what’ information is rather than ‘where’ it’s stored. This is a whole new way to organise, process, secure, retain and dispose of information, and we believe it fits perfectly with Gartner’s recast definition of ECM.”
According to Gartner, growth in the worldwide ECM market is accelerating: in 2015, it grew by 9.4% to $5.9 billion (in constant currency), following a rise of6.2% to $5.4 billion in 2014.
M-Files is growing even faster than the market, with significant revenue growth in the three main geographic regions of the United States, Europe and Asia. A surge in demand for cloud-based solutions has seen a 56% increase in SaaS revenue year-on-year. M-Files also supplies onpremise and hybrid solutions.
Driving this growth, the company has continued to expand its channel network to nearly 500 partners in more than 100 countries.
1. Gartner Magic Quadrant for Enterprise Content Management by Karen A. Hobert, Joe Mariano, Gavin Tay, October 31, 2016.