Gartner predicts strong future for RM Software.

• Position: STUDY - Records management - Brief article

Industry analyst Gartner predicts that half of all Global 2000 companies will implement records management (RM) by 2013 in its recently published "MarketScope for Records Management." The firm also believes software-as-a-service (SaaS) and open-source records management solutions will emerge during the next two years.

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According to the report, the records management software license and maintenance market was $460 million in 2008, up 15% from 2007. Top reasons for the strong demand include the need for companies to deal with increasing regulation and legal discovery issues. The RM market's compound annual growth rate is expected to be 12% over the next five years.

Gartner added that records management products are increasingly part of electronic content management systems. The report cites HP's acquisition of Tower Software, Autonomy's acquisition of Interwoven, and Open Text's purchase...