ECM market will hit US$3.5 billion in 2012

Based on the study by Research and Market , CMS Wire reports that ECM Market was $1.6 B in 2006. The market will be doubled at US$ 3.5 B in 2012. The report attributes the growth to the business with small IT budget. Does this indicate the this is an opportunity for SaaS CM to ride the growth with Small and Medium Businesses?