Document Management Systems Market Size, Share, Growth Report 2032

Document Management Systems Market

Document Management Systems Market - by Deployment Mode (Cloud-Based, On-Premise, and Hybrid), by Offering (Services and Solutions), by Organization (Large Enterprise and Small & Medium-Sized Enterprise), by Application (BFSI, Education, Retail, Government, Healthcare, Corporate, Industrial Manufacturing, and Other Applications), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3102 Published Date: Sep-2020 Status : Published

Global Document Management Systems market was estimated at 4.6 (USD Billion) in 2019 and is set to record a CAGR of nearly 12% over 2020-2026.

Document Management Systems Market

The global Document Management Systems market was estimated at 4.6 (USD Billion) in 2019 and is set to record a CAGR of nearly 12% over 2020-2026. The report offers valuation and analysis of Document Management Systems market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Document management system helps in handling, storing, managing and tracking documents. Moreover, it helps in reducing paper work and maintains the record of myriad types generated as well as modified by users. In the case of managing of digital documents, these systems are embedded in computers or laptops. It draws parallelism and similarity to digital asset management, record management systems, document imaging, and workflow systems. Furthermore, document management system is also considered to be the part of enterprise content management systems.

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Market Growth Dynamics

Surging cloud computing trends and increase in acceptance of big data analytics by firms will create huge demand for document management systems over the projected timespan. In addition to this, large-scale use of software as a service as well as data analyzing tools by various companies will define the market growth over the forecast timespan. Apparently, need for paperless work in offices and massive requirement of digitizing the work will steer the business growth. Nonetheless, high costs of integrating document management systems with in-house apps along with data security issues will inhibit the market growth over the years ahead.

North American Market To Witness Stupendous Growth Over 2020-2026

The growth of the market in the sub-continent during forecast timespan is due to large-scale acceptance of document management systems in healthcare as well as financial sectors in the region. In addition to this, presence of key industry players in the region will aggrandize the market growth in the region over the forecasting years.

Key players influencing the industry growth and profiled in the report are Xerox Corporation, Oracle Corporation, eFileCabinet Inc., OpenText Corporation, SpringCM, IBM Corporation, and Hyland Software Inc.

The global Document Management Systems Market is segmented as follows:

By Offering

  • Solutions
  • Services

By Deployment Mode

  • On-premise
  • Cloud-based
  • Hybrid

By Organization

  • Small and Medium-sized enterprises (SMEs)
  • Large Enterprises

By Application

  • BFSI
  • Government
  • Education
  • Healthcare
  • Corporate
  • Industrial Manufacturing
  • Retail
  • Other Applications

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Surging cloud computing trends and increase in acceptance of big data analytics by firms will create huge demand for document management systems over the projected timespan.

The CAGR of the market is projected at nearly 12% during forecast period.

North America is likely to make noteworthy contributions towards overall market revenue.

The key players profiled in the report include Xerox Corporation, Oracle Corporation, eFileCabinet Inc., OpenText Corporation, SpringCM, IBM Corporation, and Hyland Software Inc.

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