Document management is a system used to manage, store, and track an electronic document. This system coordinates retrieval, processing, printing, storage, routing, and distribution of the electronic documents. Moreover, it deals with how documents are created and modified, and helps centralize unorganized documents.
Emergence of paperless offices and the need for increased efficiency drive the market growth. In addition, high requirement for digitalization to save space fuels the growth further. However, the implementation cost of document management system (DMS) and concerns related to data security restrain the market. The adoption of cloud-based technology and mobile device integration are opportunistic for the market.
The global document management market is segmented based on deployment, end user and region. On the basis of deployment, it is bifurcated into on-premise DMS and cloud-based DMS. Based on end user, it is divided into government, healthcare, banking, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in this market are Dell EMC, IBM Corporation, Microsoft Corporation, Oracle Corporation, HP Inc., Xerox Corporation, SpringCM, Agiloft, Synergis Technologies, and Trace Applications.
- The study provides an in-depth analysis of the global document management market and current & future trends to elucidate the imminent investment pockets.
- Information about the key drivers, restrains, and opportunities and their impact analysis on the market size are provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.
Document Management Market Key Segments:
- On-premise DMS
- Cloud-based DMS
By End User
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players Profiled In The Report
- Dell EMC
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- HP Inc.
- Xerox Corporation
- Synergis Technologies
- Trace Applications