Global Document Management System Market Share 2023-2028

According to the latest report by IMARC Group, titled “Document Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global document management system market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global document management system market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

Document management system (DMS) refers to automated software solutions designed for managing documents and files and simplifying data management. They can track, capture, and store electronic documents, including PDFs, word processing files, digital images of paper-based content, etc. Document management system services facilitate document security, access control, audit trails, centralized storage, and streamlined search and retrieval. They allow storing files in the cloud, make sharing information and collaborating easier, and enable documents from multiple sources to be accessible from various locations through an internet connection. Consequently, document management system solutions find extensive applications across numerous sectors, such as banking, information technology (IT), telecommunication, government, healthcare, retail, manufacturing, etc.

Market Trends & Drivers

The shifting preferences toward web-based services among small and medium-sized enterprises (SMEs) to effectively address consumer concerns are primarily driving the document management system market. In addition to this, the emerging trend of remote working and the increasing need for workforce mobility and other integrated facility management systems to access official assets and reduce the physical infrastructure requirements of the organization are acting as significant growth-inducing factors. Apart from this, the elevating elimination of the traditional concept of paper files and the growing requirement for cohesive data on patients in the healthcare segment are also positively influencing the global market. Moreover, the inflating sales of smartphones and the rising integration of DMS with artificial intelligence (AI), machine learning (ML), point of sale (POS) platforms, virtual and augmented reality (VR and AR), etc., to meet consumer-specific needs are expected to propel the document management system market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Agiloft Inc., DocuSign Inc., eFileCabinet, Hyland Software, International Business Machines Corporation, OpenText Corporation, Oracle Corporation, Ricoh Company Ltd., Scrypt Inc., Synergis Technologies LLC, Xerox Holdings Corporation and Zoho Corporation

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Offering:

  • Services
  • Solution

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Organization:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Application:

  • BFSI
  • IT and Telecommunication
  • Government
  • Healthcare
  • Retail
  • Manufacturing
  • Others

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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