Document management systems market is anticipated to grow at a significant CAGR of 16.9% during the forecast period. The factor that drives the global document management market is the growing adoption of cloud-based document management services among organizations. The rising adoption of these services allows organizations to streamline the workflow, enhance efficiency and precisely handle the documentation requirements, thereby enhancing individual productivity which boosts the global document management system market during the forecast period.
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Furthermore, the COVID-19 pandemic has also impacted the market positively, owing to the rise in the adoption of cloud or digital services across the industries. Customers were embracing digital platforms such as social media, e-commerce, and knowledge platforms. The companies in the market were focused on designing advanced document management solutions for businesses to improve workplace efficiencies. For instance, in June 2021, Exela Technologies, Inc. established Digital Mailroom (DMR) Platform, the document management system for online sign-ups and SMEs and professionals in the UK. The Exela DMR platform catches a virtual office address and receives incoming mail as digitized documents accessible via its DMR portal.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Document Management Systems Market by Deployment Mode
- Cloud based
- On-premises
Global Document Management Systems Market by Component
- Solution
- Services
Global Document Management Systems Market by End-User
- BFSI
- IT & Telecommunication
- Government
- Retail
- Healthcare
- Other (Education, and Manufacturing)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Agiloft Inc.
- Altirnao Inc.
- Asite Solutions Ltd.
- Canon Inc.
- Consensus Cloud Solutions Inc.
- DocuSign, Inc.
- eFileCabinet, Inc.
- Epicor Software Corp
- Exela Technologies, Inc
- Konica Minolta Business Solutions U.S.A., Inc.
- KYOCERA Document Solutions Inc.
- Newgen Software Technologies Ltd.
- Synergis Technologies, LLC
- Ricoh Co, Ltd.
- Xerox Corp.
The Report Covers
- Market value data analysis of 2021and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global document management systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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