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.
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About Document Management Market
Moreover, it deals with how documents are created and modified, and helps centralize unorganized documents.
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Emergence of paperless offices and the need for increased efficiency drive the market growth.
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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.
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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.
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