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Recent research: Document management systems industry to change competitive landscape

IT Market Research

The Document Management Services industry is benefitting from rise in demand for document retention due to rules and regulations mandating the storage of company records.

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The Global Document Management Systems market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX.XX% during the forecast period of 2017 – 2022. To effectively manage and organize their document related activities organizations can use electronic solutions which are popularly known as Document management systems (DMS).

With respect to preparation, circulation and deletion of documents, ranging from unstructured content to structured documentation, a DMS includes every action taken within an organization.

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In an organization, a DMS can also be used for storage as well as arranging documents, creating content, and sharing.

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In large organizations, it is difficult to use the available information and pull out business related data from the unorganized content.

It is effectively used to centralize unstructured documents and unmanaged documents. DMS reduces time and costs related to document management.

Documents are consistently managed and are protected from unauthorised use by the DMS.

Numbers of vendors providing DMS solutions has expanded after the recessionary period. This increase can be attributed to the rise in formation of new businesses.

A strong growth opportunity for the industry can be observed in the field of healthcare, as healthcare providers are being offered incentives to digitize their records. In the coming years, this trend is expected to continue driving revenue growth for the industry.

As the Document

Read more details of the report at: Global Document Management Systems Market

Management Services industry offers coordination and control of the flow of physical and electronic documents in a protected and effective manner, including records management services, data protection, recovery services and information destruction; its applications will expand across various industry sectors. Major industry verticals which deploy DMS solutions are commercial, insurance, banking, healthcare, accounting, legal, entertainment and government.

In this report, market segmentation has been done as per the mode of deployment (Cloud-based DMS and On-premise DMS), end-users and geography. Key regions included are North America, APAC, Europe, Middle East and Africa and Latin America.

The major companies providing Document Management Systems solutions are EMC Corp., IBM Corp., Open Text and Microsoft among others.



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