Document Management Systems Market
Document Management Systems Market Size, Share & Trends Analysis Report by Deployment Mode (Cloud-based, and On-premises), by Component (Solution, and Services), and by End-User (BFSI, IT & Telecommunication, Government, Retail, Healthcare, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
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.
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.
Segmental Outlook
The global document management systems market is segmented based on the deployment mode, component, and end-user. Based on the deployment mode, the market is segmented into cloud-based and on-premises. Based on the component, the market is sub-segmented into the solution, and services. Based on the end-user, the market is sub-segmented into the BFSI, IT & Telecommunication, government, retail, healthcare, and others. The above-mentioned segments can be customized as per the requirements. Among the component, the solution segment is expected to cater to a significant share in the global document management market is the growing development and performance of advanced document management system solutions across BFSI, retail, and government sector for digitalizing business assisted the global document management system market.
The cloud segment is expected to hold a prominent share in the global document management system market during the forecast period as key players in the market are delivering solutions based on the cloud for their customers to improve their storage capabilities. Cloud services adoption is growing rapidly, owing to the surge in leading players’ investments in a cloud-based infrastructure. For instance, In October 2021, Oracle Corp. established and expanded its cloud services globally. The company opened more than 14 cloud regions across the Asia-Pacific, Europe, the Middle East & Africa, and South America.
Regional Outlooks
The global document management systems market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is expected to be the fastest-growing during the forecast period due to the advancement of business processes and IT infrastructure in this region.
Global Document Management Systems Market Growth, by Region 2022-2028
The North American Region is Expected to Hold the Prominent Share in the Global Document Management Systems Market
The North American region is anticipated to hold a prominent share in the global document management system market during the forecast period. Due to the rising penetration of core technologies and the existence of technology giants Xerox Corp., and Iron Mountain Inc., among others in the region embrace various strategies such as acquisitions and others. For instance, in March 2019, Access, the US-based information management service provider, acquired Docu-Depot, Canadian document management, destruction, and storage services, provider. This acquisition permits access to extend its presence and product portfolio in Montreal and Quebec City.
Market Players Outlook
The major companies serving the global document management systems market include IBM Corp. Microsoft Corp., Oracle Corp, Open Text Corp, Hyland Software, Inc, Canon Inc, Asite Solutions Ltd., Technologies, Inc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Laserfiche announced the availability of Laserfiche Cloud in regions including Europe, the Middle East, and Africa (EMEA). The SaaS provider of intelligent content management and business process automation's cloud offering delivers an innovative and trusted system for securely managing content and automating business processes across enterprises. With digital workflows, electronic forms, records management, and analytics, Laserfiche Cloud connects people, platforms, and processes to accelerate digital transformation, and enhance employee and customer experiences.
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Hyland Software, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IBM Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Open Text Corp
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Oracle Corp.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Document Management Systems Market by Deployment Mode
4.1.1. Cloud based
4.1.2. On-premises
4.2. Global Document Management Systems Market by Component
4.2.1. Solution
4.2.2. Services
4.3. Global Document Management Systems Market by End-User
4.3.1. BFSI
4.3.2. IT & Telecommunication
4.3.3. Government
4.3.4. Retail
4.3.5. Healthcare
4.3.6. Other (Education, and Manufacturing)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Agiloft Inc.
6.2. Altirnao Inc.
6.3. Asite Solutions Ltd.
6.4. Canon Inc.
6.5. Consensus Cloud Solutions Inc.
6.6. DocuSign, Inc.
6.7. eFileCabinet, Inc.
6.8. Epicor Software Corp
6.9. Exela Technologies, Inc
6.10. Konica Minolta Business Solutions U.S.A., Inc.
6.11. KYOCERA Document Solutions Inc.
6.12. Newgen Software Technologies Ltd.
6.13. Synergis Technologies, LLC
6.14. Ricoh Co, Ltd.
6.15. Xerox Corp.
1. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD-BASED DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ON-PREMISES DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL OTHER DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
6. GLOBAL SOLUTION FOR DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SERVICES FOR DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
9. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20. EUROPEAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. EUROPEAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
22. EUROPEAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
23. EUROPEAN DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
28. REST OF THE WORLD DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD DOCUMENT MANAGEMENT SYSTEMS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY DEPLOYMENT MODE, 2021 VS 2028 (%)
2. GLOBAL CLOUD-BASED DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL ON-PREMISES DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
5. GLOBAL SOLUTION FOR DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL SERVICES FOR DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY END-USER, 2021 VS 2028 (%)
8. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN IT & TELECOMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN GOVERNMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN RETAIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DOCUMENT MANAGEMENT SYSTEMS IN OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL DOCUMENT MANAGEMENT SYSTEMS MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. US DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
17. UK DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD DOCUMENT MANAGEMENT SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
