Global Document Management Software Market, By Offering (Solutions, Services), Deployment Mode (On-Premise, Cloud-Based, Hybrid), Organization (Small and Medium-Sized Enterprises, Large Enterprises), Application (Banking, Financial Services, and Insurance (BFSI), Government, Education, Healthcare, Corporate, Industrial Manufacturing, Retail, Other), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Document Management Software Market
The Global Document Management Software Market is expected to reach USD 6.80 billion by 2025, from USD 4.01 billion in 2017 growing at a CAGR of 11.17% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Document Management Software Market
Document management software can be termed as system that is used to rack, manage and store documents in order to reduce paper usage. This management software is used for keeping a record of the various versions created and modified by different users. This software allows the businesses to control the production, storage, management and distribution of electronic documents, yielding greater effectiveness and the ability to reuse information and control the flow of the documents. According to an article published by the SutiSoft, Inc., which is one of the key players of the market, it was predicted that by 2015, more than 90% of organizations would be using document management software. Key player are investing more and more for the development of this software. For instance, OpenKM, is also one of the major players of this market and provides management solution in this respect. Thus, such strategic decisions made by the key players help in the growth of the market.
- Increasing need to streamline business operations
- Benefits of digitalizing content across enterprises
- Increasing need to adhere to compliance requirements
- Increasing adoption of cloud-based services and cloud computing
- High implementation costs
- Data migration from legacy systems to cloud-based content management
Segmentation: Global Document Management Software Market
By Deployment Mode
- Small and Medium-Sized Enterprises
- Large Enterprises
- Financial Services and Insurance (BFSI)
- Industrial Manufacturing
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Document Management Software Market
The global document management software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Document management software market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Document Management Software Market
The key players operating in the global document management software market are –
The other players in the market are Hyland, Oracle, Ricoh Company, M-Files, Efilecabinet, Newgen Software, Alfresco, Springcm, Everteam, Laserfiche, Fabricated Software, Office Gemini, Open Document Management System, Mastercontrol, Lucion Technologies, Ideagen, LSSP, Docpoint Solutions, Blue Project Software, Ademero, Zoho and many more.
Research Methodology: Global Document Management Software Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global document management software market
- Analyze and forecast the document management software market on the basis of offering , deployment mode ,organisation and application
- Trends of key regional and country-level markets for offering, deployment mode, organisation and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis