The global document management systems market is anticipated to grow at a considerable CAGR of 16.9% during the forecast period. A rise in adoption of several strategic initiatives such as new product launches, and product innovation to remain competitive in the marketplace by the key market players Is considered to be the major factor supporting the market growth. For instance, in March 2022, Xerox Corp. established an electronic document management system that improves efficiency and smart workplace post-pandemic. The system is developed for customers across private and public establishments for an efficient workplace. In July 2021, Kyocera Document Solutions Europe B.V. introduced the Kyocera Cloud Scan and Print solution that allows users to scan and print documents through cloud services. The solution promotes a hybrid workplace in the organization by delivering flexible scanning and printing options from multiple locations. It also supports controlling the overall printing costs with the central management.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/document-management-systems-market
Moreover, in April 2021, IBM Corp. established an advanced IBM spectrum fusion storage solution designed for simplifying data availability & accessibility in the hybrid cloud environment. The advanced software-defined storage solutions were designed to support their users develop data accessibility and availability across complex hybrid clouds. Apart from this, in March 2020, Hyland added new capabilities to its Document Filters product offering and launched three separate updates in the last six months. Each release aims to add more file formats following its goal of delivering the most complete filtering toolkit that can process all the files that an organization encounters in a typical day. With the current releases, Hyland supports more than 550 file formats, of which, over 75 are supported for high-definition renditions.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Deployment Mode
o By Component
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including IBM Corp. Microsoft Corp., Oracle Corp, Open Text Corp, Hyland Software, Inc, Canon Inc, Asite Solutions Ltd., Technologies, Inc, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Document Management Systems Market Report Segment
By Deployment Mode
By Component
By End-User
Global Document Management Systems Market Report Segment by Region
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
• Latin America
• Middle East & Africa
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