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Global Document Management Software Market will grow to hit $6.80 Billion at CAGR of 11.17% by 2025 – Analysis by Trends, Size, Share

Global Document Management Software Market

 

Analysis of Global Document Management Software Market report:

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.

Definition:

A document management system (DMS) is a system used to track, manage and store documents and reduce paper. Most are capable of keeping a record of the various versions created and modified by different users (history tracking). In the case of the management of digital documents such systems are based on computer programs. The term has some overlap with the concepts of content management systems. It is often viewed as a component of enterprise content management (ECM) systems and related to digital asset management, document imaging, workflow systems and records management systems.

 

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Leading Key players profiled in this report are:

The key players operating in the global document management software market are –

  • Opentext
  • Xerox
  • IBM
  • Canon

The other players in the market are

Market Drivers:

  • 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

 

Market Restraint:

  • High implementation costs
  • Data migration from legacy systems to cloud-based content management

 

Global Document Management Software Market Segmentation:

By Offering

  • Solutions
  • Services

 By Deployment Mode

  • On-Premise
  • Cloud-Based
  • Hybrid

 By Organization

  • Small and Medium-Sized Enterprises
  • Large Enterprises

By Application

  • Banking
  • Financial Services and Insurance (BFSI)
  • Government
  • Education
  • Healthcare
  • Corporate
  • Industrial Manufacturing
  • Retail
  • Other

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

Competitive Landscape:

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.

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The Global Document Management Software Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Document Management Software Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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