Latest research on Document Management Market reports annualized growth of 11.4%

Document Management Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Document Management Market Study" explored CAGR of 11.4%. According to the report, Increasing adoption of cloud-based services and cloud computing is one of the primary growth factors for the market. Increasing need to streamline business operations is also expected to contribute significantly to the Document Management market. Overall, applications of Document Management, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Services, such as Implementation Services, is boosting the Document Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment mode, such as On-Premise, is boosting the Document Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organisation, such as Small and Medium-Sized Enterprises, is boosting the Document Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Banking, Financial Services, and Insurance (BFSI), is boosting the Document Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Document Management market identified that the demand is rising in many different parts of the world as "Benefits of digitalizing content across enterprises ". Furthermore, some recent industry insights like "OpenText, a global leader in Enterprise Information Management (EIM), announced the launch of OpenText Release 16 Enhancement Pack 5 (EP5),, OpenText Business Network Cloud 16.10, and a series of new SaaS-based applications for the legal, life sciences and HR markets on its next-generation cloud platform, OT2" is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Document Management market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Document Management market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at detailed Table of Content for Document Management Market Study

Data Triangulation
The overall Document Management market size is calculated using market estimation process, the Document Management market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Document Management market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager