About Document Management Services
A document management system is a system used to receive, 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. In the case of the management of digital documents such systems are based on computer programs. It is automated software solution for organizing, securing, capturing, digitizing, tagging, approving, and completing tasks with business files.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market Data Management Service is expected to grow with rising demand with increasing need for data management. Numerous companies are operating in the market to provide Data Management Service in different market. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xerox Corporation (United States), Oracle Corporation (United States), Docu-Depot (Canada), Prime Document Ltd (United Kingdom), Ricoh Company, Ltd. (Japan), Konica Minolta, Inc. (Japan), KYOCERA Document Solutions Inc. (Japan), Invensis Technologies Pvt Ltd (India), Iron Mountain Incorporated (United States), Alfresco Software, Inc. (United States), Sumasoft (India), Exela Technologies Inc. (United States) and Lexmark International, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Document Management Services market by Type (Imaging & Scanning, Mailroom Service, Printing and Others) and Region.
On the basis of geography, the market of Document Management Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Content Management will boost the Document Management Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. IT & Telecommunication will boost the Document Management Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand for Imaging & Scanning Service is expected to gain High Market Share
Market Growth Drivers:
Rising Expenditure & Infrastructure of End Use Industries and Increasing Demand for Cloud Based Services
Challenges:
Slowing Down in Economy owing to Covid 19
Restraints:
Risk of Data Breach
Opportunities:
Rising Demand for Data Management Service in BFSI Industry has Created Growth Opportunities for the Market
Market Leaders and their expansionary development strategies
October 2022, Docufree, a leading provider of enterprise information management (EIM) and digital business process services, has acquired of DealerDOCX, a leading provider of secure end-to-end, cloud-based document-management solutions for the automotive industry. With this acquisition bringing together the power of our content services platform with their specialized automotive expertise to further drive innovation for both existing and future customers."
In January 2022, Inetum, the European leader in digital services and solutions, is launching a new version of its content-management solution that combines Desktop Publishing, Electronic Document Management (EDM), and Archiving.
Key Target Audience
Data Management Service Provider, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.