The Business Research Company’s report on the Document Management System Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the document management system market in recent years?
The emergence of paperless offices is expected to drive the growth of the document management systems market going forward. A paperless office refers to a workplace that operates with minimal paper-based processes and relies more on digitized documents to carry out daily business operations. Document management solutions in paperless offices provide for easier management and storage of digital files, allowing employees to effortlessly exchange and review digital files. For instance, in December 2023, according to Eurostat, a Luxembourg-based government agency, in 2023, 42.5% of EU enterprises purchased cloud computing services, primarily for email, file storage, and office software. The proportion of businesses using cloud services in the EU rose by 4.2 percentage points. Therefore, the emergence of paperless offices is expected to propel the growth of the document management systems market.
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What is the projected market size of the document management system industry, and how is it expected to grow?
The document management system market size has grown rapidly in recent years. It will grow from $8.96 billion in 2024 to $10.15 billion in 2025 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to shift from paper-based to digital documentation, regulatory compliance and records management, corporate digitization initiatives, introduction of document imaging and scanning, emergence of enterprise content management (ECM) solutions.
The document management system market size is expected to see rapid growth in the next few years. It will grow to $17.03 billion in 2029 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to adoption in emerging markets and SMEs, focus on user experience and mobile accessibility, migration to hybrid and cloud-centric models, rise in data security concerns, increasing demand for remote work solutions. Major trends in the forecast period include integration with business applications, emphasis on remote work and collaboration tools, implementation of blockchain technology, adoption of mobile-friendly interfaces, focus on cybersecurity and compliance.
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Who are the key players driving competition in the document management system market?
Major companies operating in the document management system market are OpenText Corporation, Xerox Corporation, Ricoh USA Inc., International Business Machines Corporation (IBM), Canon Inc., eFileCabinet Inc., DocuSign Inc., Oracle Corporation, Hyland Software Inc., Microsoft Corporation, Asite Solutions, M-Files Corporation, Synergis Technologies LLC, Atlassian Corporation PLC, Hewlett-Packard Development Company LP, FileHold Systems Inc., Ecrion Software Inc., Dell EMC, Laserfiche Corporation, DocuWare GmbH, Nuance Communications Inc., Adobe Inc., Box Inc., Alfresco Software Inc., Ever Team Software, Nuxeo Ltd., Zoho Corporation Private Limited, Pioneer It Solutions Private Limited, ELO Digital Office GmbH, Fabasoft AG
What key trends are expected to drive the docking station market during the forecast period?
Major companies operating in the document management system market are innovating cutting-edge document management tools, such as Documents SE, to address the need for efficient management of policies and procedures. Documents SE is a document management tool designed to assist organizations in efficiently managing policies and procedures. For instance, in March 2022, ShipNet, a Norway-based provider of cloud ERP software solutions for the maritime industry, launched Documents SE, a new document management tool designed to assist organizations in handling policies and procedures, such as the ISM Code or OCIMF recommendations, ensuring safety, and environmental compliance. The tool allows for efficient management, distribution, and tracking of different policies across fleets, providing visibility into the progress and status of documents. With an easy-to-use search function and flexible structure, Documents SE enhances user experience, and its notification mechanism ensures users stay informed about revisions or assignments. Integrated into the ShipNet One ecosystem, it offers web-based accessibility, platform independence, and seamless file management.
Which key geographies are driving the growth of the document management system market?
North America was the largest region in the document management system market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the document management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the document management system market?
The document management system market covered in this report is segmented –
1) By Offering: Solutions, Services
2) By Deployment Mode: On-Premise, Cloud-Based, Hybrid
3) By Organization: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Application: Banking, Financial Services, And Insurance, Government, Education, Healthcare, Corporate, Industrial Manufacturing, Retail, Other Applications
Subsegments:
1) By Solutions: On-Premises Solutions, Cloud-Based Solutions, Mobile Document Management Solutions
2) By Services: Implementation Services, Consulting Services, Maintenance And Support Services, Training Services
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What defines the structure and scope of the document management system market?
A document management system refers to an automated software solution for organizing, securing, and digitizing an organization’s files for centralized storage, access, editing, and sharing. It can store, manage, and track electronic documents in addition to electronic images of paper-based information.
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