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Document Management System Market Share, Growth, Report Forecast 2023-2028

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IMARC Group, a leading market research company, has recently releases report titled “Document Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global document management system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Document Management System Market?

The global document management system market size reached US$ 7.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

What is Document Management System?

A document management system (DMS) represents an automated software solution created to manage documents and files and simplify data administration systematically. It assists in capturing, tracking, and storing electronic documents, including word processing files, PDFs, and digital images of paper-based content. DMS provides access control, centralized storage, audit trails, record security, and streamlined search and retrieval. It also makes sharing information and collaborating easier, holds files in the cloud, and allows documents from various sources to be accessible from multiple locations via an internet connection. As a result, DMS finds widespread applications across several sectors, such as BFSI, healthcare, IT and telecommunication, government, retail, manufacturing, etc.

Request Free Sample Copy of This Report: https://www.imarcgroup.com/document-management-system-market/requestsample

What are the growth prospects and trends in the document management system industry?

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The escalating demand for web-based services to address consumer concerns is among the primary factors driving the document management system market. Besides this, the growing popularity of remote work models is inflating the need for workforce mobility and other integrated facility administration solutions to access official assets and decrease the physical infrastructure requirements of the organization, which is further augmenting the market growth.

Moreover, the elimination of the traditional concept of paper files, owing to the improving technologies and efficient execution of the DMS, is also catalyzing the global market. Additionally, the elevating usage of this solution to eradicate human error in the healthcare industry, on account of the lack of cohesive data on patients, is acting as another significant growth-inducing factor. Apart from this, the practical and reliable managing of records generated reduces operational costs and storage issues, which is also stimulating the market growth.

Furthermore, the rising sales of smartphones and the development of cloud technology, including artificial intelligence (AI), machine learning (ML), virtual and augmented reality (VR/AR), and point of sale (POS) platforms, are expected to bolster the document management system market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Offering:

  • Services
  • Solution

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Organization:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Application:

  • BFSI
  • IT and Telecommunication
  • Government
  • Healthcare
  • Retail
  • Manufacturing
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Agiloft Inc., DocuSign Inc., eFileCabinet, Hyland Software, International Business Machines Corporation, OpenText Corporation, Oracle Corporation, Ricoh Company Ltd., Scrypt Inc., Synergis Technologies LLC, Xerox Holdings Corporation and Zoho Corporation.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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