Emergence of paperless offices and the need for increased efficiency drive the market growth. In addition, high requirement for digitalization to save space fuels the growth further. However, the implementation cost of document management system (DMS) and concerns related to data security restrain the market. The adoption of cloud-based technology and mobile device integration are opportunistic for the market.
Major market players such as – Dell EMC, IBM Corporation, Microsoft Corporation, Oracle Corporation, HP Inc., Xerox Corporation, SpringCM, Agiloft, Synergis Technologies, and Trace Applications.
The global document management market is segmented based on deployment, end user and region. On the basis of deployment, it is bifurcated into on-premise DMS and cloud-based DMS. Based on end user, it is divided into government, healthcare, banking, and others.
The global document management market is analyzed on the basis of end-user industry, application, type, and region. By region, the market is assessed across North America (Canada, Mexico, and the United States), Europe France, Italy, Germany, Spain, the United Kingdom, and rest of Europe), Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific), and LAMEA (Africa, the Middle East, and Latin America).
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