Document Management Services Market – Global Industry Analysis and Forecast (2022-2027)

Document Management Services market value is projected to reach US$ 10.42 Bn. at the end of the forecast period and it is expected to grow at the CAGR of 11.27%. The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. Document Management Services market To Know About The Research Methodology :- Request Free Sample Report

 Document Management Services Market Overview:

Document management services are significant to organize all the important data and document in one place. Document preparation service providers offer their businesses and personal customers a range of services that contains the preparation of business and legal documents, proofreading, word processing, editing and desktop publishing.

Document Management Services Market Dynamics:

The global document management services market is expected to gain market growth from 2022 to 2027 thanks to the deviating trend of using digital documents instead of paper documents. Additionally, the number of companies opting for document management services is on a surge owing to the rules and regulations mandating the holding of company records. Technological development has led to the emergence of reliable and efficient services like cloud-based management. Moreover, cloud-based applications offer a seamless user experience and provide high flexibility to manage work for organizations across the world. During the COVID-19 pandemic, many governments around the globe have called for the lockdown to have the disease and the majority of people are working remotely. This has surged the demand for cloud services various in these testing times. Major organizations are adopting services that are reliable and robust to keep ongoing the operational activities of their businesses. For example, in May 2020, King& Wood Mallesons, a global international law firm, declared its adoption of iManage Cloud-based for its offices in the U.S. Europe and the Middle East.

Document Management Services Market Segment Analysis

The MMR report covers all segments in the global document management services market such as deployment mode, media format, organization size, and industry verticals. Based on the deployment model, the cloud-based segment dominated the market, with a market size of US$ xx Mn. in 2021 and to reach US$ xx Mn. by 2027, with a CAGR of 8.12%. The development of cloud-based services has opened avenues of growth opportunities for the key players. The cloud-based document management services are poised to exhibit a steep increase in growth, projecting the market on an upward trajectory. By organization size, the large enterprise's segment was valued at US$ xx Mn. in 2021 and is expected to reach US$ xx Mn. by 2027 at a CAGR of 6.78% over the forec ast period. Large service providers are increasing their worldwide presence and securing a larger market share by acquiring small and medium-sized enterprises of the document management services market.

Document Management Services Market Regional Analysis:

North America dominated the market, with a market size of US$ xx Mn. in 2021 and to reach US$ XX Mn by 2027, with a CAGR of 8.02%. This growth is attributed to the growing adoption of the services by the end-user industries like healthcare and BFSI. The U.S held the largest North America market share of XX% in 2021 and is projected to grow at the highest CAGR of xx% during 2022-2027 thanks to technological advancements in the legal and BFSI industry. However, Europe occupied the second largest market share of XX % in 2021 This growth is attributed to the adoption of strategies for example collaboration by the companies to expand their business throughout the forecast period. The U.S. Document Management Services Market Share by Industry Verticals 2021 Document Management Services Market Competitive Landscape of Global Document Management Services Market: The competitive landscape section in the global document management services market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights into the key developments, differential strategies, and other crucial aspects about the key players having a stronghold in the document management services market globally. In Feb 2020, Agiloft Company announced the addition of its new Agiloft AI Engine, ample with prebuilt AI Capabilities for contract management and an open AI integration that permits customers to include custom-built AI tools into the no code-platform. The report also helps in understanding Global Document Management Services Market dynamics, structure by analyzing the market segments and project the Global Document Management Services Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Document Management Services Market make the report investor’s guide.

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Global Document Management Services Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 5.49 Bn.
Forecast Period 2022 to 2027 CAGR: 11.27% Market Size in 2027: US $ 10.42 Bn.
Segments Covered: by Deployment Mode • On-premise • Cloud-based • Hybrid
by Media Format • Physical records • Electronic records
by Organization Size • Small and Medium-sized enterprises       (SMEs) • Large Enterprises
by Industry Verticals • BFSI • Retail • Education • Healthcare • Government • Industrial manufacturing • Others
by Country • United States • Canada • Mexico

Document Management Services Market, by Region

• Asia Pacific • North America • Europe • South America • Middle East & Africa

 Document Management Services Market Key Players:

• Iron Mountain Inc. • IBM • Springcm • Open Text • Agiloft • Asite • Ecrion Software • Filehold • HP Inc. • Xerox Corporation • Microsoft Corporation • Oracle Corporation • Other Frequently Asked Questions: 1. Which region has the largest share in Global Document Management Services Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Document Management Services Market? Ans: The Global Document Management Services Market is growing at a CAGR of 11.27% during forecasting period 2022-2027. 3. What is scope of the Global Document Management Services market report? Ans: Global Document Management Services Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Document Management Services market? Ans: The important key players in the Global Document Management Services Market are –Iron Mountain Inc., IBM, Springcm, Open Text, Agiloft, Asite, Ecrion Software, Filehold, HP Inc., Xerox Corporation, Microsoft Corporation, Oracle Corporation, Other 5. What is the study period of this market? Ans: The Global Document Management Services Market is studied from 2021 to 2027.
1. Global Document Management Services Market: Research Methodology 2. Global Document Management Services Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Document Management Services Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Document Management Services Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Document Management Services Market Segmentation 4.1 Global Document Management Services Market, by Deployment Mode (2021-2027) • On-premise • Cloud-based • Hybrid 4.2 Global Document Management Services Market, by Media Format (2021-2027) • Physical records • Electronic records 4.3 Global Document Management Services Market, by Organization Size (2021-2027) • Small and Medium-sized enterprises (SMEs) • Large Enterprises 4.4 Global Document Management Services Market, by Industry Verticals (2021-2027) • BFSI • Retail • Education • Healthcare • Government • Industrial manufacturing • Others 5. North America Document Management Services Market(2021-2027) 5.1 Global Document Management Services Market, by Deployment Mode (2021-2027) • On-premise • Cloud-based • Hybrid 5.2 Global Document Management Services Market, by Media Format (2021-2027) • Physical records • Electronic records 5.3 Global Document Management Services Market, by Organization Size (2021-2027) • Small and Medium-sized enterprises (SMEs) • Large Enterprises 5.4 Global Document Management Services Market, by Industry Verticals (2021-2027) • BFSI • Retail • Education • Healthcare • Government • Industrial manufacturing • Others 5.5 North America Document Management Services Market, by Country (2021-2027) • United States • Canada • Mexico 6. Asia Pacific Document Management Services Market (2021-2027) 6.1. Asia Pacific Document Management Services Market, by Deployment Mode (2021-2027) 6.2. Asia Pacific Document Management Services Market, by Media Format (2021-2027) 6.3. Asia Pacific Document Management Services Market, by Organization Size (2021-2027) 6.4. Asia Pacific Document Management Services Market, by Industry Verticals (2021-2027) 6.5. Asia Pacific Document Management Services Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Document Management Services Market (2021-2027) 7.1 Middle East and Africa Document Management Services Market, by Deployment Mode (2021-2027) 7.2. Middle East and Africa Document Management Services Market, by Media Format (2021-2027) 7.3. Middle East and Africa Document Management Services Market, by Organization Size (2021-2027) 7.4. Middle East and Africa Document Management Services Market, by Industry Verticals (2021-2027) 7.5. Middle East and Africa Document Management Services Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Document Management Services Market (2021-2027) 8.1. Latin America Document Management Services Market, by Deployment Mode (2021-2027) 8.2. Latin America Document Management Services Market, by Media Format (2021-2027) 8.3. Latin America Document Management Services Market, by Organization Size (2021-2027) 8.4. Latin America Document Management Services Market, by Industry Verticals (2021-2027) 8.5. Latin America Document Management Services Market, by Country (2021-2027) • Brazil • Argentina • Rest Of Latin America 9. European Document Management Services Market (2021-2027) 9.1. European Document Management Services Market, by Deployment Mode (2021-2027) 9.2. European Document Management Services Market, by Media Format (2021-2027) 9.3. European Document Management Services Market, by Organization Size (2021-2027) 9.4. European Document Management Services Market, by Industry Verticals (2021-2027) 9.5. European Document Management Services Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Iron Mountain Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. IBM 10.3. Springcm 10.4. Open Text 10.5. Agiloft 10.6. Asite 10.7. Ecrion Software 10.8. Filehold 10.9. HP Inc. 10.10. Xerox Corporation 10.11. Microsoft Corporation 10.12. Oracle Corporation 10.13. Other

About This Report

Report ID 86147
Category Information Technology & Telecommunication
Published Date March 2021
Updated Date April 2022
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