Electronic Document Management System Market By Growth Analysis by Top Key Players: Google, Adobe Systems, DropBox, CGI Group, Alfresco One Software, eFileCabinet, MasterControl, Ideagen PLC, DocSTAR, Zoh, Oracle Corporation

Market Overview: -

The growing emergence of IT solutions and surging adoption of digitization has had a positive impact on electronic document management system market. In today’s scenario, documents have become an integral part of the corporate and and academic sectors. In consequence, document management systems have attained a preferential position in every organization, given that an effective document management strategy helps companies retrieve important documents very efficiently when required.

Electronic Document Management System Market is expected to grow at over 15% CAGR to reach over USD 6 billion by 2024. Increasing penetration of Software as a Service (SaaS) based solutions coupled with the rising adoption of cloud computing is anticipated to drive the electronic document management system market over the forecast timeline. These solutions are increasingly utilized by enterprises to simplify various business operations and effectively manage their documentation requirements. The emerging trends of BYOD and the incorporation of document management solutions with smartphones are fueling the technology growth across various organizations.

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Top Key Players: -

Companies operating in the electronic document management system market include Google, Inc., Adobe Systems, Inc., DropBox, CGI Group, Inc., Alfresco One Software, eFileCabinet, MasterControl, Ideagen PLC, DocSTAR, Zoho Corp., and Oracle Corporation.

Market share calculation in this report is not done based on companies covered in it. The calculation of electronic document management system market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The electronic document management system market is witnessing growth in the government sector as these solutions eliminate the paper-based documentation techniques and efficiently manage workflow operations. Furthermore, the utilization of these solutions allows the government to improvise efficiency and maintain transparency across all the departments. With the volume of papers growing enormously, the deployment of electronic documents is expected to help organizations achieve a huge saving in terms of costs.

The rising demand for cloud storage and growing volume of data are anticipated to drive the Asia Pacific electronic document management system market. Favorable government regulations coupled with the increasing penetration of SaaS-based solutions further contribute to the regional market demand. The presence of a large number of industry players and the rising adoption of such solutions across the BFSI and medical sectors are driving the North America and Europe industry growth.

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Electronic document management systems industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Solution trends
2.1.4. Deployment trends
2.1.5. Application trends
Chapter 3. Electronic Document Management System Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Software / cloud service providers
3.3.2. Collaborators
3.3.3. Service providers
3.3.4. Value added resellers
3.3.5. End-user market
3.4. Technology landscape
3.4.1. Social technology
3.4.2. Mobile device integration
3.4.3. Client portals
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Stringent regulatory framework in the U.S.
3.6.1.2. Emerging demand for cloud services in the UK
3.6.1.3. Demand from government institutions in Russia
3.6.1.4. Penetration of SaaS-based solutions in China and Japan
3.6.1.5. Digitization in India
3.6.2. Industry pitfalls and challenges
3.6.2.1. Data security concerns
3.6.2.2. High cost of implementation
3.7. Growth potential analysis
3.7.1. Business model
3.8. Porter’s analysis
3.8.1. Threat of new entrants
3.8.2. Buyer’s power
3.8.3. Threat of substitutes
3.8.4. Threat of suppliers
3.8.5. Industry rivalry
3.9. Competitive landscape, 2016
3.9.1. Key vendors overview
3.9.2. Market share of pure EDM software providers, 2016
3.9.3. Strategy dashboard
3.10. PESTEL analysis

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The evaluation of EDMS i.e. collection of various technologies that work combinedly to supply comprehensive solution to manage indexing, creation, retrieval, capture, and information assets of companies has eliminated unnecessary procedures in the organizational progress. The rising adoption of EDMS in the industrial sectors to achieve high operational excellence is thus likely to propel electronic document management system market. A few months before, the renowned chemical manufacturer, DOW chemical selected one of the key players in electronic document management system market, Synergis Software to deploy the Adept EIM (Engineering Information Management) solution.

The main aim behind the deployment of this advanced system was to provide quick access to capital engineering project documents, enhance global collaboration, and support fast post-project data handover. Before the deployment of EDMS, Dow Chemical had at least 20 different kinds of information management systems to process nearly 3 million documents. After the implementation of EDMS however, Dow Chemical has successfully reduced the risk associated with data management with highly reliable and intuitive solutions. The growing adoption of EDMS is thus heavily influencing electronic document management industry share.

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