Press release
What's driving the electronic document management system market trends? Key company profiled Google, Ademero, MasterControl, Microsoft, Adobe, Agiloft, Oracle, Zoho Corporation, Alfresco One Software, CGI Group Inc., DocSTAR, Dropbox Business, Dokmee
Electronic Document Management System Market
While enumerating the growth prospects of electronic document management system industry in the immediate future, it would be prudent to take note of this business sphere's end-use domain. In the recent times, a plethora of industry verticals such as healthcare, BFSI, education, commercial, and legal among others are witnessing robust progression which has, in turn, contributed immensely to the overall electronic document management system market size expansion. Out of all end-use domains, healthcare sector has emerged as one of the most lucrative avenues that is anticipated to augment the electronic document management system industry share in a drastic manner.
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Top Companies
1. Ademero Inc.
2. Adobe Systems Incorporated
3. Agiloft Inc.
4. Alfresco One Software
5. CGI Group Inc.
6. DocSTAR
7. Dropbox Business
8. Dokmee
9. eFileCabinet
10. FileHold
11. Google
With the implementation of data management systems, many companies have successfully overcome security breaches - a factor that will further stimulate electronic document management system industry size. For instance, in 2014, oil and gas industries across the United States witnessed a series of high-profile accidents, for which the NTSB (National Transportation Safety Board) had been summoned to undertake a study for minimizing any such occurrences in the future. NTSB then found that seven out of 33 findings were data management issues. In this regard, NTSB had framed regulatory guidelines to minimize the possible safety threats from data breaches. In order to comply with regulatory norms, several giants in O&G sector eventually deployed EDM systems on large scale, which has stimulated electronic document management system market size.
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.
Considered to be the most populated city of Russia, Moscow has implemented a Unified Medical and Analytical System that manages cloud-based health records, medical appointments, and e-prescriptions across 600 healthcare institutions in the city. Reportedly, after implementing the system, the waiting time to consult a doctor has reduced to two days. The system has slashed paperwork and call center expenses, saving the city around USD 20 million a year and has proved to be of immense convenience to 12.5 million residents of the city. In consequence, such moves by major nations would perpetually impact electronic document management system market.
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