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Document Management Services Market Will Rise Due to Increasing Adoption of Cloud-Based Solutions

02-16-2023 05:02 PM CET | IT, New Media & Software

Press release from: Global Insight Services

Document Management Services Market Will Rise Due to Increasing

New York, Global Document Management Services Market report from Global Insight Services is the single authoritative source of intelligence on Document Management Services Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Document management services is the process of handling and storing documents. This can include physically storing documents in a filing system or electronically storing documents in a computer system. Document management services can also include managing access to documents, setting up document retention policies, and destroying documents when they are no longer needed.

Read more about Document Management Services Market here: https://www.globalinsightservices.com/reports/document-management-services-market/

Key Trends

There are a few key trends in Document Management Services (DMS) technology:

1. The cloud: More and more DMS providers are offering cloud-based solutions. This is because the cloud offers a number of advantages, such as scalability, flexibility, and reduced costs.

2. Mobile: With the increasing popularity of smartphones and tablets, it's no surprise that mobile solutions are becoming more popular. Mobile DMS solutions allow users to access their documents from anywhere, at any time.

3. Social: Social media is changing the way we communicate and collaborate, and it's also having an impact on DMS. Social features, such as commenting, are being added to DMS solutions to make collaboration easier.

4. Big data: DMS solutions are becoming more sophisticated, and they're able to handle larger and larger amounts of data. This is important for organizations that have a lot of data to manage.

Key Drivers

Document management services (DMS) is a system used to track, manage and store documents and reduce the paper clutter in an organization. The key drivers of the DMS market are the need for efficient document management, increasing adoption of cloud-based solutions, and the need for compliance with regulatory requirements.

The DMS market is growing due to the need for efficient document management. With the increasing volume of data, it is becoming difficult for organizations to manage their documents manually. This has led to the adoption of DMS solutions, which help organizations to store, manage, and share documents electronically.

The increasing adoption of cloud-based solutions is another driver of the DMS market. Cloud-based solutions offer several advantages over on-premises solutions, such as scalability, flexibility, and cost-effectiveness.

The need for compliance with regulatory requirements is another driver of the DMS market. Organizations are required to comply with various regulations, such as the Sarbanes-Oxley Act (SOX), the Health Insurance Portability and Accountability Act (HIPAA), and the Gramm-Leach-Bliley Act (GLBA).

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Market Segments

The Document Management Services Market is segmented by 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, manufacturing, retail, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Document Management Services Market includes players such as OpenText Corporation, Xerox Corporation, Canon Inc., Ricoh Company Ltd., IBM Corporation, eFileCabinet Inc., SpringCM, Oracle Corporation, Alfresco Software Inc. and Hyland Software Inc.

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• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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