Document Management Market is expected to grow at a CAGR of 17.8% during the forecasted period | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Document Management Market size accounted for USD 7.1 billion in 2022, growing at a CAGR of 17.8% from 2023 to 2033. The Document Management Market involves the provision of software and services for organizing, storing, and retrieving digital documents efficiently. It addresses the need for businesses to manage information seamlessly, ensuring version control, access restrictions, and workflow automation. This market is driven by the growing demand for digitization, regulatory compliance, and the desire to enhance collaboration. Major players offer solutions tailored to various industries, with cloud-based systems gaining prominence for their scalability and accessibility. The evolving Document Management Market plays a crucial role in improving organizational efficiency and data security.
Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021375
The Document Management Market is primarily driven by the increasing need for businesses to efficiently organize, store, and retrieve digital documents. The demand is fueled by the ongoing trend of digitization, compliance requirements, and the desire to streamline document-related workflows. Key factors include the push for improved collaboration, version control, and the adoption of cloud-based solutions for enhanced scalability and accessibility.
Key Players
Some of the major Document Management Market players holding high market shares include IBM Corporation, Zoho Corporation, Revver, Inc and Ricoh Company. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Oracle Corporation, Canon Inc., SpringCM A DocuSign Company, OpenText Corporation, Xerox Corporation, Hyland Software Inc.
Report Description: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021375
Segmental Analysis
Based on enterprise size, the Document Management market is segmented into large enterprises and small & medium-sized enterprises.
Based on component, the Document Management market is segmented into Solution and Service. the global document management market share was dominated by the solution segment in 2022 and is expected to maintain its dominance in the upcoming years, owing to advances in technologies enabling document management to transform several industries globally.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

This release was published on openPR.