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Global Document Management Systems Market to reach USD 12.94 Billion by 2027.

Global Document Management Systems Market Size study, by Offering (Solutions, Services), Deployment Mode (On-Premises, Cloud-Based, and Hybrid), Organization (Small & Medium-Sized Enterprise, Large Enterprise), Application (BFSI, Government, Education, Healthcare, Corporate, Industrial Manufacturing, Retail, and Other) and Regional Forecasts 2021-2027.

Product Code: ICTEITS-16853269
Publish Date: 10-09-2021
Page: 200

Global Document Management Systems Market is valued approximately at USD 5.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 13% over the forecast period 2021-2027. The document management system is a process used to track, capture, and store e-documents, such as word processing files, PDFs, and digital images of paper-based content. Growing need to streamline business operations and advantages of digitalizing content across ventures are the factors which are driving the growth of Document Management Systems market. Furthermore, growing investment and policies from organizations to reduce paper wastage will be anticipating the growth of market in forecasted period. For instance: in February 2020 Agiloft has launched new Agiloft AI Engine, inbuilt with AI capabilities for contract management and an open AI integration which permits customers to incorporate custom-built AI tools. This strategy will strengthen the company’s presence in this market. However, the cost of implementation is high as compared to other expenses may impede market growth over the forecast period of 2021-2027.

Global Document Management Systems market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a significant region across the world in terms of market share due to developed infrastructure and increase in demand for digitalized technologies in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, because of developing strategies for minimizing cyber-attacks in the region.
Major market player included in this report are:

OpenText Corporation
Xerox Corporation
Canon Inc.
Ricoh Company Ltd.
IBM Corporation
eFileCabinet Inc.
Oracle Corporation
Alfresco Software Inc.
Hyland Software Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering
By Deployment Mode
By Organization
Small and Medium-sized enterprises (SMEs)
Large Enterprises
By Application
Industrial Manufacturing
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Document Management Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Document Management Systems Market, by Offering, 2019-2027 (USD Billion)
1.2.2. Document Management Systems Market, by Organization type, 2019-2027 (USD Billion)
1.2.3. Document Management Systems Market, by Deployment Type, 2019-2027 (USD Billion)
1.2.4. Document Management Systems Market, by Application, 2019-2027 (USD Billion)
1.2.5. Document Management Systems Market, By Region, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Document Management Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Document Management Systems Market Dynamics
3.1. Document Management Systems Market Impact Analysis (2018-2027)
3.1.1. Market Drivers Growing need to streamline business operations Advantages of digitalizing content across ventures
3.1.2. Market Challenges High the cost of implementation as compared to other expenses
3.1.3. Market Opportunities Growing investment and policies from organizations to reduce paper wastage
Chapter 4. Global Document Management Systems Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Document Management Systems Market, by Offering
5.1. Market Snapshot
5.2. Global Document Management Systems Market by Offering, Performance – Potential Analysis
5.3. Global Document Management Systems Market Estimates & Forecasts by Offering 2018-2027 (USD Billion)
5.4. Document Management Systems Market, Sub Segment Analysis
5.4.1. Solutions
5.4.2. Services
Chapter 6. Global Document Management Systems Market, by Organization type
6.1. Market Snapshot
6.2. Global Document Management Systems Market by Organization type, Performance – Potential Analysis
6.3. Global Document Management Systems Market Estimates & Forecasts by Organization type 2018-2027 (USD Billion)
6.4. Document Management Systems Market, Sub Segment Analysis
6.4.1. Small and Medium-sized enterprises (SMEs)
6.4.2. Large Enterprises
Chapter 7. Global Document Management Systems Market, by Deployment Type
7.1. Market Snapshot
7.2. Global Document Management Systems Market by Deployment Type, Performance – Potential Analysis
7.3. Global Document Management Systems Market Estimates & Forecasts by Deployment Type 2018-2027 (USD Billion)
7.4. Document Management Systems Market, Sub Segment Analysis
7.4.1. On-premises
7.4.2. Cloud-based

Chapter 8. Global Document Management Systems Market, by Application
8.1. Market Snapshot
8.2. Global Document Management Systems Market by Application, Performance – Potential Analysis
8.3. Global Document Management Systems Market Estimates & Forecasts by Applications 2018-2027 (USD Billion)
8.4. Document Management Systems Market, Sub Segment Analysis
8.4.1. BFSI
8.4.2. Government
8.4.3. Education
8.4.4. Healthcare
8.4.5. Corporate
8.4.6. Industrial Manufacturing
8.4.7. Retail
8.4.8. Other
Chapter 9. Global Document Management Systems Market, Regional Analysis
9.1. Document Management Systems Market, Regional Market Snapshot
9.2. North America Document Management Systems Market
9.2.1. U.S. Document Management Systems Market Offering breakdown estimates & forecasts, 2018-2027 Organization type breakdown estimates & forecasts, 2018-2027 Deployment Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Document Management Systems Market
9.3. Europe Document Management Systems Market Snapshot
9.3.1. U.K. Document Management Systems Market
9.3.2. Germany Document Management Systems Market
9.3.3. France Document Management Systems Market
9.3.4. Spain Document Management Systems Market
9.3.5. Italy Document Management Systems Market
9.3.6. Rest of Europe Document Management Systems Market
9.4. Asia-Pacific Document Management Systems Market Snapshot
9.4.1. China Document Management Systems Market
9.4.2. India Document Management Systems Market
9.4.3. Japan Document Management Systems Market
9.4.4. Australia Document Management Systems Market
9.5. Latin America Document Management Systems Market Snapshot
9.5.1. Brazil Document Management Systems Market
9.5.2. Mexico Document Management Systems Market
9.6. Rest of The World Document Management Systems Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profile
10.2.1. OpenText Corporation Key Information Overview Financial (Subject to Data Availability) Offering Summary Recent Developments
10.2.2. Xerox Corporation
10.2.3. Canon Inc.
10.2.4. Ricoh Company Ltd.
10.2.5. IBM Corporation
10.2.6. eFileCabinet Inc.
10.2.7. SpringCM
10.2.8. Oracle Corporation
10.2.9. Alfresco Software Inc.
10.2.10. Hyland Software Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Data Analysis:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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