Global Document Management System Market to Reach US$ 18.5 Billion by 2032, Propelled by Rising Product Adoption in SMEs

March 01, 2023 | Technology & Media

The latest report by IMARC Group, titled "Document Management System Market Report by Offering (Services, Solution), Deployment Mode (On-premises, Cloud-based), Organization (Small and Medium-sized Enterprises, Large Enterprises), Application (BFSI, IT and Telecommunication, Government, Healthcare, Retail, Manufacturing, and Others), and Region 2024-2032," finds that the global document management system market size reached US$ 7.8 Billion in 2023. A document management system (DMS) is a software solution used to manage documents and files. It helps track, capture, and store electronic documents like PDFs, word processing files, and digital images of paper-based content. It also provides access control, centralized storage, document security, audit trails, and streamlined search and retrieval functions. Besides this, it stores files, makes sharing information and collaboration easier, and makes documents from different sources accessible from multiple locations. As a result, DMS is widely adopted by various enterprises across the globe.

Global Document Management System Market Trends:

The market is primarily driven by the rising adoption of DMS across small- and medium-sized enterprises (SMEs) to address the escalating demand for web-based services and address consumer concerns. In addition, the growing popularity of remote work models and the surging need for workforce mobility and other integrated facility management solutions to access official assets is contributing to the market growth. Besides this, DMS is also adopted in the healthcare industry to manage patient data and eliminate human error. This, coupled with the integration of artificial intelligence (AI), machine learning (ML), virtual and augmented reality (VR/AR), and point of sale (POS) platforms with DMS to meet consumer-specific needs, minimize paper usage, and reduce operational costs and storage issues is positively influencing the market growth. Looking forward, IMARC Group expects the market value to reach US$ 18.5 Billion by 2032, exhibiting a CAGR of 9.8% during the forecast period (2024-2032). 

Market Summary:

  • Based on the offering, the market has been bifurcated into services and solutions.
  • On the basis of the deployment mode, the market has been classified into on-premises and cloud-based.
  • Based on the organization, the market has been segmented into small and medium-sized, and large enterprises.
  • On the basis of the application, the market has been segregated into BFSI, IT and telecommunication, government, healthcare, retail, manufacturing, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being Agiloft Inc., DocuSign Inc., eFileCabinet, Hyland Software, International Business Machines Corporation, OpenText Corporation, Oracle Corporation, Ricoh Company Ltd., Scrypt Inc., Synergis Technologies LLC, Xerox Holdings Corporation and Zoho Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Offering, Deployment Mode, Organization, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agiloft Inc., DocuSign Inc., eFileCabinet, Hyland Software, International Business Machines Corporation, OpenText Corporation, Oracle Corporation, Ricoh Company Ltd., Scrypt Inc., Synergis Technologies LLC, Xerox Holdings Corporation and Zoho Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Document Management System Market to Reach US$ 18.5 Billion by 2032, Propelled by Rising Product Adoption in SMEs
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