Document Management
System Market Opportunities, and Forecast By 2030
Market Research Report
EXCLUSIVE EDITION
Global Industry Analysis, Forecast and Trends, 2022-2030
Document Management System Market
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RESEARCH PROCESS
Document Management System Market Revenue Growth and Quantitative Analysis Till 2030
Document Management System Market: by Deployment (On-premise DMS and Cloud-based DMS), by Enterprise Size, and End User (Government, Healthcare, Banking & Financial Services, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)
Description
The global document management system market size is USD 5.31 billion in 2020 and is expected to reach USD 8.94 billion in 2027, with a 12.4% CAGR during the forecast period, 2021-2027. The
document management system is primarily used for managing, storing, and tracking various kinds of electronic documents. These systems coordinate electronic document retrieval, processing,
printing, storage, routing, and distribution. In addition, it also addresses the creation and
modification of documents and further assists in centralizing unorganized documents.
Document Management System Market Dynamics:
The document management system (DMS) market is constantly shifting, driven by increasing workplace efficiency. Improving
technologies and efficient implementation of the DMS are expected to phase out the traditional concept of paper files. Business and functional units can implement and incorporate DMS systems. Document management also provides comprehensive data recovery tools and techniques. The structured storage of data allows the end-users to use it to gain insights.
The growing emphasis on retaining historical records of companies, coupled with the steady increase in the adoption of paperless solutions, has been the primary driver of the document management industry's growth. As key enablers of the document
management system, cloud-based computing solutions emerged. Some companies have additional security concerns, such as
companies that handle medical data must comply with the Health Insurance Portability and Accountability Act (HIPAA) requirements.
Thus, a document management system acquires managing who can and can view and use documents. EFileCabinet is a document management system that fully complies with the HIPAA, FINRA, and FINRA standards.
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The healthcare industry involves significant amounts of data manually collected by contrasting internal IT systems and numerous documents, databases, and forms. The adoption of document management systems allows these players to create electronic patient records, minimizing the risk of misplacing necessary documentation and increasing security access. Healthcare business involves a wide range of applications, such as managing electronic health records, drug discovery, health insurance claims,
scheduling patient appointments, stimulating account settlements, implementing post-discharge guidelines, and managing health care workflows. These apps invade. In addition, open-source tools are gaining traction in the healthcare industry, encouraging many practitioners to adopt open-source technologies to create a dynamic document management system.
Moreover, the healthcare sector is being further revolutionized by big data and AI. The players also integrate these technologies into the RPA platform, which allows them to improve efficiency and patient care while reducing costly administrative errors. Such factors are expected to play a crucial role in developing the document management system market during the forecast period.
Impact of COVID-19 on Document Management System Market:
The report analyzes and includes a specific detailed chapter about the short-term & long-term impact of the COVID-19 outbreak on each segment and region of the "Global Document Management System Market" and relatable government measures with the most current standards to support the industry. It also highlights the current market landscape during COVID breakout, the virus's impact on leading companies, the expected
demand schedule, the industry's supply chain, and other significant factors. These factors will help you identify those companies that may benefit from this pandemic, as well as those that will lose out.
Scope of the Report
The report outlines the document management system market study based on deployment, enterprise size, and end user.
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Based on deployment, the document management system market is segmented into –
• On-premise DMS
• Cloud-based DMS
Based on enterprise size, the document management system market is segmented into –
• Small Sized
• Medium Sized
• Large Sized
Based on end user, the document management system market is segmented into –
• Government
• Healthcare
• Banking
• Others
• In September 2019, Imperial College Healthcare NHS Trust selected IMMJ Systems Mediviewer, an Electronic
Document Management System (EDMS), allowing hospitals to scan, index, and archive medical records and access paper records through the user interface.
The document management system market report thoroughly analyzes macro-economic factors and every
segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players in the respective segment and region/country. The information concluded in the report includes the inputs from industry participants and industry experts across the value chain.
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Document Management System Market Report Covers Comprehensive Analysis On:
• Market Segmentation & Regional Analysis
• Market Size of 10 years
•Pricing Analysis
•Supply & Demand Analysis
•Product Life Cycle Analysis
•Porter's Five Forces & Value Chain Analysis
•Developed & Emerging Economies Analysis
•PEST Analysis
•Market and Forecast Factor Analysis
•Market Opportunities, Risks, & Trends
•Conclusion & Recommendation
•Regulatory Landscape
•Patent Analysis
•Competition Landscape
•15+ Company Profiles
Document Management System Market Regional Analysis Includes:
•North America (US, Canada, Mexico)
•South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
•Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
•Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
•The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA
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