HOME Top Market Reports Document Management Systems Market by Offering (Solutions, Services), Deployment Mode (On-Premise, Cloud-Based, and Hybrid), Organization (Small & Medium-Sized Enterprise, Large Enterprise), Application, and Geography - Global Forecast to 2023

Document Management Systems Market by Offering (Solutions, Services), Deployment Mode (On-Premise, Cloud-Based, and Hybrid), Organization (Small & Medium-Sized Enterprise, Large Enterprise), Application, and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: December 2017
Report Code: SE 5783

 

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The document management systems market is expected to reach USD 6.78 Billion by 2023 from USD 3.09 Billion in 2016, at a CAGR of 11.17% during the forecast period. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023.

Objectives of the Study:

  • To define, describe, and forecast the overall document management systems market segmented on the basis of offerings, deployment mode, organization, applications, and geography
  • To forecast the size in terms of value of the market segments with respect to four major regions North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the document management systems market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall document management systems market  
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the document management systems market 
  • To analyze various strategic developments such as joint ventures, mergers and acquisitions, product launches, and research and development (R&D) activities in the document management systems market  

Research Methodology:

This research study incorporates the use of secondary sources, directories, and databases, such as D & B Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the document management systems market. Primary sources mainly comprise several experts from core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and standards and certification organizations related to various parts of this industry’s value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants have been conducted to obtain and verify critical qualitative and quantitative information as well as assess prospects. The breakdown of the profiles of primaries has been depicted in the following figure:

Document Management Systems Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights into the ecosystem of the document management systems market. The major players in this market include OpenText Corporation (Canada), Xerox Corporation (US), Canon Inc. (Japan), Ricoh Company Ltd. (Japan), IBM Corporation (US), eFileCabinet Inc. (US), SpringCM (US), Oracle Corporation (US), Alfresco Software Inc. (UK), and Hyland Software Inc. (US).

Key Target Audience:

  • IT service providers
  • Cloud service providers
  • Printer suppliers
  • Original equipment manufacturers (OEMs)
  • System integrators and third-party vendors
  • Software solution providers
  • Government bodies
  • Technology investors
  • Enterprise data center professionals
  • Research institutes and organizations
  • Market research and consulting firms

Scope of the Report:

The research report segments the document management systems market into the following subsegments:

Document Management Systems Market, by Offering

  • Solutions
  • Services

Document Management Systems Market, by Deployment Mode

  • On-premise
  • Cloud-based
  • Hybrid

Document Management Systems Market, by Organization

  • Small and Medium-sized enterprises (SMEs)
  • Large Enterprises

Document Management Systems Market, by Application

  • BFSI
  • Government
  • Education
  • Healthcare
  • Corporate
  • Industrial Manufacturing
  • Retail
  • Other Applications

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report.

  • Company Information
    • Detailed analysis and profiling of additional market players (up to 5) 

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographical Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Document Management Systems Market: Overview
    4.2 North America: Document Management Systems Market By Deployment Mode
    4.3 APAC: Document Management Systems Market, By Application
    4.4 APAC: Document Management Systems Market, By Organization
    4.5 Document Management Systems Market, By Country/Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Need to Streamline Business Operations
                    5.2.1.2 Benefits of Digitalizing Content Across Enterprises
                    5.2.1.3 Increasing Need to Adhere to Compliance Requirements
                    5.2.1.4 Increasing Adoption of Cloud-Based Services and Cloud Computing
           5.2.2 Restraints
                    5.2.2.1 High Implementation Costs
           5.2.3 Opportunities
                    5.2.3.1 Integration With Client and Employee Portals
                    5.2.3.2 Initiatives From Organizations to Reduce Paper Wastage
           5.2.4 Challenges
                    5.2.4.1 Data Migration From Legacy Systems to Cloud-Based Content Management
    5.3 Value Chain Analysis

6 Document Management Systems Market, By Offering (Page No. - 42)
    6.1 Introduction
    6.2 Solutions
    6.3 Services
           6.3.1 Implementation Services
           6.3.2 Training and Education
           6.3.3 Support and Maintenance

7 Document Management Systems Market, By Deployment Mode (Page No. - 45)
    7.1 Introduction
    7.2 On-Premise
    7.3 Cloud-Based
    7.4 Hybrid

8 Document Management Systems Market, By Organization (Page No. - 51)
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Document Management Systems Market, By Application (Page No. - 55)
    9.1 Introduction
    9.2 Banking, Financial Services, and Insurance (BFSI)
    9.3 Government
    9.4 Education
    9.5 Healthcare
    9.6 Corporate
    9.7 Industrial Manufacturing
    9.8 Retail
    9.9 Other Applications

10 Geographic Analysis (Page No. - 81)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 Australia
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 Middle East and Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 100)
     11.1 Overview
     11.2 Market Ranking
     11.3 Competitive Scenario
             11.3.1 New Product Launches
             11.3.2 Partnerships/Agreements/Collaborations
             11.3.3 Acquisitions
             11.3.4 Expansions

12 Company Profiles (Page No. - 104)
(Business Overview, Products & Software Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships)*
     12.1 Opentext
     12.2 Xerox
     12.3 IBM
     12.4 Canon
     12.5 Hyland
     12.6 Oracle
     12.7 Ricoh Company
     12.8 M-Files
     12.9 Efilecabinet
     12.10 Newgen Software
     12.11 Alfresco
     12.12 Springcm
     12.13 Key Innovators and Start-Ups
             12.13.1 Maxxvault
             12.13.2 Box
             12.13.3 Docuware
             12.13.4 Docstar
             12.13.5 Sapphire Systems
     12.14 Other Important Players
             12.14.1 Everteam
             12.14.2 Laserfiche
             12.14.3 Fabricated Software
             12.14.4 Office Gemini
             12.14.5 Open Document Management System
             12.14.6 Mastercontrol
             12.14.7 Lucion Technologies
             12.14.8 Ideagen
             12.14.9 LSSP
             12.14.10 Docpoint Solutions
             12.14.11 Blue Project Software
             12.14.12 Ademero
             12.14.13 Zoho

*Details on Business Overview, Products & Software Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 150)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (82 Tables)

Table 1 Document Management Systems Market, By Offering, 2014–2023 (USD Billion)
Table 2 Document Management Systems Market, By Deployment Mode, 2014–2023 (USD Billion)
Table 3 On-Premise Document Management Systems Market, By Application, 2014–2023 (USD Million)
Table 4 On-Premise Document Management Systems Market, By Region, 2014–2023 (USD Million)
Table 5 Cloud-Based Document Management Systems Market, By Application, 2014–2023 (USD Million)
Table 6 Cloud-Based Document Management Systems Market, By Region, 2014–2023 (USD Million)
Table 7 Hybrid Document Management Systems Market, By Application, 2014–2023 (USD Million)
Table 8 Hybrid Document Management Systems Market, By Region, 2014–2023 (USD Million)
Table 9 Document Management Systems Market, By Organization, 2014–2023 (USD Billion)
Table 10 Document Management Systems Market for Small and Medium-Sized Enterprises, By Region, 2015–2023 (USD Million)
Table 11 Document Management Systems Market for Large Enterprises, By Region, 2014–2023 (USD Million)
Table 12 Document Management Systems Market, By Application, 2014–2023 (USD Billion)
Table 13 Document Management Systems Market for Banking, Financial Services, and Insurance, By Deployment Mode, 2014–2023 (USD Million)
Table 14 Document Management Systems Market for Banking, Financial Services, and Insurance, By Region, 2014–2023 (USD Million)
Table 15 North America: Document Management Systems Market for Banking, Financial Services, and Insurance, By Country, 2014–2023 (USD Million)
Table 16 Europe: Document Management Systems Market for Banking, Financial Services, and Insurance, By Country, 2014–2023 (USD Million)
Table 17 APAC: Document Management Systems Market for Banking, Financial Services, and Insurance, By Country, 2014–2023 (USD Million)
Table 18 RoW: Document Management Systems Market for Banking, Financial Services, and Insurance, By Region, 2014–2023 (USD Million)
Table 19 Document Management Systems Market for Government Applications, By Deployment Mode, 2014–2023 (USD Million)
Table 20 Document Management Systems Market for Government Applications, By Region, 2014–2023 (USD Million)
Table 21 North America: Document Management Systems Market for Government Applications, By Country, 2014–2023 (USD Million)
Table 22 Europe: Document Management Systems Market for Government Applications, By Country, 2014–2023 (USD Million)
Table 23 APAC: Document Management Systems Market for Government Applications, By Country, 2014–2023 (USD Million)
Table 24 RoW: Document Management Systems Market for Government Applications, By Region, 2014–2023 (USD Million)
Table 25 Document Management Systems Market for Education, By Deployment Mode, 2014–2023 (USD Million)
Table 26 Document Management Systems Market for Education, By Region, 2014–2023 (USD Million)
Table 27 North America: Document Management Systems Market for Education, By Country, 2014–2023 (USD Million)
Table 28 Europe: Document Management Systems Market for Education, By Country, 2014–2023 (USD Million)
Table 29 APAC: Document Management Systems Market for Education, By Country, 2014–2023 (USD Million)
Table 30 RoW: Document Management Systems Market for Education, By Region, 2014–2023 (USD Million)
Table 31 Document Management Systems Market for Healthcare, By Deployment Mode, 2014–2023 (USD Million)
Table 32 Document Management Systems Market for Healthcare, By Region, 2014–2023 (USD Million)
Table 33 North America: Document Management Systems Market for Healthcare, By Country, 2014–2023 (USD Million)
Table 34 Europe: Document Management Systems Market for Healthcare, By Country, 2014–2023 (USD Million)
Table 35 APAC: Document Management Systems Market for Healthcare, By Country, 2014–2023 (USD Million)
Table 36 RoW: Document Management Systems Market for Healthcare, By Region, 2014–2023 (USD Million)
Table 37 Document Management Systems Market for Corporate Applications, By Deployment Mode, 2014–2023 (USD Million)
Table 38 Document Management Systems Market for Corporate Applications, By Region, 2014–2023 (USD Million)
Table 39 North America: Document Management Systems Market for Corporate Applications, By Country, 2014–2023 (USD Million)
Table 40 Europe: Document Management Systems Market for Corporate Applications, By Country, 2014–2023 (USD Million)
Table 41 APAC: Document Management Systems Market for Corporate Applications, By Country, 2014–2023 (USD Million)
Table 42 RoW: Document Management Systems Market for Corporate Applications, By Region, 2014–2023 (USD Million)
Table 43 Document Management Systems Market for Industrial Manufacturing, By Deployment Mode, 2014–2023 (USD Million)
Table 44 Document Management Systems Market for Industrial Manufacturing, By Region, 2014–2023 (USD Million)
Table 45 North America: Document Management Systems Market for Industrial Manufacturing, By Country, 2014–2023 (USD Million)
Table 46 Europe: Document Management Systems Market for Industrial Manufacturing, By Country, 2014–2023 (USD Million)
Table 47 APAC: Document Management Systems Market for Industrial Manufacturing, By Country, 2014–2023 (USD Million)
Table 48 RoW: Document Management Systems Market for Industrial Manufacturing, By Region, 2014–2023 (USD Million)
Table 49 Document Management Systems Market for Retail, By Deployment Mode, 2014–2023 (USD Million)
Table 50 Document Management Systems Market for Retail, By Region, 2014–2023 (USD Million)
Table 51 North America: Document Management Systems Market for Retail, By Country, 2014–2023 (USD Million)
Table 52 Europe: Document Management Systems Market for Retail, By Country, 2014–2023 (USD Million)
Table 53 APAC: Document Management Systems Market for Retail, By Country, 2014–2023 (USD Million)
Table 54 RoW: Document Management Systems Market for Retail, By Region, 2014–2023 (USD Million)
Table 55 Document Management Systems Market for Other Applications, By Deployment Mode, 2014–2023 (USD Million)
Table 56 Document Management Systems Market for Other Applications, By Region, 2014–2023 (USD Million)
Table 57 North America: Document Management Systems Market for Other Applications, By Country, 2014–2023 (USD Million)
Table 58 Europe: Document Management Systems Market for Other Applications, By Country, 2014–2023 (USD Million)
Table 59 APAC: Document Management Systems Market for Other Applications, By Country, 2014–2023 (USD Million)
Table 60 RoW: Document Management Systems Market for Other Applications, By Region, 2014–2023 (USD Million)
Table 61 Document Management Systems Market, By Region, 2014–2023 (USD Billion)
Table 62 North America: Document Management Systems Market, By Application, 2014–2023 (USD Million)
Table 63 North America: Document Management Systems Market, By Organization, 2014–2023 (USD Billion)
Table 64 North America: Document Management Systems Market, By Deployment Mode, 2014–2023 (USD Billion)
Table 65 North America: Document Management Systems Market, By Country, 2014–2023 (USD Million)
Table 66 Europe: Document Management Systems Market for Europe, By Application, 2014–2023 (USD Million)
Table 67 Europe: Document Management Systems Market for Europe, By Organization, 2014–2023 (USD Million)
Table 68 Europe: Document Management Systems Market for Europe, By Deployment Mode, 2014–2023 (USD Million)
Table 69 Europe: Document Management Systems Market, By Country, 2014–2023 (USD Million)
Table 70 APAC: Document Management Systems Market, By Application, 2014–2023 (USD Million)
Table 71 APAC: Document Management Systems Market, By Organization, 2014–2023 (USD Million)
Table 72 APAC: Document Management Systems Market, By Deployment Mode, 2014–2023 (USD Million)
Table 73 APAC: Document Management Systems Market, By Country, 2014–2023 (USD Million)
Table 74 RoW: Document Management Systems Market, By Application, 2014–2023 (USD Million)
Table 75 RoW: Document Management Systems Market, By Organization, 2014–2023 (USD Billion)
Table 76 RoW: Document Management Systems Market, By Deployment Mode, 2014–2023 (USD Billion)
Table 77 RoW: Document Management Systems Market, By Region, 2015–2023 (USD Billion)
Table 78 Market Ranking of the Top 5 Players in the Document Management Systems Market, 2016
Table 79 New Product Launches, By Company (2014–2017)
Table 80 Partnerships/Agreements/Collaborations/Contracts, By Company (2014–2017)
Table 81 Acquisitions, By Company (2014–2017)
Table 82 Expansions, By Company (2014–2017)


List of Figures (31 Figures)

Figure 1 Document Management Systems Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Solutions to Dominate the Document Management Systems Market During the Forecast Period
Figure 6 Government Applications to Register Highest Growth in the Document Management Systems Market Between 2017 and 2023
Figure 7 Small and Medium-Sized Enterprises to Grow at the Highest Rate Between 2017 and 2023
Figure 8 Cloud-Based Deployment Mode to Dominate the Document Management Systems Market During the Forecast Period
Figure 9 Efforts to Streamline Business Processes and Growing Initiatives to Digitalize Content Across Enterprises to Drive the Document Management Systems Market During the Forecast Period
Figure 10 Hybrid Mode of Deployment Segment to Grow at the Highest CAGR in the North American Document Management Systems Market During the Forecast Period
Figure 11 BFSI Applications to Dominate the Document Management Systems Market in APAC in 2017
Figure 12 Small and Medium-Sized Enterprises Estimated to Grow at the Highest CAGR Between 2017 and 2023
Figure 13 Australia to Register the Highest Growth Rate During the Forecast Period
Figure 14 Document Management Systems Market: Drivers, Restraints, Opportunities, & Challenges
Figure 15 Value Chain Analysis: Major Value Added During the Software Development and Integration Stages
Figure 16 Cloud-Based Document Management Systems Market for Government Applications to Grow at the Highest CAGR During the Forecast Period
Figure 17 Australia is Expected to Grow at the Highest CAGR in the Document Management Systems Market for Education
Figure 18 Cloud-Based Document Management Systems to Grow at the Highest Rate in the Market for Corporate Applications
Figure 19 Middle East and Africa to Grow at the Highest CAGR in the Document Management Systems Market for Industrial Manufacturing
Figure 20 Geographic Snapshot: Document Management Systems Market in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 21 Document Management Systems Market in Australia to Grow at the Highest CAGR Between 2017 and 2023
Figure 22 Snapshot: Document Management Systems Market in North America
Figure 23 Snapshot: Document Management Systems Market in Europe
Figure 24 APAC: Document Management Systems Market Snapshot
Figure 25 Key Developments By Leading Players in the Document Management Systems Market, 2014-2017
Figure 26 Opentext: Company Snapshot
Figure 27 Xerox: Company Snapshot
Figure 28 IBM: Company Snapshot
Figure 29 Canon: Company Snapshot
Figure 30 Oracle: Company Snapshot
Figure 31 Ricoh Company: Company Snapshot

The document management systems market is expected to reach USD 6.78 Billion by 2023 from USD 3.59 Billion in 2017, at a CAGR of 11.17% during the forecast period. Growth in this market is mainly driven by factors such as the increasing need to streamline business operations, benefits of digitalizing content across enterprises, and the increasing need to adhere to compliance requirements.

Document management systems are mainly used for the storage and retrieval of self-contained electronic data sources in the document form. These systems are designed to help organizations manage the creation and flow of documents through a centralized repository. Document management systems play a pivotal role in sourcing, monitoring, and managing content and extracting intelligible strategic business insights from the voluminous content generated by enterprises. Owing to this, there is an increased demand for document management systems mostly among enterprises as data is regarded as a corporate asset in enterprises.

In this report, the size of the document management systems market has been arrived at based on segments such as offerings, deployment mode, organization, applications, and regions. Depending on the organization, document management systems can be installed in both small and medium-sized enterprises (SMEs) as well as large enterprises. Based on deployment mode, the market is further segmented into on-premise, cloud-based, and hybrid models. On the basis of applications, the market is further classified into banking, financial services, and insurance (BFSI); government; healthcare; education; corporate; industrial manufacturing; retail; and other applications.

The document management systems market, by offering, is segmented into solutions and services. The solutions segment is growing at a significant rate due to the increasing demand for document management, digital asset management, and eDiscovery by enterprises to achieve a strategic advantage and streamline their document management operations to minimize risks.

The document management systems market has been segmented on the basis of deployment mode into on-premise, cloud-based, and hybrid deployment modes. The hybrid segment is estimated to be the fastest-growing segment of all the deployment models due to benefits such as better flexibility, technical control, enhanced security, and improved adherence to compliance requirements.

The document management systems market has been segmented on the basis of organization into small and medium-sized enterprises (SMEs) and large enterprises. The market for SMEs is expected to grow at a higher rate. Growth in this segment is projected to be steady during the next 5 years, mainly because of the deployment of innovative technologies such as Social, Mobility, Analytics, and Cloud (SMAC) by new entrants in the market, which is compelling existing players to modernize their traditional IT infrastructures to meet changing customer requirements.

Moreover, the market is segmented on the basis of application into BFSI, government, education, healthcare, corporate, industrial manufacturing, retail, and other applications. The BFSI segment is expected to hold the largest share of the market during the forecast period. Document management systems play a pivotal role in the BFSI sector in terms of gathering and managing all the financial data. These systems also provide enhanced data security and access controls in the event of cyber-attacks, bank robberies, and natural disasters. The deployment of document management systems in the BFSI sector ensures better accountability, risk management, operational management and end-to-end content governance, and better management among different functional departments.

Document Management Systems Market

On the basis of geography, the document management systems market has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The document management systems market in APAC is expected to grow at the highest CAGR during the forecast period. Market growth can be attributed to several initiatives by the governments as well as private and public sectors in APAC. Moreover, the presence of major players in the document management systems ecosystem results in the increasing adoption of these systems in APAC. However, the high cost of implementation is a major restraint for the document management systems market.

Key players in this market focus on inorganic strategies such as mergers and acquisitions to expand their business and related offerings. In January 2017, OpenText Corporation (Canada) acquired the enterprise content division of Dell EMC.

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