Industry Outlook and Trend Analysis
The Electronic Document Management System Market was worth USD 1.78 billion in 2014 and is expected to reach approximately USD 6.22 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.88% during the forecast period. Developing pattern of software as a service (SaaS) and distributed computing, combined with the good administrative situation is foreseen to raise electronic document management system market development. The developing pattern of Bring Your Own Device (BYOD) and incorporation of report administration arrangement with cell phones has impelled appropriation of the innovation among ventures. Government activities and orders on information stockpiling conventions are required to offer development open doors for the market.
Drivers & Restrains
A main consideration pushing the business development can be credited to the advantage of a paperless domain made by such arrangements. The framework decreases the expenses and time related with report administration by giving various rendition control and unified ventures. The record administration programming is coordinated into the business procedure along these lines enabling associations to successfully deal with their documentation needs. Industry players are concentrating on advancement and mechanical development to customization and upgrade their product advertising. Simplicity of coordination of the system with existing and new innovation arrangements is required to drive electronic document management system market.
Regional Outlook and Trend Analysis
North America is expected to show considerable growth over the forecast period. The U.S. market overwhelmed the Electronic Document Management System industry in 2016 attributable to the nearness of innovation goliaths and high innovation infiltration. Asia-Pacific locale is relied upon to develop altogether in the coming years attributable to positive government activities in nations, for example, China, Japan and India.
The leading players in the market are eFileCabinet, Google, DropBox, Alfresco One, and FileCenter and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Electronic Document Management System Market is segmented as follows-
By Deployment Model:
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?