Electronic Document Management System Market Latest Trends, Development, Growth Analysis And Forecast by 2024
Category: #business  By Rahul Varpe  Date: 2021-08-09
  • share
  • Twitter
  • Facebook
  • LinkedIn
Electronic Document Management System Market Latest Trends, Development, Growth Analysis And Forecast by 2024

Electronic Document Management System Market is expected to grow at over 15% CAGR to reach over USD 6 billion by 2024. Increasing penetration of Software as a Service (SaaS) based solutions coupled with the rising adoption of cloud computing is anticipated to drive the electronic document management system market over the forecast timeline. These solutions are increasingly utilized by enterprises to simplify various business operations and effectively manage their documentation requirements. The emerging trends of BYOD and the incorporation of document management solutions with smartphones are fueling the technology growth across various organizations.

Government regulations and initiatives associated with the information storage protocols are predicted to offer lucrative growth opportunities to the electronic document management system market. These solutions allow accessing, indexing, retrieving, and archiving of documents. Benefits of using such solutions include record management, information protection & destruction as well as recovery services. The deployment activities are on the rise across various industry verticals such as medical, government, BFSI, education, and commercial. The electronic document management system market is currently witnessing a significant growth in the medical sector owing to the regulatory needs and penetration of health-based ERP systems.

Factors such as high cost associated with the deployment and maintenance of on-premise solutions coupled with the cybersecurity threats might hinder the electronic document management system market. In addition, incorporation issues with the already existing applications are the other factors restraining the industry demand.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/2265

Software solution providers in the electronic document management system market provide desktop-based, network-based as well as cloud-based solutions for the efficient management of business documentation needs. These providers are realizing the requirement for customized process and content management. Moreover, the partnership between the service providers and software developers is increasing the scope for new possibilities for integrating new functionalities in the document management solutions. The service providers offer a range of service, which includes installation, integration, consulting, and training services for streamlining the business workflow.

The on-premise deployment in the electronic document management system market is predicted to witness a significant growth over the forecast timespan. The growth can be accredited to the rising utilization of these solutions for operations that include an enormous number of documents with a large file. Moreover, cloud-based solutions are an ideal fit for users with inadequate workforce and a large number of customers, who use remote solutions. Increasing implementation of cloud-based solutions can be attributed to the low cost of subscription followed by the easy storage and information accessibility.

The electronic document management system market is witnessing growth in the government sector as these solutions eliminate the paper-based documentation techniques and efficiently manage workflow operations. Furthermore, the utilization of these solutions allows the government to improvise efficiency and maintain transparency across all the departments. With the volume of papers growing enormously, the deployment of electronic documents is expected to help organizations achieve a huge saving in terms of costs.

Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/2265

The rising demand for cloud storage and growing volume of data are anticipated to drive the Asia Pacific electronic document management system market. Favorable government regulations coupled with the increasing penetration of SaaS-based solutions further contribute to the regional market demand. The presence of a large number of industry players and the rising adoption of such solutions across the BFSI and medical sectors are driving the North America and Europe industry growth.

Companies operating in the electronic document management system market include Google, Inc., Adobe Systems, Inc., DropBox, CGI Group, Inc., Alfresco One Software, eFileCabinet, MasterControl, Ideagen PLC, DocSTAR, Zoho Corp., and Oracle Corporation. The industry players are heavily investing in R&D to develop new and advanced technological solutions, which can be easily incorporated into the existing IT platforms.

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Methodology
    • 1.1.1. Initial data exploration
    • 1.1.2. Statistical model and forecast
    • 1.1.3. Industry insights and validation
    • 1.1.4. Definition and forecast parameters
  • 1.2. Data Sources
    • 1.2.1. Primary
    • 1.2.2. Secondary

Chapter 2. Executive Summary

  • 2.1. Electronic document management systems industry 3600 synopsis, 2013 - 2024
    • 2.1.1. Business trends
    • 2.1.2. Regional trends
    • 2.1.3. Solution trends
    • 2.1.4. Deployment trends
    • 2.1.5. Application trends

Chapter 3. Electronic Document Management System Industry Insights

  • 3.1. Industry segmentation
  • 3.2. Industry landscape, 2013 - 2024
  • 3.3. Industry ecosystem analysis
    • 3.3.1. Software / cloud service providers
    • 3.3.2. Collaborators
    • 3.3.3. Service providers
    • 3.3.4. Value added resellers
    • 3.3.5. End-user market
  • 3.4. Technology landscape
    • 3.4.1. Social technology
    • 3.4.2. Mobile device integration
    • 3.4.3. Client portals
  • 3.5. Regulatory landscape
    • 3.5.1. North America
    • 3.5.2. Europe
    • 3.5.3. Asia Pacific
    • 3.5.4. Latin America
    • 3.5.5. MEA
  • 3.6. Industry impact forces
    • 3.6.1. Growth drivers
    • 3.6.1.1. Stringent regulatory framework in the U.S.
    • 3.6.1.2. Emerging demand for cloud services in the UK
    • 3.6.1.3. Demand from government institutions in Russia
    • 3.6.1.4. Penetration of SaaS-based solutions in China and Japan
    • 3.6.1.5. Digitization in India
    • 3.6.2. Industry pitfalls and challenges
    • 3.6.2.1. Data security concerns
    • 3.6.2.2. High cost of implementation
  • 3.7. Growth potential analysis
    • 3.7.1. Business model
  • 3.8. Porter's analysis
    • 3.8.1. Threat of new entrants
    • 3.8.2. Buyer's power
    • 3.8.3. Threat of substitutes
    • 3.8.4. Threat of suppliers
    • 3.8.5. Industry rivalry
  • 3.9. Competitive landscape, 2016
    • 3.9.1. Key vendors overview
    • 3.9.2. Market share of pure EDM software providers, 2016
    • 3.9.3. Strategy dashboard
  • 3.10. PESTEL analysis

Chapter 4. Electronic Document Management System Market, By Solution

  • 4.1. Electronic document management system market share by solution, 2016 & 2024
  • 4.2. Software
    • 4.2.1. Market estimates and forecasts, 2013 - 2024
  • 4.3. Service
    • 4.3.1. Market estimates and forecasts, 2013 - 2024
    • 4.3.2. Installation and integration
    • 4.3.2.1. Market estimates and forecasts, 2013 - 2024
    • 4.3.3. Consulting
    • 4.3.3.1. Market estimates and forecasts, 2013 - 2024
    • 4.3.4. Training
    • 4.3.4.1. Market estimates and forecasts, 2013 - 2024

Chapter 5. Electronic Document Management System Market, By Deployment Model

  • 5.1. Electronic document management system market share, by deployment model, 2016 & 2024
  • 5.2. On-premise
    • 5.2.1. Market estimates and forecasts, 2013 - 2024
  • 5.3. Web-based
    • 5.3.1. Market estimates and forecasts, 2013 - 2024
  • 5.4. Cloud-based
    • 5.4.1. Market estimates and forecasts, 2013 - 2024

Chapter 6. Electronic Document Management System Market, By Application

  • 6.1. Electronic document management system market share, by application, 2016 & 2024
  • 6.2. Government
    • 6.2.1. Market estimates and forecasts, 2013 - 2024
    • 6.2.2. Aerospace & defense
    • 6.2.2.1. Market estimates and forecasts, 2013 - 2024
    • 6.2.3. Oil, gas & utilities
    • 6.2.3.1. Market estimates and forecasts, 2013 - 2024
    • 6.2.4. Transportation
    • 6.2.4.1. Market estimates and forecasts, 2013 - 2024
    • 6.2.5. Others
    • 6.2.5.1. Market estimates and forecasts, 2013 - 2024
  • 6.3. Medical
    • 6.3.1. Market estimates and forecasts, 2013 - 2024
    • 6.3.2. Patient admission
    • 6.3.2.1. Market estimates and forecasts, 2013 - 2024
    • 6.3.3. Billing
    • 6.3.3.1. Market estimates and forecasts, 2013 - 2024
    • 6.3.4. Imaging
    • 6.3.4.1. Market estimates and forecasts, 2013 - 2024
    • 6.3.5. Record management
    • 6.3.5.1. Market estimates and forecasts, 2013 - 2024
  • 6.4. Corporate
    • 6.4.1. Market estimates and forecasts, 2013 - 2024
    • 6.4.2. SMB
    • 6.4.2.1. Market estimates and forecasts, 2013 - 2024
    • 6.4.3. Enterprises
    • 6.4.3.1. Market estimates and forecasts, 2013 - 2024
  • 6.5. BFSI
    • 6.5.1. Market estimates and forecasts, 2013 - 2024
    • 6.5.2. Banking
    • 6.5.2.1. Market estimates and forecasts, 2013 - 2024
    • 6.5.3. Financial Services
    • 6.5.3.1. Market estimates and forecasts, 2013 - 2024
    • 6.5.4. Insurance
    • 6.5.4.1. Market estimates and forecasts, 2013 - 2024
  • 6.6. Legal
    • 6.6.1. Market estimates and forecasts, 2013 - 2024
  • 6.7. Education
    • 6.7.1. Market estimates and forecasts, 2013 - 2024
  • 6.8. Others
    • 6.8.1. Market estimates and forecasts, 2013 - 2024
  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Luxury Coaches Market 2022 By Industry Trends & Growth Forecast To 2027
Luxury Coaches Market 2022 By Industry Trends & Growth Forecast To 2027
By Rahul Varpe

The luxury coaches market is anticipated to witness a remunerative growth trend owing to the growing number of private travel service providers, rising demand for intercity travels, and technological advancements. The coaches are also referred as lar...

Power Sports AfterMarket Trend Forecast 2022-2027 By Regional Players
Power Sports AfterMarket Trend Forecast 2022-2027 By Regional Players
By Rahul Varpe

The power sports aftermarket is set to witness promising growth in forthcoming years owing to increasing off-road activities, rise in e-commerce sector, and increasing demand for the all-terrain vehicles. When it comes to repairing or replacing motor...

Online Powersports Market Revenue Forecast 2022-2026 By Regional Manufacturers
Online Powersports Market Revenue Forecast 2022-2026 By Regional Manufacturers
By Rahul Varpe

The online power sports market is estimated to grow at a significant rate over the forecast time period owing to the increasing off-road leisure and recreational activities across the globe. With new product innovations, performance, and speed, the m...