Document Management System Market Segmentation:
By Deployment (Web based, Client Server based, On-Premise based, Data base packages, Cloud based packages); By Application (Financial Applications & Disbursements, Billing Systems, Record Management, Admission Registration, Conduct Statements, Document Imaging Management, Others); By End-Use (Education, BFSI, Entertainment, Government, Healthcare, Legal & Law Firms, Manufacturing, Commercial, Others); By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa); End-Use Landscape; Vendor Landscape; and Market Share & Competitor Analysis
Document Management System Market Insights
The global document management system market is anticipated to grow at a lucrative CAGR over the forecast period. The market is expected to be influenced by a number of advantages offered by DMS including reduced primary storage, improved internal operations, and enhanced client service & satisfaction.
Document management system manages, stores and reduces the risk pertaining to the important documents of the company. It also helps in digitally uploading and filing various documents. DMS further provides better, more flexible control over sensitive documents.
Also, the use of document management system leads to enhanced security, disaster recovery, and controlled & improved document distribution. These factors are further attributed to contribute towards the overall market growth over the coming years. Moreover, computer-based document management systems eliminate the use of papers to a great extent, which leads to operational efficiency of organizations.
Document Management System Market: Deployment Insights
The global document management system market is segmented into web based, client server based, data base, and cloud based.
Cloud based segment is likely to witness a significant growth rate over the forecast period. Factors such as wide web access, reduced infrastructure costs, better collaboration, enhanced productivity, and improved security are likely to boost the segment growth.
Web-based document management systems are also likely to register a considerable market share over the coming years due to its wide acceptance across industries.
Document Management System Market: Application Insights
The global document management system market is divided into financial applications & disbursements, billing systems, record management, admission registration, conduct statements, document imaging management, others. Document management systems are widely used in various industries due to its increased applications.
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Document Management System Market: End-Use Insights
The global document management system market is classified into education, BFSI, entertainment, government, healthcare, legal & law firms, manufacturing, and commercial among others.
The demand for document management system in healthcare is anticipated to increase significantly over the forecast period. The segment growth is mainly driven by the need for regulatory compliance, improved patient care and cost containment in healthcare.
Government sector is also likely to witness a substantial rise over the years due to its increased efficiency while ensuring compliance with all regulations.
Document management system further finds its application in legal firms as it manages legal documents and related information in a secure & legal document management system.
Document Management System Market: Regional Insights
Asia-Pacific is anticipated to account for dominant market share over the forecast period due to growing number of industries across the region. Also, favorable government regulations coupled with growing emphasis on modernization in healthcare and increased ongoing R&D activities are likely to contribute towards the regional market growth.
North America recorded a considerable market share in 2016 followed by Europe. The regional growth is attributed to the increasing number of healthcare, manufacturing, and commercial firms across the region. Moreover, regulatory requirements concerning the health records and medical insurance are also likely to boost the overall regional growth.
Document Management System Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers existing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global document management system market. The major consumers of the product are Palomar Medical Center, Anadolu Medical Center, and El Camino Hospital among others.
Document Management System Market: Market Share & Competitor Analysis
Some of the leading players operating in the global document management system include EMC, Microsoft, OpenText, Alfresco Software, HP, Hyland Software, SpringCM, Agiloft, ASITE, DocSTAR, Ecrion Software, FileHold, inFORM Decisions, LogicalDOC, Nextide, Oracle, Scrypt, Synergis, and Trace Applications among others.
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