Global Document Management Marketing Research 2015-2019

Market overview and analysis of document management

The global DMS market is changing drastically because of the emergence of cloud-based deployment model and increased adoption by SMEs. The global DMS market was valued at roughly about $1.76 billion in 2014. The need to reduce documentation cost and save time through improved data handling determines the growth of this market. In 2014, the DMS market accounted for nearly 29% of the total electronic content management market. The market is aided by the demand for paperless organizations in developed countries. Development of smart offices is expected to drive high investments in documentation solutions by MNCs in the DMS market or document management industry.

Segmentation of the global documentation management market by deployment

• On-premise DMS
• Off-premise DMS

Based on the document management industry overview, the global on-premises DMS market was valued at $1.57 billion in 2014. However, the revenue generated from on-premises ECM segment is expected to reduce during the forecast period. During the same period, the BFSI sector in the APAC region is predicted to emerge as a key contributor for the adoption of cloud deployment for documentation. It is thus boosting the off-premise segment.

Emergence of Paperless Office