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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Document Management Market Trends
Mobile-friendly document management software is gaining prominence due to the growing usage of smartphones for performing work-related tasks. Besides, the increased integration of blockchain technology into DMS solutions to provide enhanced security to documents is another crucial trend in document management market.
The advent of AI and machine learning in document management tools and software to automate document processing and optimise workflow also provides impetus to the document management market growth.
Document Management Market Report Snapshots
Document Management Market Size
Document Management Market Growth
Document Management Market Trends
Document Management Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 6.80 billion.
The market is projected to grow at a CAGR of 12.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 19.30 billion by 2032.
The major market drivers are the growing utilisation of document management systems to improve efficiency at the workplace, rapid digitalisation, and technological advancements and innovations.
The key trends of the market include the growing adoption of cloud-based document management systems, the rising popularity of mobile-friendly document management software, increased integration of blockchain technology into DMS solutions, and the advent of AI and machine learning in document management tools.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different components are software and services.
The key players in the market are Microsoft Corporation, Oracle Corporation, Adobe, Inc, Open Text Corporation, IBM Corporation, Zoho Corporation Pvt. Ltd., DocuWare GmbH, Konica Minolta Business Solutions U.S.A., Inc., LogicalDOC Srl, MasterControl Solutions, Inc., and Agiloft Inc., among others.
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