Electronic Document Management Systems Market Size Worth $8.29 Billion by 2026 | Anticipating a CAGR of 14.5% – brandessenceresearch.com

Global Electronic Document Management Systems (EDMS) Market is valued around USD 3.21 Billion in 2019and expected to reach USD 8.29 Billion by 2026 with the CAGR of 14.5% over the forecast period

Scope of Global Electronic Document Management Systems Market Report-

An electronic document management system is a software program that manages the creation, storage and control of documents electronically. The primary function of an EDMS is to manage electronic information within an organization’s workflow. A basic EDMS should include document management, workflow, text retrieval, and imaging. Not all EDMSs have records management capability. To qualify as a registers management system, an EDMS must be proficient in providing secure admittance, preserving the context, and executing disposition instructions for all records in the system. Before implementing a system, user must determine how it fits into his overall records management strategy. EDMS functionality is often integrated into Content Management (CM) systems. These systems combine additional functionality like website management with workflow tools, standard templates and access rights. Due to the progress of internet technology and the increase of distributed information on networks, the present knowledge management has been based more and more on the performance of various experienced users. In addition to the rise of electronic documents, the utilization of paper documents has not been reduced due to their convenience.

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Globalelectronic document management systems (EDMS)marketis segmented on the basis ofdeployment, applicationand region& country level. On the basis of deployment, the market is segmented intopremise and cloud based. On the basis of application, the market is segmented intogovernment, healthcare, education, legal, BFSI and others.The regions covered in this electronic document management Systems (EDMS)market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of electronic document management systems (EDMS)is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players for GlobalElectronic Document Management Systems (EDMS) –

Global electronic document management systems (EDMS)market report covers prominent players like Alfresco One Software, CGI Group Inc., Lucion Technologies, eFileCabinet, Dokmee, MasterControl, Ideagen Plc., Microsoft Corporation, Oracle Corporation, Zoho Corporation, OpenText Corporation, Xerox Corporation and DocSTAR and others.

News-

Gov’t Launches Electronic Document Management System

On July 32nd, 2019; Liberia’s Government through the Public Financial Management Reforms Coordination Unit at the Ministry of Finance and Development Planning (MFDP) has launched its Electronic Document Management System (EDMS) platform to improve efficiency and transparency in the acquisition of goods, services and works.The system will ensure that all government payroll and voucher processing at the Ministry of Finance and Development Planning will now be done online through a digital system called the Electronic Data Management System (EDMS) instead of the Manual (Through paper) that has been used in the past.

Global Electronic Document Management Systems (EDMS) Market Dynamics-

Increased demand of cloud based services and documenting sources are the majorfactors driving theelectronic document management systems. Thesedays companies are totally dependent on e-data which is saved on internet. Asdata is becoming large in size, it is difficult for companies to save their personnel data savers so companies are using clouds. As per United Nations Conference on Trade and Development; The United States and China account for 75% of all patents related to block chain technologies, 50% of global spending on the internet of things (IoT), more than 75% of the cloud computing market and as much as 90% percent of the market capitalization value of the world’s 70 largest digital platform companies.However, high cost of data saving software’s andelectronic document managementsystems may hamper the market growth.In spite of that, technological advancement and increasing numbers of mobile and electronic users can provide an opportunity for the further growth of the market.

North America is expected to Dominate the Global Electronic Document Management Systems (EDMS) Market:-

North America is expected to capture the largest share of mobile users owing to the high adoption of the technology in this region. Mobile, tablet, laptop, PC’s are the parent markets for electronic document management system. As per the stats of mobile users; North America have the largest number of mobile users the penetration percentage in only Canada is around 72% and United States is around 77%.

Europe is the second largest marketfor the electronic document management systems (EDMS). However, Asia Pacific isexpected to witness the fastest growth due to stability in currency, enhanced economic growth of many countries in this region like China and India, growing government focus on digitization, laboratory infrastructure andgrowing life sciences industry in this region. In addition, growing use of electronic gadgets in daily usage, increasing education levels, rising laboratory automation, and growing availability and awareness of laboratory solutions are some of the key factors responsible for highest CAGR in this region.

Key Benefits for Global Electronic Document Management Systems (EDMS) Market Reports –

  • Globalelectronic document management systems (EDMS)market report covers in depth historical and forecast analysis.
  • Global electronic document management systems (EDMS)market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global electronic document management systems (EDMS)market report helps to identify opportunities in market place.
  • Global electronic document management systems (EDMS)market report covers extensive analysis of emerging trends and competitive landscape.

Global Electronic Document Management Systems (EDMS) Market Segmentation –

By Deployment Type:

  • On premise
  • Cloud based

ByApplication:

  • Government
  • Healthcare
  • Education
  • Legal
  • BFSI
  • Others

By Regional & Country Analysis:

North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Table of Content

1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description

2. Chapter – Global Electronic Document Management Systems Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Electronic Document Management Systems Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Electronic Document Management Systems Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis

3. Chapter – Global Electronic Document Management Systems Market Overview: Quantitative Analysis

4. Chapter – Global Electronic Document Management Systems Market Analysis: Segmentation By Type

5. Chapter – Global Electronic Document Management Systems Market Analysis: Segmentation By Application

Continued….

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