Document management and storage services help businesses better streamline their processes. With increasing demand for replacing outdated, redundant and inefficient systems, buyers are looking for centralized systems to manage large volumes of transactional and unstructured data. A growing number of regulations in the healthcare and financial service sectors have further boosted the document management and storage services market. Procurement specialists at Technavio predict that this market will grow steadily in the next five years, recording a CAGR of around 3% by 2021.
When it comes to the supplier’s side, a great deal of innovation in developing proprietary systems is being undertaken. Intuitive, usable platforms that offer easy accessibility options are being built for the sophisticated management of documents. Here are the top suppliers of document management and storage services at the global level:
Iron Mountain
Serving more than 94% of Fortune 1000 companies, Iron Mountain is the global leader in document management and storage solutions. Records and data management, document shredding and consulting management are some of the primary services the company offers. In May 2016, Iron Mountain acquired Recall Holdings Ltd. in a bid to increase its presence in Europe and Australia.
ARC
ARC provides document management and digital storage solutions to the largest companies in the architectural, construction, and engineering industries. Skysite, Planwell, and Abacus are some of its proprietary tools that facilitate document and content management tasks. This year, ARC helped a major architectural firm in the US increase its productivity by approximately 50% by providing BIM solution support. The company provides digital shipping and file transfer, archive and information management, managed print services, and web-based document management applications.
Access
The second largest member of the resource infrastructure management (RIM) industry, Access has a client base of 27,500 clients and about 42 million cubic feet of storage. Digital document management, data breach recovery, information governance solutions, and regulatory compliance are some of the key services provided by Access.
Restore
Restore provides services to 60% of the FTSE 100 spread across industries such as health services, retail, manufacture, construction, education, utilities, and financial services. Its document management division is the largest in the UK with over 100 storage and processing centers. File and asset tracking, document scanning and shredding as well as archive document storage, are some of its major services.
Shred-it
A subsidiary of Stericycle, Shred-it is one of the largest document destruction companies in the world. It serves customers across 170 markets in 18 countries. All its locations in the US are 100% NAID-certified for mobile document destruction. Document and hard-drive destruction, along with online compliance training are some of its most sought after services. This year, Shred-it Netherlands received an award for being the best shredding and recycling company at the National Business Success Awards.
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