London, 20 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Document Management Systems Market 2014-2018, which is expected to grow at a CAGR of 13.63 percent during 2013-2018.
A DMS is an electronic solution that helps organizations manage and streamline their document management processes effectively. It completes each activity in an organization with respect to the creation, distribution, and deletion of documents and includes storing and organizing documents, content creation, and sharing of documents within the organization. The DMS manages the consistency in documents and protects documents from unauthorized use. It helps reduce the space needed for storage and provides data security.
“With the increased market demand, many vendors are offering DMS integrated portal solutions. As a result, firms are adopting DMS in large numbers with range of solutions including some specialized for particular vertical segments,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Need to Increase Efficiency
- Enterprises going Green
- Increasing Drive for Profitability
- Increasing Need for Effective Time Management
Key Market Trends
- Increasing Adoption of SaaS-based DMS Solutions
- Rise in Demand for Integrated Client Portal Solutions
- Integration with Mobile and Tablet Devices
- Increasing Demand for Workflow Software Solutions
Key Market Vendors
- EMC Corp.
- IBM Corp.
- Microsoft Corp.
- OpenText Corp.
- Oracle Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
