TechNavio recognizes the following companies as the key players in the Global Document Management Systems Market: IBM Corp., OpenText Corp., EMC Corp., Microsoft Corp., and Oracle Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Earlier, SMEs had limited options when adopting a system that would ensure optimal business performance. This was mainly because they did not require, or could not afford, all the features of enterprise-class software systems. Their options were limited to freeware and low-end or open-source solutions that mainly focused on server or network monitoring. In the last few years, SMEs have become increasingly aware of the significance of complete visibility of their operational performance and its impact on their businesses. This trend has created an opportunity for DMS software vendors to develop new versions of their products and attract SMEs, thus improving their presence in this market. Also, with growing operations, SMEs need to find a solution for their document management, storage, and other features. These needs are leading SMEs to shift toward DMS solutions.”
According to the report, one of the major drivers of the market is the need for effective management of corporate information. DMS enables the storage of business documents and is continually transforming to streamline the business process and to meet the demands of a growing number of enterprises for which the management of documents is becoming a complex and a difficult task.
Further, the report states that concern about data security is one of the major challenges confronting the market. Enterprises are always concerned about data security and related issues when using DMS solutions. This concern is greater when the tool is installed using SaaS-based solutions. During the deployment of SaaS-based DMS solutions, the data resides in the cloud servers of vendors, increasing security concerns.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Newgen Software Technologies Ltd., Hewlett-Packard, Hyland Software Inc., SpringCM Inc., Alfresco Software Ltd., and Xerox Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-document-management-systems-mark…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Document Management Systems Market 2012-2016
