TechNavio recognizes the following companies as the key players in Global Document-centric Collaboration Market: EMC Corp., IBM Corp., Microsoft Corp., OpenText Corp., and Oracle Corp.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the rapidly evolving market dynamics and changing aspects of businesses have prompted organizations worldwide to continuously innovate and overhaul their existing business models and enterprise infrastructure. This is witnessed especially in the case of SMEs, where document-centric collaboration supports the growth of a company by eliminating time- consuming manual processes and enabling organizations to focus on more value-added tasks and helping them in gaining a competitive advantage by streamlining business processes and improving operational efficiency. Moreover, document-centric collaboration solutions help in the effective storage and sharing of business-critical information among SMEs. Hence, the infrastructure of many SMEs requires upgrades and advancements in order to cater to the current market demands. This drives the evolution and rapid adoption of secure and consistent IT solutions such as document-centric collaboration solutions.”
According to the report, one of the major drivers in the market is the need to increase productivity and efficiency. With the globalization of companies, the customer base has expanded exponentially. This forces enterprises to communicate regularly with their customers. As most communication between enterprises and their customers is in the form of documents such as letters, statements, bills, and marketing materials, a large number of documents are created and delivered. Document-centric collaboration solutions enable organizations to share documents in real time, share information, and discuss issues and provide solutions in a much shorter time period than was possible earlier.
Further, the report states that one of the key challenges in the market is the high implementation and maintenance cost. The price of document-centric collaboration solutions includes the cost of licensing, system design and customization, implementation, training, and maintenance. After purchasing the license, organizations also need to hire resources for proper implementation of the solution.
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/report/global-document-centric-collaboration-ma…
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-centric Collaboration Market 2014-2018
