Document Management System Market Share

North American Market Forecast

North America industry is expected to dominate majority revenue share of 34% by 2037. The North American market for document management systems is growing faster owing to the rising adoption of cloud-hosted document management systems in the region. Cloud-based document management software helps in reducing the total time taken to store and retrieve crucial documents. It further increases productivity. Approximately 94% of the total US enterprise infrastructure, decision-makers are using at least one mode of cloud deployment.

APAC Market Statistics

The Asia Pacific document management system market is anticipated to grow at a hiighest CAGR till 2037. The region's governments have enhanced their adoption of document management systems in an effort to prevent illegal trade and transportation and to keep improving workflow. The increasing need for public-sector organizations to maintain compliance requirements while archiving old information and records in a secure manner is another factor driving market expansion in the region. For instance, in 2022, India-based Cybernetik Technologies Pvt. Ltd. partnered with CloudFront for the deployment of its document management system.