Global Document Management System Market TOC
North American Market Forecast
The North America document management system market is projected to hold the largest market share of 38% and grow with a CAGR of 14.6% during the forecast period. 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 CAGR of 16% till 2036. 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.
Author Credits: Abhishek Verma
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