Document Management System Market Size

Document Management System Market size was valued at USD 9.35 billion in 2024 and is likely to cross USD 55.61 billion by 2037, registering more than 14.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of document management system is estimated at USD 10.45 billion. The rising adoption of paperless documents in government organizations and corporate workplaces has recently driven product demand. Digitizing files with a paperless document management system occupies significantly less space, making this among the most significant advantages of going paperless. A paperless document management system can also easily maintain quality documentation, such as standard operating procedures, policies, quality handbooks, CAD files, and design change orders.

The secure and robust presence of leading market players also accelerates the market's growth. The players are more focused on research and development and product launches. For instance, in 2022, Advanced (a software solution company) collaborated with Xperate to integrate cloud-based document management with practice and case management systems.