Global Document Management System Market TOC
Document Management System Market size was over USD 8.2 Billion in 2023 and is poised to cross USD 49.89 Billion by 2036, witnessing more than 14.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of document management system is evaluated at USD 9.26 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.
Author Credits: Abhishek Verma
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