Document management systems expected to grow at CAGR of 11.7% through 2023
TweetFollow Us on Twitter

Document management systems expected to grow at CAGR of 11.7% through 2023

The document management systems market is expected to reach $6.78 billion by 2023 from $3.59 billion in 2017, at a compound annual growth rate (CAGR) of 11.17%, according to Report Linker (www.reportlinker.com).

Growth in this market can largely be attributed to factors such as the increasing need to streamline business operations, benefits of digitalizing content across enterprises, increasing need to adhere to compliance requirements, and increasing adoption of cloud-based services and cloud computing, according to the research group. On the other hand, high implementation costs are expected to restrict adoption, which in turn may limit market growth to a certain extent.

The document management systems market for solutions is expected to hold a larger share, mainly due to the increasing demand for solutions as they help to streamline business processes and operations, according to Report Linker. Document management solutions help integrate document management systems with real-time data, which assists in tracking the changes done in a document and storing different versions of the same document. Solutions thus help in providing a secure location for storing electronic documents and indexing them for the quick retrieval of a particular version of the document, whenever needed.

The hybrid deployment model is estimated to be the fastest-growing segment due to the benefits associated with the use of these models, such as better flexibility, technical control, enhanced security, and adherence to compliance requirements, according to Report Linker. These models allow enterprises to move their mission-critical data to a private cloud without compromising on security and their non-sensitive data to a public cloud.

North America is notable for its high adoption of document management solutions. The increasing demand for cost-effective and efficient business process solutions acts as a driving force for the growth of the document management systems market in the region, according to Report Linker. The market in North America is also characterized by high infrastructure costs and strict policies and regulatory frameworks. Companies such as IBM (US), Microsoft (US), EMC (US), and Hyland Software (US) have a majority of their revenues coming from the North American market.

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

Macs Fan Control 1.5.14 - Monitor and co...
Macs Fan Control allows you to monitor and control almost any aspect of your computer's fans, with support for controlling fan speed, temperature sensors pane, menu-bar icon, and autostart with... Read more
VueScan 9.7.96 - Scanner software with a...
VueScan is a scanning program that works with most high-quality flatbed and film scanners to produce scans that have excellent color fidelity and color balance. VueScan is easy to use, and has... Read more
FileMaker Pro 19.6.1 - Quickly build cus...
FileMaker Pro is the tool you use to create a custom app. You also use FileMaker Pro to access your app on a computer. Start by importing data from a spreadsheet or using a built-in Starter app to... Read more
Duet 3.1.0.0 - Use your iPad as an exter...
Duet is the first app that allows you to use your iDevice as an extra display for your Mac using the Lightning or 30-pin cable. Note: This app requires a iOS companion app. Release notes were... Read more
Firefox 107.0.1 - Fast, safe Web browser...
Firefox offers a fast, safe Web browsing experience. Browse quickly, securely, and effortlessly. With its industry-leading features, Firefox is the choice of Web development professionals and casual... Read more
War Thunder 2.21.1.91 - Multiplayer war...
In War Thunder, aircraft, attack helicopters, ground forces and naval ships collaborate in realistic competitive battles. You can choose from over 1,500 vehicles and an extensive variety of combat... Read more
Numbers 12.2.1 - Apple's spreadshee...
With Apple Numbers, sophisticated spreadsheets are just the start. The whole sheet is your canvas. Just add dramatic interactive charts, tables, and images that paint a revealing picture of your data... Read more
DEVONthink Pro 3.8.7 - Knowledge base, i...
DEVONthink is DEVONtechnologies' document and information management solution. It supports a large variety of file formats and stores them in a database enhanced by artificial intelligence (AI). Many... Read more
Drive Genius 6.2.3 - $79.00
Drive Genius features a comprehensive Malware Scan. Automate your malware protection. Protect your investment from any threat. The Malware Scan is part of the automated DrivePulse utility. DrivePulse... Read more
VLC Media Player 3.0.18 - Popular multim...
VLC Media Player is a highly portable multimedia player for various audio and video formats (MPEG-1, MPEG-2, MPEG-4, DivX, MP3, OGG, ...) as well as DVDs, VCDs, and various streaming protocols. It... Read more

Latest Forum Discussions

See All

TouchArcade Game of the Week: ‘Sling Min...
The world of PC games has always blown my mind because there’s just SO MUCH stuff out there that it’s not uncommon at all for there to be a game that’s well-liked and well-reviewed, and seemingly quite popular with a solid fanbase, and have it be... | Read more »
SwitchArcade Round-Up: Reviews Featuring...
Hello gentle readers, and welcome to the SwitchArcade Round-Up for December 2nd, 2022. So, today turned out a little quieter than the usual Friday. It was so quiet, in fact, that I decided to pen a few reviews. The Knight Witch, Railbound, and Donut... | Read more »
Blue Archive reveals its latest event st...
Nexon has announced the new update for Blue Archive, under the name of An Unconcealed Heart. Featuring a battle between two academies, the story will follow a group struggling to gain recognition, and will bring three new students to recruit. [... | Read more »
Dead Cells+ Is Out Now on Apple Arcade a...
Following the major update for Dead Cells on iOS and Android a few days ago, Playdigious has brought Dead Cells+ () to Apple Arcade. As an App Store Great, Dead Cells+ includes all prior paid DLC and content updates. It also has exclusive mobile... | Read more »
SwitchArcade Round-Up: ‘Romancing SaGa’,...
Hello gentle readers, and welcome to the SwitchArcade Round-Up for December 1st, 2022. Wow, December. We’re already at the last month of the year? Phew. I have a lot of work to finish in the next few weeks. As for today, we’ve got a little news, a... | Read more »
‘Railbound’ Update Now Available Adding...
One of our favorite puzzlers released this year is Railbound from Afterburn Games, which hit in early September and earned our Game of the Week recognition for being an absolutely ace logic puzzler. The goal is to place rail pieces down in order to... | Read more »
The Seven Deadly Sins: Grand Cross celeb...
Netmarble Corporation has pulled out all the stops to celebrate the 3 and a half year anniversary of The Seven Deadly Sins: Grand Cross. The Grand Cross 3.5th Year Anniversary the Ultimate One, a rather wordy title, brings with it a brand new... | Read more »
‘Skullgirls Mobile’ Major Update 5.2 Out...
Developer Hidden Variable pushed out a major update for Skullgirls Mobile (Free) a few hours ago. The version 5.2 update brings in Black Dahlia (before the console and PC game), Retakes, XP Treats, free gifts, and more. Since launch, Skullgirls... | Read more »
Out Now: ‘Disgaea 4’, ‘Romancing SaGa: M...
Each and every day new mobile games are hitting the App Store, and so each week we put together a big old list of all the best new releases of the past seven days. Back in the day the App Store would showcase the same games for a week, and then... | Read more »
SwitchArcade Round-Up: ‘Elevator Action...
Hello gentle readers, and welcome to the SwitchArcade Round-Up for November 30th, 2022. We’re finishing up the month on a quiet note, friends. There are five new releases to look at today, with a few notables amongst them. We’ve got summaries for... | Read more »

Price Scanner via MacPrices.net

New Holiday Sale: Apple retailers are offerin...
Several Apple retailers lowered prices on 10.9″ iPad Airs overnight to lows of $100 off MSRP starting at $499. Their prices are the lowest available for iPad Airs anywhere this Holiday season right... Read more
New Holiday sale at Amazon: Take $50 off Appl...
Amazon has Apple’s new 10th-generation iPads in stock and on sale, for the first time, for $50 off MSRP starting at only $399. Their discount applies to all models and all colors. With the discount,... Read more
Holiday Sale: Get an 8.3″ Apple iPad mini for...
Sams Club has 10.9″ 64GB iPad minis on Holiday sale for $80-$100 off MSRP through December 7, 2022. With their discount, prices start at $399 — the cheapest price for a new iPad mini from any of the... Read more
Sams Club Holiday December Event sale: Apple...
Apple AirPods Max headphones are on sale at Sams Club for $110 off MSRP ($439) as part of their December Event sale, ending on December 7, 2022, valid for all colors. Sale price for online orders... Read more
Apple’s 10.2″ 64GB 9th-generation iPads are o...
Sams Club has 9th-generation 64GB iPads on Holiday sale for $60 off MSRP through December 7, 2022. With their discount, prices start at $259 — the cheapest price for a new iPad from any of the Apple... Read more
11″ 128GB WiFi M2 iPad Pro on sale for $749,...
B&H Photo has the new 11″ 128GB WiFi M2-powered iPad Pro (in Space Gray or Silver) on Holiday sale for $749 including free 1-2 day shipping to most US addresses. Their price is $50 off MSRP and... Read more
Find the best Holiday sale price on an iPad u...
We’ve updated our iPad Price Trackers with the latest information on the new 10th-generation iPads, M2-powered iPad Pros, M1 iPad Airs, iPad minis, and 9th generation iPads from Apple’s authorized... Read more
Apple retailers are offering $100-$150 Holida...
Apple retailers have posted their most-recent Holiday sale prices on 13″ MacBook Airs. Take up to $150 off MSRP on M2-powered Airs with these sales with prices starting at only $1099. Free shipping... Read more
Holiday Sale: Apple’s 14″ MacBook Pros with M...
B&H Photo is offering $200-$300 discounts on Apple’s 14″ MacBook Pros with M1 Pro CPUs as part of their Holiday 2022 sale, with prices starting at $1799. Free 1-2 day shipping is available to... Read more
Deal Alert! 50% off Apple MagSafe Chargers
AT&T has Apple MagSafe Chargers on sale for 50% off MSRP as part of their Holiday sale. Service is not required to take advantage of these savings. With the discounts, their sale prices are the... Read more

Jobs Board

Support Technician II - *Apple* Support - O...
…problems and acting as a liaison between customers and resolving groups. As an Apple Technical Specialist, you will be supporting many of our popular Apple Read more
*Apple* Electronic Repair Technician - PlanI...
…a highly motivated individual to join our Production Department as an Apple Electronic Repair Technician. The computer repair technician will diagnose, assemble, Read more
Lead Developer - *Apple* tvOS - Rumble (Uni...
…earnings, and positive sentiment About the role: We are looking for a Lead Apple tvOS Developer to join our application engineering team to expand our video centric Read more
Tier 1 Endpoint Engineer - *Apple* - Red Ri...
…Desk on site, at our Client's location, with a focus on support to Apple products. This position will handle technical support requests directly from customers and Read more
Product Manager II - *Apple* - DISH (United...
…you will be doing We seek an ambitious, data-driven thinker to assist the Apple Product Development team as our new Retail Wireless division continues to grow and Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.