The document management and storage services industry helps firms streamline their document processing requirements – they offer convenient and secure storage options for hard copy records, convert paper records to electronic ones, and provide document shredding services. Enlisting the services of document management service providers helps businesses benefit from the resultant reduction in costs, improvement in sales efficiency (as information processing is made easy), greater security, and better compliance.
About 65% of the market was managed by in-house document solutions in developing countries. This can be attributed mainly to buyers' apprehensions regarding the loss of control over the document management process. Additionally, storage in offsite facilities might result in increased security risks for buyers.
For instance, in December 2012, a Fortune 100 financial company was fined US$750,000 for failing to maintain records for millions of e-mails. This strict regulatory environment is serving as a growth driver for this market as organizations are focusing on reducing compliance and storage costs to remain competitive in the market and avoid penalties/fines.
In 2018, the global Document Management and Storage Services market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Document Management and Storage Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Document Management and Storage Services development in United States, Europe and China.
The key players covered in this study
Iron Mountain
ARC
Access
Shred-it
Restore
...
Market segment by Type, the product can be split into
Paper records
Electronic records
Market segment by Application, split into
Online
Retailing
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Document Management and Storage Services status, future forecast, growth opportunity, key market and key players.
To present the Document Management and Storage Services development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Document Management and Storage Services are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Document Management and Storage Services. Industry analysis & Market Report on Document Management and Storage Services is a syndicated market report, published as Global Document Management and Storage Services Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Document Management and Storage Services market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.