Prominent Document Management System Market players include IBM Corporation, Microsoft, Oracle Corporation, Open Text Corporation, Xerox Corporation, Cannon, Hyland Software, Inc., Ricoh USA, Inc., MFiles, eFileCabinet, Inc., FUJITSU, Mitsubishi Logistics Corporation, BE ONE SOLUTION and FUJIFILM Business Innovation Co., Ltd.
New York, Oct. 10, 2023 (GLOBE NEWSWIRE) -- The global document management system market size is slated to expand at ~ 14.9% CAGR between 2023 and 2035. The market is poised to garner a revenue of USD 42.22 billion by the end of 2035, up from a revenue of ~USD 7.14 billion in the year 2022. Around 92% of businesses are currently involved in initiatives and according to 88% of senior business leaders digitalization is a key priority. Furthermore, 87% of all companies have either already implemented[R1] a digital first approach or have intentions to do so, in the near future. Businesses are increasingly undergoing digital transformation to streamline operations, reduce paper-based processes, and enhance efficiency. DMS plays a pivotal role in this transformation by enabling organizations to digitize, store, and manage documents electronically. more here