valley cottage, NY -- (SBWIRE) -- 05/09/2018 -- According to a recent market report published by Future Market Insights titled, "Global Document Management Software Market- Global Industry Analysis (2013–2017) and Opportunity Assessment (2018–2028)" the Global Document Management Software Market was valued at US$ 3,291.5 Mn in 2017, and is expected to register a CAGR of 12.3% from 2018 to 2028. Increasing demand of automated workflow, cloud storage and increasing concern for green factor are major factors driving growth of the global Document Management Software Market.

Global Document Management Software Market is categorized on the basis of component, deployment, end-user and region. On the basis of component, the market is segmented as software and services. The software segment is anticipated to register a CAGR of 12.4% during the forecast period.

On the basis of deployment, the global Document Management Software Market is segmented into on- premise and cloud based. The revenue contribution from the cloud based segment is anticipated to expand at a CAGR of 13.8% during the forecast period.

On the basis of end-user, Document Management Software Market is segmented as healthcare, retail, government, BFSI, education, legal service firms and others. The revenue contribution from the healthcare segment is anticipated to expand at a CAGR of 13.9% during the forecast period.

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Among the regions, APAC is projected to exhibit relatively high growth in the global market, registering a CAGR of 14.6% over the forecast period. Revenue from the Document Management Software Market in Western Europe and China is expected to collectively account for over 37% of the global Document Management Software Market revenue in 2018. Document Management Software providers can focus on expanding their footprints across several regions like Japan and China.

This report also covers trends driving each segment and offers analysis and insights regarding the potential of Document Management Software Market in regions including North America, Latin America, Western Europe, Eastern Europe, APAC, Japan, Middle East and Africa and China.

Some of the top companies identified across the Document Management Software value chain are Toshiba Corporation, IBM Corporation, OpenText Corp., Asite, Ideagen, Alfresco Software, MasterControl, Computhink, eFileCabinat, Office Gemini and others.

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