Sarasota, FL -- (SBWIRE) -- 06/20/2018 -- Document Management Software Market: Overview

Document management software helps organizations to manage their files effectively. It is used for creating content, sharing content, organizing and storage of document in an organization. The traditional method of managing the task is being replaced by document management software. There were high chances of making errors in traditional method of managing documents. Simple error made can lead to huge loss. Document management software helps to store documents safely in various formats. The document can be stored as video, audio, PDFs etc.

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Document Management Software Market: Growth Factors

Stringent rules and government regulations for storage of company records are fueling the demand of document management software market. . It helps in reducing time, errors and saving cost. Document management software has helped us to reduce paper work, reducing time and save cost. . In addition, the advantage of this software is that documents are absolutely safe and they are not misplaced. The major restraining factor of document management software is that the implementation cost is very high. The opportunity is that as people are becoming more and more eco-friendly they are avoiding the use of paper and have started adopting technology.

Document Management Software Market: Segmentation

The document management software market has been bifurcated on the basis of deployment mode, application, industry verticals, and geography. Deployment mode has been further divided on the basis of on-premise and cloud-based. Application has been fragmented into iOS, android, windows and many others. Industry vertical has been further sub-segmented into retail, healthcare, BFSI, government, telecommunication, and many others. The geography has been further segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Document Management Software Market: Regional Analysis

North America is the leading region as it is the early adopter of technology and is technologically advanced. North America is expected to dominate the market by holding the largest market share for document management software during the forecast period followed by Europe. Asia Pacific region is also expected to show a rapid growth due to adoption of software by government for various government portals in countries like India. Middle East and Africa region is also projected to grow in document management software market owing to e increase demand for cloud computing, BYOD trend in the forecasted period.

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Document Management Software Market: Competitive Players

Some of the major players operating in document management software market are IBM Corporation, Adobe Systems Incorporated, Office Gemini, eFileCabinet, SmartFile, Zoho Corporation, Microsoft Corporation, Google Inc., and Ascensio System SIA. Another players include in the market are Dropbox Business, Salesforce, OpenText Corp., Asite, Ideagen, Alfresco Software, Master Control, Computhink, Lucion Technologies, Box and Evernote Corporation, Intranet Connections, FOLDERIT and LogicalDOC, among others.

Document Management Software Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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