Electronic Document Management Systems (EDMS) Market

Electronic Document Management Systems (EDMS) Market is valued at USD 3.68 Billion in 2020 and is expected to reach USD 9.48 Billion by 2027 with a CAGR of 14.50% over the forecast period.

Global Electronic Document Management Systems (EDMS)Market:Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2021-2027. The growing adoption of cloud computing and the increase of distributed information on networks are some factors driving the growth of the Global Electronic Document Management Systems (EDMS) Market.

Scope of Global Electronic Document Management Systems Market Report-

An electronic document management system is a software program that manages the creation, storage and control of documents electronically. The primary function of an EDMS is to manage electronic information within an organization’s workflow. A basic EDMS should include document management, workflow, text retrieval, and imaging. Not all EDMSs have records management capability. To qualify as a registers management system, an EDMS must be proficient in providing secure admittance, preserving the context, and executing disposition instructions for all records in the system. Before implementing a system, user must determine how it fits into his overall records management strategy.

EDMS functionality is often integrated into Content Management (CM) systems. These systems combine additional functionality like website management with workflow tools, standard templates and access rights. Due to the progress of internet technology and the increase of distributed information on networks, the present knowledge management has been based more and more on the performance of various experienced users. In addition to the rise of electronic documents, the utilization of paper documents has not been reduced due to their convenience.

Key Players Electronic Document Management Systems (EDMS)

Global electronic document management systems (EDMS) market report covers prominent players like

• Alfresco One Software
• CGI Group Inc.
• Lucion Technologies
• eFileCabinet
• Dokmee
• MasterControl
• Ideagen Plc.
• Microsoft Corporation
• Oracle Corporation
• Zoho Corporation
• OpenText Corporation
• Xerox Corporation
• DocStar
• others.

Global Electronic Document Management Systems (EDMS) Market Segmentation:-

Global electronic document management systems (EDMS)market is segmented on the basis of deployment, application, and region& country level. On the basis of deployment, the market is segmented into premise and cloud-based. On the basis of application, the market is segmented into government, healthcare, education, legal, BFSI, and others.

By Deployment Type:

• On-premise
• Cloud-based

By Application:

• Government
• Healthcare
• Education
• Legal
• BFSI
• Others

Global Electronic Document Management Systems (EDMS) Market Dynamics-

Increased demand for cloud-based services and documenting sources are the major factors driving electronic document management systems. These days companies are totally dependent on e-data which is saved on internet. As data is becoming large in size, it is difficult for companies to save their personnel data savers so companies are using clouds. As per United Nations Conference on Trade and Development; The United States and China account for 75% of all patents related to blockchain technologies, 50% of global spending on the internet of things (IoT), more than 75% of the cloud computing market and as much as 90% percent of the market capitalization value of the world’s 70 largest digital platform companies. However, high cost of data-saving software and electronic document management systems may hamper the market growth. In spite of that, technological advancement and increasing numbers of mobile and electronic users can provide an opportunity for the further growth of the market.

North America is expected to Dominate the Global Electronic Document Management Systems (EDMS) Market.

North America is expected to capture the largest share of mobile users owing to the high adoption of the technology in this region. Mobile, tablet, laptop, PC’s are the parent markets for electronic document management systems. As per the stats of mobile users; North America have the largest number of mobile users the penetration percentage in only Canada is around 72% and the United States is around 77%.

Europe is the second-largest market for electronic document management systems (EDMS). However, Asia Pacific is expected to witness the fastest growth due to stability in currency, enhanced economic growth of many countries in this region like China and India, growing government focus on digitization, laboratory infrastructure, and growing life sciences industry in this region. In addition, the growing use of electronic gadgets in daily usage, increasing education levels, rising laboratory automation, and growing availability and awareness of laboratory solutions are some of the key factors responsible for highest CAGR in this region.

Electronic Document Management Systems (EDMS)Market Report Coverage

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 3.68 Billion
Base year considered	2020
Forecast Period CAGR %:	14.50%
Market Size Expected in 2027:	USD 9.48 Billion
Tables, Charts & Figures:	175
Pages	200
Nanosensor Companies	Alfresco One Software, CGI Group Inc., Lucion Technologies, eFileCabinet, Dokmee, MasterControl, Ideagen Plc., Microsoft Corporation, Oracle Corporation, Zoho Corporation, OpenText Corporation, Xerox Corporation, and DocStar
Segments Covered	By Deployment Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa