New Report: Measuring Growth in the Global Document Management Market
A new report from TechNavio paints a picture of a global document management market that is well braced to grow in the double digits over the next three years. According to the market research firm's Global Document Management Systems Market 2012-2016 report, the sector is on track to grow at a compound annual growth rate (CAGR) of 13.98 percent between 2012 and 2016.
One of the key factors contributing to this market growth, according to the firm, is the need for effective corporate information management. The market has also been witnessing increased adoption of document management systems in small and medium-sized enterprises - yet another trend that's boosting sales within the sector.
In assessing factors that could curtail document management market growth, the research points to data security concerns as one challenging area that vendors and customers will continue to face as the use of document management systems increases.
Covering the Americas, the EMEA, and the APAC regions, the report assessed the global document management systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market, including EMC, IBM, Microsoft, and OpenText.